PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
Voya
Multi-Manager
International
Small
Cap
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK
:
96.9%
Australia
:
6.1%
93,866
(1)
29Metals
Ltd.
$
30,926
0.0
91,660
(1)
Aeris
Resources
Ltd.
38,517
0.0
100,665
(1)
AIC
Mines
Ltd.
44,024
0.0
905,137
AMP
Ltd.
1,059,659
0.2
29,884
Ansell
Ltd.
677,535
0.1
160,204
(1)
Austal
Ltd.
772,574
0.2
26,350
(1)
Australian
Agricultural
Co.
Ltd.
24,954
0.0
103,998
Australian
Clinical
Labs
Ltd.
197,184
0.1
25,775
Australian
Ethical
Investment
Ltd.
82,004
0.0
14,383
Autosports
Group
Ltd.
38,122
0.0
50,207
Bank
of
Queensland
Ltd.
236,468
0.1
147,087
Beach
Energy
Ltd.
126,074
0.0
27,873
Beacon
Minerals
Ltd.
84,054
0.0
102,198
Bendigo
&
Adelaide
Bank
Ltd.
778,217
0.2
91,920
Bravura
Solutions
Ltd.
130,410
0.0
86,369
(1)
Capricorn
Metals
Ltd.
808,968
0.2
1,070
Cedar
Woods
Properties
Ltd.
6,031
0.0
81,971
Charter
Hall
Group
1,305,405
0.3
17,080
Clinuvel
Pharmaceuticals
Ltd.
130,433
0.0
10,833
Codan
Ltd.
285,252
0.1
1,146,657
(1)(2)
Core
Lithium
Ltd.
183,642
0.1
522,961
(3)
Coronado
Global
Resources,
Inc.
147,239
0.0
14,127
Cuscal
Ltd.
41,896
0.0
6,962
(1)(4)
DGL
Group
Ltd./Au
2,594
0.0
125,993
Downer
EDI
Ltd.
702,616
0.1
133,061
(1)
Emeco
Holdings
Ltd.
121,644
0.0
6,765
Energy
One
Ltd.
78,319
0.0
88,398
(1)
Genesis
Minerals
Ltd.
436,509
0.1
16,365
GR
Engineering
Services
Ltd.
49,260
0.0
11,910
GrainCorp
Ltd.
-
Class
A
59,722
0.0
32,679
Helia
Group
Ltd.
132,139
0.0
22,825
Helloworld
Travel
Ltd.
32,115
0.0
156,949
Horizon
Oil
Ltd.
24,591
0.0
11,286
(1)
IGO
Ltd.
64,513
0.0
2,942
Jumbo
Interactive
Ltd.
20,998
0.0
111,537
Lindsay
Australia
Ltd.
51,704
0.0
352,652
Macmahon
Holdings
Ltd.
159,197
0.0
162,578
Magellan
Financial
Group
Ltd.
982,846
0.2
20,083
Mayfield
Group
Holdings
Ltd.
43,213
0.0
15,995
(1)
Mayne
Pharma
Group
Ltd.
31,140
0.0
15,219
(1)
Megaport
Ltd.
121,531
0.0
82,435
(1)
Metals
X
Ltd.
73,581
0.0
10,681
MotorCycle
Holdings
Ltd.
20,602
0.0
84,053
(1)
Nanosonics
Ltd.
226,959
0.1
28,563
NRW
Holdings
Ltd.
103,062
0.0
1,805
Objective
Corp.
Ltd.
18,892
0.0
150,504
OceanaGold
Corp.
4,876,610
0.9
18,504
(1)
OFX
Group
Ltd.
6,440
0.0
97,191
Orica
Ltd.
1,731,380
0.3
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Australia
(continued)
110,614
(1)
Paladin
Energy
Ltd.
$
1,037,100
0.2
63,070
Perenti
Ltd.
121,417
0.0
399,504
Perseus
Mining
Ltd.
1,538,687
0.3
897,310
Ramelius
Resources
Ltd.
2,763,547
0.5
77,120
Regis
Healthcare
Ltd.
361,581
0.1
365,148
Regis
Resources
Ltd.
1,903,243
0.4
359,555
(1)
Resolute
Mining
Ltd.
322,097
0.1
126,735
(1)
Sandfire
Resources
Ltd.
1,719,671
0.3
19,657
Shape
Australia
Pty
Ltd.
91,209
0.0
456,563
(1)
Silver
Mines
Ltd.
75,829
0.0
12,107
SKS
Technologies
Group
Ltd.
29,655
0.0
49,267
SRG
Global
Ltd.
103,312
0.0
236,249
Tabcorp
Holdings
Ltd.
145,028
0.0
158,538
(1)
Vault
Minerals
Ltd.
606,689
0.1
343,763
Ventia
Services
Group
Pty
Ltd.
1,376,757
0.3
197,379
(1)
Virgin
Australia
Holdings
Ltd.
430,202
0.1
58,149
(1)
Vysarn
Ltd.
32,444
0.0
11,413
Wagners
Holding
Co.
Ltd.
28,452
0.0
226,881
(1)
West
African
Resources
Ltd.
549,710
0.1
267,592
Whitehaven
Coal
Ltd.
1,634,892
0.3
3,704
(1)
Zimplats
Holdings
Ltd.
57,579
0.0
32,330,866
6.1
Austria
:
0.3%
3,699
DO
&
Co.
AG
864,648
0.2
2,954
(1)
FACC
AG
39,543
0.0
1,253
Mayr
Melnhof
Karton
AG
142,011
0.0
1,609
Palfinger
AG
69,139
0.0
7,838
Porr
AG
322,362
0.1
12,237
UNIQA
Insurance
Group
AG
226,838
0.0
1,664,541
0.3
Belgium
:
0.6%
533
Cie
d'Entreprises
CFE
5,775
0.0
16,943
Colruyt
Group
N.V
649,901
0.1
12,365
Deceuninck
NV
33,799
0.0
2,056
Fagron
54,051
0.0
535
Jensen-Group
NV
39,952
0.0
4,934
(1)
Materialise
NV,
ADR
27,186
0.0
2,112
Tessenderlo
Group
SA
68,507
0.0
94,591
Umicore
SA
2,248,653
0.5
489
(2)
Wereldhave
Belgium
Comm
VA
31,532
0.0
3,159,356
0.6
Brazil
:
0.1%
159,200
C&A
MODAS
SA
362,399
0.1
32,587
Guararapes
Confeccoes
S.A.
60,372
0.0
33,264
Karoon
Energy
Ltd.
39,380
0.0
462,151
0.1
Canada
:
9.6%
24,700
Aecon
Group,
Inc.
640,333
0.1
4,300
AGF
Management
Ltd.
-
Class
B
57,316
0.0
217,053
Algonquin
Power
&
Utilities
Corp.
1,425,075
0.3
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
International
Small
Cap
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Canada
(continued)
45,700
Amerigo
Resources
Ltd.
$
186,606
0.0
35,885
(1)
Aritzia,
Inc.
2,828,581
0.5
151,000
B2Gold
Corp.
735,233
0.1
163,593
(1)
Bausch
Health
Cos.,
Inc.
938,318
0.2
34,352
Bird
Construction,
Inc.
760,883
0.2
16,900
Black
Diamond
Group
Ltd.
204,788
0.0
20,211
Boardwalk
Real
Estate
Investment
Trust
1,021,942
0.2
11,500
(1)(2)
Bonterra
Energy
Corp.
41,975
0.0
29,891
Boralex,
Inc.
-
Class
A
554,289
0.1
2,900
Boston
Pizza
Royalties
Income
Fund
49,837
0.0
27,557
Canaccord
Genuity
Group,
Inc.
240,022
0.1
28,875
(1)
Canada
Goose
Holdings,
Inc.
351,120
0.1
5,121
Canada
Packers,
Inc.
60,061
0.0
190,600
(1)
Capstone
Copper
Corp.
2,112,256
0.4
3,655
(1)
Celestica,
Inc.
1,027,072
0.2
25,939
Centerra
Gold,
Inc.
434,523
0.1
165,154
CES
Energy
Solutions
Corp.
1,722,313
0.3
4,742
Chorus
Aviation,
Inc.
74,004
0.0
600
Cogeco,
Inc.
29,426
0.0
10,789
Colliers
International
Group,
Inc.
1,474,546
0.3
5,500
(1)
Coveo
Solutions,
Inc.
24,639
0.0
2,900
(1)
D2L,
Inc.
23,151
0.0
7,500
(1)
D-BOX
Technologies,
Inc.
4,517
0.0
117,442
DPM
Metals,
Inc.
4,097,727
0.8
7,016
DREAM
Unlimited
Corp.
-
Class
A
101,042
0.0
137,124
Enerflex
Ltd.
2,516,600
0.5
35,354
Enghouse
Systems
Ltd.
485,788
0.1
15,600
(1)
Ensign
Energy
Services,
Inc.
36,089
0.0
3,700
Evertz
Technologies
Ltd.
39,292
0.0
10,508
Exco
Technologies
Ltd.
53,943
0.0
25,208
Extendicare,
Inc.
429,313
0.1
42,614
Finning
International,
Inc.
2,672,353
0.5
105,900
(1)
Fortuna
Mining
Corp.
1,035,940
0.2
14,164
Gildan
Activewear,
Inc.
920,273
0.2
74,000
(1)
GoGold
Resources,
Inc.
173,363
0.0
7,200
Granite
Real
Estate
Investment
Trust
464,525
0.1
17,400
Groupe
Dynamite,
Inc.
905,748
0.2
193,426
Headwater
Exploration,
Inc.
1,562,579
0.3
3,614
(1)
High
Arctic
Energy
Services,
Inc.
2,309
0.0
201,665
Hudbay
Minerals,
Inc.
4,776,335
0.9
1,852
Information
Services
Corp.
59,301
0.0
7,503
(1)
Kinaxis,
Inc.
757,656
0.1
1,600
Leon's
Furniture
Ltd.
32,337
0.0
19,475
Martinrea
International,
Inc.
138,877
0.0
2,200
Melcor
Developments
Ltd.
26,206
0.0
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Canada
(continued)
30,813
Methanex
Corp.
$
1,470,217
0.3
1,400
Morguard
Corp.
121,323
0.0
8,800
Neo
Performance
Materials,
Inc.
123,826
0.0
5,100
Orla
Mining
Ltd.
76,932
0.0
25,158
Paramount
Resources
Ltd.
-
Class
A
474,467
0.1
20,200
Parex
Resources,
Inc.
299,666
0.1
20,915
Pason
Systems,
Inc.
185,396
0.0
5,900
Polaris
Renewable
Energy,
Inc.
52,819
0.0
9,200
Primaris
Real
Estate
Investment
Trust
111,820
0.0
87,838
Quebecor,
Inc.
-
Class
B
3,204,137
0.6
26,034
Russel
Metals,
Inc.
922,514
0.2
8,000
(1)
Source
Energy
Services
Ltd.
101,641
0.0
31,900
StorageVault
Canada,
Inc.
116,200
0.0
88,100
Surge
Energy,
Inc.
477,493
0.1
2,000
TECSYS,
Inc.
38,336
0.0
10,900
(1)
Thinkific
Labs,
Inc.
16,250
0.0
58,626
Thor
Explorations
Ltd.
67,166
0.0
28,600
Torex
Gold
Resources,
Inc.
1,376,598
0.3
19,400
Total
Energy
Services,
Inc.
234,940
0.1
17,300
Trican
Well
Service
Ltd.
88,809
0.0
107,828
Vermilion
Energy,
Inc.
1,042,130
0.2
1,100
Wajax
Corp.
22,838
0.0
223,795
Whitecap
Resources,
Inc.
2,041,298
0.4
50,977,238
9.6
China
:
1.4%
33,347
(1)
ATRenew,
Inc.,
ADR
196,080
0.1
20,481
(1)
Baozun,
Inc.,
ADR
54,889
0.0
80,750
Beijing
Chunlizhengda
Medical
Instruments
Co.
Ltd.
-
Class
H
146,675
0.0
336,100
C&S
Paper
Co.
Ltd.
-
Class
A
394,329
0.1
102,800
Canny
Elevator
Co.
Ltd.
-
Class
A
119,437
0.0
78,000
Chervon
Holdings
Ltd.
241,026
0.1
244,000
China
Foods
Ltd.
135,242
0.0
127,600
(1)
China
Leon
Inspection
Holding
Ltd.
34,301
0.0
102,000
China
Lilang
Ltd.
43,740
0.0
1,908,000
(1)
China
Ruyi
Holdings
Ltd.
527,693
0.1
106,000
CIMC
Enric
Holdings
Ltd.
150,341
0.0
70,500
(1)
Daheng
New
Epoch
Technology,
Inc.
-
Class
A
154,493
0.0
108,000
Edvantage
Group
Holdings
Ltd.
20,883
0.0
51,500
EEKA
Fashion
Holdings
Ltd.
46,608
0.0
111,072
(1)
Ever
Reach
Group
Holdings
Co.
Ltd.
3,057
0.0
691,406
Fountain
SET
Holdings
Ltd.
61,068
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
International
Small
Cap
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
China
(continued)
233,000
Goodbaby
International
Holdings
Ltd.
$
32,222
0.0
144,900
Guangdong
Vanward
New
Electric
Co.
Ltd.
-
Class
A
209,149
0.1
86,000
Harbin
Electric
Co.
Ltd.
-
Class
H
218,454
0.1
38,913
Hello
Group,
Inc.,
ADR
265,387
0.1
28,276
(1)
Henan
Jinma
Energy
Co.
Ltd.
-
Class
H
4,126
0.0
5,318
JinkoSolar
Holding
Co.
Ltd.,
ADR
136,300
0.0
11,660
LexinFintech
Holdings
Ltd.,
ADR
33,231
0.0
170,100
Nanjing
Kangni
Mechanical
&
Electrical
Co.
Ltd.
-
Class
A
174,080
0.0
113,500
NetDragon
Websoft
Holdings
Ltd.
