Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited)

 

Shares     Value Percentage
of Net
Assets
COMMON STOCK: 39.4%
    Communication Services: 2.5%
22,557 (1) Alphabet, Inc. - Class A $   2,157,577 0.9
32,724   AT&T, Inc. 501,986 0.2
18,145   Comcast Corp. – Class A 532,193 0.2
5,690   Deutsche Telekom AG 96,853 0.1
2,802   Electronic Arts, Inc. 324,219 0.1
1,103   Elisa OYJ 49,976 0.0
1,335   Fox Corp. - Class A 40,958 0.0
26,000   HKT Trust & HKT Ltd. - Stapled Security 30,452 0.0
2,442   Interpublic Group of Cos., Inc. 62,515 0.0
3,161 (1) Iridium Communications, Inc. 140,254 0.1
27,221   Koninklijke KPN NV 73,670 0.0
4,314 (1) Live Nation Entertainment, Inc. 328,037 0.2
485   Nexstar Media Group, Inc. 80,922 0.0
2,000   Nintendo Co., Ltd. 80,669 0.0
1,600 (2) Nippon Telegraph & Telephone Corp. 43,156 0.0
3,511   Omnicom Group 221,509 0.1
10,025   Orange SA 90,671 0.1
3,614 (2) Proximus SADP 37,470 0.0
44,534 (2) Sirius XM Holdings, Inc. 254,289 0.1
11,500 (2) SoftBank Corp. 114,838 0.1
7,519   Spark New Zealand Ltd. 21,036 0.0
184   Swisscom AG 86,156 0.0
13,500   Telefonica Deutschland Holding AG 27,294 0.0
7,122 (2) Telenor ASA 65,181 0.0
16,535   Verizon Communications, Inc. 627,834 0.3
      6,089,715 2.5
         
    Consumer Discretionary: 3.8%
32,236 (1) Amazon.com, Inc. 3,642,668 1.5
1,504   Bayerische Motoren Werke AG 101,937 0.1
2,900   Bridgestone Corp. 93,789 0.1
574 (1) Chipotle Mexican Grill, Inc. 862,584 0.3
3,449   Cie Generale des Etablissements Michelin SCA 77,277 0.0
1,213   Domino's Pizza, Inc. 376,273 0.2
3,109 (1) Etsy, Inc. 311,304 0.1
4,140 (1) Expedia Group, Inc. 387,877 0.2
14,154   Ford Motor Co. 158,525 0.1
2,193   General Motors Co. 70,373 0.0
3,866   Gentex Corp. 92,166 0.0
2,172   Genuine Parts Co. 324,323 0.1
3,044   Hasbro, Inc. 205,227 0.1
164   Home Depot, Inc. 45,254 0.0
4,935   LKQ Corp. 232,685 0.1
2,379 (1) Lululemon Athletica, Inc. 665,073 0.3
176   McDonald's Corp. 40,610 0.0
1,800   McDonald's Holdings Co. Japan Ltd. 62,717 0.0
1,752   Mercedes-Benz Group AG 88,593 0.0
4,400   Sekisui House Ltd. 72,874 0.0
4,660   Service Corp. International 269,068 0.1
2,600   Subaru Corp. 39,292 0.0
2,646 (1) Tesla, Inc. 701,852 0.3
2,895   Travel + Leisure Co. 98,777 0.0
10,755   Wendy's Company 201,011 0.1
1,078   Wesfarmers Ltd. 29,471 0.0
2,246   Yum! Brands, Inc. 238,840 0.1
      9,490,440 3.8
         
    Consumer Staples: 2.8%
5,576   British American Tobacco PLC 199,941 0.1
735 (2) Carrefour S.A. 10,194 0.0
6,600   Coca-Cola Co. 369,732 0.2
6,341   Coles Group Ltd. 66,849 0.0
3,726   Conagra Brands, Inc. 121,579 0.0
5,625   Constellation Brands, Inc. 1,291,950 0.5
3,453   Estee Lauder Cos., Inc. 745,503 0.3
11,174   Flowers Foods, Inc. 275,886 0.1
5,078   General Mills, Inc. 389,026 0.2
4,910   Imperial Brands PLC 100,963 0.1
6,200   Japan Tobacco, Inc. 101,883 0.1
2,475   Jeronimo Martins SGPS SA 46,093 0.0
2,827   Kellogg Co. 196,929 0.1
4,140   Koninklijke Ahold Delhaize NV 105,451 0.1
7,528   Mondelez International, Inc. 412,760 0.2
325   Nestle SA 35,151 0.0
2,044   PepsiCo, Inc. 333,703 0.1
6,304   Philip Morris International, Inc. 523,295 0.2
5,214   Procter & Gamble Co. 658,267 0.3
1,508   Reckitt Benckiser Group PLC 99,952 0.0
33,510   Tesco PLC 76,908 0.0
1,142   Tyson Foods, Inc. 75,292 0.0
1,346   Unilever PLC 59,246 0.0
1,128   Unilever PLC - ULVRL 49,564 0.0
3,927   Walmart, Inc. 509,332 0.2
      6,855,449 2.8
         
    Energy: 2.0%
1,556   Aker BP ASA 44,664 0.0
11,593   Baker Hughes Co. 242,989 0.1
48,147   BP PLC 230,064 0.1
1,273   Cheniere Energy, Inc. 211,204 0.1
2,764   Chevron Corp. 397,104 0.2
1,319   ConocoPhillips 134,987 0.0
4,481   Diamondback Energy, Inc. 539,781 0.2
3,307   DT Midstream, Inc. 171,600 0.1
26,400 (2) ENEOS Holdings, Inc. 85,144 0.1
10,173 (2) ENI S.p.A. 108,125 0.1
2,454   EOG Resources, Inc. 274,185 0.1
723   Exxon Mobil Corp. 63,125 0.0
7,255 (2) Galp Energia SGPS SA 69,803 0.0
3,300 (2) Idemitsu Kosan Co., Ltd. 71,720 0.0
18,827   Kinder Morgan, Inc. 313,281 0.1
4,005   Marathon Petroleum Corp. 397,817 0.2

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

Shares     Value Percentage
of Net
Assets
COMMON STOCK: (continued)
    Energy: (continued)
4,267   Phillips 66 $   344,432 0.1
6,238   Repsol SA 71,676 0.0
1,163   Shell PLC 28,852 0.0
3,157   Targa Resources Corp. 190,493 0.1
764 (2) TotalEnergies SE 35,843 0.0
6,635   Valero Energy Corp. 708,950 0.3
1,628   Washington H Soul Pattinson & Co. Ltd. 27,988 0.0
6,350   Woodside Energy Group Ltd. 129,741 0.1
      4,893,568 2.0
         
    Financials: 4.9%
1,691   Aflac, Inc. 95,034 0.0
1,504   Ageas SA/NV 54,853 0.0
2,872   Allstate Corp. 357,650 0.1
1,060   Aon PLC 283,942 0.1
8,140   Australia & New Zealand Banking Group Ltd. 119,160 0.1
18,938   Aviva PLC 81,222 0.0
4,850   Axis Capital Holdings Ltd. 238,378 0.1
364   Baloise Holding AG 46,510 0.0
10,350   Bank Leumi Le-Israel BM 88,397 0.1
4,424   Bank of America Corp. 133,605 0.1
1,731   Bank of Hawaii Corp. 131,764 0.1
4,688   Bank OZK 185,457 0.1
287   Blackrock, Inc. 157,930 0.1
952   BNP Paribas 40,212 0.0
26,500   BOC Hong Kong Holdings Ltd. 88,132 0.1
625   Charles Schwab Corp. 44,919 0.0
6,507   Citigroup, Inc. 271,147 0.1
7,520   Citizens Financial Group, Inc. 258,387 0.1
1,971   CME Group, Inc. 349,123 0.1
3,763   Commerce Bancshares, Inc. 248,960 0.1
5,738 (2) Danske Bank A/S 71,419 0.0
374   Deutsche Boerse AG 61,308 0.0
6,151   Essent Group Ltd. 214,485 0.1
212   Everest Re Group Ltd. 55,637 0.0
5,873   Fidelity National Financial, Inc. 212,603 0.1
4,333   First American Financial Corp. 199,751 0.1
564   Groupe Bruxelles Lambert NV 39,443 0.0
2,709   Hancock Whitney Corp. 124,099 0.1
368   Hannover Rueck SE 55,165 0.0
1,317   Hanover Insurance Group, Inc. 168,760 0.1
4,455   Hartford Financial Services Group, Inc. 275,943 0.1
46,512   HSBC Holdings PLC 240,832 0.1
11,240 (2) Insurance Australia Group Ltd. 33,251 0.0
2,970   International Bancshares Corp. 126,225 0.1
10,500 (2) Japan Post Bank Co. Ltd. 73,397 0.0
7,700   Japan Post Holdings Co. Ltd. 51,014 0.0
407   JPMorgan Chase & Co. 42,532 0.0
7,214   Keycorp 115,568 0.0
29,706   Legal & General Group PLC 70,907 0.0
3,678   Loews Corp. 183,312 0.1
1,158   LPL Financial Holdings, Inc. 253,000 0.1
1,761   Marsh & McLennan Cos., Inc. 262,900 0.1
32,414   Medibank Pvt Ltd. 72,451 0.0
8,748 (2) Mediobanca Banca di Credito Finanziario SpA 68,451 0.0
5,591   Metlife, Inc. 339,821 0.1
20,247   MGIC Investment Corp. 259,567 0.1
14,400   Mitsubishi HC Capital, Inc. 61,894 0.0
32,300   Mitsubishi UFJ Financial Group, Inc. 146,323 0.1
308   Mizrahi Tefahot Bank Ltd. 10,783 0.0
10,600 (2) Mizuho Financial Group, Inc. 114,741 0.1
2,226   Morgan Stanley 175,876 0.1
3,300 (2) MS&AD Insurance Group Holdings, Inc. 87,393 0.1
1,983   MSCI, Inc. - Class A 836,410 0.3
231   Muenchener Rueckversicherungs-Gesellschaft AG 55,606 0.0
16,425   NatWest Group PLC 40,910 0.0
1,987   NN Group NV 77,282 0.0
11,911   Old Republic International Corp. 249,297 0.1
10,652   Phoenix Group Holdings PLC 62,035 0.0
1,333   Popular, Inc. 96,056 0.0
7,168 (3) Poste Italiane SpA 54,154 0.0
3,894   Prosperity Bancshares, Inc. 259,652 0.1
10,644   Regions Financial Corp. 213,625 0.1
2,274   Sampo OYJ 97,080 0.1
5,028   Schroders PLC 21,612 0.0
2,100 (2) Sompo Holdings, Inc. 84,024 0.0
4,600   Sumitomo Mitsui Financial Group, Inc. 127,519 0.1
3,000 (2) Sumitomo Mitsui Trust Holdings, Inc. 85,319 0.1
8,395   Suncorp Group Ltd. 54,173 0.0
3,300   Tokio Marine Holdings, Inc. 58,651 0.0
2,028   Travelers Cos, Inc. 310,690 0.1
3,282 (2) Tryg A/S 67,753 0.0
1,811   UMB Financial Corp. 152,649 0.1
6,678   Unum Group 259,106 0.1
8,591   US Bancorp 346,389 0.1
4,209   Washington Federal, Inc. 126,186 0.1
6,970   Wells Fargo & Co. 280,333 0.1
6,598   Westpac Banking Corp. 87,292 0.1
1,474   Willis Towers Watson PLC 296,186 0.1
418   Zurich Insurance Group AG 166,636 0.1
      12,110,258 4.9
         
    Health Care: 6.1%
4,283   Abbott Laboratories 414,423 0.2

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

Shares     Value Percentage
of Net
Assets
COMMON STOCK: (continued)
    Health Care: (continued)
1,672   AbbVie, Inc. $   224,399 0.1
1,230   Amgen, Inc. 277,242 0.1
20,120 (1) Boston Scientific Corp. 779,248 0.3
9,018   Bristol-Myers Squibb Co. 641,090 0.3
4,379   Cardinal Health, Inc. 291,992 0.1
1,213   Cigna Corp. 336,571 0.1
5,710   CVS Health Corp. 544,563 0.2
2,543   Danaher Corp. 656,831 0.3
8,858 (1) DexCom, Inc. 713,423 0.3
4,249 (1) Edwards Lifesciences Corp. 351,095 0.1
616   Elevance Health, Inc. 279,812 0.1
6,556   Eli Lilly & Co. 2,119,883 0.9
7,438   Gilead Sciences, Inc. 458,850 0.2
10,364   GSK PLC 149,684 0.1
1,747   Hikma Pharmaceuticals PLC 26,332 0.0
1,722   Humana, Inc. 835,497 0.3
1,995 (1) Intuitive Surgical, Inc. 373,943 0.2
189   Ipsen SA 17,492 0.0
8,076   Johnson & Johnson 1,319,295 0.5
1,075   McKesson Corp. 365,360 0.2
1,876   Medtronic PLC 151,487 0.1
6,435   Merck & Co., Inc. 554,182 0.2
4,700   Novartis AG 358,314 0.2
3,000   Ono Pharmaceutical Co., Ltd. 70,076 0.0
960   Orion Oyj 40,423 0.0
1,600   Otsuka Holdings Co. Ltd. 50,664 0.0
19,547   Pfizer, Inc. 855,377 0.3
969   Recordati Industria Chimica e Farmaceutica SpA 35,464 0.0
190   Roche Holding AG-GENUSSCHEIN 61,851 0.0
2,435   Sanofi 185,416 0.1
5,300   Takeda Pharmaceutical Co., Ltd. 137,629 0.1
141   Thermo Fisher Scientific, Inc. 71,514 0.0
2,148   UnitedHealth Group, Inc. 1,084,826 0.4
1,214   Zoetis, Inc. 180,024 0.1
      15,014,272 6.1
         
    Industrials: 3.3%
3,543   3M Co. 391,501 0.2
2,316 (2) ACS Actividades de Construccion y Servicios SA 52,039 0.0
2,088   AECOM 142,757 0.1
725   Allegion Public Ltd. 65,018 0.0
44   AP Moller - Maersk A/S - Class B 79,958 0.1
576   Atlantia S.p.A 12,710 0.0
27,986   Aurizon Holdings Ltd. 61,895 0.0
13,226   BAE Systems PLC 116,209 0.1
6,697   Booz Allen Hamilton Holding Corp. 618,468 0.2
2,578   Bouygues SA 67,436 0.0
7,816   Brambles Ltd. 57,178 0.0
934   Bureau Veritas SA 20,901 0.0
800   Caterpillar, Inc. 131,264 0.0
3,343   CSX Corp. 89,057 0.0
973   Cummins, Inc. 198,015 0.1
1,900 (2) Dai Nippon Printing Co., Ltd. 38,065 0.0
1,092   DCC PLC 56,710 0.0
2,899   Deutsche Post AG 87,374 0.1
5,230   Eaton Corp. PLC 697,473 0.3
4,028   Emerson Electric Co. 294,930 0.1
423   FedEx Corp. 62,803 0.0
2,824   Fortive Corp. 164,639 0.1
606   GEA Group AG 19,612 0.0
4,939   Johnson Controls International plc 243,098 0.1
1,245   Kone Oyj 47,968 0.0
655   Lockheed Martin Corp. 253,020 0.1
2,400 (2) Mitsui OSK Lines Ltd. 42,942 0.0
3,365   MSC Industrial Direct Co. 245,006 0.1
5,500   MTR Corp. 25,228 0.0
3,000 (2) Nippon Yusen KK 50,922 0.0
9,000 (2) Obayashi Corp. 57,762 0.0
173   Parker Hannifin Corp. 41,920 0.0
7,019   Quanta Services, Inc. 894,150 0.4
2,115   Relx PLC (GBP Exchange) 51,681 0.0
2,573   Robert Half International, Inc. 196,834 0.1
976   Rockwell Automation, Inc. 209,947 0.1
1,200   Secom Co., Ltd. 68,423 0.1
31,000   SITC International Holdings Co. Ltd. 56,852 0.0
6,500   Sumitomo Corp. 80,303 0.1
863   TransDigm Group, Inc. 452,920 0.2
4,185   Transurban Group - Stapled Security 33,051 0.0
1,589   United Parcel Service, Inc. - Class B 256,687 0.1
1,498   Verisk Analytics, Inc. 255,454 0.1
5,580   Waste Connections, Inc. 754,025 0.3
700   Wolters Kluwer NV 68,161 0.0
340   WW Grainger, Inc. 166,325 0.1
3,200 (2) Yamato Holdings Co., Ltd. 48,056 0.0
      8,126,747 3.3
         
