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

Shares			Value	Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 13.5%
7,793		iShares 20+ Year Treasury Bond ETF	$   1,272,285	1 .9
37,581		iShares Core S&P Small-Cap ETF	2,639,313	4 .1
4,794		iShares iBoxx Investment Grade Corporate Bond ETF	645,800	1 .0
20,906		Schwab U.S. TIPS ETF	1,288,437	2 .0
28,139		Vanguard Value ETF	2,940,807	4 .5
	Total Exchange-Traded Funds
	(Cost $8,189,940)		8,786,642	13 .5

MUTUAL FUNDS: 86.8%
		Affiliated Investment Companies: 86.8%
266,079		Voya Global Bond Fund - Class R6	2,594,268	4 .0
1,094,101		Voya High Yield Bond Fund - Class R6	8,457,401	13 .0
1,202,471		Voya Intermediate Bond Fund - Class R6	12,890,485	19 .9
58,678		Voya Large-Cap Growth Fund - Class R6	3,283,636	5 .1
315,050		Voya Limited Maturity Bond Portfolio - Class I	3,222,962	5 .0
42,729		Voya MidCap Opportunities Portfolio - Class I	657,174	1 .0
127,035		Voya Multi-Manager Emerging Markets Equity Fund - Class I	1,638,757	2 .5
71,089		Voya Multi-Manager International Equity Fund - Class I	818,943	1 .3
192,094		Voya Multi-Manager International Factors Fund - Class I	1,788,396	2 .8
79,666		Voya Multi-Manager Mid Cap Value Fund - Class I	656,448	1 .0
65,801		Voya Strategic Income Opportunities Fund - Class R6	646,164	1 .0
398,043		Voya U.S. Bond Index Portfolio - Class I	4,509,828	7 .0
308,435		Voya U.S. High Dividend Low Volatility Fund - Class R6	3,593,265	5 .5
668,994		Voya U.S. Stock Index Portfolio - Class I	11,479,938	17 .7
	Total Mutual Funds
	(Cost $51,114,381)		56,237,665	86 .8
	Total Investments in Securities (Cost $59,304,321)		$   65,024,307	100 .3
	Liabilities in Excess of Other Assets		(206,414)	(0 .3)
	Net Assets		$   64,817,893	100 .0

Voya Strategic Allocation Conservative 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	$	8,786,642	$	–	$	–	$	8,786,642
Mutual Funds		56,237,665		–		–		56,237,665
Total Investments, at fair value	$	65,024,307	$	–	$	–	$	65,024,307

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:

Issuer	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
Voya Floating Rate Fund - Class I	$	3,241,151	$	402,938	$	(3,711,595	)	$	67,506		$	-	$	51,704	$	(464,147	)	$	-
Voya Global Bond Fund - Class R6		2,567,714		421,475		(432,864	)		37,943			2,594,268		89,076		(9,040	)		-
Voya High Yield Bond Fund - Class R6		3,898,622		5,268,033		(911,258	)		202,004			8,457,401		263,717		(41,312	)		-
Voya Intermediate Bond Fund - Class R6		9,563,658		5,653,056		(2,734,365	)		408,136			12,890,485		298,665		3,093			-
Voya Large Cap Value Portfolio - Class I		3,916,299		712,617		(3,645,458	)		(983,458	)		-		-		345,381			-
Voya Large-Cap Growth Fund - Class R6		3,274,381		453,816		(887,867	)		443,306			3,283,636		-		21,437			-
Voya Limited Maturity Bond Portfolio - Class I		4,460,609		1,296,138		(2,514,182	)		(19,603	)		3,222,962		56,589		28,775			-
Voya MidCap Opportunities Portfolio - Class I		644,203		133,322		(181,404	)		61,053			657,174		831		6,355			33,680
Voya Multi-Manager Emerging Markets Equity Fund - Class I		2,002,473		1,043,745		(1,423,810	)		16,349			1,638,757		-		(193,783	)		-
Voya Multi-Manager International Equity Fund - Class I		-		776,266		(155,407	)		198,084			818,943		-		15,735			-
Voya Multi-Manager International Factors Fund - Class I		2,949,858		775,352		(2,069,606	)		132,792			1,788,396		-		(352,030	)		-
Voya Multi-Manager Mid Cap Value Fund - Class I		647,661		229,157		(163,546	)		(56,824	)		656,448		-		(33,729	)		-
Voya Small Company Portfolio - Class I		1,307,157		322,689		(1,650,368	)		20,522			-		-		(323,957	)		-
Voya Strategic Income Opportunities Fund - Class R6		3,205,606		409,912		(2,944,768	)		(24,586	)		646,164		55,578		(139,511	)		-
Voya U.S. Bond Index Portfolio - Class I		4,442,959		1,093,024		(1,161,652	)		135,497			4,509,828		86,578		29,880			22,802
Voya U.S. High Dividend Low Volatility Fund - Class R6		3,575,507		856,825		(637,249	)		(201,818	)		3,593,265		36,930		(37,249	)		-
Voya U.S. Stock Index Portfolio - Class I		7,216,408		9,514,521		(5,868,982	)		617,991			11,479,938		29,157		(519,597	)		427,898
	$	56,914,266	$	29,362,886	$	(31,094,381	)	$	1,054,894		$	56,237,665	$	968,825	$	(1,663,699	)	$	484,380

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

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 $60,493,829.
Net unrealized appreciation consisted of:
Gross Unrealized Appreciation	$	5,754,038
Gross Unrealized Depreciation		(1,223,560	)
Net Unrealized Appreciation	$	4,530,478