145,981
0.0
1,057,000
Nexteer
Automotive
Group
Ltd.
901,727
0.2
26,786
Novogene
Co.
Ltd.
-
Class
A
60,335
0.0
18,600
Opple
Lighting
Co.
Ltd.
-
Class
A
54,204
0.0
31,758
Pacific
Online
Ltd.
1,319
0.0
94,851
(1)
Road
King
Infrastructure
Ltd.
8,495
0.0
189,700
Shanghai
Zijiang
Enterprise
Group
Co.
Ltd.
-
Class
A
210,094
0.1
48,800
Silvercorp
Metals,
Inc.
491,351
0.1
321,180
Tang
Palace
China
Holdings
Ltd.
8,634
0.0
316,000
(2)
Tiangong
International
Co.
Ltd.
138,046
0.0
60,623
(1)
Tongda
Group
Holdings
Ltd.
28,868
0.0
140,800
Tongdao
Liepin
Group
67,864
0.0
239,200
Vatti
Corp.
Ltd.
-
Class
A
216,819
0.1
9,714
Viomi
Technology
Co.
Ltd.,
ADR
12,920
0.0
899,000
Wanda
Hotel
Development
Co.
Ltd.
10,730
0.0
27,660
Waterdrop,
Inc.,
ADR
45,639
0.0
136,800
Xiamen
Jihong
Technology
Co.
Ltd.
-
Class
A
390,296
0.1
319,000
(4)
Xiwang
Special
Steel
Co.
Ltd.
—
—
273,800
Yixintang
Pharmaceutical
Group
Co.
Ltd.
-
Class
A
553,870
0.1
6,920
(1)(2)
Youdao,
Inc.,
ADR
71,968
0.0
119,814
Zengame
Technology
Holding
Ltd.
36,775
0.0
117,500
Zhejiang
Hailide
New
Material
Co.
Ltd.
-
Class
A
125,034
0.0
150,300
Zhejiang
Semir
Garment
Co.
Ltd.
-
Class
A
119,891
0.0
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
China
(continued)
37,520
(1)
Zhihu,
Inc.,
ADR
$
141,450
0.0
7,245,121
1.4
Denmark
:
2.1%
6,560
(1)
ALK-Abello
A/S
216,767
0.0
42,557
(1)
Bavarian
Nordic
A/S
1,296,682
0.3
14,910
D/S
Norden
A/S
673,490
0.1
14,100
FLSmidth
&
Co.
A/S
1,208,634
0.2
37,921
ISS
A/S
1,438,142
0.3
22,602
Jyske
Bank
A/S,
Reg
3,289,190
0.6
156
MT
Hoejgaard
Holding
A/S
13,643
0.0
16,310
(1)(3)
Netcompany
Group
A/S
860,822
0.2
1,070
(1)
NKT
A/S
139,942
0.0
82
(1)
North
Media
A/S
599
0.0
2,193
Per
Aarsleff
Holding
A/S
312,728
0.1
13,706
Royal
Unibrew
A/S
1,291,306
0.2
1,323
Skjern
Bank
65,044
0.0
4,135
Sparekassen
Sjaelland-
Fyn
A/S
244,972
0.1
11,051,961
2.1
Finland
:
1.2%
30
Alandsbanken
Abp
-
Class
B
1,682
0.0
9,890
Anora
Group
Oyj
50,468
0.0
12,365
Cargotec
Oyj
-
Class
B
734,748
0.1
22,045
F-Secure
Oyj
49,333
0.0
4,809
Kalmar
Oyj
-
Class
B
245,874
0.1
32,044
Konecranes
Oyj
3,773,585
0.7
3,199
Marimekko
Oyj
48,811
0.0
694
Olvi
Oyj
-
Class
A
27,556
0.0
20,414
Oriola
Oyj
-
Class
B
28,223
0.0
11,410
Orion
Oyj
-
Class
B
943,589
0.2
39
Ponsse
Oyj
1,183
0.0
3
Relais
Group
Oyj
61
0.0
6,993
Sanoma
Oyj
79,996
0.0
4,221
Scanfil
Oyj
56,679
0.0
19,580
(3)
Terveystalo
Oyj
235,291
0.1
454
Vaisala
Oyj
-
Class
A
22,581
0.0
8,994
(1)
Verkkokauppa.com
Oyj
41,556
0.0
6,341,216
1.2
France
:
5.6%
26,580
(1)
Alstom
SA
848,660
0.2
73,491
(3)
Ayvens
SA
1,065,463
0.2
3,044
Bonduelle
SCA
38,174
0.0
1,288
Carmila
SA
24,923
0.0
18,985
Covivio
SA/France
1,212,879
0.2
21,348
(1)
Criteo
SA,
ADR
409,241
0.1
21,861
Eiffage
SA
3,242,158
0.6
9,004
(1)(3)
Elior
Group
SA
30,384
0.0
47,469
Elis
SA
1,378,242
0.3
3,568
Esso
SA
Francaise
199,078
0.0
19,264
Etablissements
Maurel
et
Prom
SA
150,527
0.0
73,126
(1)
Forvia
SE
1,193,963
0.2
1,265
Gaztransport
Et
Technigaz
SA
272,543
0.1
4,792
GL
Events
182,697
0.0
17,652
Ipsen
SA
2,883,735
0.5
3,700
IPSOS
156,968
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
International
Small
Cap
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
France
(continued)
7,621
Kaufman
&
Broad
SA
$
283,565
0.1
151,998
Klepierre
SA
5,855,500
1.1
3,166
LISI
SA
200,715
0.0
193,026
Louis
Hachette
Group
379,684
0.1
698
Neurones
33,341
0.0
17,498
Opmobility
335,258
0.1
27,163
Rexel
SA
1,138,285
0.2
11,962
(1)(3)
SMCP
SA
86,959
0.0
492
Societe
LDC
SADIR
55,164
0.0
5,099
Sopra
Steria
Group
SACA
931,413
0.2
33,642
SPIE
SA
1,843,384
0.4
1,221
Synergie
SE
44,433
0.0
57,660
Technip
Energies
NV
2,259,671
0.4
2,455
Television
Francaise
1
SA
23,728
0.0
29,511
(1)
Ubisoft
Entertainment
SA
152,254
0.0
71,069
Valeo
992,581
0.2
240
Vetoquinol
SA
24,725
0.0
4,204
Vicat
SACA
389,546
0.1
2,568
Virbac
SA
1,070,523
0.2
2,154
(1)
Viridien
325,837
0.1
365
Wendel
SE
35,262
0.0
29,751,463
5.6
Germany
:
5.7%
290
AlzChem
Group
AG
53,017
0.0
1,910
Atoss
Software
AG
220,126
0.0
7,477
Aurubis
AG
1,411,917
0.3
15,890
Bechtle
AG
823,617
0.2
316
Bijou
Brigitte
AG
16,219
0.0
14,182
Bilfinger
SE
1,987,030
0.4
171
Cewe
Stiftung
&
Co.
KGaA
20,482
0.0
8,706
CTS
Eventim
AG
&
Co.
KGaA
731,664
0.1
188,800
Deutsche
Lufthansa
AG
1,944,925
0.4
80,884
Deutz
AG
1,035,781
0.2
16,145
Duerr
AG
430,321
0.1
23,539
(3)
DWS
Group
GmbH
&
Co.
KGaA
1,723,394
0.3
2,891
Eckert
&
Ziegler
SE
51,182
0.0
1,074
Elmos
Semiconductor
SE
146,156
0.0
1,411
flatexDEGIRO
AG
68,828
0.0
33,626
Freenet
AG
1,214,212
0.2
2,113
Friedrich
Vorwerk
Group
SE
226,991
0.1
51,195
GEA
Group
AG
3,660,600
0.7
2,629
Hochtief
AG
1,102,461
0.2
1,973
Hornbach
Holding
AG
&
Co.
KGaA
188,530
0.0
1,828
Indus
Holding
AG
69,553
0.0
1,481
(3)
JOST
Werke
SE
109,848
0.0
11,877
KION
Group
AG
838,933
0.2
750
Krones
AG
120,690
0.0
1,201
Nagarro
SE
100,936
0.0
71,653
(1)
Nordex
SE
2,868,740
0.5
1,300
(1)
Pfisterer
Holding
SE
112,477
0.0
14,083
Salzgitter
AG
755,714
0.2
44,847
Schaeffler
AG
528,932
0.1
11,327
(3)
Scout24
SE
1,127,735
0.2
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Germany
(continued)
6,570
(1)(2)
SMA
Solar
Technology
AG
$
285,816
0.1
14,602
(2)
SUSS
MicroTec
SE
858,876
0.2
78,226
TAG
Immobilien
AG
1,327,136
0.3
90,667
thyssenkrupp
AG
1,208,662
0.2
9,724
(1)
Trivago
NV,
ADR
27,811
0.0
136,133
(1)
TUI
AG
1,451,459
0.3
44,152
(1)(3)
Zalando
SE
1,269,612
0.2
30,120,383
5.7
Greece
:
0.1%
3,521
Danaos
Corp.
364,248
0.1
1,589
Piraeus
Port
Authority
SA
74,964
0.0
29,864
(1)
StealthGas,
Inc.
230,849
0.0
7,911
Thrace
Plastics
Holding
and
Co.
39,688
0.0
11,724
Trade
Estates
Real
Estate
Investment
SA
27,794
0.0
737,543
0.1
Guatemala
:
0.3%
26,776
Millicom
International
Cellular
SA
1,634,139
0.3
Guernsey
:
0.1%
56,302
Super
Group
SGHC
Ltd.
533,180
0.1
Hong
Kong
:
0.1%
204,478
Build
King
Holdings
Ltd.
36,644
0.0
80,000
Computer
&
Technologies
Holdings
Ltd.
14,951
0.0
1,703
Computime
Group
Ltd.
105
0.0
232,000
(1)
Hop
Fung
Group
Holdings
Ltd.
2,049
0.0
14,087
Johnson
Electric
Holdings
Ltd.
48,523
0.0
33,822
Lung
Kee
Bermuda
Holdings
6,315
0.0
223,367
(1)
Midland
Holdings
Ltd.
86,960
0.0
53,000
Modern
Dental
Group
Ltd.
39,946
0.0
1,211,244
Singamas
Container
Holdings
Ltd.
99,230
0.0
222,000
(1)
Skyworth
Group
Ltd.
202,148
0.1
31,565
Sun
Hung
Kai
&
Co.
Ltd.
17,355
0.0
87,000
(2)
TS
Lines
Ltd.
99,784
0.0
175,138
Vedan
International
Holdings
Ltd.
15,021
0.0
15,840
(1)
Wai
Kee
Holdings
Ltd.
1,825
0.0
670,856
0.1
India
:
0.1%
48,727
Gateway
Distriparks
Ltd.
31,076
0.0
25,620
(4)
Geodesic
Ltd.
—
—
6,832
Great
Eastern
Shipping
Co.
Ltd.
89,401
0.0
3,323
Gulf
Oil
Lubricants
India
Ltd.
39,404
0.0
16,685
Natco
Pharma
Ltd.
151,809
0.1
21,379
(4)
Varun
Industries
Ltd.
—
—
2,046
(1)
Venus
Remedies
Ltd.
18,243
0.0
329,933
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
International
Small
Cap
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Indonesia
:
0.1%
1,323,800
Bank
Pembangunan
Daerah
Jawa
Timur
Tbk
PT
$
43,772
0.0
406,900
(1)
Champ
Resto
Indonesia
Tbk
PT
13,003
0.0
57,500
First
Resources
Ltd.
96,716
0.1
375,700
Golden
Agri-Resources
Ltd.
85,283
0.0
672,600
IMC
Pelita
Logistik
Tbk
PT
14,666
0.0
503,300
Indonesia
Kendaraan
Terminal
Tbk
PT
39,131
0.0
24,432
(1)
Indo-Rama
Synthetics
Tbk
PT
4,624
0.0
2,860,600
(1)
Media
Nusantara
Citra
Tbk
PT
42,669
0.0
339,864
0.1
Ireland
:
0.3%
10,540
(1)
Amarin
Corp.
PLC,
ADR
157,257
0.0
396,182
Cairn
Homes
PLC
979,030
0.2
1,836
COSMO
Pharmaceuticals
NV
275,299
0.1
20,425
Origin
Enterprises
PLC
100,959
0.0
1,512,545
0.3
Israel
:
0.8%
15,333
(1)
Allot
Ltd.
150,723
0.1
3,236
Analyst
IMS
Investment
Management
Services
Ltd.
163,593
0.1
5,270
(4)
B
Communications
Ltd.
45,055
0.0
4,917
(1)
Brainsway
Ltd.,
ADR
114,960
0.0
62,556
(1)
Cognyte
Software
Ltd.
564,881
0.1
307
(1)
IES
Holdings
Ltd.
43,125
0.0
3,042
Ituran
Location
and
Control
Ltd.
135,764
0.0
11,142
Max
Stock
Ltd.
100,565
0.0
431
(1)
Neto
ME
Holdings
Ltd.
37,102
0.0
8,437
(1)
Nexxen
International
Ltd.
52,141
0.0
3,380
One
Software
Technologies
Ltd.
97,164
0.0
8,413
Partner
Communications
Co.
Ltd.
102,228
0.0
1,916
(1)
RADCOM
Ltd.
24,027
0.0
17,629
(1)
Radware
Ltd.
425,740
0.1
412,964
(1)
Taboola.com
Ltd.
1,651,856
0.3
8,952
Tel
Aviv
Stock
Exchange
Ltd.