    Information Technology: 10.0%
7,539 (1) Advanced Micro Devices, Inc. 477,671 0.2
3,693   Amdocs Ltd. 293,409 0.1
30,513   Apple, Inc. 4,216,897 1.7
1,144   Automatic Data Processing, Inc. 258,761 0.1
4,286 (1) Cadence Design Systems, Inc. 700,461 0.3
15,909   Cisco Systems, Inc. 636,360 0.3
5,278   Cognizant Technology Solutions Corp. 303,168 0.1
2,684 (1) Crowdstrike Holdings, Inc. 442,350 0.2
4,602 (1) Datadog, Inc. 408,565 0.2
3,108   Dolby Laboratories, Inc. 202,486 0.1
2,357 (1) Enphase Energy, Inc. 653,997 0.3
2,174 (1) Gartner, Inc. 601,524 0.2
5,710   Genpact Ltd. 249,927 0.1
2,434   International Business Machines Corp. 289,183 0.1

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

Shares     Value Percentage
of Net
Assets
COMMON STOCK: (continued)
    Information Technology: (continued)
2,158   Intuit, Inc. $   835,837 0.3
1,387   Jack Henry & Associates, Inc. 252,808 0.1
9,332   Juniper Networks, Inc. 243,752 0.1
3,334 (1) Keysight Technologies, Inc. 524,638 0.2
10,157   Marvell Technology, Inc. 435,837 0.2
4,134   MAXIMUS, Inc. 239,235 0.1
24,152   Microsoft Corp. 5,625,001 2.3
1,330 (1) MongoDB, Inc. 264,085 0.1
2,148   Motorola Solutions, Inc. 481,088 0.2
3,755   NetApp, Inc. 232,247 0.1
7,371   Nvidia Corp. 894,766 0.4
1,554   Oracle Corp. 94,903 0.0
6,061 (1) Palo Alto Networks, Inc. 992,731 0.4
6,567   Paychex, Inc. 736,883 0.3
2,158 (1) ServiceNow, Inc. 814,882 0.3
2,307   Texas Instruments, Inc. 357,077 0.1
9,489   The Sage Group PLC 73,127 0.0
1,400   Trend Micro, Inc. 75,408 0.1
9,498   Visa, Inc. - Class A 1,687,320 0.7
      24,596,384 10.0
         
    Materials: 1.1%
557   Air Liquide SA 63,664 0.0
1,554   Air Products & Chemicals, Inc. 361,662 0.1
9,857   Amcor PLC 105,766 0.0
392 (2) Chr Hansen Holding A/S 19,310 0.0
1,193   CRH PLC 38,357 0.0
6,696   Crown Holdings, Inc. 542,577 0.2
3,124   Evonik Industries AG 52,319 0.0
25,457   Glencore PLC 133,776 0.1
1,912   Holcim AG 78,355 0.1
1,622   ICL Group Ltd. 13,000 0.0
617   Linde PLC 166,337 0.1
2,800 (2) Mitsubishi Chemical Holdings Corp. 12,827 0.0
5,448   Newmont Corp. 228,979 0.1
4,500 (2) Nippon Steel Corp. 62,452 0.0
400   Nitto Denko Corp. 21,658 0.0
1,256 (2) Novozymes A/S 63,117 0.0
1,998 (2) OCI NV 73,150 0.1
594   Packaging Corp. of America 66,700 0.0
2,099   Rio Tinto Ltd. 126,974 0.1
595   Sherwin-Williams Co. 121,826 0.1
5,500 (2) Sumitomo Chemical Co., Ltd. 18,918 0.0
541   Symrise AG 52,754 0.0
5,300   Tosoh Corp. 59,070 0.0
5,241   WestRock Co. 161,895 0.1
687   Yara International ASA 24,110 0.0
      2,669,553 1.1
         
    Real Estate: 1.5%
1,500 (2) Daiwa House Industry Co., Ltd. 30,499 0.0
2,639   Digital Realty Trust, Inc. 261,736 0.1
1,447   Equity Residential 97,267 0.0
2,692   First Industrial Realty Trust, Inc. 120,628 0.0
25,014   GPT Group 61,564 0.0
6,112   Highwoods Properties, Inc. 164,780 0.1
4,260   Invitation Homes, Inc. 143,860 0.1
4,631   Iron Mountain, Inc. 203,625 0.1
2,252   Kilroy Realty Corp. 94,832 0.0
491   Lamar Advertising Co. 40,503 0.0
2,055   Life Storage, Inc. 227,612 0.1
12,800   Link REIT 89,351 0.1
1,777   Mid-America Apartment Communities, Inc. 275,559 0.1
6,499   National Retail Properties, Inc. 259,050 0.1
4,146   National Storage Affiliates Trust 172,391 0.1
15,000   New World Development Co. Ltd. 42,601 0.0
1,200   Nomura Real Estate Holdings, Inc. 27,101 0.0
5,433   ProLogis, Inc. 551,993 0.2
1,022   Realty Income Corp. 59,480 0.0
1,791   SBA Communications Corp. 509,808 0.2
7,500   Sun Hung Kai Properties Ltd. 82,772 0.1
8,600   Swire Properties Ltd. 18,501 0.0
502   Swiss Prime Site AG 39,988 0.0
1,920   WP Carey, Inc. 134,016 0.1
      3,709,517 1.5
         
    Utilities: 1.4%
3,152   American Electric Power Co., Inc. 272,490 0.1
548   Atmos Energy Corp. 55,814 0.0
4,000   CK Infrastructure Holdings Ltd. 20,401 0.0
10,500   CLP Holdings Ltd. 79,356 0.1
1,365   Consolidated Edison, Inc. 117,062 0.0
2,386   DTE Energy Co. 274,509 0.1
4,262   Duke Energy Corp. 396,451 0.2
1,512   E.ON AG 11,616 0.0
4,825   Edison International 272,999 0.1
260 (2) Elia Group SA/NV 30,594 0.0
3,909   Enagas 60,507 0.0
1,939   Eversource Energy 151,165 0.1
15,000 (2) HK Electric Investments & HK Electric Investments Ltd. - Stapled Security 10,510 0.0
1,802   Iberdrola S.A. - IBEE 16,802 0.0
2,438   National Fuel Gas Co. 150,059 0.1
11,980   National Grid PLC 123,323 0.1
2,454   NiSource, Inc. 61,816 0.0
11,000   Power Assets Holdings Ltd. 55,141 0.0
11,215   PPL Corp. 284,300 0.1
4,672   Red Electrica Corp. SA 71,694 0.1
1,756   Sempra Energy 263,295 0.1
2,286   Severn Trent PLC 59,760 0.0
13,954   Snam SpA 56,401 0.0
6,298   Southern Co. 428,264 0.2
11,343   Terna - Rete Elettrica Nazionale 69,085 0.0
3,578   UGI Corp. 115,677 0.0

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

Shares     Value Percentage
of Net
Assets
COMMON STOCK: (continued)
    Utilities: (continued)
6,930   United Utilities Group PLC $   68,428 0.0
      3,577,519 1.4
         
  Total Common Stock    
  (Cost $106,350,583) 97,133,422 39.4
       
EXCHANGE-TRADED FUNDS: 0.2%
3,783   iShares MSCI EAFE Value Index ETF 145,759 0.1
1,986   iShares Russell 1000 Value ETF 270,076 0.1
         
  Total Exchange-Traded Funds    
  (Cost $456,575) 415,835 0.2
       
MUTUAL FUNDS: 10.7%
    Affiliated Investment Companies: 10.7%
221,915   Voya Emerging Markets Hard Currency Debt Fund - Class P 1,535,649 0.6
2,197,574   Voya Floating Rate Fund - Class P 17,976,155 7.3
1,043,491   Voya High Yield Bond Fund - Class P 6,782,693 2.8
         
  Total Mutual Funds    
  (Cost $30,371,947) 26,294,497 10.7
       
PREFERRED STOCK: 0.2%
    Consumer Staples: 0.0%
982   Henkel AG & Co. KGaA 58,318 0.0
         
    Financials: 0.2%
50 (1),(4) Fannie Mae 500,000 0.2
         
  Total Preferred Stock    
  (Cost $4,168,331) 558,318 0.2
       
OTHER(5): –%
    Consumer Discretionary: –%
120,000 (6),(7) General Motors Co. Escrow     –   –
         
  Total Other    
  (Cost $–)     –  
       
Principal
Amount†
    Value Percentage
of Net
Assets
CORPORATE BONDS/NOTES: 11.6%  
    Basic Materials: 0.6%
 15,000 (3) ASP Unifrax Holdings, Inc., 5.250%, 09/30/2028   11,554 0.0
 200,000 (3) Celulosa Arauco y Constitucion SA, 4.250%, 04/30/2029 166,106 0.1
 70,000 (2),(3) Cleveland-Cliffs, Inc., 4.875%, 03/01/2031 57,925 0.0
 70,000 (3) Coeur Mining, Inc., 5.125%, 02/15/2029 53,034 0.0
 250,000 (3) Evraz PLC, 5.250%, 04/02/2024 131,250 0.1
 225,000 (3) GC Treasury Center Co. Ltd., 4.400%, 03/30/2032 194,117 0.1
 70,000 (3) HudBay Minerals, Inc., 4.500%, 04/01/2026 58,269 0.0
 70,000 (3) Illuminate Buyer LLC / Illuminate Holdings IV, Inc., 9.000%, 07/01/2028 58,235 0.0
 70,000 (3),(8) Iris Holdings, Inc., 8.750% (PIK Rate 9.500%, Cash Rate 8.750%), 02/15/2026 64,846 0.1
 65,000 (3) LSF11 A5 Holdco LLC, 6.625%, 10/15/2029 48,878 0.0
 70,000 (3) Mativ, Inc., 6.875%, 10/01/2026 61,856 0.0
 35,000 (3) Mineral Resources Ltd., 8.000%, 11/01/2027 33,607 0.0
 70,000 (3) Novelis Corp., 3.875%, 08/15/2031 52,364 0.0
 60,000 (3) Nufarm Australia Ltd. / Nufarm Americas, Inc., 5.000%, 01/27/2030 50,018 0.0
 70,000   Olin Corp., 5.125%, 09/15/2027 63,398 0.1
 200,000 (2) Suzano Austria GmbH, 5.000%, 01/15/2030 173,690 0.1
 70,000 (3) Taseko Mines Ltd., 7.000%, 02/15/2026 55,777 0.0
 50,000 (3) Trinseo Materials Operating SCA / Trinseo Materials Finance, Inc., 5.125%, 04/01/2029 29,596 0.0
 55,000 (3) Tronox, Inc., 4.625%, 03/15/2029 40,816 0.0
 70,000 (3) Vibrantz Technologies, Inc., 9.000%, 02/15/2030 45,701 0.0
      1,451,037 0.6
         
    Communications: 0.8%
 70,000 (2) AMC Networks, Inc., 4.250%, 02/15/2029 51,917 0.0
 70,000 (3) Audacy Capital Corp., 6.500%, 05/01/2027 17,285 0.0
 70,000 (3) Beasley Mezzanine Holdings LLC, 8.625%, 02/01/2026 54,125 0.0
 70,000 (3) CCO Holdings LLC / CCO Holdings Capital Corp., 4.250%, 01/15/2034 50,269 0.0
 70,000 (3) Clear Channel Outdoor Holdings, Inc., 7.500%, 06/01/2029 50,861 0.0
 206,000   Comcast Corp., 2.937%, 11/01/2056 123,318 0.1
 70,000 (3) CommScope Technologies LLC, 5.000%, 03/15/2027 52,943 0.0
 70,000   CSC Holdings LLC, 5.250%, 06/01/2024 64,847 0.1
 70,000 (3) Directv Financing LLC / Directv Financing Co-Obligor, Inc., 5.875%, 08/15/2027 60,506 0.1

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

Principal
Amount†
    Value Percentage
of Net
Assets
CORPORATE BONDS/NOTES: (continued)  
    Communications: (continued)
 70,000   DISH DBS Corp., 5.125%, 06/01/2029 $   41,237 0.0
 70,000   Embarq Corp., 7.995%, 06/01/2036 35,157 0.0
 70,000 (3) GCI LLC, 4.750%, 10/15/2028 58,259 0.0
 70,000 (3) Gray Escrow II, Inc., 5.375%, 11/15/2031 55,059 0.0
 70,000 (2) iHeartCommunications, Inc., 8.375%, 05/01/2027 59,019 0.0
 75,000 (3) McGraw-Hill Education, Inc., 8.000%, 08/01/2029 61,672 0.1
 70,000 (3) Millennium Escrow Corp., 6.625%, 08/01/2026 55,490 0.0
 45,000   Netflix, Inc., 5.875%, 11/15/2028 44,023 0.0
 70,000 (9) Paramount Global, 6.250%, 02/28/2057 60,377 0.0
 280,000 (9) Paramount Global, 6.375%, 03/30/2062 242,375 0.1
 70,000 (3) Radiate Holdco LLC / Radiate Finance, Inc., 4.500%, 09/15/2026 57,507 0.0
 70,000 (3) Sinclair Television Group, Inc., 4.125%, 12/01/2030 52,787 0.0
 70,000 (3) Sirius XM Radio, Inc., 5.000%, 08/01/2027 64,387 0.1
 70,000 (3) Spanish Broadcasting System, Inc., 9.750%, 03/01/2026 44,475 0.0
 70,000   Sprint Corp., 7.625%, 03/01/2026 72,519 0.1
 70,000 (3) Stagwell Global LLC, 5.625%, 08/15/2029 57,706 0.0
 70,000   Telecom Italia Capital SA, 6.375%, 11/15/2033 54,583 0.0
 70,000 (3) Univision Communications, Inc., 6.625%, 06/01/2027 66,216 0.1
 70,000 (2),(3) Urban One, Inc., 7.375%, 02/01/2028 59,584 0.0
 70,000 (3) ViaSat, Inc., 5.625%, 09/15/2025 54,447 0.0
 70,000 (3) Viavi Solutions, Inc., 3.750%, 10/01/2029 56,101 0.0
 70,000 (3) Zayo Group Holdings, Inc., 6.125%, 03/01/2028 49,211 0.0
      1,928,262 0.8
         
