Class ADV

This semi-annual shareholder report contains important information about Voya Balanced Income Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class ADV	$49	0.97%

0.97%

389

Fund Statistics

Total Net Assets$264,126,177
# of Portfolio Holdings389
Portfolio Turnover Rate20%

Top 10 Holdings

Table Summary
Voya Core Bond ETF	27.9%
Voya Multi-Sector Income ETF	27.8%
iShares Core S&P Mid-Cap ETF	4.4%
Voya Multi-Manager Emerging Markets Equity Fund - Class I	2.1%
Alphabet, Inc. - Class A	2.0%
NVIDIA Corp.	1.7%
Apple, Inc.	1.1%
Microsoft Corp.	1.0%
Broadcom, Inc.	0.8%
Micron Technology, Inc.	0.8%

Class I

This semi-annual shareholder report contains important information about Voya Balanced Income Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class I	$19	0.38%

0.38%

389

Fund Statistics

Total Net Assets$264,126,177
# of Portfolio Holdings389
Portfolio Turnover Rate20%

Top 10 Holdings

Table Summary
Voya Core Bond ETF	27.9%
Voya Multi-Sector Income ETF	27.8%
iShares Core S&P Mid-Cap ETF	4.4%
Voya Multi-Manager Emerging Markets Equity Fund - Class I	2.1%
Alphabet, Inc. - Class A	2.0%
NVIDIA Corp.	1.7%
Apple, Inc.	1.1%
Microsoft Corp.	1.0%
Broadcom, Inc.	0.8%
Micron Technology, Inc.	0.8%

Class S

This semi-annual shareholder report contains important information about Voya Balanced Income Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S	$35	0.68%

0.68%

389

Fund Statistics

Total Net Assets$264,126,177
# of Portfolio Holdings389
Portfolio Turnover Rate20%

Top 10 Holdings

Table Summary
Voya Core Bond ETF	27.9%
Voya Multi-Sector Income ETF	27.8%
iShares Core S&P Mid-Cap ETF	4.4%
Voya Multi-Manager Emerging Markets Equity Fund - Class I	2.1%
Alphabet, Inc. - Class A	2.0%
NVIDIA Corp.	1.7%
Apple, Inc.	1.1%
Microsoft Corp.	1.0%
Broadcom, Inc.	0.8%
Micron Technology, Inc.	0.8%

Class S2

This semi-annual shareholder report contains important information about Voya Balanced Income Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S2	$39	0.77%

0.77%

389

Fund Statistics

Total Net Assets$264,126,177
# of Portfolio Holdings389
Portfolio Turnover Rate20%

Top 10 Holdings

Table Summary
Voya Core Bond ETF	27.9%
Voya Multi-Sector Income ETF	27.8%
iShares Core S&P Mid-Cap ETF	4.4%
Voya Multi-Manager Emerging Markets Equity Fund - Class I	2.1%
Alphabet, Inc. - Class A	2.0%
NVIDIA Corp.	1.7%
Apple, Inc.	1.1%
Microsoft Corp.	1.0%
Broadcom, Inc.	0.8%
Micron Technology, Inc.	0.8%

Class I

This semi-annual shareholder report contains important information about Voya Government Liquid Assets Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class I	$14	0.28%

0.28%

19

Holdings [Text Block]

Investment Type Allocation

A graphical representation of Investments made.

Table Summary
Value	Value
Liabilities in Excess of Other Assets	(0.3)%
U.S. Treasury Repurchase Agreements	17.2%
U.S. Government Agency Debt	39.9%
U.S. Treasury Debt	43.2%

Class S

This semi-annual shareholder report contains important information about Voya Government Liquid Assets Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S	$26	0.53%

0.53%

19

Holdings [Text Block]

Investment Type Allocation

Table Summary
Value	Value
Liabilities in Excess of Other Assets	(0.3)%
U.S. Treasury Repurchase Agreements	17.2%
U.S. Government Agency Debt	39.9%
U.S. Treasury Debt	43.2%

Class S2

This semi-annual shareholder report contains important information about Voya Government Liquid Assets Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S2	$34	0.68%

0.68%

19

Holdings [Text Block]

Investment Type Allocation

Table Summary
Value	Value
Liabilities in Excess of Other Assets	(0.3)%
U.S. Treasury Repurchase Agreements	17.2%
U.S. Government Agency Debt	39.9%
U.S. Treasury Debt	43.2%

Class ADV

This semi-annual shareholder report contains important information about Voya High Yield Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class ADV	$54	1.08%

1.08%

123

Fund Statistics

Total Net Assets$313,781,266
# of Portfolio Holdings123
Portfolio Turnover Rate35%

Top 10 Holdings

Table Summary
Iron Mountain, Inc., 6.250%, 01/15/33	1.9%
OneMain Finance Corp., 7.125%, 09/15/32	1.6%
Bombardier, Inc., 6.750%, 06/15/33	1.5%
NRG Energy, Inc., 6.250%, 11/01/34	1.5%
Gen Digital, Inc., 6.250%, 04/01/33	1.5%
Panther Escrow Issuer LLC, 7.125%, 06/01/31	1.4%
Fortress Transportation and Infrastructure Investors LLC, 7.875%, 12/01/30	1.3%
OAK-Eagle Acquireco, Inc., 8.750%, 07/01/34	1.3%
Paramount Global, 6.875%, 04/30/36	1.2%
Sirius XM Radio LLC, 5.875%, 04/15/32	1.2%

Class I

This semi-annual shareholder report contains important information about Voya High Yield Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class I	$24	0.48%

0.48%

123

Fund Statistics

Total Net Assets$313,781,266
# of Portfolio Holdings123
Portfolio Turnover Rate35%

Top 10 Holdings

Table Summary
Iron Mountain, Inc., 6.250%, 01/15/33	1.9%
OneMain Finance Corp., 7.125%, 09/15/32	1.6%
Bombardier, Inc., 6.750%, 06/15/33	1.5%
NRG Energy, Inc., 6.250%, 11/01/34	1.5%
Gen Digital, Inc., 6.250%, 04/01/33	1.5%
Panther Escrow Issuer LLC, 7.125%, 06/01/31	1.4%
Fortress Transportation and Infrastructure Investors LLC, 7.875%, 12/01/30	1.3%
OAK-Eagle Acquireco, Inc., 8.750%, 07/01/34	1.3%
Paramount Global, 6.875%, 04/30/36	1.2%
Sirius XM Radio LLC, 5.875%, 04/15/32	1.2%