343,939
0.1
4,052,863
0.8
Italy
:
3.7%
701,865
A2A
SpA
2,117,395
0.4
8,581
ACEA
SpA
239,173
0.1
16,374
(1)
Aquafil
SpA
27,844
0.0
11,848
Ascopiave
SpA
47,259
0.0
5,271
Avio
SpA
216,938
0.0
34,880
Azimut
Holding
SpA
1,473,474
0.3
16,072
Banca
Generali
SpA
1,082,937
0.2
21,071
Banca
IFIS
SpA
686,164
0.1
135,364
(1)
CIR
SpA-Compagnie
Industriali
112,199
0.0
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Italy
(continued)
16,503
Coca-Cola
HBC
AG
-
Class
DI
$
896,269
0.2
25,026
d'Amico
International
Shipping
SA
176,766
0.0
6,422
Danieli
&
C
Officine
Meccaniche
SpA
331,321
0.1
18,332
Datalogic
SpA
90,322
0.0
30,419
De'
Longhi
SpA
1,344,744
0.3
3,484
(1)
Digital
Bros
SpA
53,612
0.0
13,709
El.En.
SpA
224,444
0.1
18,326
(3)
Enav
SpA
105,770
0.0
11,953
Esprinet
SpA
87,969
0.0
10,022
Fiera
Milano
SpA
82,682
0.0
3,218
Fine
Foods
&
Pharmaceuticals
NTM
38,526
0.0
254,754
Hera
SpA
1,260,708
0.2
478,901
Iren
SpA
1,532,892
0.3
37,612
Lottomatica
Group
SpA
925,188
0.2
103,256
Maire
Tecnimont
SpA
1,804,132
0.3
89,554
MFE-MediaForEurope
NV
-
Class
A
334,066
0.1
8,240
Orsero
SpA
190,267
0.0
157,009
(3)
OVS
SpA
887,471
0.2
8,355
(2)
Piquadro
SpA
25,254
0.0
7,062
Reply
SpA
925,853
0.2
21,078
(1)
Safilo
Group
SpA
53,427
0.0
22
(1)
Somec
SpA
362
0.0
28,068
(3)
Technogym
SpA
586,144
0.1
18,752
(1)
Technoprobe
SpA
348,004
0.1
559,577
(1)
Tesmec
SpA
107,416
0.0
71,481
(1)
TREVI
-
Finanziaria
Industriale
SpA
59,324
0.0
299,020
Webuild
SpA
1,238,519
0.2
19,714,835
3.7
Ivory
Coast
:
0.7%
64,187
Endeavour
Mining
PLC
3,562,191
0.7
Japan
:
20.6%
6,100
77
Bank
Ltd.
335,009
0.1
4,600
A&D
HOLON
Holdings
Co.
Ltd.
67,950
0.0
2,200
ABHotel
Co.
Ltd.
22,353
0.0
3,000
Achilles
Corp.
28,269
0.0
27,200
Adastria
Co.
Ltd.
489,507
0.1
3,600
Ad-sol
Nissin
Corp.
41,108
0.0
5,800
Adways,
Inc.
9,885
0.0
12,300
AEON
Financial
Service
Co.
Ltd.
134,263
0.0
4,700
Ahresty
Corp.
25,162
0.0
12,600
Aichi
Financial
Group,
Inc.
447,057
0.1
8,500
Aichi
Steel
Corp.
169,258
0.0
786
Aichi
Tokei
Denki
Co.
Ltd.
14,173
0.0
7,900
Aida
Engineering
Ltd.
61,196
0.0
1,200
Aidma
Holdings,
Inc.
16,532
0.0
1,000
Aiphone
Co.
Ltd.
19,215
0.0
3,400
Airtrip
Corp.
16,268
0.0
10,300
Aisan
Industry
Co.
Ltd.
146,606
0.0
5,400
AIT
Corp.
78,332
0.0
2,900
Akatsuki,
Inc.
47,745
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
International
Small
Cap
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Japan
(continued)
2,800
Akita
Bank
Ltd.
$
92,013
0.0
39,800
Allied
Telesis
Holdings
KK
81,824
0.0
1,200
Alpha
Systems,
Inc.
29,396
0.0
3,600
AlphaPolis
Co.
Ltd.
36,390
0.0
12,000
Alps
Alpine
Co.
Ltd.
157,175
0.0
3,000
Amano
Corp.
76,139
0.0
6,300
Anest
Iwata
Corp.
67,362
0.0
90,300
Anritsu
Corp.
1,251,285
0.3
30,300
Anycolor,
Inc.
864,963
0.2
3,400
Arakawa
Chemical
Industries
Ltd.
28,923
0.0
1,600
Arata
Corp.
31,921
0.0
3,648
Arealink
Co.
Ltd.
26,215
0.0
4,000
Argo
Graphics,
Inc.
37,254
0.0
2,000
Artience
Co.
Ltd.
47,949
0.0
11,700
Artner
Co.
Ltd.
156,881
0.0
1,600
As
One
Corp.
24,034
0.0
9,800
Asahi
Diamond
Industrial
Co.
Ltd.
57,354
0.0
2,600
ASAHI
YUKIZAI
Corp.
90,843
0.0
1,400
ASKA
Pharmaceutical
Holdings
Co.
Ltd.
22,640
0.0
12,500
Atrae,
Inc.
56,084
0.0
8,200
Aucnet,
Inc.
109,047
0.0
1,400
Aval
Data
Corp.
26,771
0.0
16,600
Avant
Group
Corp.
176,352
0.0
6,700
Avex,
Inc.
51,854
0.0
9,200
Awa
Bank
Ltd.
309,369
0.1
6,400
Axial
Retailing,
Inc.
48,060
0.0
83,900
Azbil
Corp.
734,268
0.2
6,000
Bando
Chemical
Industries
Ltd.
78,601
0.0
1,500
Bank
of
Iwate
Ltd.
59,325
0.0
2,100
Bank
of
Nagoya
Ltd.
66,542
0.0
2,800
Bank
of
Saga
Ltd.
83,344
0.0
5,000
Bank
of
the
Ryukyus
Ltd.
71,341
0.0
16,200
Bell
System24
Holdings,
Inc.
150,220
0.0
19,300
BIPROGY,
Inc.
640,941
0.1
4,100
Bunka
Shutter
Co.
Ltd.
53,608
0.0
5,200
Business
Brain
Showa-
Ota,
Inc.
113,037
0.0
18,000
Business
Engineering
Corp.
166,881
0.0
600
C
Uyemura
&
Co.
Ltd.
69,388
0.0
6,000
Central
Automotive
Products
Ltd.
81,127
0.0
6,500
Central
Glass
Co.
Ltd.
153,230
0.0
1,500
Central
Security
Patrols
Co.
Ltd.
28,289
0.0
1,300
Chiyoda
Integre
Co.
Ltd.
27,811
0.0
2,200
Chuetsu
Pulp
&
Paper
Co.
Ltd.
28,692
0.0
10,500
Citizen
Watch
Co.
Ltd.
92,801
0.0
1,500
CMC
Corp.
17,225
0.0
14,600
Comture
Corp.
153,313
0.0
1,800
Core
Corp.
26,746
0.0
55,400
Credit
Saison
Co.
Ltd.
1,495,695
0.3
6,600
Creek
&
River
Co.
Ltd.
64,951
0.0
7,700
CTS
Co.
Ltd.
50,782
0.0
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Japan
(continued)
54,500
Curves
Holdings
Co.
Ltd.
$
262,848
0.1
2,900
Cybertrust
Japan
Co.
Ltd.
23,602
0.0
6,300
Cybozu,
Inc.
97,162
0.0
96,100
Daicel
Corp.
907,203
0.2
6,700
Daihatsu
Diesel
Manufacturing
Co.
Ltd.
106,537
0.0
7,600
Dai-Ichi
Cutter
Kogyo
KK
67,683
0.0
1,400
Dainichiseika
Color
&
Chemicals
Manufacturing
Co.
Ltd.
39,435
0.0
2,100
Daiseki
Co.
Ltd.
47,199
0.0
6,600
Daishinku
Corp.
25,143
0.0
5,400
Daito
Pharmaceutical
Co.
Ltd.
46,616
0.0
11,430
Daitron
Co.
Ltd.
187,380
0.1
2,400
Daiwa
Industries
Ltd.
24,136
0.0
2,000
Daiwabo
Holdings
Co.
Ltd.
39,332
0.0
48,000
Dentsu
Soken,
Inc.
756,628
0.2
3,900
Digital
Arts,
Inc.
141,647
0.0
6,600
Digital
Hearts
Holdings
Co.
Ltd.
39,280
0.0
8,800
Digital
Information
Technologies
Corp.
72,432
0.0
9,700
dip
Corp.
128,743
0.0
9,900
Doshisha
Co.
Ltd.
206,961
0.1
6,300
Double
Standard,
Inc.
68,573
0.0
14,000
Doutor
Nichires
Holdings
Co.
Ltd.
255,105
0.1
89,528
DTS
Corp.
729,339
0.2
49,800
Ebara
Corp.
1,507,687
0.3
6,600
Ebase
Co.
Ltd.
18,638
0.0
3,600
Ehime
Bank
Ltd.
39,599
0.0
27,000
Eiken
Chemical
Co.
Ltd.
418,116
0.1
6,200
Elan
Corp.
26,883
0.0
7,500
Elecom
Co.
Ltd.
80,153
0.0
22,700
en
Japan,
Inc.
210,950
0.1
2,100
Enplas
Corp.
123,440
0.0
4,700
Entrust,
Inc.
34,250
0.0
4,400
eSOL
Co.
Ltd.
14,962
0.0
700
Exedy
Corp.
25,795
0.0
5,100
Fibergate,
Inc./Japan
22,825
0.0
4,100
First
Bank
of
Toyama
Ltd.
59,057
0.0
18,800
Food
&
Life
Cos.
Ltd.
1,027,044
0.2
2,400
FTGroup
Co.
Ltd.
19,897
0.0
39,800
Fuji
Corp./Aichi
980,547
0.2
11,000
Fuji
Pharma
Co.
Ltd.
135,941
0.0
6,400
Fuji
Seal
International,
Inc.
132,356
0.0
7,900
Fujikura
Kasei
Co.
Ltd.
38,049
0.0
2,100
Fujimi,
Inc.
37,121
0.0
42,200
Fujimori
Kogyo
Co.
Ltd.
317,739
0.1
2,200
Fukuda
Denshi
Co.
Ltd.
120,634
0.0
3,000
Fukushima
Galilei
Co.
Ltd.
74,837
0.0
2,875
FULLCAST
Holdings
Co.
Ltd.
31,300
0.0
5,300
Funai
Soken
Holdings,
Inc.
38,418
0.0
19,400
Furyu
Corp.
129,454
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
International
Small
Cap
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Japan
(continued)
5,200
Fuso
Pharmaceutical
Industries
Ltd.
$
76,490
0.0
8,500
Futaba
Industrial
Co.
Ltd.
57,191
0.0
22,700
Future
Corp.
278,557
0.1
13,200
Gakken
Holdings
Co.
Ltd.
89,462
0.0
3,500
Gamecard-Joyco
Holdings,
Inc.
68,095
0.0
3,200
Gecoss
Corp.
32,791
0.0
16,100
Glory
Ltd.
419,370
0.1
1,500
GMO
GlobalSign
Holdings
KK
21,861
0.0
6,000
Greens
Co.
Ltd.
81,951
0.0
45,700
GS
Yuasa
Corp.
1,063,828
0.2
13,900
(1)
GungHo
Online
Entertainment,
Inc.
236,244
0.1
3,700
Hanwa
Co.
Ltd.
188,160
0.1
7,000
Happinet
Corp.
125,394
0.0
11,200
Heiwa
Corp.
146,711
0.0
6,400
Hennge
KK
48,042
0.0
2,200
Hioki
EE
Corp.
87,618
0.0
2,300
Hirano
Tecseed
Co.
Ltd./
Kinzoku
27,388
0.0
4,400
Hirata
Corp.
73,114
0.0
10,100
Hisamitsu
Pharmaceutical
Co.,
Inc.
416,072
0.1
4,000
Hito
Communications
Holdings,
Inc.
24,804
0.0
1,600
Hochiki
Corp.
51,173
0.0
4,400
Hodogaya
Chemical
Co.
Ltd.
64,975
0.0
24,500
Hokkaido
Gas
Co.
Ltd.
130,557
0.0
2,400
Hokkan
Holdings
Ltd.
36,252
0.0
2,300
Hokko
Chemical
Industry
Co.
Ltd.
26,062
0.0
1,500
Hokuriku
Electric
Industry
Co.
Ltd.
29,346
0.0
8,400
Horiba
Ltd.
996,288
0.2
11,200
Hyakujushi
Bank
Ltd.
605,618
0.1
46,100
Ibiden
Co.
Ltd.
2,430,151
0.5
21,900
IBJ,
Inc.
102,429
0.0
19,100
Ichikoh
Industries
Ltd.
63,552
0.0
3,100
ID
Holdings
Corp.
40,103
0.0
2,400
Idec
Corp./Japan
44,731
0.0
1,700
I'll,
Inc.
27,290
0.0
6,400
Inaba
Denki
Sangyo
Co.
Ltd.
106,600
0.0
2,500
Inaba
Seisakusho
Co.
Ltd.
25,830
0.0
98,700
INFRONEER
Holdings,
Inc.
1,478,289
0.3
377
ISB
Corp.
4,424
0.0
1,700
Ishihara
Chemical
Co.
Ltd.
25,459
0.0
2,800
Ishihara
Sangyo
Kaisha
Ltd.
53,160
0.0
9,400
Itoki
Corp.
158,543
0.0
4,300
IwaiCosmo
Holdings,
Inc.
96,770
0.0
44,400
J
Trust
Co.
Ltd.
140,334
0.0
8,400
JAC
Recruitment
Co.
Ltd.
53,755
0.0
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Japan
(continued)
9,700
Japan
Aviation
Electronics
Industry
Ltd.
$
151,546
0.0
4,300
Japan
Electronic
Materials
Corp.
132,652
0.0
1,569
Japan
Hotel
REIT
Investment
Corp.
843,569
0.2
27,900
Japan
Lifeline
Co.
Ltd.
278,684
0.1
9,500
Japan
Material
Co.
