PORTFOLIO

OF

INVESTMENTS

as

of

March

31,

2024

(Unaudited)

1

Voya

Strategic

Allocation

Moderate

Portfolio

Shares

RA

Value

Percentage

of

Net

Assets

EXCHANGE-TRADED

FUNDS

:

2

.0

%

43,790 

Vanguard

Long-Term

Treasury

ETF

$

2,594,119

2

.0

Total

Exchange-Traded

Funds

(Cost

$2,656,353)

2,594,119

2

.0

MUTUAL

FUNDS

:

98

.0

%

Affiliated

Investment

Companies

:

98

.0

%

3,688,995 

Voya

Intermediate

Bond

Fund

- Class

R6

32,020,476

24

.7

1,469,181 

Voya

Large

Cap

Value

Portfolio

- Class

R6

9,299,919

7

.2

60,488 

Voya

Large-Cap

Growth

Fund

- Class

R6

3,237,303

2

.5

1,078,952 

Voya

Limited

Maturity

Bond

Portfolio

- Class

I

10,174,520

7

.8

686,539 

(1)

Voya

MidCap

Opportunities

Portfolio

- Class

R6

3,844,616

2

.9

259,719 

Voya

Multi-Manager

Emerging

Markets

Equity

Fund

- Class

I

2,610,181

2

.0

345,983 

Voya

Multi-Manager

International

Equity

Fund

- Class

I

3,587,845

2

.8

375,727 

Voya

Multi-Manager

International

Factors

Fund

- Class

I

3,595,705

2

.8

386,021 

Voya

Multi-Manager

Mid

Cap

Value

Fund

- Class

I

4,010,754

3

.1

30,130 

(1)

Voya

Small

Cap

Growth

Fund

- Class

R6

1,315,787

1

.0

172,798 

Voya

Small

Company

Fund

- Class

R6

2,629,984

2

.0

2,032,792 

Voya

U.S.

Stock

Index

Portfolio

- Class

I

39,964,698

30

.8

541,225 

VY

®

BrandywineGLOBAL

-

Bond

Portfolio

- Class

I

5,098,338

3

.9

60,995 

VY

®

T.

Rowe

Price

Growth

Equity

Portfolio

- Class

I

5,833,543

4

.5

Total

Mutual

Funds

(Cost

$115,325,696)

127,223,669

98

.0

Total

Long-Term

Investments

(Cost

$117,982,049)

129,817,788

100

.0

Total

Investments

in

Securities

(Cost

$117,982,049)

$

129,817,788

100

.0

Liabilities

in

Excess

of

Other

Assets

(

48,107

)

0.0

Net

Assets

$

129,769,681

100.0

(1)

Non-income

producing

security.

PORTFOLIO

OF

INVESTMENTS

as

of

March

31,

2024

(Unaudited)

(continued)

2

Voya

Strategic

Allocation

Moderate

Portfolio

Fair

Value

Measurements

The

following

is

a

summary

of

the

fair

valuations

according

to

the

inputs

used

as

of

March

31,

2024

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,

2024

Asset

Table

Investments,

at

fair

value

Exchange-Traded

Funds

$

2,594,119

$

—

$

—

$

2,594,119

Mutual

Funds

127,223,669

—

—

127,223,669

Total

Investments,

at

fair

value

$

129,817,788

$

—

$

—

$

129,817,788

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,

2024,

where

the

following

issuers

were

considered

an

affiliate:

Issuer

Beginning

Fair

Value

at

12/31/2023

Purchases

at

Cost

Sales

at

Cost

Change

In

Unrealized

Appreciation/

(Depreciation)

Ending

Fair

Value

at

3/31/2024

Investment

Income

Realized

Gains/

(Losses)

Net

Capital

Gain

Distributions

Voya

Intermediate

Bond

Fund

-

Class

R6

$

32,050,200

$

2,129,674

$

(

2,022,665

)

$

(

136,733

)

$

32,020,476

$

368,629

$

(

276,839

)

$

—

Voya

Large

Cap

Value

Portfolio

-

Class

R6

8,916,620

135,011

(

1,361,809

)

1,610,097

9,299,919

—

(

762,036

)

—

Voya

Large-Cap

Growth

Fund

-

Class

R6

3,220,664

48,218

(

436,579

)

405,000

3,237,303

—

48,593

—

Voya

Limited

Maturity

Bond

Portfolio

-

Class

I

6,050,934

4,446,051

(

296,690

)

(

25,775

)

10,174,520

93,221

(

8,175

)

—

Voya

MidCap

Opportunities

Portfolio

-

Class

R6

3,813,880

57,861

(

372,295

)

345,170

3,844,616

—

29,049

—

Voya

Multi-Manager

Emerging

Markets

Equity

Fund

-

Class

I

3,762,735

230,955

(

1,465,992

)

82,483

2,610,181

—

35,892

—

Voya

Multi-Manager

International

Equity

Fund

-

Class

I

3,423,973

143,779

(

124,435

)

144,528

3,587,845

—

1,883

—

Voya

Multi-Manager

International

Factors

Fund

-

Class

I

3,472,985

81,284

(

137,768

)

179,204

3,595,705

—

(

1,127

)

—

Voya

Multi-Manager

Mid

Cap

Value

Fund

-

Class

I

3,754,626

81,046

(

176,451

)

351,533

4,010,754

—

(

496

)

—

Voya

Short

Term

Bond

Fund

-

Class

R6

3,632,142

236,947

(

3,853,930

)

(

15,159

)

—

27,924

(

9,549

)

—

Voya

Small

Cap

Growth

Fund

-

Class

R6

1,290,588

19,286

(

104,110

)

110,023

1,315,787

—

13,984

—

Voya

Small

Company

Fund

-

Class

R6

2,604,044

93,881

(

100,667

)

32,726

2,629,984

—

1,016

—

Voya

U.S.

Stock

Index

Portfolio

-

Class

I

36,153,813

2,586,419

(

2,410,822

)

3,635,288

39,964,698

—

59,984

—

VY

®

BrandywineGLOBAL

-

Bond

Portfolio

-

Class

I

4,881,111

494,765

(

220,839

)

(

56,699

)

5,098,338

—

(

31,557

)

—

VY

®

T.

Rowe

Price

Growth

Equity

Portfolio

-

Class

I

5,818,929

86,794

(

1,001,333

)

929,153

5,833,543

—

(

256,351

)

—

$

122,847,244

$

10,871,971

$

(

14,086,385

)

$

7,590,839

$

127,223,669

$

489,774

$

(

1,155,729

)

$

—

The

financial

statements

for

the

above

mutual

fund[s]

can

be

found

at

www.sec.gov.

Net

unrealized

appreciation

consisted

of:

Gross

Unrealized

Appreciation

$

14,859,104

Gross

Unrealized

Depreciation

(

3,023,365

)

Net

Unrealized

Appreciation

$

11,835,739