UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-08319

Voya Partners, Inc.

(Exact name of registrant as specified in charter)

7337 East Doubletree Ranch Road, Suite 100, Scottsdale, AZ 85258

(Address of principal executive offices) (Zip code)

Huey P. Falgout, Jr., 7337 E. Doubletree Ranch Rd., Scottsdale, AZ 85258

(Name and address of agent for service)

Registrant’s telephone number, including area code: 1-800-992-0180

Date of fiscal year end: December 31

Date of reporting period: September 30, 2017

Item 1. Schedule of Investments

The schedules of investments as of the close of the reporting period are set forth below for:

The schedules are not audited.

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: 22.6%
			Brazil: 0.5%
	900,000		Petrobras Global Finance BV, 8.750%, 05/23/26	$	1,083,375		0.5
			Canada: 0.2%
	178,000	(1),(2)	Cenovus Energy, Inc., 4.250%, 04/15/27		176,753		0.1
	324,000		Goldcorp, Inc., 3.700%, 03/15/23		337,525		0.1
					514,278		0.2
			China: 0.3%
	601,000		Alibaba Group Holding Ltd., 3.600%, 11/28/24		623,853		0.3
			France: 0.8%
	294,000		BPCE SA, 2.500%, 12/10/18		296,441		0.1
	287,000	(2)	BPCE SA, 5.150%, 07/21/24		309,740		0.2
	226,000	(2)	Electricite de France SA, 2.350%, 10/13/20		227,367		0.1
	940,000	(2)	SFR Group SA, 6.000%, 05/15/22		983,475		0.4
					1,817,023		0.8
			Guernsey: 0.3%
	716,000		Credit Suisse Group Funding Guernsey Ltd., 2.750%, 03/26/20		723,767		0.3
			Ireland: 0.3%
	282,000		GE Capital International Funding Co. Unlimited Co., 4.418%, 11/15/35		307,968		0.1
	370,000		Shire Acquisitions Investments Ireland DAC, 3.200%, 09/23/26		365,307		0.2
					673,275		0.3
			Israel: 0.1%
	345,000	(1)	Teva Pharmaceutical Finance Netherlands III BV, 3.150%, 10/01/26		318,540		0.1
			Japan: 0.6%
	790,000	(2)	Bank of Tokyo-Mitsubishi UFJ Ltd./The, 2.300%, 03/05/20		792,316		0.4
	200,000	(2)	Mizuho Bank Ltd., 3.200%, 03/26/25		202,034		0.1
	300,000		Sumitomo Mitsui Financial Group, Inc., 3.784%, 03/09/26		311,916		0.1
					1,306,266		0.6
			Luxembourg: 0.2%
	350,000	(2)	Altice Financing SA, 6.625%, 02/15/23		371,875		0.2
	130,000	(2)	Dana Financing Luxembourg Sarl, 5.750%, 04/15/25		137,475		0.0
					509,350		0.2
			Mexico: 0.0%
MXN	1,007,437	(3)	Banco Invex SA / Hipotecaria Credito y Casa SA de CV, 6.450%, 03/13/34		–		–
MXN	113,757	(4)	JPMorgan Hipotecaria su Casita, 6.100%, 09/25/35		6,104		0.0
					6,104		0.0
			Netherlands: 0.7%
	269,000		Cooperatieve Rabobank UA, 4.500%, 01/11/21		288,261		0.1
	690,000		Shell International Finance BV, 3.250%, 05/11/25		707,042		0.3
	361,000		Shell International Finance BV, 4.000%, 05/10/46		365,816		0.2
	300,000	(2)	Siemens Financieringsmaatschappij NV, 2.350%, 10/15/26		284,010		0.1
					1,645,129		0.7
			Norway: 0.2%
	380,000		Statoil ASA, 2.450%, 01/17/23		379,459		0.2
			South Africa: 0.0%
ZAR	1,000,000		Transnet SOC Ltd., 10.800%, 11/06/23		78,291		0.0
			Sweden: 0.1%
	298,000	(2)	Nordea Bank AB, 5.500%, 09/29/49		307,521		0.1
			Switzerland: 0.3%
	400,000	(2)	Credit Suisse AG, 6.500%, 08/08/23		453,028		0.2
	250,000		UBS AG/Stamford CT, 7.625%, 08/17/22		295,313		0.1
					748,341		0.3
			United Kingdom: 1.4%
	230,000	(2)	Anglo American Capital PLC, 4.750%, 04/10/27		240,332		0.1
	283,000		Aon PLC, 2.800%, 03/15/21		284,347		0.1
	530,000		BP Capital Markets PLC, 3.216%, 11/28/23		543,178		0.2
	200,000	(2)	Reckitt Benckiser Treasury Services PLC, 3.000%, 06/26/27		197,983		0.1
	239,000	(2)	Santander UK Group Holdings PLC, 5.625%, 09/15/45		279,237		0.1
	1,002,000		Santander UK PLC, 2.375%, 03/16/20		1,009,773		0.5
	400,000	(1),(2)	Standard Chartered PLC, 4.300%, 02/19/27		409,051		0.2

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			United Kingdom: (continued)
	200,000	(2)	Virgin Media Secured Finance PLC, 5.250%, 01/15/26	$	209,000		0.1
					3,172,901		1.4
			United States: 16.6%
	424,000		21st Century Fox America, Inc., 4.500%, 02/15/21		454,024		0.2
	338,000		21st Century Fox America, Inc., 5.400%, 10/01/43		392,950		0.2
	150,000		AbbVie, Inc., 3.600%, 05/14/25		155,714		0.1
	321,000		AbbVie, Inc., 4.300%, 05/14/36		337,917		0.1
	53,000		Aetna, Inc., 2.800%, 06/15/23		53,334		0.0
	195,000	(1)	AMC Entertainment Holdings, Inc., 5.875%, 11/15/26		192,075		0.1
	233,000		American Tower Corp., 3.500%, 01/31/23		241,239		0.1
	70,000		Andeavor Logistics L.P. / Tesoro Logistics Finance Corp., 5.250%, 01/15/25		75,250		0.0
	432,000		Anheuser-Busch InBev Finance, Inc., 2.650%, 02/01/21		439,250		0.2
	555,000		Anheuser-Busch InBev Finance, Inc., 3.650%, 02/01/26		574,942		0.2
	121,000		Apple, Inc., 2.850%, 05/11/24		122,528		0.1
	295,000		AT&T, Inc., 3.000%, 06/30/22		298,177		0.1
	299,000		AT&T, Inc., 5.150%, 03/15/42		303,086		0.1
	430,000		AT&T, Inc., 5.450%, 03/01/47		456,305		0.2
	368,000		Bank of America Corp., 3.300%, 01/11/23		377,148		0.2
	226,000		Bank of America Corp., 3.875%, 08/01/25		236,893		0.1
	458,000		Bank of America Corp., 4.100%, 07/24/23		488,145		0.2
	309,000		Bank of America Corp., 4.000%, 04/01/24		326,624		0.1
	412,000		Bank of New York Mellon Corp., 2.050%, 05/03/21		410,263		0.2
	300,000		Boardwalk Pipelines L.P., 5.950%, 06/01/26		336,040		0.1
	300,000	(2)	Builders FirstSource, Inc., 5.625%, 09/01/24		318,375		0.1
	540,000	(2)	Calpine Corp., 6.000%, 01/15/22		560,925		0.2
	395,000		CBRE Services, Inc., 5.250%, 03/15/25		433,510		0.2
	216,000		CBS Corp., 3.700%, 08/15/24		222,078		0.1
	249,000		CCO Holdings LLC / CCO Holdings Capital Corp., 5.125%, 02/15/23		257,715		0.1
	75,000		CDW LLC / CDW Finance Corp., 5.000%, 09/01/25		79,125		0.0
	501,000		Celgene Corp., 4.000%, 08/15/23		536,646		0.2
	472,000		Charter Communications Operating LLC / Charter Communications Operating Capital, 4.464%, 07/23/22		498,995		0.2
	195,000	(1)	CHS/Community Health Systems, Inc., 5.125%, 08/01/21		193,050		0.1
	579,000		Citigroup, Inc., 4.000%, 08/05/24		600,093		0.3
	469,000		Citigroup, Inc., 5.500%, 09/13/25		527,062		0.2
	758,000		Citizens Bank NA/Providence RI, 2.450%, 12/04/19		764,099		0.3
	165,000		Comcast Corp., 2.350%, 01/15/27		154,129		0.1
	240,000		Comcast Corp., 4.250%, 01/15/33		258,408		0.1
	185,000	(2)	CommScope Technologies LLC, 5.000%, 03/15/27		185,925		0.1
	562,000	(2)	Cox Communications, Inc., 2.950%, 06/30/23		553,758		0.2
	777,000		CVS Health Corp., 2.800%, 07/20/20		790,988		0.3
	177,000	(2)	Dell International LLC / EMC Corp., 4.420%, 06/15/21		185,971		0.1
	480,000	(2)	Dell International LLC / EMC Corp., 5.450%, 06/15/23		527,081		0.2
	313,000	(2)	Dell International LLC / EMC Corp., 6.020%, 06/15/26		348,060		0.2
	442,000		Discover Bank, 7.000%, 04/15/20		487,689		0.2
	147,000		Eastman Chemical Co., 2.700%, 01/15/20		148,826		0.1
	1,026,000		Energy Transfer L.P., 4.900%, 02/01/24		1,089,351		0.5
	558,000		Entergy Corp., 5.125%, 09/15/20		596,913		0.3
	238,000		Envision Healthcare Corp., 5.625%, 07/15/22		249,007		0.1
	385,000	(2)	ESH Hospitality, Inc., 5.250%, 05/01/25		398,956		0.2
	318,000		Fifth Third Bancorp, 8.250%, 03/01/38		484,704		0.2
	200,000	(2)	First Data Corp., 5.750%, 01/15/24		210,000		0.1
	532,000		FirstEnergy Corp., 4.250%, 03/15/23		563,316		0.2
	205,000		General Electric Co., 6.750%, 03/15/32		285,143		0.1
	322,000		General Motors Financial Co., Inc., 4.300%, 07/13/25		332,880		0.1
	192,000		Gilead Sciences, Inc., 2.950%, 03/01/27		190,368		0.1
	240,000		Goldman Sachs Group, Inc./The, 2.625%, 04/25/21		241,466		0.1
	810,000		Goldman Sachs Group, Inc./The, 3.000%, 04/26/22		819,352		0.4

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			United States: (continued)
	35,000		Goodyear Tire & Rubber Co/The, 4.875%, 03/15/27	$	36,119		0.0
	605,000		Hartford Financial Services Group, Inc., 6.625%, 03/30/40		825,212		0.4
	118,000		Hess Corp., 5.800%, 04/01/47		121,176		0.1
	115,000	(2)	Hill-Rom Holdings, Inc., 5.000%, 02/15/25		119,600		0.1
	1,041,000		Indiana Michigan Power Co., 7.000%, 03/15/19		1,114,884		0.5
	102,000	(1)	International Business Machines Corp., 3.300%, 01/27/27		103,662		0.0
	570,000	(2)	JBS USA LUX SA / JBS USA Finance, Inc., 5.875%, 07/15/24		574,275		0.2
	245,000	(4)	Jefferson Smurfit Escrow		–		–
	357,000		JPMorgan Chase & Co., 2.550%, 03/01/21		360,663		0.2
	478,000	(1)	JPMorgan Chase & Co., 6.000%, 02/01/66		521,020		0.2
	222,000		Kinder Morgan Energy Partners L.P., 4.250%, 09/01/24		231,593		0.1
	317,000		Kraft Heinz Foods Co., 3.000%, 06/01/26		304,543		0.1
	342,000		Kroger Co/The, 4.450%, 02/01/47		323,950		0.1
	335,000		Level 3 Communications, Inc., 5.750%, 12/01/22		346,725		0.1
	375,000		Medtronic, Inc., 3.150%, 03/15/22		388,427		0.2
	170,000		MGM Resorts International, 4.625%, 09/01/26		172,975		0.1
	372,000		Morgan Stanley, 3.750%, 02/25/23		388,598		0.2
	618,000		Morgan Stanley, 4.100%, 05/22/23		646,792		0.3
	240,000		MPT Operating Partnership L.P. / MPT Finance Corp., 6.375%, 02/15/22		247,848		0.1
	625,000		Netflix, Inc., 5.750%, 03/01/24		682,812		0.3
	438,000		Newell Brands, Inc., 2.875%, 12/01/19		444,895		0.2
	381,000		NextEra Energy Capital Holdings, Inc., 3.625%, 06/15/23		395,000		0.2
	175,000	(2)	Nielsen Finance LLC / Nielsen Finance Co., 5.000%, 04/15/22		181,781		0.1
	235,000		Nordstrom, Inc., 5.000%, 01/15/44		231,632		0.1
	200,000	(2)	Novelis Corp., 5.875%, 09/30/26		203,500		0.1
	220,000		Occidental Petroleum Corp., 4.625%, 06/15/45		241,044		0.1
	349,000		Oracle Corp., 2.950%, 05/15/25		352,152		0.2
	150,000		O'Reilly Automotive, Inc., 3.600%, 09/01/27		150,146		0.1
	110,000	(2)	Owens-Brockway Glass Container, Inc., 5.875%, 08/15/23		121,756		0.1
	235,000		Pfizer, Inc., 2.750%, 06/03/26		232,814		0.1
	460,000		Philip Morris International, Inc., 4.250%, 11/10/44		480,818		0.2
	400,000	(2)	Post Holdings, Inc., 5.000%, 08/15/26		400,250		0.2
	230,000		Qualcomm, Inc., 2.600%, 01/30/23		230,636		0.1
	220,000		Qualcomm, Inc., 3.250%, 05/20/27		222,051		0.1
	280,000		Energy Transfer L.P. / Regency Energy Finance Corp., 4.500%, 11/01/23		293,695		0.1
	280,000		Energy Transfer L.P. / Regency Energy Finance Corp., 5.500%, 04/15/23		289,520		0.1
	272,000		Reynolds American, Inc., 6.150%, 09/15/43		342,133		0.1
	117,000		Scripps Networks Interactive, Inc., 2.750%, 11/15/19		118,370		0.1
	175,000	(2)	Sirius XM Radio, Inc., 5.375%, 04/15/25		185,063		0.1
	95,000	(2)	Six Flags Entertainment Corp., 4.875%, 07/31/24		96,900		0.0
	195,000	(2)	Six Flags Entertainment Corp., 5.500%, 04/15/27		200,363		0.1
	185,000		SLM Corp., 5.125%, 04/05/22		190,550		0.1
	235,000	(2)	Standard Industries, Inc./NJ, 5.000%, 02/15/27		245,575		0.1
	245,000	(4)	Stone Webster Escrow		–		–
	185,000		Summit Midstream Holdings LLC / Summit Midstream Finance Corp., 5.750%, 04/15/25		188,700		0.1
	104,000		Sunoco Logistics Partners Operations L.P., 4.250%, 04/01/24		107,427		0.0
	445,000		Synchrony Financial, 4.250%, 08/15/24		463,293		0.2
	272,000		Time Warner Cable LLC, 5.875%, 11/15/40		299,307		0.1
	485,000		Time Warner, Inc., 6.500%, 11/15/36		589,460		0.3
	100,000		United Rentals North America, Inc., 5.500%, 07/15/25		107,745		0.0
	380,000	(2)	Univision Communications, Inc., 5.125%, 02/15/25		384,275		0.2
	505,000	(2)	Valeant Pharmaceuticals International, 7.250%, 07/15/22		494,269		0.2
	230,000		Verizon Communications, Inc., 4.125%, 03/16/27		240,495		0.1
	270,000		Verizon Communications, Inc., 5.012%, 08/21/54		272,217		0.1
	252,000		Viacom, Inc., 4.375%, 03/15/43		217,761		0.1

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			United States: (continued)
	785,000		Visa, Inc., 3.150%, 12/14/25	$	804,511		0.3
	599,000		Wells Fargo & Co., 4.100%, 06/03/26		623,057		0.3
					38,519,903		16.6
		Total Corporate Bonds/Notes (Cost $50,733,149)			52,427,376		22.6
COLLATERALIZED MORTGAGE OBLIGATIONS: 13.3%
			United States: 13.3%
	451,349		Adjustable Rate Mortgage Trust 2006-2 1A1, 3.370%, 05/25/36		425,449		0.2
	324,706		Alternative Loan Trust 2005-51 3A2A, 2.179%, (1.000*12MTA + 1.290%), 11/20/35		316,383		0.1
	105,252		Alternative Loan Trust 2006-13T1 A9, 6.000%, 05/25/36		87,579		0.0
	635,495		Banc of America Funding 2005-1 Trust 1A1, 5.500%, 02/25/35		637,744		0.3
	139,081		Citigroup Mortgage Loan Trust, Inc. 2005-2 1A3, 3.270%, 05/25/35		139,820		0.1
	404,090		CitiMortgage Alternative Loan Trust Series 2006-A3 1A7, 6.000%, 07/25/36		385,714		0.2
	92,796		CHL Mortgage Pass-Through Trust 2005-17 1A8, 5.500%, 09/25/35		92,672		0.0
	88,337		CHL Mortgage Pass-Through Trust 2005-J4 A7, 5.500%, 11/25/35		88,750		0.0
	425,806		CHL Mortgage Pass-Through Trust 2007-7 A7, 5.750%, 06/25/37		394,755		0.2
	69,826		Countrywide Alternative Loan Trust 2005-53T2 2A6, 1.737%, (1.000*US0001M + 0.500%), 11/25/35		43,262		0.0
	23,215	(2)	Deutsche ALT-A Securities, Inc. ALT2007-RS1 A2, 1.737%, (1.000*US0001M + 0.500%), 01/27/37		103,257		0.1
	500,000		Fannie Mae Connecticut Avenue Securities 2017-C03 1M2, 4.237%, (1.000*US0001M + 3.000%), 10/25/29		515,780		0.2
	500,000		Fannie Mae Connecticut Avenue Securities 2017-C05 1M2, 3.437%, (1.000*US0001M + 2.200%), 01/25/30		494,031		0.2
	87,310	(5)	Fannie Mae Interest Strip Sereis 328 2, 6.000%, 12/25/32		20,632		0.0
	43,705	(5)	Fannie Mae Interest Strip Sereis 332 2, 6.000%, 03/25/33		10,387		0.0
	178,252	(5)	Fannie Mae Interest Strip Series 254 2, 7.500%, 01/25/24		30,878		0.0
	28,076	(5)	Fannie Mae Interest Strip Series 294 2, 7.000%, 02/25/28		6,455		0.0
	231,500	(5)	Fannie Mae Interest Strip Series 319 2, 6.500%, 02/25/32		50,692		0.0
	37,580	(5)	Fannie Mae Interest Strip Series 331 5, 6.000%, 02/25/33		7,871		0.0
	36,513	(5)	Fannie Mae Interest Strip Series 334 12, 6.000%, 03/25/33		8,834		0.0
	45,384	(5)	Fannie Mae Interest Strip Series 338 2, 5.500%, 07/25/33		9,988		0.0
	19,215	(5)	Fannie Mae Interest Strip Series 356 10, 5.500%, 06/25/35		3,557		0.0
	20,356	(5)	Fannie Mae Interest Strip Series 364 15, 6.000%, 09/25/35		4,349		0.0
	592,567	(5)	Fannie Mae Interest Strip Series 418 5, 3.500%, 08/25/43		101,825		0.0
	914,993	(5)	Fannie Mae Interest Strip Series 418 80, 3.500%, 08/25/33		129,036		0.1
	14,655		Fannie Mae REMIC Trust 1999-14 MB, 6.500%, 04/25/29		16,265		0.0
	21,605		Fannie Mae REMIC Trust 1999-54 LH, 6.500%, 11/25/29		24,157		0.0
	19,627		Fannie Mae REMIC Trust 2001-80 ZB, 6.000%, 01/25/32		21,967		0.0
	89,701	(5)	Fannie Mae REMIC Trust 2002-12 SB, 6.513%, (-1.000*US0001M + 7.750%), 07/25/31		18,628		0.0
	51,628	(5)	Fannie Mae REMIC Trust 2002-2 SW, 6.513%, (-1.000*US0001M + 7.750%), 02/25/32		11,027		0.0
	23,372		Fannie Mae REMIC Trust 2002-21 PE, 6.500%, 04/25/32		26,546		0.0
	9,224		Fannie Mae REMIC Trust 2002-29 F, 2.237%, (1.000*US0001M + 1.000%), 04/25/32		9,453		0.0
	33,875	(5)	Fannie Mae REMIC Trust 2002-41 S, 6.713%, (-1.000*US0001M + 7.950%), 07/25/32		6,652		0.0
	2,838		Fannie Mae REMIC Trust 2002-64 FJ, 2.237%, (1.000*US0001M + 1.000%), 04/25/32		2,909		0.0

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
COLLATERALIZED MORTGAGE OBLIGATIONS: (continued)
			United States: (continued)
	6,085		Fannie Mae REMIC Trust 2002-68 FH, 1.734%, (1.000*US0001M + 0.500%), 10/18/32	$	6,114		0.0
	1,019,173	(5)	Fannie Mae REMIC Trust 2002-77 JS, 6.766%, (-1.000*US0001M + 8.000%), 12/18/32		212,636		0.1
	27,345		Fannie Mae REMIC Trust 2002-84 FB, 2.237%, (1.000*US0001M + 1.000%), 12/25/32		27,992		0.0
	27,342		Fannie Mae REMIC Trust 2003-11 FA, 2.237%, (1.000*US0001M + 1.000%), 09/25/32		27,989		0.0
	5,835		Fannie Mae REMIC Trust 2003-116 FA, 1.637%, (1.000*US0001M + 0.400%), 11/25/33		5,842		0.0
	34,893	(5)	Fannie Mae REMIC Trust 2003-13 IO, 7.000%, 03/25/33		8,838		0.0
	27,043	(5)	Fannie Mae REMIC Trust 2003-26 IK, 7.000%, 04/25/33		6,324		0.0
	20,982	(5)	Fannie Mae REMIC Trust 2003-52 NS, 5.863%, (-1.000*US0001M + 7.100%), 06/25/23		1,867		0.0
	141,314	(5)	Fannie Mae REMIC Trust 2004-56 SE, 6.313%, (-1.000*US0001M + 7.550%), 10/25/33		30,180		0.0
	39,131		Fannie Mae REMIC Trust 2005-25 PS, 22.716%, (-4.400*US0001M + 28.160%), 04/25/35		64,717		0.0
	18,050	(5)	Fannie Mae REMIC Trust 2005-40 SB, 5.513%, (-1.000*US0001M + 6.750%), 05/25/35		2,824		0.0
	88,528		Fannie Mae REMIC Trust 2005-71 DB, 4.500%, 08/25/25		91,928		0.0
	112,127		Fannie Mae REMIC Trust 2005-74 DK, 19.051%, (-4.000*US0001M + 24.000%), 07/25/35		180,605		0.1
	374,767		Fannie Mae REMIC Trust 2005-87 SB, 19.297%, (-3.667*US0001M + 23.833%), 10/25/35		583,884		0.3
	309,131		Fannie Mae REMIC Trust 2006-104 ES, 27.264%, (-5.000*US0001M + 33.450%), 11/25/36		551,163		0.2
	18,780		Fannie Mae REMIC Trust 2006-11 PS, 20.030%, (-3.667*US0001M + 24.567%), 03/25/36		29,911		0.0
	51,825		Fannie Mae REMIC Trust 2006-46 SW, 19.663%, (-3.667*US0001M + 24.199%), 06/25/36		80,722		0.0
	292,364	(5)	Fannie Mae REMIC Trust 2006-51 SA, 5.333%, (-1.000*US0001M + 6.570%), 06/25/36		52,285		0.0
	95,869	(5)	Fannie Mae REMIC Trust 2006-90 SX, 5.993%, (-1.000*US0001M + 7.230%), 09/25/36		18,636		0.0
	11,073,053	(5)	Fannie Mae REMIC Trust 2007-116 DI, 4.703%, (-1.000*US0001M + 5.940%), 01/25/38		1,879,826		0.8
	89,074	(5)	Fannie Mae REMIC Trust 2007-88 XI, 5.303%, (-1.000*US0001M + 6.540%), 06/25/37		16,854		0.0
	1,395,201	(5)	Fannie Mae REMIC Trust 2007-89 SB, 5.313%, (-1.000*US0001M + 6.550%), 09/25/37		263,925		0.1
	2,488,368	(5)	Fannie Mae REMIC Trust 2007-94 SG, 5.213%, (-1.000*US0001M + 6.450%), 10/25/37		445,132		0.2
	248,774		Fannie Mae REMIC Trust 2010-109 SN, 18.814%, (-5.000*US0001M + 25.000%), 10/25/40		574,787		0.3
	159,544		Fannie Mae REMIC Trust 2010-155 PL, 5.000%, 07/25/40		167,719		0.1
	4,367,460	(5)	Fannie Mae REMIC Trust 2011-55 SK, 5.323%, (-1.000*US0001M + 6.560%), 06/25/41		845,247		0.4
	3,478,016	(5)	Fannie Mae REMIC Trust 2011-86 NS, 4.713%, (-1.000*US0001M + 5.950%), 09/25/41		538,841		0.2
	2,429,515	(5)	Fannie Mae REMIC Trust 2012-10 US, 5.213%, (-1.000*US0001M + 6.450%), 02/25/42		357,536		0.2
	1,756,027	(5)	Fannie Mae REMIC Trust 2012-110 JI, 4.000%, 06/25/42		253,588		0.1
	5,760,139	(5)	Fannie Mae REMIC Trust 2012-133 PS, 4.963%, (-1.000*US0001M + 6.200%), 03/25/42		790,024		0.3
	2,687,997	(5)	Fannie Mae REMIC Trust 2012-144 SB, 4.863%, (-1.000*US0001M + 6.100%), 01/25/43		625,819		0.3
	3,232,192	(5)	Fannie Mae REMIC Trust 2012-27 SB, 4.743%, (-1.000*US0001M + 5.980%), 11/25/41		433,610		0.2
	23,601		Fannie Mae REMIC Trust 2013-130 ST, 8.000%, (-16.000*US0001M + 64.000%), 05/25/43		28,262		0.0
	1,828,076	(5)	Fannie Mae REMIC Trust 2013-64 LI, 3.000%, 06/25/33		246,446		0.1

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
COLLATERALIZED MORTGAGE OBLIGATIONS: (continued)
			United States: (continued)
	10,781,870	(5)	Freddie Mac 3502 DL, 4.766%, (-1.000*US0001M + 6.000%), 01/15/39	$	1,778,535		0.8
	54,562		Freddie Mac REMIC Trust 1360 PZ, 7.500%, 09/15/22		59,454		0.0
	31,676		Freddie Mac REMIC Trust 1674 Z, 6.750%, 02/15/24		34,472		0.0
	66,774		Freddie Mac REMIC Trust 1897 K, 7.000%, 09/15/26		74,670		0.0
	11,537	(5)	Freddie Mac REMIC Trust 2035 PE, 7.000%, 03/15/28		2,614		0.0
	59,585	(5)	Freddie Mac REMIC Trust 2049 PL, 7.000%, 04/15/28		12,663		0.0
	29,447		Freddie Mac REMIC Trust 2122 F, 1.684%, (1.000*US0001M + 0.450%), 02/15/29		29,532		0.0
	98,951	(5)	Freddie Mac REMIC Trust 2134 SB, 6.466%, (-1.000*US0001M + 7.700%), 03/15/29		16,615		0.0
	106,554	(5)	Freddie Mac REMIC Trust 2136 SG, 6.416%, (-1.000*US0001M + 7.650%), 03/15/29		18,863		0.0
	137,754	(5)	Freddie Mac REMIC Trust 2177 SB, 7.716%, (-1.000*US0001M + 8.950%), 08/15/29		29,274		0.0
	14,928		Freddie Mac REMIC Trust 2344 FP, 2.184%, (1.000*US0001M + 0.950%), 08/15/31		15,342		0.0
	7,571		Freddie Mac REMIC Trust 2412 GF, 2.184%, (1.000*US0001M + 0.950%), 02/15/32		7,781		0.0
	59,127		Freddie Mac REMIC Trust 2415 ZA, 6.500%, 02/15/32		66,679		0.0
	43,923		Freddie Mac REMIC Trust 2461 PZ, 6.500%, 06/15/32		51,343		0.0
	8,120		Freddie Mac REMIC Trust 2464 FI, 2.234%, (1.000*US0001M + 1.000%), 02/15/32		8,315		0.0
	8,329		Freddie Mac REMIC Trust 2470 LF, 2.234%, (1.000*US0001M + 1.000%), 02/15/32		8,530		0.0
	11,474		Freddie Mac REMIC Trust 2471 FD, 2.234%, (1.000*US0001M + 1.000%), 03/15/32		11,754		0.0
	9,328		Freddie Mac REMIC Trust 2504 FP, 1.734%, (1.000*US0001M + 0.500%), 03/15/32		9,377		0.0
	36,704		Freddie Mac REMIC Trust 2551 LF, 1.734%, (1.000*US0001M + 0.500%), 01/15/33		36,871		0.0
	108,634		Freddie Mac REMIC Trust 2676 KY, 5.000%, 09/15/23		114,336		0.1
	470,167		Freddie Mac REMIC Trust 2750 XG, 5.000%, 02/15/34		511,974		0.2
	396,877		Freddie Mac REMIC Trust 2890 PE, 5.000%, 11/15/34		432,898		0.2
	75,375		Freddie Mac REMIC Trust 3001 HT, 8.000%, (-6.667*US0001M + 44.667%), 05/15/35		85,433		0.0
	87,226	(5)	Freddie Mac REMIC Trust 3004 SB, 4.916%, (-1.000*US0001M + 6.150%), 07/15/35		11,224		0.0
	17,610		Freddie Mac REMIC Trust 3025 SJ, 20.224%, (-3.667*US0001M + 24.750%), 08/15/35		27,132		0.0
	1,145,380	(5)	Freddie Mac REMIC Trust 3223 S, 4.716%, (-1.000*US0001M + 5.950%), 10/15/36		152,976		0.1
	2,974,306	(5)	Freddie Mac REMIC Trust 3505 SA, 4.766%, (-1.000*US0001M + 6.000%), 01/15/39		498,208		0.2
	3,341,188	(5)	Freddie Mac REMIC Trust 3702 S, 3.216%, (-1.000*US0001M + 4.450%), 05/15/36		312,229		0.1
	3,037,664	(5)	Freddie Mac REMIC Trust 3710 SL, 4.766%, (-1.000*US0001M + 6.000%), 05/15/36		171,646		0.1
	336,005	(5)	Freddie Mac REMIC Trust 3803 SG, 5.366%, (-1.000*US0001M + 6.600%), 08/15/28		9,640		0.0
	3,412,638	(5)	Freddie Mac REMIC Trust 3925 SD, 4.816%, (-1.000*US0001M + 6.050%), 07/15/40		432,126		0.2
	1,756,145	(5)	Freddie Mac REMIC Trust 4136 SW, 5.016%, (-1.000*US0001M + 6.250%), 11/15/32		300,108		0.1
	768,703	(5)	Freddie Mac REMIC Trust 4161 CI, 4.000%, 02/15/43		140,743		0.1
	11,814,662	(5)	Freddie Mac REMIC Trust 4194 GI, 4.000%, 04/15/43		2,067,166		0.9
	1,385,070	(5)	Freddie Mac Series 4120 IK, 3.000%, 10/15/32		179,941		0.1
	100,000		Freddie Mac Structured Agency Credit Risk Debt Notes 2015-DNA3 M3, 5.937%, (1.000*US0001M + 4.700%), 04/25/28		115,075		0.1
	400,000	(6)	Freddie Mac Structured Agency Credit Risk Debt Notes 2017-DNA3 M2, 3.734%, (1.000*US0001M + 2.500%), 03/25/30		400,480		0.2
	600,000		Freddie Mac Structured Agency Credit Risk Debt Notes 2017-HQA2 M2, 3.887%, (1.000*US0001M + 2.650%), 12/25/29		602,971		0.3