    Consumer, Cyclical: 1.6%
 70,000 (3) 1011778 BC ULC / New Red Finance, Inc., 4.000%, 10/15/2030 55,292 0.0
 70,000 (3) Academy Ltd., 6.000%, 11/15/2027 63,626 0.1
 70,000 (3) Adams Homes, Inc., 7.500%, 02/15/2025 57,878 0.0
 70,000 (3) Affinity Gaming, 6.875%, 12/15/2027 57,199 0.0
 70,000 (3) Allison Transmission, Inc., 5.875%, 06/01/2029 63,459 0.1
 70,000 (3) American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.500%, 04/20/2026 65,858 0.1
 65,000 (3) Arko Corp., 5.125%, 11/15/2029 50,825 0.0
 70,000   Asbury Automotive Group, Inc., 4.750%, 03/01/2030 54,781 0.0
 70,000   Bath & Body Works, Inc., 6.750%, 07/01/2036 57,794 0.0
 70,000 (3) Caesars Entertainment, Inc., 4.625%, 10/15/2029 53,658 0.0
 70,000 (3) Caesars Entertainment, Inc., 6.250%, 07/01/2025 67,579 0.1
 70,000 (3) CCM Merger, Inc., 6.375%, 05/01/2026 64,009 0.1
 70,000 (3) Century Communities, Inc., 3.875%, 08/15/2029 53,812 0.0
 200,000 (3) CK Hutchison International 21 Ltd., 2.500%, 04/15/2031 162,297 0.1
 70,000 (3) CROCS INC COMPANY GUAR 144A 08/31 4.125, 4.125%, 08/15/2031 53,416 0.0
 70,000 (2) Delta Air Lines 2020-1 Class A Pass Through Trust, 4.375%, 04/19/2028 59,144 0.0
 200,000 (3) Falabella SA, 3.375%, 01/15/2032 149,666 0.1
 70,000 (3) Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc., 6.750%, 01/15/2030 53,332 0.0
 70,000 (3) Foot Locker, Inc., 4.000%, 10/01/2029 54,372 0.0
 70,000   Ford Motor Co., 6.100%, 08/19/2032 61,831 0.0
 70,000 (3) Foundation Building Materials, Inc., 6.000%, 03/01/2029 51,224 0.0
 70,000 (3) Gap, Inc./The, 3.875%, 10/01/2031 44,657 0.0
 70,000 (3) Golden Entertainment, Inc., 7.625%, 04/15/2026 69,114 0.1
 70,000 (2) Goodyear Tire & Rubber Co/The, 5.250%, 07/15/2031 56,086 0.0
 225,000   Home Depot, Inc./The, 3.625%, 04/15/2052 170,317 0.1
 200,000 (3) InRetail Consumer, 3.250%, 03/22/2028 166,770 0.1
 70,000 (3) Installed Building Products, Inc., 5.750%, 02/01/2028 63,077 0.1
 70,000 (3) Interface, Inc., 5.500%, 12/01/2028 59,944 0.0
 70,000 (3) LBM Acquisition LLC, 6.250%, 01/15/2029 47,575 0.0
 70,000 (3) LCM Investments Holdings II LLC, 4.875%, 05/01/2029 54,310 0.0

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

Principal
Amount†
    Value Percentage
of Net
Assets
CORPORATE BONDS/NOTES: (continued)  
    Consumer, Cyclical: (continued)
 70,000 (3) LGI Homes, Inc., 4.000%, 07/15/2029 $   51,962 0.0
 70,000 (3) Lindblad Expeditions LLC, 6.750%, 02/15/2027 61,725 0.0
 70,000 (3) Lions Gate Capital Holdings LLC, 5.500%, 04/15/2029 52,287 0.0
 170,000   Lowe's Cos, Inc., 4.450%, 04/01/2062 127,419 0.1
 70,000   M/I Homes, Inc., 3.950%, 02/15/2030 51,284 0.0
 70,000 (3) Macy's Retail Holdings LLC, 6.125%, 03/15/2032 53,748 0.0
 70,000 (3) Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp., 4.875%, 05/01/2029 57,771 0.0
 70,000   Murphy Oil USA, Inc., 5.625%, 05/01/2027 67,048 0.1
 70,000 (3) NCL Corp. Ltd., 7.750%, 02/15/2029 53,529 0.0
 70,000 (3) Penn Entertainment, Inc., 4.125%, 07/01/2029 53,673 0.0
 70,000 (3) Real Hero Merger Sub 2, Inc., 6.250%, 02/01/2029 50,642 0.0
 25,000 (3) Royal Caribbean Cruises Ltd., 9.125%, 06/15/2023 25,469 0.0
 70,000 (3) Scientific Games Holdings L.P./Scientific Games US FinCo, Inc., 6.625%, 03/01/2030 56,225 0.0
 70,000 (3) Shea Homes L.P. / Shea Homes Funding Corp., 4.750%, 04/01/2029 54,605 0.0
 65,000 (3) Sizzling Platter LLC / Sizzling Platter Finance Corp., 8.500%, 11/28/2025 57,676 0.0
 70,000 (2),(3) Sonic Automotive, Inc., 4.625%, 11/15/2029 55,033 0.0
 70,000 (3) Specialty Building Products Holdings LLC / SBP Finance Corp., 6.375%, 09/30/2026 57,999 0.0
 70,000 (3) SRS Distribution, Inc., 6.125%, 07/01/2029 56,356 0.0
 70,000 (3) Staples, Inc., 10.750%, 04/15/2027 51,978 0.0
 70,000 (3) Station Casinos LLC, 4.500%, 02/15/2028 57,560 0.0
 70,000 (3) STL Holding Co. LLC, 7.500%, 02/15/2026 59,659 0.0
 70,000 (3) Tempur Sealy International, Inc., 3.875%, 10/15/2031 51,437 0.0
 70,000 (2) United Airlines Holdings, Inc., 4.875%, 01/15/2025 65,355 0.1
 70,000 (3) Victoria's Secret & Co., 4.625%, 07/15/2029 52,999 0.0
 35,000 (3) Viking Cruises Ltd., 5.875%, 09/15/2027 26,762 0.0
 35,000 (3) Viking Cruises Ltd., 13.000%, 05/15/2025 36,307 0.0
 193,000 (3) Warnermedia Holdings, Inc., 5.141%, 03/15/2052 140,644 0.1
 70,000 (3) William Carter Co/The, 5.625%, 03/15/2027 65,545 0.1
 70,000 (3) Williams Scotsman International, Inc., 4.625%, 08/15/2028 61,377 0.0
 70,000 (3) Wolverine World Wide, Inc., 4.000%, 08/15/2029 53,506 0.0
 70,000 (3) Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp., 5.250%, 05/15/2027 61,767 0.0
      3,972,249 1.6
         
    Consumer, Non-cyclical: 0.8%
 70,000 (3) Acadia Healthcare Co., Inc., 5.500%, 07/01/2028 63,966 0.1
 70,000 (3) ACCO Brands Corp., 4.250%, 03/15/2029 52,767 0.0
 70,000 (3) ADT Security Corp./The, 4.125%, 08/01/2029 58,248 0.0
 60,000 (3) Albertsons Cos, Inc. / Safeway, Inc. / New Albertsons L.P. / Albertsons LLC, 3.500%, 03/15/2029 48,490 0.0
 25,000 (3) Allied Universal Holdco LLC / Allied Universal Finance Corp., 6.625%, 07/15/2026 22,327 0.0
 50,000 (3) Allied Universal Holdco LLC / Allied Universal Finance Corp., 9.750%, 07/15/2027 41,166 0.0
 70,000 (3) Alta Equipment Group, Inc., 5.625%, 04/15/2026 58,784 0.0
 70,000 (3) AMN Healthcare, Inc., 4.625%, 10/01/2027 62,955 0.1
 70,000 (3) APi Escrow Corp., 4.750%, 10/15/2029 58,089 0.0
 70,000 (3) BellRing Brands, Inc., 7.000%, 03/15/2030 64,180 0.1
 70,000 (3) Catalent Pharma Solutions, Inc., 5.000%, 07/15/2027 62,522 0.1
 35,000   Centene Corp., 2.625%, 08/01/2031 26,451 0.0
 35,000   Centene Corp., 4.625%, 12/15/2029 31,533 0.0
 25,000 (3) Chobani LLC / Chobani Finance Corp., Inc., 4.625%, 11/15/2028 21,297 0.0
 70,000 (2),(3) CHS/Community Health Systems, Inc., 5.250%, 05/15/2030 48,897 0.0
 70,000 (3) CoreLogic, Inc., 4.500%, 05/01/2028 47,702 0.0
 64,000 (3) CPI CG, Inc., 8.625%, 03/15/2026 59,873 0.0
 70,000 (3) DaVita, Inc., 4.625%, 06/01/2030 54,334 0.0
 70,000   Encompass Health Corp., 4.750%, 02/01/2030 57,698 0.0

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

Principal
Amount†
    Value Percentage
of Net
Assets
CORPORATE BONDS/NOTES: (continued)  
    Consumer, Non-cyclical: (continued)
 70,000 (3) Graham Holdings Co., 5.750%, 06/01/2026 $   67,977 0.1
 70,000   HCA, Inc., 3.500%, 09/01/2030 57,953 0.0
 56,000 (3) KeHE Distributors LLC / KeHE Finance Corp., 8.625%, 10/15/2026 56,326 0.0
 70,000 (3) Medline Borrower L.P., 3.875%, 04/01/2029 56,234 0.0
 70,000 (2),(3) MPH Acquisition Holdings LLC, 5.750%, 11/01/2028 52,711 0.0
 40,000 (3) NESCO Holdings II, Inc., 5.500%, 04/15/2029 33,391 0.0
 70,000 (3) Nielsen Finance LLC / Nielsen Finance Co., 4.750%, 07/15/2031 68,727 0.1
 70,000 (3) PECF USS Intermediate Holding III Corp., 8.000%, 11/15/2029 51,329 0.0
 70,000 (3) Post Holdings, Inc., 4.625%, 04/15/2030 57,645 0.0
 70,000 (3) Primo Water Holdings, Inc., 4.375%, 04/30/2029 57,042 0.0
 70,000 (2),(3) Select Medical Corp., 6.250%, 08/15/2026 65,951 0.1
 70,000 (3) Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.625%, 03/01/2029 57,383 0.0
 70,000   Spectrum Brands, Inc., 5.750%, 07/15/2025 66,250 0.1
 70,000 (2),(3) Tenet Healthcare Corp., 6.125%, 10/01/2028 61,439 0.0
 70,000 (3) Triton Water Holdings, Inc., 6.250%, 04/01/2029 53,643 0.0
 45,000 (3) United Natural Foods, Inc., 6.750%, 10/15/2028 41,250 0.0
 70,000   United Rentals North America, Inc., 3.750%, 01/15/2032 55,100 0.0
 40,000 (3) Varex Imaging Corp., 7.875%, 10/15/2027 39,329 0.0
      1,940,959 0.8
         
    Energy: 1.4%
 70,000 (3) Aethon United BR L.P. / Aethon United Finance Corp., 8.250%, 02/15/2026 67,732 0.1
 70,000 (3) Antero Midstream Partners L.P. / Antero Midstream Finance Corp., 5.750%, 03/01/2027 64,884 0.0
 70,000 (3) Archrock Partners L.P. / Archrock Partners Finance Corp., 6.250%, 04/01/2028 61,673 0.0
 70,000 (3) Ascent Resources Utica Holdings LLC / ARU Finance Corp., 5.875%, 06/30/2029 62,426 0.0
 70,000 (3) Baytex Energy Corp., 8.750%, 04/01/2027 70,524 0.1
 70,000 (3) Chesapeake Energy Corp., 6.750%, 04/15/2029 67,251 0.1
 70,000 (3) Chord Energy Corp., 6.375%, 06/01/2026 66,842 0.1
 70,000 (3) CNX Midstream Partners LP, 4.750%, 04/15/2030 55,058 0.0
 70,000 (3) Colgate Energy Partners III LLC, 5.875%, 07/01/2029 62,644 0.0
 70,000 (3) Comstock Resources, Inc., 5.875%, 01/15/2030 61,133 0.0
 70,000 (3) Crescent Energy Finance LLC, 7.250%, 05/01/2026 63,051 0.0
 70,000   Crestwood Midstream Partners L.P. / Crestwood Midstream Finance Corp., 5.750%, 04/01/2025 66,513 0.0
 46,000   Devon Energy Corp., 5.250%, 10/15/2027 46,137 0.0
 70,000 (3) DT Midstream, Inc., 4.125%, 06/15/2029 59,302 0.0
 70,000 (3) Earthstone Energy Holdings LLC, 8.000%, 04/15/2027 66,115 0.0
 350,000   Empresa Nacional del Petroleo, 3.750%, 08/05/2026 314,862 0.2
 70,000 (3) Encino Acquisition Partners Holdings LLC, 8.500%, 05/01/2028 64,714 0.0
 450,000 (9) Energy Transfer L.P., 7.125%, 12/31/2199 370,820 0.2
 70,000 (2) EnLink Midstream LLC, 5.375%, 06/01/2029 64,200 0.0
 70,000 (3) Enviva Partners L.P. / Enviva Partners Finance Corp., 6.500%, 01/15/2026 66,286 0.0
 13,000 (3) EQM Midstream Partners L.P., 6.000%, 07/01/2025 12,037 0.0
 70,000 (3) Hess Midstream Operations L.P., 4.250%, 02/15/2030 56,674 0.0
 70,000 (3) Hilcorp Energy I L.P. / Hilcorp Finance Co., 5.750%, 02/01/2029 61,341 0.0
 70,000 (3) Howard Midstream Energy Partners LLC, 6.750%, 01/15/2027 62,473 0.0
 350,000   KazMunayGas National Co. JSC, 5.375%, 04/24/2030 278,272 0.1
 70,000   Murphy Oil Corp., 6.375%, 07/15/2028 66,251 0.0
 60,000 (3) Nabors Industries, Inc., 7.375%, 05/15/2027 55,500 0.0
 70,000   Occidental Petroleum Corp., 6.625%, 09/01/2030 71,218 0.1

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

Principal
Amount†
    Value Percentage
of Net
Assets
CORPORATE BONDS/NOTES: (continued)  
    Energy: (continued)
 225,000   Petroleos del Peru SA, 4.750%, 06/19/2032 $   159,336 0.1
 425,000   Petroleos Mexicanos, 5.950%, 01/28/2031 287,731 0.1
 185,000   Petroleos Mexicanos, 6.700%, 02/16/2032 130,083 0.1
 200,000 (3) Qatar Energy, 3.125%, 07/12/2041 146,330 0.1
 70,000 (3) Strathcona Resources Ltd., 6.875%, 08/01/2026 59,482 0.0
 70,000 (3) SunCoke Energy, Inc., 4.875%, 06/30/2029 54,131 0.0
 70,000   Sunoco L.P. / Sunoco Finance Corp., 4.500%, 05/15/2029 58,194 0.0
 70,000 (3) Tallgrass Energy Partners L.P. / Tallgrass Energy Finance Corp., 5.500%, 01/15/2028 59,907 0.0
 70,000 (3) Weatherford International Ltd., 8.625%, 04/30/2030 61,120 0.0
 70,000   Western Midstream Operating L.P., 5.450%, 04/01/2044 57,521 0.0
      3,559,768 1.4
         
