PORTFOLIO

OF

INVESTMENTS

as

of

June

30,

2023

(Unaudited)

1

Voya

Short

Term

Bond

Fund

Principal

Amount

†

RA

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES

:

37

.7

%

Basic

Materials

:

1

.0

%

389,000 

(1)

Albemarle

Corp.,

4.650%,

06/01/2027

$

379,145

0.1

450,000 

(2)

Avient

Corp.,

5.750%,

05/15/2025

444,943

0.1

641,000 

Ecolab,

Inc.,

1.650%,

02/01/2027

576,498

0.1

678,000 

Ecolab,

Inc.,

2.700%,

11/01/2026

637,848

0.1

417,000 

EIDP,

Inc.,

4.500%,

05/15/2026

409,554

0.1

666,000 

Freeport-McMoRan,

Inc.,

4.550%,

11/14/2024

657,096

0.1

827,000 

(2)

Georgia-Pacific

LLC,

1.750%,

09/30/2025

759,561

0.1

412,000 

(2)

International

Flavors

&

Fragrances,

Inc.,

1.832%,

10/15/2027

347,781

0.1

252,000 

Nucor

Corp.,

2.000%,

06/01/2025

235,789

0.0

65,000 

Nutrien

Ltd.,

4.900%,

03/27/2028

63,800

0.0

1,098,000 

Nutrien

Ltd.,

5.950%,

11/07/2025

1,105,063

0.2

5,617,078

1.0

Communications

:

2

.2

%

906,000 

Amazon.com,

Inc.,

3.000%,

04/13/2025

874,404

0.2

582,000 

Amazon.com,

Inc.,

4.550%,

12/01/2027

578,692

0.1

160,000 

AMC

Networks,

Inc.,

5.000%,

04/01/2024

157,666

0.0

513,000 

AT&T,

Inc.,

1.700%,

03/25/2026

467,779

0.1

557,000 

Bell

Telephone

Co.

of

Canada

or

Bell

Canada

US-3,

0.750%,

03/17/2024

538,242

0.1

759,000 

British

Telecommunications

PLC,

4.500%,

12/04/2023

754,774

0.1

529,000 

Comcast

Corp.,

4.550%,

01/15/2029

519,758

0.1

406,000 

Comcast

Corp.,

5.250%,

11/07/2025

408,314

0.1

425,000 

DISH

DBS

Corp.,

5.875%,

11/15/2024

372,249

0.1

444,000 

Fox

Corp.,

3.050%,

04/07/2025

425,060

0.1

695,000 

Fox

Corp.,

4.030%,

01/25/2024

688,176

0.1

581,000 

Meta

Platforms,

Inc.,

3.500%,

08/15/2027

551,948

0.1

83,000 

Motorola

Solutions,

Inc.,

4.000%,

09/01/2024

81,070

0.0

1,497,000 

(2)

NBN

Co.

Ltd.,

1.450%,

05/05/2026

1,346,966

0.2

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Communications:

(continued)

671,000 

(2)

NTT

Finance

Corp.,

0.583%,

03/01/2024

$

648,434

0.1

423,000 

(2)

NTT

Finance

Corp.,

4.142%,

07/26/2024

416,466

0.1

1,147,000 

Sprint

Capital

Corp.,

6.875%,

11/15/2028

1,216,845

0.2

429,000 

T-Mobile

USA,

Inc.,

2.250%,

02/15/2026

394,575

0.1

283,000 

T-Mobile

USA,

Inc.,

2.625%,

04/15/2026

262,524

0.0

733,000 

T-Mobile

USA,

Inc.,

3.750%,

04/15/2027

694,216

0.1

291,000 

T-Mobile

USA,

Inc.,

4.950%,

03/15/2028

286,515

0.0

300,000 

(2)

Univision

Communications,

Inc.,

5.125%,

02/15/2025

294,018

0.1

649,000 

Verizon

Communications,

Inc.,

0.850%,

11/20/2025

585,609

0.1

12,564,300

2.2

Consumer,

Cyclical

:

3

.1

%

361,000 

(2)

7-Eleven,

Inc.,

0.950%,

02/10/2026

322,651

0.1

20,719 

American

Airlines

Pass

Through

Trust

2016-1,

AA,

3.575%,

07/15/2029

19,224

0.0

544,000 

American

Axle

&

Manufacturing,

Inc.,

6.250%,

03/15/2026

529,705

0.1

195,000 

American

Honda

Finance

Corp.,

1.300%,

09/09/2026

173,798

0.0

656,000 

(2)

BMW

US

Capital

LLC,

1.250%,

08/12/2026

585,661

0.1

682,000 

(2)

BMW

US

Capital

LLC,

3.250%,

04/01/2025

659,279

0.1

1,035,000 

(2)

Daimler

Truck

Finance

North

America

LLC,

3.500%,

04/07/2025

996,196

0.2

200,000 

(2)

Dana

Financing

Luxembourg

Sarl,

5.750%,

04/15/2025

197,306

0.0

198,996 

Delta

Air

Lines

Pass

Through

Trust

20-1,

A,

2.500%,

12/10/2029

171,738

0.0

297,899 

Delta

Air

Lines

Pass

Through

Trust

2015-1,

B,

4.250%,

01/30/2025

297,047

0.0

160,000 

Delta

Air

Lines

Pass

Through

Trust

2019-1,

A,

3.404%,

10/25/2025

155,939

0.0

500,000 

Ford

Motor

Credit

Co.

LLC,

4.389%,

01/08/2026

473,656

0.1

400,000 

Ford

Motor

Credit

Co.

LLC,

5.584%,

03/18/2024

397,538

0.1

PORTFOLIO

OF

INVESTMENTS

as

of

June

30,

2023

(Unaudited)

(continued)

2

Voya

Short

Term

Bond

Fund

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Consumer,

Cyclical:

(continued)

956,000 

General

Motors

Financial

Co.,

Inc.,

1.700%,

08/18/2023

$

951,089

0.2

410,000 

General

Motors

Financial

Co.,

Inc.,

3.800%,

04/07/2025

395,627

0.1

586,000 

General

Motors

Financial

Co.,

Inc.,

5.250%,

03/01/2026

577,355

0.1

704,000 

General

Motors

Financial

Co.,

Inc.,

5.400%,

04/06/2026

696,156

0.1

800,000 

(2)

Hilton

Domestic

Operating

Co.,

Inc.,

5.375%,

05/01/2025

791,784

0.1

874,000 

Honda

Motor

Co.

Ltd.,

2.534%,

03/10/2027

805,429

0.1

561,000 

(1)(2)

Hyundai

Capital

America,

1.300%,

01/08/2026

502,215

0.1

526,000 

(2)

Hyundai

Capital

America,

5.650%,

06/26/2026

523,015

0.1

900,000 

(2)

International

Game

Technology

PLC,

4.125%,

04/15/2026

855,495

0.1

888,000 

Lennar

Corp.,

4.500%,

04/30/2024

880,660

0.1

252,000 

Lowe's

Cos.,

Inc.,

3.350%,

04/01/2027

238,131

0.0

999,000 

(2)

Mattel,

Inc.,

3.375%,

04/01/2026

920,271

0.2

334,750 

(2)

Mileage

Plus

Holdings

LLC

/

Mileage

Plus

Intellectual

Property

Assets

Ltd.,

6.500%,

06/20/2027

335,887

0.1

1,112,000 

Ross

Stores,

Inc.,

4.600%,

04/15/2025

1,091,047

0.2

900,000 

(2)

Taylor

Morrison

Communities,

Inc.

/

Taylor

Morrison

Holdings

II,

Inc.,

5.625%,

03/01/2024

894,060

0.2

344,000 

(1)

Toyota

Motor

Credit

Corp.,

4.625%,

01/12/2028

341,238

0.1

400,000 

TRI

Pointe

Group,

Inc.

/

TRI

Pointe

Homes,

Inc.,

5.875%,

06/15/2024

397,360

0.1

116,427 

United

Airlines

Pass

Through

Trust

20-1,

A,

5.875%,

04/15/2029

115,571

0.0

146,983 

US

Airways

Pass

Through

Trust

2012-1,

A,

5.900%,

04/01/2026

145,825

0.0

409,000 

Walmart,

Inc.,

3.950%,

09/09/2027

401,457

0.1

710,000 

Walmart,

Inc.,

4.000%,

04/15/2026

697,725

0.1

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Consumer,

Cyclical:

(continued)

864,000 

Warnermedia

Holdings,

Inc.,

3.755%,

03/15/2027

$

806,256

0.1

18,343,391

3.1

Consumer,

Non-cyclical

:

4

.9

%

728,000 

AbbVie,

Inc.,

2.600%,

11/21/2024

698,846

0.1

1,088,000 

AbbVie,

Inc.,

3.200%,

05/14/2026

1,031,575

0.2

680,000 

Amgen,

Inc.,

3.200%,

11/02/2027

635,398

0.1

1,044,000 

Amgen,

Inc.,

5.250%,

03/02/2025

1,038,996

0.2

1,215,000 

AstraZeneca

PLC,

3.375%,

11/16/2025

1,168,614

0.2

695,000 

Becton

Dickinson

&

Co.,

4.693%,

02/13/2028

685,956

0.1

403,000 

Boston

Scientific

Corp.,

1.900%,

06/01/2025

377,979

0.1

645,000 

Bristol-Myers

Squibb

Co.,

0.750%,

11/13/2025

586,284

0.1

760,000 

Bunge

Ltd.

Finance

Corp.,

1.630%,

08/17/2025

699,608

0.1

215,000 

(2)

Cargill,

Inc.,

3.500%,

04/22/2025

208,640

0.0

263,000 

(2)

Cargill,

Inc.,

3.625%,

04/22/2027

251,399

0.0

888,000 

Cigna

Group,

1.250%,

03/15/2026

797,906

0.1

314,000 

(2)

CSL

Finance

PLC,

3.850%,

04/27/2027

299,988

0.1

1,247,000 

CVS

Health

Corp.,

3.875%,

07/20/2025

1,212,303

0.2

1,398,000 

Diageo

Capital

PLC,

1.375%,

09/29/2025

1,286,636

0.2

681,000 

Diageo

Capital

PLC,

5.300%,

10/24/2027

692,439

0.1

629,000 

(2)

Element

Fleet

Management

Corp.,

3.850%,

06/15/2025

595,272

0.1

315,000 

Equifax,

Inc.,

2.600%,

12/15/2025

293,262

0.1

410,000 

Estee

Lauder

Cos.,

Inc.,

4.375%,

05/15/2028

404,062

0.1

933,000 

GE

HealthCare

Technologies,

Inc.,

5.600%,

11/15/2025

933,837

0.2

920,000 

Global

Payments,

Inc.,

1.200%,

03/01/2026

818,002

0.1

999,000 

HCA,

Inc.,

5.875%,

02/15/2026

999,868

0.2

600,000 

(2)

Health

Care

Service

Corp.