Class S

This semi-annual shareholder report contains important information about Voya High Yield Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S	$36	0.73%

0.73%

123

Fund Statistics

Total Net Assets$313,781,266
# of Portfolio Holdings123
Portfolio Turnover Rate35%

Top 10 Holdings

Table Summary
Iron Mountain, Inc., 6.250%, 01/15/33	1.9%
OneMain Finance Corp., 7.125%, 09/15/32	1.6%
Bombardier, Inc., 6.750%, 06/15/33	1.5%
NRG Energy, Inc., 6.250%, 11/01/34	1.5%
Gen Digital, Inc., 6.250%, 04/01/33	1.5%
Panther Escrow Issuer LLC, 7.125%, 06/01/31	1.4%
Fortress Transportation and Infrastructure Investors LLC, 7.875%, 12/01/30	1.3%
OAK-Eagle Acquireco, Inc., 8.750%, 07/01/34	1.3%
Paramount Global, 6.875%, 04/30/36	1.2%
Sirius XM Radio LLC, 5.875%, 04/15/32	1.2%

Class S2

This semi-annual shareholder report contains important information about Voya High Yield Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S2	$44	0.88%

0.88%

123

Fund Statistics

Total Net Assets$313,781,266
# of Portfolio Holdings123
Portfolio Turnover Rate35%

Top 10 Holdings

Table Summary
Iron Mountain, Inc., 6.250%, 01/15/33	1.9%
OneMain Finance Corp., 7.125%, 09/15/32	1.6%
Bombardier, Inc., 6.750%, 06/15/33	1.5%
NRG Energy, Inc., 6.250%, 11/01/34	1.5%
Gen Digital, Inc., 6.250%, 04/01/33	1.5%
Panther Escrow Issuer LLC, 7.125%, 06/01/31	1.4%
Fortress Transportation and Infrastructure Investors LLC, 7.875%, 12/01/30	1.3%
OAK-Eagle Acquireco, Inc., 8.750%, 07/01/34	1.3%
Paramount Global, 6.875%, 04/30/36	1.2%
Sirius XM Radio LLC, 5.875%, 04/15/32	1.2%

Class ADV

This semi-annual shareholder report contains important information about Voya Inflation Protected Bond Plus Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class ADV	$60	1.20%

1.20%

342

Fund Statistics

Total Net Assets$144,753,943
# of Portfolio Holdings342
Portfolio Turnover Rate21%

Top 10 Holdings

Table Summary
Freddie Mac REMIC Trust - Class DF, 5.078%, 05/25/54	3.1%
United States Treasury Notes, 4.125%, 06/30/28	1.4%
Zaxbys Funding LLC - Class A2, 3.238%, 07/30/51	1.3%
Sabal Issuer LLC - Class A1, 6.000%, 05/02/61	1.2%
Freddie Mac REMIC Trust - Class FE, 4.978%, 11/25/54	1.1%
Pagaya AI Debt Trust - Class B, 5.688%, 01/17/33	1.1%
Octagon 75 Ltd. - Class A1, 4.864%, 01/22/38	1.0%
Freddie Mac REMIC Trust - Class FH, 4.728%, 10/25/54	1.0%
Taco Bell Funding LLC - Class A2I, 4.821%, 08/25/55	1.0%
SMB Private Education Loan Trust - Class A1A, 5.130%, 04/15/54	1.0%

Class I

This semi-annual shareholder report contains important information about Voya Inflation Protected Bond Plus Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class I	$30	0.60%

0.60%

342

Fund Statistics

Total Net Assets$144,753,943
# of Portfolio Holdings342
Portfolio Turnover Rate21%

Top 10 Holdings

Table Summary
Freddie Mac REMIC Trust - Class DF, 5.078%, 05/25/54	3.1%
United States Treasury Notes, 4.125%, 06/30/28	1.4%
Zaxbys Funding LLC - Class A2, 3.238%, 07/30/51	1.3%
Sabal Issuer LLC - Class A1, 6.000%, 05/02/61	1.2%
Freddie Mac REMIC Trust - Class FE, 4.978%, 11/25/54	1.1%
Pagaya AI Debt Trust - Class B, 5.688%, 01/17/33	1.1%
Octagon 75 Ltd. - Class A1, 4.864%, 01/22/38	1.0%
Freddie Mac REMIC Trust - Class FH, 4.728%, 10/25/54	1.0%
Taco Bell Funding LLC - Class A2I, 4.821%, 08/25/55	1.0%
SMB Private Education Loan Trust - Class A1A, 5.130%, 04/15/54	1.0%

Class ADV

This semi-annual shareholder report contains important information about Voya Large Cap Growth Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class ADV	$60	1.17%

1.17%

63

Fund Statistics

Total Net Assets$3,706,604,368
# of Portfolio Holdings63
Portfolio Turnover Rate52%

Top 10 Holdings

Table Summary
Alphabet, Inc. - Class A	12.4%
NVIDIA Corp.	11.8%
Broadcom, Inc.	4.2%
Apple, Inc.	4.0%
Advanced Micro Devices, Inc.	3.8%
State Street Technology Select Sector SPDR ETF	3.7%
Sandisk Corp.	3.6%
Visa, Inc. - Class A	3.2%
Eli Lilly & Co.	2.8%
Lam Research Corp.	2.6%

Class I

This semi-annual shareholder report contains important information about Voya Large Cap Growth Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class I	$35	0.67%

0.67%

63

Fund Statistics

Total Net Assets$3,706,604,368
# of Portfolio Holdings63
Portfolio Turnover Rate52%

Top 10 Holdings

Table Summary
Alphabet, Inc. - Class A	12.4%
NVIDIA Corp.	11.8%
Broadcom, Inc.	4.2%
Apple, Inc.	4.0%
Advanced Micro Devices, Inc.	3.8%
State Street Technology Select Sector SPDR ETF	3.7%
Sandisk Corp.	3.6%
Visa, Inc. - Class A	3.2%
Eli Lilly & Co.	2.8%
Lam Research Corp.	2.6%

Class R6

This semi-annual shareholder report contains important information about Voya Large Cap Growth Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class R6	$35	0.67%

0.67%

63

Fund Statistics

Total Net Assets$3,706,604,368
# of Portfolio Holdings63
Portfolio Turnover Rate52%

