PORTFOLIO
OF
INVESTMENTS
as
of
August
31,
2026
(Unaudited)
1
Voya
Small
Cap
Growth
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK
:
97.2%
Consumer
Discretionary
:
9.4%
344,723 
(1)
Cava
Group,
Inc.
$
22,665,537
1.1
333,045 
(1)
Dutch
Bros,
Inc.
- Class
A
16,272,579
0.8
105,739 
(1)
Five
Below,
Inc.
26,100,615
1.2
355,417 
(1)
Floor
&
Decor
Holdings,
Inc.
- Class
A
17,866,812
0.8
542,134 
(1)
Life
Time
Group
Holdings,
Inc.
22,780,471
1.1
137,593 
(1)
Modine
Manufacturing
Co.
24,550,719
1.2
601,630 
(1)
Navan,
Inc.
- Class
A
17,483,368
0.8
290,834 
(1)
Skyline
Champion
Corp.
25,962,751
1.2
306,799 
(1)
Victoria's
Secret
&
Co.
26,203,702
1.2
199,886,554
9.4
Consumer
Staples
:
3.1%
617,925 
(1)
Celsius
Holdings,
Inc.
19,433,741
0.9
204,246 
(1)
Chefs'
Warehouse,
Inc.
22,971,548
1.1
142,348 
PriceSmart,
Inc.
24,200,583
1.1
66,605,872
3.1
Energy
:
5.4%
1,002,809 
(1)
National
Energy
Services
Reunited
Corp.
35,208,624
1.7
1,240,476 
Northern
Oil
and
Gas,
Inc.
32,264,781
1.5
277,574 
Solaris
Oilfield
Infrastructure,
Inc.
- Class
A
14,092,432
0.7
345,693 
(1)
Tidewater,
Inc.
32,190,932
1.5
113,756,769
5.4
Financials
:
9.5%
413,754 
Ameris
Bancorp
34,858,775
1.6
34,991 
(1)
Dave,
Inc.
12,579,964
0.6
74,275 
FirstCash
Holdings,
Inc.
15,929,759
0.8
701,153 
Glacier
Bancorp,
Inc.
32,470,396
1.5
322,177 
(1)
Goosehead
Insurance,
Inc.
- Class
A
22,117,451
1.1
158,269 
Palomar
Holdings,
Inc.
20,981,721
1.0
462,418 
Piper
Sandler
Cos.
34,709,095
1.6
410,881 
(1)
StoneX
Group,
Inc.
28,137,131
1.3
201,784,292
9.5
Health
Care
:
29.0%
1,034,813 
(1)
Alignment
Healthcare,
Inc.
13,866,494
0.7
214,355 
(1)
Arrowhead
Pharmaceuticals,
Inc.
17,660,708
0.8
71,596 
(1)
Axsome
Therapeutics,
Inc.
14,213,238
0.7
530,569 
(1)
BrightSpring
Health
Services,
Inc.
30,985,230
1.5
165,320 
(1)
Celcuity,
Inc.
14,723,399
0.7
506,642 
(1)
Cogent
Biosciences,
Inc.
17,732,470
0.8
122,945 
(1)
Cytokinetics,
Inc.
8,718,030
0.4
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
106,664 
(1)
Guardant
Health,
Inc.
$
16,961,709
0.8
454,297 
(1)
HeartFlow,
Inc.
22,892,026
1.1
242,113 
(1)
Hinge
Health,
Inc.
- Class
A
22,409,979
1.1
158,747 
(1)
ICON
PLC
26,191,668
1.2
132,466 
(1)
iRhythm
Technologies,
Inc.
15,755,506
0.7
50,843 
(1)
Krystal
Biotech,
Inc.
18,270,941
0.9
155,630 
(1)
Kymera
Therapeutics,
Inc.
18,490,400
0.9
129,600 
LeMaitre
Vascular,
Inc.
10,404,288
0.5
1,369,894 
(1)
LifeStance
Health
Group,
Inc.
16,931,890
0.8
70,352 
(1)
Ligand
Pharmaceuticals,
Inc.
19,987,003
0.9
179,661 
(1)
Merit
Medical
Systems,
Inc.
16,288,066
0.8
196,143 
(1)
Oruka
Therapeutics,
Inc.
18,166,765
0.9
62,191 
(1)
Praxis
Precision
Medicines,
Inc.
21,785,507
1.0
196,438 
(1)
Protagonist
Therapeutics,
Inc.
29,023,715
1.4
268,084 
(1)
PTC
Therapeutics,
Inc.
18,642,561
0.9
425,557 
(1)
RadNet,
Inc.
32,265,732
1.5
261,558 
(1)
Repligen
Corp.
47,336,767
2.2
146,491 
(1)
Rhythm
Pharmaceuticals,
Inc.
15,547,090
0.7
497,634 
(1)
Scholar
Rock
Holding
Corp.
28,265,611
1.3
172,270 
(1)
Spyre
Therapeutics,
Inc.
15,388,879
0.7
563,766 
(1)
Tango
Therapeutics,
Inc.
12,876,415
0.6
485,815 
(1)
TG
Therapeutics,
Inc.
26,379,755
1.2
140,646 
(1)
Twist
Bioscience
Corp.
19,549,794
0.9
229,316 
(1)
Vera
Therapeutics,
Inc.
7,815,089
0.4
615,526,725
29.0
Industrials
:
18.1%
644,874 
(1)
Casella
Waste
Systems,
Inc.
- Class
A
59,489,626
2.8
244,710 
(1)
CECO
Environmental
Corp.
17,423,352
0.8
173,947 
(1)
Construction
Partners,
Inc.