A

Mutual

Legal

Reserve

Co.,

1.500%,

06/01/2025

550,097

0.1

1,129,000 

Humana,

Inc.,

3.700%,

03/23/2029

1,034,703

0.2

PORTFOLIO

OF

INVESTMENTS

as

of

June

30,

2023

(Unaudited)

(continued)

3

Voya

Short

Term

Bond

Fund

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Consumer,

Non-cyclical:

(continued)

259,000 

(2)

Kenvue,

Inc.,

5.500%,

03/22/2025

$

259,774

0.0

598,000 

Laboratory

Corp.

of

America

Holdings,

3.600%,

02/01/2025

578,076

0.1

225,000 

Mylan,

Inc.,

4.200%,

11/29/2023

223,436

0.0

766,000 

(2)

Nestle

Holdings,

Inc.,

4.125%,

10/01/2027

749,638

0.1

715,000 

PepsiCo,

Inc.,

3.600%,

02/18/2028

688,680

0.1

1,360,000 

Pfizer

Investment

Enterprises

Pte

Ltd.,

4.450%,

05/19/2026

1,344,009

0.2

594,000 

Revvity,

Inc.,

0.850%,

09/15/2024

558,547

0.1

1,005,000 

Royalty

Pharma

PLC,

0.750%,

09/02/2023

995,822

0.2

1,361,000 

Royalty

Pharma

PLC,

1.200%,

09/02/2025

1,227,906

0.2

748,000 

S&P

Global,

Inc.,

2.450%,

03/01/2027

690,388

0.1

1,151,000 

S&P

Global,

Inc.,

2.700%,

03/01/2029

1,036,772

0.2

1,164,000 

(2)

Triton

Container

International

Ltd.,

1.150%,

06/07/2024

1,104,099

0.2

498,000 

UnitedHealth

Group,

Inc.,

2.950%,

10/15/2027

462,413

0.1

486,000 

UnitedHealth

Group,

Inc.,

3.375%,

04/15/2027

462,255

0.1

659,000 

Viatris,

Inc.,

1.650%,

06/22/2025

606,635

0.1

522,000 

Zoetis,

Inc.,

5.400%,

11/14/2025

523,735

0.1

28,813,855

4.9

Energy

:

1

.6

%

516,000 

Baker

Hughes

Holdings

LLC

/

Baker

Hughes

Co-Obligor,

Inc.,

2.061%,

12/15/2026

465,161

0.1

748,000 

Canadian

Natural

Resources

Ltd.,

2.050%,

07/15/2025

696,971

0.1

741,000 

Enbridge,

Inc.,

0.550%,

10/04/2023

731,580

0.1

358,000 

EnLink

Midstream

Partners

L.P.,

4.150%,

06/01/2025

347,618

0.1

243,000 

Equinor

ASA,

2.875%,

04/06/2025

232,991

0.0

590,000 

Kinder

Morgan,

Inc.,

1.750%,

11/15/2026

522,826

0.1

916,000 

Occidental

Petroleum

Corp.,

3.500%,

06/15/2025

869,925

0.1

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Energy:

(continued)

1,252,000 

ONEOK,

Inc.,

5.850%,

01/15/2026

$

1,257,212

0.2

385,000 

(1)

Ovintiv

Exploration,

Inc.,

5.375%,

01/01/2026

382,535

0.1

551,000 

Phillips

66,

3.850%,

04/09/2025

536,000

0.1

647,000 

Pioneer

Natural

Resources

Co.,

1.125%,

01/15/2026

582,925

0.1

1,252,000 

Plains

All

American

Pipeline

L.P.

/

PAA

Finance

Corp.,

4.650%,

10/15/2025

1,220,145

0.2

263,000 

Schlumberger

Investment

SA,

4.500%,

05/15/2028

259,013

0.0

333,000 

TransCanada

PipeLines

Ltd.,

1.000%,

10/12/2024

313,017

0.1

889,000 

Williams

Cos.,

Inc.,

4.550%,

06/24/2024

877,252

0.2

9,295,171

1.6

Financial

:

16

.3

%

427,000 

AerCap

Ireland

Capital

DAC

/

AerCap

Global

Aviation

Trust,

1.650%,

10/29/2024

401,454

0.1

653,000 

Aflac,

Inc.,

1.125%,

03/15/2026

584,916

0.1

670,000 

Ally

Financial,

Inc.,

3.875%,

05/21/2024

654,625

0.1

366,000 

American

Express

Co.,

2.500%,

07/30/2024

353,934

0.1

298,000 

(3)

American

Express

Co.,

4.990%,

05/01/2026

294,447

0.0

619,000 

American

Express

Co.,

5.850%,

11/05/2027

634,190

0.1

438,000 

American

Tower

Corp.,

3.650%,

03/15/2027

410,509

0.1

112,000 

American

Tower

Corp.,

5.250%,

07/15/2028

110,801

0.0

679,000 

Ameriprise

Financial,

Inc.,

2.875%,

09/15/2026

634,102

0.1

850,000 

Ameriprise

Financial,

Inc.,

3.000%,

04/02/2025

809,768

0.1

958,000 

(2)

Aviation

Capital

Group

LLC,

5.500%,

12/15/2024

938,219

0.2

1,175,000 

(2)

Avolon

Holdings

Funding

Ltd.,

2.528%,

11/18/2027

991,913

0.2

574,000 

(2)

Avolon

Holdings

Funding

Ltd.,

4.375%,

05/01/2026

536,723

0.1

1,727,000 

(3)

Bank

of

America

Corp.,

0.810%,

10/24/2024

1,698,485

0.3

PORTFOLIO

OF

INVESTMENTS

as

of

June

30,

2023

(Unaudited)

(continued)

4

Voya

Short

Term

Bond

Fund

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Financial:

(continued)

1,406,000 

(3)

Bank

of

America

Corp.,

0.976%,

04/22/2025

$

1,348,349

0.2

1,281,000 

(3)

Bank

of

America

Corp.,

1.319%,

06/19/2026

1,173,967

0.2

1,110,000 

(3)

Bank

of

America

Corp.,

1.530%,

12/06/2025

1,038,133

0.2

715,000 

(3)

Bank

of

America

Corp.,

1.734%,

07/22/2027

638,729

0.1

684,000 

(3)

Bank

of

America

Corp.,

2.015%,

02/13/2026

640,872

0.1

38,000 

(3)

Bank

of

America

Corp.,

3.419%,

12/20/2028

34,880

0.0

123,000 

(3)

Bank

of

America

Corp.,

3.705%,

04/24/2028

115,373

0.0

422,000 

(3)

Bank

of

America

Corp.,

4.376%,

04/27/2028

405,448

0.1

1,165,000 

(3)

Bank

of

America

Corp.,

5.202%,

04/25/2029

1,152,996

0.2

239,000 

(3)

Bank

of

America

Corp.

N,

1.658%,

03/11/2027

215,187

0.0

1,055,000 

Bank

of

Montreal,

5.300%,

06/05/2026

1,052,688

0.2

601,000 

(3)

Bank

of

New

York

Mellon

Corp.,

3.430%,

06/13/2025

586,296

0.1

229,000 

(3)

Bank

of

New

York

Mellon

Corp.,

4.414%,

07/24/2026

224,213

0.0

701,000 

(3)

Bank

of

New

York

Mellon

Corp.,

4.947%,

04/26/2027

692,705

0.1

598,000 

Bank

of

Nova

Scotia,

0.700%,

04/15/2024

575,030

0.1

593,000 

Bank

of

Nova

Scotia,

1.450%,

01/10/2025

555,642

0.1

816,000 

Bank

of

Nova

Scotia,

3.450%,

04/11/2025

785,956

0.1

362,000 

Berkshire

Hathaway,

Inc.,

3.125%,

03/15/2026

348,936

0.1

1,117,000 

(2)

Blackstone

Holdings

Finance

Co.

LLC,

1.625%,

08/05/2028

924,533

0.2

457,000 

(2)

Blackstone

Holdings

Finance

Co.

LLC,

5.900%,

11/03/2027

462,900

0.1

595,000 

(2)

BPCE

SA,

5.700%,

10/22/2023

592,467

0.1

1,121,000 

Brookfield

Finance,

Inc.,

4.000%,

04/01/2024

1,105,657

0.2

304,000 

Camden

Property

Trust,

4.100%,

10/15/2028

287,810

0.0

249,000 

Canadian

Imperial

Bank

of

Commerce,

1.000%,

10/18/2024

234,591

0.0

485,000 

Canadian

Imperial

Bank

of

Commerce,

3.300%,

04/07/2025

465,851

0.1

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Financial:

(continued)

234,000 

Canadian

Imperial

Bank

of

Commerce,

3.945%,

08/04/2025

$

226,297

0.0

315,000 

(3)

Capital

One

Financial

Corp.,

1.878%,

11/02/2027

270,045

0.0

598,000 

(3)

Capital

One

Financial

Corp.,

4.166%,

05/09/2025

582,715

0.1

535,000 

(3)

Capital

One

Financial

Corp.,

5.468%,

02/01/2029

512,867

0.1

524,000 

(3)

Charles

Schwab

Corp.,

5.643%,

05/19/2029

524,012

0.1

615,000 

(2)

CNO

Global

Funding,

1.650%,

01/06/2025

571,738

0.1

550,000 

(2)(3)

Cooperatieve

Rabobank

UA,

1.339%,

06/24/2026

503,223

0.1

507,000 

Corebridge

Financial,

Inc.,

3.650%,

04/05/2027

473,831

0.1

651,000 

(2)

Corebridge

Global

Funding,

0.900%,

09/22/2025

584,852

0.1

121,000 

Credit

Suisse

AG/

New

York

NY,

2.950%,

04/09/2025

113,777

0.0

1,776,000 

Credit

Suisse

AG/

New

York

NY,

3.625%,

09/09/2024

1,711,066

0.3

1,210,000 

Crown

Castle,

Inc.,

1.350%,

07/15/2025

1,106,965

0.2

628,000 

(2)(3)