Top 10 Holdings

Table Summary
Alphabet, Inc. - Class A	12.4%
NVIDIA Corp.	11.8%
Broadcom, Inc.	4.2%
Apple, Inc.	4.0%
Advanced Micro Devices, Inc.	3.8%
State Street Technology Select Sector SPDR ETF	3.7%
Sandisk Corp.	3.6%
Visa, Inc. - Class A	3.2%
Eli Lilly & Co.	2.8%
Lam Research Corp.	2.6%

Class S

This semi-annual shareholder report contains important information about Voya Large Cap Growth Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S	$48	0.92%

0.92%

63

Fund Statistics

Total Net Assets$3,706,604,368
# of Portfolio Holdings63
Portfolio Turnover Rate52%

Top 10 Holdings

Table Summary
Alphabet, Inc. - Class A	12.4%
NVIDIA Corp.	11.8%
Broadcom, Inc.	4.2%
Apple, Inc.	4.0%
Advanced Micro Devices, Inc.	3.8%
State Street Technology Select Sector SPDR ETF	3.7%
Sandisk Corp.	3.6%
Visa, Inc. - Class A	3.2%
Eli Lilly & Co.	2.8%
Lam Research Corp.	2.6%

Class S2

This semi-annual shareholder report contains important information about Voya Large Cap Growth Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S2	$55	1.07%

1.07%

63

Fund Statistics

Total Net Assets$3,706,604,368
# of Portfolio Holdings63
Portfolio Turnover Rate52%

Top 10 Holdings

Table Summary
Alphabet, Inc. - Class A	12.4%
NVIDIA Corp.	11.8%
Broadcom, Inc.	4.2%
Apple, Inc.	4.0%
Advanced Micro Devices, Inc.	3.8%
State Street Technology Select Sector SPDR ETF	3.7%
Sandisk Corp.	3.6%
Visa, Inc. - Class A	3.2%
Eli Lilly & Co.	2.8%
Lam Research Corp.	2.6%

Class ADV

This semi-annual shareholder report contains important information about Voya Limited Maturity Bond Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class ADV	$43	0.87%

0.87%

565

Fund Statistics

Total Net Assets$337,309,525
# of Portfolio Holdings565
Portfolio Turnover Rate58%

Top 10 Holdings

Table Summary
United States Treasury Notes, 4.000%, 01/15/27	2.9%
Freddie Mac REMIC Trust - Class F, 4.678%, 12/25/55	2.0%
Freddie Mac REMIC Trust - Class DF, 5.078%, 05/25/54	1.0%
United States Treasury Notes, 4.125%, 06/15/29	0.9%
United States Treasury Notes, 4.125%, 06/30/28	0.9%
Fannie Mae REMIC Trust - Class FD, 4.978%, 04/25/54	0.8%
Fannie Mae REMIC Trust - Class FH, 4.878%, 01/25/55	0.8%
Fannie Mae REMIC Trust - Class DF, 4.878%, 12/25/54	0.7%
Ginnie Mae - Class FN, 4.659%, 11/20/55	0.6%
Ginnie Mae - Class FC, 4.211%, 07/20/70	0.6%

Class I

This semi-annual shareholder report contains important information about Voya Limited Maturity Bond Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class I	$13	0.27%

0.27%

565

Fund Statistics

Total Net Assets$337,309,525
# of Portfolio Holdings565
Portfolio Turnover Rate58%

Top 10 Holdings

Table Summary
United States Treasury Notes, 4.000%, 01/15/27	2.9%
Freddie Mac REMIC Trust - Class F, 4.678%, 12/25/55	2.0%
Freddie Mac REMIC Trust - Class DF, 5.078%, 05/25/54	1.0%
United States Treasury Notes, 4.125%, 06/15/29	0.9%
United States Treasury Notes, 4.125%, 06/30/28	0.9%
Fannie Mae REMIC Trust - Class FD, 4.978%, 04/25/54	0.8%
Fannie Mae REMIC Trust - Class FH, 4.878%, 01/25/55	0.8%
Fannie Mae REMIC Trust - Class DF, 4.878%, 12/25/54	0.7%
Ginnie Mae - Class FN, 4.659%, 11/20/55	0.6%
Ginnie Mae - Class FC, 4.211%, 07/20/70	0.6%

Class S

This semi-annual shareholder report contains important information about Voya Limited Maturity Bond Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S	$26	0.52%

0.52%

565

Fund Statistics

Total Net Assets$337,309,525
# of Portfolio Holdings565
Portfolio Turnover Rate58%

Top 10 Holdings

Table Summary
United States Treasury Notes, 4.000%, 01/15/27	2.9%
Freddie Mac REMIC Trust - Class F, 4.678%, 12/25/55	2.0%
Freddie Mac REMIC Trust - Class DF, 5.078%, 05/25/54	1.0%
United States Treasury Notes, 4.125%, 06/15/29	0.9%
United States Treasury Notes, 4.125%, 06/30/28	0.9%
Fannie Mae REMIC Trust - Class FD, 4.978%, 04/25/54	0.8%
Fannie Mae REMIC Trust - Class FH, 4.878%, 01/25/55	0.8%
Fannie Mae REMIC Trust - Class DF, 4.878%, 12/25/54	0.7%
Ginnie Mae - Class FN, 4.659%, 11/20/55	0.6%
Ginnie Mae - Class FC, 4.211%, 07/20/70	0.6%

Class ADV

This semi-annual shareholder report contains important information about Voya Retirement Aggressive Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class ADV	$38	0.74%

0.74%

8

Fund Statistics

Total Net Assets$166,103,011
# of Portfolio Holdings8
Portfolio Turnover Rate16%

Top 10 Holdings

Table Summary
Voya U.S. Stock Index Portfolio - Class I	56.2%
Voya U.S. Bond Index Portfolio - Class I	11.9%
Voya International Index Portfolio - Class I	10.5%
Voya Russell™ Mid Cap Index Portfolio - Class I	9.0%
Voya Multi-Manager Emerging Markets Equity Fund - Class I	4.0%
Voya Short Duration Bond Fund - Class R6	3.5%
Voya Russell™ Small Cap Index Portfolio - Class I	3.0%
Voya High Yield Bond Fund - Class R6	2.0%

Class I

This semi-annual shareholder report contains important information about Voya Retirement Aggressive Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class I	$17	0.32%

