Fair Value Measurements
The following is a summary of the fair valuations according to the inputs used as of March 31, 2025 in valuing the assets
and liabilities:
Quoted Prices
in Active Markets
for Identical
Investments
(Level 1)
Significant Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Fair Value
at
March 31, 2025
Asset Table
Investments, at fair value
Exchange-Traded Funds
$
153,781,483
$
—
$
—
$
153,781,483
Mutual Funds
848,678,337
—
—
848,678,337
Total Investments, at fair value
$
1,002,459,820
$
—
$
—
$
1,002,459,820
Other Financial Instruments+
Futures
163,161
—
—
163,161
Total Assets
$
1,002,622,981
$
—
$
—
$
1,002,622,981
Liabilities Table
Other Financial Instruments+
Futures
$
(88,787)
$
—
$
—
$
(88,787)
Total Liabilities
$
(88,787)
$
—
$
—
$
(88,787)
+
Other Financial Instruments may include open forward foreign currency contracts, futures, centrally cleared swaps, OTC swaps and written options.
Forward foreign currency contracts, futures and centrally cleared swaps are fair valued at the unrealized appreciation (depreciation) on the instrument.
OTC swaps and written options are valued at the fair value of the instrument.
Transactions with Affiliates
An investment of at least 5% of the voting securities of an issuer, or a company which is under common control with the
issuer, results in that issuer becoming an affiliated person as defined by the 1940 Act.
The following table provides transactions during the period ended March 31, 2025, where the following issuers were
considered an affiliate:
Issuer
Beginning
Fair Value
at 12/31/2024
Purchases
at Cost
Sales
at Cost
Change In
Unrealized
Appreciation/
(Depreciation)
Ending
Fair
Value at
3/31/2025
Investment
Income
Realized
Gains/
(Losses)
Net
Capital
Gain
Distributions
Voya Short Duration Bond Fund -
Class R6
$
5,072,280
$
53,814
$
(5,120,660)
$
(5,434)
$
—
$
35,009
$
21,569
$
—
Voya U.S. Bond Index Portfolio -
Class I
35,205,315
5,442,855
(5,061,878)
527,972
36,114,264
335,923
27,792
—
Voya VACS Index Series Emerging
Markets Portfolio
55,674,090
804,048
(3,187,893)
1,863,206
55,153,451
—
401,657
—
Voya VACS Index Series I Portfolio
218,885,280
3,103,682
(25,420,857)
12,956,223
209,524,328
—
4,836,308
—
Voya VACS Index Series MC
Portfolio
58,072,235
10,890,779
(1,259,262)
(2,698,445)
65,005,307
—
322,485
—
Voya VACS Index Series S
Portfolio
468,129,189
27,681,438
(8,151,019)
(24,479,403)
463,180,205
—
3,812,923
—
Voya VACS Index Series SC
Portfolio
33,584,056
1,847,026
(11,540,304)
(4,189,996)
19,700,782
—
1,831,971
—
WisdomTree Voya Yield Enhanced
USD Universal Bond Fund
97,357,813
4,865,860
(1,004,150)
1,132,720
102,352,243
1,258,222
(34,168)
—
$
971,980,258
$
54,689,502
$
(60,746,023)
$
(14,893,157)
$
951,030,580
$
1,629,154
$
11,220,537
$
—
The financial statements for the above mutual fund[s] can be found at www.sec.gov.
At March 31, 2025, the following futures contracts were outstanding for Voya Index Solution 2040 Portfolio:
Description
Number
of Contracts
Expiration
Date
Notional
Amount
Unrealized
Appreciation/
(Depreciation)
Long Contracts:
E-mini Russell 2000 Index
49
06/20/25
$
4,966,395
$
(83,273)
U.S. Treasury 5-Year Note
238
06/30/25
25,741,188
163,161