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
COLLATERALIZED MORTGAGE OBLIGATIONS: (continued)
			United States: (continued)
	500,456		Ginnie Mae Series 2007-8 SP, 18.041%, (-3.242*US0001M + 22.048%), 03/20/37	$	733,969		0.3
	3,281,067	(5)	Ginnie Mae Series 2010-165 IP, 4.000%, 04/20/38		156,363		0.1
	2,788,016	(5)	Ginnie Mae Series 2010-68 MS, 4.614%, (-1.000*US0001M + 5.850%), 06/20/40		423,338		0.2
	1,963,606	(5)	Ginnie Mae Series 2012-97 SC, 5.466%, (-1.000*US0001M + 6.700%), 07/16/41		347,242		0.2
	296,847		GreenPoint Mortgage Funding Trust 2006-AR3 4A1, 1.447%, (1.000*US0001M + 0.210%), 04/25/36		273,445		0.1
	83,417		GSR Mortgage Loan Trust 2005-AR6 1A4, 3.297%, 09/25/35		85,975		0.0
	738,673		IndyMac INDX Mortgage Loan Trust 2006-AR2 1A1B, 1.447%, (1.000*US0001M + 0.210%), 04/25/46		675,991		0.3
	692,665		JP Morgan Mortgage Trust 2005-A4 B1, 3.505%, 07/25/35		622,237		0.3
	114,985		JP Morgan Mortgage Trust 2007-A1 7A1, 3.567%, 07/25/35		115,244		0.1
	299,432	(2)	JP Morgan Mortgage Trust 2017-3 B1, 3.890%, 08/25/47		301,603		0.1
	163,935		Lehman XS Trust Series 2005-5N 1A2, 1.597%, (1.000*US0001M + 0.360%), 11/25/35		146,435		0.1
	129,536		MASTR Adjustable Rate Mortgages Trust 2006-2 1A1, 3.651%, 04/25/36		129,078		0.1
	200,000	(2)	Mill City Mortgage Loan Trust 2017-2 M2, 3.250%, 07/25/59		196,222		0.1
	483		RALI Series Trust 2005-QA4 A32, 3.847%, 04/25/35		9		0.0
	2,604,812		RALI Series Trust 2006-QO1 X2, 2.004%, 02/25/46		240,609		0.1
	794,277		TBW Mortgage-Backed Trust 2007-2 A1A, 5.965%, 07/25/37		510,014		0.2
	9,281,842	(5)	WaMu Mortgage Pass-Through Certificates Series 2005-AR11 X, 1.030%, 08/25/45		333,780		0.2
	59,609		WaMu Mortgage Pass-Through Certificates Series 2006-AR12 1A1, 3.039%, 10/25/36		58,233		0.0
	962,641		WaMu Mortgage Pass-Through Certificates Series 2006-AR16 3A1, 2.859%, 12/25/36		939,063		0.4
	225,197		WaMu Mortgage Pass-Through Certificates Series 2006-AR8 1A4, 3.215%, 08/25/46		213,836		0.1
	453,635		WaMu Mortgage Pass-Through Certificates Series 2007-HY2 1A1, 3.072%, 12/25/36		432,541		0.2
	129,330		WaMu Mortgage Pass-Through Certificates Series 2007-HY4 1A1, 2.798%, 04/25/37		115,392		0.1
	152,943		Wells Fargo Alternative Loan 2007-PA2 2A1, 1.667%, (1.000*US0001M + 0.430%), 06/25/37		121,761		0.1
	71,624		Wells Fargo Mortgage Backed Securities 2005-AR16 Trust 2A1, 3.183%, 02/25/34		73,518		0.0
	192,331		Wells Fargo Mortgage Backed Securities 2006-8 A15, 6.000%, 07/25/36		194,141		0.1
	237,384		Wells Fargo Mortgage Backed Securities 2006-AR17 A1, 3.479%, 10/25/36		232,407		0.1
	51,201		Wells Fargo Mortgage Backed Securities 2006-AR17 A2, 3.479%, 10/25/36		50,127		0.0
	299,949		Wells Fargo Mortgage Backed Securities 2006-AR7 2A1, 3.332%, 05/25/36		289,745		0.1
	289,522		Wells Fargo Mortgage Backed Securities 2006-AR8 3A2, 3.172%, 04/25/36		286,662		0.1
		Total Collateralized Mortgage Obligations (Cost $29,108,484)			30,837,347		13.3
STRUCTURED PRODUCTS: 0.0%
			Russia: 0.0%
RUB	5,227,422	(4)	Morgan Stanley & Co. International PLC - EM Whole Loan SA /Russian Federation Total Return Linked Bonds, Series 007, Cl. VR, 5.000%, 08/22/34		40,049		0.0
		Total Structured Products (Cost $186,659)			40,049		0.0
U.S. GOVERNMENT AGENCY OBLIGATIONS: 1.2%
			Federal Home Loan Mortgage Corporation: 0.6%(7)
	225,734		4.000%, 09/01/45		237,859		0.1
	348,190		4.000%, 09/01/45		366,892		0.2
	185,938		4.000%, 09/01/45		195,926		0.1
	125,477		4.000%, 09/01/45		132,216		0.1
	268,223		4.000%, 05/01/46		282,630		0.1

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
U.S. GOVERNMENT AGENCY OBLIGATIONS: (continued)
			Federal Home Loan Mortgage Corporation: (continued)
	2,267		5.000%, 01/01/20	$	2,344		0.0
	9,212		5.000%, 02/01/20		9,516		0.0
	13,078		5.000%, 12/01/34		14,353		0.0
	43,164		6.000%, 02/01/34		49,003		0.0
	7,848		6.500%, 02/01/22		8,462		0.0
	9,867		6.500%, 09/01/22		10,618		0.0
	3,416		6.500%, 08/01/32		3,836		0.0
	7,065		6.500%, 07/01/34		7,838		0.0
	6,540		6.500%, 07/01/34		7,253		0.0
					1,328,746		0.6
			Federal National Mortgage Association: 0.6%(7)
	74,752		2.500%, 06/01/30		75,550		0.0
	109,348		2.500%, 06/01/30		110,515		0.1
	44,607		2.500%, 07/01/30		45,083		0.0
	185,659		3.457%, (US0012M + 1.777%), 10/01/36		196,318		0.1
	212,168		4.000%, 05/01/45		223,643		0.1
	85,372		5.000%, 06/01/41		93,318		0.1
	6,362		5.500%, 09/01/19		6,491		0.0
	5,908		5.500%, 09/01/19		6,021		0.0
	26,358		5.500%, 09/01/24		29,144		0.0
	3,732		6.000%, 05/01/21		3,868		0.0
	105,035		6.000%, 11/01/34		120,082		0.1
	163,872		6.000%, 04/01/35		187,233		0.1
	75,096		6.500%, 12/01/29		85,461		0.0
	31,497		6.500%, 01/01/34		36,196		0.0
	906		7.000%, 04/01/33		1,038		0.0
	23,823		7.500%, 09/01/32		28,209		0.0
	56,433		7.500%, 01/01/33		66,772		0.0
					1,314,942		0.6
			Government National Mortgage Association: 0.0%
	46,492		5.000%, 04/15/34		51,210		0.0
	20,340		6.500%, 02/20/35		23,701		0.0
					74,911		0.0
		Total U.S. Government Agency Obligations (Cost $2,658,023)			2,718,599		1.2
FOREIGN GOVERNMENT BONDS: 7.0%
			Brazil: 0.3%
BRL	705,000		Brazil Notas do Tesouro Nacional Series F, 6.000%, 05/15/45		770,309		0.3
			Germany: 1.3%
EUR	1,080,000		Bundesrepublik Deutschland, 0.300%, 08/15/26		1,242,596		0.5
EUR	560,000		Bundesrepublik Deutschland, 2.500%, 08/15/46		862,535		0.4
EUR	10,000		Bundesrepublik Deutschland, 2.000%, 08/15/23		13,317		0.0
EUR	810,000		Bundesschatzanweisungen, -0.740%, 12/14/18		965,945		0.4
					3,084,393		1.3
			Indonesia: 0.1%
IDR	1,589,000,000		Indonesia Treasury Bond, 7.500%, 08/15/32		123,844		0.1
			Italy: 3.0%
EUR	4,900,000		Italy Buoni Poliennali Del Tesoro, 4.500%, 03/01/26		6,992,939		3.0
			Russia: 0.4%
RUB	51,720,000		Russian Federal Bond - OFZ, 7.500%, 08/18/21		900,337		0.4
			Spain: 1.9%
EUR	3,500,000	(2)	Spain Government Bond, 1.950%, 04/30/26		4,352,348		1.9
		Total Foreign Government Bonds (Cost $15,610,929)			16,224,170		7.0
ASSET-BACKED SECURITIES: 3.9%
			Cayman Islands: 3.5%
	350,000	(2)	ALM VII R-2 Ltd. 2013-7R2A A2R, 3.304%, (1.000*US0003M + 2.000%), 10/15/27		352,604		0.2
	240,000	(2)	Apidos CLO XI 2012-11A BR, 3.254%, (1.000*US0003M + 1.950%), 01/17/28		241,638		0.1
	210,000	(2)	Apidos CLO XVII 2014-17A A2R, 3.154%, (1.000*US0003M + 1.850%), 04/17/26		210,575		0.1
	370,000	(2)	Apidos CLO XVII 2014-17A BR, 3.804%, (1.000*US0003M + 2.500%), 04/17/26		371,416		0.2
	250,000	(2)	Avery Point IV CLO Ltd. 2014-1A CR, 3.664%, (1.000*US0003M + 2.350%), 04/25/26		251,210		0.1
	250,000	(2)	Babson CLO Ltd. 2014-IA BR, 3.507%, (1.000*US0003M + 2.200%), 07/20/25		250,800		0.1
	510,000	(2)	BlueMountain CLO 2012-2A BR, 3.216%, (1.000*US0003M + 1.900%), 11/20/28		513,371		0.2
	330,000	(2)	BlueMountain CLO 2014-4A B1R, 3.167%, (1.000*US0003M + 1.850%), 11/30/26		331,914		0.2
	300,000	(2)	BlueMountain CLO 2014-4A CR, 3.867%, (1.000*US0003M + 2.550%), 11/30/26		302,602		0.1
	640,000	(2)	Bristol Park CLO Ltd. 2016-1A B, 3.204%, (1.000*US0003M + 1.900%), 04/15/29		643,935		0.3

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
ASSET-BACKED SECURITIES: (continued)
			Cayman Islands: (continued)
	290,000	(2)	Carlyle Global Market Strategies CLO Ltd. 2012-4A BR, 3.207%, (1.000*US0003M + 1.900%), 01/20/29	$	292,142		0.1
	250,000	(2)	Carlyle Global Market Strategies CLO Ltd. 2014-3A BR, 3.467%, (1.000*US0003M + 2.150%), 07/27/26		251,748		0.1
	250,000	(2)	Cedar Funding II CLO Ltd. 2013-1A CR, 3.667%, (1.000*US0003M + 2.350%), 06/09/30		251,034		0.1
	500,000	(2)	Cedar Funding IV CLO Ltd. 2014-4A CR, 3.563%, (1.000*US0003M + 2.250%), 07/23/30		501,912		0.2
	520,000	(2)	Dryden 33 Senior Loan Fund 2014-33A BR, 3.154%, (1.000*US0003M + 1.850%), 10/15/28		523,400		0.2
	250,000	(2)	Madison Park Funding XI Ltd. 2013-11A CR, 3.513%, (1.000*US0003M + 2.200%), 07/23/29		251,073		0.1
	250,000	(2)	Octagon Investment Partners XIX Ltd. 2014-1A CR, 3.404%, (1.000*US0003M + 2.100%), 04/15/26		250,270		0.1
	250,000	(2)	Palmer Square CLO 2015-2A BR Ltd., 3.707%, (1.000*US0003M + 2.400%), 07/20/30		249,974		0.1
	575,000	(2)	Palmer Square Loan Funding 2017-1A D Ltd., 6.170%, (1.000*US0003M + 4.850%), 10/15/25		574,974		0.3
	266,000	(2),(4),(6)	Recette CLO Ltd. 2015-1A CR, 3.063%, (1.000*US0003M + 1.700%), 10/20/27		266,000		0.1
	420,000	(2)	Shackleton CLO Ltd. 2016-9A A, 2.807%, (1.000*US0003M + 1.500%), 10/20/28		423,993		0.2
	250,000	(2)	Thacher Park CLO Ltd. 2014-1A CR, 3.507%, (1.000*US0003M + 2.200%), 10/20/26		251,052		0.1
	560,000	(2)	THL Credit Wind River CLO Ltd. 2017-3A C, 3.439%, (1.000*US0003M + 2.200%), 10/15/30		561,103		0.2
					8,118,740		3.5
			United States: 0.4%
	357,570		Citigroup Mortgage Loan Trust 2006-WF1 A2E, 5.034%, 03/25/36		263,500		0.1
	640,000	(2)	OHA Loan Funding Ltd. 2016-1A B1, 3.107%, (1.000*US0003M + 1.800%), 01/20/28		641,242		0.3
					904,742		0.4
		Total Asset-Backed Securities (Cost $8,989,626)			9,023,482		3.9
U.S. TREASURY OBLIGATIONS: 6.3%
			U.S. Treasury Bonds: 1.0%
	2,317,000		3.000%, 05/15/47		2,382,890		1.0
			U.S. Treasury Notes: 5.3%
	–	(1)	1.250%, 08/31/19		–		–
	30,000		1.250%, 10/31/21		29,324		0.0
	1,818,000		1.375%, 09/30/19		1,814,165		0.8
	2,688,000	(1)	1.375%, 09/15/20		2,669,153		1.1
	–	(1)	1.625%, 08/31/22		–		–
	220,000		1.625%, 10/31/23		214,444		0.1
	1,048,000		1.875%, 09/30/22		1,045,408		0.5
	–	(1)	1.875%, 08/31/24		–		–
	1,080,000		2.125%, 09/30/24		1,079,998		0.5
	5,316,000	(1)	2.250%, 08/15/27		5,278,103		2.3
					12,130,595		5.3
		Total U.S. Treasury Obligations (Cost $14,597,474)			14,513,485		6.3
COMMERCIAL MORTGAGE-BACKED SECURITIES: 9.5%
			United States: 9.5%
	7,028,190	(5)	BANK 2017-BNK5 XA, 1.248%, 06/15/60		526,976		0.2
	900,000	(2)	BANK 2017-BNK6 E, 2.795%, 07/15/60		535,888		0.2
	270,209		Banc of America Commercial Mortgage Trust 2007-3 B, 5.883%, 06/10/49		272,644		0.1
	390,000		Banc of America Commercial Mortgage Trust 2007-3 C, 5.883%, 06/10/49		394,489		0.2
	8,879,102	(5)	Banc of America Commercial Mortgage Trust 2017-BNK3 XA, 1.298%, 02/15/50		698,970		0.3
	8,020,000	(2),(5)	BBCCRE Trust 2015-GTP XA, 0.597%, 08/10/33		335,039		0.1
	2,072,416	(5)	Barclays Commercial Mortgage Trust 2017-C1 XA, 1.693%, 02/15/50		222,821		0.1
	440,000	(2)	Bear Stearns Commercial Mortgage Securities Trust 2004-PWR6 E, 5.406%, 11/11/41		454,528		0.2
	140,000	(2)	Bear Stearns Commercial Mortgage Securities Trust 2006-TOP22 E, 5.907%, 04/12/38		132,526		0.1
	409,583	(2)	Beckman Coulter, Inc. 2000-A A, 7.498%, 12/15/18		413,035		0.2
	1,875,691	(5)	CD 2016-CD1 Mortgage Trust XA, 1.573%, 08/10/49		176,577		0.1

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
COMMERCIAL MORTGAGE-BACKED SECURITIES: (continued)
			United States: (continued)
	8,993,015	(5)	CFCRE Commercial Mortgage Trust 2016-C7 XA, 0.940%, 12/10/54	$	506,595		0.2
	210,000		Citigroup Commercial Mortgage Trust 2017-P8 C, 4.272%, 09/15/50		209,450		0.1
	3,473,206	(5)	COMM 2012-CR1 XA, 2.057%, 05/15/45		244,197		0.1
	10,248,041	(2),(5)	COMM 2012-LTRT XA, 1.150%, 10/05/30		391,537		0.2
	10,317,640	(5)	COMM 2013-CCRE13 XA, 1.083%, 11/12/46		365,588		0.2
	14,328,517	(5)	COMM 2014-CR16 XA, 1.345%, 04/10/47		683,648		0.3
	570,000		COMM 2016-COR1 C, 4.542%, 10/10/49		574,475		0.2
	4,473,774	(5)	COMM 2016-CR28 XA, 0.400%, 02/10/49		185,934		0.1
	1,000,000		COMM 2017-COR2 C, 4.563%, 09/10/50		1,003,542		0.4
	259,626	(2)	Commercial Mortgage Trust 2004-GG1 F, 6.593%, 06/10/36		259,723		0.1
	4,628	(2)	Credit Suisse First Boston Mortgage Securities Corp. 2003-C4 J, 5.322%, 08/15/36		4,616		0.0
	13,560,000	(5)	CSAIL 2017-CX9 XA Commercial Mortgage Trust, 0.905%, 09/15/50		725,308		0.3
	290,000	(2)	DBJPM 16-C3 Mortgage Trust, 3.636%, 09/10/49		236,386		0.1
	2,151,576	(2),(5)	DBUBS 2011-LC1A XA, 0.747%, 11/10/46		36,696		0.0
	210,000	(2)	DBUBS 2011-LC2A D, 5.727%, 07/10/44		221,063		0.1
	3,560,000	(5)	Freddie Mac Multifamily Structured Pass Through Certificates K010 X3, 4.781%, 11/25/44		465,966		0.2
	8,435,903	(5)	Freddie Mac Multifamily Structured Pass Through Certificates K018 X1, 1.522%, 01/25/22		401,147		0.2
	10,000,000	(5)	Freddie Mac Multifamily Structured Pass Through Certificates K035 X3, 1.853%, 12/25/41		917,406		0.4
	28,688,149	(5)	Freddie Mac Multifamily Structured Pass Through Certificates K710 X1, 1.866%, 05/25/19		648,344		0.3
	4,423,190	(5)	Freddie Mac Multifamily Structured Pass Through Certificates K711 X3, 1.675%, 08/25/40		128,874		0.1
	41,416,540	(2),(5)	FREMF Mortgage Trust 2012-K17 X2A, 0.100%, 12/25/44		137,892		0.1
	100,000	(2)	GS Mortgage Securities Trust 2010-C2 F, 4.548%, 12/10/43		89,754		0.0
	2,388,288	(5)	GS Mortgage Securities Trust 2012-GCJ7 XA, 2.421%, 05/10/45		155,968		0.1
	1,350,000	(2)	GS Mortgage Securities Trust 2016-GS4 E, 3.924%, 11/10/49		942,204		0.4
	660,000		JPMBB Commercial Mortgage Securities Trust 2014-C18 AS, 4.439%, 02/15/47		706,912		0.3
	13,571,033	(5)	JPMBB Commercial Mortgage Securities Trust 2014-C24 XA, 1.209%, 11/15/47		605,477		0.3
	250,000	(2)	JP Morgan Chase Commercial Mortgage Securities Corp. 2004-CB8 J, 4.733%, 01/12/39		241,457		0.1
	2,940,000	(2),(5)	JP Morgan Chase Commercial Mortgage Securities Corp. 2012-LC9 XB, 0.421%, 12/15/47		47,434		0.0
	270,000		JP Morgan Chase Commercial Mortgage Securities Trust 2004-CIBC9 E, 5.512%, 06/12/41		274,113		0.1
	300,000		JP Morgan Chase Commercial Mortgage Securities Trust 2005-LDP2 F, 5.010%, 07/15/42		301,540		0.1
	7,043,712	(5)	JP Morgan Chase Commercial Mortgage Securities Trust 2012-CIBX XA, 1.822%, 06/15/45		345,453		0.1
	250,000		JP Morgan Chase Commercial Mortgage Securities Trust 2013-C10 C, 4.285%, 12/15/47		254,854		0.1
	733,819	(2)	JPMBB Commercial Mortgage Securities Trust 2014-C24 ESK, 9.989%, 11/15/47		735,513		0.3
	360,000		LB-UBS Commercial Mortgage Trust 2005-C3 F, 5.013%, 07/15/40		358,410		0.2
	46,610		LB-UBS Commercial Mortgage Trust 2006-C4 C, 6.041%, 06/15/38		46,681		0.0
	780,000		LB-UBS Commercial Mortgage Trust 2006-C4 D, 6.041%, 06/15/38		780,265		0.3
	3,495,002	(2),(5)	LSTAR Commercial Mortgage Trust 2017-5 X, 1.392%, 03/10/50		186,813		0.1
	310,000		Morgan Stanley Capital I Trust 2006-IQ11 C, 6.393%, 10/15/42		303,570		0.1
	170,000	(2)	Morgan Stanley Capital I Trust 2007-TOP27 B, 6.150%, 06/11/42		188,776		0.1
	570,000	(2)	Morgan Stanley Capital I Trust 2011-C1 D, 5.588%, 09/15/47		607,044		0.3

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
COMMERCIAL MORTGAGE-BACKED SECURITIES: (continued)
			United States: (continued)
	460,000	(2)	Morgan Stanley Capital I Trust 2011-C1 E, 5.588%, 09/15/47	$	489,163		0.2
	270,894	(2)	Morgan Stanley Reremic Trust 2012-XA B, 0.250%, 07/27/49		265,187		0.1
	5,395,721	(2),(5)	UBS-Barclays Commercial Mortgage Trust 2012-C3 XA, 2.063%, 08/10/49		415,732		0.2
	7,171,766	(5)	Wells Fargo Commercial Mortgage Trust 2016-C37, 1.186%, 12/15/49		422,591		0.2
	3,448,413	(2),(5)	WFRBS Commercial Mortgage Trust 2012-C8 XA, 2.028%, 08/15/45		244,881		0.1
	1,418,597	(2),(5)	WFRBS Commercial Mortgage Trust 2013-C12 XA, 1.505%, 03/15/48		68,092		0.0
	10,305,230	(5)	WFRBS Commercial Mortgage Trust 2014-C19 XA, 1.318%, 03/15/47		516,021		0.2
		Total Commercial Mortgage-Backed Securities (Cost $22,076,369)			22,105,785		9.5
Shares				Value		Percentage of Net Assets
COMMON STOCK: 0.0%
			United States: 0.0%
	43,083	(1),(4),(8)	American Media, Inc.		–		–
	4,988	(8)	Resolute Forest Products, Inc.		25,189		0.0
		Total Common Stock (Cost $1,298,013)			25,189		0.0
MUTUAL FUNDS: 23.1%
			United States: 23.1%
	1,052,990		Voya Emerging Markets Corporate Debt Fund - Class P		10,666,787		4.6
	1,601,288		Voya Emerging Markets Hard Currency Debt Fund - Class P		15,932,820		6.9
	3,083,643		Voya Emerging Markets Local Currency Debt Fund - Class P		24,052,413		10.4
	351,693		Voya High Yield Bond Fund - Class P		2,876,851		1.2
		Total Mutual Funds (Cost $58,854,704)			53,528,871		23.1

		Value		Percentage of Net Assets
PURCHASED OPTIONS (9): 2.2%
	Total Purchased Options (Cost $5,109,676)	$	5,015,026		2.2
	Total Long-Term Investments (Cost $209,223,106)		206,459,379		89.1

Principal Amount†				Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 17.1%
			Corporate Bonds/Notes: 0.5%
	537,000		Allergan Funding SCS, 2.350%, 03/12/18		538,609		0.2
	265,000	(2)	Barclays Bank PLC, 6.050%, 12/04/17		266,882		0.1
	362,000		JPMorgan Chase & Co., 1.625%, 05/15/18		362,058		0.2
					1,167,549		0.5
			Commercial Paper: 0.9%
	2,000,000		Berkshire, 1.840%, 10/03/17
			(Cost $1,999,861)		1,999,700		0.9
			U.S. Government Agency Obligations: 0.0%
	909		Freddie Mac, 5.500%, 01/01/18		911		0.0
	32		Freddie Mac, 6.500%, 04/01/18		32		0.0
					943		0.0
			Securities Lending Collateral(10): 5.0%
	2,774,694		Citigroup, Inc., Repurchase Agreement dated 09/29/17, 1.08%, due 10/02/17 (Repurchase Amount $2,774,940, collateralized by various U.S. Government Agency Obligations, 1.898%-9.000%, Market Value plus accrued interest $2,830,188, due 12/01/17-06/01/51)		2,774,694		1.2
	2,774,694		Daiwa Capital Markets, Repurchase Agreement dated 09/29/17, 1.07%, due 10/02/17 (Repurchase Amount $2,774,938, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.500%, Market Value plus accrued interest $2,830,188, due 10/12/17-12/01/51)		2,774,694		1.2

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: (continued)
			Securities Lending Collateral(10) (continued)
	2,774,694		Nomura Securities, Repurchase Agreement dated 09/29/17, 1.08%, due 10/02/17 (Repurchase Amount $2,774,940, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-9.000%, Market Value plus accrued interest $2,830,188, due 11/15/17-08/20/67)	$	2,774,694		1.2
	1,198,998		Royal Bank of Scotland PLC, Repurchase Agreement dated 09/29/17, 1.05%, due 10/02/17 (Repurchase Amount $1,199,101, collateralized by various U.S. Government Securities, 0.488%-3.500%, Market Value plus accrued interest $1,222,981, due 10/31/17-11/15/42)		1,198,998		0.5
	2,159,523		State of Wisconsin Investment Board, Repurchase Agreement dated 09/29/17, 1.20%, due 10/02/17 (Repurchase Amount $2,159,736, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $2,206,671, due 01/15/19-02/15/46)		2,159,523		0.9
					11,682,603		5.0
			Foreign Government Bonds: 0.0%
EUR	10,000	(11)	Bundesschatzanweisungen, -0.690%, 12/15/17
			(Cost $11,060)		11,836		0.0
			Collateralized Mortgage Obligations: 0.0%
	83,085	(5)	Fannie Mae REMIC Trust 2011-69 AI, 5.000%, 05/25/18
			(Cost $1,248)		377		0.0
			Commercial Mortgage-Backed Securities: 0.0%
	8,983,719	(5)	Freddie Mac Multifamily Structured Pass Through Certificates K704 X1, 2.119%, 08/25/18
			(Cost $79,927)		98,479		0.0
			U.S. Treasury Obligations: 0.1%
	209,000		United States Treasury Note, 0.625%, 06/30/18
			(Cost $208,124)		207,988		0.1

Shares				Value			Percentage of Net Assets
			Mutual Funds: 10.6%
	24,568,000	(12)	BlackRock Liquidity Funds, FedFund, Institutional Class, 0.930%
			(Cost $24,568,000)	$	24,568,000			10.6
		Total Short-Term Investments (Cost $39,715,099)			39,737,475			17.1
		Total Investments in Securities (Cost $248,938,205)		$	246,196,854			106.2
		Liabilities in Excess of Other Assets			(14,427,080	)		(6.2	)
		Net Assets		$	231,769,774			100.0

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

†	Unless otherwise indicated, principal amount is shown in USD.
(1)	Security, or a portion of the security, is on loan.
(2)	Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers.
(3)	Defaulted security
(4)	For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs.
(5)	Interest only securities represent the right to receive the monthly interest payments on an underlying pool of mortgage loans. Principal amount shown represents the notional amount on which current interest is calculated. Payments of principal on the pool reduce the value of the interest only security.
(6)	Settlement is on a when-issued or delayed-delivery basis.
(7)	The Federal Housing Finance Agency (“FHFA”) placed the Federal Home Loan Mortgage Corporation and Federal National Mortgage Association into conservatorship with FHFA as the conservator. As such, the FHFA oversees the continuing affairs of these companies.
(8)	Non-income producing security.
(9)	The tables below the Portfolio of Investments detail open purchased options which are non-income producing securities.
(10)	Represents securities purchased with cash collateral received for securities on loan.
(11)	Represents a zero coupon bond. Rate shown reflects the effective yield as of September 30, 2017.
(12)	Rate shown is the 7-day yield as of September 30, 2017.

BRL	Brazilian Real
EUR	EU Euro
IDR	Indonesian Rupiah
MXN	Mexican Peso
RUB	Russian Ruble
ZAR	South African Rand

Reference Rate Abbreviations:
12MTA	12-month Treasury Average
US0001M	1-month LIBOR
US0003M	3-month LIBOR
US0012M	12-month LIBOR

Sector Diversification	Percentage of Net Assets
Affiliated Investment Companies		23.1	%
Collateralized Mortgage Obligations		13.3
Commercial Mortgage-Backed Securities		9.5	%
Financial		8.0
Foreign Government Bonds		7.0
U.S. Treasury Obligations		6.3
Communications		4.2
Other Asset-Backed Securities		3.9
Consumer, Non-cyclical		3.1
Energy		2.7
Purchased Options		2.2
Utilities		1.5
U.S. Government Agency Obligations		1.2
Consumer, Cyclical		1.1
Technology		1.1
Industrial		0.6
Basic Materials		0.3
Structured Products		0.0
Consumer Discretionary		0.0
Materials		0.0
Short-Term Investments		17.1
Liabilities in Excess of Other Assets		(6.2	)
Net Assets		100.0	%

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Common Stock
United States	$	25,189		$	–		$	–	$	25,189
Total Common Stock		25,189			–			–		25,189
Mutual Funds		53,528,871			–			–		53,528,871
Purchased Options		–			5,015,026			–		5,015,026
Corporate Bonds/Notes		–			52,421,272			6,104		52,427,376
Collateralized Mortgage Obligations		–			30,837,347			–		30,837,347
Structured Products		–			–			40,049		40,049
Asset-Backed Securities		–			8,757,482			266,000		9,023,482
Foreign Government Bonds		–			16,224,170			–		16,224,170
Commercial Mortgage-Backed Securities		–			22,105,785			–		22,105,785
U.S. Government Agency Obligations		–			2,718,599			–		2,718,599
U.S. Treasury Obligations		–			14,513,485			–		14,513,485
Short-Term Investments		24,568,000			15,169,475			–		39,737,475
Total Investments, at fair value	$	78,122,060		$	167,762,641		$	312,153	$	246,196,854
Other Financial Instruments+
Centrally Cleared Swaps		–			4,979,940			–		4,979,940
Forward Foreign Currency Contracts		–			1,811,016			–		1,811,016
Futures		256,224			–			–		256,224
Total Assets	$	78,378,284		$	174,553,597		$	312,153	$	253,244,034
Liabilities Table
Other Financial Instruments+
Centrally Cleared Swaps	$	–		$	(1,673,200	)	$	–	$	(1,673,200	)
Forward Foreign Currency Contracts		–			(3,653,017	)		–		(3,653,017	)
Futures		(625,857	)		–			–		(625,857	)
Written Options		–			(3,988,826	)		–		(3,988,826	)
Total Liabilities	$	(625,857	)	$	(9,315,043	)	$	–	$	(9,940,900	)

+ Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) 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 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost		Change in Unrealized Appreciation/ (Depreciation)		Ending Fair Value at 9/30/17		Investment Income		Realized Gains/ (Losses)		Net Capital Gain Distributions
Voya Emerging Markets Corporate Debt Fund - Class P	$	9,840,467	$	364,039	$	-	$	462,281	$	10,666,787	$	364,039	$	-	$	-
Voya Emerging Markets Hard Currency Debt Fund - Class P		14,492,650		565,224		-		874,946		15,932,820		565,223		-		-
Voya Emerging Markets Local Currency Debt Fund - Class P		21,177,722		512,436		-		2,362,255		24,052,413		512,436		-		-
Voya High Yield Bond Fund - Class P		2,701,759		127,758		-		47,334		2,876,851		127,758		-		-
	$	48,212,598	$	1,569,457	$	-	$	3,746,816	$	53,528,871	$	1,569,456	$	-	$	-

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

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the following forward foreign currency contracts were outstanding for Voya Global Bond Portfolio:

Currency Purchased	Currency Sold	Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
NOK 3,588,035	USD 462,000	Barclays Bank PLC	10/06/17	$	(11,466	)
USD 618,000	GBP 476,576	Barclays Bank PLC	10/06/17		(20,675	)
EUR 1,317,295	USD 1,573,000	Barclays Bank PLC	10/06/17		(15,839	)
USD 2,473,000	JPY 268,534,241	Barclays Bank PLC	10/06/17		86,197
USD 512,000	SEK 4,080,635	Barclays Bank PLC	10/06/17		10,909
DKK 6,741,468	USD 1,073,678	Barclays Bank PLC	10/06/17		(2,777	)
USD 1,203,000	JPY 131,199,360	Barclays Bank PLC	10/06/17		36,866
EUR 441,168	USD 523,000	Barclays Bank PLC	10/06/17		(1,500	)
AUD 3,572,998	USD 2,810,000	Barclays Bank PLC	10/06/17		(7,449	)
USD 691,000	JPY 77,879,625	Barclays Bank PLC	10/06/17		(1,215	)
EUR 605,465	USD 722,000	Barclays Bank PLC	10/06/17		(6,286	)
USD 774,000	JPY 86,388,385	Barclays Bank PLC	10/06/17		6,157
USD 1,572,000	NOK 12,262,036	Barclays Bank PLC	10/06/17		32,308
NOK 14,966,128	USD 1,915,000	Barclays Bank PLC	10/06/17		(35,767	)
AUD 1,184,492	USD 943,000	Barclays Bank PLC	10/06/17		(13,920	)
USD 1,531,000	NOK 12,067,860	Barclays Bank PLC	10/06/17		15,690
AUD 448,409	USD 360,000	Barclays Bank PLC	10/06/17		(8,282	)
USD 684,000	JPY 75,312,271	Barclays Bank PLC	10/06/17		14,605
EUR 899,347	USD 1,071,000	Barclays Bank PLC	10/06/17		(7,891	)
USD 728,000	EUR 607,824	Barclays Bank PLC	10/06/17		9,498
USD 1,077,000	AUD 1,357,852	Barclays Bank PLC	10/06/17		11,942
USD 2,014,337	RUB 124,252,344	Barclays Bank PLC	10/20/17		(133,307	)
USD 346,300	HUF 89,857,162	Barclays Bank PLC	10/20/17		5,335
ILS 1,035,992	USD 294,613	Barclays Bank PLC	10/20/17		(1,358	)
MXN 8,334,160	USD 462,737	Barclays Bank PLC	11/17/17		(8,514	)
USD 811,404	MYR 3,404,244	Barclays Bank PLC	12/15/17		6,116
USD 1,216,649	THB 40,198,922	Barclays Bank PLC	12/15/17		10,325
USD 2,318,000	EUR 1,953,335	Barclays Bank PLC	12/20/17		(1,007	)
USD 438,000	NZD 602,237	BNP Paribas	10/06/17		3,031
USD 555,000	NZD 774,961	BNP Paribas	10/06/17		(4,719	)
HUF 469,711,957	USD 1,860,717	BNP Paribas	10/20/17		(78,386	)
USD 481,000	NOK 3,753,669	Citibank N.A.	10/06/17		9,668
USD 112,955	GBP 84,000	Citibank N.A.	10/06/17		384
USD 48,411	GBP 36,000	Citibank N.A.	10/06/17		166
CAD 951,225	USD 774,000	Citibank N.A.	10/06/17		(11,633	)
CHF 822,881	USD 852,000	Citibank N.A.	10/06/17		(2,052	)
USD 1,004,000	NZD 1,382,661	Citibank N.A.	10/06/17		5,367
USD 855,000	CHF 827,896	Citibank N.A.	10/06/17		(128	)
USD 626,000	NZD 855,817	Citibank N.A.	10/06/17		7,883
AUD 410,636	USD 328,000	Citibank N.A.	10/06/17		(5,909	)
CAD 1,169,521	USD 949,000	Citibank N.A.	10/06/17		(11,677	)
NZD 2,061,868	USD 1,490,000	Citibank N.A.	10/06/17		(807	)
USD 1,792,000	NZD 2,485,013	Citibank N.A.	10/06/17		(2,811	)
USD 747,000	NOK 5,785,056	Citibank N.A.	10/06/17		20,595
USD 2,991,896	NOK 23,597,058	Citibank N.A.	10/06/17		28,914
USD 1,331,000	CAD 1,666,112	Citibank N.A.	10/06/17		(4,320	)
NOK 3,786,814	USD 486,000	Citibank N.A.	10/06/17		(10,506	)
EUR 331,218	USD 396,000	Citibank N.A.	10/06/17		(4,471	)
NZD 1,630,813	USD 1,174,000	Citibank N.A.	10/06/17		3,861
CAD 6,451,310	USD 5,131,222	Citibank N.A.	10/06/17		39,237
USD 618,000	CAD 770,621	Citibank N.A.	10/06/17		379
USD 1,542,000	JPY 168,484,764	Citibank N.A.	10/06/17		44,463
USD 2,326,000	EUR 1,931,442	Citibank N.A.	10/06/17		42,863
CAD 1,194,078	USD 952,000	Citibank N.A.	10/06/17		5,004
USD 1,559,931	TRY 5,498,818	Citibank N.A.	10/20/17		24,502
TRY 3,330,362	USD 956,255	Citibank N.A.	10/20/17		(26,321	)
USD 1,640,579	HUF 426,353,999	Citibank N.A.	10/20/17		22,771
PLN 2,534,156	USD 697,596	Citibank N.A.	10/20/17		(3,130	)
USD 2,043,098	HUF 542,255,780	Citibank N.A.	10/20/17		(14,502	)
USD 1,559,931	TRY 5,500,942	Citibank N.A.	10/20/17		23,908
USD 3,887,670	PLN 14,429,495	Citibank N.A.	10/20/17		(66,626	)
USD 680,820	RON 2,730,291	Citibank N.A.	10/20/17		(21,766	)
USD 461,733	CZK 10,224,329	Citibank N.A.	10/20/17		(3,792	)
USD 2,064,993	ZAR 27,432,843	Citibank N.A.	10/20/17		44,502
PLN 8,038,016	USD 2,225,604	Citibank N.A.	10/20/17		(22,845	)
TRY 7,450,030	USD 2,064,993	Citibank N.A.	10/20/17		15,272