- Class
A
18,473,171
0.9
78,109 
(1)
Dycom
Industries,
Inc.
22,746,122
1.1
192,753 
Granite
Construction,
Inc.
23,238,302
1.1
139,205 
Herc
Holdings,
Inc.
21,206,490
1.0
124,735 
(1)
Huron
Consulting
Group,
Inc.
19,943,879
0.9
367,870 
(1)
Karman
Holdings,
Inc.
15,248,212
0.7
239,580 
(1)
Mercury
Systems,
Inc.
20,922,521
1.0
780,781 
(1)
QXO,
Inc.
10,368,772
0.5
214,129 
Rush
Enterprises,
Inc.
- Class
A
16,451,531
0.8
49,030 
(1)
Saia,
Inc.
17,412,024
0.8
47,775 
(1)
SPX
Technologies,
Inc.
9,399,731
0.4
PORTFOLIO
OF
INVESTMENTS
as
of
August
31,
2026
(Unaudited)
(continued)
2
Voya
Small
Cap
Growth
Fund
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Industrials:
(continued)
131,072 
Standex
International
Corp.
$
37,966,316
1.8
300,083 
Terex
Corp.
19,058,271
0.9
151,924 
VSE
Corp.
31,703,500
1.5
64,681 
Watts
Water
Technologies,
Inc.
- Class
A
23,657,076
1.1
384,708,896
18.1
Information
Technology
:
16.8%
282,456 
(1)
ACI
Worldwide,
Inc.
15,049,256
0.7
502,697 
(1)
Allegro
MicroSystems,
Inc.
18,222,766
0.9
585,425 
(1)
Applied
Digital
Corp.
14,875,649
0.7
494,515 
(1)
Box,
Inc.
- Class
A
17,693,747
0.8
259,437 
Cognex
Corp.
15,815,279
0.8
115,405 
(1)
CommVault
Systems,
Inc.
15,870,495
0.8
640,240 
(1)
D-Wave
Quantum,
Inc.
11,012,128
0.5
335,551 
(1)
Hut
8
Corp.
26,387,731
1.2
102,001 
(1)
Impinj,
Inc.
17,780,814
0.8
107,727 
InterDigital,
Inc.
36,091,777
1.7
155,474 
(1)
JFrog
Ltd.
15,558,283
0.7
423,879 
(1)
LightPath
Technologies,
Inc.
- Class
A
4,264,223
0.2
163,336 
(1)
MaxLinear,
Inc.
9,785,460
0.5
904,928 
(1)
Ondas,
Inc.
6,927,224
0.3
64,237 
(1)
OSI
Systems,
Inc.
13,355,515
0.6
386,939 
(1)
Ouster,
Inc.
13,326,179
0.6
154,535 
(1)
Semtech
Corp.
20,546,974
1.0
303,745 
(1)
ServiceTitan,
Inc.
- Class
A
29,779,160
1.4
104,779 
Silicon
Motion
Technology
Corp.,
ADR
25,863,648
1.2
23,255 
(1)
SiTime
Corp.
13,148,842
0.6
372,957 
(1)
Varonis
Systems,
Inc.
16,324,328
0.8
357,679,478
16.8
Materials
:
4.0%
1,193,503 
(1)
Almonty
Industries,
Inc.
21,244,353
1.0
471,606 
Celanese
Corp.
21,448,641
1.0
484,183 
Chemours
Co.
7,533,888
0.4
415,360 
Element
Solutions,
Inc.
14,761,895
0.7
556,536 
(1)
Suncrete,
Inc.
- Class
A
9,544,592
0.4
575,304 
(1)
USA
Rare
Earth,
Inc.
10,251,917
0.5
84,785,286
4.0
Real
Estate
:
1.9%
720,614 
American
Healthcare
REIT,
Inc.
39,785,099
1.9
Total
Common
Stock
(Cost
$1,775,950,438)
2,064,518,971
97.2
Shares
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
2.7%
Mutual
Funds
:
2.7%
57,532,000 
(2)
Morgan
Stanley
Institutional
Liquidity
Funds
-
Government
Portfolio
(Institutional
Share
Class),
3.580%
(Cost
$57,532,000)
$
57,532,000
2.7
Total
Short-Term
Investments
(Cost
$57,532,000)
$
57,532,000
2.7
Total
Investments
in
Securities
(Cost
$1,833,482,438)
$
2,122,050,971
99.9
Assets
in
Excess
of
Other
Liabilities
2,747,724
0.1
Net
Assets
$
2,124,798,695
100.0
ADR
American
Depositary
Receipt
(1)
Non-income
producing
security.
(2)
Rate
shown
is
the
7-day
yield
as
of
August
31,
2026.
PORTFOLIO
OF
INVESTMENTS
as
of
August
31,
2026
(Unaudited)
(continued)
3
Voya
Small
Cap
Growth
Fund
Fair
Value
Measurements
The
following
is
a
summary
of
the
fair
valuations
according
to
the
inputs
used
as
of
August
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
August
31,
2026
Asset
Table
Investments,
at
fair
value
Common
Stock*
$
2,064,518,971
$
—
$
—
$
2,064,518,971
Short-Term
Investments
57,532,000
—
—
57,532,000
Total
Investments,
at
fair
value
$
2,122,050,971
$
—
$
—
$
2,122,050,971
*
For
further
breakdown
of
Common
Stock
by
sector,
please
refer
to
the
Portfolio
of
Investments.
Net
unrealized
appreciation
consisted
of:
Gross
Unrealized
Appreciation
$
374,217,028
Gross
Unrealized
Depreciation
(85,648,495)
Net
Unrealized
Appreciation
$
288,568,533