Danske

Bank

A/S,

0.976%,

09/10/2025

586,215

0.1

338,000 

(2)(3)

Danske

Bank

A/S,

3.773%,

03/28/2025

330,461

0.1

556,000 

(2)(3)

Danske

Bank

A/S,

4.298%,

04/01/2028

519,497

0.1

801,000 

(3)

Deutsche

Bank

AG/

New

York

NY,

2.222%,

09/18/2024

790,925

0.1

947,000 

Discover

Financial

Services,

3.950%,

11/06/2024

913,089

0.2

561,000 

(2)(3)

DNB

Bank

ASA,

2.968%,

03/28/2025

547,798

0.1

836,000 

(2)(3)

DNB

Bank

ASA,

5.896%,

10/09/2026

828,410

0.1

703,000 

Equinix,

Inc.,

1.250%,

07/15/2025

641,638

0.1

954,000 

Federal

Realty

OP

L.P.,

3.950%,

01/15/2024

943,317

0.2

1,654,000 

(2)

Federation

des

Caisses

Desjardins

du

Quebec,

2.050%,

02/10/2025

1,552,736

0.3

432,000 

(2)

Five

Corners

Funding

Trust,

4.419%,

11/15/2023

427,314

0.1

PORTFOLIO

OF

INVESTMENTS

as

of

June

30,

2023

(Unaudited)

(continued)

5

Voya

Short

Term

Bond

Fund

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Financial:

(continued)

600,000 

(2)

GA

Global

Funding

Trust,

3.850%,

04/11/2025

$

571,752

0.1

285,000 

(3)

Goldman

Sachs

Group,

Inc.,

0.925%,

10/21/2024

280,213

0.0

354,000 

(3)

Goldman

Sachs

Group,

Inc.,

2.640%,

02/24/2028

321,471

0.0

324,000 

Hanover

Insurance

Group,

Inc.,

4.500%,

04/15/2026

313,892

0.0

300,000 

(2)

HAT

Holdings

I

LLC

/

HAT

Holdings

II

LLC,

3.375%,

06/15/2026

269,183

0.0

1,342,000 

(3)

HSBC

Holdings

PLC,

0.732%,

08/17/2024

1,332,221

0.2

321,000 

(3)

HSBC

Holdings

PLC,

1.162%,

11/22/2024

314,223

0.0

667,000 

(3)

HSBC

Holdings

PLC,

1.589%,

05/24/2027

589,007

0.1

1,000,000 

(3)

HSBC

Holdings

PLC,

1.645%,

04/18/2026

921,583

0.2

407,000 

(3)

HSBC

Holdings

PLC,

2.633%,

11/07/2025

386,795

0.1

736,000 

(3)

ING

Groep

NV,

4.017%,

03/28/2028

691,261

0.1

713,000 

Jackson

Financial,

Inc.,

1.125%,

11/22/2023

700,063

0.1

1,487,000 

(3)

JPMorgan

Chase

&

Co.,

0.824%,

06/01/2025

1,414,010

0.2

1,010,000 

(3)

JPMorgan

Chase

&

Co.,

0.969%,

06/23/2025

959,000

0.2

593,000 

(3)

JPMorgan

Chase

&

Co.,

1.470%,

09/22/2027

523,872

0.1

519,000 

(3)

JPMorgan

Chase

&

Co.,

1.578%,

04/22/2027

466,431

0.1

203,000 

(3)

JPMorgan

Chase

&

Co.,

2.069%,

06/01/2029

174,252

0.0

995,000 

(3)

JPMorgan

Chase

&

Co.,

2.083%,

04/22/2026

932,205

0.2

36,000 

(3)

JPMorgan

Chase

&

Co.,

2.301%,

10/15/2025

34,319

0.0

169,000 

(3)

JPMorgan

Chase

&

Co.,

2.595%,

02/24/2026

160,334

0.0

691,000 

(3)

JPMorgan

Chase

&

Co.,

2.947%,

02/24/2028

634,970

0.1

1,110,000 

(3)

JPMorgan

Chase

&

Co.,

3.797%,

07/23/2024

1,108,696

0.2

119,000 

(3)

JPMorgan

Chase

&

Co.,

3.960%,

01/29/2027

114,466

0.0

1,566,000 

(3)

JPMorgan

Chase

&

Co.,

5.546%,

12/15/2025

1,560,168

0.3

597,000 

KeyBank

NA/

Cleveland

OH,

4.390%,

12/14/2027

529,290

0.1

491,000 

(3)

Lloyds

Banking

Group

PLC,

3.870%,

07/09/2025

478,409

0.1

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Financial:

(continued)

1,047,000 

(2)

LSEGA

Financing

PLC,

0.650%,

04/06/2024

$

1,004,251

0.2

1,136,000 

Marsh

&

McLennan

Cos.,

Inc.,

4.050%,

10/15/2023

1,125,694

0.2

406,000 

(3)

Mitsubishi

UFJ

Financial

Group,

Inc.,

0.848%,

09/15/2024

401,521

0.1

681,000 

(3)

Mitsubishi

UFJ

Financial

Group,

Inc.,

0.953%,

07/19/2025

643,654

0.1

753,000 

(3)

Mitsubishi

UFJ

Financial

Group,

Inc.,

0.962%,

10/11/2025

702,948

0.1

400,000 

Mitsubishi

UFJ

Financial

Group,

Inc.,

1.412%,

07/17/2025

366,413

0.1

720,000 

(3)

Mitsubishi

UFJ

Financial

Group,

Inc.,

1.538%,

07/20/2027

635,883

0.1

316,000 

(3)

Mitsubishi

UFJ

Financial

Group,

Inc.,

4.788%,

07/18/2025

311,578

0.0

1,157,000 

(3)

Mitsubishi

UFJ

Financial

Group,

Inc.,

5.719%,

02/20/2026

1,151,447

0.2

400,000 

(3)

Mizuho

Financial

Group,

Inc.,

0.849%,

09/08/2024

395,943

0.1

200,000 

(3)

Mizuho

Financial

Group,

Inc.,

2.555%,

09/13/2025

191,044

0.0

449,000 

(3)

Mizuho

Financial

Group,

Inc.,

5.778%,

07/06/2029

450,398

0.1

1,624,000 

(1)(3)

Morgan

Stanley,

0.790%,

05/30/2025

1,543,226

0.3

1,218,000 

(3)

Morgan

Stanley,

0.791%,

01/22/2025

1,180,571

0.2

1,381,000 

(3)

Morgan

Stanley,

1.164%,

10/21/2025

1,291,374

0.2

914,000 

(3)

Morgan

Stanley,

1.512%,

07/20/2027

810,113

0.1

715,000 

(3)

Morgan

Stanley,

1.593%,

05/04/2027

640,431

0.1

311,000 

(3)

Morgan

Stanley,

2.188%,

04/28/2026

292,077

0.0

574,000 

(3)

Morgan

Stanley,

2.475%,

01/21/2028

518,445

0.1

154,000 

(3)

Morgan

Stanley,

2.720%,

07/22/2025

148,556

0.0

653,000 

Morgan

Stanley,

4.000%,

07/23/2025

634,199

0.1

1,167,000 

(3)

Morgan

Stanley,

5.164%,

04/20/2029

1,153,623

0.2

533,000 

Morgan

Stanley

Bank

NA,

4.754%,

04/21/2026

525,396

0.1

PORTFOLIO

OF

INVESTMENTS

as

of

June

30,

2023

(Unaudited)

(continued)

6

Voya

Short

Term

Bond

Fund

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Financial:

(continued)

374,000 

(1)

National

Australia

Bank

Ltd./New

York,

3.500%,

06/09/2025

$

361,637

0.1

487,000 

National

Bank

of

Canada

FXD,

0.750%,

08/06/2024

459,643

0.1

556,000 

(2)

National

Securities

Clearing

Corp.,

5.000%,

05/30/2028

553,232

0.1

532,000 

(2)

Nationwide

Building

Society,

1.500%,

10/13/2026

462,800

0.1

398,000 

(3)

NatWest

Group

PLC,

4.269%,

03/22/2025

391,044

0.1

900,000 

Navient

Corp.,

6.750%,

06/25/2025

885,690

0.1

403,000 

(2)

Nordea

Bank

Abp,

0.625%,

05/24/2024

384,200

0.1

374,000 

(2)

Nordea

Bank

Abp,

3.600%,

06/06/2025

358,472

0.1

893,000 

Old

Republic

International

Corp.,

4.875%,

10/01/2024

875,987

0.1

600,000 

OneMain

Finance

Corp.,

6.875%,

03/15/2025

594,628

0.1

219,000 

(2)

Pacific

Life

Global

Funding

II,

1.200%,

06/24/2025

199,811

0.0

394,000 

(2)

Pacific

Life

Global

Funding

II,

1.375%,

04/14/2026

352,261

0.1

352,000 

Prologis

L.P.,

4.875%,

06/15/2028

349,107

0.1

457,000 

Royal

Bank

of

Canada,

1.150%,

07/14/2026

404,574

0.1

592,000 

Royal

Bank

of

Canada,

1.600%,

01/21/2025

556,706

0.1

234,000 

(3)

Royal

Bank

of

Canada,

6.205%,

(US0003M

+

0.660%),

10/05/2023

234,295

0.0

562,000 

Sixth

Street

Specialty

Lending,

Inc.,

3.875%,

11/01/2024

542,163

0.1

810,000 

(2)

Skandinaviska

Enskilda

Banken

AB,

0.650%,

09/09/2024

761,495

0.1

534,000 

(2)

Skandinaviska

Enskilda

Banken

AB,

3.700%,

06/09/2025

513,623

0.1

744,000 

(2)(3)

Societe

Generale

SA,

2.226%,

01/21/2026

691,346

0.1

950,000 

(2)

Starwood

Property

Trust,

Inc.,

3.625%,

07/15/2026

818,701

0.1

888,000 

Sumitomo

Mitsui

Financial

Group,

Inc.,

1.474%,

07/08/2025

815,836

0.1

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Financial:

(continued)

750,000 

Sumitomo

Mitsui

Financial

Group,

Inc.,

2.696%,

07/16/2024

$

725,913

0.1

535,000 

(2)