    Financial: 4.5%
 70,000   Ally Financial, Inc., 5.750%, 11/20/2025 67,968 0.1
 293,000 (2) American Express Co., 3.950%, 08/01/2025 283,960 0.1
 70,000 (3) Aretec Escrow Issuer, Inc., 7.500%, 04/01/2029 58,721 0.0
 200,000   Banco Nacional de Panama, 2.500%, 08/11/2030 147,015 0.1
 502,000 (9) Bank of America Corp., 1.530%, 12/06/2025 459,559 0.2
 2,391,000 (9) Bank of America Corp., 3.384%, 04/02/2026 2,259,740 0.9
 45,000 (9) Bank of America Corp., 3.846%, 03/08/2037 36,366 0.0
 70,000 (3) BroadStreet Partners, Inc., 5.875%, 04/15/2029 55,270 0.0
 70,000 (3) Burford Capital Global Finance LLC, 6.875%, 04/15/2030 61,189 0.0
 407,000 (9) Capital One Financial Corp., 4.166%, 05/09/2025 396,177 0.2
 510,000 (3),(9) Corebridge Financial, Inc., 6.875%, 12/15/2052 467,856 0.2
 200,000 (3),(10) Credit Bank of Moscow Via CBOM Finance PLC, 3.875%, 09/21/2026 41,225 0.0
 70,000 (3) Cushman & Wakefield US Borrower LLC, 6.750%, 05/15/2028 65,084 0.0
 30,000 (3) Freedom Mortgage Corp., 6.625%, 01/15/2027 21,433 0.0
 40,000 (3) Freedom Mortgage Corp., 8.250%, 04/15/2025 33,127 0.0
 1,595,000 (9) JPMorgan Chase & Co., 4.080%, 04/26/2026 1,536,693 0.6
 368,000 (9) JPMorgan Chase & Co., 5.717%, 09/14/2033 348,524 0.2
 70,000 (3) Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp., 4.750%, 06/15/2029 52,521 0.0
 35,000 (3) Midcap Financial Issuer Trust, 6.500%, 05/01/2028 29,964 0.0
 1,293,000 (9) Morgan Stanley, 2.188%, 04/28/2026 1,186,886 0.5
 1,870,000 (9) Morgan Stanley, 4.679%, 07/17/2026 1,821,856 0.8
 70,000   MPT Operating Partnership L.P. / MPT Finance Corp., 3.500%, 03/15/2031 48,885 0.0
 215,000   Nasdaq, Inc., 3.950%, 03/07/2052 160,332 0.1
 70,000   Navient Corp., 4.875%, 03/15/2028 53,613 0.0
 70,000   OneMain Finance Corp., 6.625%, 01/15/2028 60,222 0.0
 70,000 (3) Realogy Group LLC / Realogy Co-Issuer Corp., 5.750%, 01/15/2029 50,578 0.0
 70,000 (3) RLJ Lodging Trust L.P., 4.000%, 09/15/2029 54,990 0.0
 70,000 (3) United Wholesale Mortgage LLC, 5.750%, 06/15/2027 55,607 0.0
 70,000 (3) Uniti Group L.P. / Uniti Fiber Holdings, Inc. / CSL Capital LLC, 6.000%, 01/15/2030 44,578 0.0
 70,000 (2),(3) VistaJet Malta Finance PLC / XO Management Holding, Inc., 6.375%, 02/01/2030 57,398 0.0
 1,100,000 (9) Wells Fargo & Co., 4.540%, 08/15/2026 1,064,763 0.5
 70,000 (3) XHR L.P., 4.875%, 06/01/2029 57,856 0.0
      11,139,956 4.5
         
    Industrial: 0.7%
 70,000 (3) Brundage-Bone Concrete Pumping Holdings, Inc., 6.000%, 02/01/2026 63,260 0.1
 70,000 (3) Builders FirstSource, Inc., 5.000%, 03/01/2030 59,604 0.0
 70,000 (3) Cargo Aircraft Management, Inc., 4.750%, 02/01/2028 60,408 0.0
 70,000 (3) Cascades, Inc./Cascades USA, Inc., 5.375%, 01/15/2028 59,360 0.0
 152,000   FedEx Corp., 4.100%, 02/01/2045 110,541 0.1

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

Principal
Amount†
    Value Percentage
of Net
Assets
CORPORATE BONDS/NOTES: (continued)  
    Industrial: (continued)
 70,000 (3) Fortress Transportation and Infrastructure Investors LLC, 5.500%, 05/01/2028 $   56,099 0.0
 70,000 (3) GFL Environmental, Inc., 4.000%, 08/01/2028 58,485 0.0
 70,000 (3) Global Infrastructure Solutions, Inc., 5.625%, 06/01/2029 51,931 0.0
 70,000 (3) GrafTech Finance, Inc., 4.625%, 12/15/2028 52,488 0.0
 70,000 (3) Graham Packaging Co., Inc., 7.125%, 08/15/2028 56,363 0.0
 70,000 (3) Granite US Holdings Corp., 11.000%, 10/01/2027 66,118 0.1
 70,000 (3) Imola Merger Corp., 4.750%, 05/15/2029 59,221 0.0
 200,000 (3) Indian Railway Finance Corp. Ltd., 3.570%, 01/21/2032 163,914 0.1
 70,000 (3) Intelligent Packaging Ltd Finco, Inc. / Intelligent Packaging Ltd Co-Issuer LLC, 6.000%, 09/15/2028 55,845 0.0
 70,000 (3) Koppers, Inc., 6.000%, 02/15/2025 62,777 0.1
 225,000 (3) Misc Capital Two Labuan Ltd., 3.750%, 04/06/2027 203,921 0.1
 70,000 (3) New Enterprise Stone & Lime Co., Inc., 9.750%, 07/15/2028 59,177 0.0
 70,000 (3) PGT Innovations, Inc., 4.375%, 10/01/2029 57,552 0.0
 70,000 (3) Roller Bearing Co. of America, Inc., 4.375%, 10/15/2029 59,132 0.0
 70,000 (3) Sensata Technologies, Inc., 3.750%, 02/15/2031 55,287 0.0
 70,000 (3) Standard Industries, Inc./NJ, 3.375%, 01/15/2031 49,378 0.0
 70,000 (3) Stevens Holding Co., Inc., 6.125%, 10/01/2026 68,510 0.1
 65,000   TransDigm, Inc., 5.500%, 11/15/2027 56,678 0.0
 70,000 (3) Weekley Homes LLC / Weekley Finance Corp., 4.875%, 09/15/2028 56,671 0.0
      1,702,720 0.7
         
    Technology: 0.3%
 25,000 (3) Castle US Holding Corp., 9.500%, 02/15/2028 18,556 0.0
 70,000   CDW LLC / CDW Finance Corp., 3.250%, 02/15/2029 56,938 0.0
 70,000 (3) Condor Merger Sub, Inc., 7.375%, 02/15/2030 57,363 0.0
 70,000 (3) Consensus Cloud Solutions, Inc., 6.500%, 10/15/2028 59,553 0.1
 70,000 (3) NCR Corp., 5.125%, 04/15/2029 52,643 0.0
 70,000 (3) Open Text Corp., 3.875%, 02/15/2028 57,987 0.1
 157,000   Oracle Corp., 3.800%, 11/15/2037 114,229 0.1
 85,000   Oracle Corp., 3.950%, 03/25/2051 56,534 0.0
 70,000 (3) Playtika Holding Corp., 4.250%, 03/15/2029 56,075 0.0
 15,000 (3) Rackspace Technology Global, Inc., 5.375%, 12/01/2028 7,078 0.0
 35,000   Seagate HDD Cayman, 4.091%, 06/01/2029 28,148 0.0
 70,000 (3) Veritas US, Inc. / Veritas Bermuda Ltd., 7.500%, 09/01/2025 53,711 0.0
 70,000 (3) Virtusa Corp., 7.125%, 12/15/2028 52,265 0.0
      671,080 0.3
         
    Utilities: 0.9%
 70,000 (3) Clearway Energy Operating LLC, 4.750%, 03/15/2028 62,434 0.0
 338,000 (9) Dominion Energy, Inc., 4.650%, 12/31/2199 299,384 0.1
 129,000 (9) Duke Energy Corp., 4.875%, 12/31/2199 115,938 0.1
 74,000   Duke Energy Florida LLC, 4.200%, 07/15/2048 61,018 0.0
 104,000   Duke Energy Indiana LLC, 3.250%, 10/01/2049 70,812 0.0
 200,000   Inkia Energy Ltd., 5.875%, 11/09/2027 184,429 0.1
 334,000 (9) National Rural Utilities Cooperative Finance Corp., 4.750%, 04/30/2043 303,946 0.1
 275,000 (9) NextEra Energy Capital Holdings, Inc., 5.650%, 05/01/2079 240,164 0.1
 200,000   Perusahaan Listrik Negara PT, 5.450%, 05/21/2028 190,957 0.1
 278,000   South Jersey Industries, Inc., 5.020%, 04/15/2031 226,303 0.1
 275,000 (9) Southern Co/The, 4.000%, 01/15/2051 247,142 0.1
 203,000   Southern Co/The, 4.475%, 08/01/2024 200,616 0.1
 70,000 (3) Vistra Operations Co. LLC, 5.625%, 02/15/2027 65,680 0.0
      2,268,823 0.9
         
  Total Corporate Bonds/Notes    
  (Cost $33,153,078) 28,634,854 11.6

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

Principal
Amount†
    Value Percentage
of Net
Assets
COLLATERALIZED MORTGAGE OBLIGATIONS: 12.7%  
 780,872 (3),(9) Agate Bay Mortgage Trust 2015-1 B4, 3.691%, 01/25/2045 $   715,873 0.3
 254,344 (3),(9) Chase Mortgage Finance Corp. 2016-SH1 M2, 3.750%, 04/25/2045 216,257 0.1
 187,903 (3),(9) CIM Trust 2019-INV2 A3, 4.000%, 05/25/2049 178,243 0.1
 447,690 (3),(9) CIM Trust 2019-J1 B2, 3.948%, 08/25/2049 387,026 0.2
 112,855 (3),(9) CIM Trust 2019-J2 A13, 3.500%, 10/25/2049 101,183 0.0
 443,251 (3) Connecticut Avenue Securities Trust 2020-R02 2M2, 5.084%, (US0001M + 2.000%), 01/25/2040 434,749 0.2
 500,000 (3) Connecticut Avenue Securities Trust 2022-R06 1M2, 6.131%, (SOFR30A + 3.850%), 05/25/2042 474,743 0.2
 800,000 (3) Connecticut Avenue Securities Trust 2022-R07 1M2, 6.955%, (SOFR30A + 4.650%), 06/25/2042 793,500 0.3
 700,000 (3) Connecticut Avenue Securities Trust 2022-R08 1M2, 5.905%, (SOFR30A + 3.600%), 07/25/2042 664,602 0.3
 524,721   Fannie Mae Connecticut Avenue Securities 2018-C06 1M2, 5.084%, (US0001M + 2.000%), 03/25/2031 519,351 0.2
 64,384 (3) Fannie Mae Connecticut Avenue Securities 2019-R02 1M2, 5.384%, (US0001M + 2.300%), 08/25/2031 64,232 0.0
 78,668 (3) Fannie Mae Connecticut Avenue Securities Trust 2018-R07 1M2, 5.484%, (US0001M + 2.400%), 04/25/2031 78,399 0.0
 3,382,051 (11) Fannie Mae Interest Strip Series 367 2, 5.500%, 01/25/2036 651,817 0.3
 896,292 (11) Fannie Mae REMICS 2005-66 LS, 3.546%, (-1.000*US0001M + 6.630%), 07/25/2035 93,363 0.0
 1,235,196 (11) Fannie Mae REMICS 2008-36 YI, 4.116%, (-1.000*US0001M + 7.200%), 07/25/2036 97,529 0.0
 556,886 (11) Fannie Mae REMICS 2010-59 NS, 2.686%, (-1.000*US0001M + 5.770%), 06/25/2040 44,815 0.0
 2,388,438 (11) Fannie Mae REMICS 2012-121 ID, 3.000%, 11/25/2027 114,633 0.1
 3,161,806 (11) Fannie Mae REMICS 2012-144 SC, 3.016%, (-1.000*US0001M + 6.100%), 01/25/2043 364,841 0.2
 1,454,770 (11) Fannie Mae REMICS 2012-151 WS, 3.116%, (-1.000*US0001M + 6.200%), 03/25/2042 100,001 0.0
 2,882,232 (11) Fannie Mae REMICS 2012-35 LS, 3.516%, (-1.000*US0001M + 6.600%), 04/25/2041 184,045 0.1
 4,602,322 (11) Fannie Mae REMICS 2013-130 SB, 2.966%, (-1.000*US0001M + 6.050%), 01/25/2044 447,341 0.2
 2,162,571 (11) Fannie Mae REMICS 2013-20 SK, 3.116%, (-1.000*US0001M + 6.200%), 05/25/2041 82,846 0.0
 2,796,309 (11) Fannie Mae REMICS 2013-71 AI, 3.000%, 07/25/2028 147,025 0.1
 6,257,904 (11) Fannie Mae REMICS 2014-38 S, 3.016%, (-1.000*US0001M + 6.100%), 07/25/2044 664,092 0.3
 866,755 (11) Fannie Mae REMICS 2015-65 KI, 3.916%, (-1.000*US0001M + 7.000%), 08/25/2035 76,040 0.0
 7,085,058 (11) Fannie Mae REMICS 2016-29 SB, 2.966%, (-1.000*US0001M + 6.050%), 05/25/2046 805,444 0.3
 186,865 (11) Fannie Mae REMICS 2018-86 DS, 3.016%, (-1.000*US0001M + 6.100%), 12/25/2048 13,993 0.0
 1,645,005 (11) Fannie Mae REMICS 2019-13 IB, 6.000%, 09/25/2039 350,139 0.1
 3,074,959 (11) Fannie Mae REMICS 2021-56 QI, 4.500%, 09/25/2051 715,886 0.3
 205,150 (3),(9) Flagstar Mortgage Trust 2017-1 1A7, 3.500%, 03/25/2047 185,483 0.1
 835,087 (3),(9) Flagstar Mortgage Trust 2017-1 B3, 3.618%, 03/25/2047 716,017 0.3
 433,354 (3),(9) Flagstar Mortgage Trust 2018-3INV A3, 4.000%, 05/25/2048 404,990 0.2
 875,967 (3),(9) Flagstar Mortgage Trust 2021-2 A4, 2.500%, 04/25/2051 691,136 0.3
 576,140 (3),(9) Flagstar Mortgage Trust 2021-2 B3, 2.785%, 04/25/2051 396,616 0.2
 456,484 (11) Freddie Mac REMICS 3318 KS, 3.592%, (-1.000*US0001M + 6.410%), 05/15/2037 33,010 0.0