0.32%

8

Fund Statistics

Total Net Assets$166,103,011
# of Portfolio Holdings8
Portfolio Turnover Rate16%

Top 10 Holdings

Table Summary
Voya U.S. Stock Index Portfolio - Class I	56.2%
Voya U.S. Bond Index Portfolio - Class I	11.9%
Voya International Index Portfolio - Class I	10.5%
Voya Russell™ Mid Cap Index Portfolio - Class I	9.0%
Voya Multi-Manager Emerging Markets Equity Fund - Class I	4.0%
Voya Short Duration Bond Fund - Class R6	3.5%
Voya Russell™ Small Cap Index Portfolio - Class I	3.0%
Voya High Yield Bond Fund - Class R6	2.0%

Class ADV

This semi-annual shareholder report contains important information about Voya Retirement Conservative Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class ADV	$30	0.60%

0.60%

11

Fund Statistics

Total Net Assets$83,160,257
# of Portfolio Holdings11
Portfolio Turnover Rate15%

Top 10 Holdings

Table Summary
Voya U.S. Bond Index Portfolio - Class I	44.9%
Voya U.S. Stock Index Portfolio - Class I	16.6%
Voya Short Duration Bond Fund - Class R6	12.6%
Vanguard Short-Term Bond ETF	6.5%
Voya High Yield Bond Fund - Class R6	4.0%
Voya International Index Portfolio - Class I	4.0%
Schwab U.S. TIPS ETF	3.0%
Voya Multi-Manager Emerging Markets Equity Fund - Class I	2.5%
Voya Russell™ Mid Cap Index Portfolio - Class I	2.0%
Voya Russell™ Small Cap Index Portfolio - Class I	2.0%

Class I

This semi-annual shareholder report contains important information about Voya Retirement Conservative Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class I	$18	0.35%

0.35%

11

Fund Statistics

Total Net Assets$83,160,257
# of Portfolio Holdings11
Portfolio Turnover Rate15%

Top 10 Holdings

Table Summary
Voya U.S. Bond Index Portfolio - Class I	44.9%
Voya U.S. Stock Index Portfolio - Class I	16.6%
Voya Short Duration Bond Fund - Class R6	12.6%
Vanguard Short-Term Bond ETF	6.5%
Voya High Yield Bond Fund - Class R6	4.0%
Voya International Index Portfolio - Class I	4.0%
Schwab U.S. TIPS ETF	3.0%
Voya Multi-Manager Emerging Markets Equity Fund - Class I	2.5%
Voya Russell™ Mid Cap Index Portfolio - Class I	2.0%
Voya Russell™ Small Cap Index Portfolio - Class I	2.0%

Class ADV

This semi-annual shareholder report contains important information about Voya Retirement Moderately Aggressive Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class ADV	$36	0.71%

0.71%

8

Fund Statistics

Total Net Assets$154,306,039
# of Portfolio Holdings8
Portfolio Turnover Rate15%

Top 10 Holdings

Table Summary
Voya U.S. Stock Index Portfolio - Class I	49.2%
Voya U.S. Bond Index Portfolio - Class I	24.9%
Voya Short Duration Bond Fund - Class R6	8.0%
Voya International Index Portfolio - Class I	6.5%
Voya Russell™ Mid Cap Index Portfolio - Class I	4.0%
Voya Multi-Manager Emerging Markets Equity Fund - Class I	3.5%
Voya High Yield Bond Fund - Class R6	2.0%
Voya Russell™ Small Cap Index Portfolio - Class I	2.0%

Class I

This semi-annual shareholder report contains important information about Voya Retirement Moderately Aggressive Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class I	$16	0.32%

0.32%

8

Fund Statistics

Total Net Assets$154,306,039
# of Portfolio Holdings8
Portfolio Turnover Rate15%

Top 10 Holdings

Table Summary
Voya U.S. Stock Index Portfolio - Class I	49.2%
Voya U.S. Bond Index Portfolio - Class I	24.9%
Voya Short Duration Bond Fund - Class R6	8.0%
Voya International Index Portfolio - Class I	6.5%
Voya Russell™ Mid Cap Index Portfolio - Class I	4.0%
Voya Multi-Manager Emerging Markets Equity Fund - Class I	3.5%
Voya High Yield Bond Fund - Class R6	2.0%
Voya Russell™ Small Cap Index Portfolio - Class I	2.0%

Class ADV

This semi-annual shareholder report contains important information about Voya Retirement Moderate Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class ADV	$34	0.66%

0.66%

9

Fund Statistics

Total Net Assets$241,887,213
# of Portfolio Holdings9
Portfolio Turnover Rate17%

Top 10 Holdings

Table Summary
Voya U.S. Bond Index Portfolio - Class I	37.8%
Voya U.S. Stock Index Portfolio - Class I	31.2%
Voya Short Duration Bond Fund - Class R6	10.5%
Voya International Index Portfolio - Class I	6.5%
Voya High Yield Bond Fund - Class R6	4.0%
Voya Multi-Manager Emerging Markets Equity Fund - Class I	3.0%
Voya Russell™ Mid Cap Index Portfolio - Class I	3.0%
Voya Russell™ Small Cap Index Portfolio - Class I	2.0%
Schwab U.S. TIPS ETF	2.0%

Class I

This semi-annual shareholder report contains important information about Voya Retirement Moderate Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class I	$16	0.32%

0.32%

9

Fund Statistics

Total Net Assets$241,887,213
# of Portfolio Holdings9
Portfolio Turnover Rate17%

Top 10 Holdings

Table Summary
Voya U.S. Bond Index Portfolio - Class I	37.8%
Voya U.S. Stock Index Portfolio - Class I	31.2%
Voya Short Duration Bond Fund - Class R6	10.5%
Voya International Index Portfolio - Class I	6.5%
Voya High Yield Bond Fund - Class R6	4.0%
Voya Multi-Manager Emerging Markets Equity Fund - Class I	3.0%
Voya Russell™ Mid Cap Index Portfolio - Class I	3.0%
Voya Russell™ Small Cap Index Portfolio - Class I	2.0%
Schwab U.S. TIPS ETF	2.0%

Class ADV

This semi-annual shareholder report contains important information about Voya U.S. Stock Index Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class ADV	$41	0.79%

0.79%

515

Fund Statistics

Total Net Assets$2,963,916,806
# of Portfolio Holdings515
Portfolio Turnover Rate3%

Top 10 Holdings

Table Summary
NVIDIA Corp.	7.4%
Apple, Inc.	6.5%
Microsoft Corp.	4.2%
Amazon.com, Inc.	3.6%
Alphabet, Inc. - Class A	3.2%
Broadcom, Inc.	2.7%
Alphabet, Inc. - Class C	2.6%
Micron Technology, Inc.	2.0%
Meta Platforms, Inc. - Class A	1.9%
Tesla, Inc.	1.8%