Sumitomo

Mitsui

Trust

Bank

Ltd.,

0.800%,

09/16/2024

502,789

0.1

533,000 

(2)

Svenska

Handelsbanken

AB,

3.650%,

06/10/2025

512,117

0.1

447,000 

(2)

Swedbank

AB,

3.356%,

04/04/2025

427,752

0.1

594,000 

Toronto-Dominion

Bank,

0.700%,

09/10/2024

560,194

0.1

576,000 

Toronto-Dominion

Bank,

3.766%,

06/06/2025

558,681

0.1

592,000 

(1)

Toronto-Dominion

Bank

FXD,

1.450%,

01/10/2025

557,482

0.1

370,000 

(3)

Truist

Financial

Corp.,

1.267%,

03/02/2027

326,496

0.0

491,000 

(3)

Truist

Financial

Corp.,

1.887%,

06/07/2029

408,523

0.1

425,000 

(3)

Truist

Financial

Corp.,

4.260%,

07/28/2026

408,654

0.1

515,000 

(1)(2)

UBS

AG/London,

0.700%,

08/09/2024

485,699

0.1

1,000,000 

(2)(3)

UBS

Group

AG,

1.008%,

07/30/2024

995,866

0.2

1,249,000 

(2)(3)

UBS

Group

AG,

2.193%,

06/05/2026

1,145,954

0.2

451,000 

(2)(3)

UBS

Group

AG,

4.488%,

05/12/2026

436,232

0.1

539,000 

(2)(3)

UBS

Group

AG,

4.490%,

08/05/2025

527,012

0.1

406,000 

(3)

US

Bancorp,

5.775%,

06/12/2029

406,150

0.1

999,000 

(2)

VICI

Properties

L.P.

/

VICI

Note

Co.,

Inc.,

3.500%,

02/15/2025

955,446

0.2

777,000 

(2)

VICI

Properties

L.P.

/

VICI

Note

Co.,

Inc.,

4.625%,

06/15/2025

751,472

0.1

222,000 

(2)

VICI

Properties

L.P.

/

VICI

Note

Co.,

Inc.,

5.625%,

05/01/2024

220,831

0.0

97,000 

(3)

Wells

Fargo

&

Co.,

2.164%,

02/11/2026

91,392

0.0

559,000 

(3)

Wells

Fargo

&

Co.,

2.188%,

04/30/2026

524,021

0.1

443,000 

(3)

Wells

Fargo

&

Co.,

2.406%,

10/30/2025

422,029

0.1

95,394,910

16.3

Industrial

:

1

.9

%

735,000 

Avnet,

Inc.,

6.250%,

03/15/2028

742,594

0.1

600,000 

Ball

Corp.,

4.875%,

03/15/2026

584,167

0.1

921,000 

Boeing

Co.,

4.875%,

05/01/2025

908,220

0.2

PORTFOLIO

OF

INVESTMENTS

as

of

June

30,

2023

(Unaudited)

(continued)

7

Voya

Short

Term

Bond

Fund

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Industrial:

(continued)

900,000 

(2)

Brundage-Bone

Concrete

Pumping

Holdings,

Inc.,

6.000%,

02/01/2026

$

853,134

0.1

1,225,000 

CNH

Industrial

Capital

LLC,

5.450%,

10/14/2025

1,217,316

0.2

480,000 

(2)

Graphic

Packaging

International

LLC,

0.821%,

04/15/2024

460,694

0.1

738,000 

Huntington

Ingalls

Industries,

Inc.,

0.670%,

08/16/2023

733,536

0.1

251,000 

John

Deere

Capital

Corp.,

2.350%,

03/08/2027

229,981

0.0

739,000 

Lockheed

Martin

Corp.,

5.100%,

11/15/2027

752,038

0.1

136,000 

(1)(2)

Owens-Brockway

Glass

Container,

Inc.,

5.875%,

08/15/2023

136,119

0.0

1,239,000 

Raytheon

Technologies

Corp.,

3.950%,

08/16/2025

1,214,448

0.2

347,000 

Raytheon

Technologies

Corp.,

5.000%,

02/27/2026

346,709

0.1

777,000 

Republic

Services,

Inc.,

2.500%,

08/15/2024

749,816

0.1

707,000 

Ryder

System,

Inc.,

5.250%,

06/01/2028

698,608

0.1

300,000 

(2)

Sealed

Air

Corp.,

5.500%,

09/15/2025

295,572

0.1

550,000 

(2)

SMBC

Aviation

Capital

Finance

DAC,

1.900%,

10/15/2026

481,236

0.1

920,000 

Teledyne

Technologies,

Inc.,

0.950%,

04/01/2024

886,237

0.2

11,290,425

1.9

Technology

:

3

.1

%

364,000 

Analog

Devices,

Inc.,

2.950%,

04/01/2025

350,014

0.1

252,000 

Apple,

Inc.,

1.125%,

05/11/2025

234,888

0.0

731,000 

Broadcom,

Inc.,

3.459%,

09/15/2026

691,010

0.1

999,000 

CDW

LLC

/

CDW

Finance

Corp.,

5.500%,

12/01/2024

993,336

0.2

369,000 

CGI,

Inc.,

1.450%,

09/14/2026

326,103

0.0

1,101,000 

Fidelity

National

Information

Services,

Inc.,

0.600%,

03/01/2024

1,062,795

0.2

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Technology:

(continued)

1,244,000 

Fidelity

National

Information

Services,

Inc.,

1.150%,

03/01/2026

$

1,110,338

0.2

342,000 

Fidelity

National

Information

Services,

Inc.,

4.700%,

07/15/2027

333,053

0.1

1,044,000 

Fiserv,

Inc.,

2.750%,

07/01/2024

1,013,201

0.2

685,000 

Fiserv,

Inc.,

5.450%,

03/02/2028

688,718

0.1

1,059,000 

HP,

Inc.,

2.200%,

06/17/2025

996,602

0.2

297,000 

Intel

Corp.,

3.700%,

07/29/2025

288,932

0.0

659,000 

Intel

Corp.,

3.750%,

08/05/2027

630,535

0.1

1,039,000 

Intel

Corp.,

4.875%,

02/10/2026

1,036,270

0.2

651,000 

International

Business

Machines

Corp.,

4.000%,

07/27/2025

636,539

0.1

702,000 

International

Business

Machines

Corp.,

4.500%,

02/06/2026

692,222

0.1

427,000 

International

Business

Machines

Corp.,

6.500%,

01/15/2028

454,262

0.1

671,000 

Kyndryl

Holdings,

Inc.,

2.050%,

10/15/2026

579,345

0.1

999,000 

Microchip

Technology,

Inc.,

4.250%,

09/01/2025

968,124

0.2

1,008,000 

NetApp,

Inc.,

1.875%,

06/22/2025

937,077

0.2

923,000 

NXP

BV

/

NXP

Funding

LLC

/

NXP

USA,

Inc.,

2.700%,

05/01/2025

875,194

0.1

643,000 

Oracle

Corp.,

1.650%,

03/25/2026

583,762

0.1

313,000 

Oracle

Corp.,

2.500%,

04/01/2025

297,215

0.0

633,000 

Oracle

Corp.,

2.650%,

07/15/2026

585,411

0.1

682,000 

Take-Two

Interactive

Software,

Inc.,

3.550%,

04/14/2025

658,027

0.1

780,000 

VMware,

Inc.,

1.000%,

08/15/2024

738,793

0.1

421,000 

VMware,

Inc.,

1.400%,

08/15/2026

371,967

0.1

290,000 

Workday,

Inc.,

3.500%,

04/01/2027

275,023

0.0

18,408,756

3.1

Utilities

:

3

.6

%

518,000 

(2)

AEP

Texas,

Inc.,

3.850%,

10/01/2025

493,350

0.1

PORTFOLIO

OF

INVESTMENTS

as

of

June

30,

2023

(Unaudited)

(continued)

8

Voya

Short

Term

Bond

Fund

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Utilities:

(continued)

399,000 

AES

Corp.,

1.375%,

01/15/2026

$

356,615

0.1

299,000 

(2)

AES

Corp.,

3.300%,

07/15/2025

282,626

0.0

1,119,000 

AES

Corp.,

5.450%,

06/01/2028

1,099,776

0.2

579,000 

Alabama

Power

Co.,

3.750%,

09/01/2027

553,839

0.1

607,000 

Ameren

Illinois

Co.,

3.800%,

05/15/2028

578,744

0.1

563,000 

American

Electric

Power

Co.,

Inc.,

2.031%,

03/15/2024

547,671

0.1

551,000 

American

Electric

Power

Co.,

Inc.

M,

0.750%,

11/01/2023

541,888

0.1

286,000 

(2)

Aquarion

Co.,

4.000%,

08/15/2024

280,070

0.0

169,000 

Arizona

Public

Service

Co.,

3.350%,

06/15/2024

164,782

0.0

551,000 

Avangrid,

Inc.,

3.200%,

04/15/2025

524,219

0.1

403,000 

Black

Hills

Corp.,

1.037%,

08/23/2024

380,868

0.1

582,000 

(3)

DTE

Energy

Co.,

4.220%,

11/01/2024

569,227

0.1

1,032,000 

(2)

East

Ohio

Gas

Co.,

1.300%,

06/15/2025

946,648

0.2

697,000 

(2)

Enel

Finance

International

NV,

6.800%,

10/14/2025

710,258

0.1

927,000 

Entergy

Corp.,

0.900%,

09/15/2025

832,922

0.1

438,000 

Eversource

Energy,

2.900%,

03/01/2027

403,843

0.1

713,000 

Eversource

Energy,

4.750%,

05/15/2026

699,194

0.1

306,000 

(1)

Florida

Power

&

Light

Co.,

4.400%,

05/15/2028

300,442

0.0

1,238,000 

(1)

Florida

Power

&

Light

Co.,

4.450%,

05/15/2026

1,225,781

0.2

530,000 

Interstate

Power

and

Light

Co.,

3.250%,

12/01/2024

511,851

0.1

351,000 

IPALCO

Enterprises,

Inc.,

3.700%,

09/01/2024

339,512

0.1

417,000 

National

Rural

Utilities

Cooperative

Finance

Corp.,

1.875%,

02/07/2025

393,920

0.1

516,000 

NextEra

Energy

Capital

Holdings,

Inc.,

1.875%,

01/15/2027

460,274

0.1

464,000 

NextEra

Energy

Capital

Holdings,

Inc.,

4.625%,

07/15/2027

454,026

0.1

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Utilities:

(continued)

692,000 

NextEra

Energy

Capital

Holdings,

Inc.,

4.900%,

02/28/2028

$

685,791

0.1

621,000 

NiSource,

Inc.,

0.950%,

08/15/2025

566,590

0.1

418,000 

(2)

NRG

Energy,

Inc.,

3.750%,

06/15/2024

404,091

0.1

660,967 

PG&E

Wildfire

Recovery

Funding

LLC

A-1,

3.594%,

06/01/2032

626,712

0.1

200,000 

Public

Service

Electric

and

Gas

Co.

