PORTFOLIO
OF
INVESTMENTS
as
of
May
31,
2026
(Unaudited)
1
Voya
Infrastructure,
Industrials
and
Materials
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK
:
97.1%
Australia
:
2.7%
3,597 
Anglogold
Ashanti
PLC
$
344,130
0.2
50,164 
BHP
Group
Ltd.
-
Class
DI
2,233,226
1.0
9,621 
Rio
Tinto
Ltd.
1,286,760
0.6
324,854 
South32
Ltd.
-
Class
DI
1,126,961
0.5
70,335 
Transurban
Group
756,472
0.4
5,747,549
2.7
Brazil
:
0.6%
143,700 
TIM
SA/Brazil
634,672
0.3
5,205 
Wheaton
Precious
Metals
Corp.
699,814
0.3
1,334,486
0.6
Canada
:
5.4%
3,899 
Agnico
Eagle
Mines
Ltd.
716,874
0.3
4,760 
Alamos
Gold,
Inc.
-
Class
A
195,282
0.1
29,481 
Barrick
Mining
Corp.
1,259,515
0.6
2,179 
(1)
Bombardier,
Inc.
-
Class
B
491,530
0.2
14,055 
Canadian
National
Railway
Co.
1,664,294
0.8
5,690 
Canadian
Pacific
Kansas
City
Ltd.
508,062
0.2
22,162 
CCL
Industries,
Inc.
-
Class
B
1,431,331
0.7
886 
(1)
Celestica,
Inc.
342,543
0.2
14,815 
Keyera
Corp.
614,565
0.3
33,583 
Kinross
Gold
Corp.
1,020,169
0.5
5,790 
Pan
American
Silver
Corp.
330,647
0.1
5,607 
Rogers
Communications,
Inc.
-
Class
B
216,366
0.1
10,826 
Stantec,
Inc.
818,006
0.4
3,641 
TC
Energy
Corp.
242,601
0.1
12,415 
Teck
Resources
Ltd.
-
Class
B
823,344
0.4
5,817 
WSP
Global,
Inc.
823,869
0.4
11,498,998
5.4
Chile
:
0.4%
28,184 
Lundin
Mining
Corp.
841,850
0.4
China
:
4.0%
41,000 
AAC
Technologies
Holdings,
Inc.
238,283
0.1
101,500 
Beijing
Enterprises
Holdings
Ltd.
399,167
0.2
85,800 
(2)
BOC
Aviation
Ltd.
836,502
0.4
14,100 
China
Gold
International
Resources
Corp.
Ltd.
271,619
0.1
377,600 
China
National
Chemical
Engineering
Co.
Ltd.
-
Class
A
430,390
0.2
397,341 
China
Railway
Signal
&
Communication
Corp.
Ltd.
-
Class
A
281,804
0.1
139,400 
(2)
China
Tower
Corp.
Ltd.
-
Class
H
176,371
0.1
156,000 
CMOC
Group
Ltd.
-
Class
H
364,093
0.2
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
China
(continued)
3,600 
Contemporary
Amperex
Technology
Co.
Ltd.
-
Class
H
$
340,180
0.2
800,000 
CRRC
Corp.
Ltd.
-
Class
H
530,306
0.2
542,000 
Guangdong
Investment
Ltd.
577,486
0.3
378,000 
Kunlun
Energy
Co.
Ltd.
345,351
0.2
160,800 
NARI
Technology
Co.
Ltd.
-
Class
A
591,553
0.3
100,100 
Sany
Heavy
Industry
Co.
Ltd.
-
Class
A
265,771
0.1
15,246 
Shanghai
BOCHU
Electronic
Technology
Corp.
Ltd.
-
Class
A
367,302
0.2
138,100 
Yangzijiang
Shipbuilding
Holdings
Ltd.
393,987
0.2
91,700 
Yealink
Network
Technology
Corp.
Ltd.
-
Class
A
489,553
0.2
74,800 
Yintai
Gold
Co.
Ltd.
-
Class
A
249,961
0.1
42,900 
Zhejiang
Chint
Electrics
Co.