Class I

This semi-annual shareholder report contains important information about Voya U.S. Stock Index Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class I	$14	0.26%

0.26%

515

Fund Statistics

Total Net Assets$2,963,916,806
# of Portfolio Holdings515
Portfolio Turnover Rate3%

Top 10 Holdings

Table Summary
NVIDIA Corp.	7.4%
Apple, Inc.	6.5%
Microsoft Corp.	4.2%
Amazon.com, Inc.	3.6%
Alphabet, Inc. - Class A	3.2%
Broadcom, Inc.	2.7%
Alphabet, Inc. - Class C	2.6%
Micron Technology, Inc.	2.0%
Meta Platforms, Inc. - Class A	1.9%
Tesla, Inc.	1.8%

Class S

This semi-annual shareholder report contains important information about Voya U.S. Stock Index Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S	$26	0.50%

0.50%

515

Fund Statistics

Total Net Assets$2,963,916,806
# of Portfolio Holdings515
Portfolio Turnover Rate3%

Top 10 Holdings

Table Summary
NVIDIA Corp.	7.4%
Apple, Inc.	6.5%
Microsoft Corp.	4.2%
Amazon.com, Inc.	3.6%
Alphabet, Inc. - Class A	3.2%
Broadcom, Inc.	2.7%
Alphabet, Inc. - Class C	2.6%
Micron Technology, Inc.	2.0%
Meta Platforms, Inc. - Class A	1.9%
Tesla, Inc.	1.8%

Class S2

This semi-annual shareholder report contains important information about Voya U.S. Stock Index Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S2	$34	0.66%

0.66%

515

Fund Statistics

Total Net Assets$2,963,916,806
# of Portfolio Holdings515
Portfolio Turnover Rate3%

Top 10 Holdings

Table Summary
NVIDIA Corp.	7.4%
Apple, Inc.	6.5%
Microsoft Corp.	4.2%
Amazon.com, Inc.	3.6%
Alphabet, Inc. - Class A	3.2%
Broadcom, Inc.	2.7%
Alphabet, Inc. - Class C	2.6%
Micron Technology, Inc.	2.0%
Meta Platforms, Inc. - Class A	1.9%
Tesla, Inc.	1.8%

Portfolio

This semi-annual shareholder report contains important information about Voya VACS Index Series S Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
VACS Index Series	$8	0.15%

0.15%

506

Fund Statistics

Total Net Assets$4,435,807,603
# of Portfolio Holdings506
Portfolio Turnover Rate3%

Top 10 Holdings

Table Summary
NVIDIA Corp.	7.4%
Apple, Inc.	6.5%
Microsoft Corp.	4.2%
Amazon.com, Inc.	3.6%
Alphabet, Inc. - Class A	3.2%
Broadcom, Inc.	2.7%
Alphabet, Inc. - Class C	2.5%
Micron Technology, Inc.	2.0%
Meta Platforms, Inc. - Class A	1.9%
Tesla, Inc.	1.8%

Class ADV

This semi-annual shareholder report contains important information about VY^® CBRE Global Real Estate Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class ADV	$93	1.80%

1.80%

78

Fund Statistics

Total Net Assets$108,856,371
# of Portfolio Holdings78
Portfolio Turnover Rate45%

Top 10 Holdings

Table Summary
Welltower, Inc.	10.1%
Equinix, Inc.	7.2%
Prologis, Inc.	3.9%
Ventas, Inc.	3.0%
Iron Mountain, Inc.	3.0%
Simon Property Group, Inc.	2.9%
Goodman Group	2.6%
VICI Properties, Inc.	2.6%
UDR, Inc.	2.4%
Unibail-Rodamco-Westfield	2.4%

Class I

This semi-annual shareholder report contains important information about VY^® CBRE Global Real Estate Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class I	$62	1.20%

1.20%

78

Fund Statistics

Total Net Assets$108,856,371
# of Portfolio Holdings78
Portfolio Turnover Rate45%

Top 10 Holdings

Table Summary
Welltower, Inc.	10.1%
Equinix, Inc.	7.2%
Prologis, Inc.	3.9%
Ventas, Inc.	3.0%
Iron Mountain, Inc.	3.0%
Simon Property Group, Inc.	2.9%
Goodman Group	2.6%
VICI Properties, Inc.	2.6%
UDR, Inc.	2.4%
Unibail-Rodamco-Westfield	2.4%

Class S

This semi-annual shareholder report contains important information about VY^® CBRE Global Real Estate Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S	$75	1.45%

1.45%

78

Fund Statistics

Total Net Assets$108,856,371
# of Portfolio Holdings78
Portfolio Turnover Rate45%

Top 10 Holdings

Table Summary
Welltower, Inc.	10.1%
Equinix, Inc.	7.2%
Prologis, Inc.	3.9%
Ventas, Inc.	3.0%
Iron Mountain, Inc.	3.0%
Simon Property Group, Inc.	2.9%
Goodman Group	2.6%
VICI Properties, Inc.	2.6%
UDR, Inc.	2.4%
Unibail-Rodamco-Westfield	2.4%

Class S2

This semi-annual shareholder report contains important information about VY^® CBRE Global Real Estate Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S2	$83	1.60%

1.60%

78

Fund Statistics

Total Net Assets$108,856,371
# of Portfolio Holdings78
Portfolio Turnover Rate45%

Top 10 Holdings

Table Summary
Welltower, Inc.	10.1%
Equinix, Inc.	7.2%
Prologis, Inc.	3.9%
Ventas, Inc.	3.0%
Iron Mountain, Inc.	3.0%
Simon Property Group, Inc.	2.9%
Goodman Group	2.6%
VICI Properties, Inc.	2.6%
UDR, Inc.	2.4%
Unibail-Rodamco-Westfield	2.4%

Class ADV

This semi-annual shareholder report contains important information about VY^® Columbia Real Estate Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class ADV	$73	1.35%

1.35%

79

Fund Statistics

Total Net Assets$95,765,650
# of Portfolio Holdings79
Portfolio Turnover Rate81%

Top 10 Holdings

Table Summary
Welltower, Inc.	12.1%
Prologis, Inc.	9.5%
Equinix, Inc.	9.5%
Simon Property Group, Inc.	5.0%
Gaming and Leisure Properties, Inc.	3.2%
Ventas, Inc.	3.1%
Iron Mountain, Inc.	2.8%
Digital Realty Trust, Inc.	2.7%
Public Storage	2.6%
Equity Residential	2.4%