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

Principal
Amount†
    Value Percentage
of Net
Assets
COLLATERALIZED MORTGAGE OBLIGATIONS: (continued)  
 615,802 (11) Freddie Mac REMICS 3879 SL, 3.782%, (-1.000*US0001M + 6.600%), 01/15/2041 $   39,905 0.0
 2,587,490 (11) Freddie Mac REMICS 4120 JS, 3.382%, (-1.000*US0001M + 6.200%), 10/15/2032 181,548 0.1
 1,355,305 (11) Freddie Mac REMICS 4141 EI, 3.000%, 09/15/2027 40,412 0.0
 4,070,078 (11) Freddie Mac REMICS 4143 MS, 3.882%, (-1.000*US0001M + 6.700%), 12/15/2042 544,573 0.2
 2,035,733 (11) Freddie Mac REMICS 4153 IB, 2.500%, 01/15/2028 85,146 0.0
 1,538,260 (11) Freddie Mac REMICS 4517 KI, 0.065%, (-0.357*US0001M + 1.071%), 04/15/2043 12,724 0.0
 2,469,660 (11) Freddie Mac REMICS 4596 DI, 3.500%, 06/15/2046 424,503 0.2
 1,462,429 (11) Freddie Mac REMICS 4619 KS, 1.686%, (-1.000*US0001M + 4.250%), 06/15/2039 99,476 0.0
 218,733 (3) Freddie Mac STACR REMIC Trust 2020-HQA1 M2, 4.984%, (US0001M + 1.900%), 01/25/2050 216,152 0.1
 500,000 (3) Freddie Mac STACR REMIC Trust 2021-HQA1 M2, 4.531%, (SOFR30A + 2.250%), 08/25/2033 459,341 0.2
 600,000 (3) Freddie Mac STACR REMIC Trust 2021-HQA4 B1, 6.031%, (SOFR30A + 3.750%), 12/25/2041 528,136 0.2
 1,000,000 (3) Freddie Mac STACR REMIC Trust 2021-HQA4 M2, 4.631%, (SOFR30A + 2.350%), 12/25/2041 853,990 0.3
 400,000 (3) Freddie Mac STACR REMIC Trust 2022-DNA4 M1B, 5.631%, (SOFR30A + 3.350%), 05/25/2042 381,104 0.2
 187,116 (11) Freddie Mac Strips 239 S30, 4.882%, (-1.000*US0001M + 7.700%), 08/15/2036 26,933 0.0
 200,000 (3) Freddie Mac Structured Agency Credit Risk Debt Notes 2022-DNA2 M1B, 4.681%, (SOFR30A + 2.400%), 02/25/2042 186,228 0.1
 1,000,000 (3) Freddie Mac Structured Agency Credit Risk Debt Notes 2022-DNA5 M1B, 6.781%, (SOFR30A + 4.500%), 06/25/2042 1,004,758 0.4
 888,142 (11) Ginnie Mae Series 2013-148 DS, 2.741%, (-1.000*US0001M + 5.680%), 10/16/2043 81,057 0.0
 5,124,201 (11) Ginnie Mae Series 2015-20 CI, 3.500%, 02/20/2030 461,951 0.2
 383,908 (11) Ginnie Mae Series 2015-42 IY, 5.500%, 08/20/2039 33,316 0.0
 5,172,239 (11) Ginnie Mae Series 2019-23 MT, 0.600%, (-1.000*US0001M + 6.700%), 03/20/2042 85,335 0.0
 46,285 (3),(9) GS Mortgage-Backed Securities Corp. Trust 2019-PJ2 A1, 4.000%, 11/25/2049 44,138 0.0
 251,141 (3),(9) GS Mortgage-Backed Securities Trust 2020-NQM1 A2, 1.791%, 09/27/2060 230,978 0.1
 500,000 (3) Home RE 2019-1 M2 Ltd., 6.334%, (US0001M + 3.250%), 05/25/2029 491,465 0.2
 854,916 (3),(9) Hundred Acre Wood Trust 2021-INV1 A27, 2.500%, 07/25/2051 663,881 0.3
 48,471 (3),(9) J.P. Morgan Mortgage Trust 2019-2 A15, 4.000%, 08/25/2049 46,566 0.0
 967,430 (3),(9) J.P. Morgan Mortgage Trust 2022-5 A9, 2.800%, 09/25/2052 780,855 0.3
 424,093 (3),(9) JP Morgan Mortgage Trust 2016-4 A13, 3.500%, 10/25/2046 382,293 0.2
 848,113 (3),(9) JP Morgan Mortgage Trust 2017-5 B2, 3.124%, 10/26/2048 806,083 0.3
 1,079,049 (3),(9) JP Morgan Mortgage Trust 2018-3 B2, 3.715%, 09/25/2048 908,633 0.4
 700,482 (3),(9) JP Morgan Mortgage Trust 2018-4 B2, 3.715%, 10/25/2048 595,968 0.2
 914,341 (3),(9) JP Morgan Mortgage Trust 2018-5 A13, 3.500%, 10/25/2048 796,471 0.3
 135,259 (3),(9) JP Morgan Mortgage Trust 2018-8 A13, 4.000%, 01/25/2049 126,417 0.1
 61,396 (3),(9) JP Morgan Mortgage Trust 2019-1 A3, 4.000%, 05/25/2049 58,094 0.0
 52,328 (3),(9) JP Morgan Mortgage Trust 2019-5 A3, 4.000%, 11/25/2049 50,370 0.0

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

Principal
Amount†
    Value Percentage
of Net
Assets
COLLATERALIZED MORTGAGE OBLIGATIONS: (continued)  
 19,417 (3),(9) JP Morgan Mortgage Trust 2019-8 A15, 3.500%, 03/25/2050 $   17,563 0.0
 938,500 (3),(9) JP Morgan Mortgage Trust 2019-INV1 B2, 4.970%, 10/25/2049 810,459 0.3
 20,700 (3),(9) JP Morgan Mortgage Trust 2019-LTV2 A18, 4.000%, 12/25/2049 20,449 0.0
 565,021 (3),(9) JP Morgan Mortgage Trust 2019-LTV2 B3, 4.704%, 12/25/2049 501,481 0.2
 180,234 (3),(9) JP Morgan Mortgage Trust 2020-3 A15, 3.500%, 08/25/2050 160,544 0.1
 1,000,000 (3),(9) JP Morgan Mortgage Trust 2021-3 A5, 2.500%, 07/25/2051 678,534 0.3
 454,754 (3),(9) Mello Mortgage Capital Acceptance 2018-MTG2 B1, 4.323%, 10/25/2048 394,492 0.2
 120,423 (3),(9) OBX 2019-INV2 A25 Trust, 4.000%, 05/27/2049 113,776 0.0
 400,000 (3),(9) Provident Funding Mortgage Trust 2021-J1 A10, 2.000%, 10/25/2051 251,041 0.1
 479,126 (3),(9) RATE Mortgage Trust 2021-HB1 A31, 2.500%, 12/25/2051 378,029 0.2
 479,799 (3),(9) RCKT Mortgage Trust 2021-1 B3, 2.721%, 03/25/2051 330,569 0.1
 696,597 (3),(9) RCKT Mortgage Trust 2021-4 A21, 2.500%, 09/25/2051 549,613 0.2
 1,094,493 (3),(9) Sequoia Mortgage Trust 2019-2 B2, 4.255%, 06/25/2049 971,254 0.4
 1,096,104 (3),(9) Sequoia Mortgage Trust 2019-2 B3, 4.255%, 06/25/2049 955,595 0.4
 93,030 (3),(9) Sequoia Mortgage Trust 2019-4 A19, 3.500%, 11/25/2049 81,594 0.0
 23,831 (3),(9) Sequoia Mortgage Trust 2019-CH2 A1, 4.500%, 08/25/2049 23,456 0.0
 676,716 (3),(9) Sequoia Mortgage Trust 2021-3 B3, 2.653%, 05/25/2051 449,318 0.2
 719,784 (3),(9) Verus Securitization Trust 2021-3 A1, 1.046%, 06/25/2066 593,058 0.2
 542,488 (3),(9) Wells Fargo Mortgage Backed Securities 2018-1 B3, 3.668%, 07/25/2047 455,182 0.2
         
  Total Collateralized Mortgage Obligations    
  (Cost $38,517,187) 31,474,067 12.7
       
U.S. TREASURY OBLIGATIONS: 3.4%  
    U.S. Treasury Bonds: 0.3%
 761,000   2.875%,05/15/2052 638,408 0.2
 160,000   3.375%,08/15/2042 144,975 0.1
      783,383 0.3
         
    U.S. Treasury Notes: 3.1%
 5,000   2.750%,08/15/2032 4,572 0.0
 779,000   3.125%,08/31/2027 747,353 0.3
 314,000   3.125%,08/31/2029 298,079 0.1
 245,000   3.250%,08/31/2024 240,598 0.1
 3,540,000   3.500%,09/15/2025 3,468,094 1.4
 2,939,000   4.125%,09/30/2027 2,948,873 1.2
      7,707,569 3.1
         
  Total U.S. Treasury Obligations    
  (Cost $8,668,305) 8,490,952 3.4
       
COMMERCIAL MORTGAGE-BACKED SECURITIES: 9.8%  
 650,000 (3) BANK 2017-BNK4 D, 3.357%, 05/15/2050 517,338 0.2
 1,170,000 (3) BANK 2017-BNK8 D, 2.600%, 11/15/2050 825,273 0.3
 4,650,000 (9),(11) BBCMS Trust 2022-C17 XA, 1.152%, 09/15/2055 381,878 0.2
 1,000,000 (3),(9) Benchmark 2018-B3 D Mortgage Trust, 3.187%, 04/10/2051 737,032 0.3
 12,300,637 (9),(11) Benchmark 2019-B10 XA Mortgage Trust, 1.385%, 03/15/2062 659,789 0.3
 5,484,548 (9),(11) Benchmark 2020-B17 XA Mortgage Trust, 1.539%, 03/15/2053 341,138 0.1
 3,238,579 (9),(11) Benchmark 2020-B18 XA Mortgage Trust, 1.915%, 07/15/2053 262,313 0.1
 2,095,518 (9),(11) Benchmark 2021-B24 XA Mortgage Trust, 1.270%, 03/15/2054 131,411 0.1
 204,000 (3),(12) BMD2 Re-Remic Trust 2019-FRR1 3AB, 0.000%, 05/25/2052 134,152 0.1
 16,077,969 (9),(11) Citigroup Commercial Mortgage Trust 2019-C7 XA, 0.996%, 12/15/2072 727,138 0.3
 130,000 (3),(9) COMM 2013-CR10 E Mortgage Trust, 5.031%, 08/10/2046 121,436 0.1
 1,530,000 (9) Commercial Mortgage Pass Through Certificates 2016-CR28 D, 4.008%, 02/10/2049 1,327,372 0.5
 300,000 (3) CSAIL 2020-C19 E Commercial Mortgage Trust, 2.500%, 03/15/2053 187,338 0.1
 560,000 (3) CSWF 2021-SOP2 D, 5.135%, (US0001M + 2.317%), 06/15/2034 521,992 0.2
 17,241 (3),(6) DBUBS 2011-LC2A F Mortgage Trust, 4.000%, (US0001M + 3.650%), 07/10/2044 17,098 0.0

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

Principal
Amount†
    Value Percentage
of Net
Assets
COMMERCIAL MORTGAGE-BACKED SECURITIES: (continued)  
 1,000,000 (3),(9) DBWF 2015-LCM D Mortgage Trust, 3.535%, 06/10/2034 $   772,082 0.3
 1,146,398 (9),(11) Freddie Mac Multiclass Certificates Series 2021-P011 X1, 1.797%, 09/25/2045 149,111 0.1
 1,453,704 (9),(11) Freddie Mac Multifamily Structured Pass Through Certificates K109 X1, 1.699%, 04/25/2030 132,191 0.1
 4,276,070 (9),(11) Freddie Mac Multifamily Structured Pass Through Certificates K-1516 X1, 1.630%, 05/25/2035 563,185 0.2
 1,696,136 (9),(11) Freddie Mac Multifamily Structured Pass Through Certificates K-1521 X1, 1.095%, 08/25/2036 152,012 0.1
 2,837,168 (3),(11) FREMF 2016-K57  X2B Mortgage Trust, 0.100%, 08/25/2049 9,043 0.0
 1,119,480 (3),(12) FREMF 2016-K57 D Mortgage Trust, 0.000%, 08/25/2049 789,361 0.3
 11,726,921 (3),(11) FREMF 2016-K57 X2A Mortgage Trust, 0.100%, 08/25/2049 33,832 0.0
 200,000 (3),(12) FREMF 2019-KG01 C Mortgage Trust, 0.000%, 05/25/2029 115,012 0.1
 2,543,279 (3),(11) FREMF 2019-KG01 X2A Mortgage Trust, 0.100%, 04/25/2029 9,210 0.0
 280,000 (3),(11) FREMF 2019-KG01 X2B Mortgage Trust, 0.100%, 05/25/2029 1,280 0.0
 147,000 (3),(9) GAM RE-REMIC TR 2021-FFR2 BK44, 1.740%, 09/27/2051 127,374 0.1
 166,000 (3),(9) GAM RE-REMIC TR 2021-FFR2 BK78, 2.430%, 09/27/2051 126,264 0.1
 126,000 (3),(12) GAM RE-REMIC TR 2021-FFR2 C730, 0.000%, 09/27/2051 105,418 0.0
 153,000 (3),(12) GAM RE-REMIC TR 2021-FFR2 CK44, 0.000%, 09/27/2051 124,066 0.1
 125,000 (3),(9) GAM RE-REMIC TR 2021-FFR2 CK49, 1.050%, 09/27/2051 102,240 0.0
 106,000 (3),(12) GAM RE-REMIC TR 2021-FFR2 CK78, 0.000%, 09/27/2051 65,029 0.0
 126,000 (3),(12) GAM RE-REMIC TR 2021-FFR2 D730, 0.000%, 09/27/2051 100,818 0.0
 125,000 (3),(12) GAM RE-REMIC TR 2021-FFR2 DK49, 0.000%, 09/27/2051 96,434 0.0
 1,000,000 (3) GAM Re-REMIC Trust 2021-FRR1 1B, 1.050%, 11/29/2050 743,877 0.3
 1,000,000 (3) GAM Re-REMIC Trust 2021-FRR1 2B, 1.320%, 11/29/2050 690,033 0.3
 238,000 (3),(9),(11) GAM Resecuritization Trust 2022-FRR3 BK47, 2.030%, 11/27/2050 183,929 0.1
 163,000 (3),(13) GAM Resecuritization Trust 2022-FRR3 BK61, 0.950%, 01/29/2052 123,241 0.1
 176,000 (3),(13) GAM Resecuritization Trust 2022-FRR3 BK89, 1.480%, 01/27/2052 113,919 0.1
 92,000 (3),(13) GAM Resecuritization Trust 2022-FRR3 C728, 0.530%, 08/27/2050 79,344 0.0
 95,000 (3),(13) GAM Resecuritization Trust 2022-FRR3 CK47, 0.810%, 05/27/2048 77,266 0.0
 113,000 (3),(13) GAM Resecuritization Trust 2022-FRR3 CK61, 1.300%, 11/27/2049 79,310 0.0
 80,000 (3),(9),(11) GAM Resecuritization Trust 2022-FRR3 CK71, 1.410%, 01/29/2052 55,382 0.0
 92,000 (3),(13) GAM Resecuritization Trust 2022-FRR3 CK89, 1.790%, 01/27/2052 54,454 0.0
 92,000 (3),(13) GAM Resecuritization Trust 2022-FRR3 D728, 0.620%, 01/29/2052 76,798 0.0
 125,000 (3),(13) GAM Resecuritization Trust 2022-FRR3 DK27, 0.120%, 12/27/2045 121,472 0.1
 75,000 (3),(13) GAM Resecuritization Trust 2022-FRR3 DK41, 0.730%, 10/27/2047 62,492 0.0
 95,000 (3),(13) GAM Resecuritization Trust 2022-FRR3 DK47, 0.960%, 05/27/2048 74,275 0.0
 31,000 (3),(13) GAM Resecuritization Trust 2022-FRR3 EK27, 0.150%, 12/27/2045 29,942 0.0
 49,000 (3),(13) GAM Resecuritization Trust 2022-FRR3 EK41, 0.720%, 01/29/2052 39,664 0.0
 303,066 (3),(9) GS Mortgage Securities Trust 2012-GCJ7 D, 5.431%, 05/10/2045 274,269 0.1
 13,623,826 (9),(11) GS Mortgage Securities Trust 2019-GC39 XA, 1.283%, 05/10/2052 651,110 0.3
 770,000 (3) JP Morgan Chase Commercial Mortgage Securities Corp. 2021-MHC E, 5.268%, (US0001M + 2.450%), 04/15/2038 726,099 0.3
 200,000 (3),(9) JPMBB Commercial Mortgage Securities Trust 2013-C17 F, 3.867%, 01/15/2047 159,023 0.1
 23,873,404 (9),(11) JPMDB Commercial Mortgage Securities Trust 2018-C8 XA, 0.857%, 06/15/2051 488,658 0.2

