NPORT-EX 2 464416VOYA033122.htm

Voya Strategic Allocation Moderate Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2022 (Unaudited)

Shares				Value	Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 10.1%
19,276		iShares 20+ Year Treasury Bond ETF	$	2,545,974	1.9
20,684		iShares Russell 2000 ETF		4,245,805	3.2
27,071		Vanguard Emerging Markets ETF		1,248,785	0.9
27,531		Vanguard FTSE Developed Markets ETF		1,322,314	1.0
28,118		Vanguard Value ETF		4,155,278	3.1

	Total Exchange-Traded Funds
	(Cost $11,864,369)			13,518,156	10.1

MUTUAL FUNDS: 89.8%
		Affiliated Investment Companies: 89.8%
2,887,520		Voya Intermediate Bond Fund - Class R6		27,604,690	20.6
385,393		Voya Large Cap Value Portfolio - Class R6		5,507,266	4.1
64,768		Voya Large-Cap Growth Fund - Class R6		3,423,628	2.6
272,215		Voya Limited Maturity Bond Portfolio - Class I		2,664,983	2.0
215,731		Voya MidCap Opportunities Portfolio - Class R6		3,440,911	2.6
238,473		Voya Multi-Manager Emerging Markets Equity Fund - Class I		2,439,576	1.8
627,258		Voya Multi-Manager International Equity Fund - Class I		6,372,946	4.7
426,062		Voya Multi-Manager International Factors Fund - Class I		3,966,639	3.0
332,372		Voya Multi-Manager Mid Cap Value Fund - Class I		3,383,544	2.5
522,912		Voya U.S. Bond Index Portfolio - Class I		5,270,957	3.9
2,224,191		Voya U.S. Stock Index Portfolio - Class I		46,374,388	34.5
371,649		VY® BrandywineGLOBAL - Bond Portfolio - Class I		4,050,972	3.0
59,763		VY® T. Rowe Price Growth Equity Portfolio - Class I		6,025,353	4.5

	Total Mutual Funds
	(Cost $109,100,514)			120,525,853	89.8
		Total Investments in Securities (Cost $120,964,883)	$	134,044,009	99.9
		Assets in Excess of Other Liabilities		180,215	0.1
		Net Assets	$	134,224,224	100.0

Voya Strategic Allocation Moderate Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2022 (Unaudited) (Continued)

Fair Value Measurements
The following is a summary of the fair valuations according to the inputs used as of March 31, 2022 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 March 31, 2022
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	13,518,156		$	–	$	–	$	13,518,156
Mutual Funds		120,525,853			–		–		120,525,853
Total Investments, at fair value	$	134,044,009		$	–	$	–	$	134,044,009
Liabilities Table
Other Financial Instruments+
Futures	$	(187,690	)	$	–	$	–	$	(187,690	)
Total Liabilities	$	(187,690	)	$	–	$	–	$	(187,690	)

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 March 31, 2022, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/2021		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/(Depreciation)			Ending Fair Value at 3/31/2022		Investment Income		Realized Gains/(Losses)			Net Capital Gain Distributions
Voya High Yield Bond Fund - Class R6	$	11,576,825	$	62,194	$	(10,951,692	)	$	(687,327	)	$	-	$	50,825	$	361,701		$	-
Voya Intermediate Bond Fund - Class R6		25,781,112		6,966,250		(3,401,955	)		(1,740,717	)		27,604,690		162,756		(241,838	)		-
Voya Large Cap Value Portfolio - Class R6		5,816,856		45,025		(457,337	)		102,722			5,507,266		-		(4,492	)		-
Voya Large-Cap Growth Fund - Class R6		3,660,398		152,474		(66,883	)		(322,361	)		3,423,628		-		(7,975	)		-
Voya Limited Maturity Bond Portfolio - Class I		2,855,360		22,761		(139,314	)		(73,824	)		2,664,983		7,535		(3,858	)		-
Voya MidCap Opportunities Portfolio - Class R6		3,409,118		498,570		(79,332	)		(387,445	)		3,440,911		-		(20,425	)		-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		2,756,425		113,043		(79,145	)		(350,747	)		2,439,576		-		(22,625	)		-
Voya Multi-Manager International Equity Fund - Class I		7,030,839		268,994		(173,863	)		(753,024	)		6,372,946		-		(51,350	)		-
Voya Multi-Manager International Factors Fund - Class I		4,289,062		20,179		(130,302	)		(212,300	)		3,966,639		-		(15,841	)		-
Voya Multi-Manager Mid Cap Value Fund - Class I		3,715,491		16,080		(174,606	)		(173,421	)		3,383,544		-		(19,942	)		-
Voya U.S. Bond Index Portfolio - Class I		5,719,247		47,691		(154,124	)		(341,857	)		5,270,957		21,963		(12,339	)		-
Voya U.S. Stock Index Portfolio - Class I		53,435,261		244,962		(4,934,535	)		(2,371,300	)		46,374,388		-		(314,250	)		-
VY® BrandywineGLOBAL - Bond Portfolio - Class I		-		4,168,751		(60,141	)		(57,638	)		4,050,972		-		(906	)		-
VY® T. Rowe Price Growth Equity Portfolio - Class I		6,382,074		750,295		(140,694	)		(966,322	)		6,025,353		-		(34,661	)		-
	$	136,428,068	$	13,377,269	$	(20,943,923	)	$	(8,335,561	)	$	120,525,853	$	243,079	$	(388,801	)	$	-

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

At March 31, 2022, the following futures contracts were outstanding for Voya Strategic Allocation Moderate Portfolio:
Description	Number of Contracts		Expiration Date	Notional Amount			Unrealized Appreciation/ (Depreciation)
Long Contracts:
90-Day Eurodollar		11	06/13/22	$	2,707,925		$	(3,121	)
				$	2,707,925		$	(3,121	)
Short Contracts:
MSCI EAFE Index		(13)	06/17/22		(1,393,860	)		(73,538	)
MSCI Emerging Markets Index		(24)	06/17/22		(1,350,600	)		(111,031	)
				$	(2,744,460	)	$	(184,569	)

At March 31, 2022, 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 $122,736,528.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	16,354,115
Gross Unrealized Depreciation		(5,234,324	)
Net Unrealized Appreciation	$	11,119,791