I,

3.750%,

03/15/2024

197,708

0.0

647,000 

Public

Service

Enterprise

Group,

Inc.,

0.800%,

08/15/2025

585,316

0.1

170,000 

Public

Service

Enterprise

Group,

Inc.,

5.850%,

11/15/2027

173,550

0.0

220,000 

Sempra

Energy,

5.400%,

08/01/2026

219,048

0.0

1,252,000 

Sierra

Pacific

Power

Co.,

2.600%,

05/01/2026

1,167,625

0.2

1,529,000 

Southern

Co.

21-A,

0.600%,

02/26/2024

1,478,311

0.3

283,000 

Southern

Co.

Gas

Capital

Corp.,

3.250%,

06/15/2026

266,897

0.0

351,000 

(2)

Trans-Allegheny

Interstate

Line

Co.,

3.850%,

06/01/2025

337,644

0.1

23,000 

WEC

Energy

Group,

Inc.,

2.200%,

12/15/2028

19,807

0.0

815,000 

WEC

Energy

Group,

Inc.,

4.750%,

01/09/2026

803,088

0.1

51,000 

WEC

Energy

Group,

Inc.,

5.000%,

09/27/2025

50,546

0.0

71,000 

WEC

Energy

Group,

Inc.,

5.150%,

10/01/2027

70,945

0.0

21,306,015

3.6

Total

Corporate

Bonds/

Notes

(Cost

$228,019,128)

221,033,901

37.7

U.S.

TREASURY

OBLIGATIONS

:

29

.1

%

United

States

Treasury

Notes

:

29

.1

%

27,813,000 

0.125

%,

01/15/2024

27,053,191

4.6

2,173,300 

3.625

%,

05/15/2026

2,120,581

0.4

84,821,000 

4.125

%,

06/15/2026

83,972,790

14.3

437,300 

4.250

%,

05/31/2025

431,825

0.1

PORTFOLIO

OF

INVESTMENTS

as

of

June

30,

2023

(Unaudited)

(continued)

9

Voya

Short

Term

Bond

Fund

Principal

Amount†

Value

Percentage

of

Net

Assets

U.S.

TREASURY

OBLIGATIONS:

(continued)

United

States

Treasury

Notes

(continued)

57,218,900 

4.625

%,

06/30/2025

$

56,960,744

9.7

170,539,131

29.1

Total

U.S.

Treasury

Obligations

(Cost

$171,377,306)

170,539,131

29.1

ASSET-BACKED

SECURITIES

:

12

.5

%

Automobile

Asset-Backed

Securities

:

2

.1

%

750,000 

Americredit

Automobile

Receivables

Trust

2023-1

A3,

5.620%,

11/18/2027

745,418

0.1

363,592 

AmeriCredit

Automobile

Receivables

Trust

2020-1

C,

1.590%,

10/20/2025

356,904

0.1

208,838 

AmeriCredit

Automobile

Receivables

Trust

2020-2

B,

0.970%,

02/18/2026

207,067

0.0

1,011,950 

AmeriCredit

Automobile

Receivables

Trust

2021-3

A3,

0.760%,

08/18/2026

978,114

0.2

700,000 

AmeriCredit

Automobile

Receivables

Trust

2021-3

B,

1.170%,

08/18/2027

647,545

0.1

17,932 

BMW

Vehicle

Owner

Trust

2020-A

A3,

0.480%,

10/25/2024

17,840

0.0

150,000 

CarMax

Auto

Owner

Trust

2021-2

B,

1.030%,

12/15/2026

137,157

0.0

300,000 

CarMax

Auto

Owner

Trust

2022-1

B,

1.950%,

09/15/2027

274,230

0.1

700,000 

Carvana

Auto

Receivables

Trust

2022-P1

A3,

3.350%,

02/10/2027

677,020

0.1

211,531 

Drive

Auto

Receivables

Trust

2021-2

B,

0.580%,

12/15/2025

211,102

0.0

442,610 

Exeter

Automobile

Receivables

Trust

2021-3A

B,

0.690%,

01/15/2026

439,741

0.1

900,000 

Ford

Credit

Auto

Owner

Trust

2022-A

B,

1.910%,

07/15/2027

824,957

0.1

450,000 

GM

Financial

Automobile

Leasing

Trust

2023-1

A4,

5.160%,

01/20/2027

446,426

0.1

159,154 

GM

Financial

Consumer

Automobile

Receivables

Trust

2019-4

A4,

1.760%,

01/16/2025

158,821

0.0

Principal

Amount†

Value

Percentage

of

Net

Assets

ASSET-BACKED

SECURITIES:

(continued)

Automobile

Asset-Backed

Securities:

(continued)

400,000 

GM

Financial

Consumer

Automobile

Receivables

Trust

2022-4

B,

5.500%,

08/16/2028

$

399,754

0.1

550,000 

GM

Financial

Consumer

Automobile

Receivables

Trust

2023-1

A3,

4.660%,

02/16/2028

543,161

0.1

44,466 

Honda

Auto

Receivables

Owner

Trust

2020-2

A3,

0.820%,

07/15/2024

44,243

0.0

1,050,000 

Hyundai

Auto

Receivables

Trust

2021-C

B,

1.490%,

12/15/2027

946,553

0.2

272,495 

(2)

JPMorgan

Chase

Bank

NA

-

CACLN

2021-3

B,

0.760%,

02/26/2029

259,548

0.0

1,600,000 

Nissan

Auto

Lease

Trust

2023-B

A4,

5.610%,

11/15/2027

1,602,625

0.3

1,350,000 

(2)

Oscar

US

Funding

XIII

LLC

2021-2A

A3,

0.860%,

09/10/2025

1,309,413

0.2

1,250,000 

(2)

Porsche

Financial

Auto

Securitization

Trust

2023-1A

A4,

4.720%,

06/23/2031

1,232,086

0.2

12,459,725

2.1

Credit

Card

Asset-Backed

Securities

:

0

.1

%

800,000 

(2)

CARDS

II

Trust

2021-1A

A,

0.602%,

04/15/2027

766,973

0.1

Other

Asset-Backed

Securities

:

8

.7

%

550,000 

(2)(3)

AB

BSL

CLO

4

Ltd.

2023-4A

A,

6.957%,

(TSFR3M

+

2.000%),

04/20/2036

551,971

0.1

400,000 

(2)(3)

ARES

XLVI

CLO

Ltd.

2017-46A

A2,

6.490%,

(US0003M

+

1.230%),

01/15/2030

389,767

0.1

1,900,000 

(2)(3)

Ballyrock

CLO

17

Ltd.

2021-17A

A1B,

6.650%,

(US0003M

+

1.400%),

10/20/2034

1,847,666

0.3

500,000 

(2)(3)

Barings

Clo

Ltd.

2019-4A

A1,

6.590%,

(US0003M

+

1.330%),

01/15/2033

496,420

0.1

250,000 

(2)(3)

Barings

CLO

Ltd.

2017-1A

A2,

6.612%,

(US0003M

+

1.350%),

07/18/2029

246,640

0.0

2,900,000 

(2)(3)

BDS

Ltd.

2021-FL10

E,

8.507%,

(US0001M

+

3.350%),

12/16/2036

2,728,754

0.5

PORTFOLIO

OF

INVESTMENTS

as

of

June

30,

2023

(Unaudited)

(continued)

10

Voya

Short

Term

Bond

Fund

Principal

Amount†

Value

Percentage

of

Net

Assets

ASSET-BACKED

SECURITIES:

(continued)

Other

Asset-Backed

Securities:

(continued)

2,000,000 

(2)(3)

Benefit

Street

Partners

CLO

XX

Ltd.

2020-20A

AR,

6.430%,

(US0003M

+

1.170%),

07/15/2034

$

1,967,720

0.3

2,500,000 

(2)(3)

BlueMountain

CLO

XXXII

Ltd.

2021-32A

A,

6.430%,

(US0003M

+

1.170%),

10/15/2034

2,462,343

0.4

4,000,000 

(2)(3)

BRSP

Ltd.

2021-FL1

B,

7.105%,

(TSFR1M

+

2.014%),

08/19/2038

3,807,311

0.6

450,000 

(2)(3)

Carlyle

US

Clo

Ltd.

2017-2A

AJR,

6.650%,

(US0003M

+

1.400%),

07/20/2031

441,679

0.1

800,000 

(2)(3)

CARLYLE

US

CLO

Ltd.

2021-4A

A2,

6.650%,

(US0003M

+

1.400%),

04/20/2034

775,742

0.1

250,000 

(2)(3)

CIFC

Funding

Ltd.

2019-6A

A2,

7.010%,

(US0003M

+

1.750%),

01/16/2033

249,339

0.0

2,063,041 

CNH

Equipment

Trust

2021-B

A3,

0.440%,

08/17/2026

1,966,797

0.3

650,000 

CNH

Equipment

Trust

2021-C

A3,

0.810%,

12/15/2026

616,208

0.1

208,090 

(2)(3)

Deer

Creek

Clo

Ltd.

2017-1A

A,

6.430%,

(US0003M

+

1.180%),

10/20/2030

206,766

0.0

339,771 

(2)(3)

Dryden

XXVIII

Senior

Loan

Fund

2013-

28A

A1LR,

6.521%,

(US0003M

+

1.200%),

08/15/2030

338,262

0.1

250,000 

(2)(3)

Eaton

Vance

Clo

Ltd.

2015-1A

A2R,

6.500%,

(US0003M

+

1.250%),

01/20/2030

244,096

0.0

205,531 

(2)(3)

Elevation

CLO

Ltd.