Class I

This semi-annual shareholder report contains important information about VY^® Columbia Real Estate Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class I	$40	0.75%

0.75%

79

Fund Statistics

Total Net Assets$95,765,650
# of Portfolio Holdings79
Portfolio Turnover Rate81%

Top 10 Holdings

Table Summary
Welltower, Inc.	12.1%
Prologis, Inc.	9.5%
Equinix, Inc.	9.5%
Simon Property Group, Inc.	5.0%
Gaming and Leisure Properties, Inc.	3.2%
Ventas, Inc.	3.1%
Iron Mountain, Inc.	2.8%
Digital Realty Trust, Inc.	2.7%
Public Storage	2.6%
Equity Residential	2.4%

Class S

This semi-annual shareholder report contains important information about VY^® Columbia Real Estate Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S	$54	1.00%

1.00%

79

Fund Statistics

Total Net Assets$95,765,650
# of Portfolio Holdings79
Portfolio Turnover Rate81%

Top 10 Holdings

Table Summary
Welltower, Inc.	12.1%
Prologis, Inc.	9.5%
Equinix, Inc.	9.5%
Simon Property Group, Inc.	5.0%
Gaming and Leisure Properties, Inc.	3.2%
Ventas, Inc.	3.1%
Iron Mountain, Inc.	2.8%
Digital Realty Trust, Inc.	2.7%
Public Storage	2.6%
Equity Residential	2.4%

Class S2

This semi-annual shareholder report contains important information about VY^® Columbia Real Estate Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S2	$62	1.15%

1.15%

79

Fund Statistics

Total Net Assets$95,765,650
# of Portfolio Holdings79
Portfolio Turnover Rate81%

Top 10 Holdings

Table Summary
Welltower, Inc.	12.1%
Prologis, Inc.	9.5%
Equinix, Inc.	9.5%
Simon Property Group, Inc.	5.0%
Gaming and Leisure Properties, Inc.	3.2%
Ventas, Inc.	3.1%
Iron Mountain, Inc.	2.8%
Digital Realty Trust, Inc.	2.7%
Public Storage	2.6%
Equity Residential	2.4%

Class ADV

This semi-annual shareholder report contains important information about VY^® Invesco Growth and Income Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class ADV	$64	1.25%

1.25%

73

Fund Statistics

Total Net Assets$170,823,261
# of Portfolio Holdings73
Portfolio Turnover Rate16%

Top 10 Holdings

Table Summary
Alphabet, Inc. - Class A	3.2%
Amazon.com, Inc.	3.2%
Wells Fargo & Co.	3.1%
Bank of America Corp.	2.8%
Philip Morris International, Inc.	2.7%
Microsoft Corp.	2.5%
Johnson Controls International PLC	2.4%
Citizens Financial Group, Inc.	2.3%
Microchip Technology, Inc.	2.2%
NVIDIA Corp.	2.2%

Class I

This semi-annual shareholder report contains important information about VY^® Invesco Growth and Income Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class I	$34	0.65%

0.65%

73

Fund Statistics

Total Net Assets$170,823,261
# of Portfolio Holdings73
Portfolio Turnover Rate16%

Top 10 Holdings

Table Summary
Alphabet, Inc. - Class A	3.2%
Amazon.com, Inc.	3.2%
Wells Fargo & Co.	3.1%
Bank of America Corp.	2.8%
Philip Morris International, Inc.	2.7%
Microsoft Corp.	2.5%
Johnson Controls International PLC	2.4%
Citizens Financial Group, Inc.	2.3%
Microchip Technology, Inc.	2.2%
NVIDIA Corp.	2.2%

Class S

This semi-annual shareholder report contains important information about VY^® Invesco Growth and Income Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S	$46	0.90%

0.90%

73

Fund Statistics

Total Net Assets$170,823,261
# of Portfolio Holdings73
Portfolio Turnover Rate16%

Top 10 Holdings

Table Summary
Alphabet, Inc. - Class A	3.2%
Amazon.com, Inc.	3.2%
Wells Fargo & Co.	3.1%
Bank of America Corp.	2.8%
Philip Morris International, Inc.	2.7%
Microsoft Corp.	2.5%
Johnson Controls International PLC	2.4%
Citizens Financial Group, Inc.	2.3%
Microchip Technology, Inc.	2.2%
NVIDIA Corp.	2.2%

Class S2

This semi-annual shareholder report contains important information about VY^® Invesco Growth and Income Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S2	$54	1.05%

1.05%

73

Fund Statistics

Total Net Assets$170,823,261
# of Portfolio Holdings73
Portfolio Turnover Rate16%

Top 10 Holdings

Table Summary
Alphabet, Inc. - Class A	3.2%
Amazon.com, Inc.	3.2%
Wells Fargo & Co.	3.1%
Bank of America Corp.	2.8%
Philip Morris International, Inc.	2.7%
Microsoft Corp.	2.5%
Johnson Controls International PLC	2.4%
Citizens Financial Group, Inc.	2.3%
Microchip Technology, Inc.	2.2%
NVIDIA Corp.	2.2%

Class ADV

This semi-annual shareholder report contains important information about VY^® JPMorgan Emerging Markets Equity Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class ADV	$103	1.79%

1.79%

79

Fund Statistics

Total Net Assets$208,682,875
# of Portfolio Holdings79
Portfolio Turnover Rate20%

Top 10 Holdings

Table Summary
Taiwan Semiconductor Manufacturing Co. Ltd.	15.0%
SK Hynix, Inc.	11.9%
Samsung Electronics Co. Ltd.	6.3%
Tencent Holdings Ltd.	2.6%
NU Holdings Ltd./Cayman Islands - Class A	2.3%
Delta Electronics, Inc.	1.7%
Elite Material Co. Ltd.	1.7%
Banco Bilbao Vizcaya Argentaria SA	1.7%
Coforge Ltd.	1.5%
Accton Technology Corp.	1.5%

Class I

This semi-annual shareholder report contains important information about VY^® JPMorgan Emerging Markets Equity Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class I	$68	1.19%

1.19%

79

Fund Statistics

Total Net Assets$208,682,875
# of Portfolio Holdings79
Portfolio Turnover Rate20%