Ltd.
110,168
0.0
16,500
Japan
Medical
Dynamic
Marketing,
Inc.
51,929
0.0
16,100
Japan
System
Techniques
Co.
Ltd.
252,641
0.1
13,600
JBCC
Holdings,
Inc.
131,001
0.0
3,300
JCU
Corp.
120,623
0.0
5,100
Jeol
Ltd.
205,749
0.1
2,800
JFE
Systems,
Inc.
41,061
0.0
6,600
JK
Holdings
Co.
Ltd.
61,187
0.0
13,600
Joshin
Denki
Co.
Ltd.
241,561
0.1
5,500
J-Stream,
Inc.
12,839
0.0
12,500
Juroku
Financial
Group,
Inc.
664,687
0.1
5,500
Justsystems
Corp.
169,877
0.0
400
JUTEC
Holdings
Corp.
4,140
0.0
16,800
JVCKenwood
Corp.
136,549
0.0
4,100
Kaga
Electronics
Co.
Ltd.
102,967
0.0
243
Kamei
Corp.
4,852
0.0
11,500
Kanamic
Network
Co.
Ltd.
36,697
0.0
3,600
Kanamoto
Co.
Ltd.
86,828
0.0
46,700
Kandenko
Co.
Ltd.
1,681,312
0.3
25,200
Kaneka
Corp.
764,161
0.2
4,800
KAWADA
TECHNOLOGIES,
Inc.
145,363
0.0
8,500
KEIWA,
Inc.
72,976
0.0
34,000
Keiyo
Bank
Ltd.
408,514
0.1
3,000
Kenko
Mayonnaise
Co.
Ltd.
38,894
0.0
692
KFC
Ltd.
7,110
0.0
4,520
Kimura
Unity
Co.
Ltd.
26,735
0.0
26,500
Kinden
Corp.
1,172,624
0.2
1,179
Kitagawa
Corp.
13,500
0.0
5,300
Kita-Nippon
Bank
Ltd.
161,024
0.0
11,100
Kitz
Corp.
144,872
0.0
1,500
Kiyo
Bank
Ltd.
36,633
0.0
2,000
(1)
KNT-CT
Holdings
Co.
Ltd.
22,589
0.0
4,700
Koa
Shoji
Holdings
Co.
Ltd.
25,520
0.0
4,000
Koike
Sanso
Kogyo
Co.
Ltd.
48,586
0.0
2,800
Komatsu
Wall
Industry
Co.
Ltd.
51,387
0.0
9,900
Komeri
Co.
Ltd.
211,254
0.1
4,500
Komori
Corp.
48,845
0.0
98,100
Konica
Minolta,
Inc.
429,408
0.1
2,300
Konishi
Co.
Ltd.
19,402
0.0
2,000
Konoike
Transport
Co.
Ltd.
43,046
0.0
17,900
KPP
Group
Holdings
Co.
Ltd.
102,306
0.0
24,800
K's
Holdings
Corp.
257,917
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
International
Small
Cap
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Japan
(continued)
3,100
Kuriyama
Holdings
Corp.
$
34,091
0.0
6,700
KYORIN
Holdings,
Inc.
70,321
0.0
86,500
Kyushu
Electric
Power
Co.,
Inc.
962,910
0.2
5,100
Kyushu
Leasing
Service
Co.
Ltd.,
GMTN
47,442
0.0
2,100
Life
Corp.
34,656
0.0
100,100
LIFULL
Co.
Ltd.
113,672
0.0
6,100
Link
And
Motivation,
Inc.
19,877
0.0
5,200
Lintec
Corp.
160,434
0.0
68,200
Lion
Corp.
730,211
0.2
2,000
Look
Holdings,
Inc.
31,922
0.0
9,500
M&A
Capital
Partners
Co.
Ltd.
193,504
0.1
2,900
Maezawa
Industries,
Inc.
39,380
0.0
1,500
Makiya
Co.
Ltd.
12,060
0.0
19,100
Mani,
Inc.
188,437
0.1
1,600
MarkLines
Co.
Ltd.
16,170
0.0
500
Maruzen
Showa
Unyu
Co.
Ltd.
27,201
0.0
22,200
Marvelous,
Inc.
68,918
0.0
12,800
Matching
Service
Japan
Co.
Ltd.
87,147
0.0
11,200
Matsuoka
Corp.
183,349
0.0
1,400
Max
Co.
Ltd.
59,201
0.0
21,300
Maxell
Ltd.
306,422
0.1
12,700
MCJ
Co.
Ltd.
129,418
0.0
275,500
Mebuki
Financial
Group,
Inc.
2,078,426
0.4
4,500
Media
Do
Co.
Ltd.
47,733
0.0
5,647
Medical
System
Network
Co.
Ltd.
19,005
0.0
26,400
Meidensha
Corp.
1,034,626
0.2
19,100
MEITEC
Group
Holdings,
Inc.
427,246
0.1
3,400
Melco
Holdings,
Inc.
99,013
0.0
9,200
Members
Co.
Ltd.
84,066
0.0
3,000
METAWATER
Co.
Ltd.
64,256
0.0
9,600
Mitani
Sangyo
Co.
Ltd.
37,448
0.0
15,800
Mito
Securities
Co.
Ltd.
61,527
0.0
13,500
Mitsuba
Corp.
114,086
0.0
26,800
Mitsui
E&S
Co.
Ltd.
1,190,967
0.2
20,800
Mitsui
Mining
&
Smelting
Co.
Ltd.
2,714,585
0.5
1,900
Miyazaki
Bank
Ltd.
95,770
0.0
5,400
Mizuno
Corp.
111,878
0.0
2,000
MORESCO
Corp.
24,467
0.0
30,300
Morinaga
Milk
Industry
Co.
Ltd.
782,465
0.2
1,400
Moriroku
Holdings
Co.
Ltd.
21,996
0.0
4,900
Morita
Holdings
Corp.
88,887
0.0
1,675
Murakami
Corp.
70,321
0.0
9,600
Musashino
Bank
Ltd.
342,612
0.1
1,900
Mutoh
Holdings
Co.
Ltd.
36,563
0.0
2,000
Nachi-Fujikoshi
Corp.
63,315
0.0
6,800
Nakabayashi
Co.
Ltd.
25,923
0.0
15,400
Nakanishi,
Inc.
215,924
0.1
10,287
Nakano
Corp./Tokyo
84,167
0.0
9,300
Nanto
Bank
Ltd.
401,377
0.1
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Japan
(continued)
2,400
Nanyo
Corp.
$
23,259
0.0
2,900
NEOJAPAN,
Inc.
33,419
0.0
1,000
New
Cosmos
Electric
Co.
Ltd.
26,959
0.0
36,100
Nextage
Co.
Ltd.
764,786
0.2
68,800
NHK
Spring
Co.
Ltd.
1,250,350
0.3
3,000
(2)
Nicca
Chemical
Co.
Ltd.
31,305
0.0
5,200
Nichiban
Co.
Ltd.
66,026
0.0
3,200
Nihon
Denkei
Co.
Ltd.
48,827
0.0
1,600
(2)
Nihon
Falcom
Corp.
16,682
0.0
8,200
Nihon
Kohden
Corp.
90,908
0.0
8,500
Nihon
M&A
Center
Holdings,
Inc.
39,038
0.0
2,700
Nihon
Trim
Co.
Ltd.
83,630
0.0
29,800
Nippon
Electric
Glass
Co.
Ltd.
1,296,002
0.3
34,300
Nippon
Kayaku
Co.
Ltd.
398,623
0.1
4,400
Nippon
Light
Metal
Holdings
Co.
Ltd.
77,625
0.0
55,500
Nippon
Shinyaku
Co.
Ltd.
1,852,585
0.4
13,000
Nippon
Thompson
Co.
Ltd.
77,311
0.0
66,878
Niraku
GC
Holdings,
Inc.
1,721
0.0
4,200
Nishio
Holdings
Co.
Ltd.
130,474
0.0
28,000
Nissan
Chemical
Corp.
965,146
0.2
54,818
Nissan
Tokyo
Sales
Holdings
Co.
Ltd.
187,017
0.1
900
Nissei
ASB
Machine
Co.
Ltd.
36,584
0.0
3,300
Nissha
Co.
Ltd.
26,681
0.0
8,531
Nisshin
Group
Holdings
Co.
Ltd.
44,521
0.0
68,000
Nisshinbo
Holdings,
Inc.
630,471
0.1
13,900
Nisso
Holdings
Co.
Ltd.
62,240
0.0
143,400
Nissui
Corp.
1,208,869
0.2
3,400
Nitta
Gelatin,
Inc.
27,665
0.0
23,200
Nitto
Boseki
Co.
Ltd.
2,214,067
0.4
8,800
Nitto
Kogyo
Corp.
235,423
0.1
13,000
Nitto
Seiko
Co.
Ltd.
60,645
0.0
23,700
Nomura
Co.
Ltd.
209,481
0.1
7,200
Noritz
Corp.
96,267
0.0
14,600
NSD
Co.
Ltd.
306,429
0.1
2,100
NSW,
Inc./Japan
33,571
0.0
103,600
NTN
Corp.
248,302
0.1
2,500
Odawara
Engineering
Co.
Ltd.
35,223
0.0
10,900
Ogaki
Kyoritsu
Bank
Ltd.
398,101
0.1
3,100
Ohara,
Inc.
21,476
0.0
1,600
OIE
Sangyo
Co.
Ltd.
26,444
0.0
4,600
Oiles
Corp.
72,360
0.0
1,300
Oita
Bank
Ltd.
68,975
0.0
14,300
Okabe
Co.
Ltd.
88,233
0.0
12,100
Okamura
Corp.
185,712
0.0
6,400
Okinawa
Financial
Group,
Inc.
218,015
0.1
2,700
Onoken
Co.
Ltd.
24,875
0.0
52,200
Onward
Holdings
Co.
Ltd.
247,555
0.1
13,900
Open
House
Group
Co.
Ltd.
817,901
0.2
4,700
(1)
Optim
Corp.
15,122
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
International
Small
Cap
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Japan
(continued)
18,600
Optorun
Co.
Ltd.
$
245,468
0.1
7,800
Oro
Co.
Ltd.
106,002
0.0
5,300
Osaka
Organic
Chemical
Industry
Ltd.
139,413
0.0
5,800
Osaki
Electric
Co.
Ltd.
46,606
0.0
57,700
PAL
GROUP
Holdings
Co.
Ltd.
619,335
0.1
11,400
PALTAC
Corp.
356,753
0.1
16,000
Parker
Corp.
153,143
0.0
2,200
PCA
Corp.
27,628
0.0
5,700
Pegasus
Co.
Ltd.
26,756
0.0
6,000
(1)
PIA
Corp.
103,588
0.0
15,900
Pilot
Corp.
499,907
0.1
10,900
Pole
To
Win
Holdings,
Inc.
22,305
0.0
2,100
PR
Times
Corp.
35,897
0.0
56,100
Prestige
International,
Inc.
251,426
0.1
8,128
Procrea
Holdings,
Inc.
140,910
0.0
100
Pronexus,
Inc.
749
0.0
7,300
QB
Net
Holdings
Co.
Ltd.
65,589
0.0
2,800
Qol
Holdings
Co.
Ltd.
38,449
0.0
12,300
Raito
Kogyo
Co.
Ltd.
278,131
0.1
26,100
Rakus
Co.
Ltd.
148,544
0.0
69,900
Resorttrust,
Inc.
814,515
0.2
2,400
Rheon
Automatic
Machinery
Co.
Ltd.
23,888
0.0
11,500
Riken
Technos
Corp.
123,960
0.0
6,100
Riken
Vitamin
Co.
Ltd.
122,644
0.0
8,200
Riso
Kagaku
Corp.
64,740
0.0
1,600
Roland
Corp.
39,493
0.0
4,500
Sac's
Bar
Holdings,
Inc.
23,693
0.0
1,000
Saison
Information
Systems
Co.
Ltd.
16,070
0.0
2,100
Sakata
INX
Corp.
32,204
0.0
1,500
Sakata
Seed
Corp.
39,455
0.0
2,900
San
ju
San
Financial
Group,
Inc.
94,083
0.0
10,400
San-Ai
Obbli
Co.
Ltd.
147,797
0.0
5,900
Sangetsu
Corp.
120,446
0.0
5,700
San-In
Godo
Bank
Ltd.
58,307
0.0
5,900
Sanko
Gosei
Ltd.
36,762
0.0
80,700
Sankyo
Co.
Ltd.
1,262,353
0.3
2,138
Sankyo
Frontier
Co.
Ltd.
29,408
0.0
12,300
Sankyu,
Inc.
732,777
0.2
22,600
(1)
Sansan,
Inc.
218,399
0.1
18,100
Sansha
Electric
Manufacturing
Co.
Ltd.
118,763
0.0
71,200
Santen
Pharmaceutical
Co.
Ltd.
800,974
0.2
51,200
Sanwa
Holdings
Corp.
1,159,747
0.2
3,200
Sanyo
Chemical
Industries
Ltd.
114,322
0.0
2,100
Sanyo
Denki
Co.
Ltd.
56,464
0.0
2,700
Sanyo
Engineering
&
Construction,
Inc.
24,677
0.0
73,500
Sawai
Group
Holdings
Co.
Ltd.
1,127,398
0.2
1,900
Saxa
Holdings,
Inc.
81,001
0.0
12,900
Scroll
Corp.
108,755
0.0
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Japan
(continued)
6,800
Seed
Co.
Ltd./Tokyo
$
25,425
0.0
1,700
Seiko
Electric
Co.
Ltd.
24,392
0.0
1,100
Seiko
Group
Corp.
54,950
0.0
6,600
(1)
Sekisui
Kasei
Co.
Ltd.
18,035
0.0
2,100
SEMITEC
Corp.
32,668
0.0
16,300
SERAKU
Co.
Ltd.
174,808
0.0
4,100
Seria
Co.