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

Principal
Amount†
    Value Percentage
of Net
Assets
COMMERCIAL MORTGAGE-BACKED SECURITIES: (continued)  
 182,000 (3) MF1 Multifamily Housing Mortgage Loan Trust 2021-FL5 D, 5.460%, (TSFR1M + 2.500%), 07/15/2036 $   173,747 0.1
 253,862 (3) Morgan Stanley Capital I Trust 2011-C1 M, 4.193%, 09/15/2047 188,032 0.1
 1,955,000 (3),(9) Morgan Stanley Capital I Trust 2016-BNK2 D, 3.000%, 11/15/2049 1,482,603 0.6
 7,575,202 (9),(11) Morgan Stanley Capital I Trust 2019-L3 XA, 0.760%, 11/15/2052 263,401 0.1
 90,000 (3) RFM Reremic Trust 2022-FRR1 AB55, 0.950%, 03/28/2049 70,007 0.0
 70,000 (3),(9) RFM Reremic Trust 2022-FRR1 AB60, 2.470%, 11/08/2049 58,092 0.0
 110,000 (3),(9) RFM Reremic Trust 2022-FRR1 AB64, 2.314%, 03/01/2050 89,375 0.0
 30,000 (3),(12) RFM Reremic Trust 2022-FRR1 CK55, 0.000%, 03/28/2049 22,253 0.0
 30,000 (3),(12) RFM Reremic Trust 2022-FRR1 CK60, 0.000%, 11/08/2049 21,173 0.0
 30,000 (3),(12) RFM Reremic Trust 2022-FRR1 CK64, 0.000%, 03/01/2050 20,480 0.0
 140,000 (3),(9) UBS-Barclays Commercial Mortgage Trust 2012-C4 D, 4.651%, 12/10/2045 135,384 0.1
 835,531 (3),(9) WFRBS Commercial Mortgage Trust 2011-C5 E, 5.704%, 11/15/2044 833,025 0.3
 2,210,000 (3) WFRBS Commercial Mortgage Trust 2013-C12 E, 3.500%, 03/15/2048 2,068,545 0.8
 1,750,000 (3),(9) WFRBS Commercial Mortgage Trust 2013-C14 D, 4.090%, 06/15/2046 1,506,400 0.6
 1,920,000 (9) WFRBS Commercial Mortgage Trust 2014-C19 C, 4.646%, 03/15/2047 1,826,056 0.7
         
  Total Commercial Mortgage-Backed Securities    
  (Cost $26,269,877) 24,129,790 9.8
       
ASSET-BACKED SECURITIES: 8.6%  
    Automobile Asset-Backed Securities: 1.2%
 300,000   Americredit Automobile Receivables Trust 2018-2 D, 4.010%, 07/18/2024 299,210 0.1
 450,000   Americredit Automobile Receivables Trust 2019-2 D, 2.990%, 06/18/2025 438,665 0.2
 1,200,000   Carmax Auto Owner Trust 2019-3 D, 2.850%, 01/15/2026 1,171,026 0.5
 400,000   GM Financial Automobile Leasing Trust 2022-3 C, 5.130%, 08/20/2026 391,626 0.1
 500,000   GM Financial Consumer Automobile Receivables Trust 2019-3 C, 2.620%, 01/16/2025 494,374 0.2
 186,393   Santander Drive Auto Receivables Trust 2019-1 D, 3.650%, 04/15/2025 186,437 0.1
      2,981,338 1.2
         
    Home Equity Asset-Backed Securities: 0.2%
 532,641 (3),(9) ACE Securities Corp. Mortgage Loan Trust Series 2007-D1 A2, 6.336%, 02/25/2038 433,338 0.2
         
    Other Asset-Backed Securities: 7.0%
 396,000 (3) Applebee's Funding LLC / IHOP Funding LLC 2019-1A A2I, 4.194%, 06/05/2049 376,448 0.2
 148,500 (3) Applebee's Funding LLC / IHOP Funding LLC 2019-1A A2II, 4.723%, 06/05/2049 138,662 0.1
 250,000 (3) Arbor Realty Commercial Real Estate Notes 2021-FL4 D Ltd., 5.718%, (US0001M + 2.900%), 11/15/2036 237,475 0.1
 300,000 (3) Babson CLO Ltd. 2018-3A C, 4.610%, (US0003M + 1.900%), 07/20/2029 284,546 0.1
 750,000 (3) Benefit Street Partners CLO II Ltd. 2013-IIA BR2, 4.412%, (US0003M + 1.900%), 07/15/2029 710,240 0.3
 400,000 (3) Benefit Street Partners CLO Ltd. 2021-23A C, 4.983%, (US0003M + 2.200%), 04/25/2034 362,534 0.1
 250,000 (3) BlueMountain CLO Ltd. 2021-28A C, 4.512%, (US0003M + 2.000%), 04/15/2034 224,792 0.1
 593,863 (3) Domino's Pizza Master Issuer LLC 2018-1A A2I, 4.116%, 07/25/2048 561,029 0.2
 1,000,000 (3) Dryden Senior Loan Fund 2021-87A C, 4.884%, (US0003M + 1.900%), 05/20/2034 902,745 0.4
 380,877 (3) J.G. Wentworth XXXVIII LLC 2017-1A A, 3.990%, 08/16/2060 337,212 0.1
 750,000 (3) LCM XV L.P. 15A CR, 5.110%, (US0003M + 2.400%), 07/20/2030 701,926 0.3

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

Principal
Amount†
    Value Percentage
of Net
Assets
ASSET-BACKED SECURITIES: (continued)  
    Other Asset-Backed Securities: (continued)
 750,000 (3) LCM XXII Ltd. 22A BR, 4.710%, (US0003M + 2.000%), 10/20/2028 $   697,787 0.3
 950,000 (3) Magnetite XXVI Ltd. 2020-26A CR, 4.683%, (US0003M + 1.900%), 07/25/2034 861,453 0.3
 350,000 (3) Marlette Funding Trust 2022-3A A, 5.180%, 11/15/2032 348,654 0.1
 321,638 (3) Mill City Solar Loan 2019-2GS A Ltd., 3.690%, 07/20/2043 292,877 0.1
 491,555 (3) Mosaic Solar Loans 2017-2A A LLC, 3.820%, 06/22/2043 453,778 0.2
 750,000 (3) Neuberger Berman CLO XVII Ltd. 2014-17A CR2, 4.759%, (US0003M + 2.000%), 04/22/2029 698,985 0.3
 1,000,000 (3) Neuberger Berman Loan Advisers CLO 25 Ltd. 2017-25A CR, 4.490%, (US0003M + 1.750%), 10/18/2029 931,957 0.4
 750,000 (3) Neuberger Berman Loan Advisers CLO 33 Ltd. 2019-33A CR, 4.640%, (US0003M + 1.900%), 10/16/2033 690,393 0.3
 500,000 (3) NYACK Park CLO Ltd. 2021-1A C, 4.660%, (US0003M + 1.950%), 10/20/2034 448,520 0.2
 250,000 (3) Oak Hill Credit Partners 2021-8A C, 4.640%, (US0003M + 1.900%), 01/18/2034 227,628 0.1
 580,000 (3) Octagon Investment Partners 31 Ltd. 2017-1A CR, 4.760%, (US0003M + 2.050%), 07/20/2030 544,763 0.2
 250,000 (3) Octagon Loan Funding Ltd. 2014-1A CRR, 5.161%, (US0003M + 2.200%), 11/18/2031 225,076 0.1
 550,000 (3) Shackleton 2019-15A CR CLO Ltd., 4.662%, (US0003M + 2.150%), 01/15/2032 503,964 0.2
 500,000 (3) Silver Creek CLO Ltd. 2014-1A CR, 5.010%, (US0003M + 2.300%), 07/20/2030 471,684 0.2
 102,477 (3) SoFi Consumer Loan Program 2019-4 C Trust, 2.840%, 08/25/2028 102,013 0.0
 100,000 (3) SoFi Consumer Loan Program 2019-4 D Trust, 3.480%, 08/25/2028 99,342 0.0
 400,000 (3) SoFi Consumer Loan Program 2020-1 C Trust, 2.500%, 01/25/2029 395,227 0.2
 395,629 (3) Sunnova Helios IX Issuer LLC 2022-B A, 5.000%, 08/20/2049 375,164 0.1
 307,245 (3) Sunrun Xanadu Issuer 2019-1A A LLC, 3.980%, 06/30/2054 279,941 0.1
 600,000 (3) THL Credit Wind River 2017-3A CR Clo Ltd., 5.012%, (US0003M + 2.500%), 04/15/2035 552,970 0.2
 2,000,000 (3),(9) Towd Point Mortgage Trust 2015-4 M2, 3.750%, 04/25/2055 1,973,231 0.8
 180,000 (3),(9) Towd Point Mortgage Trust 2015-6 M2, 3.750%, 04/25/2055 168,144 0.1
 1,143,000 (3) Wendy's Funding LLC 2018-1A A2II, 3.884%, 03/15/2048 1,020,161 0.4
 228,125 (3) Wendy's Funding LLC 2019-1A A2I, 3.783%, 06/15/2049 209,924 0.1
      17,411,245 7.0
         
    Student Loan Asset-Backed Securities: 0.2%
 600,000 (3) Sofi Professional Loan Program 2019-C BFX LLC, 3.050%, 11/16/2048 517,388 0.2
         
  Total Asset-Backed Securities    
  (Cost $22,856,270) 21,343,309 8.6
       
SOVEREIGN BONDS: 0.5%  
 275,000   Chile Government International Bond, 2.450%, 01/31/2031 220,666 0.1
 250,000   Colombia Government International Bond, 3.875%, 04/25/2027 212,597 0.1
 200,000   Mexico Government International Bond, 4.500%, 04/22/2029 185,334 0.1
 250,000   Republic of South Africa Government International Bond, 4.850%, 09/30/2029 207,238 0.1
 250,000 (3) Romanian Government International Bond, 3.625%, 03/27/2032 181,282 0.1
 200,000 (10) Russian Foreign Bond - Eurobond, 4.375%, 03/21/2029 90,000 0.0
 350,000 (10) Ukraine Government International Bond, 7.750%, 09/01/2027 72,625 0.0
         
  Total Sovereign Bonds    
  (Cost $1,823,474) 1,169,742 0.5

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

Principal
Amount†
    Value Percentage
of Net
Assets
U.S. GOVERNMENT AGENCY OBLIGATIONS: 0.1%    
    Uniform Mortgage-Backed Security: 0.1%
200,000 (14) 4.500%,10/15/2052 $   190,578   0.1
           
  Total U.S. Government Agency Obligations      
  (Cost $199,141) 190,578   0.1
         
      Value Percentage
of Net
Assets
PURCHASED OPTIONS (15): 0.1%
  Total Purchased Options      
  (Cost $182,214) 278,093   0.1
         
  Total Long-Term Investments      
  (Cost $273,016,982) 240,113,457   97.3
         
Principal
Amount†
    Value Percentage
of Net
Assets
SHORT-TERM INVESTMENTS: 1.2%
    Repurchase Agreements: 1.2%
  1,000,000 (16) Jefferies LLC, Repurchase Agreement dated 09/30/22, 3.08%, due 10/03/22 (Repurchase Amount $1,000,253, collateralized by various U.S. Government Agency Obligations, 0.000%-6.625%, Market Value plus accrued interest $1,020,001, due 12/15/22-11/15/30) 1,000,000   0.4
  990,908 (16) MUFG Securities America Inc., Repurchase Agreement dated 09/30/22, 3.05%, due 10/03/22 (Repurchase Amount $991,156, collateralized by various U.S. Government Agency Obligations, 2.000%-5.000%, Market Value plus accrued interest $1,010,726, due 09/01/28-09/01/52) 990,908   0.4
  1,000,000 (16) RBC Dominion Securities Inc., Repurchase Agreement dated 09/30/22, 3.04%, due 10/03/22 (Repurchase Amount $1,000,250, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.000%, Market Value plus accrued interest $1,020,000, due 08/15/25-08/20/52) 1,000,000   0.4
         
  Total Repurchase Agreements      
         
  Total Short-Term Investments      
  (Cost $2,990,908) $   2,990,908   1.2
         
  Total Investments in Securities
(Cost $276,007,890)
$   243,104,365   98.5
  Assets in Excess of Other Liabilities 3,644,688   1.5
  Net Assets $   246,749,053   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) Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers.
(4) Preferred Stock may be called prior to convertible date.
(5) Represents an escrow position for future entitlements, if any, on the defaulted bond. The escrow position was received in exchange for the defaulted bond as part of the bankruptcy reorganization of the bond issuer.  These holdings are non-income producing.
(6) For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs.
(7) Restricted security as to resale, excluding Rule 144A securities. As of September 30, 2022, the Portfolio held restricted securities with a fair value of $– or 0.0% of net assets. Please refer to the table below for additional details.
(8) All or a portion of this security is payment-in-kind ("PIK") which may pay interest or additional principal at the issuer's discretion. Rates shown are the current rate and possible payment rates.
(9) Variable rate security. Rate shown is the rate in effect as of September 30, 2022.
(10) Defaulted security.
(11) Interest only securities represent the right to receive the monthly interest payments on an underlying pool of mortgage loans. Principal amount shown represents the notional amount on which current interest is calculated. Payments of principal on the pool reduce the value of the interest only security.
(12) Principal only securities represent the right to receive the monthly principal payments on an underlying pool of mortgage loans. No payments of interest on the pool are passed through the principal only security.
(13) Represents a zero coupon bond. Rate shown reflects the effective yield as of September 30, 2022.
(14) Represents or includes a TBA transaction.
(15) The tables within the Portfolio of Investments detail open purchased options which are non-income producing securities.
(16) All or a portion of the security represents securities purchased with cash collateral received for securities on loan.