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Currency Purchased	Currency Sold	Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
USD 1,716,656	ZAR 23,348,578	Citibank N.A.	10/20/17	$	(3,020	)
USD 303,555	CZK 6,889,917	Citibank N.A.	10/20/17		(10,151	)
ZAR 11,215,223	USD 834,035	Citibank N.A.	10/20/17		(8,008	)
USD 1,408,811	COP 4,271,936,773	Citibank N.A.	11/17/17		(37,778	)
USD 2,935,908	BRL 9,345,876	Citibank N.A.	11/17/17		3,742
SGD 648,988	USD 481,888	Citibank N.A.	12/15/17		(3,048	)
USD 1,304,129	IDR 17,446,641,317	Citibank N.A.	12/15/17		18,312
USD 109,979	PHP 5,648,082	Citibank N.A.	12/15/17		(439	)
HKD 762,813	USD 97,989	Citibank N.A.	12/15/17		(153	)
USD 4,627,000	EUR 3,927,397	Citibank N.A.	12/20/17		(35,622	)
NZD 1,590,182	USD 1,155,000	Deutsche Bank AG	10/06/17		(6,484	)
NZD 2,483,985	USD 1,800,000	Deutsche Bank AG	10/06/17		(5,931	)
GBP 2,216,338	USD 2,999,000	Deutsche Bank AG	10/06/17		(28,814	)
USD 495,000	SEK 4,023,335	Deutsche Bank AG	10/06/17		946
USD 751,000	EUR 635,055	Deutsche Bank AG	10/06/17		308
SEK 13,318,249	USD 1,636,000	Deutsche Bank AG	10/06/17		(557	)
USD 1,563,000	NZD 2,146,026	Deutsche Bank AG	10/06/17		13,024
AUD 3,088,718	USD 2,485,000	Deutsche Bank AG	10/06/17		(62,303	)
NOK 4,674,738	USD 603,000	Deutsche Bank AG	10/06/17		(16,013	)
USD 1,851,000	NZD 2,557,909	Deutsche Bank AG	10/06/17		3,539
AUD 982,991	USD 781,000	Deutsche Bank AG	10/06/17		(9,972	)
USD 823,000	CAD 1,003,117	Goldman Sachs International	10/06/17		19,043
AUD 1,199,787	USD 966,000	Goldman Sachs International	10/06/17		(24,924	)
NOK 3,059,021	USD 396,000	Goldman Sachs International	10/06/17		(11,892	)
JPY 138,365,194	USD 1,265,000	Goldman Sachs International	10/06/17		(35,174	)
AUD 2,580,365	USD 2,048,101	Goldman Sachs International	10/06/17		(24,140	)
CAD 821,547	USD 678,000	Goldman Sachs International	10/06/17		(19,564	)
RUB 42,957,506	USD 709,791	Goldman Sachs International	10/20/17		32,710
HUF 267,149,116	USD 992,101	Goldman Sachs International	10/20/17		21,601
USD 619,238	MXN 11,298,899	Goldman Sachs International	11/17/17		3,433
USD 463,051	MXN 8,427,236	Goldman Sachs International	11/17/17		3,755
USD 619,238	MXN 11,293,924	Goldman Sachs International	11/17/17		3,704
USD 1,838,906	TRY 6,870,238	HSBC Bank USA N.A.	10/20/17		(79,465	)
KRW 3,175,658,700	USD 2,810,193	HSBC Bank USA N.A.	12/15/17		(34,871	)
NZD 989,107	USD 723,000	JPMorgan Chase Bank N.A.	10/06/17		(8,613	)
EUR 2,220,619	USD 2,652,000	JPMorgan Chase Bank N.A.	10/06/17		(27,030	)
USD 641,000	NZD 873,743	JPMorgan Chase Bank N.A.	10/06/17		9,936
GBP 120,000	USD 161,391	JPMorgan Chase Bank N.A.	10/06/17		(575	)
CAD 1,368,256	USD 1,098,000	JPMorgan Chase Bank N.A.	10/06/17		(1,399	)
JPY 36,430,790	USD 324,000	JPMorgan Chase Bank N.A.	10/06/17		(194	)
CAD 1,191,983	USD 966,000	JPMorgan Chase Bank N.A.	10/06/17		(10,675	)
NOK 10,255,327	USD 1,297,000	JPMorgan Chase Bank N.A.	10/06/17		(9,282	)
USD 968,000	AUD 1,215,752	JPMorgan Chase Bank N.A.	10/06/17		14,401
USD 2,441,000	AUD 3,072,594	JPMorgan Chase Bank N.A.	10/06/17		30,950
AUD 2,757,804	USD 2,180,000	JPMorgan Chase Bank N.A.	10/06/17		(16,862	)
USD 1,358,000	AUD 1,720,245	JPMorgan Chase Bank N.A.	10/06/17		8,692
USD 744,000	CHF 718,295	JPMorgan Chase Bank N.A.	10/06/17		2,078
USD 2,261,000	EUR 1,921,816	JPMorgan Chase Bank N.A.	10/06/17		(10,758	)
EUR 667,648	USD 795,000	JPMorgan Chase Bank N.A.	10/06/17		(5,781	)
USD 934,000	GBP 691,961	JPMorgan Chase Bank N.A.	10/06/17		6,681
USD 798,000	NZD 1,095,974	JPMorgan Chase Bank N.A.	10/06/17		6,428
USD 1,330,000	EUR 1,111,602	JPMorgan Chase Bank N.A.	10/06/17		15,988
USD 855,000	GBP 632,965	JPMorgan Chase Bank N.A.	10/06/17		6,744
USD 972,000	CHF 934,959	JPMorgan Chase Bank N.A.	10/06/17		6,288
GBP 1,603,674	USD 2,150,000	JPMorgan Chase Bank N.A.	10/06/17		(864	)
USD 5,140,000	GBP 3,783,845	JPMorgan Chase Bank N.A.	10/06/17		69,146
USD 1,705,000	GBP 1,271,727	JPMorgan Chase Bank N.A.	10/06/17		718
USD 1,106,000	CAD 1,364,773	JPMorgan Chase Bank N.A.	10/06/17		12,191
USD 473,000	CHF 453,338	JPMorgan Chase Bank N.A.	10/06/17		4,750
GBP 1,445,149	USD 1,962,000	JPMorgan Chase Bank N.A.	10/06/17		(25,309	)
USD 648,000	CAD 789,756	JPMorgan Chase Bank N.A.	10/06/17		15,043
GBP 1,282,420	USD 1,695,000	JPMorgan Chase Bank N.A.	10/06/17		23,612
USD 621,000	CHF 597,932	JPMorgan Chase Bank N.A.	10/06/17		3,401
GBP 415,278	USD 552,000	JPMorgan Chase Bank N.A.	10/06/17		4,527
USD 1,004,000	NZD 1,388,164	JPMorgan Chase Bank N.A.	10/06/17		1,393
CHF 372,625	USD 390,000	JPMorgan Chase Bank N.A.	10/06/17		(5,118	)
USD 1,307,000	JPY 143,811,053	JPMorgan Chase Bank N.A.	10/06/17		28,770

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Currency Purchased	Currency Sold	Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
AUD 3,392,970	USD 2,720,000	JPMorgan Chase Bank N.A.	10/06/17	$	(58,657	)
EUR 573,043	USD 681,000	JPMorgan Chase Bank N.A.	10/06/17		(3,612	)
USD 609,000	CAD 753,777	JPMorgan Chase Bank N.A.	10/06/17		4,879
USD 2,028,000	AUD 2,537,115	JPMorgan Chase Bank N.A.	10/06/17		37,964
JPY 285,994,015	USD 2,605,000	JPMorgan Chase Bank N.A.	10/06/17		(63,010	)
CAD 581,843	USD 466,000	JPMorgan Chase Bank N.A.	10/06/17		323
USD 1,332,000	AUD 1,687,011	JPMorgan Chase Bank N.A.	10/06/17		8,760
JPY 5,013,945,202	USD 46,160,997	JPMorgan Chase Bank N.A.	10/06/17		(1,595,739	)
CHF 412,413	USD 430,115	JPMorgan Chase Bank N.A.	10/06/17		(4,136	)
CHF 2,668,536	USD 2,771,000	JPMorgan Chase Bank N.A.	10/06/17		(14,688	)
AUD 1,288,320	USD 1,023,000	JPMorgan Chase Bank N.A.	10/06/17		(12,481	)
JPY 138,218,097	USD 1,261,000	JPMorgan Chase Bank N.A.	10/06/17		(32,481	)
USD 425,000	CHF 403,383	JPMorgan Chase Bank N.A.	10/06/17		8,349
JPY 392,490,259	USD 3,646,000	JPMorgan Chase Bank N.A.	10/06/17		(157,444	)
USD 1,000,075	NZD 1,365,809	JPMorgan Chase Bank N.A.	10/06/17		13,614
USD 956,255	ZAR 12,669,533	JPMorgan Chase Bank N.A.	10/20/17		23,115
TRY 916,725	USD 255,013	JPMorgan Chase Bank N.A.	10/20/17		963
CZK 36,151,473	USD 1,674,010	JPMorgan Chase Bank N.A.	10/20/17		(27,992	)
CZK 4,030,973	USD 186,707	JPMorgan Chase Bank N.A.	10/20/17		(3,172	)
USD 622,116	CLP 405,426,840	JPMorgan Chase Bank N.A.	11/17/17		(10,694	)
USD 608,989	PEN 1,993,223	JPMorgan Chase Bank N.A.	11/17/17		(578	)
NZD 708,377	USD 513,000	Morgan Stanley Capital Services LLC	10/06/17		(1,372	)
USD 741,000	CHF 706,147	Morgan Stanley Capital Services LLC	10/06/17		11,626
AUD 1,459,017	USD 1,158,000	Morgan Stanley Capital Services LLC	10/06/17		(13,591	)
NZD 1,689,926	USD 1,221,000	Morgan Stanley Capital Services LLC	10/06/17		(444	)
CHF 983,537	USD 1,033,000	Morgan Stanley Capital Services LLC	10/06/17		(17,112	)
USD 884,000	GBP 689,803	Morgan Stanley Capital Services LLC	10/06/17		(40,427	)
USD 820,000	CAD 1,024,589	Morgan Stanley Capital Services LLC	10/06/17		(1,166	)
USD 883,000	CHF 845,189	Morgan Stanley Capital Services LLC	10/06/17		10,011
USD 725,000	SEK 5,831,842	Morgan Stanley Capital Services LLC	10/06/17		8,866
USD 2,148,000	SEK 17,122,864	Morgan Stanley Capital Services LLC	10/06/17		45,360
USD 1,367,000	SEK 10,860,869	Morgan Stanley Capital Services LLC	10/06/17		33,316
EUR 1,953,413	USD 2,345,000	Morgan Stanley Capital Services LLC	10/06/17		(35,892	)
SEK 10,857,735	USD 1,357,000	Morgan Stanley Capital Services LLC	10/06/17		(23,701	)
CHF 763,439	USD 787,000	Morgan Stanley Capital Services LLC	10/06/17		1,551
AUD 1,710,157	USD 1,343,000	Morgan Stanley Capital Services LLC	10/06/17		(1,604	)
USD 485,000	CAD 596,296	Morgan Stanley Capital Services LLC	10/06/17		7,093
USD 4,393,000	AUD 5,487,769	Morgan Stanley Capital Services LLC	10/06/17		88,560
USD 895,000	AUD 1,119,201	Morgan Stanley Capital Services LLC	10/06/17		17,133
SEK 10,804,089	USD 1,358,000	Morgan Stanley Capital Services LLC	10/06/17		(31,288	)
EUR 216,327	USD 258,000	Morgan Stanley Capital Services LLC	10/06/17		(2,282	)
USD 1,177,000	EUR 986,543	Morgan Stanley Capital Services LLC	10/06/17		10,818
NZD 1,685,554	USD 1,211,000	Morgan Stanley Capital Services LLC	10/06/17		6,399
USD 604,000	SEK 4,775,193	Morgan Stanley Capital Services LLC	10/06/17		17,620
USD 1,186,000	CAD 1,449,617	Morgan Stanley Capital Services LLC	10/06/17		24,192
CAD 1,710,532	USD 1,408,000	Morgan Stanley Capital Services LLC	10/06/17		(37,079	)
SEK 27,826,704	USD 3,457,019	Morgan Stanley Capital Services LLC	10/06/17		(39,978	)
GBP 461,551	USD 593,000	Morgan Stanley Capital Services LLC	10/06/17		25,540
GBP 7,999,137	USD 10,333,236	Morgan Stanley Capital Services LLC	10/06/17		386,666
SEK 5,374,890	USD 665,000	Morgan Stanley Capital Services LLC	10/06/17		(4,979	)
JPY 11,374,289	USD 103,000	Morgan Stanley Capital Services LLC	10/06/17		(1,902	)
NZD 855,132	USD 615,000	Morgan Stanley Capital Services LLC	10/06/17		2,623
ZAR 14,929,133	USD 1,125,520	Morgan Stanley Capital Services LLC	10/20/17		(25,955	)
ZAR 14,913,520	USD 1,125,520	Morgan Stanley Capital Services LLC	10/20/17		(27,105	)
CZK 37,805,997	USD 1,722,434	Morgan Stanley Capital Services LLC	10/20/17		(1,084	)
USD 1,640,579	CZK 36,488,839	Morgan Stanley Capital Services LLC	10/20/17		(20,799	)
EUR 37,306,539	USD 44,173,740	The Bank of New York Mellon	10/06/17		(74,080	)
CAD 1,171,965	USD 933,000	The Bank of New York Mellon	10/06/17		6,281
NOK 6,290,194	USD 813,000	The Bank of New York Mellon	10/06/17		(23,167	)
CHF 830,888	USD 872,000	The Bank of New York Mellon	10/06/17		(13,782	)
NOK 12,072,114	USD 1,548,000	The Bank of New York Mellon	10/06/17		(32,156	)
USD 472,000	GBP 359,964	The Bank of New York Mellon	10/06/17		(10,400	)
NOK 2,978,311	USD 385,000	The Bank of New York Mellon	10/06/17		(11,026	)
USD 757,000	NOK 5,943,465	The Bank of New York Mellon	10/06/17		10,704
SEK 2,550,844	USD 320,000	The Bank of New York Mellon	10/06/17		(6,764	)
USD 529,000	AUD 664,743	The Bank of New York Mellon	10/06/17		7,596
USD 584,000	EUR 488,523	The Bank of New York Mellon	10/06/17		6,522

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Currency Purchased	Currency Sold	Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
GBP 1,532,116	USD 2,068,000	The Bank of New York Mellon	10/06/17	$	(14,761	)
				$	(1,842,001	)

At September 30, 2017, the following futures contracts were outstanding for Voya Global Bond Portfolio:

Contract Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Long Contracts
30-year German Government Bond	30	12/07/17	$	5,788,677		$	(127,802	)
Australia 10-Year Bond	11	12/15/17		1,096,168			(22,831	)
Australia 3-Year Bond	36	12/15/17		3,135,456			(14,778	)
Canada 10-Year Bond	26	12/18/17		2,819,315			(57,275	)
Euro-Bobl 5-Year	69	12/07/17		10,697,813			(46,081	)
Euro-Bund	40	12/07/17		7,611,866			(77,934	)
Euro-Schatz	125	12/07/17		16,565,713			(13,368	)
Long Gilt	35	12/27/17		5,809,962			(150,622	)
Short Gilt	13	12/27/17		1,811,677			(10,081	)
U.S. Treasury 2-Year Note	26	12/29/17		5,608,281			(15,080	)
U.S. Treasury Long Bond	16	12/19/17		2,445,000			(45,908	)
U.S. Treasury Ultra Long Bond	14	12/19/17		2,311,750			(44,097	)
			$	65,701,678		$	(625,857	)
Short Contracts
Japan 10-Year Bond (TSE)	(4)	12/13/17		(5,344,590	)		34,435
U.S. Treasury 10-Year Note	(29)	12/19/17		(3,634,063	)		41,403
U.S. Treasury 5-Year Note	(63)	12/29/17		(7,402,500	)		56,002
U.S. Treasury Ultra 10-Year Note	(69)	12/19/17		(9,268,641	)		124,384
			$	(25,649,794	)	$	256,224

At September 30, 2017, the following centrally cleared interest rate swaps were outstanding for Voya Global Bond Portfolio:

Pay/Receive Floating Rate	Floating Rate Index	Fixed Rate			Maturity Date	Notional Amount		Fair Value			Unrealized Appreciation/ (Depreciation)
Pay	3-month CAD-CDOR		2.960	%	11/21/44	CAD	1,000,000	$	44,120		$	36,195
Pay	6-month EUR-EURIBOR		0.294		02/10/23	EUR	2,400,000		(119	)		1,165
Pay	6-month EUR-EURIBOR		0.325		02/16/23	EUR	100,000		181			224
Pay	6-month EUR-EURIBOR		0.155		09/14/47	EUR	11,400,000		125,770			125,134
Pay	6-month EUR-EURIBOR		0.157		09/22/47	EUR	1,800,000		14,082			12,959
Pay	6-month EUR-EURIBOR		0.160		09/29/47	EUR	3,200,000		(11,237	)		(11,274	)
Pay	6-month GBP-LIBOR		2.899		08/22/44	GBP	2,000,000		755,235			869,948
Pay	6-month JPY-LIBOR		(0.165	)	07/14/18	JPY	619,500,000		(7,743	)		(9,003	)
Pay	6-month JPY-LIBOR		(0.105	)	03/07/21	JPY	750,000,000		(38,711	)		(40,273	)
Pay	6-month JPY-LIBOR		(0.199	)	07/14/21	JPY	512,300,000		(47,273	)		(50,632	)
Pay	6-month JPY-LIBOR		(0.020	)	03/07/23	JPY	750,000,000		(50,820	)		(50,772	)
Pay	6-month JPY-LIBOR		0.754		05/21/24	JPY	1,855,000,000		647,384			629,904
Pay	6-month JPY-LIBOR		0.558		02/24/25	JPY	1,084,559,370		262,177			238,421
Pay	6-month JPY-LIBOR		(0.092	)	07/14/26	JPY	652,900,000		(173,946	)		(181,428	)
Pay	6-month JPY-LIBOR		0.387		03/02/31	JPY	7,700,000		(698	)		(615	)
Pay	6-month JPY-LIBOR		0.360		03/03/31	JPY	867,000,000		(106,417	)		(96,586	)
Pay	6-month JPY-LIBOR		0.623		03/02/36	JPY	6,200,000		(699	)		(620	)
Pay	6-month JPY-LIBOR		0.585		03/03/36	JPY	693,000,000		(119,951	)		(110,414	)
Pay	6-month JPY-LIBOR		1.289		02/04/45	JPY	1,015,000,000		934,174			891,673
Pay	3-month USD-LIBOR		0.191		09/18/24	USD	1,400,000		11,275			11,275
Pay	3-month USD-LIBOR		1.837		04/04/31	USD	1,500,000		(89,453	)		(89,453	)
Pay	3-month USD-LIBOR		2.036		04/04/46	USD	900,000		(83,035	)		(83,035	)
Pay	3-month USD-LIBOR		0.245		09/20/47	USD	2,100,000		34,892			34,892
Pay	3-month USD-LIBOR		0.252		09/29/47	USD	5,670,000		16,125			16,125
Pay	3-month USD-LIBOR		0.255		10/02/47	USD	8,200,000		(32,529	)		(32,529	)
Receive	6-month EUR-EURIBOR		(0.123	)	02/11/19	EUR	200,000		(332	)		(312	)
Receive	6-month EUR-EURIBOR		(0.095	)	02/16/19	EUR	100,000		(212	)		(200	)
Receive	6-month EUR-EURIBOR		0.056		02/10/21	EUR	100,000		(205	)		(217	)
Receive	6-month EUR-EURIBOR		0.019		09/14/22	EUR	56,800,000		(170,042	)		(170,790	)
Receive	6-month EUR-EURIBOR		0.025		09/29/22	EUR	16,100,000		2,202			2,223
Receive	6-month EUR-EURIBOR		0.088		09/22/27	EUR	9,200,000		(20,548	)		(19,615	)
Receive	6-month EUR-EURIBOR		1.143		02/04/46	EUR	500,000		63,906			58,437

Pay/Receive Floating Rate	Floating Rate Index	Fixed Rate			Maturity Date	Notional Amount		Fair Value			Unrealized Appreciation/ (Depreciation)
Receive	6-month JPY-LIBOR		(0.030	)%	03/02/23	JPY	15,400,000	$	1,112		$	1,111
Receive	6-month JPY-LIBOR		(0.044	)	03/03/23	JPY	1,733,000,000		136,761			136,335
Receive	6-month JPY-LIBOR		0.119		03/02/26	JPY	10,900,000		922			870
Receive	6-month JPY-LIBOR		0.103		03/03/26	JPY	1,231,000,000		118,768			112,576
Receive	6-month JPY-LIBOR		0.373		03/07/31	JPY	350,000,000		38,029			34,108
Receive	6-month JPY-LIBOR		0.178		07/14/36	JPY	326,600,000		282,813			291,333
Receive	6-month JPY-LIBOR		1.443		02/24/45	JPY	468,636,765		(598,020	)		(570,299	)
Receive	6-month JPY-LIBOR		0.233		07/14/46	JPY	172,300,000		283,177			293,263
Receive	3-month USD-LIBOR		0.702		04/04/18	USD	36,500,000		122,027			122,027
Receive	3-month USD-LIBOR		0.826		04/04/19	USD	13,000,000		143,216			143,216
Receive	3-month USD-LIBOR		0.900		09/14/19	USD	5,000,000		70,727			70,727
Receive	3-month USD-LIBOR		0.983		10/31/19	USD	5,000,000		67,427			67,427
Receive	3-month USD-LIBOR		1.689		03/07/20	USD	7,000,000		(379	)		(379	)
Receive	3-month USD-LIBOR		1.079		04/04/21	USD	7,500,000		184,751			184,751
Receive	3-month USD-LIBOR		1.113		10/11/21	USD	3,500,000		99,905			99,905
Receive	3-month USD-LIBOR		1.964		03/07/22	USD	2,000,000		(8,753	)		(8,753	)
Receive	3-month USD-LIBOR		1.853		07/05/22	USD	5,000,000		8,105			8,105
Receive	3-month USD-LIBOR		1.313		04/04/23	USD	6,000,000		203,320			203,320
Receive	3-month USD-LIBOR		1.980		12/05/23	USD	3,500,000		4,855			4,855
Receive	3-month USD-LIBOR		1.454		10/11/26	USD	1,200,000		72,062			72,062
Receive	3-month USD-LIBOR		1.719		11/14/26	USD	2,500,000		96,891			96,891
Receive	3-month USD-LIBOR		2.188		04/04/46	USD	900,000		72,281			72,281
Receive	3-month USD-LIBOR		0.244		09/19/47	USD	4,300,000		(84,648	)		(84,648	)
Receive	3-month USD-LIBOR		0.246		09/22/47	USD	4,300,000		(61,353	)		(61,353	)
Receive	3-month USD-LIBOR		0.255		10/02/47	USD	7,600,000		36,202			36,202
								$	3,247,751		$	3,306,740

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the following over-the-counter purchased foreign currency options were outstanding for Voya Global Bond Portfolio:

Description	Counterparty	Expiration Date	Exercise Price		Notional Amount		Cost		Fair Value
Put USD vs. Call JPY	Bank of America N.A.	10/10/17		103.000	USD	23,700,000	$	47,637	$	258
							$	47,637	$	258

At September 30, 2017, the following over-the-counter purchased interest rate swaptions were outstanding for Voya Global Bond Portfolio:

Description	Counterparty	Exercise Rate			Pay/ Receive Exercise Rate	Floating Rate Index	Expiration Date	Notional Amount		Cost		Fair Value
Call on 30-Year Interest Rate Swap	Royal Bank of Scotland PLC		1.640	%	Receive	6-month EUR-EURIBOR	07/19/2018	EUR	30,600,000	$	1,873,403	$	1,657,938
Call on 30-Year Interest Rate Swap	Bank of America N.A.		2.140	%	Receive	3-month USD-LIBOR	10/10/2017	USD	18,900,000		66,150		12
Put on 10-Year Interest Rate Swap	Barclays Bank PLC		2.350	%	Pay	3-month USD-LIBOR	11/29/2017	USD	61,600,000		236,923		417,779
Put on 10-Year Interest Rate Swap	Barclays Bank PLC		2.597	%	Pay	3-month USD-LIBOR	10/13/2017	USD	61,100,000		242,637		829
Put on 10-Year Interest Rate Swap	Deutsche Bank AG		2.294	%	Pay	3-month USD-LIBOR	12/07/2017	USD	61,600,000		227,446		617,158
Put on 10-Year Interest Rate Swap	Deutsche Bank AG		2.550	%	Pay	3-month USD-LIBOR	12/28/2017	USD	61,600,000		241,662		229,017
Put on 10-Year Interest Rate Swap	Goldman Sachs International		2.522	%	Pay	3-month USD-LIBOR	09/29/2017	USD	61,100,000		251,274		–
Put on 30-Year Interest Rate Swap	Royal Bank of Scotland PLC		1.640	%	Pay	6-month EUR-EURIBOR	07/19/2018	EUR	30,600,000		1,873,404		2,033,803
Put on 30-Year Interest Rate Swap	Bank of America N.A.		2.563	%	Pay	3-month USD-LIBOR	10/05/2017	USD	18,900,000	$	49,140	$	58,232
										$	5,062,039	$	5,014,768

At September 30, 2017, the following over-the-counter written interest rate swaptions were outstanding for Voya Global Bond Portfolio:

Description	Counterparty	Exercise Rate			Pay/ Receive Exercise Rate	Floating Rate Index	Expiration Date	Notional Amount		Premiums Received		Fair Value
Call on 10-Year Interest Rate Swap	Royal Bank of Scotland PLC		1.146	%	Pay	6-month EUR-EURIBOR	07/19/2018	EUR	75,200,000	$	1,759,367	$	(1,832,189	)
Call on 10-Year Interest Rate Swap	Barclays Bank PLC		1.850	%	Pay	3-month USD-LIBOR	11/29/2017	USD	61,600,000		247,703		(31,530	)
Call on 10-Year Interest Rate Swap	Barclays Bank PLC		2.097	%	Pay	3-month USD-LIBOR	10/13/2017	USD	61,100,000		235,000		(13,509	)
Call on 10-Year Interest Rate Swap	Deutsche Bank AG		1.794	%	Pay	3-month USD-LIBOR	12/07/2017	USD	61,600,000		249,006		(29,693	)
Call on 10-Year Interest Rate Swap	Deutsche Bank AG		2.100	%	Pay	3-month USD-LIBOR	12/28/2017	USD	61,600,000		244,031		(256,448	)
Put on 10-Year Interest Rate Swap	Royal Bank of Scotland PLC		1.146	%	Receive	6-month EUR-EURIBOR	07/19/2018	EUR	75,200,000		1,759,367		(1,501,586	)
										$	4,494,474	$	(3,664,955	)

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the following over-the-counter written interest rate caps were outstanding for Voya Global Bond Portfolio:

Description	Counterparty	Exercise Rate			Pay/Receive Exercise Rate	Floating Rate Index	Expiration Date	Notional Amount		Premiums Received		Fair Value
Put OTC Option	Goldman Sachs International		1.280	%	Receive	6-month EUR-EURIBOR	10/24/17	EUR	355,300,000	$	188,679	$	(312,242	)
										$	188,679	$	(312,242	)

At September 30, 2017, the following over-the-counter written interest rate floors were outstanding for Voya Global Bond Portfolio:

Description	Counterparty	Exercise Rate		Pay/Receive Exercise Rate	Floating Rate Index	Expiration Date	Notional Amount			Premiums Received		Fair Value
Put OTC Option	Goldman Sachs International	1.280	%	Receive	6-month EUR-EURIBOR	10/24/17	EUR	355,300,000	$	188,679	$	(11,629	)
									$	188,679	$	(11,629	)

Currency Abbreviations
AUD	-	Australian Dollar
BRL	-	Brazilian Real
CAD	-	Canadian Dollar
CHF	-	Swiss Franc
CLP	-	Chilean Peso
COP	-	Colombian Peso
CZK	-	Czech Koruna
DKK	-	Danish Krone
EUR	-	EU Euro
GBP	-	British Pound
HKD	-	Hong Kong Sar Dollar
HUF	-	Hungarian Forint
IDR	-	Indonesian Rupiah
ILS	-	Israeli New Shekel
JPY	-	Japanese Yen
KRW	-	South Korean Won
MXN	-	Mexican Peso
MYR	-	Malaysian Ringgit
NOK	-	Norwegian Krone
NZD	-	New Zealand Dollar
PEN	-	Peruvian Nuevo Sol
PHP	-	Philippine Peso
PLN	-	Polish Zloty
RON	-	Romanian New Leu
RUB	-	Russian Ruble
SEK	-	Swedish Krona
SGD	-	Singapore Dollar
THB	-	Thai Baht
TRY	-	Turkish Lira
USD	-	United States Dollar
ZAR	-	South African Rand

Voya Global Bond Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

A summary of derivative instruments by primary risk exposure is outlined in the following tables.

The fair value of derivative instruments as of September 30, 2017 was as follows:

Derivatives not accounted for as hedging instruments		Fair Value
Asset Derivatives	Instrument Type
Interest rate contracts	Purchased Options	$	5,014,768
Foreign exchange contracts	Purchased Options		258
Foreign exchange contracts	Forward foreign currency contracts		1,811,016
Interest rate contracts	Futures contracts		256,224
Interest rate contracts	Interest rate swaps		4,979,940
Total Asset Derivatives		$	12,062,206
Liability Derivatives	Instrument Type
Foreign exchange contracts	Forward foreign currency contracts	$	3,653,017
Interest rate contracts	Futures contracts		625,857
Interest rate contracts	Interest rate swaps		1,673,200
Interest rate contracts	Written options		3,988,826
Total Liability Derivatives		$	9,940,900

The following is a summary by counterparty of the fair value of OTC derivative instruments subject to Master Netting Agreements and collateral pledged (received), if any, at September 30, 2017:

	Bank of America N.A.		Barclays Bank PLC			BNP Paribas			Citibank N.A.		Deutsche Bank AG			Goldman Sachs International			HSBC Bank USA N.A.			JPMorgan Chase Bank N.A.			Morgan Stanley Capital Services LLC			Royal Bank of Scotland PLC		The Bank of New York Mellon			Totals
Assets:
Purchased options	$	58,502	$	418,608		$	-		$	-	$	846,175		$	-		$	-		$	-		$	-		$	3,691,741	$	-		$	5,015,026
Forward foreign currency contracts		-		245,948			3,031			361,793		17,817			84,246			-			369,704			697,374			-		31,103			1,811,016
Total Assets	$	58,502	$	664,556		$	3,031		$	361,793	$	863,992		$	84,246		$	-		$	369,704		$	697,374		$	3,691,741	$	31,103		$	6,826,042
Liabilities:
Forward foreign currency contracts	$	-	$	277,253		$	83,105		$	311,515	$	130,074		$	115,694		$	114,336		$	2,107,144		$	327,760		$	-	$	186,136		$	3,653,017
Written options		-		45,039			-			-		286,141			323,871			-			-			-			3,333,775		-			3,988,826
Total Liabilities	$	-	$	322,292		$	83,105		$	311,515	$	416,215		$	439,565		$	114,336		$	2,107,144		$	327,760		$	3,333,775	$	186,136		$	7,641,843
Net OTC derivative instruments by counterparty, at fair value	$	58,502	$	342,264		$	(80,074	)	$	50,278	$	447,777		$	(355,319	)	$	(114,336	)	$	(1,737,440	)	$	369,614		$	357,966	$	(155,033	)	$	(815,801	)
Total collateral pledged by the Portfolio/(Received from counterparty)	$	-	$	(342,264	)	$	-		$	-	$	(447,777	)	$	355,319		$	-		$	1,300,000		$	(369,614	)	$	-	$	-		$	495,664
Net Exposure(1)(2)	$	58,502	$	-		$	(80,074	)	$	50,278	$	-		$	-		$	(114,336	)	$	(437,440	)	$	-		$	357,966	$	(155,033	)	$	(320,137	)

⁽¹⁾ Positive net exposure represents amounts due from each respective counterparty. Negative exposure represents amounts due from the Portfolio.

