Voya Strategic Allocation Growth Portfolio	PORTFOLIO OF INVESTMENTS
	as of September 30, 2020 (Unaudited)

Shares			Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 9.9%
121,083		Vanguard Value ETF	$	12,654,384	9 .9
	Total Exchange-Traded Funds
	(Cost $12,987,406)		12,654,384		9 .9
MUTUAL FUNDS: 89.0%
		Affiliated Investment Companies: 89.0%
973,958		Voya High Yield Bond Fund - Class R6	7,528,693		5 .9
1,276,425		Voya Intermediate Bond Fund - Class R6	13,683,276		10 .7
113,205		Voya Large-Cap Growth Fund - Class R6	6,334,942		5 .0
329,773		Voya MidCap Opportunities Portfolio - Class I	5,071,914		4 .0
490,256		Voya Multi-Manager Emerging Markets Equity Fund - Class I	6,324,298		5 .0
988,782		Voya Multi-Manager International Equity Fund - Class I	11,390,770		8 .9
539,033		Voya Multi-Manager International Factors Fund - Class I	5,018,393		3 .9
614,912		Voya Multi-Manager Mid Cap Value Fund - Class I	5,066,873		4 .0
265,685		Voya Small Company Portfolio - Class I	3,767,410		2 .9
254,329		Voya Strategic Income Opportunities Fund - Class R6	2,497,509		2 .0
2,725,540		Voya U.S. Stock Index Portfolio - Class I	46,770,267		36 .7
	Total Mutual Funds
	(Cost $100,598,007)		113,454,345		89 .0
	Total Investments in Securities (Cost $113,585,413)		$	126,108,729	98 .9
	Assets in Excess of Other Liabilities		1,437,362		1 .1
	Net Assets		$	127,546,091	100 .0

Voya Strategic Allocation Growth Portfolio	PORTFOLIO OF INVESTMENTS
	as of September 30, 2020 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2020 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 September 30, 2020
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	12,654,384		$	–	$	–	$	12,654,384
Mutual Funds	$	113,454,345		$	–	$	–	$	113,454,345
Total Investments, at fair value	$	126,108,729		$	–	$	–	$	126,108,729
Other Financial Instruments+
Futures		131,958			–		–		131,958
Total Assets	$	126,240,687		$	–	$	–	$	126,240,687
Liabilities Table
Other Financial Instruments+
Futures	$	(130,031	)	$	–	$	–	$	(130,031	)
Total Liabilities	$	(130,031	)	$	–	$	–	$	(130,031	)

+ 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.

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control with the issuer, results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2020, where the following issuers were considered an affiliate:        

	Beginning Fair Value at 12/31/19		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/(Depreciation)			Ending Fair Value at 09/30/20		Investment Income		Realized Gains/(Losses)			Net Capital Gain Distributions
Issuer
Voya Floating Rate Fund - Class I	$	3,987,989	$	267,634	$	(4,351,745	)	$	96,122		$	-	$	60,713	$	(563,948	)	$	-
Voya High Yield Bond Fund - Class R6		2,664,934		5,377,132		(796,631	)		283,258			7,528,693		219,424		(27,279	)		-
Voya Index Plus LargeCap Portfolio - Class I		5,355,431		154,385		(4,397,848	)		(1,111,968	)		-		-		404,250			-
Voya Intermediate Bond Fund - Class R6		10,427,029		6,206,222		(3,360,410	)		410,435			13,683,276		317,895		35,172			-
Voya Large Cap Value Portfolio - Class I		3,331,737		650,260		(2,764,264	)		(1,217,733	)		-		-		724,045			-
Voya Large-Cap Growth Fund - Class R6		6,702,502		390,393		(1,619,079	)		861,126			6,334,942		-		(14,145	)		-
Voya Limited Maturity Bond Portfolio - Class I		2,613,625		34,760		(2,616,923	)		(31,462	)		-		15,345		3,887			-
Voya MidCap Opportunities Portfolio - Class I		5,283,698		398,186		(1,129,954	)		519,984			5,071,914		6,195		(48,717	)		263,464
Voya Multi-Manager Emerging Markets Equity Fund - Class I		6,844,207		618,603		(1,270,977	)		132,465			6,324,298		-		(136,062	)		-
Voya Multi-Manager International Equity Fund - Class I		16,223,124		1,003,950		(5,354,331	)		(481,973	)		11,390,770		-		(703,228	)		-
Voya Multi-Manager International Factors Fund - Class I		-		4,626,477		(378,925	)		770,841			5,018,393		-		22,270			-
Voya Multi-Manager Mid Cap Value Fund - Class I		5,312,320		1,016,036		(714,216	)		(547,267	)		5,066,873		-		(217,360	)		-
Voya Small Company Portfolio - Class I		3,999,699		1,163,457		(854,747	)		(540,999	)		3,767,410		22,711		(58,261	)		67,801
Voya Strategic Income Opportunities Fund - Class R6		2,629,538		451,090		(488,381	)		(94,738	)		2,497,509		74,158		(12,969	)		-
Voya U.S. High Dividend Low Volatility Fund - Class R6		9,983,929		456,389		(9,865,268	)		(575,050	)		-		70,835		(888,678	)		-
Voya U.S. Stock Index Portfolio - Class I		23,533,702		25,376,654		(5,144,448	)		3,004,359			46,770,267		119,107		(44,998	)		1,747,967
	$	108,893,464	$	48,191,628	$	(45,108,147	)	$	1,477,400		$	113,454,345	$	906,383	$	(1,526,021	)	$	2,079,232

The financial statements for the above mutual fund[s] can be found at www.sec.gov.          

At September 30, 2020, the following futures contracts were outstanding for Voya Strategic Allocation Growth Portfolio:

Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Long Contracts:
E-mini Russell 2000® Index	85	12/18/20	$	6,393,700		$	(114,831	)
S&P 500® E-Mini	11	12/18/20		1,843,600			(11,158	)
			$	8,237,300		$	(125,989	)
Short Contracts:
Mini MSCI EAFE Index	(41)	12/18/20		(3,799,060	)		116,861
Mini MSCI Emerging Markets Index	(12)	12/18/20		(653,100	)		15,097
U.S. Treasury 10-Year Note	(27)	12/21/20		(3,767,344	)		(4,042	)
			$	(8,219,504	)	$	127,916

At September 30, 2020, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments on a tax basis were:

Cost for federal income tax purposes was $115,248,705.

Net unrealized appreciation consisted of:      

Gross Unrealized Appreciation	$	13,415,898
Gross Unrealized Depreciation		(2,553,947	)
Net Unrealized Appreciation	$	10,861,951