PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2023

(Unaudited)

1

Voya

Russell™

Large

Cap

Growth

Index

Portfolio

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK

:

99

.3

%

Communication

Services

:

12

.7

%

455,914 

(1)

Alphabet,

Inc.

-

Class

A

$

59,660,906

4

.3

390,197 

(1)

Alphabet,

Inc.

-

Class

C

51,447,475

3

.7

7,863 

(1)

Charter

Communications,

Inc.

-

Class

A

3,458,305

0

.2

169,697 

(1)

Meta

Platforms,

Inc.

-

Class

A

50,944,736

3

.6

33,642 

(1)

Netflix,

Inc.

12,703,219

0

.9

178,214,641

12

.7

Consumer

Discretionary

:

16

.7

%

31,091 

(1)

Airbnb,

Inc.

-

Class

A

4,265,996

0

.3

691,213 

(1)

Amazon.com,

Inc.

87,866,997

6

.3

1,160 

(1)

AutoZone,

Inc.

2,946,388

0

.2

2,846 

(1)

Booking

Holdings,

Inc.

8,776,922

0

.6

2,107 

(1)

Chipotle

Mexican

Grill,

Inc.

3,859,666

0

.3

16,800 

Dollar

General

Corp.

1,777,440

0

.1

77,698 

Home

Depot,

Inc.

23,477,228

1

.7

23,628 

Las

Vegas

Sands

Corp.

1,083,107

0

.1

32,975 

Lowe's

Cos.,

Inc.

6,853,524

0

.5

8,533 

(1)

Lululemon

Athletica,

Inc.

3,290,410

0

.2

19,007 

Marriott

International,

Inc.

-

Class

A

3,736,016

0

.3

23,108 

McDonald's

Corp.

6,087,571

0

.4

48,625 

NIKE,

Inc.

-

Class

B

4,649,522

0

.3

3,895 

(1)

O'Reilly

Automotive,

Inc.

3,540,010

0

.2

86,554 

Starbucks

Corp.

7,899,784

0

.6

35,284 

Target

Corp.

3,901,352

0

.3

211,682 

(1)

Tesla,

Inc.

52,967,070

3

.8

88,357 

TJX

Cos.,

Inc.

7,853,170

0

.5

234,832,173

16

.7

Consumer

Staples

:

4

.1

%

148,206 

Coca-Cola

Co.

8,296,572

0

.6

1,235 

Constellation

Brands,

Inc.

-

Class

A

310,393

0.0

33,990 

Costco

Wholesale

Corp.

19,202,990

1

.4

5,550 

Estee

Lauder

Cos.,

Inc.

-

Class

A

802,252

0

.1

8,382 

Hershey

Co.

1,677,071

0

.1

45,104 

Kenvue,

Inc.

905,688

0

.1

24,314 

Kimberly-Clark

Corp.

2,938,347

0

.2

57,060 

(1)

Monster

Beverage

Corp.

3,021,327

0

.2

73,033 

PepsiCo,

Inc.

12,374,712

0

.9

33,956 

Procter

&

Gamble

Co.

4,952,822

0

.3

38,918 

Sysco

Corp.

2,570,534

0

.2

57,052,708

4

.1

Financials

:

1

.7

%

14,887 

American

Express

Co.

2,220,992

0

.2

54,665 

Blackstone,

Inc.

5,856,808

0

.4

12,764 

(1)

Fiserv,

Inc.

1,441,821

0

.1

30,415 

Marsh

&

McLennan

Cos.,

Inc.

5,787,975

0

.4

11,101 

Moody's

Corp.

3,509,803

0

.2

33,581 

Progressive

Corp.

4,677,833

0

.3

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Financials:

(continued)

2,041 

S&P

Global,

Inc.

$

745,802

0

.1

24,241,034

1

.7

Health

Care

:

9

.9

%

8,360 

Abbott

Laboratories

809,666

0

.1

135,385 

AbbVie,

Inc.

20,180,488

1

.4

27,868 

Amgen,

Inc.

7,489,804

0

.5

1,656 

Cigna

Group

473,732

0.0

46,181 

(1)

Edwards

Lifesciences

Corp.

3,199,420

0

.2

2,417 

Elevance

Health,

Inc.