⁽²⁾ At September 30, 2017, the Portfolio had received $410,000, $500,000 and $410,000 in cash collateral from Barclays Bank PLC, Deutsche Bank AG and Morgan Stanley Capital Services LLC, respectively. In addition, the Portfolio had pledged $420,000 in cash collateral to Goldman Sachs International. Excess cash collateral is not shown for financial reporting purposes.

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $246,511,035.

Net unrealized depreciation consisted of:

Gross Unrealized Appreciation	$	13,688,117
Gross Unrealized Depreciation		(14,236,097	)
Net Unrealized Depreciation	$	(547,980	)

	PORTFOLIO OF INVESTMENTS
Voya Index Solution Income Portfolio	as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 15.3%
	162,990		iShares 1-3 Year Treasury Bond ETF	$	13,764,506		2.9
	110,620		iShares MSCI EMU Index Fund		4,792,058		1.0
	74,844		iShares Russell 1000 Growth Index Fund		9,359,991		2.0
	19,960		iShares Russell 1000 Value Index Fund		2,365,460		0.5
	994,955		PowerShares Senior Loan Portfolio		23,043,158		4.9
	247,548		SPDR Bloomberg Barclays High Yield Bond ETF		9,238,491		2.0
	118,574		SPDR Dow Jones International Real Estate		4,550,870		1.0
	55,058		Vanguard REIT		4,574,769		1.0
		Total Exchange-Traded Funds
		(Cost $72,614,131)			71,689,303		15.3
MUTUAL FUNDS: 84.5%
			Affiliated Investment Companies: 83.0%
	1,151,983		Voya Emerging Markets Index Portfolio Class P2		13,881,400		2.9
	3,231,612		Voya International Index Portfolio Class P2		33,511,815		7.1
	936,267		Voya Russell Mid Cap Index Portfolio Class P2		14,399,780		3.1
	23,203,315		Voya U.S. Bond Index Portfolio Class P2		246,419,206		52.6
	5,412,388		Voya U.S. Stock Index Portfolio Class P2		80,915,195		17.3
					389,127,396		83.0
			Unaffiliated Investment Companies: 1.5%
	1,418,267	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		7,006,239		1.5
		Total Mutual Funds
		(Cost $387,564,091)			396,133,635		84.5
		Total Investments in Securities (Cost $460,178,222)		$	467,822,938		99.8
		Assets in Excess of Other Liabilities			802,465		0.2
		Net Assets		$	468,625,403		100.0

(1) Non-income producing security.

	PORTFOLIO OF INVESTMENTS
Voya Index Solution Income Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	71,689,303		$	–	$	–	$	71,689,303
Mutual Funds		396,133,635			–		–		396,133,635
Total Investments, at fair value	$	467,822,938		$	–	$	–	$	467,822,938
Other Financial Instruments+
Futures		19,792			–		–		19,792
Total Assets	$	467,842,730		$	–	$	–	$	467,842,730
Liabilities Table
Other Financial Instruments+
Futures	$	(96,859	)	$	–	$	–	$	(96,859	)
Total Liabilities	$	(96,859	)	$	–	$	–	$	(96,859	)

+ Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) 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 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio Class P2	$	-	$	14,220,086	$	(1,498,793	)	$	1,160,107		$	13,881,400	$	141,706	$	140,990		$	-
Voya International Index Portfolio - Class I		24,909,003		5,855,737		(32,297,788	)		1,533,048			-		-		(203,369	)		-
Voya International Index Portfolio Class P2		-		32,582,132		(2,416,149	)		3,345,832			33,511,815		735,182		(38,463	)		-
Voya Russell Mid Cap Index Portfolio Class P2		-		14,254,805		(434,098	)		579,073			14,399,780		190,516		45,846			873,065
Voya RussellTM Mid Cap Index Portfolio - Class I		12,264,095		1,206,765		(13,039,810	)		(431,050	)		-		-		167,004			-
Voya U.S. Bond Index Portfolio - Class I		217,261,578		30,708,187		(251,084,193	)		3,114,428			-		1,734,348		149,843			-
Voya U.S. Bond Index Portfolio Class P2		-		258,139,174		(10,197,649	)		(1,522,319	)		246,419,206		2,515,959		189,646			623,038
Voya U.S. Stock Index Portfolio - Class I		94,857,296		10,738,903		(105,120,059	)		(476,140	)		-		-		616,603			-
Voya U.S. Stock Index Portfolio Class P2		-		88,284,635		(13,060,149	)		5,690,709			80,915,195		203,547		1,860,279			3,935,425
	$	349,291,972	$	455,990,424	$	(429,148,688	)	$	12,993,688		$	389,127,396	$	5,521,258	$	2,928,379		$	5,431,528

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

At September 30, 2017, the following futures contracts were outstanding for Voya Index Solution Income Portfolio:

Contract Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Long Contracts
Tokyo Price Index (TOPIX)	63	12/07/17	$	9,377,916		$	19,792
			$	9,377,916		$	19,792
Short Contracts
Mini MSCI EAFE Index	(95)	12/15/17		(9,397,400	)		(96,859	)
			$	(9,397,400	)	$	(96,859	)

A summary of derivative instruments by primary risk exposure is outlined in the following table.

The fair value of derivative instruments as of September 30, 2017 were as follows:

Derivatives not accounted for as hedging instruments

		Fair Value
Asset Derivatives	Instrument Type
Equity contracts	Futures contracts	$	19,792
Total Asset Derivatives		$	19,792
Liability Derivatives	Instrument Type
Equity contracts	Futures contracts	$	96,859
Total Liability Derivatives		$	96,859

	PORTFOLIO OF INVESTMENTS
Voya Index Solution Income Portfolio	as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $469,634,630.

Net unrealized depreciation consisted of:

Gross Unrealized Appreciation	$	11,393,059
Gross Unrealized Depreciation		(13,262,054	)
Net Unrealized Depreciation	$	(1,868,995	)

Voya Index Solution 2020 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 15.3%
	47,791		iShares 1-3 Year Treasury Bond ETF	$	4,035,950		1.9
	15,857		iShares Barclays 20+ Year Treasury Bond Fund		1,978,319		0.9
	48,653		iShares MSCI EMU Index Fund		2,107,648		1.0
	32,918		iShares Russell 1000 Growth Index Fund		4,116,725		1.9
	17,557		iShares Russell 1000 Value Index Fund		2,080,680		1.0
	437,601		PowerShares Senior Loan Portfolio		10,134,839		4.8
	108,876		SPDR Bloomberg Barclays High Yield Bond ETF		4,063,252		1.9
	52,151		SPDR Dow Jones International Real Estate		2,001,556		0.9
	24,216		Vanguard REIT		2,012,108		1.0
		Total Exchange-Traded Funds
		(Cost $32,231,940)			32,531,077		15.3
MUTUAL FUNDS: 84.4%
			Affiliated Investment Companies: 82.9%
	605,786		Voya Emerging Markets Index Portfolio Class P2		7,299,717		3.4
	2,292,002		Voya International Index Portfolio Class P2		23,768,062		11.2
	421,862		Voya Russell Mid Cap Index Portfolio Class P2		6,488,239		3.1
	437,113		Voya Russell Small Cap Index Portfolio Class P2		6,639,740		3.1
	7,160,352		Voya U.S. Bond Index Portfolio Class P2		76,042,939		35.7
	3,756,430		Voya U.S. Stock Index Portfolio Class P2		56,158,623		26.4
					176,397,320		82.9
			Unaffiliated Investment Companies: 1.5%
	627,518	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		3,099,939		1.5
		Total Mutual Funds
		(Cost $173,892,320)			179,497,259		84.4
		Total Investments in Securities (Cost $206,124,260)		$	212,028,336		99.7
		Assets in Excess of Other Liabilities			712,030		0.3
		Net Assets		$	212,740,366		100.0

(1) Non-income producing security.

Voya Index Solution 2020 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	32,531,077		$	–	$	–	$	32,531,077
Mutual Funds		179,497,259			–		–		179,497,259
Total Investments, at fair value	$	212,028,336		$	–	$	–	$	212,028,336
Other Financial Instruments+
Futures		9,111			–		–		9,111
Total Assets	$	212,037,447		$	–	$	–	$	212,037,447
Liabilities Table
Other Financial Instruments+
Futures	$	(43,842	)	$	–	$	–	$	(43,842	)
Total Liabilities	$	(43,842	)	$	–	$	–	$	(43,842	)

+ Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) 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 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio Class P2	$	-	$	7,446,891	$	(703,879	)	$	556,705		$	7,299,717	$	65,293	$	66,500		$	-
Voya International Index Portfolio - Class I		11,606,868		6,029,411		(17,487,765	)		(148,514	)		-		-		173,766			-
Voya International Index Portfolio Class P2		-		22,733,483		(1,440,353	)		2,474,932			23,768,062		426,857		287,692			-
Voya Russell Mid Cap Index Portfolio Class P2		-		6,550,920		(194,578	)		131,897			6,488,239		71,015		6,829			325,437
Voya Russell Small Cap Index Portfolio Class P2		-		6,614,162		(253,576	)		279,154			6,639,740		51,570		32,830			330,130
Voya RussellTM Mid Cap Index Portfolio - Class I		4,088,701		2,109,889		(6,055,943	)		(142,647	)		-		-		177,620			-
Voya RussellTM Small Cap Index Portfolio - Class I		2,067,165		2,548,707		(4,437,440	)		(178,432	)		-		-		10,786			-
Voya U.S. Bond Index Portfolio - Class I		35,191,642		25,092,532		(61,108,834	)		824,660			-		343,960		(179,899	)		-
Voya U.S. Bond Index Portfolio Class P2		-		83,055,689		(6,988,019	)		(24,731	)		76,042,939		705,360		(181,411	)		168,348
Voya U.S. Stock Index Portfolio - Class I		31,334,504		18,896,099		(49,961,899	)		(268,704	)		-		-		530,290			-
Voya U.S. Stock Index Portfolio Class P2		-		61,988,142		(8,007,729	)		2,178,210			56,158,623		132,510		794,953			2,358,625
	$	84,288,880	$	243,065,925	$	(156,640,015	)	$	5,682,530		$	176,397,320	$	1,796,565	$	1,719,955		$	3,182,541

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

At September 30, 2017, the following futures contracts were outstanding for Voya Index Solution 2020 Portfolio:

Contract Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Long Contracts
Tokyo Price Index (TOPIX)	29	12/07/17	$	4,316,818		$	9,111
			$	4,316,818		$	9,111
Short Contracts
Mini MSCI EAFE Index	(43)	12/15/17		(4,253,560	)		(43,842	)
			$	(4,253,560	)	$	(43,842	)

A summary of derivative instruments by primary risk exposure is outlined in the following table.

The fair value of derivative instruments as of September 30, 2017 were as follows:

Derivatives not accounted for as hedging instruments

		Fair Value
Asset Derivatives	Instrument Type
Equity contracts	Futures contracts	$	9,111
Total Asset Derivatives		$	9,111
Liability Derivatives	Instrument Type
Equity contracts	Futures contracts	$	43,842
Total Liability Derivatives		$	43,842

Voya Index Solution 2020 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $206,587,196.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	6,017,144
Gross Unrealized Depreciation		(601,637	)
Net Unrealized Appreciation	$	5,415,507

	PORTFOLIO OF INVESTMENTS
Voya Index Solution 2025 Portfolio	as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 15.5%
	177,497		iShares 1-3 Year Treasury Bond ETF	$	14,989,622		1.9
	58,892		iShares Barclays 20+ Year Treasury Bond Fund		7,347,366		0.9
	180,698		iShares MSCI EMU Index Fund		7,827,837		1.0
	122,259		iShares Russell 1000 Growth Index Fund		15,289,710		2.0
	65,208		iShares Russell 1000 Value Index Fund		7,727,800		1.0
	1,625,266		PowerShares Senior Loan Portfolio		37,641,161		4.8
	404,371		SPDR Bloomberg Barclays High Yield Bond ETF		15,091,126		1.9
	193,692		SPDR Dow Jones International Real Estate		7,433,899		1.0
	89,938		Vanguard REIT		7,472,948		1.0
		Total Exchange-Traded Funds
		(Cost $120,881,199)			120,821,469		15.5
MUTUAL FUNDS: 84.3%
			Affiliated Investment Companies: 82.8%
	3,161,930		Voya Emerging Markets Index Portfolio Class P2		38,101,260		4.9
	10,641,844		Voya International Index Portfolio Class P2		110,355,924		14.2
	2,312,485		Voya Russell Mid Cap Index Portfolio Class P2		35,566,024		4.5
	1,608,225		Voya Russell Small Cap Index Portfolio Class P2		24,428,940		3.1
	17,433,501		Voya U.S. Bond Index Portfolio Class P2		185,143,783		23.8
	16,830,973		Voya U.S. Stock Index Portfolio Class P2		251,623,043		32.3
					645,218,974		82.8
			Unaffiliated Investment Companies: 1.5%
	2,317,009	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		11,446,026		1.5
		Total Mutual Funds
		(Cost $626,214,909)			656,665,000		84.3
		Total Investments in Securities (Cost $747,096,108)		$	777,486,469		99.8
		Assets in Excess of Other Liabilities			1,404,989		0.2
		Net Assets		$	778,891,458		100.0

(1) Non-income producing security.

	PORTFOLIO OF INVESTMENTS
Voya Index Solution 2025 Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	120,821,469		$	–	$	–	$	120,821,469
Mutual Funds		656,665,000			–		–		656,665,000
Total Investments, at fair value	$	777,486,469		$	–	$	–	$	777,486,469
Other Financial Instruments+
Futures		32,672			–		–		32,672
Total Assets	$	777,519,141		$	–	$	–	$	777,519,141
Liabilities Table
Other Financial Instruments+
Futures	$	(160,072	)	$	–	$	–	$	(160,072	)
Total Liabilities	$	(160,072	)	$	–	$	–	$	(160,072	)

+ Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) 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 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	17,455,119	$	8,055,083	$	(25,797,413	)	$	287,211		$	-	$	-	$	241,909		$	-
Voya Emerging Markets Index Portfolio Class P2		-		36,204,384		(2,655,131	)		4,552,007			38,101,260		436,191		992,079			-
Voya International Index Portfolio - Class I		83,260,465		9,389,716		(95,935,541	)		3,285,360			-		-		767,900			-
Voya International Index Portfolio Class P2		-		103,511,079		(4,142,893	)		10,987,738			110,355,924		2,264,503		522,706			-
Voya Russell Mid Cap Index Portfolio Class P2		-		34,413,003		(479,439	)		1,632,460			35,566,024		442,403		53,984			2,027,366
Voya Russell Small Cap Index Portfolio Class P2		-		23,739,008		(577,268	)		1,267,200			24,428,940		217,344		(66,653	)		1,391,338
Voya RussellTM Mid Cap Index Portfolio - Class I		40,955,269		4,973,804		(45,950,556	)		21,483			-		-		(18,166	)		-
Voya RussellTM Small Cap Index Portfolio - Class I		17,773,004		2,494,443		(19,732,024	)		(535,423	)		-		-		(13,783	)		-
Voya U.S. Bond Index Portfolio - Class I		133,969,556		31,091,430		(167,824,034	)		2,763,048			-		1,116,987		(144,314	)		-
Voya U.S. Bond Index Portfolio Class P2		-		195,047,765		(8,695,758	)		(1,208,224	)		185,143,783		1,831,124		(162,365	)		448,217
Voya U.S. Stock Index Portfolio - Class I		184,081,327		43,152,499		(230,245,635	)		3,011,809			-		-		(386,985	)		-
Voya U.S. Stock Index Portfolio Class P2		-		261,357,328		(23,734,288	)		14,000,003			251,623,043		591,518		(144,908	)		11,436,536
	$	477,494,740	$	753,429,542	$	(625,769,980	)	$	40,064,672		$	645,218,974	$	6,900,070	$	1,641,404		$	15,303,457

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

At September 30, 2017, the following futures contracts were outstanding for Voya Index Solution 2025 Portfolio:
Contract Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Long Contracts
Tokyo Price Index (TOPIX)	104	12/07/17	$	15,481,004		$	32,672
			$	15,481,004		$	32,672
Short Contracts
Mini MSCI EAFE Index	(157)	12/15/17		(15,530,440	)		(160,072	)
			$	(15,530,440	)	$	(160,072	)

A summary of derivative instruments by primary risk exposure is outlined in the following table.

The fair value of derivative instruments as of September 30, 2017 were as follows:

Derivatives not accounted for as hedging instruments

		Fair Value
Asset Derivatives	Instrument Type
Equity contracts	Futures contracts	$	32,672
Total Asset Derivatives		$	32,672
Liability Derivatives	Instrument Type
Equity contracts	Futures contracts	$	160,072
Total Liability Derivatives		$	160,072

	PORTFOLIO OF INVESTMENTS
Voya Index Solution 2025 Portfolio	as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $754,775,502.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	33,708,330
Gross Unrealized Depreciation		(11,092,137	)
Net Unrealized Appreciation	$	22,616,193

Voya Index Solution 2030 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 14.2%
	18,436		iShares Barclays 20+ Year Treasury Bond Fund	$	2,300,075		0.9
	56,566		iShares MSCI EMU Index Fund		2,450,439		1.0
	38,272		iShares Russell 1000 Growth Index Fund		4,786,296		1.9
	20,413		iShares Russell 1000 Value Index Fund		2,419,145		1.0
	508,779		PowerShares Senior Loan Portfolio		11,783,322		4.7
	126,586		SPDR Bloomberg Barclays High Yield Bond ETF		4,724,190		1.9
	90,951		SPDR Dow Jones International Real Estate		3,490,699		1.4
	42,232		Vanguard REIT		3,509,057		1.4
		Total Exchange-Traded Funds
		(Cost $35,130,506)			35,463,223		14.2
MUTUAL FUNDS: 85.5%
			Affiliated Investment Companies: 84.1%
	1,219,739		Voya Emerging Markets Index Portfolio Class P2		14,697,857		5.9
	4,147,296		Voya International Index Portfolio Class P2		43,007,456		17.2
	822,842		Voya Russell Mid Cap Index Portfolio Class P2		12,655,314		5.1
	684,111		Voya Russell Small Cap Index Portfolio Class P2		10,391,646		4.1
	3,545,086		Voya U.S. Bond Index Portfolio Class P2		37,648,813		15.0
	6,171,095		Voya U.S. Stock Index Portfolio Class P2		92,257,874		36.8
					210,658,960		84.1
			Unaffiliated Investment Companies: 1.4%
	724,100	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		3,577,052		1.4
		Total Mutual Funds
		(Cost $204,294,061)			214,236,012		85.5
		Total Investments in Securities (Cost $239,424,567)		$	249,699,235		99.7
		Assets in Excess of Other Liabilities			805,926		0.3
		Net Assets		$	250,505,161		100.0

(1) Non-income producing security.

Voya Index Solution 2030 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	35,463,223		$	–	$	–	$	35,463,223
Mutual Funds		214,236,012			–		–		214,236,012
Total Investments, at fair value	$	249,699,235		$	–	$	–	$	249,699,235
Other Financial Instruments+
Futures		10,367			–		–		10,367
Total Assets	$	249,709,602		$	–	$	–	$	249,709,602
Liabilities Table
Other Financial Instruments+
Futures	$	(50,978	)	$	–	$	–	$	(50,978	)
Total Liabilities	$	(50,978	)	$	–	$	–	$	(50,978	)

+ Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) 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 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	3,699,534	$	4,185,013	$	(8,004,473	)	$	119,926		$	-	$	-	$	10,082		$	-
Voya Emerging Markets Index Portfolio Class P2		-		14,174,049		(1,026,401	)		1,550,209			14,697,857		137,850		199,878			-
Voya International Index Portfolio - Class I		15,656,821		12,064,639		(27,528,864	)		(192,596	)		-		-		109,579			-
Voya International Index Portfolio Class P2		-		40,582,619		(1,814,266	)		4,239,103			43,007,456		696,227		363,030			-
Voya Russell Mid Cap Index Portfolio Class P2		-		12,631,505		(152,790	)		176,599			12,655,314		123,754		5,022			567,119
Voya Russell Small Cap Index Portfolio Class P2		-		10,123,754		(209,673	)		477,565			10,391,646		72,910		16,576			466,735
Voya RussellTM Mid Cap Index Portfolio - Class I		6,964,693		5,065,108		(11,776,686	)		(253,115	)		-		-		430,339			-
Voya RussellTM Small Cap Index Portfolio - Class I		2,816,149		3,718,823		(6,295,905	)		(239,067	)		-		-		5,188			-
Voya U.S. Bond Index Portfolio - Class I		14,364,650		15,227,621		(29,878,851	)		286,580			-		152,875		(167,146	)		-
Voya U.S. Bond Index Portfolio Class P2		-		42,957,880		(5,444,940	)		135,873			37,648,813		338,191		(50,996	)		81,153
Voya U.S. Stock Index Portfolio - Class I		35,330,313		31,192,886		(66,200,320	)		(322,879	)		-		-		279,695			-
Voya U.S. Stock Index Portfolio Class P2		-		97,813,568		(8,920,899	)		3,365,205			92,257,874		198,476		727,000			3,837,379
	$	78,832,160	$	289,737,465	$	(167,254,068	)	$	9,343,403		$	210,658,960	$	1,720,283	$	1,928,247		$	4,952,386

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

At September 30, 2017, the following futures contracts were outstanding for Voya Index Solution 2030 Portfolio:

Contract Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Long Contracts
Tokyo Price Index (TOPIX)	33	12/07/17	$	4,912,242		$	10,367
			$	4,912,242		$	10,367
Short Contracts
Mini MSCI EAFE Index	(50)	12/15/17		(4,946,000	)		(50,978	)
			$	(4,946,000	)	$	(50,978	)

A summary of derivative instruments by primary risk exposure is outlined in the following table.

The fair value of derivative instruments as of September 30, 2017 were as follows:

Derivatives not accounted for as hedging instruments

		Fair Value
Asset Derivatives	Instrument Type
Equity contracts	Futures contracts	$	10,367
Total Asset Derivatives		$	10,367
Liability Derivatives	Instrument Type
Equity contracts	Futures contracts	$	50,978
Total Liability Derivatives		$	50,978

Voya Index Solution 2030 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $239,798,930.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	10,395,321
Gross Unrealized Depreciation		(525,275	)
Net Unrealized Appreciation	$	9,870,046

	PORTFOLIO OF INVESTMENTS
Voya Index Solution 2035 Portfolio	as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 13.5%
	160,797		iShares MSCI EMU Index Fund	$	6,965,726		1.0
	108,794		iShares Russell 1000 Growth Index Fund		13,605,778		2.0
	58,027		iShares Russell 1000 Value Index Fund		6,876,780		1.0
	1,446,273		PowerShares Senior Loan Portfolio		33,495,683		4.8
	359,837		SPDR Bloomberg Barclays High Yield Bond ETF		13,429,117		1.9
	258,540		SPDR Dow Jones International Real Estate		9,922,765		1.4
	120,050		Vanguard REIT		9,974,954		1.4
		Total Exchange-Traded Funds
		(Cost $94,811,168)			94,270,803		13.5
MUTUAL FUNDS: 86.3%
			Affiliated Investment Companies: 84.9%
	3,965,085		Voya Emerging Markets Index Portfolio Class P2		47,779,269		6.8
	12,885,976		Voya International Index Portfolio Class P2		133,627,572		19.1
	3,208,574		Voya Russell Mid Cap Index Portfolio Class P2		49,347,875		7.1
	1,915,293		Voya Russell Small Cap Index Portfolio Class P2		29,093,294		4.2
	5,281,308		Voya U.S. Bond Index Portfolio Class P2		56,087,491		8.0
	18,533,940		Voya U.S. Stock Index Portfolio Class P2		277,082,405		39.7
					593,017,906		84.9
			Unaffiliated Investment Companies: 1.4%
	2,060,949	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		10,181,089		1.4
		Total Mutual Funds
		(Cost $566,400,239)			603,198,995		86.3
		Total Investments in Securities (Cost $661,211,407)		$	697,469,798		99.8
		Assets in Excess of Other Liabilities			1,244,676		0.2
		Net Assets		$	698,714,474		100.0

(1) Non-income producing security.

	PORTFOLIO OF INVESTMENTS
Voya Index Solution 2035 Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	94,270,803		$	–	$	–	$	94,270,803
Mutual Funds		603,198,995			–		–		603,198,995
Total Investments, at fair value	$	697,469,798		$	–	$	–	$	697,469,798
Other Financial Instruments+
Futures		29,217			–		–		29,217
Total Assets	$	697,499,015		$	–	$	–	$	697,499,015
Liabilities Table
Other Financial Instruments+
Futures	$	(143,759	)	$	–	$	–	$	(143,759	)
Total Liabilities	$	(143,759	)	$	–	$	–	$	(143,759	)

+ Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) 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 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	19,805,366	$	13,145,423	$	(33,286,829	)	$	336,040		$	-	$	-	$	(584	)	$	-
Voya Emerging Markets Index Portfolio Class P2		-		44,894,277		(3,154,886	)		6,039,878			47,779,269		566,814		925,085			-
Voya International Index Portfolio - Class I		93,839,912		10,756,148		(108,041,930	)		3,445,870			-		-		706,131			-
Voya International Index Portfolio Class P2		-		124,198,773		(3,853,574	)		13,282,373			133,627,572		2,663,558		576,078			-
Voya Russell Mid Cap Index Portfolio Class P2		-		48,290,693		(465,333	)		1,522,515			49,347,875		595,259		(76,279	)		2,727,849
Voya Russell Small Cap Index Portfolio Class P2		-		28,079,811		(364,046	)		1,377,529			29,093,294		249,928		(1,729	)		1,599,924
Voya RussellTM Mid Cap Index Portfolio - Class I		42,434,246		4,984,879		(47,845,309	)		426,184			-		-		(313,582	)		-
Voya RussellTM Small Cap Index Portfolio - Class I		20,222,793		2,671,255		(22,260,777	)		(633,271	)		-		-		51,918			-
Voya U.S. Bond Index Portfolio - Class I		42,671,960		9,241,181		(52,732,962	)		819,821			-		357,241		301			-
Voya U.S. Bond Index Portfolio Class P2		-		66,385,002		(9,895,855	)		(401,656	)		56,087,491		565,351		17,067			139,626
Voya U.S. Stock Index Portfolio - Class I		222,144,080		26,302,942		(253,419,822	)		4,972,800			-		-		(533,029	)		-
Voya U.S. Stock Index Portfolio Class P2		-		278,616,361		(17,144,902	)		15,610,946			277,082,405		632,950		(589,586	)		12,237,589
	$	441,118,357	$	657,566,745	$	(552,466,225	)	$	46,799,029		$	593,017,906	$	5,631,101	$	761,791		$	16,704,988

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

At September 30, 2017, the following futures contracts were outstanding for Voya Index Solution 2035 Portfolio:

Contract Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Long Contracts
Tokyo Price Index (TOPIX)	93	12/07/17	$	13,843,590		$	29,217
			$	13,843,590		$	29,217
Short Contracts
Mini MSCI EAFE Index	(141)	12/15/17		(13,947,720	)		(143,759	)
			$	(13,947,720	)	$	(143,759	)

A summary of derivative instruments by primary risk exposure is outlined in the following table.

The fair value of derivative instruments as of September 30, 2017 were as follows:

Derivatives not accounted for as hedging instruments

		Fair Value
Asset Derivatives	Instrument Type
Equity contracts	Futures contracts	$	29,217
Total Asset Derivatives		$	29,217
Liability Derivatives	Instrument Type
Equity contracts	Futures contracts	$	143,759
Total Liability Derivatives		$	143,759

	PORTFOLIO OF INVESTMENTS
Voya Index Solution 2035 Portfolio	as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $667,079,314.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	38,828,323
Gross Unrealized Depreciation		(8,523,206	)
Net Unrealized Appreciation	$	30,305,117

Voya Index Solution 2040 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 11.3%
	35,163		iShares MSCI EMU Index Fund	$	1,523,261		1.0
	23,791		iShares Russell 1000 Growth Index Fund		2,975,303		1.9
	12,689		iShares Russell 1000 Value Index Fund		1,503,773		0.9
	192,359		PowerShares Senior Loan Portfolio		4,455,035		2.8
	79,770		SPDR Bloomberg Barclays High Yield Bond ETF		2,977,016		1.9
	56,538		SPDR Dow Jones International Real Estate		2,169,928		1.4
	26,253		Vanguard REIT		2,181,362		1.4
		Total Exchange-Traded Funds
		(Cost $17,629,498)			17,785,678		11.3
MUTUAL FUNDS: 88.4%
			Affiliated Investment Companies: 87.0%
	956,855		Voya Emerging Markets Index Portfolio Class P2		11,530,101		7.3
	3,065,029		Voya International Index Portfolio Class P2		31,784,347		20.1
	826,918		Voya Russell Mid Cap Index Portfolio Class P2		12,717,996		8.0
	538,636		Voya Russell Small Cap Index Portfolio Class P2		8,181,880		5.2
	757,646		Voya U.S. Bond Index Portfolio Class P2		8,046,197		5.1
	4,358,696		Voya U.S. Stock Index Portfolio Class P2		65,162,504		41.3
					137,423,025		87.0
			Unaffiliated Investment Companies: 1.4%
	457,506	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		2,260,079		1.4
		Total Mutual Funds
		(Cost $132,188,279)			139,683,104		88.4
		Total Investments in Securities (Cost $149,817,777)		$	157,468,782		99.7
		Assets in Excess of Other Liabilities			480,952		0.3
		Net Assets		$	157,949,734		100.0

(1) Non-income producing security.

Voya Index Solution 2040 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	17,785,678		$	–	$	–	$	17,785,678
Mutual Funds		139,683,104			–		–		139,683,104
Total Investments, at fair value	$	157,468,782		$	–	$	–	$	157,468,782
Other Financial Instruments+
Futures		6,597			–		–		6,597
Total Assets	$	157,475,379		$	–	$	–	$	157,475,379
Liabilities Table
Other Financial Instruments+
Futures	$	(32,626	)	$	–	$	–	$	(32,626	)
Total Liabilities	$	(32,626	)	$	–	$	–	$	(32,626	)

+ Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) 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 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	2,947,296	$	3,046,145	$	(6,085,673	)	$	92,232		$	-	$	-	$	7,990		$	-
Voya Emerging Markets Index Portfolio Class P2		-		11,063,068		(711,863	)		1,178,896			11,530,101		105,144		141,817			-
Voya International Index Portfolio - Class I		11,737,244		7,115,434		(18,700,241	)		(152,437	)		-		-		81,432			-
Voya International Index Portfolio Class P2		-		29,784,026		(1,071,323	)		3,071,644			31,784,347		480,523		206,726			-
Voya Russell Mid Cap Index Portfolio Class P2		-		12,452,291		(77,620	)		343,325			12,717,996		116,417		5,031			533,497
Voya Russell Small Cap Index Portfolio Class P2		-		7,859,882		(100,353	)		422,351			8,181,880		53,442		6,305			342,110
Voya RussellTM Mid Cap Index Portfolio - Class I		5,037,983		2,900,593		(7,754,458	)		(184,118	)		-		-		68,824			-
Voya RussellTM Small Cap Index Portfolio - Class I		2,397,710		2,383,237		(4,573,769	)		(207,178	)		-		-		6,560			-
Voya U.S. Bond Index Portfolio - Class I		4,530,470		3,264,104		(7,896,735	)		102,161			-		44,631		(83,271	)		-
Voya U.S. Bond Index Portfolio Class P2		-		10,283,709		(2,248,820	)		11,308			8,046,197		70,048		28,823			16,367
Voya U.S. Stock Index Portfolio - Class I		28,193,733		17,596,460		(45,404,288	)		(385,905	)		-		-		459,639			-
Voya U.S. Stock Index Portfolio Class P2		-		67,983,930		(5,281,778	)		2,460,352			65,162,504		132,488		509,539			2,561,555
	$	54,844,436	$	175,732,879	$	(99,906,921	)	$	6,752,631		$	137,423,025	$	1,002,693	$	1,439,415		$	3,453,529

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

At September 30, 2017, the following futures contracts were outstanding for Voya Index Solution 2040 Portfolio:

Contract Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Long Contracts
Tokyo Price Index (TOPIX)	21	12/07/17	$	3,125,972		$	6,597
			$	3,125,972		$	6,597
Short Contracts
Mini MSCI EAFE Index	(32)	12/15/17		(3,165,440	)		(32,626	)
			$	(3,165,440	)	$	(32,626	)

A summary of derivative instruments by primary risk exposure is outlined in the following table.

The fair value of derivative instruments as of September 30, 2017 were as follows:

Derivatives not accounted for as hedging instruments

		Fair Value
Asset Derivatives	Instrument Type
Equity contracts	Futures contracts	$	6,597
Total Asset Derivatives		$	6,597
Liability Derivatives	Instrument Type
Equity contracts	Futures contracts	$	32,626
Total Liability Derivatives		$	32,626

Voya Index Solution 2040 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $149,917,625.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	7,711,528
Gross Unrealized Depreciation		(179,812	)
Net Unrealized Appreciation	$	7,531,716

	PORTFOLIO OF INVESTMENTS
Voya Index Solution 2045 Portfolio	as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 8.4%
	106,101		iShares MSCI EMU Index Fund	$	4,596,295		1.0
	71,787		iShares Russell 1000 Growth Index Fund		8,977,682		1.9
	38,288		iShares Russell 1000 Value Index Fund		4,537,511		1.0
	334,009		PowerShares Senior Loan Portfolio		7,735,649		1.7
	170,595		SPDR Dow Jones International Real Estate		6,547,436		1.4
	79,214		Vanguard REIT		6,581,891		1.4
		Total Exchange-Traded Funds
		(Cost $38,988,856)			38,976,464		8.4
MUTUAL FUNDS: 91.4%
			Affiliated Investment Companies: 90.0%
	2,983,075		Voya Emerging Markets Index Portfolio Class P2		35,946,057		7.8
	9,413,487		Voya International Index Portfolio Class P2		97,617,861		21.1
	3,029,545		Voya Russell Mid Cap Index Portfolio Class P2		46,594,397		10.1
	1,582,371		Voya Russell Small Cap Index Portfolio Class P2		24,036,208		5.2
	1,832,268		Voya U.S. Bond Index Portfolio Class P2		19,458,687		4.2
	12,891,150		Voya U.S. Stock Index Portfolio Class P2		192,722,689		41.6
					416,375,899		90.0
			Unaffiliated Investment Companies: 1.4%
	1,360,213	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		6,719,455		1.4
		Total Mutual Funds
		(Cost $396,735,862)			423,095,354		91.4
		Total Investments in Securities (Cost $435,724,718)		$	462,071,818		99.8
		Assets in Excess of Other Liabilities			776,884		0.2
		Net Assets		$	462,848,702		100.0

(1) Non-income producing security.