2014-2A

A1R,

6.478%,

(TSFR3M

+

1.492%),

10/15/2029

204,626

0.0

400,000 

(2)(3)

HGI

CRE

CLO

Ltd.

2022-FL3

A,

6.767%,

(SOFR30A

+

1.700%),

04/20/2037

393,955

0.1

2,163,444 

John

Deere

Owner

Trust

2021-B

A3,

0.520%,

03/16/2026

2,073,322

0.4

450,000 

John

Deere

Owner

Trust

2022

2022-A

A4,

2.490%,

01/16/2029

423,765

0.1

2,572,628 

(2)

Kubota

Credit

Owner

Trust

2021-2A

A3,

0.560%,

11/17/2025

2,461,917

0.4

Principal

Amount†

Value

Percentage

of

Net

Assets

ASSET-BACKED

SECURITIES:

(continued)

Other

Asset-Backed

Securities:

(continued)

1,100,000 

(2)

Kubota

Credit

Owner

Trust

2023-1A

A3,

5.020%,

06/15/2027

$

1,089,051

0.2

1,877,857 

(2)(3)

LCM

26

Ltd.

26A

A1,

6.320%,

(US0003M

+

1.070%),

01/20/2031

1,863,386

0.3

2,750,000 

(2)(3)

Magnetite

XXVI

Ltd.

2020-26A

A2R,

6.655%,

(US0003M

+

1.400%),

07/25/2034

2,696,375

0.5

500,000 

(2)(3)

Marble

Point

CLO

XIV

Ltd.

2018-2A

A1R,

6.530%,

(US0003M

+

1.280%),

01/20/2032

492,117

0.1

23,221 

(2)

Marlette

Funding

Trust

2021-1A

B,

1.000%,

06/16/2031

23,179

0.0

1,575,000 

(2)(3)

MF1

Ltd.

2021-FL6

C,

7.066%,

(TSFR1M

+

1.964%),

07/16/2036

1,481,856

0.3

340,000 

(2)(3)

Neuberger

Berman

Loan

Advisers

CLO

35

Ltd.

2019-35A

A1,

6.605%,

(US0003M

+

1.340%),

01/19/2033

337,587

0.1

1,550,000 

(2)(3)

OCP

CLO

Ltd.

2020-

19A

AR,

6.400%,

(US0003M

+

1.150%),

10/20/2034

1,524,744

0.3

300,000 

(2)(3)

Octagon

61

Ltd.

2023-2A

A,

6.919%,

(TSFR3M

+

1.850%),

04/20/2036

300,293

0.0

250,000 

(2)(3)

Octagon

Investment

Partners

XV

Ltd.

2013-1A

A2R,

6.615%,

(US0003M

+

1.350%),

07/19/2030

242,321

0.0

600,000 

(2)(3)

Octagon

Loan

Funding

Ltd.

2014-1A

ARR,

6.525%,

(US0003M

+

1.180%),

11/18/2031

594,764

0.1

3,700,000 

(2)(3)

OHA

Credit

Partners

XIII

Ltd.

2016-13A

AR,

6.431%,

(US0003M

+

1.170%),

10/25/2034

3,640,648

0.6

3,000,000 

(2)(3)

OHA

Credit

Partners

XVI

2021-16A

A,

6.412%,

(US0003M

+

1.150%),

10/18/2034

2,944,806

0.5

500,000 

(2)(3)

OHA

Loan

Funding

Ltd.

2015-1A

AR3,

6.415%,

(US0003M

+

1.150%),

01/19/2037

491,451

0.1

421,233 

(2)(3)

Palmer

Square

CLO

Ltd.

2015-2A

A1R2,

6.350%,

(US0003M

+

1.100%),

07/20/2030

418,852

0.1

PORTFOLIO

OF

INVESTMENTS

as

of

June

30,

2023

(Unaudited)

(continued)

11

Voya

Short

Term

Bond

Fund

Principal

Amount†

Value

Percentage

of

Net

Assets

ASSET-BACKED

SECURITIES:

(continued)

Other

Asset-Backed

Securities:

(continued)

1,650,000 

(2)(3)

Palmer

Square

CLO

Ltd.

2019-1A

A1R,

6.471%,

(US0003M

+

1.150%),

11/14/2034

$

1,624,829

0.3

350,000 

(2)

PFS

Financing

Corp.

2021-B

A,

0.770%,

08/15/2026

329,593

0.1

600,000 

(2)

PFS

Financing

Corp.

2022-D

A,

4.270%,

08/15/2027

581,651

0.1

750,000 

(2)(3)

Rad

CLO

6

Ltd.

2019-6A

A1,

6.630%,

(US0003M

+

1.380%),

01/20/2033

743,965

0.1

500,000 

(2)(3)

Rad

CLO

7

Ltd.

2020-7A

A1,

6.460%,

(US0003M

+

1.200%),

04/17/2033

494,970

0.1

410,000 

(2)(3)

Sound

Point

CLO

XXV

Ltd.

2019-4A

A1R,

6.348%,

(TSFR3M

+

1.280%),

04/25/2033

396,997

0.1

500,000 

(2)(3)

THL

Credit

Wind

River

CLO

Ltd.

2019-1A

AR,

6.410%,

(US0003M

+

1.160%),

07/20/2034

487,859

0.1

1,650,000 

(2)

Trafigura

Securitisation

Finance

PLC

2021-1A

A2,

1.080%,

01/15/2025

1,544,230

0.3

300,000 

(2)(3)

Wellman

Park

CLO

Ltd.

2021-1A

A,

6.360%,

(US0003M

+

1.100%),

07/15/2034

295,434

0.0

1,250,000 

(2)(3)

Wind

River

CLO

Ltd.

2022-1A

A,

6.578%,

(TSFR3M

+

1.530%),

07/20/2035

1,229,442

0.2

50,765,466

8.7

Student

Loan

Asset-Backed

Securities

:

1

.6

%

2,272,417 

(2)

Commonbond

Student

Loan

Trust-GS

2019-

AGS

A1,

2.540%,

01/25/2047

2,038,632

0.4

20,456 

(2)

Laurel

Road

Prime

Student

Loan

Trust

2018-B

A2FX,

3.540%,

05/26/2043

20,109

0.0

229,984 

(2)(3)

Navient

Private

Education

Loan

Trust

2014-AA

A3,

6.793%,

(US0001M

+

1.600%),

10/15/2031

229,739

0.0

186,850 

(2)

Navient

Private

Education

Refi

Loan

Trust

2019-FA

A2,

2.600%,

08/15/2068

171,503

0.0

Principal

Amount†

Value

Percentage

of

Net

Assets

ASSET-BACKED

SECURITIES:

(continued)

Student

Loan

Asset-Backed

Securities:

(continued)

58,436 

(2)

Navient

Private

Education

Refi

Loan

Trust

2020-GA

A,

1.170%,

09/16/2069

$

51,742

0.0

103,907 

(2)

Navient

Private

Education

Refi

Loan

Trust

2021-A

A,

0.840%,

05/15/2069

90,217

0.0

1,543,404 

(2)

Navient

Private

Education

Refi

Loan

Trust

2021-EA

A,

0.970%,

12/16/2069

1,305,867

0.2

365,934 

(2)

Navient

Private

Education

Refi

Loan

Trust

2021-FA

A,

1.110%,

02/18/2070

305,809

0.1

3,123,531 

(2)

Navient

Private

Education

Refi

Loan

Trust

2023-A

A,

5.510%,

10/15/2071

3,082,027

0.5

337,403 

(2)

Sofi

Professional

Loan

Program

LLC

2018-A

A2B,

2.950%,

02/25/2042

324,848

0.1

422,849 

(2)

SoFi

Professional

Loan

Program

Trust

2021-B

AFX,

1.140%,

02/15/2047

352,378

0.1

1,691,048 

(2)

SOFI

PROFESSIONAL

LOAN

PROGRAM

TRUST

2021-A

AFX,

1.030%,

08/17/2043

1,419,637

0.2

9,392,508

1.6

Total

Asset-Backed

Securities

(Cost

$75,769,259)

73,384,672

12.5

COMMERCIAL

MORTGAGE-BACKED

SECURITIES

:

4

.1

%

604,500 

(2)(3)

AREIT

Trust

2019-

CRE3

C,

7.216%,

(TSFR1M

+

2.114%),

09/14/2036

580,313

0.1

4,000,000 

(2)(3)

BBCMS

Mortgage

Trust

2021-AGW

E,

8.343%,

(US0001M

+

3.150%),

06/15/2036

3,452,365

0.6

1,000,000 

(2)(3)

BDS

2021-FL8

E,

7.407%,

(US0001M

+

2.250%),

01/18/2036

927,197

0.2

2,917,000 

(2)(3)

BHMS

2018-ATLS

C,

7.093%,

(US0001M

+

1.900%),

07/15/2035

2,742,238

0.5

343,613 

(2)(3)

BX

2021-MFM1

B,

6.211%,

(TSFR1M

+

1.064%),

01/15/2034

335,816

0.1

1,550,000 

(2)(3)

BX

Trust

2021-ARIA

C,

6.839%,

(US0001M

+

1.646%),

10/15/2036

1,491,944

0.3

PORTFOLIO

OF

INVESTMENTS

as

of

June

30,

2023

(Unaudited)

(continued)

12

Voya

Short

Term

Bond

Fund

Principal

Amount†

Value

Percentage

of

Net

Assets

COMMERCIAL

MORTGAGE-BACKED

SECURITIES:

(continued)

1,312,148 

(2)(3)

BX

Trust

2022-PSB

A,

7.598%,

(TSFR1M

+

2.451%),

08/15/2039

$

1,310,143

0.2

120,000 

(2)(3)

COMM

Mortgage

Trust

2013-CR10

E,

5.021%,

08/10/2046

100,767

0.0

2,000,000 

(2)(3)

COMM

Mortgage

Trust

2013-CR11

C,

5.297%,

08/10/2050

1,976,872

0.3

800,000 

(2)(3)

CSWF

2021-SOP2

D,

7.510%,

(US0001M

+

2.317%),

06/15/2034

648,456

0.1

2,200,000 

(2)(4)

FREMF

Mortgage

Trust

2019-KG01

C,

0.000%,

05/25/2029

1,244,633

0.2

548,000 

(2)(4)

GAM

Re-REMIC

Trust

2021-FRR1

1B,

0.000%,

11/29/2050

373,207

0.1

710,000 

(2)(4)

GAM

Re-REMIC

Trust

2021-FRR1

2B,

0.000%,

11/29/2050

469,393

0.1

4,624 

Ginnie

Mae

2015-

183

AC,

2.350%,

07/16/2056

4,576

0.0

2,982 

Ginnie

Mae

2016-

110

AB,

2.000%,

05/16/2049

2,959

0.0

56,724 

Ginnie

Mae

2017-

100

AB,

2.300%,

04/16/2052

53,883

0.0

12,185 

Ginnie

Mae

2017-51

AB,

2.350%,

04/16/2057

11,921

0.0

3,347 

Ginnie

Mae

2017-69

AB,

2.350%,

05/16/2053

3,293

0.0

4,264 

Ginnie

Mae

2017-70

A,

2.500%,

10/16/2057

4,213

0.0

36,957 

Ginnie

Mae

2017-86

AB,

2.300%,

11/16/2051

35,910

0.0

26,119 

Ginnie

Mae

2017-89

A,

2.500%,

08/16/2057

25,647

0.0

7,472 

Ginnie

Mae

2018-41

A,

2.400%,

09/16/2058

7,338

0.0

330,000 

(2)

GS

Mortgage

Securities

Corp.