Ltd.
-
Class
A
184,761
0.1
121,080 
Zhejiang
Dahua
Technology
Co.
Ltd.
-
Class
A
298,836
0.1
109,200 
Zhejiang
Longsheng
Group
Co.
Ltd.
-
Class
A
180,921
0.1
47,100 
Zhuzhou
CRRC
Times
Electric
Co.
Ltd.
-
Class
H
243,777
0.1
130,000 
Zijin
Mining
Group
Co.
Ltd.
-
Class
H
544,989
0.2
8,602,963
4.0
Finland
:
0.8%
3,356 
Kone
Oyj
-
Class
B
200,590
0.1
12,837 
Metso
Oyj
244,868
0.1
31,334 
Wartsila
Oyj
Abp
1,271,646
0.6
1,717,104
0.8
France
:
4.0%
7,594 
Air
Liquide
SA
1,568,795
0.7
1,605 
Airbus
SE
335,167
0.2
4,617 
Eiffage
SA
668,206
0.3
14,492 
Engie
SA
447,064
0.2
1,242 
Legrand
SA
213,474
0.1
22,337 
Rexel
SA
953,865
0.5
6,762 
Safran
SA
2,404,918
1.1
760 
Thales
SA
213,227
0.1
32,673 
Veolia
Environnement
SA
1,318,216
0.6
3,581 
Vinci
SA
520,814
0.2
8,643,746
4.0
Germany
:
4.0%
18,596 
Daimler
Truck
Holding
AG
909,928
0.4
10,389 
Deutsche
Post
AG,
Reg
618,741
0.3
68,087 
Deutsche
Telekom
AG,
Reg
2,286,024
1.1
8,959 
RWE
AG
570,139
0.3
7,699 
Siemens
AG,
Reg
2,413,943
1.1
PORTFOLIO
OF
INVESTMENTS
as
of
May
31,
2026
(Unaudited)
(continued)
2
Voya
Infrastructure,
Industrials
and
Materials
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Germany
(continued)
8,826 
Siemens
Energy
AG
$
1,670,884
0.8
8,469,659
4.0
Greece
:
0.3%
27,620 
Public
Power
Corp.
SA
694,493
0.3
Hong
Kong
:
0.3%
84,500 
Power
Assets
Holdings
Ltd.
647,970
0.3
India
:
2.0%
94,748 
Bharat
Electronics
Ltd.
409,364
0.2
79,740 
Bharat
Heavy
Electricals
Ltd.
349,819
0.2
8,953 
Coromandel
International
Ltd.
165,212
0.1
5,369 
Cummins
India
Ltd.
332,279
0.2
224,891 
GAIL
India
Ltd.
389,277
0.2
17,661 
Hindustan
Aeronautics
Ltd.
799,831
0.4
765 
Hitachi
Energy
India
Ltd.
309,432
0.1
14,356 
Pidilite
Industries
Ltd.
224,267
0.1
2,524 
Polycab
India
Ltd.
251,764
0.1
107,999 
Power
Grid
Corp.
of
India
Ltd.
330,241
0.1
2,132 
Solar
Industries
India
Ltd.
409,450
0.2
45,888 
UPL
Ltd.
311,354
0.1
4,282,290
2.0
Israel
:
0.1%
315 
Elbit
Systems
Ltd.
286,890
0.1
Italy
:
1.0%
113,976 
Snam
SpA
833,011
0.4
106,522 
Terna
-
Rete
Elettrica
Nazionale
1,223,846
0.6
2,056,857
1.0
Japan
:
8.3%
23,100 
ANA
Holdings,
Inc.
432,647
0.2
107,000 
Asahi
Kasei
Corp.
1,200,228
0.6
38,800 
Central
Japan
Railway
Co.
848,656
0.4
30,400 
Chubu
Electric
Power
Co.,
Inc.
558,150
0.3
14,800 
FANUC
Corp.
727,149
0.3
40,900 
Hitachi
Ltd.
1,323,914
0.6
37,900 
Japan
Airlines
Co.
Ltd.
648,388
0.3
94,000 
JFE
Holdings,
Inc.