Ltd.
97,419
0.0
4,200
(1)
Serverworks
Co.
Ltd.
54,664
0.0
3,100
Shibaura
Machine
Co.
Ltd.
85,345
0.0
400
Shibaura
Mechatronics
Corp.
60,303
0.0
1,100
Shibuya
Corp.
25,050
0.0
17,700
(1)
SHIFT,
Inc.
83,914
0.0
7,600
Shikoku
Bank
Ltd.
100,178
0.0
9,500
Shimizu
Bank
Ltd.
154,296
0.0
4,200
(2)
Shin
Maint
Holdings
Co.
Ltd.
33,128
0.0
10,100
Shin-Etsu
Polymer
Co.
Ltd.
131,932
0.0
4,300
Shinnihonseiyaku
Co.
Ltd.
57,205
0.0
35,200
Ship
Healthcare
Holdings,
Inc.
580,232
0.1
5,500
Shizuki
Electric
Co.,
Inc.
32,472
0.0
22,300
Shofu,
Inc.
265,561
0.1
1,800
SMK
Corp.
32,343
0.0
34,700
SMS
Co.
Ltd.
367,217
0.1
7,700
Softcreate
Holdings
Corp.
103,317
0.0
11,138
Soken
Chemical
&
Engineering
Co.
Ltd.
203,170
0.1
4,600
Soliton
Systems
KK
58,160
0.0
7,300
Startia
Holdings,
Inc.
132,794
0.0
34,700
Sugi
Holdings
Co.
Ltd.
797,992
0.2
23,500
Sumitomo
Bakelite
Co.
Ltd.
827,669
0.2
14,200
(1)
Sumitomo
Pharma
Co.
Ltd.
211,311
0.1
5,300
Sun
Frontier
Fudousan
Co.
Ltd.
84,070
0.0
54,000
(1)
Sun*,
Inc.
158,779
0.0
5,300
Suzuken
Co.
Ltd./Aichi
Japan
213,641
0.1
15,700
SWCC
Corp.
1,170,140
0.2
8,400
System
Support,
Inc.
75,919
0.0
24,100
Systena
Corp.
79,084
0.0
1,100
T.
RAD
Co.
Ltd.
60,746
0.0
2,690
Tachikawa
Corp.
33,636
0.0
3,700
Tadano
Ltd.
27,345
0.0
26,700
Taiheiyo
Cement
Corp.
733,699
0.2
9,800
Taiho
Kogyo
Co.
Ltd.
53,702
0.0
2,800
Taiko
Bank
Ltd.
42,971
0.0
1,600
Taisei
Lamick
Co.
Ltd.
26,709
0.0
8,500
Takaoka
Toko
Co.
Ltd.
254,097
0.1
7,200
Takara
&
Co.
Ltd.
197,566
0.1
7,500
Takasago
International
Corp.
73,236
0.0
2,900
Taoka
Chemical
Co.
Ltd.
21,238
0.0
18,000
TechMatrix
Corp.
246,198
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
International
Small
Cap
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Japan
(continued)
2,900
Teikoku
Electric
Manufacturing
Co.
Ltd.
$
57,155
0.0
2,200
Temairazu,
Inc.
44,197
0.0
1,500
Terasaki
Electric
Co.
Ltd.
42,958
0.0
4,500
TKC
Corp.
118,319
0.0
2,300
Tocalo
Co.
Ltd.
38,479
0.0
41,500
Tochigi
Bank
Ltd.
225,128
0.1
2,700
Togami
Electric
Manufacturing
Co.
Ltd.
81,721
0.0
109,300
Toho
Bank
Ltd.
425,656
0.1
2,900
Tokai
Corp./Gifu
46,226
0.0
1,300
Tokyo
Kiraboshi
Financial
Group,
Inc.
84,876
0.0
38,600
Tokyo
Ohka
Kogyo
Co.
Ltd.
1,821,980
0.4
15,700
Tokyo
Seimitsu
Co.
Ltd.
1,422,430
0.3
46,100
Tokyo
Tatemono
Co.
Ltd.
1,084,836
0.2
34,500
Tokyu
Construction
Co.
Ltd.
285,081
0.1
133,900
Tokyu
Fudosan
Holdings
Corp.
1,239,849
0.2
11,100
Toli
Corp.
54,718
0.0
67,200
TOMONY
Holdings,
Inc.
380,318
0.1
2,500
Topy
Industries
Ltd.
50,668
0.0
8,800
Toshiba
TEC
Corp.
147,990
0.0
6,600
Tosho
Co.
Ltd.
31,926
0.0
5,800
Totech
Corp.
150,916
0.0
2,600
Totetsu
Kogyo
Co.
Ltd.
78,285
0.0
13,600
Towa
Bank
Ltd.
101,490
0.0
27,600
Towa
Pharmaceutical
Co.
Ltd.
642,820
0.1
3,700
Toyo
Denki
Seizo
KK
47,647
0.0
6,400
Toyo
Kanetsu
KK
110,191
0.0
14,800
Toyo
Suisan
Kaisha
Ltd.
1,056,669
0.2
42,100
Toyo
Tire
Corp.
1,134,583
0.2
45,000
Toyoda
Gosei
Co.
Ltd.
1,222,555
0.2
5,500
Toyota
Boshoku
Corp.
92,356
0.0
5,000
TPR
Co.
Ltd.
43,453
0.0
11,700
Transcosmos,
Inc.
285,331
0.1
18,300
TRE
Holdings
Corp.
203,081
0.1
12,200
Trusco
Nakayama
Corp.
192,815
0.1
7,900
TS
Tech
Co.
Ltd.
97,052
0.0
36,700
Tsubakimoto
Chain
Co.
562,973
0.1
7,100
Tsugami
Corp.
147,675
0.0
7,300
Tsukada
Global
Holdings,
Inc.
26,892
0.0
15,200
Tsukuba
Bank
Ltd.
50,264
0.0
31,800
Tsumura
&
Co.
840,628
0.2
7,800
TYK
Corp./Tokyo
31,145
0.0
11,800
Ubicom
Holdings,
Inc.
79,252
0.0
5,500
Uchida
Yoko
Co.
Ltd.
73,934
0.0
6,900
ULS
Group,
Inc.
25,439
0.0
5,500
Unipres
Corp.
48,647
0.0
1,500
UNIRITA,
Inc.
19,189
0.0
5,200
United
Arrows
Ltd.
80,959
0.0
2,300
Ushio,
Inc.
41,346
0.0
9,100
Valor
Holdings
Co.
Ltd.
206,029
0.1
17,600
ValueCommerce
Co.
Ltd.
73,785
0.0
8,000
Vector,
Inc.
75,681
0.0
6,800
(1)
Visional,
Inc.
374,748
0.1
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Japan
(continued)
22,924
Vital
KSK
Holdings,
Inc.
$
208,147
0.1
10,600
VT
Holdings
Co.
Ltd.
37,261
0.0
43,600
Wacom
Co.
Ltd.
211,287
0.1
1,300
Wadakohsan
Corp.
14,584
0.0
600
WDB
coco
Co.
Ltd.
10,757
0.0
4,600
WingArc1st,
Inc.
96,918
0.0
3,500
Xebio
Holdings
Co.
Ltd.
24,373
0.0
8,000
YAMABIKO
Corp.
166,544
0.0
2,300
YAMADA
Consulting
Group
Co.
Ltd.
25,746
0.0
3,500
Yamagata
Bank
Ltd.
50,104
0.0
95,200
Yamaguchi
Financial
Group,
Inc.
1,516,435
0.3
10,500
Yamaichi
Electronics
Co.
Ltd.
399,046
0.1
1,600
Yamanashi
Chuo
Bank
Ltd.
49,103
0.0
9,000
Yamazen
Corp.
83,010
0.0
20,700
Yokowo
Co.
Ltd.
294,840
0.1
73
Yorozu
Corp.
481
0.0
1,600
Yoshicon
Co.
Ltd.
30,179
0.0
9,500
Yossix
Holdings
Co.
Ltd.
193,211
0.1
1,800
Yuasa
Trading
Co.
Ltd.
65,971
0.0
8,200
Yurtec
Corp.
144,174
0.0
3,400
Yushin
Precision
Equipment
Co.
Ltd.
16,736
0.0
7,100
Zenrin
Co.
Ltd.
48,157
0.0
8,400
Zeon
Corp.
102,647
0.0
31,300
ZERIA
Pharmaceutical
Co.
Ltd.
415,419
0.1
16,700
ZIGExN
Co.
Ltd.
50,631
0.0
7,800
Zuken,
Inc.
243,185
0.1
109,363,439
20.6
Liechtenstein
:
0.0%
2,027
Liechtensteinische
Landesbank
AG
252,769
0.0
Luxembourg
:
0.2%
12,257
Eurofins
Scientific
SE
991,509
0.2
15,150
SES
SA
124,087
0.0
1,115,596
0.2
Malaysia
:
0.1%
249,300
CCK
Consolidated
Holdings
BHD
86,009
0.0
2,194
CSC
Steel
Holdings
Bhd
817
0.0
608,500
Hibiscus
Petroleum
Bhd
240,399
0.1
220,500
Leong
Hup
International
Bhd
44,257
0.0
3,414
MKH
Oil
Palm
East
Kalimantan
Bhd
533
0.0
105,500
Scicom
MSC
Bhd
42,286
0.0
196,600
Spritzer
BHD
145,697
0.0
46
Uchi
Technologies
Bhd
36
0.0
100,400
Wasco
Bhd
23,503
0.0
583,537
0.1
Malta
:
0.0%
3,219
(2)
Kambi
Group
PLC
42,502
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
International
Small
Cap
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Mexico
:
0.0%
20,048
Megacable
Holdings
SAB
de
CV
$
70,379
0.0
Monaco
:
0.0%
2,575
Costamare,
Inc.
43,208
0.0
Netherlands
:
2.3%
6,989
AMG
Critical
Materials
NV
298,989
0.1
18,908
ASR
Nederland
NV
1,373,306
0.3
8,372
BE
Semiconductor
Industries
NV
1,629,560
0.3
5,312
Corbion
NV
127,591
0.0
39,277
(3)
CTP
NV
856,269
0.2
9,845
(3)
Euronext
NV
1,378,834
0.3
2,801
(1)
Flow
Traders
Ltd.
91,124
0.0
12,019
ForFarmers
NV
79,485
0.0
31,973
Havas
NV
660,628
0.1
2,967
Kendrion
NV
52,266
0.0
258,307
Koninklijke
BAM
Groep
NV
2,709,058
0.5
9,335
Koninklijke
Heijmans
N.V
760,622
0.2
551
Nedap
NV
56,874
0.0
326,834
(1)
Pharming
Group
NV
666,348
0.1
31,851
SBM
Offshore
NV
1,144,100
0.2
2,219
Van
Lanschot
Kempen
NV
134,559
0.0
12,019,613
2.3
New
Zealand
:
0.1%
17,406
Channel
Infrastructure
NZ
Ltd.
30,497
0.0
4,684
Hallenstein
Glasson
Holdings
Ltd.
27,971
0.0
44,872
Heartland
Group
Holdings
Ltd.
32,556
0.0
60,592
(1)
Ryman
Healthcare
Ltd.
101,551
0.0
51,430
SKY
Network
Television
Ltd.
103,298
0.1
295,873
0.1
Nigeria
:
0.0%
7,826
(1)
IHS
Holding
Ltd.
62,530
0.0
Norway
:
0.6%
29,187
ABG
Sundal
Collier
Holding
ASA
24,518
0.0
2,658
Bonheur
ASA
69,580
0.0
170
Bouvet
ASA
1,027
0.0
31,972
Deep
Value
Driller
AS
72,205
0.0
38,183
DOF
Group
ASA
446,897
0.1
18,568
Kitron
ASA
159,599
0.1
4,392
(3)
Klaveness
Combination
Carriers
ASA
40,361
0.0
233,824
MPC
Container
Ships
ASA
453,156
0.1
15,728
Norconsult
Norge
AS
74,169
0.0
532,166
Norwegian
Air
Shuttle
ASA
898,278
0.2
3,970
Odfjell
SE
-
Class
A
56,006
0.0
31,777
(1)
OKEA
ASA
77,464
0.0
91,865
SATS
ASA
382,887
0.1
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Norway
(continued)
1,938
SpareBank
1
Nord
Norge
$
29,545
0.0
2,721
Sparebank
1
Oestlandet
55,310
0.0
1,592
Sparebanken
More
18,151
0.0
2,084
Wilh
Wilhelmsen
Holding
ASA
-
Class
A
148,231
0.0
3,137
Zalaris
ASA
29,056
0.0
3,036,440
0.6
Peru
:
0.0%
41,854
Ferreycorp
SAA
50,678
0.0
Philippines
:
0.0%
17,390
Ginebra
San
Miguel,
Inc.
85,945
0.0
1,081,000
Megaworld
Corp.
40,323
0.0
527,000
Nickel
Asia
Corp.
48,242
0.0
174,510
0.0
Poland
:
0.3%
1,937
Amica
SA
32,710
0.0
4,943
(1)
Arctic
Paper
SA
11,311
0.0
1,875
Asseco
South
Eastern
Europe
SA
39,527
0.0
1,206
BNPP
Bank
Polska
SA
49,635
0.0
116,962
Enea
SA
722,268
0.2
2,181
NEWAG
SA
76,485
0.0
102
Stalprodukt
SA
7,522
0.0
3,626
TEN
Square
Games
SA
117,059
0.0
25,744
(3)
XTB
SA
613,560
0.1
1,670,077
0.3
Portugal
:
0.1%
2,961
Ibersol
SGPS
SA
37,380
0.0
5,195
(2)
Mota-Engil
SGPS
SA
27,438
0.0
34,273
REN
-
Redes
Energeticas
Nacionais
SGPS
SA
139,752
0.1
56,765
Sonae
SGPS
SA
119,124
0.0
323,694
0.1
Qatar
:
0.0%
24,492
Medicare
Group
43,266
0.0
Singapore
:
1.2%
31,200
(2)
Aztech
Global
Ltd.