Trust

2017-GPTX

B,

3.104%,

05/10/2034

141,075

0.0

1,039,000 

(2)(3)

GS

Mortgage

Securities

Corp.

Trust

2017-SLP

E,

4.744%,

10/10/2032

974,461

0.2

1,070,000 

(2)(3)

GS

Mortgage

Securities

Corp.

Trust

2019-70P

C,

6.693%,

(US0001M

+

1.500%),

10/15/2036

965,854

0.2

190,000 

(2)

GSCG

Trust

2019-

600C

A,

2.936%,

09/06/2034

163,356

0.0

330,000 

(2)

Houston

Galleria

Mall

Trust

2015-

HGLR

A1A2,

3.087%,

03/05/2037

307,641

0.0

Principal

Amount†

Value

Percentage

of

Net

Assets

COMMERCIAL

MORTGAGE-BACKED

SECURITIES:

(continued)

130,386 

(3)

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

2013-C10

C,

4.263%,

12/15/2047

$

114,593

0.0

360,000 

(2)

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

2018-

WPT

CFX,

4.950%,

07/05/2033

311,084

0.1

100,000 

(2)(3)

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

2020-

LOOP

E,

3.990%,

12/05/2038

62,253

0.0

1,100,000 

(2)(3)

JPMBB

Commercial

Mortgage

Securities

Trust

2013-C15

D,

5.330%,

11/15/2045

1,030,261

0.2

1,000,000 

(2)(3)

JPMBB

Commercial

Mortgage

Securities

Trust

2013-C17

E,

3.867%,

01/15/2047

819,880

0.1

820,000 

(3)

JPMBB

Commercial

Mortgage

Securities

Trust

2014-C19

C,

4.783%,

04/15/2047

758,333

0.1

1,000,000 

(2)(3)

LSTAR

Commercial

Mortgage

Trust

2016-4

F,

4.760%,

03/10/2049

664,642

0.1

171,388 

Morgan

Stanley

Capital

I

Trust

2017-H1

A2,

3.089%,

06/15/2050

165,658

0.0

2,000,000 

(2)(3)

SMRT

2022-MINI

F,

8.497%,

(TSFR1M

+

3.350%),

01/15/2039

1,869,272

0.3

Total

Commercial

Mortgage-Backed

Securities

(Cost

$26,473,474)

24,151,447

4.1

COLLATERALIZED

MORTGAGE

OBLIGATIONS

:

3

.9

%

1,000,000 

(2)(3)

Fannie

Mae

Connecticut

Avenue

Securities

2021-R01

1M2,

6.617%,

(SOFR30A

+

1.550%),

10/25/2041

980,585

0.2

73,485 

Fannie

Mae

Interest

Strip

404

8,

3.000%,

05/25/2040

67,238

0.0

11,690 

Fannie

Mae

REMIC

Trust

2010-54

LC,

3.000%,

04/25/2040

11,386

0.0

334,419 

Fannie

Mae

REMIC

Trust

2013-114

NA,

3.000%,

08/25/2032

320,218

0.1

108,244 

Freddie

Mac

REMIC

Trust

2103

TE,

6.000%,

12/15/2028

109,096

0.0

PORTFOLIO

OF

INVESTMENTS

as

of

June

30,

2023

(Unaudited)

(continued)

13

Voya

Short

Term

Bond

Fund

Principal

Amount†

Value

Percentage

of

Net

Assets

COLLATERALIZED

MORTGAGE

OBLIGATIONS:

(continued)

912,815 

(3)

Freddie

Mac

REMIC

Trust

3049

XF,

5.543%,

(US0001M

+

0.350%),

05/15/2033

$

900,304

0.2

444,122 

(3)

Freddie

Mac

REMIC

Trust

3255

FA,

5.473%,

(US0001M

+

0.280%),

12/15/2036

434,330

0.1

25,139 

(3)

Freddie

Mac

REMIC

Trust

3747

FA,

5.693%,

(US0001M

+

0.500%),

10/15/2040

24,769

0.0

211,610 

(2)(3)

Freddie

Mac

STACR

REMIC

Trust

2020-

HQA5

M2,

7.667%,

(SOFR30A

+

2.600%),

11/25/2050

214,892

0.0

1,346,476 

(2)(3)

Freddie

Mac

STACR

REMIC

Trust

2021-

HQA1

M2,

7.317%,

(SOFR30A

+

2.250%),

08/25/2033

1,327,464

0.2

900,000 

(2)(3)

Freddie

Mac

STACR

REMIC

Trust

2022-

DNA2

M1B,

7.467%,

(SOFR30A

+

2.400%),

02/25/2042

890,276

0.2

775,547 

(2)(3)

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

2021-DNA2

M2,

7.367%,

(SOFR30A

+

2.300%),

08/25/2033

776,498

0.1

303,413 

(3)

Ginnie

Mae

2010-H03

FA,

5.710%,

(US0001M

+

0.550%),

03/20/2060

302,140

0.1

25,958 

(3)

Ginnie

Mae

2010-H10

FC,

6.160%,

(US0001M

+

1.000%),

05/20/2060

25,992

0.0

1,747,010 

(3)

Ginnie

Mae

2010-H11

FA,

6.160%,

(US0001M

+

1.000%),

06/20/2060

1,749,575

0.3

194,941 

(3)

Ginnie

Mae

2011-H03

FA,

5.594%,

(US0001M

+

0.500%),

01/20/2061

193,930

0.0

54,463 

(3)

Ginnie

Mae

2011-H05

FA,

5.594%,

(US0001M

+

0.500%),

12/20/2060

54,192

0.0

91,587 

(3)

Ginnie

Mae

2011-H05

FB,

5.594%,

(US0001M

+

0.500%),

12/20/2060

91,076

0.0

423,989 

(3)

Ginnie

Mae

2011-H06

FA,

5.544%,

(US0001M

+

0.450%),

02/20/2061

421,339

0.1

41,364 

(3)

Ginnie

Mae

2011-H07

FA,

5.594%,

(US0001M

+

0.500%),

02/20/2061

41,136

0.0

99,967 

(3)

Ginnie

Mae

2011-H08

FD,

5.594%,

(US0001M

+

0.500%),

02/20/2061

99,454

0.0

Principal

Amount†

Value

Percentage

of

Net

Assets

COLLATERALIZED

MORTGAGE

OBLIGATIONS:

(continued)

383,157 

(3)

Ginnie

Mae

2011-H08

FG,

5.574%,

(US0001M

+

0.480%),

03/20/2061

$

381,134

0.1

489,670 

(3)

Ginnie

Mae

2011-H09

AF,

5.594%,

(US0001M

+

0.500%),

03/20/2061

487,250

0.1

37,658 

(3)

Ginnie

Mae

2011-H11

FB,

5.594%,

(US0001M

+

0.500%),

04/20/2061

37,477

0.0

113,597 

(3)

Ginnie

Mae

2012-H18

NA,

5.614%,

(US0001M

+

0.520%),

08/20/2062

112,969

0.0

1,233,833 

(3)

Ginnie

Mae

2012-H23

SA,

5.624%,

(US0001M

+

0.530%),

10/20/2062

1,231,660

0.2

630,101 

(3)

Ginnie

Mae

2012-

H23

WA,

5.614%,

(US0001M

+

0.520%),

10/20/2062

626,549

0.1

313,059 

Ginnie

Mae

2014-3

EP,

2.750%,

02/16/2043

287,153

0.1

200,221 

(3)

Ginnie

Mae

2014-53

JM,

7.005%,

04/20/2039

206,650

0.0

3,744,850 

(3)

Ginnie

Mae

2015-H32

FH,

5.754%,

(US0001M

+

0.660%),

12/20/2065

3,729,871

0.6

3,624,495 

(3)

Ginnie

Mae

2016-H16

FE,

3.155%,

(US0012M

+

0.380%),

06/20/2066

3,597,966

0.6

1,193,386 

(3)

Ginnie

Mae

2017-H06

FE,

5.644%,

(US0001M

+

0.550%),

02/20/2067

1,186,495

0.2

949,758 

(3)

Ginnie

Mae

2017-H07

FG,

5.554%,

(US0001M

+

0.460%),

02/20/2067

943,995

0.2

1,032,839 

(2)(3)

JP

Morgan

Mortgage

Trust

2021-INV6

A5A,

2.500%,

04/25/2052

803,171

0.1

Total

Collateralized

Mortgage

Obligations

(Cost

$22,944,455)

22,668,230

3.9

U.S.

GOVERNMENT

AGENCY

OBLIGATIONS

:

0.0

%

Federal

Home

Loan

Mortgage

Corporation

:

0.0

%

(5)

11,468 

5.500

%,

01/01/2037

11,435

0.0

17,770 

5.500

%,

08/01/2038

17,718

0.0

5,359 

5.500

%,

10/01/2038

5,343

0.0

117,778 

5.500

%,

11/01/2038

121,059

0.0

95,973 

5.500

%,

02/01/2039

95,694

0.0

251,249

0.0

Uniform

Mortgage-Backed

Securities

:

0.0

%

4,254 

5.000

%,

03/01/2027

4,230

0.0

88,948 

5.000

%,

05/01/2042

89,638

0.0

93,868

0.0

Total

U.S.