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

Reference Rate Abbreviations:
SOFR30A 30-day Secured Overnight Financing Rate
TSFR1M 1-month CME Term Secured Overnight Financing Rate
US0001M 1-month LIBOR
US0003M 3-month LIBOR

 

Fair Value Measurements

 

The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 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,
2022
 
Asset Table                    
Investments, at fair value                    
Common Stock                    
  Communication Services  $5,272,293   $817,422   $   $6,089,715 
  Consumer Discretionary   8,924,490    565,950        9,490,440 
  Consumer Staples   5,903,254    952,195        6,855,449 
  Energy   3,989,948    903,620        4,893,568 
  Financials   9,192,954    2,917,304        12,110,258 
  Health Care   13,880,927    1,133,345        15,014,272 
  Industrials   6,825,311    1,301,436        8,126,747 
  Information Technology   24,447,849    148,535        24,596,384 
  Materials   1,755,742    913,811        2,669,553 
  Real Estate   3,317,140    392,377        3,709,517 
  Utilities   2,854,411    723,108        3,577,519 
Total Common Stock   86,364,319    10,769,103        97,133,422 
Exchange-Traded Funds   415,835            415,835 
Mutual Funds   26,294,497            26,294,497 
Preferred Stock       558,318        558,318 
Purchased Options       278,093        278,093 
Corporate Bonds/Notes       28,634,854        28,634,854 
Collateralized Mortgage Obligations       31,474,067        31,474,067 
Asset-Backed Securities       21,343,309        21,343,309 
U.S. Government Agency Obligations       190,578        190,578 
Commercial Mortgage-Backed Securities       24,112,692    17,098    24,129,790 
Sovereign Bonds       1,169,742        1,169,742 
Other                
U.S. Treasury Obligations       8,490,952        8,490,952 
Short-Term Investments       2,990,908        2,990,908 
Total Investments, at fair value  $113,074,651   $130,012,616   $17,098   $243,104,365 
Other Financial Instruments+                    
Centrally Cleared Swaps       156,394        156,394 
Forward Foreign Currency Contracts       3,824,494        3,824,494 
Forward Premium Swaptions       115,121        115,121 
Futures   1,891,620            1,891,620 
Total Assets  $114,966,271   $134,108,625   $17,098   $249,091,994 
Liabilities Table                    
Other Financial Instruments+                    
Centrally Cleared Swaps  $   $(222,218)  $   $(222,218)
Forward Foreign Currency Contracts       (3,853,656)       (3,853,656)
Forward Premium Swaptions       (164,791)       (164,791)
Futures   (2,629,958)           (2,629,958)
Written Options       (725,776)       (725,776)
Total Liabilities  $(2,629,958)  $(4,966,441)  $   $(7,596,399)

 

+ 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.

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

# The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Portfolio may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Portfolio's investments are categorized as Level 2 investments.

 

Transactions with Affiliates

 

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control 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, 2022, where the following issuers were considered an affiliate:

 

Issuer  Beginning
Fair Value
at 12/31/2021
   Purchases
at Cost
   Sales
at Cost
   Change in
Unrealized
Appreciation/
(Depreciation)
   Ending
Fair Value at
9/30/2022
   Investment
Income
   Realized
Gains/(Losses)
   Net Capital
Gain
Distributions
 
Voya Emerging Markets Hard Currency Debt Fund - Class P  $2,012,032   $58,968   $-   $(535,351)  $1,535,649   $66,454   $-   $              - 
Voya Floating Rate Fund - Class P   28,239,002    684,036    (9,781,548)   (1,165,335)   17,976,155    785,987    (781,540)   - 
Voya High Yield Bond Fund - Class P   2,391,021    9,290,253    (3,638,502)   (1,260,078)   6,782,693    330,052    (238,502)   - 
   $32,642,055   $10,033,257   $(13,420,050)  $(2,960,764)  $26,294,497   $1,182,493   $(1,020,042)  $- 

 

The financial statements for the above mutual fund[s] can be found at www.sec.gov.

 

At September 30, 2022, Voya Balanced Income Portfolio held the following restricted securities:

 

Security  Acquisition Date   Acquisition Cost    Fair Value
General Motors Co. Escrow  11/24/2020  $   $
      $   $

 

At September 30, 2022, the following forward foreign currency contracts were outstanding for Voya Balanced Income Portfolio:

 

Currency Purchased  Currency Sold  Counterparty  Settlement Date  Unrealized
Appreciation
(Depreciation)
 
EUR 412,699  USD 408,082  Bank of America N.A.  10/07/22  $(3,531)
NZD 1,661,653  USD 1,022,523  Bank of America N.A.  10/07/22   (92,571)
USD 1,909,992  NZD 2,961,549  Bank of America N.A.  10/07/22   252,547 
USD 177,417  CAD 230,529  Bank of America N.A.  10/07/22   10,532 
NZD 853,752  USD 524,268  Bank of America N.A.  10/07/22   (46,461)
USD 767,134  CHF 739,016  Bank of America N.A.  10/07/22   17,952 
USD 366,328  CHF 353,384  Bank of America N.A.  10/07/22   8,083 
CHF 815,980  USD 836,165  Bank of America N.A.  10/07/22   (8,961)
USD 1,043,293  SEK 11,170,955  Bank of America N.A.  10/07/22   36,550 
USD 1,468,655  CAD 1,895,623  Bank of America N.A.  10/07/22   96,370 
USD 727,360  GBP 629,466  Bank of America N.A.  10/07/22   24,486 
USD 639,549  NZD 1,136,119  Bank of America N.A.  10/07/22   3,715 
JPY 120,048,912  USD 880,705  Bank of America N.A.  10/07/22   (50,998)
USD 331,668  EUR 324,679  Bank of America N.A.  10/07/22   13,399 
GBP 588,345  USD 696,842  Bank of America N.A.  10/07/22   (39,884)
EUR 1,051,034  USD 1,064,760  Bank of America N.A.  10/07/22   (34,478)
JPY 191,780,495  USD 1,325,082  Bank of America N.A.  10/07/22   390 
NOK 6,460,516  USD 665,540  Bank of America N.A.  10/07/22   (72,194)
USD 238,033  EUR 241,780  Bank of America N.A.  10/07/22   1,026 
CHF 932,925  USD 952,868  Bank of America N.A.  10/07/22   (7,111)
JPY 109,276,040  USD 790,364  BNP Paribas  10/07/22   (35,113)
USD 1,855,382  JPY 251,160,237  BNP Paribas  10/07/22   119,512 
SEK 17,626,730  USD 1,683,206  BNP Paribas  10/07/22   (94,658)
CHF 423,565  USD 444,785  BNP Paribas  10/07/22   (15,394)
USD 706,028  NOK 6,936,148  BNP Paribas  10/07/22   68,998 
USD 820,591  JPY 111,877,018  BNP Paribas  10/07/22   47,364 
NZD 1,330,738  USD 820,929  BNP Paribas  10/07/22   (76,175)
USD 550,247  EUR 550,458  BNP Paribas  10/07/22   10,657 
EUR 186,309  USD 187,917  BNP Paribas  10/07/22   (5,286)
USD 1,705,574  GBP 1,450,787  BNP Paribas  10/07/22   85,595 
CHF 1,042,175  USD 1,079,212  BNP Paribas  10/07/22   (22,701)
USD 1,422,701  EUR 1,424,340  BNP Paribas  10/07/22   26,483 
USD 1,317,392  SEK 13,414,256  BNP Paribas  10/07/22   108,479 
NZD 2,936,885  USD 1,843,498  BNP Paribas  10/07/22   (199,857)
USD 513,850  JPY 73,091,485  BNP Paribas  10/07/22   8,686 
USD 2,100,959  CAD 2,807,791  BNP Paribas  10/07/22   68,334 
JPY 99,458,831  USD 695,317  BNP Paribas  10/07/22   (7,916)
JPY 98,150,140  USD 681,097  BNP Paribas  10/07/22   (2,741)
NOK 12,592,677  USD 1,211,032  BNP Paribas  10/07/22   (54,496)
USD 1,178,958  NOK 12,511,007  BNP Paribas  10/07/22   29,922 
USD 1,321,472  CHF 1,312,125  BNP Paribas  10/07/22   (8,703)
USD 650,034  SEK 7,020,303  BNP Paribas  10/07/22   17,354 
NZD 1,090,975  USD 649,584  BNP Paribas  10/07/22   (39,015)
SEK 13,180,063  USD 1,162,358  BNP Paribas  10/07/22   25,449 

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

USD 1,250,799  AUD 1,918,753  BNP Paribas  10/07/22  $23,419 
USD 1,374,531  AUD 2,066,589  BNP Paribas  10/07/22   52,584 
USD 807,292  JPY 116,184,295  BNP Paribas  10/07/22   4,295 
USD 557,790  CHF 537,047  BNP Paribas  10/07/22   13,356 
EUR 360,486  USD 353,292  BNP Paribas  10/07/22   77 
CAD 686,864  USD 534,621  BNP Paribas  10/07/22   (37,384)
NZD 1,458,996  USD 928,242  BNP Paribas  10/07/22   (111,708)
USD 762,231  NZD 1,242,519  BNP Paribas  10/07/22   66,850 
NOK 6,558,625  USD 669,194  BNP Paribas  10/07/22   (66,837)
USD 651,641  NOK 6,551,562  BNP Paribas  10/07/22   49,933 
USD 742,372  AUD 1,093,396  BNP Paribas  10/07/22   42,953 
USD 1,581,590  JPY 221,093,827  BNP Paribas  10/07/22   53,521 
JPY 109,501,145  USD 784,006  BNP Paribas  10/07/22   (27,199)
USD 2,389,209  CAD 3,137,606  BNP Paribas  10/07/22   117,824 
USD 649,796  CHF 636,208  BNP Paribas  10/07/22   4,837 
USD 394,105  EUR 394,028  BNP Paribas  10/07/22   7,856 
NZD 1,239,959  USD 753,266  BNP Paribas  10/07/22   (59,317)
CHF 634,927  USD 646,320  BNP Paribas  10/07/22   (2,659)
JPY 76,982,008  USD 535,963  BNP Paribas  10/07/22   (3,909)
GBP 807,849  USD 977,952  BNP Paribas  10/07/22   (75,890)
CAD 1,597,436  USD 1,215,794  BNP Paribas  10/07/22   (59,373)
USD 717,485  SEK 7,739,201  BNP Paribas  10/07/22   20,016 
AUD 1,732,291  USD 1,125,091  BNP Paribas  10/07/22   (16,987)
USD 1,250,836  CAD 1,629,239  BNP Paribas  10/07/22   71,392 
USD 1,614,913  JPY 223,404,618  BNP Paribas  10/07/22   70,873 
USD 122,745  SEK 1,250,049  BNP Paribas  10/07/22   10,089 
NOK 6,991,163  USD 730,216  BNP Paribas  10/07/22   (88,134)
GBP 1,875,757  USD 2,280,142  BNP Paribas  10/07/22   (185,631)
EUR 833,186  USD 858,597  BNP Paribas  10/07/22   (41,862)
CAD 1,887,902  USD 1,475,394  BNP Paribas  10/07/22   (108,699)
USD 852,511  NOK 8,272,789  BNP Paribas  10/07/22   92,722 
EUR 289,307  USD 294,892  BNP Paribas  10/07/22   (11,297)
USD 1,144,650  CHF 1,083,606  BNP Paribas  10/07/22   46,138 
SEK 15,009,842  USD 1,431,753  BNP Paribas  10/07/22   (79,044)
JPY 109,925,882  USD 776,140  BNP Paribas  10/07/22   (16,398)
USD 1  CAD 1  Brown Brothers Harriman & Co.  10/07/22    
USD 1,002,380  CHF 961,674  Brown Brothers Harriman & Co.  10/07/22   27,478 
USD 1,058,214  CAD 1,392,234  Brown Brothers Harriman & Co.  10/07/22   50,344 
USD 8  EUR 8  Brown Brothers Harriman & Co.  10/07/22    
EUR 364,267  USD 365,264  Citibank N.A.  10/07/22   (8,189)
JPY 102,088,331  USD 707,266  Citibank N.A.  10/07/22   (1,692)
USD 0  SEK 1  Citibank N.A.  10/07/22    
USD 284,821  JPY 40,855,572  Goldman Sachs International  10/07/22   2,452 
EUR 1,706,694  USD 1,704,108  Goldman Sachs International  10/07/22   (31,111)
JPY 128,738,285  USD 903,706  Goldman Sachs International  10/07/22   (13,943)
USD 824,333  EUR 823,427  Goldman Sachs International  10/07/22   17,163 
USD 420,125  EUR 419,957  Goldman Sachs International  10/07/22   8,460 
USD 692,265  SEK 7,388,885  Goldman Sachs International  10/07/22   26,367 
CAD 1,543,362  USD 1,172,135  Goldman Sachs International  10/07/22   (54,860)
USD 844,661  EUR 846,324  Goldman Sachs International  10/07/22   15,047 
GBP 1,297,783  USD 1,495,033  Goldman Sachs International  10/07/22   (45,901)
NOK 6,710,030  USD 665,024  Goldman Sachs International  10/07/22   (48,762)
AUD 1,141,562  USD 785,008  Goldman Sachs International  10/07/22   (54,779)
NOK 8,226,094  USD 852,639  Goldman Sachs International  10/07/22   (97,139)
NOK 6,598,577  USD 610,578  Goldman Sachs International  10/07/22   (4,552)
USD 1,348,834  EUR 1,405,299  Goldman Sachs International  10/07/22   (28,719)
CAD 327,016  USD 237,972  Goldman Sachs International  10/07/22   (1,238)
USD 614,970  NOK 6,301,969  Goldman Sachs International  10/07/22   36,185 
NOK 4,942,454  USD 457,177  Goldman Sachs International  10/07/22   (3,253)
USD 965,787  GBP 816,561  Goldman Sachs International  10/07/22   53,998 
USD 685,498  SEK 7,249,825  Goldman Sachs International  10/07/22   32,133 
JPY 42,063,419  USD 291,916  Goldman Sachs International  10/07/22   (1,198)
USD 1,222,213  JPY 176,574,287  Goldman Sachs International  10/07/22   1,836 
CAD 2,161,555  USD 1,587,920  Goldman Sachs International  10/07/22   (23,120)
USD 789,024  CHF 770,967  Goldman Sachs International  10/07/22   7,452 
JPY 179,805,560  USD 1,255,915  Goldman Sachs International  10/07/22   (13,206)
GBP 133,990  USD 158,647  Goldman Sachs International  10/07/22   (9,031)
CHF 1,809,569  USD 1,879,525  Goldman Sachs International  10/07/22   (45,064)
USD 400,602  EUR 400,127  Goldman Sachs International  10/07/22   8,375 
JPY 224,690,921  USD 1,641,194  Goldman Sachs International  10/07/22   (88,264)