Top 10 Holdings

Table Summary
Taiwan Semiconductor Manufacturing Co. Ltd.	15.0%
SK Hynix, Inc.	11.9%
Samsung Electronics Co. Ltd.	6.3%
Tencent Holdings Ltd.	2.6%
NU Holdings Ltd./Cayman Islands - Class A	2.3%
Delta Electronics, Inc.	1.7%
Elite Material Co. Ltd.	1.7%
Banco Bilbao Vizcaya Argentaria SA	1.7%
Coforge Ltd.	1.5%
Accton Technology Corp.	1.5%

Class S

This semi-annual shareholder report contains important information about VY^® JPMorgan Emerging Markets Equity Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S	$83	1.44%

1.44%

79

Fund Statistics

Total Net Assets$208,682,875
# of Portfolio Holdings79
Portfolio Turnover Rate20%

Top 10 Holdings

Table Summary
Taiwan Semiconductor Manufacturing Co. Ltd.	15.0%
SK Hynix, Inc.	11.9%
Samsung Electronics Co. Ltd.	6.3%
Tencent Holdings Ltd.	2.6%
NU Holdings Ltd./Cayman Islands - Class A	2.3%
Delta Electronics, Inc.	1.7%
Elite Material Co. Ltd.	1.7%
Banco Bilbao Vizcaya Argentaria SA	1.7%
Coforge Ltd.	1.5%
Accton Technology Corp.	1.5%

Class S2

This semi-annual shareholder report contains important information about VY^® JPMorgan Emerging Markets Equity Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S2	$91	1.59%

1.59%

79

Fund Statistics

Total Net Assets$208,682,875
# of Portfolio Holdings79
Portfolio Turnover Rate20%

Top 10 Holdings

Table Summary
Taiwan Semiconductor Manufacturing Co. Ltd.	15.0%
SK Hynix, Inc.	11.9%
Samsung Electronics Co. Ltd.	6.3%
Tencent Holdings Ltd.	2.6%
NU Holdings Ltd./Cayman Islands - Class A	2.3%
Delta Electronics, Inc.	1.7%
Elite Material Co. Ltd.	1.7%
Banco Bilbao Vizcaya Argentaria SA	1.7%
Coforge Ltd.	1.5%
Accton Technology Corp.	1.5%

Class ADV

This semi-annual shareholder report contains important information about VY^® JPMorgan Small Cap Core Equity Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class ADV	$81	1.49%

1.49%

719

Fund Statistics

Total Net Assets$315,897,277
# of Portfolio Holdings719
Portfolio Turnover Rate46%

Top 10 Holdings

Table Summary
Novanta, Inc.	1.0%
Element Solutions, Inc.	0.9%
SM Energy Co.	0.8%
Bel Fuse, Inc. - Class B	0.7%
Loar Holdings, Inc.	0.7%
Ryman Hospitality Properties, Inc.	0.7%
Wintrust Financial Corp.	0.7%
MSA Safety, Inc.	0.7%
Cullen/Frost Bankers, Inc.	0.7%
Allegro MicroSystems, Inc.	0.7%

Class I

This semi-annual shareholder report contains important information about VY^® JPMorgan Small Cap Core Equity Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class I	$48	0.89%

0.89%

719

Fund Statistics

Total Net Assets$315,897,277
# of Portfolio Holdings719
Portfolio Turnover Rate46%

Top 10 Holdings

Table Summary
Novanta, Inc.	1.0%
Element Solutions, Inc.	0.9%
SM Energy Co.	0.8%
Bel Fuse, Inc. - Class B	0.7%
Loar Holdings, Inc.	0.7%
Ryman Hospitality Properties, Inc.	0.7%
Wintrust Financial Corp.	0.7%
MSA Safety, Inc.	0.7%
Cullen/Frost Bankers, Inc.	0.7%
Allegro MicroSystems, Inc.	0.7%

Class R6

This semi-annual shareholder report contains important information about VY^® JPMorgan Small Cap Core Equity Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class R6	$48	0.89%

0.89%

719

Fund Statistics

Total Net Assets$315,897,277
# of Portfolio Holdings719
Portfolio Turnover Rate46%

Top 10 Holdings

Table Summary
Novanta, Inc.	1.0%
Element Solutions, Inc.	0.9%
SM Energy Co.	0.8%
Bel Fuse, Inc. - Class B	0.7%
Loar Holdings, Inc.	0.7%
Ryman Hospitality Properties, Inc.	0.7%
Wintrust Financial Corp.	0.7%
MSA Safety, Inc.	0.7%
Cullen/Frost Bankers, Inc.	0.7%
Allegro MicroSystems, Inc.	0.7%

Class S

This semi-annual shareholder report contains important information about VY^® JPMorgan Small Cap Core Equity Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S	$62	1.14%

1.14%

719

Fund Statistics

Total Net Assets$315,897,277
# of Portfolio Holdings719
Portfolio Turnover Rate46%

Top 10 Holdings

Table Summary
Novanta, Inc.	1.0%
Element Solutions, Inc.	0.9%
SM Energy Co.	0.8%
Bel Fuse, Inc. - Class B	0.7%
Loar Holdings, Inc.	0.7%
Ryman Hospitality Properties, Inc.	0.7%
Wintrust Financial Corp.	0.7%
MSA Safety, Inc.	0.7%
Cullen/Frost Bankers, Inc.	0.7%
Allegro MicroSystems, Inc.	0.7%

Class S2

This semi-annual shareholder report contains important information about VY^® JPMorgan Small Cap Core Equity Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S2	$70	1.29%

1.29%

719

Fund Statistics

Total Net Assets$315,897,277
# of Portfolio Holdings719
Portfolio Turnover Rate46%

Top 10 Holdings

Table Summary
Novanta, Inc.	1.0%
Element Solutions, Inc.	0.9%
SM Energy Co.	0.8%
Bel Fuse, Inc. - Class B	0.7%
Loar Holdings, Inc.	0.7%
Ryman Hospitality Properties, Inc.	0.7%
Wintrust Financial Corp.	0.7%
MSA Safety, Inc.	0.7%
Cullen/Frost Bankers, Inc.	0.7%
Allegro MicroSystems, Inc.	0.7%

Class ADV

This semi-annual shareholder report contains important information about VY^® Morgan Stanley Global Franchise Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class ADV	$70	1.49%