1,005,144
0.5
4,400 
Keyence
Corp.
2,211,154
1.0
12,600 
Komatsu
Ltd.
514,555
0.2
27,200 
Makita
Corp.
944,028
0.4
159,500 
Mitsubishi
Chemical
Group
Corp.
1,146,148
0.5
13,400 
Mitsubishi
Heavy
Industries
Ltd.
316,760
0.1
54,100 
Nitto
Denko
Corp.
1,013,824
0.5
18,400 
Shimadzu
Corp.
435,916
0.2
20,800 
Shin-Etsu
Chemical
Co.
Ltd.
1,009,688
0.5
1,100 
SMC
Corp.
478,419
0.2
21,500 
SoftBank
Group
Corp.
1,011,405
0.5
8,500 
Sumitomo
Corp.
374,828
0.2
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Japan
(continued)
4,400 
Sumitomo
Metal
Mining
Co.
Ltd.
$
249,443
0.1
22,200 
TDK
Corp.
575,032
0.3
27,100 
Yokogawa
Electric
Corp.
850,634
0.4
17,876,110
8.3
Kuwait
:
0.2%
269,993 
Mobile
Telecommunications
Co.
KSCP
521,667
0.2
Malaysia
:
0.1%
95,600 
MISC
Bhd
196,377
0.1
Mexico
:
0.1%
4,415 
Industrias
Penoles
SAB
de
CV
257,204
0.1
Netherlands
:
0.7%
269,468 
Koninklijke
KPN
NV
1,403,695
0.7
Norway
:
0.2%
6,080 
Kongsberg
Gruppen
ASA
218,372
0.1
17,190 
Telenor
ASA
280,909
0.1
499,281
0.2
Philippines
:
0.2%
10,955 
PLDT,
Inc.
204,366
0.1
20,810 
SM
Investments
Corp.
193,919
0.1
398,285
0.2
Qatar
:
0.6%
649,196 
Mesaieed
Petrochemical
Holding
Co.
218,382
0.1
163,461 
Ooredoo
QPSC
601,586
0.3
90,815 
Qatar
Electricity
&
Water
Co.
QSC
363,015
0.2
1,182,983
0.6
Russia
:
—%
267,141 
(1)(3)
Alrosa
PJSC
—
—
4,101,092 
(1)(3)
Inter
RAO
UES
PJSC
—
—
124,960 
(1)(3)
Mobile
TeleSystems
PJSC
—
—
—
—
South
Africa
:
0.7%
12,528 
Anglo
American
PLC
670,462
0.3
13,081 
Gold
Fields
Ltd.
515,881
0.2
20,208 
Harmony
Gold
Mining
Co.
Ltd.
369,676
0.2
1,556,019
0.7
South
Korea
:
1.9%
376 
HD
Hyundai
Electric
Co.
Ltd.
263,326
0.1
443 
HD
Hyundai
Heavy
Industries
Co.
Ltd.
204,706
0.1
2,098 
HD
Korea
Shipbuilding
&
Offshore
Engineering
Co.
Ltd.
589,137
0.3
6,286 
Korea
Electric
Power
Corp.
163,294
0.1
956 
LG
Chem
Ltd.
232,905
0.1
3,305 
LG
Corp.
321,744
0.1
72,392 
LG
Uplus
Corp.
775,252
0.4
PORTFOLIO
OF
INVESTMENTS
as
of
May
31,
2026
(Unaudited)
(continued)
3
Voya
Infrastructure,
Industrials
and
Materials
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
South
Korea
(continued)
3,698 
Posco
International
Corp.
$
156,558
0.1
2,102 
Samsung
C&T
Corp.
606,183
0.3
328 
Samsung
Electro-
Mechanics
Co.
Ltd.
463,656
0.2
304 
SK
Square
Co.
Ltd.