16,175
0.0
134,300
Banyan
Tree
Holdings
Ltd.
70,869
0.0
38,000
CDL
Hospitality
Trusts
25,877
0.0
23,400
Centurion
Corp.
Ltd.
27,957
0.0
29,800
(2)
CSE
Global
Ltd.
26,310
0.0
490,700
Geo
Energy
Resources
Ltd.
164,328
0.0
78,000
Hong
Leong
Asia
Ltd.
210,523
0.0
56,100
iFAST
Corp.
Ltd.
465,214
0.1
314,847
IGG,
Inc.
148,504
0.0
526,900
Keppel
DC
REIT
944,154
0.2
1,624,500
(1)
Keppel
Pacific
Oak
US
REIT
398,505
0.1
212,400
KSH
Holdings
Ltd.
57,546
0.0
579,000
Marco
Polo
Marine
Ltd.
68,273
0.0
104,125
OKP
Holdings
Ltd.
68,828
0.0
27,800
OUE
Ltd.
25,787
0.0
114,100
Pacific
Century
Regional
Developments
Ltd.
43,502
0.0
25,325
Samudera
Shipping
Line
Ltd.
22,117
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
International
Small
Cap
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Singapore
(continued)
276,500
SATS
Ltd.
$
823,733
0.2
413,200
Sheng
Siong
Group
Ltd.
883,786
0.2
22,700
Sing
Holdings
Ltd.
11,357
0.0
19,950
Sing
Investments
&
Finance
Ltd.
26,033
0.0
31,892
Tai
Sin
Electric
Ltd.
12,503
0.0
163,200
UOL
Group
Ltd.
1,393,822
0.3
32,400
Valuemax
Group
Ltd.
29,800
0.0
37,700
Venture
Corp.
Ltd.
484,110
0.1
226,100
Wee
Hur
Holdings
Ltd.
158,188
0.0
6,607,801
1.2
South
Africa
:
0.6%
14,111
AECI
Ltd.
82,786
0.0
30,418
African
Rainbow
Minerals
Ltd.
445,133
0.1
15,535
Astral
Foods
Ltd.
264,000
0.1
540
DRDGOLD
Ltd.,
ADR
17,183
0.0
3,651
(2)
Karooooo
Ltd.
182,733
0.0
261,605
Pan
African
Resources
PLC
463,003
0.1
74,521
(1)(3)
Scatec
ASA
890,263
0.2
105,560
Super
Group
Ltd./South
Africa
113,443
0.0
32,741
Tiger
Brands
Ltd.
680,694
0.1
3,139,238
0.6
South
Korea
:
6.6%
9,642
(1)
AfreecaTV
Co.
Ltd.
493,041
0.1
4,910
(1)
Ahnlab,
Inc.
226,594
0.1
2,285
(1)
Anapass,
Inc.
28,114
0.0
4,710
Asia
Paper
Manufacturing
Co.
Ltd.
25,454
0.0
4,939
Baiksan
Co.
Ltd.
43,487
0.0
1,801
CJ
Logistics
Corp.
129,565
0.0
30,083
(1)
Classys,
Inc.
1,547,527
0.3
10,119
(1)
Com2uSCorp
258,464
0.1
1,631
(1)
Cuckoo
Holdings
Co.
Ltd.
30,764
0.0
4,310
(1)
D&C
Media
Co.
Ltd.
36,400
0.0
20,803
(1)
Dae
Hyun
Co.
Ltd.
23,919
0.0
6,318
(1)
Daewoong
Pharmaceutical
Co.
Ltd.
739,888
0.2
2,024
Daou
Technology,
Inc.
74,487
0.0
17,316
DB
HiTek
Co.
Ltd.
1,263,391
0.3
11,281
(1)
Devsisters
Co.
Ltd.
299,937
0.1
11,558
DGB
Financial
Group,
Inc.
124,279
0.0
7,476
(1)
DL
E&C
Co.
Ltd.
229,520
0.1
4,561
(4)
DMS
Co.
Ltd.
20,058
0.0
1,449
Dongwon
Industries
Co.
Ltd.
41,714
0.0
12,113
(1)
DoubleDown
Interactive
Co.
Ltd.,
ADR
102,476
0.0
6,437
DoubleUGames
Co.
Ltd.
238,846
0.1
2,626
DY
POWER
Corp.
23,891
0.0
935
E1
Corp.
57,628
0.0
8,070
E-MART,
Inc.
509,371
0.1
9,252
(1)
EM-Tech
Co.
Ltd.
52,472
0.0
1,979
(1)
ENF
Technology
Co.
Ltd.
80,176
0.0
6,002
Eugene
Technology
Co.
Ltd.
456,440
0.1
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
South
Korea
(continued)
8,077
Eusu
Holdings
Co.
Ltd.
$
33,022
0.0
1,831
(1)
F&F
Co.
Ltd.
92,553
0.0
923
(1)
FLITTO,
Inc.
10,384
0.0
1,195
(1)
Fursys,
Inc.
35,076
0.0
26
(1)
Gabia,
Inc.
602
0.0
3,043
(1)
Global
Standard
Technology
Co.
Ltd.
60,987
0.0
9,983
(1)
Golfzon
Newdin
Holdings
Co.
Ltd.
32,593
0.0
4,417
(1)
Gravity
Co.
Ltd.,
ADR
307,158
0.1
16,131
H.PIO
Co.
Ltd.
27,344
0.0
6,364
(1)
Han
Kuk
Carbon
Co.
Ltd.
148,963
0.0
6,611
(1)
Hanjin
Heavy
Industries
&
Construction
Holdings
Co.
Ltd.
22,520
0.0
142,137
(1)
Hanwha
General
Insurance
Co.
Ltd.
597,660
0.1
24,147
(1)
Hanwha
Life
Insurance
Co.
Ltd.
58,382
0.0
4,150
(1)
Hanyang
Securities
Co.
Ltd.
58,744
0.0
1,383
(1)
HD
Hyundai
Energy
Solutions
Co.
Ltd.
50,971
0.0
13,701
(1)
HD-Hyundai
Marine
Engine
839,212
0.2
10,516
(1)
Heungkuk
Fire
&
Marine
Insurance
Co.
Ltd.
26,442
0.0
3,982
HL
Mando
Co.
Ltd.
176,438
0.0
919
(1)
HS
Hyosung
Corp.
39,507
0.0
1,441
Huons
Co.
Ltd.
27,490
0.0
530
(1)
Hyosung
Heavy
Industries
Corp.
950,587
0.2
3,782
Hyundai
Livart
Furniture
Co.
Ltd.
17,281
0.0
5,748
Hyundai
Rotem
Co.
Ltd.
919,079
0.2
10,643
Hyundai
Wia
Corp.
635,470
0.1
2,040
(1)
IDIS
Holdings
Co.
Ltd.
16,698
0.0
19,655
(1)
Iljin
Electric
Co.
Ltd.
906,829
0.2
1,942
(1)
Intelligent
Digital
Integrated
Security
Co.
Ltd.
24,064
0.0
5,183
(1)
ISC
Co.
Ltd.
536,338
0.1
20,979
IsuPetasys
Co.
Ltd.
1,694,383
0.3
5,617
(1)
Jahwa
Electronics
Co.
Ltd.
116,661
0.0
100,651
JB
Financial
Group
Co.
Ltd.
1,756,136
0.3
5,213
(1)
Jin
Air
Co.
Ltd.
24,515
0.0
7,663
(1)
Jusung
Engineering
Co.
Ltd.
217,935
0.1
4,796
KC
Tech
Co.
Ltd./New
155,399
0.0
10,738
(1)
KG
Chemical
Corp.
44,072
0.0
4,578
KIWOOM
Securities
Co.
Ltd.
1,407,183
0.3
3,639
Kolon
Industries,
Inc.
138,267
0.0
2,516
(1)
KoMiCo
Ltd.
218,887
0.1
5,472
Korea
District
Heating
Corp.
378,370
0.1
8,628
(1)
Korea
Fuel-Tech
Corp.
46,902
0.0
17,223
Korean
Reinsurance
Co.
140,705
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
International
Small
Cap
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
South
Korea
(continued)
356
KPX
Chemical
Co.
Ltd.
$
11,906
0.0
396
(1)(4)
KPX
Electrochem
Co.
Ltd.
825
0.0
5,455
(1)
KT
Millie
Seojae
Co.
Ltd.
52,576
0.0
35,244
(1)
KTCS
Corp.
66,875
0.0
31,040
(1)
LEENO
Industrial,
Inc.
2,259,952
0.4
73
LF
Corp.
973
0.0
4,839
LG
Innotek
Co.
Ltd.
821,670
0.2
7,130
(1)
LOT
Vacuum
Co.
Ltd.
68,015
0.0
4,280
Lotte
Chemical
Corp.
247,007
0.1
3,276
LOTTE
Himart
Co.
Ltd.
16,523
0.0
1,941
LX
Hausys
Ltd.
39,007
0.0
4,160
LX
Semicon
Co.
Ltd.
157,777
0.0
2,831
(1)
Maeil
Dairies
Co.
Ltd.
69,428
0.0
13,658
(1)
Magnachip
Semiconductor
Corp.
39,608
0.0
2,992
(1)
MAKUS,
Inc.
49,616
0.0
11,730
Mcnex
Co.
Ltd.
247,473
0.1
2,740
(1)
MegaStudyEdu
Co.
Ltd.
88,507
0.0
8,615
(1)
Modetour
Network,
Inc.
67,445
0.0
4,672
(1)
mPlus
Corp.
40,494
0.0
3,002
Nature
Holdings
Co.
Ltd.
16,726
0.0
3,086
NeoPharm
Co.
Ltd.
40,079
0.0
1,607
(1)
Neowiz
33,969
0.0
613
(1)
NEOWIZ
HOLDINGS
Corp.
12,521
0.0
4,554
(1)
NEPES
Corp.
60,063
0.0
21,500
(1)(3)
Netmarble
Corp.
786,477
0.2
6,342
Nexen
Tire
Corp.
35,415
0.0
2,214
NICE
Holdings
Co.
Ltd.
21,414
0.0
150
Nice
Information
&
Telecommunication,
Inc.
2,538
0.0
13,277
NICE
Information
Service
Co.
Ltd.
159,641
0.0
6,191
(1)
NOROO
Paint
&
Coatings
Co.
Ltd.
35,608
0.0
32,724
(1)
Pan
Ocean
Co.
Ltd.
106,603
0.0
3,140
(1)
PHA
Co.
Ltd.
25,704
0.0
16,805
Poongsan
Corp.
1,532,295
0.3
1,507
Poongsan
Holdings
Corp.
43,386
0.0
19,256
(1)
PSK,
Inc.
813,527
0.2
3,023
(1)
Rayence
Co.
Ltd.
10,627
0.0
2,617
RFHIC
Corp.
86,428
0.0
87,913
(4)
S&C
Engine
Group
Ltd.
—
—
8,006
(1)
Sam
Young
Electronics
Co.
Ltd.
63,047
0.0
3,060
Samchully
Co.
Ltd.
304,608
0.1
2,982
(1)
Sammok
S-Form
Co.
Ltd.
40,937
0.0
42,440
Samsung
Engineering
Co.
Ltd.
903,391
0.2
1,025
(1)
Samyang
Holdings
Corp.
43,214
0.0
10,711
(1)
Sanil
Electric
Co.
Ltd.
1,086,646
0.2
121
SeAH
Holdings
Corp.
13,593
0.0
19,401
(1)
Sebang
Co.
Ltd.
195,050
0.1
1,306
(1)
Seoul
City
Gas
Co.
Ltd.
60,088
0.0
7,707
(1)
Seoul
Semiconductor
Co.
Ltd.
41,467
0.0
8,661
(1)
Seoyon
Co.
Ltd.
64,113
0.0
29,128
(1)
Silicon2
Co.
Ltd.
1,069,736
0.2
1,299
SK
Chemicals
Co.
Ltd.
60,370
0.0
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
South
Korea
(continued)
4,164
(1)
SL
Corp.
$
160,346
0.0
4,689
Songwon
Industrial
Co.
Ltd.
29,512
0.0
1,330
(1)
Spigen
Korea
Co.
Ltd.
20,882
0.0
1,953
(1)
Suprema,
Inc.
59,087
0.0
69
(1)
Taekwang
Industrial
Co.
Ltd.
41,689
0.0
24,076
(1)
Tongyang
Life
Insurance
Co.
Ltd.
114,921
0.0
8,741
(1)
TY
Holdings
Co.
Ltd./
Korea
15,079
0.0
22,998
TYM
Corp.
113,013
0.0
3,472
(1)
Ubiquoss,
Inc.
28,943
0.0
5,491
(1)
Uju
Electronics
Co.
Ltd.
120,117
0.0
2,342
(1)
Unid
Co.
Ltd.
129,517
0.0
5,262
(1)
Uniquest
Corp.
23,527
0.0
2,705
(1)
Vieworks
Co.
Ltd.
53,072
0.0
3,416
(1)
Wins
Co.
Ltd.
26,034
0.0
4,222
WiSoL
Co.
Ltd.
17,891
0.0
19,452
(1)
WONIK
IPS
Co.
Ltd.
1,530,272
0.3
23,108
Xexymix
Corp.
84,369
0.0
8,357
Xi
S&D,
Inc.
24,094
0.0
4,112
(1)
Zeus
Co.
Ltd.
55,791
0.0
5,956
Zinus,
Inc.