1,052,410

0

.1

64,926 

Eli

Lilly

&

Co.

34,873,702

2

.5

2,281 

GE

HealthCare

Technologies,

Inc.

155,199

0.0

3,244 

HCA

Healthcare,

Inc.

797,959

0

.1

4,159 

Humana,

Inc.

2,023,437

0

.1

26,794 

(1)

Intuitive

Surgical,

Inc.

7,831,618

0

.6

3,962 

McKesson

Corp.

1,722,876

0

.1

35,857 

Merck

&

Co.,

Inc.

3,691,478

0

.3

540 

(1)

Regeneron

Pharmaceuticals,

Inc.

444,398

0.0

6,922 

Stryker

Corp.

1,891,575

0

.1

18,232 

Thermo

Fisher

Scientific,

Inc.

9,228,491

0

.7

59,976 

UnitedHealth

Group,

Inc.

30,239,300

2

.2

18,084 

(1)

Vertex

Pharmaceuticals,

Inc.

6,288,530

0

.5

35,508 

Zoetis,

Inc.

6,177,682

0

.4

138,571,765

9

.9

Industrials

:

3

.8

%

27,223 

Automatic

Data

Processing,

Inc.

6,549,309

0

.4

5,818 

(1)

Boeing

Co.

1,115,194

0

.1

29,715 

Caterpillar,

Inc.

8,112,195

0

.6

17,058 

CSX

Corp.

524,534

0.0

19,355 

Deere

&

Co.

7,304,190

0

.5

6,584 

Honeywell

International,

Inc.

1,216,328

0

.1

18,960 

Illinois

Tool

Works,

Inc.

4,366,678

0

.3

17,348 

Lockheed

Martin

Corp.

7,094,638

0

.5

625 

Northrop

Grumman

Corp.

275,119

0.0

148,785 

(1)

Uber

Technologies,

Inc.

6,842,622

0

.5

20,015 

Union

Pacific

Corp.

4,075,654

0

.3

15,389 

United

Parcel

Service,

Inc.

-

Class

B

2,398,683

0

.2

28,045 

Waste

Management,

Inc.

4,275,180

0

.3

54,150,324

3

.8

Information

Technology

:

49

.0

%

48,476 

Accenture

PLC

-

Class

A

14,887,464

1

.1

35,153 

(1)

Adobe,

Inc.

17,924,515

1

.3

69,972 

(1)

Advanced

Micro

Devices,

Inc.

7,194,521

0

.5

1,144,952 

Apple,

Inc.

196,027,232

14

.0

54,723 

Applied

Materials,

Inc.

7,576,399

0

.5

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2023

(Unaudited)

(continued)

2

Voya

Russell™

Large

Cap

Growth

Index

Portfolio

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Information

Technology:

(continued)

19,231 

(1)

Arista

Networks,

Inc.

$

3,537,158

0

.3

11,096 

(1)

Atlassian

Corp.

-

Class

A

2,235,955

0

.2

16,481 

(1)

Autodesk,

Inc.

3,410,084

0

.2

30,997 

Broadcom,

Inc.

25,745,488

1

.8

20,735 

(1)

Cadence

Design

Systems,

Inc.

4,858,211

0

.3

50,368 

(1)

Fortinet,

Inc.

2,955,594

0

.2

20,958 

Intuit,

Inc.

10,708,281

0

.8

10,524 

KLA

Corp.

4,826,938

0

.3

9,746 

Lam

Research

Corp.

6,108,500

0

.4

64,367 

Mastercard,

Inc.

-

Class

A

25,483,539

1

.8

570,979 

Microsoft

Corp.

180,286,619

12

.9

11,657 

Motorola

Solutions,

Inc.

3,173,502

0

.2

182,299 

NVIDIA

Corp.

79,298,242

5

.7

47,944 

Oracle

Corp.

5,078,228

0

.4

23,121 

(1)

Palo

Alto

Networks,

Inc.

5,420,487

0

.4

78,036 

(1)

PayPal

Holdings,

Inc.

4,561,985

0

.3

74,634 

Qualcomm,

Inc.

8,288,852

0

.6

54,753 

(1)

Salesforce,

Inc.