1.49%

36

Fund Statistics

Total Net Assets$64,610,011
# of Portfolio Holdings36
Portfolio Turnover Rate34%

Top 10 Holdings

Table Summary
Alphabet, Inc. - Class A	6.3%
Taiwan Semiconductor Manufacturing Co. Ltd.	6.0%
Visa, Inc. - Class A	5.4%
Microsoft Corp.	4.6%
Coca-Cola Co.	4.6%
L'Oreal SA	4.6%
Aon PLC - Class A	4.5%
Netflix, Inc.	3.9%
Amazon.com, Inc.	3.5%
Ferrari NV	3.4%

Class R6

This semi-annual shareholder report contains important information about VY^® Morgan Stanley Global Franchise Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class R6	$42	0.89%

0.89%

36

Fund Statistics

Total Net Assets$64,610,011
# of Portfolio Holdings36
Portfolio Turnover Rate34%

Top 10 Holdings

Table Summary
Alphabet, Inc. - Class A	6.3%
Taiwan Semiconductor Manufacturing Co. Ltd.	6.0%
Visa, Inc. - Class A	5.4%
Microsoft Corp.	4.6%
Coca-Cola Co.	4.6%
L'Oreal SA	4.6%
Aon PLC - Class A	4.5%
Netflix, Inc.	3.9%
Amazon.com, Inc.	3.5%
Ferrari NV	3.4%

Class S

This semi-annual shareholder report contains important information about VY^® Morgan Stanley Global Franchise Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S	$53	1.14%

1.14%

36

Fund Statistics

Total Net Assets$64,610,011
# of Portfolio Holdings36
Portfolio Turnover Rate34%

Top 10 Holdings

Table Summary
Alphabet, Inc. - Class A	6.3%
Taiwan Semiconductor Manufacturing Co. Ltd.	6.0%
Visa, Inc. - Class A	5.4%
Microsoft Corp.	4.6%
Coca-Cola Co.	4.6%
L'Oreal SA	4.6%
Aon PLC - Class A	4.5%
Netflix, Inc.	3.9%
Amazon.com, Inc.	3.5%
Ferrari NV	3.4%

Class S2

This semi-annual shareholder report contains important information about VY^® Morgan Stanley Global Franchise Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S2	$60	1.29%

1.29%

36

Fund Statistics

Total Net Assets$64,610,011
# of Portfolio Holdings36
Portfolio Turnover Rate34%

Top 10 Holdings

Table Summary
Alphabet, Inc. - Class A	6.3%
Taiwan Semiconductor Manufacturing Co. Ltd.	6.0%
Visa, Inc. - Class A	5.4%
Microsoft Corp.	4.6%
Coca-Cola Co.	4.6%
L'Oreal SA	4.6%
Aon PLC - Class A	4.5%
Netflix, Inc.	3.9%
Amazon.com, Inc.	3.5%
Ferrari NV	3.4%

Class ADV

This semi-annual shareholder report contains important information about VY^® T. Rowe Price Capital Appreciation Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class ADV	$64	1.25%

1.25%

232

Fund Statistics

Total Net Assets$7,006,300,470
# of Portfolio Holdings232
Portfolio Turnover Rate59%

Top 10 Holdings

Table Summary
Microsoft Corp.	3.4%
Amazon.com, Inc.	3.4%
NVIDIA Corp.	3.0%
Broadcom, Inc.	2.7%
CenterPoint Energy, Inc.	2.6%
Alphabet, Inc. - Class A - Class A	2.6%
United States Treasury Notes, 3.500%, 02/28/31	2.5%
Meta Platforms, Inc. - Class A	2.3%
Advanced Micro Devices, Inc.	2.2%
United States Treasury Notes, 3.625%, 10/31/30	2.0%

Class I

This semi-annual shareholder report contains important information about VY^® T. Rowe Price Capital Appreciation Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class I	$33	0.65%

0.65%

232

Fund Statistics

Total Net Assets$7,006,300,470
# of Portfolio Holdings232
Portfolio Turnover Rate59%

Top 10 Holdings

Table Summary
Microsoft Corp.	3.4%
Amazon.com, Inc.	3.4%
NVIDIA Corp.	3.0%
Broadcom, Inc.	2.7%
CenterPoint Energy, Inc.	2.6%
Alphabet, Inc. - Class A - Class A	2.6%
United States Treasury Notes, 3.500%, 02/28/31	2.5%
Meta Platforms, Inc. - Class A	2.3%
Advanced Micro Devices, Inc.	2.2%
United States Treasury Notes, 3.625%, 10/31/30	2.0%

Class R6

This semi-annual shareholder report contains important information about VY^® T. Rowe Price Capital Appreciation Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class R6	$33	0.65%

0.65%

232

Fund Statistics

Total Net Assets$7,006,300,470
# of Portfolio Holdings232
Portfolio Turnover Rate59%

Top 10 Holdings

Table Summary
Microsoft Corp.	3.4%
Amazon.com, Inc.	3.4%
NVIDIA Corp.	3.0%
Broadcom, Inc.	2.7%
CenterPoint Energy, Inc.	2.6%
Alphabet, Inc. - Class A - Class A	2.6%
United States Treasury Notes, 3.500%, 02/28/31	2.5%
Meta Platforms, Inc. - Class A	2.3%
Advanced Micro Devices, Inc.	2.2%
United States Treasury Notes, 3.625%, 10/31/30	2.0%

Class S

This semi-annual shareholder report contains important information about VY^® T. Rowe Price Capital Appreciation Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S	$46	0.90%

0.90%

232

Fund Statistics

Total Net Assets$7,006,300,470
# of Portfolio Holdings232
Portfolio Turnover Rate59%

Top 10 Holdings

Table Summary
Microsoft Corp.	3.4%
Amazon.com, Inc.	3.4%
NVIDIA Corp.	3.0%
Broadcom, Inc.	2.7%
CenterPoint Energy, Inc.	2.6%
Alphabet, Inc. - Class A - Class A	2.6%
United States Treasury Notes, 3.500%, 02/28/31	2.5%
Meta Platforms, Inc. - Class A	2.3%
Advanced Micro Devices, Inc.	2.2%
United States Treasury Notes, 3.625%, 10/31/30	2.0%

Class S2

This semi-annual shareholder report contains important information about VY^® T. Rowe Price Capital Appreciation Portfolio for the period of January 1, 2026 to June 30, 2026.

What were the Fund’s costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
Class Name	Costs of $10K investment	Costs paid as % of $10K investment (Annualized)
Class S2	$53	1.05%

1.05%

232

Fund Statistics

Total Net Assets$7,006,300,470
# of Portfolio Holdings232
Portfolio Turnover Rate59%