	PORTFOLIO OF INVESTMENTS
Voya Index Solution 2045 Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	38,976,464		$	–	$	–	$	38,976,464
Mutual Funds	$	423,095,354		$	–	$	–	$	423,095,354
Total Investments, at fair value	$	462,071,818		$	–	$	–	$	462,071,818
Other Financial Instruments+
Futures		19,478			–		–		19,478
Total Assets	$	462,091,296		$	–	$	–	$	462,091,296
Liabilities Table
Other Financial Instruments+
Futures	$	(94,820	)	$	–	$	–	$	(94,820	)
Total Liabilities	$	(94,820	)	$	–	$	–	$	(94,820	)

+ Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) 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 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	19,513,108	$	5,725,903	$	(25,883,931	)	$	644,920		$	-	$	-	$	(100,119	)	$	-
Voya Emerging Markets Index Portfolio Class P2		-		33,359,283		(2,719,976	)		5,306,750			35,946,057		435,212		310,182			-
Voya International Index Portfolio - Class I		68,171,632		8,692,752		(79,897,391	)		3,033,007			-		-		340,092			-
Voya International Index Portfolio Class P2		-		90,899,175		(2,653,253	)		9,371,939			97,617,861		1,937,551		347,644			-
Voya Russell Mid Cap Index Portfolio Class P2		-		46,462,784		(411,997	)		543,610			46,594,397		559,373		(23,535	)		2,563,399
Voya Russell Small Cap Index Portfolio Class P2		-		23,466,265		(335,871	)		905,814			24,036,208		205,400		(26,641	)		1,314,879
Voya RussellTM Mid Cap Index Portfolio - Class I		31,086,931		6,228,359		(37,751,219	)		435,929			-		-		(26,460	)		-
Voya RussellTM Small Cap Index Portfolio - Class I		13,254,869		5,722,133		(18,638,085	)		(338,917	)		-		-		(10,572	)		-
Voya U.S. Bond Index Portfolio - Class I		8,366,934		8,900,078		(17,498,590	)		231,578			-		70,333		(32,056	)		-
Voya U.S. Bond Index Portfolio Class P2		-		20,314,889		(746,310	)		(109,892	)		19,458,687		189,157		(8,748	)		46,248
Voya U.S. Stock Index Portfolio - Class I		158,745,353		20,880,822		(182,769,914	)		3,143,739			-		-		(659,148	)		-
Voya U.S. Stock Index Portfolio Class P2		-		194,319,324		(12,321,459	)		10,724,824			192,722,689		442,651		506,426			8,558,321
	$	299,138,827	$	464,971,767	$	(381,627,996	)	$	33,893,301		$	416,375,899	$	3,839,677	$	617,065		$	12,482,847

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

At September 30, 2017, the following futures contracts were outstanding for Voya Index Solution 2045 Portfolio:

Contract Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Long Contracts
Tokyo Price Index (TOPIX)	62	12/07/17	$	9,229,060		$	19,478
			$	9,229,060		$	19,478
Short Contracts
Mini MSCI EAFE Index	(93)	12/15/17		(9,199,560	)		(94,820	)
			$	(9,199,560	)	$	(94,820	)

A summary of derivative instruments by primary risk exposure is outlined in the following table.

The fair value of derivative instruments as of September 30, 2017 were as follows:

Derivatives not accounted for as hedging instruments

		Fair Value
Asset Derivatives	Instrument Type
Equity contracts	Futures contracts	$	19,478
Total Asset Derivatives		$	19,478
Liability Derivatives	Instrument Type
Equity contracts	Futures contracts	$	94,820
Total Liability Derivatives		$	94,820

	PORTFOLIO OF INVESTMENTS
Voya Index Solution 2045 Portfolio	as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $439,466,637.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	27,509,074
Gross Unrealized Depreciation		(4,959,785	)
Net Unrealized Appreciation	$	22,549,289

Voya Index Solution 2050 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 7.0%
	3,949		iShares Barclays 20+ Year Treasury Bond Fund	$	492,677		0.5
	20,427		iShares MSCI EMU Index Fund		884,898		0.9
	13,821		iShares Russell 1000 Growth Index Fund		1,728,454		1.9
	7,372		iShares Russell 1000 Value Index Fund		873,656		0.9
	32,844		SPDR Dow Jones International Real Estate		1,260,553		1.4
	15,251		Vanguard REIT		1,267,205		1.4
		Total Exchange-Traded Funds
		(Cost $6,412,216)			6,507,443		7.0
MUTUAL FUNDS: 92.7%
			Affiliated Investment Companies: 91.3%
	631,783		Voya Emerging Markets Index Portfolio Class P2		7,612,980		8.2
	1,969,140		Voya International Index Portfolio Class P2		20,419,978		22.0
	664,124		Voya Russell Mid Cap Index Portfolio Class P2		10,214,229		11.0
	315,542		Voya Russell Small Cap Index Portfolio Class P2		4,793,084		5.2
	337,503		Voya U.S. Bond Index Portfolio Class P2		3,584,279		3.8
	2,549,163		Voya U.S. Stock Index Portfolio Class P2		38,109,983		41.1
					84,734,533		91.3
			Unaffiliated Investment Companies: 1.4%
	261,754	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		1,293,065		1.4
		Total Mutual Funds
		(Cost $81,521,422)			86,027,598		92.7
		Total Investments in Securities (Cost $87,933,638)		$	92,535,041		99.7
		Assets in Excess of Other Liabilities			259,917		0.3
		Net Assets		$	92,794,958		100.0

(1) Non-income producing security.

Voya Index Solution 2050 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	6,507,443		$	–	$	–	$	6,507,443
Mutual Funds		86,027,598			–		–		86,027,598
Total Investments, at fair value	$	92,535,041		$	–	$	–	$	92,535,041
Other Financial Instruments+
Futures		3,770			–		–		3,770
Total Assets	$	92,538,811		$	–	$	–	$	92,538,811
Liabilities Table
Other Financial Instruments+
Futures	$	(18,352	)	$	–	$	–	$	(18,352	)
Total Liabilities	$	(18,352	)	$	–	$	–	$	(18,352	)

+ Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) 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 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	1,781,949	$	2,080,810	$	(3,901,679	)	$	38,920		$	-	$	-	$	8,305		$	-
Voya Emerging Markets Index Portfolio Class P2		-		7,267,924		(434,370	)		779,426			7,612,980		68,045		99,309			-
Voya International Index Portfolio - Class I		6,214,851		5,309,730		(11,440,259	)		(84,322	)		-		-		39,969			-
Voya International Index Portfolio Class P2		-		19,158,932		(637,392	)		1,898,438			20,419,978		296,482		92,714			-
Voya Russell Mid Cap Index Portfolio Class P2		-		9,996,216		(51,603	)		269,616			10,214,229		89,569		(3,390	)		410,463
Voya Russell Small Cap Index Portfolio Class P2		-		4,590,466		(34,215	)		236,833			4,793,084		29,826		5,700			190,934
Voya RussellTM Mid Cap Index Portfolio - Class I		3,132,802		2,658,661		(5,687,086	)		(104,377	)		-		-		(742	)		-
Voya RussellTM Small Cap Index Portfolio - Class I		1,206,593		1,458,603		(2,563,680	)		(101,516	)		-		-		1,313			-
Voya U.S. Bond Index Portfolio - Class I		788,331		1,884,654		(2,681,038	)		8,053			-		9,012		(9,032	)		-
Voya U.S. Bond Index Portfolio Class P2		-		3,590,977		(17,384	)		10,686			3,584,279		30,709		149			7,174
Voya U.S. Stock Index Portfolio - Class I		14,209,282		11,753,236		(25,778,492	)		(184,026	)		-		-		292,107			-
Voya U.S. Stock Index Portfolio Class P2		-		39,826,982		(3,024,946	)		1,307,947			38,109,983		75,268		292,861			1,455,253
	$	27,333,808	$	109,577,191	$	(56,252,144	)	$	4,075,678		$	84,734,533	$	598,911	$	819,263		$	2,063,824

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

At September 30, 2017, the following futures contracts were outstanding for Voya Index Solution 2050 Portfolio:

Contract Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Long Contracts
Tokyo Price Index (TOPIX)	12	12/07/17	$	1,786,270		$	3,770
			$	1,786,270		$	3,770
Short Contracts
Mini MSCI EAFE Index	(18)	12/15/17		(1,780,560	)		(18,352	)
			$	(1,780,560	)	$	(18,352	)

A summary of derivative instruments by primary risk exposure is outlined in the following table.

The fair value of derivative instruments as of September 30, 2017 were as follows:

Derivatives not accounted for as hedging instruments

		Fair Value
Asset Derivatives	Instrument Type
Equity contracts	Futures contracts	$	3,770
Total Asset Derivatives		$	3,770
Liability Derivatives	Instrument Type
Equity contracts	Futures contracts	$	18,352
Total Liability Derivatives		$	18,352

Voya Index Solution 2050 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $88,000,185.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	4,625,741
Gross Unrealized Depreciation		(101,703	)
Net Unrealized Appreciation	$	4,524,038

	PORTFOLIO OF INVESTMENTS
Voya Index Solution 2055 Portfolio	as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 6.7%
	36,172		iShares MSCI EMU Index Fund	$	1,566,971		1.0
	24,474		iShares Russell 1000 Growth Index Fund		3,060,718		1.9
	13,053		iShares Russell 1000 Value Index Fund		1,546,911		1.0
	58,160		SPDR Dow Jones International Real Estate		2,232,181		1.4
	27,006		Vanguard REIT		2,243,929		1.4
		Total Exchange-Traded Funds
		(Cost $10,571,528)			10,650,710		6.7
MUTUAL FUNDS: 93.1%
			Affiliated Investment Companies: 91.7%
	1,090,111		Voya Emerging Markets Index Portfolio Class P2		13,135,841		8.2
	3,393,415		Voya International Index Portfolio Class P2		35,189,716		22.1
	1,146,207		Voya Russell Mid Cap Index Portfolio Class P2		17,628,657		11.1
	544,232		Voya Russell Small Cap Index Portfolio Class P2		8,266,879		5.2
	586,916		Voya U.S. Bond Index Portfolio Class P2		6,233,045		3.9
	4,385,018		Voya U.S. Stock Index Portfolio Class P2		65,556,016		41.2
					146,010,154		91.7
			Unaffiliated Investment Companies: 1.4%
	463,470	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		2,289,543		1.4
		Total Mutual Funds
		(Cost $138,341,340)			148,299,697		93.1
		Total Investments in Securities (Cost $148,912,868)		$	158,950,407		99.8
		Assets in Excess of Other Liabilities			249,539		0.2
		Net Assets		$	159,199,946		100.0

(1) Non-income producing security.

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	10,650,710	$	–	$	–	$	10,650,710
Mutual Funds		148,299,697		–		–		148,299,697
Total Investments, at fair value	$	158,950,407	$	–	$	–	$	158,950,407

	PORTFOLIO OF INVESTMENTS
Voya Index Solution 2055 Portfolio	as of September 30, 2017 (Unaudited) (Continued)

	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, 2017
Other Financial Instruments+
Futures		6,597			–		–		6,597
Total Assets	$	158,957,004		$	–	$	–	$	158,957,004
Liabilities Table
Other Financial Instruments+
Futures	$	(32,626	)	$	–	$	–	$	(32,626	)
Total Liabilities	$	(32,626	)	$	–	$	–	$	(32,626	)

+ Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) 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 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	6,006,209	$	2,849,204	$	(8,898,176	)	$	42,763		$	-	$	-	$	(3,451	)	$	-
Voya Emerging Markets Index Portfolio Class P2		-		12,165,951		(861,714	)		1,831,604			13,135,841		153,501		214,482			-
Voya International Index Portfolio - Class I		22,554,999		4,357,004		(28,001,950	)		1,089,947			-		-		(77,264	)		-
Voya International Index Portfolio Class P2		-		32,725,182		(1,092,227	)		3,556,761			35,189,716		668,037		(5,165	)		-
Voya Russell Mid Cap Index Portfolio Class P2		-		17,501,990		(182,075	)		308,742			17,628,657		202,391		(29,871	)		927,483
Voya Russell Small Cap Index Portfolio Class P2		-		7,995,780		(119,096	)		390,195			8,266,879		67,543		(10,913	)		432,380
Voya RussellTM Mid Cap Index Portfolio - Class I		10,598,114		2,789,268		(13,494,524	)		107,142			-		-		(45,800	)		-
Voya RussellTM Small Cap Index Portfolio - Class I		4,088,734		2,103,966		(6,010,240	)		(182,460	)		-		-		(5,985	)		-
Voya U.S. Bond Index Portfolio - Class I		2,519,256		2,582,025		(5,169,579	)		68,298			-		22,393		(2,638	)		-
Voya U.S. Bond Index Portfolio Class P2		-		6,329,666		(55,861	)		(40,760	)		6,233,045		58,849		(513	)		14,202
Voya U.S. Stock Index Portfolio - Class I		48,481,391		9,723,250		(58,457,185	)		252,544			-		-		136,754			-
Voya U.S. Stock Index Portfolio Class P2		-		66,103,775		(4,569,641	)		4,021,882			65,556,016		147,777		(25,400	)		2,857,152
	$	94,248,703	$	167,227,061	$	(126,912,268	)	$	11,446,658		$	146,010,154	$	1,320,491	$	144,236		$	4,231,217

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

At September 30, 2017, the following futures contracts were outstanding for Voya Index Solution 2055 Portfolio:

Contract Description	Number of Contracts		Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Long Contracts
Tokyo Price Index (TOPIX)		21	12/07/17	$	3,125,972		$	6,597
				$	3,125,972		$	6,597
Short Contracts
Mini MSCI EAFE Index		(32)	12/15/17		(3,165,440	)		(32,626	)
				$	(3,165,440	)	$	(32,626	)

A summary of derivative instruments by primary risk exposure is outlined in the following table.

The fair value of derivative instruments as of September 30, 2017 were as follows:

Derivatives not accounted for as hedging instruments

		Fair Value
Asset Derivatives	Instrument Type
Equity contracts	Futures contracts	$	6,597
Total Asset Derivatives		$	6,597
Liability Derivatives	Instrument Type
Equity contracts	Futures contracts	$	32,626
Total Liability Derivatives		$	32,626

	PORTFOLIO OF INVESTMENTS
Voya Index Solution 2055 Portfolio	as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $151,386,633.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	10,328,219
Gross Unrealized Depreciation		(2,783,887	)
Net Unrealized Appreciation	$	7,544,332

Voya Index Solution 2060 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 9.5%
	4,023		iShares MSCI Emerging Markets Index Fund	$	180,271		0.9
	4,329		iShares MSCI EMU Index Fund		187,532		1.0
	2,929		iShares Russell 1000 Growth Index Fund		366,301		1.9
	1,562		iShares Russell 1000 Value Index Fund		185,112		0.9
	6,961		SPDR Dow Jones International Real Estate		267,163		1.4
	3,232		Vanguard REIT		268,547		1.4
	6,946		WisdomTree Japan Hedged Equity Fund		379,946		2.0
		Total Exchange-Traded Funds
		(Cost $1,799,403)			1,834,872		9.5
MUTUAL FUNDS: 90.3%
			Affiliated Investment Companies: 88.9%
	117,000		Voya Emerging Markets Index Portfolio Class P2		1,409,852		7.3
	373,602		Voya International Index Portfolio Class P2		3,874,256		20.2
	138,743		Voya Russell Mid Cap Index Portfolio Class P2		2,133,872		11.1
	65,992		Voya Russell Small Cap Index Portfolio Class P2		1,002,412		5.2
	70,467		Voya U.S. Bond Index Portfolio Class P2		748,363		3.9
	530,771		Voya U.S. Stock Index Portfolio Class P2		7,935,026		41.2
					17,103,781		88.9
			Unaffiliated Investment Companies: 1.4%
	55,447	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		273,909		1.4
		Total Mutual Funds
		(Cost $16,677,330)			17,377,690		90.3
		Total Investments in Securities (Cost $18,476,733)		$	19,212,562		99.8
		Assets in Excess of Other Liabilities			36,423		0.2
		Net Assets		$	19,248,985		100.0

(1) Non-income producing security.

Voya Index Solution 2060 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	1,834,872	$	–	$	–	$	1,834,872
Mutual Funds		17,377,690		–		–		17,377,690
Total Investments, at fair value	$	19,212,562	$	–	$	–	$	19,212,562

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	353,873	$	457,680	$	(817,384	)	$	5,831		$	-	$	-	$	5,359		$	-
Voya Emerging Markets Index Portfolio Class P2		-		1,490,264		(207,082	)		126,670			1,409,852		13,608		40,094			-
Voya International Index Portfolio - Class I		1,305,771		1,192,548		(2,482,817	)		(15,502	)		-		-		23,859			-
Voya International Index Portfolio Class P2		-		4,320,354		(725,706	)		279,608			3,874,256		59,201		121,209			-
Voya Russell Mid Cap Index Portfolio Class P2		-		2,195,829		(105,902	)		43,945			2,133,872		17,882		7,856			81,947
Voya Russell Small Cap Index Portfolio Class P2		-		1,009,562		(48,088	)		40,938			1,002,412		5,955		6,621			38,118
Voya RussellTM Mid Cap Index Portfolio - Class I		616,838		600,631		(1,202,819	)		(14,650	)		-		-		1,404			-
Voya RussellTM Small Cap Index Portfolio - Class I		236,386		318,838		(538,742	)		(16,482	)		-		-		2,518			-
Voya U.S. Bond Index Portfolio - Class I		154,501		335,683		(492,022	)		1,838			-		1,717		(1,615	)		-
Voya U.S. Bond Index Portfolio Class P2		-		788,663		(41,405	)		1,105			748,363		6,309		(39	)		1,499
Voya U.S. Stock Index Portfolio - Class I		2,635,135		2,652,058		(5,280,572	)		(6,621	)		-		-		67,922			-
Voya U.S. Stock Index Portfolio Class P2		-		8,522,375		(794,359	)		207,010			7,935,026		15,634		68,352			302,280
	$	5,302,504	$	23,884,485	$	(12,736,898	)	$	653,690		$	17,103,781	$	120,306	$	343,540		$	423,844

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

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $18,486,034.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	738,824
Gross Unrealized Depreciation		(12,296	)
Net Unrealized Appreciation	$	726,528

	PORTFOLIO OF INVESTMENTS
Voya Solution Aggressive Portfolio	as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 6.3%
	2,638		iShares MSCI Emerging Markets Index Fund	$	118,209		0.9
	2,839		iShares MSCI EMU Index Fund		122,985		1.0
	2,561		iShares Russell 1000 Value Index Fund		303,504		2.4
	4,535		WisdomTree Japan Hedged Equity Fund		248,065		2.0
		Total Exchange-Traded Funds (Cost $768,498)			792,763		6.3
MUTUAL FUNDS: 93.6%
			Affiliated Investment Companies: 92.7%
	20,414		Voya Emerging Markets Index Portfolio - Class I		245,580		1.9
	14,054		Voya Index Plus LargeCap Portfolio - Class I		380,014		3.0
	24,290		Voya Intermediate Bond Fund - Class R6		246,297		1.9
	25,452		Voya International Index Portfolio - Class I		263,686		2.1
	65,183		Voya Large Cap Growth Portfolio - Class I		1,256,081		9.9
	50,849		Voya Large Cap Value Fund - Class R6		709,852		5.6
	46,839		Voya MidCap Opportunities Portfolio - Class I		632,799		5.0
	44,106		Voya Multi-Manager Emerging Markets Equity Fund - Class I		564,556		4.5
	130,433		Voya Multi-Manager International Equity Fund - Class I		1,576,928		12.4
	63,898		Voya Multi-Manager International Factors Fund - Class I		693,292		5.5
	71,664		Voya Multi-Manager Large Cap Core Portfolio - Class I		1,144,481		9.0
	79,765		Voya Multi-Manager Mid Cap Value Fund - Class I		965,155		7.6
	9,665		Voya RussellTM Mid Cap Growth Index Portfolio - Class I		318,960		2.5
	43,387		Voya Small Company Portfolio - Class I		924,579		7.3
	38,047		Voya U.S. Stock Index Portfolio - Class I		568,429		4.5
	10,335		VY® Clarion Global Real Estate Portfolio - Class I		123,189		1.0
	3,351		VY® Clarion Real Estate Portfolio - Class I		123,118		1.0
	34,047		VY® Invesco Comstock Portfolio - Class I		649,625		5.1
	4,161	(1)	VY® T. Rowe Price Growth Equity Portfolio - Class I		365,684		2.9
					11,752,305		92.7
			Unaffiliated Investment Companies: 0.9%
	24,230	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		119,698		0.9
		Total Mutual Funds (Cost $11,051,063)			11,872,003		93.6
		Total Investments in Securities (Cost $11,819,561)		$	12,664,766		99.9
		Assets in Excess of Other Liabilities			6,985		0.1
		Net Assets		$	12,671,751		100.0

(1) Non-income producing security.

	PORTFOLIO OF INVESTMENTS
Voya Solution Aggressive Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	792,763	$	–	$	–	$	792,763
Mutual Funds		11,872,003		–		–		11,872,003
Total Investments, at fair value	$	12,664,766	$	–	$	–	$	12,664,766

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 09/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	154,390	$	96,627	$	(45,195	)	$	39,758		$	245,580	$	3,113	$	4,073		$	-
Voya Index Plus LargeCap Portfolio - Class I		233,563		152,507		(34,173	)		28,117			380,014		4,598		4,096			5,268
Voya Intermediate Bond Fund - Class R6		154,647		113,247		(25,180	)		3,583			246,297		4,699		(342	)		-
Voya International Core Fund - Class I		671,275		307,099		(393,306	)		108,224			693,292		-		16,192			-
Voya International Index Portfolio - Class I		157,616		376,202		(288,696	)		18,564			263,686		9,259		25,228			-
Voya Large Cap Growth Portfolio - Class I		652,651		929,675		(409,069	)		82,824			1,256,081		5,168		(12,762	)		56,737
Voya Large Cap Value Fund - Class R6		449,784		405,118		(163,881	)		18,831			709,852		4,934		19,803			-
Voya MidCap Opportunities Portfolio - Class I		421,480		286,550		(132,068	)		56,837			632,799		698		(15,175	)		29,543
Voya Multi-Manager Emerging Markets Equity Fund - Class I		230,418		345,190		(99,007	)		87,955			564,556		-		29,260			-
Voya Multi-Manager International Equity Fund - Class I		741,845		803,240		(163,535	)		195,378			1,576,928		-		(1,058	)		-
Voya Multi-Manager Large Cap Core Portfolio - Class I		730,705		594,665		(240,215	)		59,326			1,144,481		2,304		(3,483	)		58,211
Voya Multi-Manager Mid Cap Value Fund - Class I		625,132		397,214		(138,660	)		81,469			965,155		-		(13,240	)		-
Voya RussellTM Mid Cap Growth Index Portfolio - Class I		191,617		123,190		(27,940	)		32,093			318,960		2,226		3,107			-
Voya Small Company Portfolio - Class I		315,274		696,146		(63,897	)		(22,944	)		924,579		2,204		1,296			67,723
Voya U.S. Stock Index Portfolio - Class I		313,001		279,892		(49,716	)		25,252			568,429		1,207		3,824			23,334
VY® Clarion Global Real Estate Portfolio - Class I		78,791		55,646		(12,662	)		1,414			123,189		3,974		(243	)		-
VY® Clarion Real Estate Portfolio - Class I		79,339		56,166		(11,433	)		(954	)		123,118		2,563		986			-
VY® Invesco Comstock Portfolio - Class I		398,261		266,017		(59,869	)		45,216			649,625		2,505		2,740			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		650,125		370,837		(715,333	)		60,055			365,684		338		24,530			65,223
	$	7,249,914	$	6,655,228	$	(3,073,835	)	$	920,998		$	11,752,305	$	49,790	$	88,832		$	306,039

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

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $12,173,139.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	851,404
Gross Unrealized Depreciation		(359,777	)
Net Unrealized Appreciation	$	491,627

	PORTFOLIO OF INVESTMENTS
Voya Solution Balanced Portfolio	as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 4.5%
	14,102		iShares MSCI EMU Index Fund	$	610,899		1.0
	17,812		iShares Russell 1000 Value Index Fund		2,110,900		3.5
		Total Exchange-Traded Funds (Cost $2,637,184)			2,721,799		4.5
MUTUAL FUNDS: 95.3%
			Affiliated Investment Companies: 93.8%
	121,452		Voya Emerging Markets Index Portfolio - Class I		1,461,066		2.4
	299,694		Voya Floating Rate Fund - Class I		2,945,994		4.9
	290,525		Voya High Yield Bond Fund - Class R6		2,373,586		4.0
	580,964		Voya Intermediate Bond Fund - Class R6		5,890,970		9.8
	174,864		Voya International Index Portfolio - Class I		1,811,596		3.0
	154,601		Voya Large Cap Growth Portfolio - Class I		2,979,158		5.0
	216,978		Voya Large Cap Value Fund - Class R6		3,029,013		5.1
	178,431		Voya MidCap Opportunities Portfolio - Class I		2,410,603		4.0
	92,497		Voya Multi-Manager Emerging Markets Equity Fund - Class I		1,183,955		2.0
	173,917		Voya Multi-Manager International Equity Fund - Class I		2,102,660		3.5
	276,625		Voya Multi-Manager International Factors Fund - Class I		3,001,380		5.0
	226,410		Voya Multi-Manager Large Cap Core Portfolio - Class I		3,615,762		6.0
	202,599		Voya Multi-Manager Mid Cap Value Fund - Class I		2,451,445		4.1
	119,200		Voya Short Term Bond Fund - Class R6		1,174,124		2.0
	116,888		Voya Small Company Portfolio - Class I		2,490,881		4.2
	247,817		Voya U.S. Bond Index Portfolio - Class I		2,631,818		4.4
	80,471		Voya U.S. Stock Index Portfolio - Class I		1,202,235		2.0
	49,198		VY® Clarion Global Real Estate Portfolio - Class I		586,445		1.0
	15,951		VY® Clarion Real Estate Portfolio - Class I		586,051		1.0
	259,988		VY® Goldman Sachs Bond Portfolio - Class I		2,631,080		4.4
	112,123		VY® Invesco Comstock Portfolio - Class I		2,139,313		3.6
	218,920		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		5,948,061		9.9
	16,848	(1)	VY® T. Rowe Price Growth Equity Portfolio - Class I		1,480,779		2.5
					56,127,975		93.8
			Unaffiliated Investment Companies: 1.5%
	180,593	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		892,130		1.5
		Total Mutual Funds (Cost $54,533,880)			57,020,105		95.3
		Total Investments in Securities (Cost $57,171,064)		$	59,741,904		99.8
		Assets in Excess of Other Liabilities			93,075		0.2
		Net Assets		$	59,834,979		100.0

(1) Non-income producing security.

	PORTFOLIO OF INVESTMENTS
Voya Solution Balanced Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	2,721,799		$	–	$	–	$	2,721,799
Mutual Funds		57,020,105			–		–		57,020,105
Total Investments, at fair value	$	59,741,904		$	–	$	–	$	59,741,904
Other Financial Instruments+
Futures		2,513			–		–		2,513
Total Assets	$	59,744,417		$	–	$	–	$	59,744,417
Liabilities Table
Other Financial Instruments+
Futures	$	(12,235	)	$	–	$	–	$	(12,235	)
Total Liabilities	$	(12,235	)	$	–	$	–	$	(12,235	)

+ Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) on the instrument.  OTC swaps and written options are valued at the fair value of the instrument.

	PORTFOLIO OF INVESTMENTS
Voya Solution Balanced Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 09/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	-	$	1,516,306	$	(170,750	)	$	115,510		$	1,461,066	$	12,626	$	16,381		$	-
Voya Floating Rate Fund - Class I		2,487,620		878,940		(396,247	)		(24,319	)		2,945,994		81,807		(10,534	)		-
Voya Global Bond Fund - Class R6		979,234		121,225		(1,131,922	)		31,463			-		19,153		(15,417	)		-
Voya High Yield Bond Fund - Class R6		2,011,630		637,966		(320,432	)		44,422			2,373,586		87,200		(11,863	)		-
Voya Intermediate Bond Fund - Class R6		2,711,353		3,670,236		(558,005	)		67,386			5,890,970		104,153		(1,086	)		-
Voya International Core Fund - Class I		1,765,168		1,295,596		(484,700	)		425,316			3,001,380		-		1,147			-
Voya International Index Portfolio - Class I		1,006,367		839,321		(256,827	)		222,735			1,811,596		37,444		(13,044	)		-
Voya Large Cap Growth Portfolio - Class I		2,449,365		1,868,157		(1,602,443	)		264,079			2,979,158		18,084		(42,628	)		198,527
Voya Large Cap Value Fund - Class R6		2,529,908		1,055,340		(715,098	)		158,863			3,029,013		25,239		38,860			-
Voya MidCap Opportunities Portfolio - Class I		2,199,737		676,548		(762,484	)		296,802			2,410,603		3,224		(90,328	)		126,209
Voya Multi-Manager Emerging Markets Equity Fund - Class I		979,401		245,858		(366,544	)		325,240			1,183,955		-		14,357			-
Voya Multi-Manager International Equity Fund - Class I		1,744,024		430,252		(428,466	)		356,850			2,102,660		-		(18,312	)		-
Voya Multi-Manager Large Cap Core Portfolio - Class I		2,782,448		1,538,291		(880,565	)		175,588			3,615,762		8,227		20,521			207,894
Voya Multi-Manager Mid Cap Value Fund - Class I		2,246,040		596,481		(647,469	)		256,393			2,451,445		-		(56,409	)		-
Voya Short Term Bond Fund - Class R6		1,599,515		408,222		(840,239	)		6,626			1,174,124		18,143		(3,581	)		-
Voya Small Company Portfolio - Class I		1,007,181		1,823,758		(260,189	)		(79,869	)		2,490,881		6,805		(3,514	)		209,146
Voya U.S. Bond Index Portfolio - Class I		2,459,175		791,844		(648,218	)		29,017			2,631,818		42,765		(9,522	)		6,693
Voya U.S. Stock Index Portfolio - Class I		1,499,278		997,644		(1,332,504	)		37,817			1,202,235		4,249		79,730			82,147
VY® Clarion Global Real Estate Portfolio - Class I		502,401		155,429		(80,899	)		9,514			586,445		20,929		(2,101	)		-
VY® Clarion Real Estate Portfolio - Class I		506,095		164,198		(79,323	)		(4,919	)		586,051		13,490		5,340			-
VY® Goldman Sachs Bond Portfolio - Class I		2,212,708		756,721		(342,944	)		4,595			2,631,080		57,723		4,198			-
VY® Invesco Comstock Portfolio - Class I		1,783,289		519,808		(299,207	)		135,423			2,139,313		8,782		40,113			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		4,928,596		1,528,381		(867,835	)		358,919			5,948,061		15,783		(42,127	)		267,121
VY® T. Rowe Price Equity Income Portfolio - Class I		2,006,312		145,573		(2,126,343	)		(25,542	)		-		-		99,341			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		2,195,083		532,706		(1,559,895	)		312,885			1,480,779		764		(9,492	)		147,357
	$	46,591,928	$	23,194,801	$	(17,159,548	)	$	3,500,794		$	56,127,975	$	586,590	$	(9,970	)	$	1,245,094

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

	PORTFOLIO OF INVESTMENTS
Voya Solution Balanced Portfolio	as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the following futures contracts were outstanding for Voya Solution Balanced Portfolio:

Contract Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Long Contracts
Tokyo Price Index (TOPIX)	8	12/07/17	$	1,190,846		$	2,513
			$	1,190,846		$	2,513
Short Contracts
Mini MSCI EAFE Index	(12)	12/15/17		(1,187,040	)		(12,235	)
			$	(1,187,040	)	$	(12,235	)

A summary of derivative instruments by primary risk exposure is outlined in the following table.