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

USD 1,335,873  NOK 13,027,031  Goldman Sachs International  10/07/22  $139,445 
NZD 966,959  USD 554,263  Goldman Sachs International  10/07/22   (13,099)
USD 491,210  EUR 496,380  Goldman Sachs International  10/07/22   4,630 
CHF 1,230,090  USD 1,304,858  Goldman Sachs International  10/07/22   (57,848)
USD 830,754  EUR 829,154  Goldman Sachs International  10/07/22   17,971 
AUD 2,000,959  USD 1,339,852  Morgan Stanley  10/07/22   (59,887)
SEK 3,403,373  USD 318,106  Morgan Stanley Capital Services LLC  10/07/22   (11,389)
AUD 1,116,832  USD 752,549  Morgan Stanley Capital Services LLC  10/07/22   (38,139)
AUD 2,129,569  USD 1,415,995  Morgan Stanley Capital Services LLC  10/07/22   (53,761)
USD 1,938,792  CHF 1,895,517  Morgan Stanley Capital Services LLC  10/07/22   17,200 
AUD 2,285,586  USD 1,578,654  Morgan Stanley Capital Services LLC  10/07/22   (116,620)
SEK 15,455,428  USD 1,436,245  Morgan Stanley Capital Services LLC  10/07/22   (43,378)
USD 724,839  SEK 7,724,090  Morgan Stanley Capital Services LLC  10/07/22   28,733 
USD 788,973  NZD 1,268,072  Morgan Stanley Capital Services LLC  10/07/22   79,290 
USD 468,852  EUR 472,752  Morgan Stanley Capital Services LLC  10/07/22   5,434 
CHF 1,468,425  USD 1,495,349  Morgan Stanley Capital Services LLC  10/07/22   (6,726)
EUR 892,934  USD 898,109  Morgan Stanley Capital Services LLC  10/07/22   (22,805)
USD 1,885,553  AUD 2,645,052  Morgan Stanley Capital Services LLC  10/07/22   193,577 
SEK 6,564,430  USD 621,232  Morgan Stanley Capital Services LLC  10/07/22   (29,636)
USD 2,121,211  EUR 2,190,631  Morgan Stanley Capital Services LLC  10/07/22   (26,168)
JPY 257,572,716  USD 1,937,925  Morgan Stanley Capital Services LLC  10/07/22   (157,736)
GBP 626,309  USD 720,699  Morgan Stanley Capital Services LLC  10/07/22   (21,349)
USD 727,604  SEK 7,724,000  Morgan Stanley Capital Services LLC  10/07/22   31,506 
USD 1,060,525  SEK 11,846,121  Morgan Stanley Capital Services LLC  10/07/22   (7,065)
USD 1,510,525  NZD 2,502,240  Morgan Stanley Capital Services LLC  10/07/22   110,134 
CAD 1,052,975  USD 815,985  Morgan Stanley Capital Services LLC  10/07/22   (53,713)
NZD 1,291,085  USD 773,579  Morgan Stanley Capital Services LLC  10/07/22   (51,018)
USD 437,636  EUR 455,152  Morgan Stanley Capital Services LLC  10/07/22   (8,530)
USD 711,079  GBP 618,018  Morgan Stanley Capital Services LLC  10/07/22   20,987 
CAD 1,425,857  USD 1,075,141  Morgan Stanley Capital Services LLC  10/07/22   (42,930)
GBP 737,909  USD 860,926  Morgan Stanley Capital Services LLC  10/07/22   (36,961)
EUR 1,307,832  USD 1,305,201  Morgan Stanley Capital Services LLC  10/07/22   (23,191)
USD 1,114,791  GBP 923,723  Morgan Stanley Capital Services LLC  10/07/22   83,343 
USD 1,334,698  CAD 1,726,855  Morgan Stanley Capital Services LLC  10/07/22   84,588 
AUD 1,316,352  USD 925,414  Morgan Stanley Capital Services LLC  10/07/22   (83,375)
GBP 629,107  USD 719,283  Morgan Stanley Capital Services LLC  10/07/22   (16,809)
CAD 1,610,503  USD 1,229,693  Morgan Stanley Capital Services LLC  10/07/22   (63,813)
USD 843,826  NZD 1,331,697  Morgan Stanley Capital Services LLC  10/07/22   98,535 
USD 997,217  NOK 10,642,696  Morgan Stanley Capital Services LLC  10/07/22   19,771 
USD 927,810  AUD 1,318,741  Morgan Stanley Capital Services LLC  10/07/22   84,243 
USD 1,200,351  JPY 171,039,753  Morgan Stanley Capital Services LLC  10/07/22   18,226 
USD 129,726  JPY 18,464,920  Morgan Stanley Capital Services LLC  10/07/22   2,108 
CAD 1,617,470  USD 1,250,060  Morgan Stanley Capital Services LLC  10/07/22   (79,136)
USD 924,307  NZD 1,436,336  Standard Chartered Bank  10/07/22   120,455 
USD 163,922  JPY 23,375,589  Standard Chartered Bank  10/07/22   2,363 
USD 467,348  EUR 464,576  Standard Chartered Bank  10/07/22   11,945 
AUD 1,337,608  USD 950,964  Standard Chartered Bank  10/07/22   (95,328)
USD 930,884  JPY 134,205,516  Standard Chartered Bank  10/07/22   3,335 
USD 943,194  JPY 125,524,000  Standard Chartered Bank  10/07/22   75,647 
CHF 290  USD 309  Standard Chartered Bank  10/07/22   (15)
EUR 368,899  USD 369,216  Standard Chartered Bank  10/07/22   (7,601)
USD 210,918  EUR 205,012  Standard Chartered Bank  10/07/22   9,953 
USD 718,547  GBP 661,201  Standard Chartered Bank  10/07/22   (19,764)
EUR 198,717  USD 198,467  Standard Chartered Bank  10/07/22   (3,674)
USD 1,147,867  EUR 1,124,642  State Street Bank and Trust Co.  10/07/22   45,430 
USD 1,298,042  CHF 1,232,754  State Street Bank and Trust Co.  10/07/22   48,331 
USD 434,912  EUR 454,767  State Street Bank and Trust Co.  10/07/22   (10,876)
SEK 5,475,005  USD 527,949  State Street Bank and Trust Co.  10/07/22   (34,534)
AUD 175,657  USD 122,190  State Street Bank and Trust Co.  10/07/22   (9,826)
USD 171,250  EUR 171,371  State Street Bank and Trust Co.  10/07/22   3,262 
EUR 422,063  USD 420,125  State Street Bank and Trust Co.  10/07/22   (6,395)
EUR 717,788  USD 690,892  State Street Bank and Trust Co.  10/07/22   12,724 
EUR 387,891  USD 377,819  State Street Bank and Trust Co.  10/07/22   2,414 
EUR 913,274  USD 885,512  State Street Bank and Trust Co.  10/07/22   9,730 
USD 768,773  GBP 666,864  State Street Bank and Trust Co.  10/07/22   24,139 
USD 685,678  AUD 1,021,754  State Street Bank and Trust Co.  10/07/22   32,087 
USD 881,154  JPY 126,460,683  State Street Bank and Trust Co.  10/07/22   7,133 
USD 786,309  AUD 1,126,578  State Street Bank and Trust Co.  10/07/22   65,664 
USD 291,881  CHF 280,303  State Street Bank and Trust Co.  10/07/22   7,723 
USD 394,258  EUR 391,173  State Street Bank and Trust Co.  10/07/22   10,809 

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

EUR 393,354  USD 393,980  State Street Bank and Trust Co.  10/07/22  $(8,392)
USD 801,230  AUD 1,167,791  State Street Bank and Trust Co.  10/07/22   54,222 
EUR 886,545  USD 888,529  State Street Bank and Trust Co.  10/07/22   (19,488)
USD 1,156,759  GBP 952,910  State Street Bank and Trust Co.  10/07/22   92,721 
USD 644,234  EUR 629,892  State Street Bank and Trust Co.  10/07/22   26,778 
CHF 661,955  USD 699,149  State Street Bank and Trust Co.  10/07/22   (28,088)
            $(29,162)

 

At September 30, 2022, the following futures contracts were outstanding for Voya Balanced Income Portfolio:

 

Description  Number
of Contracts
  Expiration
Date
  Notional
Amount
   Unrealized
Appreciation/
(Depreciation)
 
Long Contracts:                
U.S. Treasury 10-Year Note  139  12/20/22  $15,576,687   $(776,874)
U.S. Treasury 2-Year Note  182  12/30/22   37,381,094    (569,666)
U.S. Treasury 5-Year Note  386  12/30/22   41,498,016    (1,283,418)
         $94,455,797   $(2,629,958)
Short Contracts:                
U.S. Treasury Long Bond  (55)  12/20/22   (6,952,344)   591,029 
U.S. Treasury Ultra 10-Year Note  (144)  12/20/22   (17,061,750)   1,098,138 
U.S. Treasury Ultra Long Bond  (17)  12/20/22   (2,329,000)   202,453 
         $(26,343,094)  $1,891,620 

 

At September 30, 2022, the following centrally cleared credit default swaps were outstanding for Voya Balanced Income Portfolio:

 

Centrally Cleared Credit Default Swaps on Credit Indices - Buy Protection(1)  

 

Reference
Entity/Obligation
  Buy/Sell
Protection
  (Pay)/
Receive
Financing
Rate (%)(2)
  Termination
Date
  Notional Amount(3)    Fair
Value(4)
   Unrealized
Appreciation/
(Depreciation)
CDX North American High Yield Index, Series 38, Version 2  Buy  (5.000)  06/20/27  USD 3,170,777    $71,773   $139,112
                 $71,773   $139,112

 

Centrally Cleared Credit Default Swaps on Corporate and Sovereign Issues - Buy Protection(1)  

 

Reference
Entity/Obligation
  Buy/Sell
Protection
  (Pay)/
Receive
Financing
Rate (%)(2)
  Termination
Date
  Notional Amount(3)   Fair
Value(4)
   Unrealized
Appreciation/
(Depreciation)
Prudential Financial Inc. 3.50%, due 05/15/2024  Buy  (1.000)  12/20/24  USD 1,140,000    (13,006)   17,282
                  (13,006)  $17,282

 

(1) If a Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, a Portfolio will either i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(2) Payments made quarterly.
(3) The maximum amount of future payments (undiscounted) that a Portfolio as seller of protection could be required to make or receive as a buyer of credit protection under a credit default swap agreement would be an amount equal to the notional amount of the agreement.
(4) The fair values for credit default swap agreements serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. Increasing fair values, in absolute terms, when compared to the notional amount of the agreement, represent a deterioration of the referenced obligation’s credit soundness and a greater likelihood or risk of default or other credit event occurring.

 

At September 30, 2022, the following centrally cleared interest rate swaps were outstanding for Voya Balanced Income Portfolio:    

 

Pay/Receive
Floating Rate
  Floating Rate Index  Floating
Rate Index
Payment
Frequency
  Fixed
Rate
   Fixed Rate
Payment
Frequency
  Maturity
Date
  Notional Amount  Fair
Value
   Unrealized
Appreciation/
(Depreciation)
 
Pay  1-day Secured Overnight Financing Rate  Annual   3.391%  Annual  08/25/24  USD   16,000,000  $(222,218)  $(222,218)
                       $(222,218)  $(222,218)

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

At September 30, 2022, the following OTC purchased foreign currency options were outstanding for Voya Balanced Income Portfolio:

 

Description  Counterparty  Expiration
Date
  Exercise
Price
  Notional
Amount
   Cost   Fair Value 
Call EUR vs. Put USD  BNP Paribas  03/16/23  1.080 USD   1,755,400   $10,207   $147,559 
Call JPY vs. Put USD  BNP Paribas  02/27/25  107.500 USD   855,000    42,408    11,428 
Call USD vs. Put AUD  Morgan Stanley Capital Services LLC  10/17/22  0.625 USD   12,323,000    88,356    78,178 
Call USD vs. Put JPY  Bank of America N.A.  09/09/32  140.000 USD   1,118,300    19,906    20,464 
Call USD vs. Put JPY  BNP Paribas  09/09/32  140.000 USD   1,118,300    21,337    20,464 
                   $182,214   $278,093 

 

At September 30, 2022, the following OTC written foreign currency options were outstanding for Voya Balanced Income Portfolio:      

 

Description  Counterparty  Expiration
Date
  Exercise
Price
  Notional Amount   Premiums
Received
   Fair Value 
Call EUR vs. Put USD  BNP Paribas  10/27/22  1.003 USD   1,755,400   $31,755   $(14,011)
Call EUR vs. Put USD  Citibank N.A.  11/10/22  1.020 USD   1,755,400    25,524    (34,471)
Call USD vs. Put EUR  BNP Paribas  10/27/22  1.003 USD   1,755,400    31,755    (39,814)
Call USD vs. Put EUR  Citibank N.A.  11/10/22  1.020 USD   1,755,400    32,405    (28,388)
Call USD vs. Put EUR  BNP Paribas  11/17/22  0.960 USD   1,755,400    9,013    (100,430)
Call USD vs. Put JPY  Bank of America N.A.  09/09/27  140.000 USD   1,118,300    31,670    (31,193)
Call USD vs. Put JPY  BNP Paribas  09/09/27  140.000 USD   1,118,300    30,641    (31,193)
                   $192,763   $(279,500)

 

At September 30, 2022, the following OTC written interest rate swaptions were outstanding for Voya Balanced Income Portfolio:

 

Description  Counterparty  Pay/
Receive
Exercise
Rate
  Exercise
Rate
  Floating Rate
Index
  Expiration
Date
  Notional
Amount
   Premiums
Received
   Fair Value 
Call on 10-Year Interest Rate Swap(1)  BNP Paribas  Pay  3.350%  1-day Secured Overnight Financing Rate  09/28/23  USD5,568,000   $236,640   $(252,558)
Put on 10-Year Interest Rate Swap(2)  BNP Paribas  Receive  3.350%  1-day Secured Overnight Financing Rate  09/28/23  USD5,568,000    236,640    (193,718)
                       $473,280   $(446,276)

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

At September 30, 2022, the following OTC forward premium swaptions were outstanding for Voya Balanced Income Portfolio:

 

Description  Counterparty  Exercise
Rate(3)
  Pay/
Receive
Exercise
Rate
  Floating
Rate
Index
  Expiration
Date
  Notional
Amount
   Premium
receivable/(payable)
at expiration(4)
   Unrealized
Appreciation/(Depreciation)
 
Call on 10-Year Interest Rate Swap (Purchased)  Deutsche Bank AG  2.950%  Receive  1-day Secured Overnight Financing Rate  06/30/27  USD2,698,900   $(156,536)  $(56,185)
Call on 1-Year Interest Rate Swap (Written)  Deutsche Bank AG  2.750%  Receive  1-day Secured Overnight Financing Rate  06/30/27  USD21,591,100    180,376    11,324 
Call on 30-Year Interest Rate Swap (Purchased)  Barclays Bank PLC  0.000%  Receive  1-day Secured Overnight Financing Rate  06/14/27  USD  1,676,000    (293,300)   3,598 
Call on 35-Year Interest Rate Swap (Purchased)  Barclays Bank PLC  0.000%  Receive  1-day Secured Overnight Financing Rate  06/03/27  USD1,676,000    (293,719)   3,582 
Put on 10-Year Interest Rate Swap (Purchased)  Deutsche Bank AG  2.950%  Pay  1-day Secured Overnight Financing Rate  06/30/27  USD2,698,900    (156,536)   96,617 
Put on 1-Year Interest Rate Swap (Written)  Deutsche Bank AG  2.750%  Pay  1-day Secured Overnight Financing Rate  06/30/27  USD21,591,100    180,376    (101,035)
Put on 30-Year Interest Rate Swap (Purchased)  Barclays Bank PLC  0.000%  Pay  1-day Secured Overnight Financing Rate  05/25/27  USD4,989,400    (898,092)   (7,571)
                       $(1,437,431)  $(49,670)

 

(1) Portfolio pays the exercise rate semi-annually and receives the floating rate index quarterly.
(2) Portfolio receives the exercise rate semi-annually and pays the floating rate index quarterly.
(3) Forward premium swaption exercise rates represent the premium price on each respective swaption contract. Final exercise rate will be determined at the expiration of each respective swaption contract.
(4) Forward premium swaptions include premiums receivable/(payable) that have extended settlement dates. Premiums are not exchanged until the expiration date of each respective forward premium swaption contract.

 

Currency Abbreviations
AUD - Australian Dollar
CAD - Canadian Dollar
CHF - Swiss Franc
EUR - EU Euro
GBP - British Pound
JPY - Japanese Yen
NOK - Norwegian Krone
NZD - New Zealand Dollar
SEK - Swedish Krona
USD - United States Dollar

 

 

 

 

Voya Balanced Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2022 (Unaudited) (Continued)

 

At September 30, 2022, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments on a tax basis were:

 

Cost for federal income tax purposes was $275,868,180.
 
Net unrealized depreciation consisted of:
 
Gross Unrealized Appreciation  $12,149,915 
Gross Unrealized Depreciation   (46,560,600)
      
Net Unrealized Depreciation  $(34,410,685)