252,082
0.1
4,028,843
1.9
Spain
:
1.8%
6,269 
ACS
Actividades
de
Construccion
y
Servicios
SA
908,645
0.4
49,336 
(2)
Aena
SME
SA
1,431,538
0.7
14,593 
(2)
Cellnex
Telecom
SA
488,321
0.2
12,018 
Iberdrola
SA
272,830
0.1
25,843 
Naturgy
Energy
Group
SA
856,013
0.4
3,957,347
1.8
Sweden
:
3.1%
12,030 
Boliden
AB
749,080
0.3
25,575 
Sandvik
AB
1,040,142
0.5
22,728 
Skanska
AB
-
Class
B
614,905
0.3
46,732 
SKF
AB
-
Class
B
1,225,755
0.6
40,120 
Tele2
AB
-
Class
B
753,029
0.4
53,999 
Telefonaktiebolaget
LM
Ericsson
-
Class
B
704,158
0.3
89,652 
Telia
Co.
AB
480,735
0.2
31,451 
Volvo
AB
-
Class
B
1,107,272
0.5
6,675,076
3.1
Switzerland
:
2.0%
28,076 
ABB
Ltd.,
Reg
3,002,094
1.4
4,648 
Sika
AG,
Reg
907,212
0.4
993 
TE
Connectivity
PLC
211,916
0.1
321 
(2)
VAT
Group
AG
250,633
0.1
4,371,855
2.0
Taiwan
:
2.2%
6,000 
Accton
Technology
Corp.
459,086
0.2
4,000 
Chroma
ATE,
Inc.
318,288
0.1
27,000 
Delta
Electronics,
Inc.
2,071,609
1.0
421,000 
Far
Eastern
New
Century
Corp.
345,016
0.2
127,000 
Hon
Hai
Precision
Industry
Co.
Ltd.
1,162,533
0.5
3,000 
Largan
Precision
Co.
Ltd.
336,438
0.2
4,692,970
2.2
Thailand
:
0.3%
64,200 
Delta
Electronics
Thailand
PCL
692,350
0.3
United
Arab
Emirates
:
0.3%
772,410 
Dubai
Electricity
&
Water
Authority
PJSC
549,720
0.3
United
Kingdom
:
3.0%
59,113 
BAE
Systems
PLC
1,608,263
0.8
84,000 
CK
Hutchison
Holdings
Ltd.
755,821
0.4
17,990 
National
Grid
PLC
288,748
0.1
154,643 
Rolls-Royce
Holdings
PLC
2,782,295
1.3
22,687 
Smiths
Group
PLC
749,000
0.3
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
United
Kingdom
(continued)
149,094 
Vodafone
Group
PLC
$
224,046
0.1
6,408,173
3.0
United
States
:
45.3%
7,912 
AECOM
548,855
0.3
7,090 
Ameren
Corp.
765,507
0.4
5,798 
American
Electric
Power
Co.,
Inc.
734,433
0.3
7,914 
AMETEK,
Inc.
1,787,377
0.8
7,538 
Amphenol
Corp.
-
Class
A
1,121,353
0.5
14,903 
(1)
Arista
Networks,
Inc.
2,376,581
1.1
36,670 
AT&T,
Inc.
909,416
0.4
18,133 
Baker
Hughes
Co.
1,158,336
0.5
1,997 
(1)
Bloom
Energy
Corp.
-
Class
A
569,145
0.3
3,042 
(1)
Boeing
Co.
703,158
0.3
1,289 
Carlisle
Cos.,
Inc.
444,460
0.2
3,140 
Caterpillar,
Inc.
2,750,232
1.3
910 
(1)
Ciena
Corp.
528,009
0.2
29,001 
Cisco
Systems,
Inc.
3,492,300
1.6
19,904 
CNH
Industrial
NV
203,220
0.1
11,869 
Coeur
Mining,
Inc.
229,309
0.1
1,310 
(1)
Coherent
Corp.
473,526
0.2
14,681 
Comcast
Corp.
-
Class
A
365,116
0.2
285 
Comfort
Systems
USA,
Inc.
521,040
0.2
2,178 
Constellation
Energy
Corp.
626,720
0.3
4,157 
Corning,
Inc.
753,082
0.4
4,638 
CSX
Corp.
209,916
0.1
509 
Cummins,
Inc.