The fair value of derivative instruments as of September 30, 2017 were as follows:

Derivatives not accounted for as hedging instruments 

		Fair Value
Asset Derivatives	Instrument Type
Equity contracts	Futures contracts	$	2,513
Total Asset Derivatives		$	2,513
Liability Derivatives	Instrument Type
Equity contracts	Futures contracts	$	12,235
Total Liability Derivatives		$	12,235

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $58,358,666.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	2,749,700
Gross Unrealized Depreciation		(1,373,674	)
Net Unrealized Appreciation	$	1,376,026

Voya Solution Conservative Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 4.5%
	3,686		iShares MSCI Emerging Markets Index Fund	$	165,170		1.0
	3,967		iShares MSCI EMU Index Fund		171,850		1.0
	2,219		SPDR Bloomberg Barclays High Yield Bond ETF		82,813		0.5
	6,133		WisdomTree Japan Hedged Equity Fund		335,475		2.0
		Total Exchange-Traded Funds (Cost $731,358)			755,308		4.5
MUTUAL FUNDS: 95.4%
			Affiliated Investment Companies: 93.4%
	20,636		Voya Emerging Markets Index Portfolio - Class I		248,252		1.5
	118,577		Voya Floating Rate Fund - Class I		1,165,616		7.0
	49,563		Voya Global Bond Fund - Class R6		496,121		3.0
	133,458		Voya High Yield Bond Fund - Class R6		1,090,356		6.5
	163,703		Voya Intermediate Bond Fund - Class R6		1,659,949		9.9
	17,002		Voya International Index Portfolio - Class I		176,137		1.0
	17,473		Voya Large Cap Growth Portfolio - Class I		336,706		2.0
	36,630		Voya Large Cap Value Fund - Class R6		511,362		3.1
	25,210		Voya MidCap Opportunities Portfolio - Class I		340,592		2.0
	28,623		Voya Multi-Manager Mid Cap Value Fund - Class I		346,341		2.1
	338,290		Voya Short Term Bond Fund - Class R6		3,332,153		19.9
	140,075		Voya U.S. Bond Index Portfolio - Class I		1,487,596		8.9
	39,884		Voya U.S. Stock Index Portfolio - Class I		595,861		3.6
	86,591		VY® BlackRock Inflation Protected Bond Portfolio - Class I		825,215		4.9
	130,473		VY® Goldman Sachs Bond Portfolio - Class I		1,320,383		7.9
	61,867		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		1,680,922		10.1
					15,613,562		93.4
			Unaffiliated Investment Companies: 2.0%
	67,925	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		335,550		2.0
		Total Mutual Funds (Cost $15,785,387)			15,949,112		95.4
		Total Investments in Securities (Cost $16,516,745)		$	16,704,420		99.9
		Assets in Excess of Other Liabilities			10,031		0.1
		Net Assets		$	16,714,451		100.0

(1) Non-income producing security.

Voya Solution Conservative Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	755,308	$	–	$	–	$	755,308
Mutual Funds		15,949,112		–		–		15,949,112
Total Investments, at fair value	$	16,704,420	$	–	$	–	$	16,704,420

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 09/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	-	$	295,074	$	(67,852	)	$	21,030		$	248,252	$	3,662	$	3,169		$	-
Voya Floating Rate Fund - Class I		1,150,426		287,191		(264,361	)		(7,640	)		1,165,616		35,259		(7,305	)		-
Voya Global Bond Fund - Class R6		1,131,841		199,026		(864,189	)		29,443			496,121		31,380		1,341			-
Voya High Yield Bond Fund - Class R6		1,245,650		282,168		(458,640	)		21,178			1,090,356		46,397		(1,079	)		-
Voya Intermediate Bond Fund - Class R6		723,641		1,205,642		(287,957	)		18,623			1,659,949		29,717		330			-
Voya International Index Portfolio - Class I		498,558		118,429		(480,607	)		39,757			176,137		11,176		39,392			-
Voya Large Cap Growth Portfolio - Class I		-		368,524		(16,233	)		(15,585	)		336,706		2,050		(1,050	)		22,503
Voya Large Cap Value Fund - Class R6		167,146		437,791		(96,724	)		3,149			511,362		2,669		20,410			-
Voya MidCap Opportunities Portfolio - Class I		322,725		81,997		(106,470	)		42,340			340,592		468		(11,896	)		18,139
Voya Multi-Manager Mid Cap Value Fund - Class I		329,673		73,844		(93,765	)		36,589			346,341		-		(8,043	)		-
Voya Short Term Bond Fund - Class R6		2,275,721		1,696,902		(652,835	)		12,365			3,332,153		38,598		(7,869	)		-
Voya U.S. Bond Index Portfolio - Class I		1,377,434		421,770		(330,513	)		18,905			1,487,596		24,576		(7,469	)		3,843
Voya U.S. Stock Index Portfolio - Class I		495,132		248,213		(175,755	)		28,271			595,861		1,391		13,094			26,886
VY® BlackRock Inflation Protected Bond Portfolio - Class I		1,297,662		260,671		(739,918	)		6,800			825,215		16,003		(4,543	)		-
VY® Goldman Sachs Bond Portfolio - Class I		1,878,318		358,599		(921,222	)		4,688			1,320,383		29,644		10,836			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		1,627,353		389,673		(465,860	)		129,756			1,680,922		4,577		(23,631	)		77,468
VY® T. Rowe Price Equity Income Portfolio - Class I		740,266		169,170		(901,483	)		(7,953	)		-		-		34,958			-
	$	15,261,546	$	6,894,685	$	(6,924,385	)	$	381,716		$	15,613,562	$	277,567	$	50,645		$	148,839

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

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $16,944,036.

Net unrealized depreciation consisted of:

Gross Unrealized Appreciation	$	259,264
Gross Unrealized Depreciation		(498,880	)
Net Unrealized Depreciation	$	(239,616	)

Voya Solution Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 1.6%
	108,409		iShares MSCI EMU Index Fund	$	4,696,278		1.1
	19,561		iShares Russell 1000 Value Index Fund		2,318,174		0.5
		Total Exchange-Traded Funds (Cost $6,766,098)			7,014,452		1.6
MUTUAL FUNDS: 98.3%
			Affiliated Investment Companies: 96.8%
	367,030		Voya Emerging Markets Index Portfolio - Class I		4,415,376		1.0
	2,264,216		Voya Floating Rate Fund - Class I		22,257,248		5.0
	1,324,814		Voya Global Bond Fund - Class R6		13,261,391		3.0
	1,097,677		Voya High Yield Bond Fund - Class R6		8,968,022		2.0
	4,817,855		Voya Intermediate Bond Fund - Class R6		48,853,054		10.9
	881,315		Voya International Index Portfolio - Class I		9,130,421		2.1
	1,284,946		Voya Large Cap Growth Portfolio - Class I		24,760,904		5.5
	1,133,107		Voya Large Cap Value Fund - Class R6		15,818,173		3.5
	505,736		Voya MidCap Opportunities Portfolio - Class I		6,832,488		1.5
	699,086		Voya Multi-Manager Emerging Markets Equity Fund - Class I		8,948,301		2.0
	2,081,655		Voya Multi-Manager International Factors Fund - Class I		22,585,957		5.1
	705,031		Voya Multi-Manager Large Cap Core Portfolio - Class I		11,259,344		2.5
	566,100		Voya Multi-Manager Mid Cap Value Fund - Class I		6,849,811		1.5
	4,502,351		Voya Short Term Bond Fund - Class R6		44,348,159		9.9
	4,377,359		Voya U.S. Bond Index Portfolio - Class I		46,487,554		10.4
	755,095		Voya U.S. Stock Index Portfolio - Class I		11,281,120		2.5
	3,240,559		VY® BlackRock Inflation Protected Bond Portfolio - Class I		30,882,528		6.9
	371,668		VY® Clarion Global Real Estate Portfolio - Class I		4,430,284		1.0
	120,496		VY® Clarion Real Estate Portfolio - Class I		4,427,030		1.0
	4,806,433		VY® Goldman Sachs Bond Portfolio - Class I		48,641,099		10.9
	1,406,096		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		38,203,636		8.6
					432,641,900		96.8
			Unaffiliated Investment Companies: 1.5%
	1,392,525	(1)	Credit Suisse Commodity Return Strategy Fund - Class I	$	6,879,072		1.5
		Total Mutual Funds (Cost $432,066,905)			439,520,972		98.3
		Total Investments in Securities (Cost $438,833,003)		$	446,535,424		99.9
		Assets in Excess of Other Liabilities			620,240		0.1
		Net Assets		$	447,155,664		100.0

(1) Non-income producing security.

Voya Solution Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	7,014,452		$	–	$	–	$	7,014,452
Mutual Funds		439,520,972			–		–		439,520,972
Total Investments, at fair value	$	446,535,424		$	–	$	–	$	446,535,424
Other Financial Instruments+
Futures		19,164			–		–		19,164
Total Assets	$	446,554,588		$	–	$	–	$	446,554,588
Liabilities Table
Other Financial Instruments+
Futures	$	(92,781	)	$	–	$	–	$	(92,781	)
Total Liabilities	$	(92,781	)	$	–	$	–	$	(92,781	)

+ Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) 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 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 09/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	-	$	4,642,682	$	(549,597	)	$	322,291		$	4,415,376	$	-	$	37,761		$	-
Voya Floating Rate Fund - Class I		24,412,085		1,983,297		(3,944,960	)		(193,174	)		22,257,248		718,273		(107,953	)		-
Voya Global Bond Fund - Class R6		28,805,185		1,560,106		(18,289,333	)		1,185,433			13,261,391		812,840		(372,057	)		-
Voya High Yield Bond Fund - Class R6		9,874,208		574,927		(1,681,638	)		200,525			8,968,022		382,402		(44,629	)		-
Voya Intermediate Bond Fund - Class R6		23,806,889		30,770,824		(6,353,850	)		629,191			48,853,054		927,782		(17,981	)		-
Voya International Core Fund - Class I		14,849,746		9,235,681		(5,102,115	)		3,602,645			22,585,957		-		(69,058	)		-
Voya International Index Portfolio - Class I		9,876,036		327,012		(2,742,065	)		1,669,438			9,130,421		227,707		(111,911	)		-
Voya Large Cap Growth Portfolio - Class I		9,605,205		18,140,931		(3,529,417	)		544,185			24,760,904		160,509		(20,709	)		1,762,071
Voya Large Cap Value Fund - Class R6		9,938,244		8,138,671		(3,034,451	)		775,709			15,818,173		111,007		178,782			-
Voya MidCap Opportunities Portfolio - Class I		7,189,262		548,899		(1,654,445	)		748,772			6,832,488		10,192		(74,758	)		382,791
Voya Multi-Manager Emerging Markets Equity Fund - Class I		-		9,443,059		(1,728,737	)		1,233,979			8,948,301		-		208,585			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		28,697,976		2,218,948		(19,934,371	)		276,791			11,259,344		26,353		1,709,144			665,899
Voya Multi-Manager Mid Cap Value Fund - Class I		7,347,244		387,803		(1,574,265	)		689,029			6,849,811		-		(77,506	)		-
Voya Short Term Bond Fund - Class R6		33,789,395		17,112,915		(6,725,089	)		170,938			44,348,159		548,068		(103,848	)		-
Voya U.S. Bond Index Portfolio - Class I		50,356,648		4,120,575		(8,594,053	)		604,384			46,487,554		836,136		(185,414	)		125,223
Voya U.S. Stock Index Portfolio - Class I		4,904,726		17,367,939		(11,119,656	)		128,111			11,281,120		39,951		376,499			772,414
VY® BlackRock Inflation Protected Bond Portfolio - Class I		43,336,196		2,863,619		(16,861,851	)		1,544,564			30,882,528		570,575		(1,524,682	)		-
VY® Clarion Global Real Estate Portfolio - Class I		4,930,084		327,112		(933,057	)		106,145			4,430,284		170,099		(16,245	)		-
VY® Clarion Real Estate Portfolio - Class I		4,968,998		376,430		(759,781	)		(158,617	)		4,427,030		108,362		175,994			-
VY® Goldman Sachs Bond Portfolio - Class I		66,488,713		3,362,249		(21,344,633	)		134,770			48,641,099		1,134,773		391,006			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		39,875,740		3,196,318		(7,786,412	)		2,917,990			38,203,636		108,330		(342,706	)		1,833,468
VY® T. Rowe Price Equity Income Portfolio - Class I		19,696,222		96,940		(19,717,521	)		(75,641	)		-		-		793,458			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		9,561,638		48,470		(10,579,861	)		969,753			-		-		419,634			-
	$	452,310,440	$	136,845,407	$	(174,541,158	)	$	18,027,211		$	432,641,900	$	6,893,359	$	1,221,405		$	5,541,867

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

At September 30, 2017, the following futures contracts were outstanding for Voya Solution Income Portfolio:

Contract Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Long Contracts
Tokyo Price Index (TOPIX)	61	12/07/17	$	9,080,204		$	19,164
			$	9,080,204		$	19,164
Short Contracts
Mini MSCI EAFE Index	(91)	12/15/17		(9,001,720	)		(92,781	)
			$	(9,001,720	)	$	(92,781	)

Voya Solution Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

A summary of derivative instruments by primary risk exposure is outlined in the following table.

The fair value of derivative instruments as of September 30, 2017 were as follows:

Derivatives not accounted for as hedging instruments

		Fair Value
Asset Derivatives	Instrument Type
Equity contracts	Futures contracts	$	19,164
Total Asset Derivatives		$	19,164
Liability Derivatives	Instrument Type
Equity contracts	Futures contracts	$	92,781
Total Liability Derivatives		$	92,781

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $449,870,188.

Net unrealized depreciation consisted of:

Gross Unrealized Appreciation	$	10,035,866
Gross Unrealized Depreciation		(13,425,111	)
Net Unrealized Depreciation	$	(3,389,245	)

Voya Solution Moderately Aggressive Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 6.1%
	168,705		iShares MSCI EMU Index Fund	$	7,308,301		1.0
	304,401		iShares Russell 1000 Value Index Fund		36,074,562		5.1
		Total Exchange-Traded Funds (Cost $40,742,203)			43,382,863		6.1
MUTUAL FUNDS: 93.7%
			Affiliated Investment Companies: 92.2%
	2,302,306		Voya Emerging Markets Index Portfolio - Class I		27,696,738		3.9
	3,563,415		Voya Floating Rate Fund - Class I		35,028,372		4.9
	1,715,099		Voya High Yield Bond Fund - Class R6		14,012,363		2.0
	790,228		Voya Index Plus LargeCap Portfolio - Class I		21,367,772		3.0
	4,815,408		Voya Intermediate Bond Fund - Class R6		48,828,236		6.9
	2,065,291		Voya International Index Portfolio - Class I		21,396,413		3.0
	2,192,730		Voya Large Cap Growth Portfolio - Class I		42,253,909		5.9
	2,788,341		Voya Large Cap Value Fund - Class R6		38,925,247		5.5
	3,160,418		Voya MidCap Opportunities Portfolio - Class I		42,697,246		6.0
	1,092,225		Voya Multi-Manager Emerging Markets Equity Fund - Class I		13,980,484		1.9
	4,401,233		Voya Multi-Manager International Equity Fund - Class I		53,210,902		7.5
	4,246,706		Voya Multi-Manager International Factors Fund - Class I		46,076,760		6.5
	2,218,583		Voya Multi-Manager Large Cap Core Portfolio - Class I		35,430,774		5.0
	3,589,573		Voya Multi-Manager Mid Cap Value Fund - Class I		43,433,835		6.1
	2,079,502		Voya Small Company Portfolio - Class I		44,314,181		6.2
	650,041		Voya U.S. Bond Index Portfolio - Class I		6,903,430		1.0
	1,412,437		Voya U.S. Stock Index Portfolio - Class I		21,101,814		3.0
	580,664		VY® Clarion Global Real Estate Portfolio - Class I		6,921,512		1.0
	188,275		VY® Clarion Real Estate Portfolio - Class I		6,917,241		1.0
	1,517,148		VY® Invesco Comstock Portfolio - Class I		28,947,183		4.1
	1,292,324		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		35,112,440		4.9
	237,709	(1)	VY® T. Rowe Price Growth Equity Portfolio - Class I		20,892,226		2.9
					655,449,078		92.2
			Unaffiliated Investment Companies: 1.5%
	2,165,509	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		10,697,614		1.5
		Total Mutual Funds (Cost $629,169,738)			666,146,692		93.7
		Total Investments in Securities (Cost $669,911,941)		$	709,529,555		99.8
		Assets in Excess of Other Liabilities			1,280,409		0.2
		Net Assets		$	710,809,964		100.0

(1) Non-income producing security.

Voya Solution Moderately Aggressive Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	43,382,863		$	–	$	–	$	43,382,863
Mutual Funds		666,146,692			–		–		666,146,692
Total Investments, at fair value	$	709,529,555		$	–	$	–	$	709,529,555
Other Financial Instruments+
Futures		30,159			–		–		30,159
Total Assets	$	709,559,714		$	–	$	–	$	709,559,714
Liabilities Table
Other Financial Instruments+
Futures	$	(146,818	)	$	–	$	–	$	(146,818	)
Total Liabilities	$	(146,818	)	$	–	$	–	$	(146,818	)

+ Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) 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 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 09/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	13,697,941	$	14,242,424	$	(4,224,603	)	$	3,980,976		$	27,696,738	$	345,456	$	630,972		$	-
Voya Floating Rate Fund - Class I		20,781,804		17,606,370		(3,016,296	)		(343,506	)		35,028,372		886,420		(42,481	)		-
Voya Global Bond Fund - Class R6		13,630,379		842,813		(14,805,432	)		332,240			-		268,732		(107,953	)		-
Voya High Yield Bond Fund - Class R6		14,006,352		1,275,571		(1,455,755	)		186,195			14,012,363		573,837		34,982			-
Voya Index Plus LargeCap Portfolio - Class I		20,761,240		947,172		(2,367,517	)		2,026,877			21,367,772		340,014		344,890			389,574
Voya Intermediate Bond Fund - Class R6		35,984,089		16,954,602		(4,810,129	)		699,674			48,828,236		1,051,619		30,936			-
Voya International Core Fund - Class I		42,131,464		2,689,908		(7,161,334	)		8,416,722			46,076,760		-		(76,264	)		-
Voya International Index Portfolio - Class I		14,011,692		7,109,589		(2,492,976	)		2,768,108			21,396,413		512,582		(1,198	)		-
Voya Large Cap Growth Portfolio - Class I		37,494,815		20,934,954		(19,731,377	)		3,555,517			42,253,909		245,672		68,475			2,697,006
Voya Large Cap Value Fund - Class R6		31,491,888		11,917,292		(6,551,452	)		2,067,519			38,925,247		311,484		509,250			-
Voya MidCap Opportunities Portfolio - Class I		47,615,502		3,519,554		(15,374,566	)		6,936,756			42,697,246		70,407		(2,344,306	)		2,320,203
Voya Multi-Manager Emerging Markets Equity Fund - Class I		13,628,443		85,849		(3,529,814	)		3,796,006			13,980,484		-		709,207			-
Voya Multi-Manager International Equity Fund - Class I		55,494,611		938,781		(13,724,067	)		10,501,577			53,210,902		-		(424,779	)		-
Voya Multi-Manager Large Cap Core Portfolio - Class I		34,226,903		5,847,128		(6,736,194	)		2,092,937			35,430,774		82,263		367,779			2,078,636
Voya Multi-Manager Mid Cap Value Fund - Class I		48,640,205		2,023,671		(12,430,667	)		5,200,626			43,433,835		-		(1,294,739	)		-
Voya Small Company Portfolio - Class I		21,034,727		29,163,981		(3,804,445	)		(2,080,082	)		44,314,181		139,727		62,028			4,294,380
Voya U.S. Bond Index Portfolio - Class I		13,661,568		1,104,983		(8,140,281	)		277,160			6,903,430		171,996		(168,230	)		18,278
Voya U.S. Stock Index Portfolio - Class I		17,394,306		19,375,441		(15,713,550	)		45,617			21,101,814		69,609		1,457,410			1,345,827
VY® Clarion Global Real Estate Portfolio - Class I		6,994,370		549,627		(760,400	)		137,915			6,921,512		257,902		(15,032	)		-
VY® Clarion Real Estate Portfolio - Class I		7,046,351		632,949		(724,481	)		(37,578	)		6,917,241		166,092		54,395			-
VY® Invesco Comstock Portfolio - Class I		28,386,120		1,742,673		(3,418,394	)		2,236,784			28,947,183		122,712		281,008			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		34,303,039		2,435,245		(3,902,922	)		2,277,078			35,112,440		97,577		(13,433	)		1,651,477
VY® T. Rowe Price Growth Equity Portfolio - Class I		37,335,214		2,813,860		(24,010,530	)		4,753,682			20,892,226		13,249		429,687			2,554,710
	$	609,753,023	$	164,754,437	$	(178,887,182	)	$	59,828,800		$	655,449,078	$	5,727,350	$	492,604		$	17,350,091

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

At September 30, 2017, the following futures contracts were outstanding for Voya Solution Moderately Aggressive Portfolio:

Contract Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Long Contracts
Tokyo Price Index (TOPIX)	96	12/07/17	$	14,290,158		$	30,159
			$	14,290,158		$	30,159
Short Contracts
Mini MSCI EAFE Index	(144)	12/15/17		(14,244,480	)		(146,818	)
			$	(14,244,480	)	$	(146,818	)

A summary of derivative instruments by primary risk exposure is outlined in the following table.

The fair value of derivative instruments as of September 30, 2017 were as follows:

Derivatives not accounted for as hedging instruments

		Fair Value
Asset Derivatives	Instrument Type
Equity contracts	Futures contracts	$	30,159
Total Asset Derivatives		$	30,159
Liability Derivatives	Instrument Type
Equity contracts	Futures contracts	$	146,818
Total Liability Derivatives		$	146,818

Voya Solution Moderately Aggressive Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $681,222,436.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	41,012,393
Gross Unrealized Depreciation		(12,791,817	)
Net Unrealized Appreciation	$	28,220,576

Voya Solution Moderately Conservative Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 3.0%
	8,012		iShares MSCI EMU Index Fund	$	347,080		1.0
	5,783		iShares Russell 1000 Value Index Fund		685,343		2.0
			Total Exchange-Traded Funds
			(Cost $998,221)		1,032,423		3.0
MUTUAL FUNDS: 96.9%
			Affiliated Investment Companies: 94.9%
	97,504		Voya Emerging Markets Index Portfolio - Class I		1,172,979		3.4
	241,607		Voya Floating Rate Fund - Class I		2,374,994		7.0
	67,039		Voya Global Bond Fund - Class R6		671,056		2.0
	249,891		Voya High Yield Bond Fund - Class R6		2,041,612		6.0
	333,900		Voya Intermediate Bond Fund - Class R6		3,385,744		9.9
	66,848		Voya International Index Portfolio - Class I		692,546		2.0
	62,041		Voya Large Cap Growth Portfolio - Class I		1,195,526		3.5
	87,126		Voya Large Cap Value Fund - Class R6		1,216,286		3.6
	63,937		Voya MidCap Opportunities Portfolio - Class I		863,788		2.5
	71,236		Voya Multi-Manager International Equity Fund - Class I		861,239		2.5
	79,311		Voya Multi-Manager International Factors Fund - Class I		860,519		2.5
	72,596		Voya Multi-Manager Mid Cap Value Fund - Class I		878,406		2.6
	273,401		Voya Short Term Bond Fund - Class R6		2,692,997		7.9
	50,227		Voya Small Company Portfolio - Class I		1,070,343		3.1
	236,839		Voya U.S. Bond Index Portfolio - Class I		2,515,235		7.4
	104,423		Voya U.S. Stock Index Portfolio - Class I		1,560,072		4.6
	140,563		VY® BlackRock Inflation Protected Bond Portfolio - Class I		1,339,570		3.9
	28,208		VY® Clarion Global Real Estate Portfolio - Class I		336,245		1.0
	9,146		VY® Clarion Real Estate Portfolio - Class I		336,027		1.0
	215,507		VY® Goldman Sachs Bond Portfolio - Class I		2,180,930		6.4
	36,567		VY® Invesco Comstock Portfolio - Class I		697,695		2.1
	125,526		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		3,410,539		10.0
					32,354,348		94.9
			Unaffiliated Investment Companies: 2.0%
	137,051	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		677,033		2.0
		Total Mutual Funds
		(Cost $32,006,589)			33,031,381		96.9
		Total Investments in Securities (Cost $33,004,810)		$	34,063,804		99.9
		Assets in Excess of Other Liabilities			35,323		0.1
		Net Assets		$	34,099,127		100.0

(1) Non-income producing security.

Voya Solution Moderately Conservative Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	1,032,423		$	–	$	–	$	1,032,423
Mutual Funds		33,031,381			–		–		33,031,381
Total Investments, at fair value	$	34,063,804		$	–	$	–	$	34,063,804
Other Financial Instruments+
Futures		1,571			–		–		1,571
Total Assets	$	34,065,375		$	–	$	–	$	34,065,375
Liabilities Table
Other Financial Instruments+
Futures	$	(7,137	)	$	–	$	–	$	(7,137	)
Total Liabilities	$	(7,137	)	$	–	$	–	$	(7,137	)

+ Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) on the instrument.  OTC swaps and written options are valued at the fair value of the instrument.

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 09/30/17		Investment Income		Realized Gains/(Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	704,605	$	592,809	$	(301,097	)	$	176,662		$	1,172,979	$	13,307	$	28,318		$	-
Voya Floating Rate Fund - Class I		2,137,490		762,178		(508,606	)		(16,068	)		2,374,994		67,563		(12,454	)		-
Voya Global Bond Fund - Class R6		1,752,536		209,476		(1,342,945	)		51,989			671,056		45,686		(8,848	)		-
Voya High Yield Bond Fund - Class R6		2,160,759		332,752		(485,512	)		33,613			2,041,612		82,371		(838	)		-
Voya Intermediate Bond Fund - Class R6		1,032,437		2,689,814		(365,856	)		29,349			3,385,744		55,124		3,745			-
Voya International Core Fund - Class I		902,606		95,270		(287,448	)		150,091			860,519		-		10,175			-
Voya International Index Portfolio - Class I		720,428		92,008		(237,942	)		118,052			692,546		15,792		(6,884	)		-
Voya Large Cap Growth Portfolio - Class I		525,813		843,048		(195,565	)		22,230			1,195,526		7,326		325			80,423
Voya Large Cap Value Fund - Class R6		362,284		987,299		(161,129	)		27,832			1,216,286		6,173		28,285			-
Voya MidCap Opportunities Portfolio - Class I		1,311,645		175,397		(800,809	)		177,555			863,788		1,732		(53,007	)		45,286
Voya Multi-Manager International Equity Fund - Class I		891,764		95,270		(266,188	)		140,393			861,239		-		13,831			-
Voya Multi-Manager Mid Cap Value Fund - Class I		1,339,779		144,797		(722,499	)		116,329			878,406		-		(25,376	)		-
Voya Short Term Bond Fund - Class R6		3,171,325		504,598		(1,003,080	)		20,154			2,692,997		38,418		(14,361	)		-
Voya Small Company Portfolio - Class I		720,942		603,656		(214,747	)		(39,508	)		1,070,343		3,202		4,279			98,418
Voya U.S. Bond Index Portfolio - Class I		2,634,775		449,372		(591,099	)		22,187			2,515,235		43,058		(2,517	)		6,471
Voya U.S. Stock Index Portfolio - Class I		895,000		1,705,282		(1,066,839	)		26,629			1,560,072		4,572		53,243			88,403
VY® BlackRock Inflation Protected Bond Portfolio - Class I		1,406,582		257,697		(323,785	)		(924	)		1,339,570		20,686		(2,734	)		-
VY® Clarion Global Real Estate Portfolio - Class I		359,616		56,858		(88,330	)		8,101			336,245		12,235		(2,305	)		-
VY® Clarion Real Estate Portfolio - Class I		362,244		61,385		(85,927	)		(1,675	)		336,027		7,882		2,666			-
VY® Goldman Sachs Bond Portfolio - Class I		3,726,858		449,098		(2,000,152	)		5,126			2,180,930		48,730		26,210			-
VY® Invesco Comstock Portfolio - Class I		729,813		102,966		(168,353	)		33,269			697,695		2,903		28,472			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		3,527,976		546,678		(942,958	)		278,843			3,410,539		9,239		(54,921	)		156,360
VY® T. Rowe Price Equity Income Portfolio - Class I		1,437,718		169,355		(1,596,541	)		(10,532	)		-		-		61,133			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		523,599		21,788		(565,773	)		20,386			-		-		54,084			-
	$	33,338,594	$	11,948,851	$	(14,323,180	)	$	1,390,083		$	32,354,348	$	485,999	$	130,521		$	475,361

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

At September 30, 2017, the following futures contracts were outstanding for Voya Solution Moderately Conservative Portfolio:

Contract Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Long Contracts
Tokyo Price Index (TOPIX)	5	12/07/17	$	744,279		$	1,571
			$	744,279		$	1,571
Short Contracts
Mini MSCI EAFE Index	(7)	12/15/17		(692,440	)		(7,137	)
			$	(692,440	)	$	(7,137	)

A summary of derivative instruments by primary risk exposure is outlined in the following table.

The fair value of derivative instruments as of September 30, 2017 were as follows:

Derivatives not accounted for as hedging instruments		Fair Value
Asset Derivatives	Instrument Type
Equity contracts	Futures contracts	$	1,571
Total Asset Derivatives		$	1,571
Liability Derivatives	Instrument Type
Equity contracts	Futures contracts	$	7,137
Total Liability Derivatives		$	7,137

Voya Solution Moderately Conservative Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $34,148,250.

Net unrealized depreciation consisted of:

Gross Unrealized Appreciation	$	1,145,106
Gross Unrealized Depreciation		(1,233,549	)
Net Unrealized Depreciation	$	(88,443	)

Voya Solution 2020 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 5.1%
	6,394		iShares MSCI Emerging Markets Index Fund	$	286,515		1.0
	6,881		iShares MSCI EMU Index Fund		298,085		1.0
	2,483		iShares Russell 1000 Value Index Fund		294,260		1.0
	10,763		WisdomTree Japan Hedged Equity Fund		588,736		2.1
		Total Exchange-Traded Funds
		(Cost $1,417,456)			1,467,596		5.1

MUTUAL FUNDS: 94.8%
			Affiliated Investment Companies: 93.3%
	145,462		Voya Floating Rate Fund - Class I		1,429,892	5.0
	85,085		Voya Global Bond Fund - Class R6		851,704	3.0
	70,514		Voya High Yield Bond Fund - Class R6		576,098	2.0
	280,492		Voya Intermediate Bond Fund - Class R6		2,844,184	9.8
	27,796		Voya International Index Portfolio - Class I		287,963	1.0
	75,049		Voya Large Cap Growth Portfolio - Class I		1,446,192	5.0
	52,351		Voya Large Cap Value Fund - Class R6		730,819	2.5
	32,494		Voya MidCap Opportunities Portfolio - Class I		438,998	1.5
	55,986		Voya Multi-Manager Emerging Markets Equity Fund - Class I		716,619	2.5
	72,390		Voya Multi-Manager International Equity Fund - Class I		875,197	3.0
	134,321		Voya Multi-Manager International Factors Fund - Class I		1,457,377	5.0
	45,821		Voya Multi-Manager Large Cap Core Portfolio - Class I		731,767	2.5
	36,911		Voya Multi-Manager Mid Cap Value Fund - Class I		446,627	1.5
	209,710		Voya Short Term Bond Fund - Class R6		2,065,639	7.1
	43,069		Voya Small Company Portfolio - Class I		917,802	3.2
	77,497		Voya U.S. Bond Index Portfolio - Class I		823,016	2.9
	156,223		Voya U.S. Stock Index Portfolio - Class I		2,333,973	8.1
	148,686		VY® BlackRock Inflation Protected Bond Portfolio - Class I		1,416,982	4.9
	23,870		VY® Clarion Global Real Estate Portfolio - Class I		284,524	1.0
	7,739		VY® Clarion Real Estate Portfolio - Class I		284,320	1.0
	191,299		VY® Goldman Sachs Bond Portfolio - Class I		1,935,944	6.7
	39,411		VY® Invesco Comstock Portfolio - Class I		751,968	2.6
	106,272		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		2,887,408	10.0
	4,907	(1)	VY® T. Rowe Price Growth Equity Portfolio - Class I		431,260	1.5
					26,966,273	93.3
			Unaffiliated Investment Companies: 1.5%
	88,271	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		436,061	1.5
		Total Mutual Funds
		(Cost $26,596,027)			27,402,334	94.8
		Total Investments in Securities (Cost $28,013,483)		$	28,869,930	99.9
		Assets in Excess of Other Liabilities			42,722	0.1
		Net Assets		$	28,912,652	100.0

(1) Non-income producing security.