11,102,813

0

.8

15,620 

(1)

ServiceNow,

Inc.

8,730,955

0

.6

23,767 

(1)

Snowflake,

Inc.

-

Class

A

3,630,885

0

.3

11,652 

(1)

Synopsys,

Inc.

5,347,918

0

.4

28,414 

Texas

Instruments,

Inc.

4,518,110

0

.3

124,239 

Visa,

Inc.

-

Class

A

28,576,212

2

.0

16,498 

(1)

VMware,

Inc.

-

Class

A

2,746,587

0

.2

15,170 

(1)

Workday,

Inc.

-

Class

A

3,259,275

0

.2

687,500,549

49

.0

Materials

:

0

.6

%

14,824 

Ecolab,

Inc.

2,511,186

0

.2

3,538 

Linde

PLC

1,317,374

0

.1

15,197 

Sherwin-Williams

Co.

3,875,995

0

.3

6,532 

Southern

Copper

Corp.

491,794

0.0

8,196,349

0

.6

Real

Estate

:

0

.8

%

35,714 

American

Tower

Corp.

5,873,167

0

.4

3,515 

Crown

Castle,

Inc.

323,486

0.0

3,595 

Equinix,

Inc.

2,610,905

0

.2

6,981 

Public

Storage

1,839,633

0

.2

10,647,191

0

.8

Total

Common

Stock

(Cost

$451,849,445)

1,393,406,734

99

.3

EXCHANGE-TRADED

FUNDS

:

0

.4

%

37,623 

iShares

Russell

Top

200

Growth

ETF

5,787,546

0

.4

Total

Exchange-Traded

Funds

(Cost

$6,057,640)

5,787,546

0

.4

Total

Long-Term

Investments

(Cost

$457,907,085)

1,399,194,280

99

.7

Shares

RA

Value

Percentage

of

Net

Assets

SHORT-TERM

INVESTMENTS

:

0

.1

%

Mutual

Funds

:

0

.1

%

1,533,000 

(2)

Morgan

Stanley

Institutional

Liquidity

Funds

-

Government

Portfolio

(Institutional

Share

Class),

5.270%

(Cost

$1,533,000)

$

1,533,000

0

.1

Total

Short-Term

Investments

(Cost

$1,533,000)

$

1,533,000

0

.1

Total

Investments

in

Securities

(Cost

$459,440,085)

$

1,400,727,280

99

.8

Assets

in

Excess

of

Other

Liabilities

2,602,263

0.2

Net

Assets

$

1,403,329,543

100.0

(1)

Non-income

producing

security.

(2)

Rate

shown

is

the

7-day

yield

as

of

September

30,

2023.

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2023

(Unaudited)

(continued)

3

Voya

Russell™

Large

Cap

Growth

Index

Portfolio

Fair

Value

Measurements

The

following

is

a

summary

of

the

fair

valuations

according

to

the

inputs

used

as

of

September

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

September

30,

2023

Asset

Table

Investments,

at

fair

value

Common

Stock*

$

1,393,406,734

$

—

$

—

$

1,393,406,734

Exchange-Traded

Funds

5,787,546

—

—

5,787,546

Short-Term

Investments

1,533,000

—

—

1,533,000

Total

Investments,

at

fair

value

$

1,400,727,280

$

—

$

—

$

1,400,727,280

Liabilities

Table

Other

Financial

Instruments+

Futures

$

(

152,099

)

$

—

$

—

$

(

152,099

)

Total

Liabilities

$

(

152,099

)

$

—

$

—

$

(

152,099

)

*

For

further

breakdown

of

Common

Stock

by

sector,

please

refer

to

the

Portfolio

of

Investments.

+

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

September

30,

2023,

the

following

futures

contracts

were

outstanding

for

Voya

Russell™

Large

Cap

Growth

Index

Portfolio:

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

Unrealized

Depreciation

Long

Contracts:

S&P

500

E-Mini

16

12/15/23

$

3,460,400

$

(

152,099

)

$

3,460,400

$

(

152,099

)

Net

unrealized

appreciation

consisted

of:

Gross

Unrealized

Appreciation

$

949,606,050

Gross

Unrealized

Depreciation

(

8,318,855

)

Net

Unrealized

Appreciation

$

941,287,195