51,934
0.0
34,964,760
6.6
Spain
:
3.4%
12,835
Almirall
SA
192,132
0.0
480
Arteche
Lantegi
Elkartea
SA
13,200
0.0
100,177
Atalaya
Mining
PLC
1,403,174
0.3
394,833
Bankinter
SA
6,739,813
1.3
24,895
Cia
de
Distribucion
Integral
Logista
Holdings
SA
908,091
0.2
5,414
CIE
Automotive
SA
184,430
0.0
1,331
Construcciones
y
Auxiliar
de
Ferrocarriles
SA
88,729
0.0
1,196
(1)
Distribuidora
Internacional
de
Alimentacion
SA
55,496
0.0
41,867
(2)
Indra
Sistemas
SA
2,706,040
0.5
594,489
Mapfre
SA
2,720,235
0.5
26,773
Melia
Hotels
International
SA
238,870
0.0
99,030
Merlin
Properties
Socimi
SA
1,473,889
0.3
7,389
Naturhouse
Health
SAU
22,948
0.0
3,639
Pharma
Mar
SA
340,455
0.1
9,050
(1)
Tecnicas
Reunidas
SA
342,676
0.1
137,039
(3)
Unicaja
Banco
SA
469,619
0.1
17,899,797
3.4
Sweden
:
2.2%
17,944
Acast
AB
60,525
0.0
22,622
Alleima
AB
197,710
0.1
3,231
(3)
Ambea
AB
49,331
0.0
28,390
Arjo
AB
-
Class
B
85,107
0.0
77,866
Avanza
Bank
Holding
AB
3,033,849
0.6
5,556
Bahnhof
AB
-
Class
B
33,308
0.0
3,895
Beijer
Alma
AB
115,750
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
International
Small
Cap
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Sweden
(continued)
14,518
Betsson
AB
-
Class
B
$
170,464
0.0
9,294
BioGaia
AB
-
Class
B
114,314
0.0
2,792
Bufab
AB
30,906
0.0
29,992
Byggmax
Group
AB
190,389
0.1
129,720
(1)
Cantargia
AB
79,660
0.0
2
(1)
Careium
AB
6
0.0
764
Cellavision
AB
12,643
0.0
6,773
Cheffelo
AB
79,991
0.0
3,712
Clas
Ohlson
AB
-
Class
B
127,102
0.0
45,314
Elekta
AB
-
Class
B
291,288
0.1
3,589
(1)
Enea
AB
26,955
0.0
5,189
Fagerhult
Group
AB
21,876
0.0
7,083
(1)
Fasadgruppen
Group
AB
21,304
0.0
2,964
G5
Entertainment
AB
31,292
0.0
1,537
Granges
AB
25,779
0.0
37,810
(1)
Hacksaw
AB
240,592
0.1
5,084
Hanza
AB
79,440
0.0
4,336
(3)
Hoist
Finance
AB
60,994
0.0
14,164
Lagercrantz
Group
AB
-
Class
B
310,342
0.1
1,914
Loomis
AB
79,424
0.0
3,845
(1)
Medcap
AB
212,205
0.1
28,617
Mycronic
AB
658,709
0.1
47,526
NCC
AB
-
Class
B
1,216,986
0.2
9,945
(1)
Nelly
Group
AB
149,683
0.0
4,929
Nolato
AB
-
Class
B
32,214
0.0
15,467
Note
AB
287,707
0.1
7,331
(1)(2)
Orexo
AB
24,649
0.0
7,287
Paradox
Interactive
AB
106,221
0.0
8,531
Rusta
AB
78,432
0.0
38,499
Rvrc
Holding
AB
295,798
0.1
8,136
Scandi
Standard
AB
98,675
0.0
12,703
(3)
Scandic
Hotels
Group
AB
126,938
0.0
22,723
Stenhus
Fastigheter
I
Norden
AB
28,775
0.0
59,339
(1)
Stillfront
Group
AB
36,711
0.0
633,155
Storskogen
Group
AB
-
Class
B
768,713
0.2
66,679
(1)
Storytel
AB
633,239
0.1
4,056
Svedbergs
Group
AB
30,144
0.0
10,275
Synsam
AB
75,569
0.0
7,521
Systemair
AB
73,207
0.0
18,194
Truecaller
AB
-
Class
B
31,505
0.0
576
VBG
Group
AB
-
Class
B
24,891
0.0
88,396
Wihlborgs
Fastigheter
AB
913,314
0.2
11,474,626
2.2
Switzerland
:
6.4%
10,434
(1)
AC
Immune
SA
33,284
0.0
38,185
Accelleron
Industries
AG
3,657,629
0.7
34,796
(1)
Adecco
Group
AG
1,022,529
0.2
2,831
Allreal
Holding
AG
828,104
0.2
141
APG
SGA
SA
38,485
0.0
967
Autoneum
Holding
AG
158,161
0.0
2,155
(1)
Basilea
Pharmaceutica
AG,
Reg
150,937
0.0
348
Berner
Kantonalbank
AG
145,224
0.0
2,177
(1)
Burkhalter
Holding
AG
395,641
0.1
2,756
Cembra
Money
Bank
AG
352,305
0.1
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Switzerland
(continued)
258
Cie
Financiere
Tradition
SA
-
Class
BR
$
98,287
0.0
9,618
DKSH
Holding
AG
705,693
0.1
3,120
dormakaba
Holding
AG
234,633
0.1
657
(1)
Dottikon
Es
Holding
AG
316,564
0.1
62,301
Dufry
AG,
Reg
3,814,161
0.7
33,563
EFG
International
AG
857,702
0.2
16,086
(3)
Galenica
AG
2,010,711
0.4
160
Hiag
Immobilien
Holding
AG
25,747
0.0
663
Huber
+
Suhner
AG,
Reg
134,095
0.0
6,232
(1)
Implenia
AG
596,827
0.1
1,036
Inficon
Holding
AG
163,948
0.0
412
Intershop
Holding
AG
89,283
0.0
35,722
Julius
Baer
Group
Ltd.
2,983,871
0.6
221
Jungfraubahn
Holding
AG
87,089
0.0
2,017
Kardex
Holding
AG
709,052
0.1
236,819
(1)
Kongsberg
Automotive
ASA
53,116
0.0
2,418
Luzerner
Kantonalbank
AG
308,044
0.1
2,830
(3)
Medacta
Group
SA
605,536
0.1
532
(1)(2)(3)
Medartis
Holding
AG
62,167
0.0
737
Mikron
Holding
AG,
Reg
16,466
0.0
23,085
(1)
On
Holding
AG
-
Class
A
1,044,596
0.2
9,770
PSP
Swiss
Property
AG,
Reg
1,961,026
0.4
819
R&S
Group
Holding
AG
17,088
0.0
322
(1)(3)
Sensirion
Holding
AG
24,056
0.0
36,101
(1)
Sportradar
Group
AG
-
Class
A
653,789
0.1
8,413
Sulzer
AG,
Reg
1,812,726
0.3
7,252
Swissquote
Group
Holding
SA,
Reg
4,128,610
0.8
3,459
Tecan
Group
AG,
Reg
609,425
0.1
24,941
Temenos
AG
2,204,134
0.4
293
(1)
Vaudoise
Assurances
Holding
SA
279,072
0.1
1,398
Ypsomed
Holding
AG
553,280
0.1
6
Zug
Estates
Holding
AG
-
Class
B
18,084
0.0
33,961,177
6.4
Taiwan
:
0.9%
45,000
Arcadyan
Technology
Corp.
255,559
0.1
4,000
ASROCK,
Inc.
27,191
0.0
20,000
Cenra,
Inc.
21,553
0.0
22,950
CviLux
Corp.
62,333
0.0
108,000
Darwin
Precisions
Corp.
43,757
0.0
38,000
Ennoconn
Corp.
339,771
0.1
71,000
Everlight
Electronics
Co.
Ltd.
125,052
0.0
19,000
Fitipower
Integrated
Technology,
Inc.
88,193
0.0
70,000
FocalTech
Systems
Co.
Ltd.
118,469
0.0
25,000
FY
Group
Ltd.
35,953
0.0
61,661
(1)
General
Interface
Solution
Holding
Ltd.
75,858
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
International
Small
Cap
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Taiwan
(continued)
27,000
Genius
Electronic
Optical
Co.
Ltd.
$
386,384
0.1
15,000
Global
Lighting
Technologies,
Inc.
18,931
0.0
26,000
Global
Mixed
Mode
Technology,
Inc.
199,195
0.0
28,343
Himax
Technologies,
Inc.,
ADR
230,429
0.0
25,000
(1)
Holtek
Semiconductor,
Inc.
37,004
0.0
18,000
ITE
Technology,
Inc.
68,312
0.0
97,000
Kinsus
Interconnect
Technology
Corp.
770,435
0.2
14,000
Lida
Holdings
Ltd.
10,485
0.0
11,000
Lumax
International
Corp.
Ltd.
41,574
0.0
62,000
Pixart
Imaging,
Inc.
391,164
0.1
77,000
Primax
Electronics
Ltd.
192,059
0.0
7,000
Raydium
Semiconductor
Corp.
51,339
0.0
19,000
Rich
Honour
International
Designs
Co.
Ltd.
26,773
0.0
125,000
(1)
Sunplus
Technology
Co.
Ltd.
86,950
0.0
16,000
Sunrex
Technology
Corp.
19,091
0.0
15,000
Taiwan
Semiconductor
Co.
Ltd.
30,154
0.0
79,000
Taiwan
Surface
Mounting
Technology
Corp.
230,451
0.1
7,000
Tofu
Restaurant
Co.
Ltd.
45,948
0.0
7,000
Topview
Optronics
Corp.
15,326
0.0
36,000
Ubright
Optronics
Corp.
64,002
0.0
120,000
Win
Semiconductors
Corp.
887,337
0.2
4,997,032
0.9
Thailand
:
0.4%
206,600
Advanced
Information
Technology
PCL
32,699
0.0
352,800
Amata
Corp.
PCL
175,280
0.1
162,700
Bangkok
Life
Assurance
PCL
110,114
0.0
4,219,500
IRPC
PCL
155,698
0.0
234,400
MC
Group
PCL
86,291
0.0
49,800
Mega
Lifesciences
PCL
57,072
0.0
184,700
Ratchaphruek
Hospital
PCL
28,763
0.0
132,800
Regional
Container
Lines
PCL
116,065
0.0
69,600
Somboon
Advance
Technology
PCL
32,722
0.0
3,919,400
Star
Petroleum
Refining
PCL
843,448
0.2
13,700
Thai
Stanley
Electric
PCL
82,930
0.0
52,020
(1)
Valeura
Energy,
Inc.
385,857
0.1
33,100
Zen
Corp.
Group
PCL
6,207
0.0
2,113,146
0.4
Turkey
:
0.1%
18,207
(1)
Eldorado
Gold
Corp.
781,150
0.1
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
United
Arab
Emirates
:
0.2%
240,373
Alef
Education
Holding
PLC
$
67,416
0.0
25,524
Commercial
Bank
of
Dubai
PSC
67,763
0.0
348,006
(1)
RAK
Properties
PJSC
123,188
0.0
40,675
Ras
Al
Khaimah
Ceramics
28,140
0.0
450,728
Sharjah
Islamic
Bank
438,148
0.1
58,169
(1)
Yalla
Group
Ltd.,
ADR
410,091
0.1
1,134,746
0.2
United
Kingdom
:
9.0%
3,480
4imprint
Group
PLC
194,972
0.0
3,289
AG
Barr
PLC
28,700
0.0
21,529
(3)
Alfa
Financial
Software
Holdings
PLC
63,565
0.0
4,660
Anglo-Eastern
Plantations
PLC
93,884
0.0
11,374
(1)
Applied
Nutrition
PLC
36,204
0.0
6,541
Avon
Technologies
PLC
156,989
0.0
103,014
Babcock
International
Group
PLC
2,031,061
0.4
165,084
Balfour
Beatty
PLC
1,616,548
0.3
135,115
Barratt
Developments
PLC
719,449
0.1
126,447
Beazley
PLC
1,964,415
0.4
30,052
(1)
Bicycle
Therapeutics
PLC,
ADR
192,934
0.0
176,233
British
Land
Co.
PLC
1,005,217
0.2
23,327
Central
Asia
Metals
PLC
71,341
0.0
29,137
(3)
CMC
Markets
PLC
130,174
0.0
28,476
Computacenter
PLC
1,303,280
0.3
310,195
(3)
ConvaTec
Group
PLC
978,450
0.2
76,177
Costain
Group
PLC
184,498
0.0
15,249
Cranswick
PLC
1,097,546
0.2
913,302
Currys
PLC
1,830,301
0.4
57,070
dotdigital
group
PLC
57,862
0.0
111,730
Drax
Group
PLC
1,377,495
0.3
2,500
(1)
Eagle
Eye
Solutions
Group
PLC
13,068
0.0
84,048
easyJet
PLC
549,922
0.1
63,688
(1)
Endava
PLC,
ADR
402,508
0.1
250,298
EnQuest
PLC
42,423
0.0
89,865
Entain
PLC
745,538
0.1
9,755
FDM
Group
Holdings
PLC
21,517
0.0
28,901
Foresight
Group
Holdings
Ltd.
167,520
0.0
17,862
(3)
Forterra
PLC
43,333
0.0
74,717
Foxtons
Group
PLC
54,816
0.0
721
Fuller
Smith
&
Turner
PLC
-
Class
A
6,646
0.0
4,249
Games
Workshop
Group
PLC
991,238
0.2
85,471
(1)
Gem
Diamonds
Ltd.
3,479
0.0
20,929
Genus
PLC
907,124
0.2
6,026
Global
Ship
Lease,
Inc.