Voya Solution 2020 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	1,467,596	$	–	$	–	$	1,467,596
Mutual Funds		27,402,334		–		–		27,402,334
Total Investments, at fair value	$	28,869,930	$	–	$	–	$	28,869,930

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 09/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Floating Rate Fund - Class I	$	1,110,510	$	638,308	$	(292,481	)	$	(26,445	)	$	1,429,892	$	41,229	$	8,510		$	-
Voya Global Bond Fund - Class R6		1,312,994		572,231		(1,080,174	)		46,653			851,704		44,986		(2,002	)		-
Voya High Yield Bond Fund - Class R6		448,744		239,959		(111,576	)		(1,029	)		576,098		21,960		8,820			-
Voya Intermediate Bond Fund - Class R6		991,201		2,325,529		(502,946	)		30,400			2,844,184		49,454		235			-
Voya International Core Fund - Class I		1,349,208		576,366		(648,432	)		180,235			1,457,377		-		96,454			-
Voya International Index Portfolio - Class I		448,823		593,678		(760,537	)		5,999			287,963		20,243		115,795			-
Voya Large Cap Growth Portfolio - Class I		765,781		1,063,941		(433,438	)		49,908			1,446,192		8,662		19,881			95,094
Voya Large Cap Value Fund - Class R6		450,982		462,010		(188,122	)		5,949			730,819		5,479		37,296			-
Voya MidCap Opportunities Portfolio - Class I		545,865		246,534		(385,705	)		32,304			438,998		983		26,786			22,385
Voya Multi-Manager Emerging Markets Equity Fund - Class I		-		839,177		(208,487	)		85,929			716,619		-		21,789			-
Voya Multi-Manager International Equity Fund - Class I		667,223		501,043		(385,775	)		92,706			875,197		-		34,108			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		1,333,324		513,084		(1,111,369	)		(3,272	)		731,767		1,603		107,717			40,493
Voya Multi-Manager Mid Cap Value Fund - Class I		556,412		232,011		(344,845	)		3,049			446,627		-		40,139			-
Voya Short Term Bond Fund - Class R6		934,435		1,511,957		(383,644	)		2,891			2,065,639		21,840		(1,098	)		-
Voya Small Company Portfolio - Class I		448,939		677,905		(156,087	)		(52,955	)		917,802		2,755		19,095			84,684
Voya U.S. Bond Index Portfolio - Class I		1,331,484		576,843		(1,124,319	)		39,008			823,016		19,298		(26,643	)		2,051
Voya U.S. Stock Index Portfolio - Class I		1,006,181		2,128,838		(847,678	)		46,632			2,333,973		5,381		60,149			104,038
VY® BlackRock Inflation Protected Bond Portfolio - Class I		1,536,704		751,835		(852,670	)		(18,887	)		1,416,982		22,864		19,196			-
VY® Clarion Global Real Estate Portfolio - Class I		224,349		118,612		(63,862	)		5,425			284,524		10,009		(1,000	)		-
VY® Clarion Real Estate Portfolio - Class I		225,928		123,666		(61,867	)		(3,407	)		284,320		6,444		3,715			-
VY® Goldman Sachs Bond Portfolio - Class I		1,098,811		1,213,244		(379,508	)		3,397			1,935,944		42,013		(384	)		-
VY® Invesco Comstock Portfolio - Class I		680,809		301,480		(233,542	)		3,221			751,968		3,056		59,411			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		2,201,074		1,166,682		(608,401	)		128,053			2,887,408		7,577		36,400			128,242
VY® T. Rowe Price Equity Income Portfolio - Class I		447,275		121,870		(562,475	)		(6,670	)		-		-		24,665			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		762,713		320,545		(685,418	)		33,420			431,260		227		86,538			43,818
	$	20,879,769	$	17,817,348	$	(12,413,358	)	$	682,514		$	26,966,273	$	336,063	$	795,572		$	520,805

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

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $28,134,664.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	901,684
Gross Unrealized Depreciation		(166,418	)
Net Unrealized Appreciation	$	735,266

Voya Solution 2025 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 3.3%
	70,967		iShares Barclays 20+ Year Treasury Bond Fund	$	8,853,843		1.0
	217,746		iShares MSCI EMU Index Fund		9,432,757		1.0
	98,222		iShares Russell 1000 Value Index Fund		11,640,289		1.3
		Total Exchange-Traded Funds
		(Cost $28,999,581)			29,926,889		3.3
MUTUAL FUNDS: 96.5%
			Affiliated Investment Companies: 95.0%
	2,224,107		Voya Emerging Markets Index Portfolio - Class I		26,756,008		2.9
	4,588,153		Voya Floating Rate Fund - Class I		45,101,544		5.0
	2,678,927		Voya Global Bond Fund - Class R6		26,816,055		2.9
	2,221,720		Voya High Yield Bond Fund - Class R6		18,151,456		2.0
	8,621,355		Voya Intermediate Bond Fund - Class R6		87,420,541		9.6
	3,559,328		Voya International Index Portfolio - Class I		36,874,642		4.0
	2,830,877		Voya Large Cap Growth Portfolio - Class I		54,550,992		6.0
	1,971,916		Voya Large Cap Value Fund - Class R6		27,527,941		3.0
	1,532,030		Voya MidCap Opportunities Portfolio - Class I		20,697,725		2.3
	1,411,730		Voya Multi-Manager Emerging Markets Equity Fund - Class I		18,070,147		2.0
	3,413,329		Voya Multi-Manager International Equity Fund - Class I		41,267,150		4.5
	4,644,605		Voya Multi-Manager International Factors Fund - Class I		50,393,963		5.5
	2,296,184		Voya Multi-Manager Large Cap Core Portfolio - Class I		36,670,056		4.0
	1,740,013		Voya Multi-Manager Mid Cap Value Fund - Class I		21,054,152		2.3
	2,965,110		Voya Short Term Bond Fund - Class R6		29,206,337		3.2
	1,327,780		Voya Small Company Portfolio - Class I		28,294,991		3.1
	6,123,588		Voya U.S. Stock Index Portfolio - Class I		91,486,411		10.0
	750,500		VY® Clarion Global Real Estate Portfolio - Class I		8,945,960		1.0
	243,342		VY® Clarion Real Estate Portfolio - Class I		8,940,386		1.0
	5,291,393		VY® Goldman Sachs Bond Portfolio - Class I		53,548,895		5.9
	1,465,120		VY® Invesco Comstock Portfolio - Class I		27,954,490		3.1
	3,340,821		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		90,770,104		10.0
	179,944	(1)	VY® T. Rowe Price Growth Equity Portfolio - Class I		15,815,254		1.7
					866,315,200		95.0
			Unaffiliated Investment Companies: 1.5%
	2,795,737	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		13,810,939		1.5
		Total Mutual Funds
		(Cost $842,111,520)			880,126,139		96.5
		Total Investments in Securities (Cost $871,111,101)		$	910,053,028		99.8
		Assets in Excess of Other Liabilities			1,410,721		0.2
		Net Assets		$	911,463,749		100.0

(1) Non-income producing security.

Voya Solution 2025 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	29,926,889		$	–	$	–	$	29,926,889
Mutual Funds		880,126,139			–		–		880,126,139
Total Investments, at fair value	$	910,053,028		$	–	$	–	$	910,053,028
Other Financial Instruments+
Futures		38,642			–		–		38,642
Total Assets	$	910,091,670		$	–	$	–	$	910,091,670
Liabilities Table
Other Financial Instruments+
Futures	$	(189,640	)	$	–	$	–	$	(189,640	)
Total Liabilities	$	(189,640	)	$	–	$	–	$	(189,640	)

+ Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) 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 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 09/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	17,744,852	$	10,243,739	$	(5,604,345	)	$	4,371,762		$	26,756,008	$	301,950	$	623,193		$	-
Voya Floating Rate Fund - Class I		44,882,064		6,671,592		(6,031,926	)		(420,186	)		45,101,544		1,391,120		(168,103	)		-
Voya Global Bond Fund - Class R6		52,960,688		4,887,362		(33,186,461	)		2,154,466			26,816,055		1,556,277		(609,998	)		-
Voya High Yield Bond Fund - Class R6		18,153,839		2,051,645		(2,450,916	)		396,888			18,151,456		740,994		(105,386	)		-
Voya Intermediate Bond Fund - Class R6		39,997,229		56,303,041		(9,959,729	)		1,080,000			87,420,541		1,616,835		(26,711	)		-
Voya International Core Fund - Class I		54,607,258		7,399,380		(23,234,356	)		11,621,681			50,393,963		-		(2,620,834	)		-
Voya International Index Portfolio - Class I		18,158,620		24,773,933		(12,515,119	)		6,457,208			36,874,642		895,907		(370,826	)		-
Voya Large Cap Growth Portfolio - Class I		35,320,276		23,997,672		(7,478,936	)		2,711,980			54,550,992		344,443		307,667			3,781,317
Voya Large Cap Value Fund - Class R6		18,272,247		12,690,545		(4,878,151	)		1,443,300			27,527,941		198,074		232,077			-
Voya MidCap Opportunities Portfolio - Class I		30,842,492		2,595,694		(16,826,774	)		4,086,313			20,697,725		45,720		(1,079,762	)		1,131,080
Voya Multi-Manager Emerging Markets Equity Fund - Class I		8,825,764		9,231,889		(3,974,613	)		3,987,107			18,070,147		-		339,667			-
Voya Multi-Manager International Equity Fund - Class I		53,927,891		1,517,296		(21,943,685	)		7,765,648			41,267,150		-		196,118			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		61,037,724		7,775,560		(33,481,388	)		1,338,160			36,670,056		83,414		3,021,920			2,107,725
Voya Multi-Manager Mid Cap Value Fund - Class I		31,519,136		1,853,992		(16,159,830	)		3,840,854			21,054,152		-		(1,659,501	)		-
Voya Short Term Bond Fund - Class R6		19,974,891		12,576,000		(3,443,934	)		99,380			29,206,337		345,286		(60,321	)		-
Voya Small Company Portfolio - Class I		27,265,755		6,457,280		(4,731,210	)		(696,834	)		28,294,991		91,285		(90,318	)		2,805,569
Voya U.S. Bond Index Portfolio - Class I		34,778,247		3,883,093		(39,382,041	)		720,701			-		264,845		(458,421	)		-
Voya U.S. Stock Index Portfolio - Class I		27,051,477		90,423,153		(27,450,720	)		1,462,501			91,486,411		246,103		1,672,209			4,758,214
VY® Clarion Global Real Estate Portfolio - Class I		9,064,818		928,192		(1,230,362	)		183,312			8,945,960		330,542		(20,834	)		-
VY® Clarion Real Estate Portfolio - Class I		9,136,679		1,101,655		(1,011,958	)		(285,990	)		8,940,386		212,786		308,487			-
VY® Goldman Sachs Bond Portfolio - Class I		35,454,120		24,183,749		(6,064,422	)		(24,552	)		53,548,895		1,215,395		116,421			-
VY® Invesco Comstock Portfolio - Class I		36,833,252		1,836,567		(11,825,347	)		1,110,018			27,954,490		118,193		1,519,809			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		88,866,305		8,177,137		(12,286,102	)		6,012,764			90,770,104		250,254		(137,084	)		4,235,509
VY® T. Rowe Price Equity Income Portfolio - Class I		18,106,023		334,121		(18,367,276	)		(72,868	)		-		-		738,934			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		35,159,519		2,609,383		(28,169,172	)		6,215,524			15,815,254		-		(1,205,742	)		1,651,116
	$	827,941,166	$	324,503,670	$	(351,688,773	)	$	65,559,137		$	866,315,200	$	10,249,423	$	462,661		$	20,470,530

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

At September 30, 2017, the following futures contracts were outstanding for Voya Solution 2025 Portfolio:

Contract Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Long Contracts
Tokyo Price Index (TOPIX)	123	12/07/17	$	18,309,265		$	38,642
			$	18,309,265		$	38,642
Short Contracts
Mini MSCI EAFE Index	(186)	12/15/17		(18,399,120	)		(189,640	)
			$	(18,399,120	)	$	(189,640	)

A summary of derivative instruments by primary risk exposure is outlined in the following table.

The fair value of derivative instruments as of September 30, 2017 were as follows:

Derivatives not accounted for as hedging instruments

		Fair Value
Asset Derivatives	Instrument Type
Equity contracts	Futures contracts	$	38,642
Total Asset Derivatives		$	38,642
Liability Derivatives	Instrument Type
Equity contracts	Futures contracts	$	189,640
Total Liability Derivatives		$	189,640

Voya Solution 2025 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $888,984,483.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	42,255,152
Gross Unrealized Depreciation		(21,299,019	)
Net Unrealized Appreciation	$	20,956,133

Voya Solution 2030 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 7.3%
	2,062		iShares Barclays 20+ Year Treasury Bond Fund	$	257,255		0.9
	5,878		iShares MSCI Emerging Markets Index Fund		263,393		1.0
	6,326		iShares MSCI EMU Index Fund		274,043		1.0
	5,707		iShares Russell 1000 Value Index Fund		676,337		2.4
	10,216		WisdomTree Japan Hedged Equity Fund		558,815		2.0
		Total Exchange-Traded Funds (Cost $1,969,901)			2,029,843		7.3
MUTUAL FUNDS: 92.6%
			Affiliated Investment Companies: 91.1%
	44,991		Voya Emerging Markets Index Portfolio - Class I		541,247		2.0
	138,799		Voya Floating Rate Fund - Class I		1,364,397		4.9
	67,269		Voya High Yield Bond Fund - Class R6		549,591		2.0
	30,994		Voya Index Plus LargeCap Portfolio - Class I		838,075		3.0
	180,837		Voya Intermediate Bond Fund - Class R6		1,833,686		6.6
	54,385		Voya International Index Portfolio - Class I		563,431		2.0
	85,900		Voya Large Cap Growth Portfolio - Class I		1,655,289		6.0
	61,336		Voya Large Cap Value Fund - Class R6		856,251		3.1
	51,648		Voya MidCap Opportunities Portfolio - Class I		697,764		2.5
	64,891		Voya Multi-Manager Emerging Markets Equity Fund - Class I		830,607		3.0
	138,059		Voya Multi-Manager International Equity Fund - Class I		1,669,129		6.0
	179,327		Voya Multi-Manager International Factors Fund - Class I		1,945,702		7.0
	69,925		Voya Multi-Manager Large Cap Core Portfolio - Class I		1,116,705		4.0
	58,655		Voya Multi-Manager Mid Cap Value Fund - Class I		709,729		2.6
	54,722		Voya Small Company Portfolio - Class I		1,166,135		4.2
	168,669		Voya U.S. Stock Index Portfolio - Class I		2,519,920		9.1
	34,168		VY® Clarion Global Real Estate Portfolio - Class I		407,280		1.5
	11,079		VY® Clarion Real Estate Portfolio - Class I		407,029		1.5
	113,302		VY® Goldman Sachs Bond Portfolio - Class I		1,146,612		4.1
	45,078		VY® Invesco Comstock Portfolio - Class I		860,091		3.1
	101,127		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		2,747,629		9.9
	9,360	(1)	VY® T. Rowe Price Growth Equity Portfolio - Class I		822,680		3.0
					25,248,979		91.1
			Unaffiliated Investment Companies: 1.5%
	80,980	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		400,043		1.5
		Total Mutual Funds (Cost $24,585,030)			25,649,022		92.6
		Total Investments in Securities (Cost $26,554,931)		$	27,678,865		99.9
		Assets in Excess of Other Liabilities			33,792		0.1
		Net Assets		$	27,712,657		100.0

(1) Non-income producing security.

Voya Solution 2030 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	2,029,843	$	–	$	–	$	2,029,843
Mutual Funds		25,649,022		–		–		25,649,022
Total Investments, at fair value	$	27,678,865	$	–	$	–	$	27,678,865

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 09/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	295,424	$	284,689	$	(119,045	)	$	80,179		$	541,247	$	6,731	$	13,837		$	-
Voya Floating Rate Fund - Class I		745,459		813,383		(174,450	)		(19,995	)		1,364,397		32,691		5,517			-
Voya High Yield Bond Fund - Class R6		301,238		314,557		(67,675	)		1,471			549,591		17,450		4,311			-
Voya Index Plus LargeCap Portfolio - Class I		446,418		440,890		(103,901	)		54,668			838,075		9,942		15,338			11,391
Voya Intermediate Bond Fund - Class R6		554,508		1,508,869		(247,307	)		17,616			1,833,686		28,936		71			-
Voya International Core Fund - Class I		981,298		1,227,088		(458,459	)		195,775			1,945,702		-		44,626			-
Voya International Index Portfolio - Class I		301,304		1,166,454		(926,256	)		21,929			563,431		20,089		119,641			-
Voya Large Cap Growth Portfolio - Class I		660,430		1,246,941		(305,473	)		53,391			1,655,289		8,953		10,273			98,286
Voya Large Cap Value Fund - Class R6		302,679		816,823		(264,306	)		1,055			856,251		4,790		38,337			-
Voya MidCap Opportunities Portfolio - Class I		512,733		451,483		(306,273	)		39,821			697,764		1,007		18,431			31,094
Voya Multi-Manager Emerging Markets Equity Fund - Class I		293,891		621,190		(191,656	)		107,182			830,607		-		63,850			-
Voya Multi-Manager International Equity Fund - Class I		970,469		942,711		(429,260	)		185,209			1,669,129		-		27,886			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		1,192,901		848,835		(926,905	)		1,874			1,116,705		2,204		97,461			55,693
Voya Multi-Manager Mid Cap Value Fund - Class I		522,688		429,980		(264,774	)		21,835			709,729		-		32,314			-
Voya Short Term Bond Fund - Class R6		184,582		83,845		(269,473	)		1,046			-		1,347		(582	)		-
Voya Small Company Portfolio - Class I		451,949		866,553		(116,049	)		(36,318	)		1,166,135		2,719		16,415			83,562
Voya U.S. Bond Index Portfolio - Class I		290,509		263,629		(559,571	)		5,433			-		2,531		(2,614	)		-
Voya U.S. Stock Index Portfolio - Class I		812,727		2,373,868		(713,366	)		46,691			2,519,920		5,277		47,462			102,019
VY® Clarion Global Real Estate Portfolio - Class I		226,033		231,282		(51,536	)		1,501			407,280		12,909		2,454			-
VY® Clarion Real Estate Portfolio - Class I		227,661		235,938		(53,177	)		(3,393	)		407,029		8,320		3,291			-
VY® Goldman Sachs Bond Portfolio - Class I		295,098		967,490		(113,408	)		(2,568	)		1,146,612		22,411		(1,054	)		-
VY® Invesco Comstock Portfolio - Class I		761,426		552,279		(440,167	)		(13,447	)		860,091		3,208		81,433			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		1,477,146		1,527,467		(355,133	)		98,149			2,747,629		6,506		16,253			110,114
VY® T. Rowe Price Equity Income Portfolio - Class I		300,141		115,970		(412,053	)		(4,058	)		-		-		16,807			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		657,787		580,176		(463,022	)		47,739			822,680		395		52,548			76,087
	$	13,766,499	$	18,912,390	$	(8,332,695	)	$	902,785		$	25,248,979	$	198,416	$	724,306		$	568,246

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

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $26,646,288.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	1,146,072
Gross Unrealized Depreciation		(113,495	)
Net Unrealized Appreciation	$	1,032,577

	PORTFOLIO OF INVESTMENTS
Voya Solution 2035 Portfolio	as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 3.5%
	213,281		iShares MSCI EMU Index Fund	$	9,239,333		1.0
	192,415		iShares Russell 1000 Value Index Fund		22,803,102		2.5
		Total Exchange-Traded Funds (Cost $30,977,227)			32,042,435		3.5
MUTUAL FUNDS: 96.3%
			Affiliated Investment Companies: 94.8%
	2,185,475		Voya Emerging Markets Index Portfolio - Class I		26,291,260		2.9
	4,527,926		Voya Floating Rate Fund - Class I		44,509,512		4.9
	2,178,625		Voya High Yield Bond Fund - Class R6		17,799,369		2.0
	1,003,809		Voya Index Plus LargeCap Portfolio - Class I		27,142,982		3.0
	4,539,387		Voya Intermediate Bond Fund - Class R6		46,029,386		5.1
	4,372,189		Voya International Index Portfolio - Class I		45,295,877		5.0
	3,251,650		Voya Large Cap Growth Portfolio - Class I		62,659,289		7.0
	1,929,376		Voya Large Cap Value Fund - Class R6		26,934,085		3.0
	2,341,979		Voya MidCap Opportunities Portfolio - Class I		31,640,141		3.5
	2,774,685		Voya Multi-Manager Emerging Markets Equity Fund - Class I		35,515,972		3.9
	5,217,805		Voya Multi-Manager International Equity Fund - Class I		63,083,262		7.0
	5,809,126		Voya Multi-Manager International Factors Fund - Class I		63,029,017		7.0
	4,428,546		Voya Multi-Manager Large Cap Core Portfolio - Class I		70,723,883		7.8
	2,659,914		Voya Multi-Manager Mid Cap Value Fund - Class I		32,184,954		3.6
	1,755,429		Voya Small Company Portfolio - Class I		37,408,196		4.2
	4,825,277		Voya U.S. Stock Index Portfolio - Class I		72,089,642		8.0
	1,106,332		VY® Clarion Global Real Estate Portfolio - Class I		13,187,474		1.5
	358,721		VY® Clarion Real Estate Portfolio - Class I		13,179,428		1.5
	1,930,419		VY® Invesco Comstock Portfolio - Class I		36,832,388		4.1
	2,298,236		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		62,443,083		6.9
	300,904	(1)	VY® T. Rowe Price Growth Equity Portfolio - Class I		26,446,489		2.9
					854,425,689		94.8
			Unaffiliated Investment Companies: 1.5%
	2,737,707	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		13,524,272		1.5
		Total Mutual Funds (Cost $814,831,797)			867,949,961		96.3
		Total Investments in Securities (Cost $845,809,024)		$	899,992,396		99.8
		Assets in Excess of Other Liabilities			1,487,397		0.2
		Net Assets		$	901,479,793		100.0

(1) Non-income producing security.

	PORTFOLIO OF INVESTMENTS
Voya Solution 2035 Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	32,042,435		$	–	$	–	$	32,042,435
Mutual Funds		867,949,961			–		–		867,949,961
Total Investments, at fair value	$	899,992,396		$	–	$	–	$	899,992,396
Other Financial Instruments+
Futures		38,327			–		–		38,327
Total Assets	$	900,030,723		$	–	$	–	$	900,030,723
Liabilities Table
Other Financial Instruments+
Futures	$	(186,581	)	$	–	$	–	$	(186,581	)
Total Liabilities	$	(186,581	)	$	–	$	–	$	(186,581	)

+ Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) 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 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 09/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	16,866,148	$	9,877,468	$	(4,727,543	)	$	4,275,187		$	26,291,260	$	291,680	$	534,960		$	-
Voya Floating Rate Fund - Class I		42,658,867		7,447,422		(5,169,130	)		(427,647	)		44,509,512		1,342,446		(141,157	)		-
Voya High Yield Bond Fund - Class R6		17,254,641		2,279,334		(1,979,282	)		244,676			17,799,369		714,903		31,907			-
Voya Index Plus LargeCap Portfolio - Class I		25,570,146		2,020,712		(2,972,434	)		2,524,558			27,142,982		430,767		402,778			-
Voya Intermediate Bond Fund - Class R6		24,922,276		24,834,324		(4,320,395	)		593,181			46,029,386		885,493		(5,158	)		-
Voya International Core Fund - Class I		64,880,186		13,779,449		(29,587,420	)		13,956,802			63,029,017		-		(3,323,792	)		-
Voya International Index Portfolio - Class I		17,260,051		37,114,977		(16,795,652	)		7,716,501			45,295,877		1,081,717		(166,471	)		-
Voya Large Cap Growth Portfolio - Class I		50,356,044		32,442,808		(22,379,036	)		2,239,473			62,659,289		334,329		2,751,963			3,670,284
Voya Large Cap Value Fund - Class R6		25,385,505		5,536,911		(5,944,125	)		1,955,794			26,934,085		237,243		(73,869	)		-
Voya MidCap Opportunities Portfolio - Class I		29,314,584		3,527,950		(4,419,117	)		3,216,724			31,640,141		44,000		(414,857	)		1,699,949
Voya Multi-Manager Emerging Markets Equity Fund - Class I		33,554,846		1,198,898		(9,716,662	)		10,478,890			35,515,972		-		709,106			-
Voya Multi-Manager International Equity Fund - Class I		81,160,453		2,924,427		(35,498,687	)		14,497,069			63,083,262		-		(2,463,939	)		-
Voya Multi-Manager Large Cap Core Portfolio - Class I		73,362,446		11,168,699		(19,181,774	)		5,374,512			70,723,883		159,424		(31,318	)		4,028,350
Voya Multi-Manager Mid Cap Value Fund - Class I		29,956,636		3,176,412		(4,323,168	)		3,375,074			32,184,954		-		(720,712	)		-
Voya Small Company Portfolio - Class I		25,915,169		17,086,021		(4,267,457	)		(1,325,537	)		37,408,196		117,801		(36,910	)		4,114,051
Voya U.S. Bond Index Portfolio - Class I		8,158,275		1,243,054		(9,603,808	)		202,479			-		62,681		(140,629	)		-
Voya U.S. Stock Index Portfolio - Class I		34,280,199		59,952,907		(24,107,576	)		1,964,112			72,089,642		195,233		1,398,985
VY® Clarion Global Real Estate Portfolio - Class I		12,925,541		1,542,417		(1,501,908	)		221,424			13,187,474		481,136		6,484			-
VY® Clarion Real Estate Portfolio - Class I		13,028,119		1,684,852		(1,125,000	)		(408,543	)		13,179,428		309,705		437,789			-
VY® Invesco Comstock Portfolio - Class I		43,755,087		2,371,230		(11,464,438	)		2,170,509			36,832,388		153,819		1,154,509			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		59,125,635		6,433,900		(7,354,498	)		4,238,046			62,443,083		169,977		(315,336	)		2,876,845
VY® T. Rowe Price Growth Equity Portfolio - Class I		50,126,572		5,186,201		(32,501,499	)		3,635,215			26,446,489		19,031		3,226,130			3,669,693
	$	779,817,426	$	252,830,373	$	(258,940,609	)	$	80,718,499		$	854,425,689	$	7,031,385	$	2,820,463		$	20,059,172

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

At September 30, 2017, the following futures contracts were outstanding for Voya Solution 2035 Portfolio:

Contract Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Long Contracts
Tokyo Price Index (TOPIX)	122	12/07/17	$	18,160,409		$	38,327
			$	18,160,409		$	38,327
Short Contracts
Mini MSCI EAFE Index	(183)	12/15/17		(18,102,360	)		(186,581	)
			$	(18,102,360	)	$	(186,581	)

A summary of derivative instruments by primary risk exposure is outlined in the following table.

The fair value of derivative instruments as of September 30, 2017 were as follows:

Derivatives not accounted for as hedging instruments

		Fair Value
Asset Derivatives	Instrument Type
Equity contracts	Futures contracts	$	38,327
Total Asset Derivatives		$	38,327
Liability Derivatives	Instrument Type
Equity contracts	Futures contracts	$	186,581
Total Liability Derivatives		$	186,581

	PORTFOLIO OF INVESTMENTS
Voya Solution 2035 Portfolio	as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $860,112,187.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	56,499,836
Gross Unrealized Depreciation		(16,729,609	)
Net Unrealized Appreciation	$	39,770,227

Voya Solution 2040 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 7.0%
	4,692		iShares MSCI Emerging Markets Index Fund	$	210,249		1.0
	5,050		iShares MSCI EMU Index Fund		218,766		1.0
	5,467		iShares Russell 1000 Value Index Fund		647,894		3.0
	8,010		WisdomTree Japan Hedged Equity Fund		438,147		2.0
		Total Exchange-Traded Funds (Cost $1,459,115)			1,515,056		7.0
MUTUAL FUNDS: 92.9%
			Affiliated Investment Companies: 91.4%
	35,159		Voya Emerging Markets Index Portfolio - Class I		422,967		1.9
	65,081		Voya Floating Rate Fund - Class I		639,748		2.9
	52,574		Voya High Yield Bond Fund - Class R6		429,529		2.0
	24,225		Voya Index Plus LargeCap Portfolio - Class I		655,045		3.0
	47,065		Voya Intermediate Bond Fund - Class R6		477,241		2.2
	63,294		Voya International Index Portfolio - Class I		655,731		3.0
	95,475		Voya Large Cap Growth Portfolio - Class I		1,839,794		8.5
	55,218		Voya Large Cap Value Fund - Class R6		770,839		3.5
	64,591		Voya MidCap Opportunities Portfolio - Class I		872,630		4.0
	75,469		Voya Multi-Manager Emerging Markets Equity Fund - Class I		966,007		4.4
	143,879		Voya Multi-Manager International Equity Fund - Class I		1,739,503		8.0
	140,163		Voya Multi-Manager International Factors Fund - Class I		1,520,768		7.0
	116,339		Voya Multi-Manager Large Cap Core Portfolio - Class I		1,857,934		8.5
	73,359		Voya Multi-Manager Mid Cap Value Fund - Class I		887,646		4.1
	53,481		Voya Small Company Portfolio - Class I		1,139,686		5.2
	87,439		Voya U.S. Stock Index Portfolio - Class I		1,306,343		6.0
	26,696		VY® Clarion Global Real Estate Portfolio - Class I		318,214		1.5
	8,655		VY® Clarion Real Estate Portfolio - Class I		318,001		1.5
	52,860		VY® Invesco Comstock Portfolio - Class I		1,008,576		4.6
	53,483		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		1,453,141		6.7
	7,181	(1)	VY® T. Rowe Price Growth Equity Portfolio - Class I		631,112		2.9
					19,910,455		91.4
			Unaffiliated Investment Companies: 1.5%
	64,744	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		319,837		1.5
		Total Mutual Funds (Cost $19,233,471)			20,230,292		92.9
		Total Investments in Securities (Cost $20,692,586)		$	21,745,348		99.9
		Assets in Excess of Other Liabilities			32,356		0.1
		Net Assets		$	21,777,704		100.0

(1) Non-income producing security.

Voya Solution 2040 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	1,515,056	$	–	$	–	$	1,515,056
Mutual Funds		20,230,292		–		–		20,230,292
Total Investments, at fair value	$	21,745,348	$	–	$	–	$	21,745,348

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 09/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	221,519	$	265,396	$	(128,576	)	$	64,628		$	422,967	$	6,386	$	-		$	-
Voya Floating Rate Fund - Class I		223,466		555,946		(130,564	)		(9,100	)		639,748		14,614		-			-
Voya High Yield Bond Fund - Class R6		225,811		295,573		(91,045	)		(810	)		429,529		14,930		-			-
Voya Index Plus LargeCap Portfolio - Class I		223,215		522,949		(118,711	)		27,592			655,045		9,444		(10,820	)		10,820
Voya Intermediate Bond Fund - Class R6		310,200		371,120		(215,089	)		11,010			477,241		10,799		-			-
Voya International Core Fund - Class I		849,580		1,046,266		(531,868	)		156,790			1,520,768		-		-			-
Voya International Index Portfolio - Class I		226,038		1,256,310		(866,386	)		39,769			655,731		23,860		-			-
Voya Large Cap Growth Portfolio - Class I		715,185		1,801,083		(721,552	)		45,078			1,839,794		7,601		(83,446	)		83,446
Voya Large Cap Value Fund - Class R6		310,586		1,040,182		(583,026	)		3,097			770,839		5,154		-			-
Voya MidCap Opportunities Portfolio - Class I		549,225		658,384		(383,391	)		48,412			872,630		1,290		(43,136	)		43,136
Voya Multi-Manager Emerging Markets Equity Fund - Class I		440,717		659,869		(282,007	)		147,428			966,007		-		-			-
Voya Multi-Manager International Equity Fund - Class I		1,063,770		1,062,880		(593,545	)		206,398			1,739,503		-		-			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		1,037,212		1,738,995		(953,020	)		34,747			1,857,934		4,005		(101,190	)		101,190
Voya Multi-Manager Mid Cap Value Fund - Class I		560,142		630,172		(324,949	)		22,281			887,646		-		-			-
Voya Small Company Portfolio - Class I		451,996		956,279		(209,905	)		(58,684	)		1,139,686		3,224		(99,079	)		99,079
Voya U.S. Stock Index Portfolio - Class I		448,696		1,072,106		(252,183	)		37,724			1,306,343		2,957		(57,170	)		57,170
VY® Clarion Global Real Estate Portfolio - Class I		169,529		217,787		(71,076	)		1,974			318,214		10,936		-			-
VY® Clarion Real Estate Portfolio - Class I		170,768		220,817		(70,662	)		(2,922	)		318,001		7,037		-			-
VY® Invesco Comstock Portfolio - Class I		514,188		639,534		(178,485	)		33,339			1,008,576		4,026		-			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		747,382		965,200		(315,391	)		55,950			1,453,141		3,725		(63,045	)		63,045
VY® T. Rowe Price Growth Equity Portfolio - Class I		712,200		898,454		(996,620	)		17,078			631,112		599		(115,444	)		115,444
	$	10,171,425	$	16,875,302	$	(8,018,051	)	$	881,779		$	19,910,455	$	130,587	$	(573,330	)	$	573,330

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

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $20,771,248.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	1,072,693
Gross Unrealized Depreciation		(98,593	)
Net Unrealized Appreciation	$	974,100

Voya Solution 2045 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 5.0%
	157,258		iShares MSCI EMU Index Fund	$	6,812,417		1.0
	226,997		iShares Russell 1000 Value Index Fund		26,901,414		4.0
		Total Exchange-Traded Funds
		(Cost $31,141,672)			33,713,831		5.0
MUTUAL FUNDS: 94.8%
			Affiliated Investment Companies: 93.3%
	1,615,399		Voya Emerging Markets Index Portfolio - Class I		19,433,255		2.9
	1,162,641		Voya Floating Rate Fund - Class I		11,428,759		1.7
	741,949		Voya Index Plus LargeCap Portfolio - Class I		20,062,292		3.0
	2,761,927		Voya Intermediate Bond Fund - Class R6		28,005,935		4.2
	3,877,868		Voya International Index Portfolio - Class I		40,174,717		6.0
	3,613,736		Voya Large Cap Growth Portfolio - Class I		69,636,693		10.4
	1,914,120		Voya Large Cap Value Fund - Class R6		26,721,110		4.0
	2,472,825		Voya MidCap Opportunities Portfolio - Class I		33,407,863		5.0
	2,563,594		Voya Multi-Manager Emerging Markets Equity Fund - Class I		32,813,998		4.9
	4,958,469		Voya Multi-Manager International Equity Fund - Class I		59,947,891		9.0
	3,680,264		Voya Multi-Manager International Factors Fund - Class I		39,930,861		6.0
	4,197,212		Voya Multi-Manager Large Cap Core Portfolio - Class I		67,029,482		10.0
	2,808,612		Voya Multi-Manager Mid Cap Value Fund - Class I		33,984,209		5.1
	1,627,143		Voya Small Company Portfolio - Class I		34,674,426		5.2
	2,223,692		Voya U.S. Stock Index Portfolio - Class I		33,221,953		5.0
	817,715		VY® Clarion Global Real Estate Portfolio - Class I		9,747,161		1.5
	265,140		VY® Clarion Real Estate Portfolio - Class I		9,741,237		1.4
	1,787,021		VY® Invesco Comstock Portfolio - Class I		34,096,361		5.1
	218,655	(1)	VY® T. Rowe Price Growth Equity Portfolio - Class I		19,217,588		2.9
					623,275,791		93.3
			Unaffiliated Investment Companies: 1.5%
	2,018,316	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		9,970,480		1.5
		Total Mutual Funds
		(Cost $589,304,757)			633,246,271		94.8
		Total Investments in Securities (Cost $620,446,429)		$	666,960,102		99.8
		Assets in Excess of Other Liabilities			1,105,781		0.2
		Net Assets		$	668,065,883		100.0

(1) Non-income producing security.