329,135
0.2
641 
Curtiss-Wright
Corp.
479,218
0.2
387 
Deere
&
Co.
209,824
0.1
14,264 
Delta
Air
Lines,
Inc.
1,176,495
0.5
8,366 
Duke
Energy
Corp.
1,026,759
0.5
21,813 
DuPont
de
Nemours,
Inc.
1,056,185
0.5
4,579 
Eaton
Corp.
PLC
1,834,347
0.9
2,400 
Ecolab,
Inc.
614,400
0.3
22,586 
Edison
International
1,579,665
0.7
996 
EMCOR
Group,
Inc.
823,513
0.4
13,244 
Emerson
Electric
Co.
1,904,752
0.9
6,011 
Entergy
Corp.
655,500
0.3
11,341 
Evergy
,
Inc.
930,416
0.4
17,962 
Eversource
Energy
1,226,266
0.6
30,030 
Exelon
Corp.
1,370,569
0.6
2,334 
(1)
F5,
Inc.
894,972
0.4
1,809 
FedEx
Corp.
744,856
0.3
5,049 
(1)
Flex
Ltd.
761,288
0.4
25,263 
Fortive
Corp.
1,473,338
0.7
23,882 
Freeport-McMoRan,
Inc.
1,569,286
0.7
10,185 
GE
Aerospace
3,297,496
1.5
2,357 
GE
Vernova
,
Inc.
2,282,330
1.1
1,089 
General
Dynamics
Corp.
377,687
0.2
16,544 
Graco,
Inc.
1,248,245
0.6
35,850 
Halliburton
Co.
1,392,772
0.6
2,220 
HEICO
Corp.
772,960
0.4
8,151 
Honeywell
International,
Inc.
1,938,797
0.9
4,270 
Howmet
Aerospace,
Inc.
1,102,727
0.5
996 
Hubbell,
Inc.
471,716
0.2
PORTFOLIO
OF
INVESTMENTS
as
of
May
31,
2026
(Unaudited)
(continued)
4
Voya
Infrastructure,
Industrials
and
Materials
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
United
States
(continued)
1,782 
IDEX
Corp.
$
375,699
0.2
19,781 
Ingersoll
Rand,
Inc.
1,417,111
0.7
9,688 
International
Paper
Co.
324,257
0.2
5,775 
Johnson
Controls
International
PLC
774,196
0.4
5,189 
(1)
Keysight
Technologies,
Inc.
1,755,594
0.8
32,458 
Kinder
Morgan,
Inc.
1,008,795
0.5
2,045 
L3Harris
Technologies,
Inc.
644,543
0.3
2,351 
Linde
PLC
US
1,170,069
0.5
1,345 
Lockheed
Martin
Corp.
713,455
0.3
404 
(1)
Lumentum
Holdings,
Inc.
345,404
0.2
12,514 
Newmont
Corp.
1,374,162
0.6
8,651 
NextEra
Energy,
Inc.
752,724
0.3
34,697 
NiSource,
Inc.
1,603,695
0.7
3,843 
Nordson
Corp.
1,104,209
0.5
1,305 
NRG
Energy,
Inc.
174,974
0.1
2,398 
Old
Dominion
Freight
Line,
Inc.
539,910
0.3
11,704 
ONEOK,
Inc.
982,434
0.5
2,605 
Parker-Hannifin
Corp.
2,200,261
1.0
5,566 
Pentair
PLC
394,295
0.2
86,685 
PG&E
Corp.
1,416,433
0.7
6,171 
PPG
Industries,
Inc.
697,200
0.3
990 
Quanta
Services,
Inc.
704,613
0.3
9,398 
Raytheon
Technologies
Corp.
1,688,445
0.8
3,283 
(1)
Rocket
Lab
Corp.
471,045
0.2
2,690 
Rockwell
Automation,
Inc.
1,213,351
0.6
6,635 
RPM
International,
Inc.
703,111
0.3
5,224 
Schneider
Electric
SE
1,640,769
0.8
10,578 
Smurfit
WestRock
PLC
435,285
0.2
8,915 
Textron,
Inc.