Government

Agency

Obligations

(Cost

$362,846)

345,117

0.0

PORTFOLIO

OF

INVESTMENTS

as

of

June

30,

2023

(Unaudited)

(continued)

14

Voya

Short

Term

Bond

Fund

Principal

Amount†

Value

Percentage

of

Net

Assets

U.S.

GOVERNMENT

AGENCY

OBLIGATIONS:

(continued)

Uniform

Mortgage-Backed

Securities

(continued)

Total

Long-Term

Investments

(Cost

$524,946,468)

$

512,122,498

87.3

Principal

Amount

†

RA

Value

Percentage

of

Net

Assets

SHORT-TERM

INVESTMENTS

:

12

.6

%

Commercial

Paper

:

11

.8

%

3,000,000 

American

Honda

Finance

Corp.,

5.700

%,

09/06/2023

2,968,488

0.5

2,000,000 

American

Honda

Finance

Corp.,

5.730

%,

09/22/2023

1,973,951

0.3

2,000,000 

Dominion

Energy,

Inc.,

5.380

%,

07/17/2023

1,995,004

0.3

3,000,000 

Dominion

Energy,

Inc.,

5.530

%,

08/08/2023

2,982,369

0.5

4,500,000 

Duke

Energy,

5.340

%,

07/12/2023

4,492,110

0.8

1,500,000 

EIDP

Inc.,

5.350

%,

09/05/2023

1,485,414

0.2

3,000,000 

EIDP

Inc.,

5.420

%,

10/02/2023

2,958,671

0.5

3,000,000 

Enbridge

(US)

Inc.,

5.480

%,

07/03/2023

2,998,650

0.5

1,500,000 

Enbridge

(US)

Inc.,

5.510

%,

07/12/2023

1,497,287

0.3

6,000,000 

Entergy

Corp.,

5.300

%,

07/05/2023

5,995,644

1.0

5,400,000 

Fiserv,

Inc.,

5.310

%,

07/06/2023

5,395,294

0.9

4,500,000 

Fiserv,

Inc.,

5.310

%,

07/07/2023

4,495,424

0.8

5,000,000 

HP,

Inc.,

5.380

%,

07/17/2023

4,987,503

0.8

4,000,000 

HP,

Inc.,

5.500

%,

07/31/2023

3,981,386

0.7

4,700,000 

Keurig

Dr.

Pepper,

Inc.,

5.400

%,

07/20/2023

4,686,138

0.8

4,000,000 

Northrop

Grumman

Corp.,

5.610

%,

08/22/2023

3,967,658

0.7

1,500,000 

Parker-Hannifin

Corp.,

5.790

%,

08/23/2023

1,487,269

0.3

3,000,000 

Parker-Hannifin

Corp.,

5.960

%,

10/04/2023

2,953,736

0.5

3,500,000 

Raytheon

Technologies,

5.390

%,

07/12/2023

3,493,805

0.6

4,500,000 

Waste

Management,

Inc.,

5.330

%,

07/12/2023

4,492,123

0.8

Total

Commercial

Paper

(Cost

$69,295,131)

69,287,924

11.8

Principal

Amount†

Value

Percentage

of

Net

Assets

SHORT-TERM

INVESTMENTS:

(continued)

Repurchase

Agreements

:

0

.8

%

1,131,165 

(6)

Bank

of

America

Inc.,

Repurchase

Agreement

dated

06/30/2023,

5.060%,

due

07/03/2023

(Repurchase

Amount

$1,131,635,

collateralized

by

various

U.S.

Government

Agency

Obligations,

2.000%-6.500%,

Market

Value

plus

accrued

interest

$1,153,788,

due

04/01/35-09/01/61)

$

1,131,165

0.2

126,779 

(6)

Citigroup,

Inc.,

Repurchase

Agreement

dated

06/30/2023,

5.070%,

due

07/03/2023

(Repurchase

Amount

$126,832,

collateralized

by

various

U.S.

Government/U.S.

Government

Agency

Obligations,

0.000%-

6.500%,

Market

Value

plus

accrued

interest

$129,315,

due

10/31/24-08/20/67)

126,779

0.0

1,131,165 

(6)

HSBC

Securities

(USA)

Inc.,

Repurchase

Agreement

dated

06/30/2023,

5.060%,

due

07/03/2023

(Repurchase

Amount

$1,131,635,

collateralized

by

various

U.S.

Government/U.S.

Government

Agency

Obligations,

0.000%-

6.000%,

Market

Value

plus

accrued

interest

$1,153,788,

due

08/15/23-11/15/57)

1,131,165

0.2

1,131,165 

(6)

Jefferies

LLC,

Repurchase

Agreement

dated

06/30/2023,

5.170%,

due

07/03/2023

(Repurchase

Amount

$1,131,646,

collateralized

by

various

U.S.

Government

Agency

Obligations,

0.000%-5.050%,

Market

Value

plus

accrued

interest

$1,153,791,

due

07/28/23-06/21/28)

1,131,165

0.2

PORTFOLIO

OF

INVESTMENTS

as

of

June

30,

2023

(Unaudited)

(continued)

15

Voya

Short

Term

Bond

Fund

Principal

Amount†

Value

Percentage

of

Net

Assets

SHORT-TERM

INVESTMENTS:

(continued)

Repurchase

Agreements:

(continued)

1,131,165 

(6)

RBC

Dominion

Securities

Inc.,

Repurchase

Agreement

dated

06/30/2023,

5.060%,

due

07/03/2023

(Repurchase

Amount

$1,131,635,

collateralized

by

various

U.S.

Government/U.S.

Government

Agency

Obligations,

0.000%-

7.500%,

Market

Value

plus

accrued

interest

$1,153,788,

due

07/31/23-05/20/53)

$

1,131,165

0.2

Total

Repurchase

Agreements

(Cost

$4,651,439)

4,651,439

0.8

Shares

RA

Value

Percentage

of

Net

Assets

SHORT-TERM

INVESTMENTS

:

1

.2

%

Mutual

Funds:

1.2%

7,188,000 

(7)

Morgan

Stanley

Institutional

Liquidity

Funds

-

Government

Portfolio

(Institutional

Share

Class),

5.030%

(Cost

$7,188,000)

7,188,000

1.2

Total

Short-Term

Investments

(Cost

$81,134,570)

81,127,363

13.8

Total

Investments

in

Securities

(Cost

$606,081,038)

$

593,249,861

101.1

Liabilities

in

Excess

of

Other

Assets

(

6,706,228

)

(1.1)

Net

Assets

$

586,543,633

100.0

†

Unless

otherwise

indicated,

principal

amount

is

shown

in

USD.

(1)

Security,

or

a

portion

of

the

security,

is

on

loan.

(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)

Variable

rate

security.

Rate

shown

is

the

rate

in

effect

as

of

June

30,

2023.

(4)

Principal

only

securities

represent

the

right

to

receive

the

monthly

principal

payments

on

an

underlying

pool

of

mortgage

loans.

No

payments

of

interest

on

the

pool

are

passed

through

the

principal

only

security.

(5)

The

Federal

Housing

Finance

Agency

(“FHFA”)

placed

the

Federal

Home

Loan

Mortgage

Corporation

and

Federal

National

Mortgage

Association

into

conservatorship

with

FHFA

as

the

conservator.

As

such,

the

FHFA

oversees

the

continuing

affairs

of

these

companies.

(6)

All

or

a

portion

of

the

security

represents

securities

purchased

with

cash

collateral

received

for

securities

on

loan.

(7)

Rate

shown

is

the

7-day

yield

as

of

June

30,

2023.

Reference

Rate

Abbreviations:

SOFR30A

30-day

Secured

Overnight

Financing

Rate

TSFR1M

1-month

CME

Term

Secured

Overnight

Financing

Rate

TSFR3M

3-month

CME

Term

Secured

Overnight

Financing

Rate

US0001M

1-month

LIBOR

US0003M

3-month

LIBOR

US0012M

12-month

LIBOR

PORTFOLIO

OF

INVESTMENTS

as

of

June

30,

2023

(Unaudited)

(continued)

16

Voya

Short

Term

Bond

Fund

Fair

Value

Measurements

The

following

is

a

summary

of

the

fair

valuations

according

to

the

inputs

used

as

of

June

30,

2023

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

June

30,

2023

Asset

Table

Investments,

at

fair

value

Corporate

Bonds/Notes

$

—

$

221,033,901

$

—

$

221,033,901

U.S.

Treasury

Obligations

—

170,539,131

—

170,539,131

Asset-Backed

Securities

—

73,384,672

—

73,384,672

Commercial

Mortgage-Backed

Securities

—

24,151,447

—

24,151,447

Collateralized

Mortgage

Obligations

—

22,668,230

—

22,668,230

U.S.

Government

Agency

Obligations

—

345,117

—

345,117

Short-Term

Investments

7,188,000

73,939,363

—

81,127,363

Total

Investments,

at

fair

value

$

7,188,000

$

586,061,861

$

—

$

593,249,861

Other

Financial

Instruments+

Futures

355,180

—

—

355,180

Total

Assets

$

7,543,180

$

586,061,861

$

—

$

593,605,041

Liabilities

Table

Other

Financial

Instruments+

Futures

$

(

2,517,387

)

$

—

$

—

$

(

2,517,387

)

Total

Liabilities

$

(

2,517,387

)

$

—

$

—

$

(

2,517,387

)

+

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.

At

June

30,

2023,

the

following

futures

contracts

were

outstanding

for

Voya

Short

Term

Bond

Fund:

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

Unrealized

Appreciation/

(Depreciation)

Long

Contracts:

U.S.

Treasury

2-Year

Note

861

09/29/23

$

175,078,969

$

(

2,517,387

)

$

175,078,969

$

(

2,517,387

)

Short

Contracts:

U.S.

Treasury

10-Year

Note

(28)

09/20/23

(

3,143,438

)

18,598

U.S.

Treasury

5-Year

Note

(154)

09/29/23

(

16,492,437

)

336,582

$

(

19,635,875

)

$

355,180

Net

unrealized

depreciation

consisted

of:

Gross

Unrealized

Appreciation

$

192,470

Gross

Unrealized

Depreciation

(

13,023,647

)

Net

Unrealized

Depreciation

$

(

12,831,177

)