-
Class
A
226,216
0.1
346,019
Harbour
Energy
PLC
1,108,270
0.2
992
Hargreaves
Services
PLC
10,180
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
International
Small
Cap
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
United
Kingdom
(continued)
2,224
Helical
PLC
$
5,868
0.0
43,361
Hikma
Pharmaceuticals
PLC
909,553
0.2
20,947
Hunting
PLC
127,442
0.0
27,791
IMI
PLC
1,049,448
0.2
11,064
(1)
Immunocore
Holdings
PLC,
ADR
360,133
0.1
36,180
Impax
Asset
Management
Group
PLC
80,987
0.0
92,750
Inchcape
PLC
1,036,253
0.2
15,809
IntegraFin
Holdings
PLC
76,105
0.0
32,856
Intermediate
Capital
Group
PLC
817,565
0.2
45,082
International
Personal
Finance
PLC
145,241
0.0
114,749
Investec
PLC
-
GBP
954,658
0.2
425,333
Investec
PLC
-
ZAR
3,497,453
0.7
97,267
JET2
PLC
1,648,903
0.3
18,277
Johnson
Matthey
PLC
591,037
0.1
17,540
Jupiter
Fund
Management
PLC
45,088
0.0
19,639
Kainos
Group
PLC
241,793
0.1
350,251
Kingfisher
PLC
1,614,087
0.3
24,100
Liontrust
Asset
Management
PLC
78,073
0.0
416,722
LondonMetric
Property
PLC
1,143,935
0.2
15,400
Man
Group
PLC/Jersey
55,585
0.0
29,177
Marex
Group
PLC
1,151,908
0.2
183,230
(1)
Marston's
PLC
151,436
0.0
8,059
McBride
PLC
17,688
0.0
31,691
Mears
Group
PLC
159,364
0.0
488,529
Mitie
Group
PLC
1,120,366
0.2
11,320
Moneysupermarket.com
Group
PLC
28,897
0.0
5,425
Morgan
Sindall
Group
PLC
365,967
0.1
45,557
Next
Fifteen
Communications
Group
PLC
219,581
0.1
14,527
Ninety
One
PLC
50,573
0.0
13,294
Norcros
PLC
64,759
0.0
125,336
OSB
Group
PLC
1,047,586
0.2
77,708
Paragon
Banking
Group
PLC
944,222
0.2
14,166
Paratus
Energy
Services
Ltd.
68,830
0.0
33,896
Polar
Capital
Holdings
PLC
273,594
0.1
38,508
Severfield
PLC
14,370
0.0
61,518
Softcat
PLC
1,204,770
0.2
214,184
Speedy
Hire
PLC
75,028
0.0
79,673
St
James's
Place
PLC
1,663,991
0.3
4,578
Tatton
Asset
Management
PLC
42,597
0.0
43,954
TP
ICAP
Group
PLC
153,329
0.0
226,298
(1)(3)
Trainline
PLC
634,206
0.1
418,659
Tritax
Big
Box
REIT
PLC
950,323
0.2
23,768
(1)(3)
Trustpilot
Group
PLC
59,907
0.0
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
United
Kingdom
(continued)
113,576
(1)(3)
Watches
of
Switzerland
Group
PLC
$
808,958
0.2
19,873
Weir
Group
PLC
877,762
0.2
43,682
Wickes
Group
PLC
136,280
0.0
67,284
XPS
Pensions
Group
PLC
318,554
0.1
47,512,736
9.0
United
States
:
2.6%
19,620
BRP,
Inc.
1,480,812
0.3
31,591
Buzzi
Unicem
SpA
1,798,216
0.3
19,643
(1)
Carnival
PLC,
ADR
585,165
0.1
67,429
(1)
Constellium
SE
1,515,129
0.3
15,685
(1)
Fiverr
International
Ltd.
262,724
0.0
41,438
(1)
IMAX
Corp.
1,446,600
0.3
47,475
(1)
Indivior
Pharmaceuticals,
Inc.
1,679,665
0.3
71,662
(1)
Kiniksa
Pharmaceuticals
International
PLC
3,147,395
0.6
24,992
Navigator
Holdings
Ltd.
463,102
0.1
20,244
QIAGEN
NV
1,073,325
0.2
107,591
(1)
Riskified
Ltd.
-
Class
A
458,338
0.1
13,910,471
2.6
Total
Common
Stock
(Cost
$395,366,913)
513,837,036
96.9
EXCHANGE-TRADED
FUNDS
:
0.4%
9,127
iShares
MSCI
EAFE
Small-Cap
ETF
746,315
0.2
18,535
Vanguard
FTSE
Developed
Markets
ETF
1,227,017
0.2
1,973,332
0.4
Total
Exchange-Traded
Funds
(Cost
$1,996,714)
1,973,332
0.4
PREFERRED
STOCK
:
0.2%
Germany
:
0.2%
555
(1)
Einhell
Germany
AG
57,845
0.0
12,522
Fuchs
Petrolub
SE
541,289
0.1
8,090
Jungheinrich
AG
348,152
0.1
198
KSB
SE
&
Co.
KGaA
251,864
0.0
182
STO
SE
&
Co.
KGaA
25,514
0.0
1,224,664
0.2
Total
Preferred
Stock
(Cost
$1,077,887)
1,224,664
0.2
RIGHT
:
0.0%
Australia
:
—%
25,646
29Metals
Ltd.
—
—
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
International
Small
Cap
Fund
Shares
RA
Value
Percentage
of
Net
Assets
RIGHT:
(continued)
Taiwan
:
0.0%
11,145
Kinsus
Interconnect
Technology
Corp.
$
38,050
0.0
Total
Right
(Cost
$–)
38,050
0.0
Total
Long-Term
Investments
(Cost
$398,441,514)
517,073,082
97.5
Principal
Amount
†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
1.5%
Repurchase
Agreements
:
0.8%
1,095,733
(5)
Bank
of
Montreal,
Repurchase
Agreement
dated
01/30/2026,
3.670%,
due
02/02/2026
(Repurchase
Amount
$1,096,064,
collateralized
by
various
U.S.
Government
Agency
Obligations,
2.000%-
8.000%,
Market
Value
plus
accrued
interest
$1,117,648,
due
09/20/50-11/20/65)
1,095,733
0.2
1,165,674
(5)
Citadel
Securities
LLC,
Repurchase
Agreement
dated
01/30/2026,
3.710%,
due
02/02/2026
(Repurchase
Amount
$1,166,029,
collateralized
by
various
U.S.
Government
Securities,
0.000%-4.500%,
Market
Value
plus
accrued
interest
$1,189,355,
due
02/15/26-11/15/55)
1,165,674
0.2
294,114
(5)
HSBC
Securities
(USA)
Inc.,
Repurchase
Agreement
dated
01/30/2026,
3.670%,
due
02/02/2026
(Repurchase
Amount
$294,203,
collateralized
by
various
U.S.
Government
Securities,
3.875%-4.500%,
Market
Value
plus
accrued
interest
$299,996,
due
12/31/31-05/15/43)
294,114
0.1
Principal
Amount†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS:
(continued)
Repurchase
Agreements
(continued)
1,107,303
(5)
State
of
Wisconsin
Investment
Board,
Repurchase
Agreement
dated
01/30/2026,
3.770%,
due
02/02/2026
(Repurchase
Amount
$1,107,646,
collateralized
by
various
U.S.
Government
Securities,
0.125%-3.875%,
Market
Value
plus
accrued
interest
$1,126,670,
due
04/15/28-02/15/55)
$
1,107,303
0.2
354,593
(5)
TD
Securities
(USA)
LLC,
Repurchase
Agreement
dated
01/30/2026,
3.670%,
due
02/02/2026
(Repurchase
Amount
$354,700,
collateralized
by
various
U.S.
Government
Agency
Obligations,
2.000%-8.000%,
Market
Value
plus
accrued
interest
$361,685,
due
02/20/52-01/20/56)
354,593
0.1
Total
Repurchase
Agreements
(Cost
$4,017,417)
4,017,417
0.8
Time
Deposits
:
0.2%
100,000
(5)
Canadian
Imperial
Bank
of
Commerce,
3.630
%,
02/02/2026
100,000
0.0
110,000
(5)
Credit
Agricole
Corporate
and
Investment
Bank,
3.600
%,
02/02/2026
110,000
0.0
100,000
(5)
HSBC
Bank
PLC,
3.700
%,
02/02/2026
100,000
0.0
110,000
(5)
Landesbank
Hessen
Thueringen
Girozentrale,
3.640
%,
02/02/2026
110,000
0.0
110,000
(5)
Mizuho
Bank
Ltd.,
3.640
%,
02/02/2026
110,000
0.0
110,000
(5)
Royal
Bank
of
Canada,
3.670
%,
02/02/2026
110,000
0.1
110,000
(5)
Societe
Generale
S.A.,
3.630
%,
02/02/2026
110,000
0.0
110,000
(5)
Toronto-Dominion
Bank,
3.640
%,
02/02/2026
110,000
0.1
Total
Time
Deposits
(Cost
$860,000)
860,000
0.2
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
International
Small
Cap
Fund
Shares
RA
Value
Percentage
of
Net
Assets
Mutual
Funds
:
0.5%
2,870,779
(6)
BlackRock
Liquidity
Funds,
FedFund,
Institutional
Class,
3.570%
(Cost
$2,870,779)
$
2,870,779
0.5
Total
Short-Term
Investments
(Cost
$7,748,196)
$
7,748,196
1.5
Total
Investments
in
Securities
(Cost
$406,189,710)
$
524,821,278
99.0
Assets
in
Excess
of
Other
Liabilities
5,115,042
1.0
Net
Assets
$
529,936,320
100.0
ADR
American
Depositary
Receipt
†
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)
For
fair
value
measurement
disclosure
purposes,
security
is
categorized
as
Level
3,
whose
value
was
determined
using
significant
unobservable
inputs.
(5)
All
or
a
portion
of
the
security
represents
securities
purchased
with
cash
collateral
received
for
securities
on
loan.
(6)
Rate
shown
is
the
7-day
yield
as
of
January
31,
2026.
Sector
Diversification
Percentage
of
Net
Assets
Industrials
21.5
%
Financials
13.5
Materials
13.1
Information
Technology
11.2
Consumer
Discretionary
11.1
Health
Care
7.4
Real
Estate
5.5
Energy
4.5
Communication
Services
4.2
Consumer
Staples
2.8
Utilities
2.3
Exchange-Traded
Funds
0.4
Rights
0.0
Short-Term
Investments
1.5
Assets
in
Excess
of
Other
Liabilities
1.0
Net
Assets
100.0%
Portfolio
holdings
are
subject
to
change
daily.
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
International
Small
Cap
Fund
Fair
Value
Measurements
The
following
is
a
summary
of
the
fair
valuations
according
to
the
inputs
used
as
of
January
31,
2026
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
January
31,
2026
Asset
Table
Investments,
at
fair
value
Common
Stock
Australia
$
5,448,624
$
26,879,648
$
2,594
$
32,330,866
Austria
864,648
799,893
—
1,664,541
Belgium
754,346
2,405,010
—
3,159,356
Brazil
422,771
39,380
—
462,151
Canada
50,977,238
—
—
50,977,238
China
2,352,901
4,892,220
—
7,245,121
Denmark
13,643
11,038,318
—
11,051,961
Finland
53,394
6,287,822
—
6,341,216
France
453,674
29,297,789
—
29,751,463
Germany
44,030
30,076,353
—
30,120,383
Greece
697,855
39,688
—
737,543
Guatemala
1,634,139
—
—
1,634,139
Guernsey
533,180
—
—
533,180
Hong
Kong
269,504
401,352
—
670,856
India
—
329,933
—
329,933
Indonesia
97,569
242,295
—
339,864
Ireland
258,216
1,254,329
—
1,512,545
Israel
3,283,685
724,123
45,055
4,052,863
Italy
336,729
19,378,106
—
19,714,835
Ivory
Coast
3,562,191
—
—
3,562,191
Japan
2,277,004
107,086,435
—
109,363,439
Liechtenstein
252,769
—
—
252,769
Luxembourg
—
1,115,596
—
1,115,596
Malaysia
128,828
454,709
—
583,537
Malta
—
42,502
—
42,502
Mexico
70,379
—
—
70,379
Monaco
43,208
—
—
43,208
Netherlands
—
12,019,613
—
12,019,613
New
Zealand
63,053
232,820
—
295,873
Nigeria
62,530
—
—
62,530
Norway
261,344
2,775,096
—
3,036,440
Peru
50,678
—
—
50,678
Philippines
134,187
40,323
—
174,510
Poland
167,555
1,502,522
—
1,670,077
Portugal
177,132
146,562
—
323,694
Qatar
43,266
—
—
43,266
Singapore
193,395
6,414,406
—
6,607,801
South
Africa
313,359
2,825,879
—
3,139,238
South
Korea
766,870
34,177,007
20,883
34,964,760
Spain
36,148
17,863,649
—
17,899,797
Sweden
631,833
10,842,793
—
11,474,626
Switzerland
1,867,101
32,094,076
—
33,961,177
Taiwan
245,755
4,751,277
—
4,997,032
Thailand
569,591
1,543,555
—
2,113,146
Turkey
781,150
—
—
781,150
United
Arab
Emirates
1,106,606
28,140
—
1,134,746
United
Kingdom
14,143,003
33,369,733
—
47,512,736
United
States
11,038,930
2,871,541
—
13,910,471
Total
Common
Stock
107,484,011
406,284,493
68,532
513,837,036
Exchange-Traded
Funds
1,973,332
—
—
1,973,332
Preferred
Stock
—
1,224,664
—
1,224,664
Right
—
38,050
—
38,050
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
International
Small
Cap
Fund
Quoted
Prices
in
Active
Markets
for
Identical
Investments
(Level
1)
Significant
Other
Observable
Inputs#
(Level
2)
Significant
Unobservable
Inputs
(Level
3)
Fair
Value
at
January
31,
2026
Short-Term
Investments
$
2,870,779
$
4,877,417
$
—
$
7,748,196
Total
Investments,
at
fair
value
$
112,328,122
$
412,424,624
$
68,532
$
524,821,278
#
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
Fund
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
Fund’s
investments
are
categorized
as
Level
2
investments.
Net
unrealized
appreciation
consisted
of:
Gross
Unrealized
Appreciation
$
130,905,388
Gross
Unrealized
Depreciation
(12,273,820)
Net
Unrealized
Appreciation
$
118,631,568