818,040
0.4
8,975 
T-Mobile
US,
Inc.
1,683,082
0.8
3,869 
Trane
Technologies
PLC
1,746,080
0.8
30,149 
(1)
Uber
Technologies,
Inc.
2,122,490
1.0
8,624 
Union
Pacific
Corp.
2,265,007
1.1
5,837 
(1)
United
Airlines
Holdings,
Inc.
670,088
0.3
42,189 
Verizon
Communications,
Inc.
2,017,056
0.9
4,976 
Vertiv
Holdings
Co.
-
Class
A
1,570,973
0.7
3,754 
Vistra
Corp.
601,503
0.3
2,919 
Westinghouse
Air
Brake
Technologies
Corp.
762,326
0.4
22,145 
Williams
Cos.,
Inc.
1,580,932
0.7
97,280,221
45.3
Zambia
:
0.5%
31,448 
(1)
First
Quantum
Minerals
Ltd.
968,087
0.5
Total
Common
Stock
(Cost
$143,142,086)
208,341,118
97.1
Shares
RA
Value
Percentage
of
Net
Assets
EXCHANGE-TRADED
FUNDS
:
1.7%
22,715 
iShares
MSCI
ACWI
ETF
$
3,601,236
1.7
Total
Exchange-Traded
Funds
(Cost
$2,997,054)
3,601,236
1.7
PREFERRED
STOCK
:
0.4%
Brazil
:
0.4%
75,400 
Axia
Energia
858,247
0.4
Total
Preferred
Stock
(Cost
$559,487)
858,247
0.4
Total
Long-Term
Investments
(Cost
$146,698,627)
212,800,601
99.2
SHORT-TERM
INVESTMENTS
:
0.4%
Mutual
Funds
:
0.4%
925,000 
(4)
Morgan
Stanley
Institutional
Liquidity
Funds
-
Government
Portfolio
(Institutional
Share
Class),
3.540%
(Cost
$925,000)
$
925,000
0.4
Total
Short-Term
Investments
(Cost
$925,000)
925,000
0.4
Total
Investments
in
Securities
(Cost
$147,623,627)
$
213,725,601
99.6
Assets
in
Excess
of
Other
Liabilities
878,897
0.4
Net
Assets
$
214,604,498
100.0
(1)
Non-income
producing
security.
(2)
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.
(3)
For
fair
value
measurement
disclosure
purposes,
security
is
categorized
as
Level
3,
whose
value
was
determined
using
significant
unobservable
inputs.
(4)
Rate
shown
is
the
7-day
yield
as
of
May
31,
2026.
Sector
Diversification
Percentage
of
Net
Assets
Industrials
47.4
%
Materials
16.4
Utilities
11.7
Information
Technology
11.7
Communication
Services
7.0
Energy
3.3
Exchange-Traded
Funds
1.7
Short-Term
Investments
0.4
Assets
in
Excess
of
Other
Liabilities
0.4
Net
Assets
100.0%
Portfolio
holdings
are
subject
to
change
daily.
PORTFOLIO
OF
INVESTMENTS
as
of
May
31,
2026
(Unaudited)
(continued)
5
Voya
Infrastructure,
Industrials
and
Materials
Fund
Fair
Value
Measurements
The
following
is
a
summary
of
the
fair
valuations
according
to
the
inputs
used
as
of
May
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
May
31,
2026
Asset
Table
Investments,
at
fair
value
Common
Stock
Australia
$
—
$
5,747,549
$
—
$
5,747,549
Brazil
1,334,486
—
—
1,334,486
Canada
11,498,998
—
—
11,498,998
Chile
841,850
—
—
841,850
China
1,322,004
7,280,959
—
8,602,963
Finland
—
1,717,104
—
1,717,104
France
—
8,643,746
—
8,643,746
Germany
570,139
7,899,520
—
8,469,659
Greece
—
694,493
—
694,493
Hong
Kong
—
647,970
—
647,970
India
—
4,282,290
—
4,282,290
Israel
—
286,890
—
286,890
Italy
833,011
1,223,846
—
2,056,857
Japan
—
17,876,110
—
17,876,110
Kuwait
521,667
—
—
521,667
Malaysia
—
196,377
—
196,377
Mexico
257,204
—
—
257,204
Netherlands
1,403,695
—
—
1,403,695
Norway
499,281
—
—
499,281
Philippines
193,919
204,366
—
398,285
Qatar
601,586
581,397
—
1,182,983
Russia
—
—
—
—
South
Africa
—
1,556,019
—
1,556,019
South
Korea
156,558
3,872,285
—
4,028,843
Spain
—
3,957,347
—
3,957,347
Sweden
1,233,764
5,441,312
—
6,675,076
Switzerland
211,916
4,159,939
—
4,371,855
Taiwan
—
4,692,970
—
4,692,970
Thailand
—
692,350
—
692,350
United
Arab
Emirates
—
549,720
—
549,720
United
Kingdom
—
6,408,173
—
6,408,173
United
States
95,639,452
1,640,769
—
97,280,221
Zambia
968,087
—
—
968,087
Total
Common
Stock
118,087,617
90,253,501
—
208,341,118
Exchange-Traded
Funds
3,601,236
—
—
3,601,236
Preferred
Stock
858,247
—
—
858,247
Short-Term
Investments
925,000
—
—
925,000
Total
Investments,
at
fair
value
$
123,472,100
$
90,253,501
$
—
$
213,725,601
Liabilities
Table
Other
Financial
Instruments+
Written
Options
$
—
$
(955,696)
$
—
$
(955,696)
Total
Liabilities
$
—
$
(955,696)
$
—
$
(955,696)
#
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.
+
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.
PORTFOLIO
OF
INVESTMENTS
as
of
May
31,
2026
(Unaudited)
(continued)
6
Voya
Infrastructure,
Industrials
and
Materials
Fund
At
May
31,
2026,
the
following
OTC
written
equity
options
were
outstanding
for
Voya
Infrastructure,
Industrials
and
Materials
Fund:
Description
Counterparty
Put/
Call
Expiration
Date
Exercise
Price
Number
of
Contracts
Notional
Amount
Premiums
Received
Fair
Value
iShares
MSCI
EAFE
ETF
Goldman
Sachs
International
Call
06/18/26
USD
103.460
96,011
USD
10,061,953
$
151,592
$
(136,611)
iShares
MSCI
EAFE
ETF
Goldman
Sachs
International
Call
06/18/26
USD
104.500
96,011
USD
10,061,953
110,134
(100,863)
iShares
MSCI
EAFE
ETF
UBS
AG
Call
06/18/26
USD
105.530
96,011
USD
10,061,953
77,481
(73,116)
iShares
MSCI
Emerging
Markets
ETF
UBS
AG
Call
06/18/26
USD
68.730
117,245
USD
8,043,007
179,326
(223,459)
State
Street
Industrial
Select
Sector
SPDR
ETF
Citibank
N.A.
Call
07/02/26
USD
177.280
50,058
USD
8,666,542
144,422
(137,578)
State
Street
Industrial
Select
Sector
SPDR
ETF
Citibank
N.A.
Call
07/02/26
USD
179.010
50,058
USD
8,666,542
113,972
(108,100)
State
Street
Industrial
Select
Sector
SPDR
ETF
Citibank
N.A.
Call
07/02/26
USD
180.750
50,058
USD
8,666,542
88,743
(83,719)
State
Street
Materials
Select
Sector
SPDR
ETF
UBS
AG
Call
07/02/26
USD
53.410
105,140
USD
5,377,911
47,681
(46,622)
State
Street
Utilities
Select
Sector
SPDR
ETF
UBS
AG
Call
07/02/26
USD
46.080
120,994
USD
5,374,553
45,361
(45,628)
$
958,712
$
(955,696)
Currency
Abbreviations:
USD
—
United
States
Dollar
Net
unrealized
appreciation
consisted
of:
Gross
Unrealized
Appreciation
$
69,770,179
Gross
Unrealized
Depreciation
(3,668,205)
Net
Unrealized
Appreciation
$
66,101,974