Voya Solution 2045 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	33,713,831		$	–	$	–	$	33,713,831
Mutual Funds		633,246,271			–		–		633,246,271
Total Investments, at fair value	$	666,960,102		$	–	$	–	$	666,960,102
Other Financial Instruments+
Futures		28,274			–		–		28,274
Total Assets	$	666,988,376		$	–	$	–	$	666,988,376
Liabilities Table
Other Financial Instruments+
Futures	$	(138,661	)	$	–	$	–	$	(138,661	)
Total Liabilities	$	(138,661	)	$	–	$	–	$	(138,661	)

+ Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) 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 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 09/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	12,191,320	$	7,529,036	$	(3,410,139	)	$	3,123,038		$	19,433,255	$	213,884	$	-		$	-
Voya Floating Rate Fund - Class I		10,791,393		2,078,817		(1,332,000	)		(109,451	)		11,428,759		344,173		-			-
Voya Index Plus LargeCap Portfolio - Class I		18,482,193		1,821,978		(2,094,852	)		1,852,973			20,062,292		315,877		(338,738	)		338,738
Voya Intermediate Bond Fund - Class R6		16,592,861		14,041,057		(3,010,319	)		382,336			28,005,935		552,893		-			-
Voya International Core Fund - Class I		46,893,089		4,060,594		(20,911,719	)		9,888,897			39,930,861		-		-			-
Voya International Index Portfolio - Class I		21,831,955		28,175,550		(17,290,373	)		7,457,585			40,174,717		951,787		-			-
Voya Large Cap Growth Portfolio - Class I		45,501,803		39,097,751		(17,153,054	)		2,190,193			69,636,693		308,118		(3,382,535	)		3,382,535
Voya Large Cap Value Fund - Class R6		24,300,952		6,856,214		(6,206,734	)		1,770,678			26,721,110		233,689		-			-
Voya MidCap Opportunities Portfolio - Class I		33,300,071		4,400,848		(8,357,759	)		4,064,703			33,407,863		50,698		(1,782,081	)		1,782,081
Voya Multi-Manager Emerging Markets Equity Fund - Class I		24,254,360		6,811,958		(6,804,010	)		8,551,690			32,813,998		-		-			-
Voya Multi-Manager International Equity Fund - Class I		61,751,601		8,569,512		(21,028,337	)		10,655,115			59,947,891		-		-			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		61,745,716		8,634,559		(6,879,918	)		3,529,125			67,029,482		151,607		(3,830,838	)		3,830,838
Voya Multi-Manager Mid Cap Value Fund - Class I		34,023,643		3,351,517		(7,286,661	)		3,895,710			33,984,209		-		-			-
Voya Small Company Portfolio - Class I		24,974,157		14,614,625		(3,818,145	)		(1,096,211	)		34,674,426		107,940		(3,340,620	)		3,340,620
Voya U.S. Stock Index Portfolio - Class I		17,489,407		33,142,633		(17,888,195	)		478,108			33,221,953		94,998		(1,836,711	)		1,836,711
VY® Clarion Global Real Estate Portfolio - Class I		9,343,586		1,349,109		(1,105,054	)		159,520			9,747,161		354,162		-			-
VY® Clarion Real Estate Portfolio - Class I		9,417,718		1,416,916		(816,544	)		(276,853	)		9,741,237		228,010		-			-
VY® Invesco Comstock Portfolio - Class I		31,618,719		3,796,573		(3,663,226	)		2,344,295			34,096,361		141,271		-			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		45,295,086		6,266,815		(36,780,472	)		4,436,159			19,217,588		20,933		(4,036,314	)		4,036,314
	$	549,799,630	$	196,016,062	$	(185,837,511	)	$	63,297,610		$	623,275,791	$	4,070,040	$	(18,547,837	)	$	18,547,837

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

At September 30, 2017, the following futures contracts were outstanding for Voya Solution 2045 Portfolio:

Contract Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Long Contracts
Tokyo Price Index (TOPIX)	90	12/07/17	$	13,397,023		$	28,274
			$	13,397,023		$	28,274
Short Contracts
Mini MSCI EAFE Index	(136)	12/15/17		(13,453,120	)		(138,661	)
			$	(13,453,120	)	$	(138,661	)

A summary of derivative instruments by primary risk exposure is outlined in the following table.

The fair value of derivative instruments as of September 30, 2017 were as follows:

Derivatives not accounted for as hedging instruments

		Fair Value
Asset Derivatives	Instrument Type
Equity contracts	Futures contracts	$	28,274
Total Asset Derivatives		$	28,274
Liability Derivatives	Instrument Type
Equity contracts	Futures contracts	$	138,661
Total Liability Derivatives		$	138,661

Voya Solution 2045 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $630,710,485.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	47,638,678
Gross Unrealized Depreciation		(11,471,214	)
Net Unrealized Appreciation	$	36,167,464

	PORTFOLIO OF INVESTMENTS
Voya Solution 2050 Portfolio	as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 7.7%
	3,153		iShares MSCI Emerging Markets Index Fund	$	141,286		0.9
	3,394		iShares MSCI EMU Index Fund		147,028		1.0
	4,899		iShares Russell 1000 Value Index Fund		580,581		3.8
	5,533		WisdomTree Japan Hedged Equity Fund		302,655		2.0
		Total Exchange-Traded Funds (Cost $1,134,310)			1,171,550		7.7
MUTUAL FUNDS: 92.2%
			Affiliated Investment Companies: 90.8%
	24,461		Voya Emerging Markets Index Portfolio - Class I		294,272		1.9
	16,849		Voya Index Plus LargeCap Portfolio - Class I		455,592		3.0
	58,222		Voya Intermediate Bond Fund - Class R6		590,370		3.9
	66,715		Voya International Index Portfolio - Class I		691,171		4.6
	78,159		Voya Large Cap Growth Portfolio - Class I		1,506,131		9.9
	45,421		Voya Large Cap Value Fund - Class R6		634,072		4.2
	61,770		Voya MidCap Opportunities Portfolio - Class I		834,518		5.5
	64,519		Voya Multi-Manager Emerging Markets Equity Fund - Class I		825,845		5.4
	125,076		Voya Multi-Manager International Equity Fund - Class I		1,512,172		10.0
	76,591		Voya Multi-Manager International Factors Fund - Class I		831,011		5.5
	95,663		Voya Multi-Manager Large Cap Core Portfolio - Class I		1,527,745		10.1
	70,148		Voya Multi-Manager Mid Cap Value Fund - Class I		848,787		5.6
	37,180		Voya Small Company Portfolio - Class I		792,297		5.2
	50,680		Voya U.S. Stock Index Portfolio - Class I		757,165		5.0
	18,574		VY® Clarion Global Real Estate Portfolio - Class I		221,398		1.5
	6,022		VY® Clarion Real Estate Portfolio - Class I		221,258		1.5
	40,837		VY® Invesco Comstock Portfolio - Class I		779,163		5.1
	4,972	(1)	VY® T. Rowe Price Growth Equity Portfolio - Class I		436,975		2.9
					13,759,942		90.8
			Unaffiliated Investment Companies: 1.4%
	43,426	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		214,524		1.4
		Total Mutual Funds (Cost $13,186,560)			13,974,466		92.2
		Total Investments in Securities (Cost $14,320,870)		$	15,146,016		99.9
		Assets in Excess of Other Liabilities			11,354		0.1
		Net Assets		$	15,157,370		100.0

(1) Non-income producing security.

	PORTFOLIO OF INVESTMENTS
Voya Solution 2050 Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	1,171,550	$	–	$	–	$	1,171,550
Mutual Funds		13,974,466		–		–		13,974,466
Total Investments, at fair value	$	15,146,016	$	–	$	–	$	15,146,016

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 09/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	133,962	$	164,604	$	(45,481	)	$	41,187		$	294,272	$	3,512	$	-		$	-
Voya Floating Rate Fund - Class I		118,500		66,973		(183,394	)		(2,079	)		-		2,069		-			-
Voya Index Plus LargeCap Portfolio - Class I		202,920		256,211		(33,723	)		30,184			455,592		5,187		(5,943	)		5,943
Voya Intermediate Bond Fund - Class R6		186,205		457,565		(60,322	)		6,922			590,370		9,327		-			-
Voya International Core Fund - Class I		514,629		443,005		(217,685	)		91,062			831,011		-		-			-
Voya International Index Portfolio - Class I		239,638		898,476		(490,120	)		43,177			691,171		16,984		-			-
Voya Large Cap Growth Portfolio - Class I		499,922		1,307,657		(342,331	)		40,883			1,506,131		5,596		(61,428	)		61,428
Voya Large Cap Value Fund - Class R6		282,360		665,859		(314,155	)		8			634,072		4,123		-			-
Voya MidCap Opportunities Portfolio - Class I		365,814		498,791		(69,918	)		39,831			834,518		774		(36,942	)		36,942
Voya Multi-Manager Emerging Markets Equity Fund - Class I		266,542		580,000		(131,586	)		110,889			825,845		-		-			-
Voya Multi-Manager International Equity Fund - Class I		678,115		932,510		(254,821	)		156,368			1,512,172		-		-			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		687,068		1,138,417		(330,174	)		32,434			1,527,745		2,989		(75,521	)		75,521
Voya Multi-Manager Mid Cap Value Fund - Class I		373,341		487,155		(56,313	)		44,604			848,787		-		-			-
Voya Small Company Portfolio - Class I		274,008		588,684		(51,879	)		(18,516	)		792,297		1,773		(54,476	)		54,476
Voya U.S. Stock Index Portfolio - Class I		204,028		584,322		(52,278	)		21,093			757,165		1,554		(30,051	)		30,051
VY® Clarion Global Real Estate Portfolio - Class I		102,638		135,406		(16,877	)		231			221,398		6,904		-			-
VY® Clarion Real Estate Portfolio - Class I		103,429		136,649		(16,766	)		(2,054	)		221,258		4,449		-			-
VY® Invesco Comstock Portfolio - Class I		346,564		440,472		(48,183	)		40,310			779,163		2,869		-			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		497,773		611,739		(676,251	)		3,714			436,975		422		(81,344	)		81,344
	$	6,077,456	$	10,394,495	$	(3,392,257	)	$	680,248		$	13,759,942	$	68,532	$	(345,705	)	$	345,705

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

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $14,383,943.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	836,408
Gross Unrealized Depreciation		(74,335	)
Net Unrealized Appreciation	$	762,073

	PORTFOLIO OF INVESTMENTS
Voya Solution 2055 Portfolio	as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 5.0%
	39,826		iShares MSCI EMU Index Fund	$	1,725,262		1.0
	57,488		iShares Russell 1000 Value Index Fund		6,812,903		4.0
		Total Exchange-Traded Funds (Cost $7,947,467)			8,538,165		5.0
MUTUAL FUNDS: 94.8%
			Affiliated Investment Companies: 93.3%
	412,693		Voya Emerging Markets Index Portfolio - Class I		4,964,693		2.9
	189,536		Voya Index Plus LargeCap Portfolio - Class I		5,125,066		3.0
	663,034		Voya Intermediate Bond Fund - Class R6		6,723,164		3.9
	1,073,092		Voya International Index Portfolio - Class I		11,117,238		6.5
	879,479		Voya Large Cap Growth Portfolio - Class I		16,947,562		9.9
	490,570		Voya Large Cap Value Fund - Class R6		6,848,361		4.0
	694,873		Voya MidCap Opportunities Portfolio - Class I		9,387,739		5.5
	720,352		Voya Multi-Manager Emerging Markets Equity Fund - Class I		9,220,502		5.4
	1,407,331		Voya Multi-Manager International Equity Fund - Class I		17,014,638		10.0
	861,757		Voya Multi-Manager International Factors Fund - Class I		9,350,064		5.5
	1,074,390		Voya Multi-Manager Large Cap Core Portfolio - Class I		17,158,007		10.0
	789,210		Voya Multi-Manager Mid Cap Value Fund - Class I		9,549,437		5.6
	414,836		Voya Small Company Portfolio - Class I		8,840,156		5.2
	570,592		Voya U.S. Stock Index Portfolio - Class I		8,524,645		5.0
	208,904		VY® Clarion Global Real Estate Portfolio - Class I		2,490,135		1.5
	67,737		VY® Clarion Real Estate Portfolio - Class I		2,488,655		1.4
	455,582		VY® Invesco Comstock Portfolio - Class I		8,692,506		5.1
	55,845	(1)	VY® T. Rowe Price Growth Equity Portfolio - Class I		4,908,198		2.9
					159,350,766		93.3
			Unaffiliated Investment Companies: 1.5%
	510,745	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		2,523,081		1.5
		Total Mutual Funds (Cost $148,823,385)			161,873,847		94.8
		Total Investments in Securities (Cost $156,770,852)		$	170,412,012		99.8
		Assets in Excess of Other Liabilities			293,934		0.2
		Net Assets		$	170,705,946		100.0

(1) Non-income producing security.

	PORTFOLIO OF INVESTMENTS
Voya Solution 2055 Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	8,538,165		$	–	$	–	$	8,538,165
Mutual Funds		161,873,847			–		–		161,873,847
Total Investments, at fair value	$	170,412,012		$	–	$	–	$	170,412,012
Other Financial Instruments+
Futures		7,226			–		–		7,226
Total Assets	$	170,419,238		$	–	$	–	$	170,419,238
Liabilities Table
Other Financial Instruments+
Futures	$	(35,685	)	$	–	$	–	$	(35,685	)
Total Liabilities	$	(35,685	)	$	–	$	–	$	(35,685	)

+ Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) 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 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 09/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I		2,794,820	$	2,220,960	$	(804,833	)	$	753,746		$	4,964,693	$	51,239	$	-		$	-
Voya Index Plus LargeCap Portfolio - Class I		4,235,905		925,724		(486,267	)		449,704			5,125,066		75,674		-			-
Voya Intermediate Bond Fund - Class R6		3,827,221		3,456,936		(648,681	)		87,688			6,723,164		129,508		-			-
Voya International Core Fund - Class I		10,746,843		1,311,984		(4,934,430	)		2,225,667			9,350,064		-		-			-
Voya International Index Portfolio - Class I		5,003,550		7,634,836		(3,110,735	)		1,589,587			11,117,238		247,044		-			-
Voya Large Cap Growth Portfolio - Class I		10,430,145		10,820,550		(5,503,854	)		1,200,721			16,947,562		71,094		(780,472	)		780,472
Voya Large Cap Value Fund - Class R6		5,632,760		2,206,907		(1,372,346	)		381,040			6,848,361		57,608		-			-
Voya MidCap Opportunities Portfolio - Class I		7,633,349		2,049,999		(1,168,865	)		873,256			9,387,739		11,991		(482,395	)		482,395
Voya Multi-Manager Emerging Markets Equity Fund - Class I		5,560,357		3,201,662		(1,796,122	)		2,254,605			9,220,502		-		-			-
Voya Multi-Manager International Equity Fund - Class I		14,154,056		5,153,363		(5,446,404	)		3,153,623			17,014,638		-		-			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		14,151,297		3,769,928		(1,767,611	)		1,004,393			17,158,007		37,495		(947,433	)		947,433
Voya Multi-Manager Mid Cap Value Fund - Class I		7,797,265		1,954,903		(1,211,874	)		1,009,143			9,549,437		-		-			-
Voya Small Company Portfolio - Class I		5,723,080		4,248,010		(887,736	)		(243,198	)		8,840,156		25,859		(881,447	)		881,447
Voya U.S. Stock Index Portfolio - Class I		9,833,036		2,721,683		(4,444,863	)		414,789			8,524,645		23,662		(457,489	)		457,489
VY® Clarion Global Real Estate Portfolio - Class I		2,141,682		570,551		(258,723	)		36,625			2,490,135		87,618		-			-
VY® Clarion Real Estate Portfolio - Class I		2,158,379		585,778		(225,791	)		(29,711	)		2,488,655		56,427		-			-
VY® Invesco Comstock Portfolio - Class I		7,244,202		1,726,541		(912,887	)		634,650			8,692,506		35,413		-			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		10,383,318		2,626,233		(9,380,566	)		1,279,213			4,908,198		5,238		(1,009,971	)		1,009,971
	$	129,451,265	$	57,186,548	$	(44,362,588	)	$	17,075,541		$	159,350,766	$	915,870	$	(4,559,207	)	$	4,559,207

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

At September 30, 2017, the following futures contracts were outstanding for Voya Solution 2055 Portfolio:

Contract Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Long Contracts
Tokyo Price Index (TOPIX)	23	12/07/17	$	3,423,684		$	7,226
			$	3,423,684		$	7,226
Short Contracts
Mini MSCI EAFE Index	(35)	12/15/17		(3,462,200	)		(35,685	)
			$	(3,462,200	)	$	(35,685	)

A summary of derivative instruments by primary risk exposure is outlined in the following table.

The fair value of derivative instruments as of September 30, 2017 were as follows:

Derivatives not accounted for as hedging instruments

		Fair Value
Asset Derivatives	Instrument Type
Equity contracts	Futures contracts	$	7,226
Total Asset Derivatives		$	7,226
Liability Derivatives	Instrument Type
Equity contracts	Futures contracts	$	35,685
Total Liability Derivatives		$	35,685

	PORTFOLIO OF INVESTMENTS
Voya Solution 2055 Portfolio	as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $161,367,734.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	13,834,440
Gross Unrealized Depreciation		(4,811,406	)
Net Unrealized Appreciation	$	9,023,034

	PORTFOLIO OF INVESTMENTS
Voya Solution 2060 Portfolio	as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 7.7%
	1,439		iShares MSCI Emerging Markets Index Fund	$	64,481		0.9
	1,549		iShares MSCI EMU Index Fund		67,103		1.0
	2,236		iShares Russell 1000 Value Index Fund		264,988		3.8
	2,568		WisdomTree Japan Hedged Equity Fund		140,470		2.0
		Total Exchange-Traded Funds (Cost $521,092)			537,042		7.7
MUTUAL FUNDS: 92.3%
			Affiliated Investment Companies: 90.9%
	11,346		Voya Emerging Markets Index Portfolio - Class I		136,493		1.9
	7,815		Voya Index Plus LargeCap Portfolio - Class I		211,318		3.0
	27,003		Voya Intermediate Bond Fund - Class R6		273,813		3.9
	31,031		Voya International Index Portfolio - Class I		321,484		4.6
	36,252		Voya Large Cap Growth Portfolio - Class I		698,567		9.9
	21,373		Voya Large Cap Value Fund - Class R6		298,373		4.2
	28,650		Voya MidCap Opportunities Portfolio - Class I		387,061		5.5
	30,005		Voya Multi-Manager Emerging Markets Equity Fund - Class I		384,070		5.5
	58,005		Voya Multi-Manager International Equity Fund - Class I		701,286		10.0
	35,518		Voya Multi-Manager International Factors Fund - Class I		385,370		5.5
	44,472		Voya Multi-Manager Large Cap Core Portfolio - Class I		710,218		10.1
	32,536		Voya Multi-Manager Mid Cap Value Fund - Class I		393,687		5.6
	17,243		Voya Small Company Portfolio - Class I		367,450		5.2
	23,507		Voya U.S. Stock Index Portfolio - Class I		351,187		5.0
	8,614		VY® Clarion Global Real Estate Portfolio - Class I		102,682		1.5
	2,793		VY® Clarion Real Estate Portfolio - Class I		102,620		1.5
	18,940		VY® Invesco Comstock Portfolio - Class I		361,384		5.1
	2,306	(1)	VY® T. Rowe Price Growth Equity Portfolio - Class I		202,647		2.9
					6,389,710		90.9
			Unaffiliated Investment Companies: 1.4%
	19,850	(1)	Credit Suisse Commodity Return Strategy Fund - Class I		98,058		1.4
		Total Mutual Funds (Cost $6,152,342)			6,487,768		92.3
		Total Investments in Securities (Cost $6,673,434)		$	7,024,810		100.0
		Assets in Excess of Other Liabilities			2,383		0.0
		Net Assets		$	7,027,193		100.0

(1) Non-income producing security.

	PORTFOLIO OF INVESTMENTS
Voya Solution 2060 Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	537,042	$	–	$	–	$	537,042
Mutual Funds		6,487,768		–		–		6,487,768
Total Investments, at fair value	$	7,024,810	$	–	$	–	$	7,024,810

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control 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, 2017, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/16		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 09/30/17		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	56,763	$	90,468	$	(29,035	)	$	18,297		$	136,493	$	1,618	$	3,075		$	-
Voya Index Plus LargeCap Portfolio - Class I		86,035		140,010		(26,764	)		12,037			211,318		2,390		3,810			2,739
Voya Intermediate Bond Fund - Class R6		78,150		235,801		(43,773	)		3,635			273,813		4,316		(865	)		-
Voya International Core Fund - Class I		218,234		244,337		(116,452	)		39,251			385,370		-		11,440			-
Voya International Index Portfolio - Class I		101,611		458,994		(258,674	)		19,553			321,484		7,822		32,767			-
Voya Large Cap Growth Portfolio - Class I		211,893		660,639		(188,082	)		14,117			698,567		2,553		14,418			28,024
Voya Large Cap Value Fund - Class R6		116,812		365,572		(185,171	)		1,160			298,373		1,967		12,637			-
Voya MidCap Opportunities Portfolio - Class I		155,055		269,349		(55,652	)		18,309			387,061		384		996			16,542
Voya Multi-Manager Emerging Markets Equity Fund - Class I		112,946		295,117		(75,962	)		51,969			384,070		-		22,927			-
Voya Multi-Manager International Equity Fund - Class I		287,474		487,234		(143,146	)		69,724			701,286		-		12,133			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		287,252		639,168		(225,645	)		9,443			710,218		1,359		18,545			34,334
Voya Multi-Manager Mid Cap Value Fund - Class I		158,325		265,343		(48,189	)		18,208			393,687		-		5,982			-
Voya Small Company Portfolio - Class I		116,202		300,381		(37,872	)		(11,261	)		367,450		817		5,379			25,108
Voya U.S. Stock Index Portfolio - Class I		144,152		241,209		(46,662	)		12,488			351,187		706		4,131			13,646
VY® Clarion Global Real Estate Portfolio - Class I		43,495		73,242		(14,451	)		396			102,682		3,138		324			-
VY® Clarion Real Estate Portfolio - Class I		43,843		73,881		(14,353	)		(751	)		102,620		2,023		535			-
VY® Invesco Comstock Portfolio - Class I		147,028		240,318		(41,172	)		15,210			361,384		1,319		8,688			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		210,945		338,297		(348,130	)		1,535			202,647		194		29,154			37,422
	$	2,576,215	$	5,419,360	$	(1,899,185	)	$	293,320		$	6,389,710	$	30,606	$	186,076		$	157,815

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

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $6,688,985.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	355,863
Gross Unrealized Depreciation		(20,038	)
Net Unrealized Appreciation	$	335,825

VY® American Century Small-Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 95.2%
			Consumer Discretionary: 6.1%
	28,491		Advance Auto Parts, Inc.	$	2,826,307		0.8
	22,897		Camping World Holdings, Inc.		932,824		0.2
	14,621		Carnival Corp.		944,078		0.3
	17,727	(1)	Cooper Tire & Rubber Co.		662,990		0.2
	3,602		Culp, Inc.		117,965		0.0
	11,824		Delphi Automotive PLC		1,163,482		0.3
	358,307		Entravision Communications Corp.		2,042,350		0.5
	13,290	(2)	Helen of Troy Ltd.		1,287,801		0.3
	84,737		Honda Motor Co., Ltd. ADR		2,504,826		0.7
	13,364	(2)	Malibu Boats, Inc.		422,837		0.1
	67,583	(2)	MarineMax, Inc.		1,118,499		0.3
	86,608	(1)	Mattel, Inc.		1,340,692		0.4
	15,374	(2)	MCBC Holdings, Inc.		313,322		0.1
	9,003		Monro Muffler Brake, Inc.		504,618		0.1
	22,381		Penske Auto Group, Inc.		1,064,664		0.3
	85,771		Pulte Group, Inc.		2,344,121		0.6
	17,727	(2)	Red Robin Gourmet Burgers, Inc.		1,187,709		0.3
	30,889		Target Corp.		1,822,760		0.5
	19,835	(2)	Townsquare Media, Inc.		198,350		0.1
					22,800,195		6.1
			Consumer Staples: 7.2%
	133,561		Conagra Brands, Inc.		4,506,348		1.2
	16,118	(2)	Edgewell Personal Care Co.		1,172,907		0.3
	35,822		Energizer Holdings, Inc.		1,649,603		0.5
	66,063		General Mills, Inc.		3,419,421		0.9
	18,881		JM Smucker Co.		1,981,183		0.5
	8,862		John B Sanfilippo & Son, Inc.		596,501		0.2
	47,529		Kellogg Co.		2,964,384		0.8
	17,999		Lamb Weston Holdings, Inc.		843,973		0.2
	96,092		Mondelez International, Inc.		3,907,101		1.1
	112,654		Orkla ASA		1,156,020		0.3
	55,479		Sysco Corp.		2,993,092		0.8
	23,040	(1),(2)	TreeHouse Foods, Inc.		1,560,499		0.4
					26,751,032		7.2
			Energy: 9.8%
	28,788		Aegean Marine Petroleum Network, Inc.		142,501		0.0
	52,752		Anadarko Petroleum Corp.		2,576,935		0.7
	70,307	(1)	Ardmore Shipping Corp.		580,033		0.1
	80,417		Baker Hughes a GE Co.		2,944,871		0.8
	25,941	(2)	Callon Petroleum Co.		291,577		0.1
	49,143	(2)	Contango Oil & Gas Co.		247,189		0.1
	59,307		Devon Energy Corp.		2,177,160		0.6
	8,036	(2)	Dril-Quip, Inc.		354,789		0.1
	53,945		EQT Corp.		3,519,372		0.9
	34,007	(1),(2)	Extraction Oil & Gas, Inc.		523,368		0.1
	31,007		Halliburton Co.		1,427,252		0.4
	29,619	(2)	Helix Energy Solutions Group, Inc.		218,884		0.1
	31,006	(1)	Helmerich & Payne, Inc.		1,615,723		0.4
	151,502	(1)	Imperial Oil Ltd.		4,839,807		1.3
	13,939	(1),(2)	Keane Group, Inc.		232,502		0.1
	41,720	(1),(2)	Mammoth Energy Services, Inc.		703,399		0.2
	40,686		Marathon Petroleum Corp.		2,281,671		0.6
	90,278		National Oilwell Varco, Inc.		3,225,633		0.9
	113,439		Noble Energy, Inc.		3,217,130		0.9
	53,077		Occidental Petroleum Corp.		3,408,074		0.9
	128,148		Scorpio Tankers, Inc.		439,548		0.1
	27,418		Spectra Energy Partners L.P.		1,216,811		0.3
	31,614	(1),(2)	WildHorse Resource Development Corp.		421,098		0.1
					36,605,327		9.8
			Financials: 23.4%
	17,708		Aflac, Inc.		1,441,254		0.4
	23,194		Ameriprise Financial, Inc.		3,444,541		0.9
	20,681		Amerisafe, Inc.		1,203,634		0.3
	67,673	(1)	Ares Management L.P.		1,262,102		0.3
	28,182		Arthur J. Gallagher & Co.		1,734,602		0.5
	19,365		Bank of Hawaii Corp.		1,614,266		0.4
	52,507		Bank of the Ozarks, Inc.		2,522,961		0.7
	74,494		BankUnited, Inc.		2,649,752		0.7
	82,646		BB&T Corp.		3,879,403		1.0
	73,827		Boston Private Financial Holdings, Inc.		1,221,837		0.3
	24,944		Brown & Brown, Inc.		1,202,051		0.3
	159,300		Capitol Federal Financial, Inc.		2,341,710		0.6
	23,773		Chubb Ltd.		3,388,841		0.9
	5,828		Comerica, Inc.		444,443		0.1
	35,929		Commerce Bancshares, Inc.		2,075,618		0.6
	128,345		Compass Diversified Holdings		2,278,124		0.6
	22,667	(2)	Donnelley Financial Solutions, Inc.		488,701		0.1
	38,344	(2)	FCB Financial Holdings, Inc.		1,852,015		0.5
	10,401	(1)	First Financial Bankshares, Inc.		470,125		0.1
	52,441		First Hawaiian, Inc.		1,588,438		0.4
	146,244		FNB Corp.		2,051,803		0.6
	13,372		Granite Point Mortgage Trust, Inc.		250,458		0.1
	20,197		Hanover Insurance Group, Inc.		1,957,695		0.5
	125,530		Invesco Ltd.		4,398,571		1.2
	20,312		James River Group Holdings Ltd.		842,542		0.2

VY® American Century Small-Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Financials: (continued)
	24,262		Kinsale Capital Group, Inc.	$	1,047,391		0.3
	39,822		LegacyTexas Financial Group, Inc.		1,589,694		0.4
	18,517		M&T Bank Corp.		2,981,978		0.8
	81,427		Northern Trust Corp.		7,485,584		2.0
	12,547		PNC Financial Services Group, Inc.		1,690,959		0.5
	14,728		Popular, Inc.		529,324		0.1
	20,420		ProAssurance Corp.		1,115,953		0.3
	14,565		Reinsurance Group of America, Inc.		2,032,254		0.6
	29,544		RLI Corp.		1,694,644		0.5
	25,398		Southside Bancshares, Inc.		923,471		0.3
	5,238		State Street Corp.		500,439		0.1
	33,279		SunTrust Banks, Inc.		1,989,086		0.5
	13,650		T. Rowe Price Group, Inc.		1,237,373		0.3
	17,505	(2)	Texas Capital Bancshares, Inc.		1,501,929		0.4
	9,963		Torchmark Corp.		797,937		0.2
	5,350		Travelers Cos., Inc.		655,482		0.2
	78,292		Two Harbors Investment Corp.		789,183		0.2
	34,550		UMB Financial Corp.		2,573,630		0.7
	25,133		Unum Group		1,285,050		0.4
	42,471		Validus Holdings Ltd.		2,089,998		0.6
	210,872		Valley National Bancorp		2,541,008		0.7
	42,651	(1)	Westamerica Bancorp.		2,539,441		0.7
	18,618	(2)	Western Alliance Bancorp.		988,243		0.3
					87,185,538		23.4
			Health Care: 7.0%
	30,428	(2)	AMN Healthcare Services, Inc.		1,390,560		0.4
	41,582		Cardinal Health, Inc.		2,782,668		0.8
	35,378	(2)	Express Scripts Holding Co.		2,240,135		0.6
	31,421	(2)	HCA Healthcare, Inc.		2,500,797		0.7
	30,943		Koninklijke Philips NV		1,276,700		0.3
	53,762	(2)	LifePoint Health, Inc.		3,112,820		0.8
	13,859		McKesson Corp.		2,128,881		0.6
	30,282		Owens & Minor, Inc.		884,234		0.2
	13,296	(2)	Providence Service Corp.		719,048		0.2
	17,331		Quest Diagnostics, Inc.		1,622,875		0.4
	18,356		STERIS PLC		1,622,670		0.4
	3,787		Utah Medical Products, Inc.		278,534		0.1
	48,427		Zimmer Biomet Holdings, Inc.		5,670,317		1.5
					26,230,239		7.0
			Industrials: 13.7%
	20,555		Apogee Enterprises, Inc.		991,984		0.3
	19,557		AZZ, Inc.		952,426		0.2
	27,636		Ceco Environmental Corp.		233,801		0.1
	4,712	(2)	Continental Building Products, Inc.		122,512		0.0
	48,766	(2)	CSW Industrials, Inc.		2,162,772		0.6
	10,776		Cummins, Inc.		1,810,691		0.5
	13,665		Deluxe Corp.		996,998		0.3
	31,415	(2)	DXP Enterprises, Inc.		989,258		0.3
	15,077	(1),(2)	Dycom Industries, Inc.		1,294,813		0.3
	24,713		Eaton Corp. PLC		1,897,711		0.5
	51,585		Emerson Electric Co.		3,241,601		0.9
	16,851		EnPro Industries, Inc.		1,357,011		0.4
	70,240	(1),(2)	Foundation Building Materials, Inc.		993,194		0.3
	13,973	(2)	Gardner Denver Holdings, Inc.		384,537		0.1
	42,627		Global Brass & Copper Holdings, Inc.		1,440,793		0.4
	11,727	(2)	GMS, Inc.		415,136		0.1
	33,606		Graham Corp.		700,013		0.2
	110,494		Heartland Express, Inc.		2,771,190		0.7
	28,963		Hubbell, Inc.		3,360,287		0.9
	28,806	(2)	Huron Consulting Group, Inc.		988,046		0.3
	28,223		Ingersoll-Rand PLC - Class A		2,516,645		0.7
	77,184	(2)	Innerworkings, Inc.		868,320		0.2
	18,269		Interface, Inc.		400,091		0.1
	183,372		Johnson Controls International plc		7,388,058		2.0
	21,815		LSC Communications, Inc.		360,166		0.1
	42,333		MSC Industrial Direct Co.		3,199,105		0.8
	2,171		Multi-Color Corp.		177,913		0.0
	19,582	(2)	NCI Building Systems, Inc.		305,479		0.1
	13,308		Paccar, Inc.		962,701		0.2
	4,922		Parker Hannifin Corp.		861,448		0.2
	28,750		Republic Services, Inc.		1,899,225		0.5
	6,698	(2)	Rexnord Corp.		170,196		0.0
	2,507		Rockwell Automation, Inc.		446,772		0.1
	52,887		Textron, Inc.		2,849,552		0.8
	37,827	(2)	Thermon Group Holdings, Inc.		680,508		0.2
	6,278		Valmont Industries, Inc.		992,552		0.3
					51,183,505		13.7
			Information Technology: 8.8%
	68,923		Applied Materials, Inc.		3,590,199		1.0
	6,986		AVX Corp.		127,355		0.0
	9,989		Belden, Inc.		804,414		0.2
	27,698	(1),(2)	BroadSoft, Inc.		1,393,209		0.4
	26,228	(2)	Cardtronics plc		603,506		0.2
	55,175	(2)	Cray, Inc.		1,073,154		0.3
	32,483		CSRA, Inc.		1,048,226		0.3
	62,685	(1)	Cypress Semiconductor Corp.		941,529		0.2
	98,057		EVERTEC, Inc.		1,554,203		0.4
	75,280	(2)	Keysight Technologies, Inc.		3,136,165		0.8
	50,964	(2)	Kulicke & Soffa Industries, Inc.		1,099,294		0.3
	13,615		Lam Research Corp.		2,519,320		0.7

VY® American Century Small-Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Information Technology: (continued)
	77,175		Maxim Integrated Products	$	3,682,019		1.0
	12,146	(2)	OSI Systems, Inc.		1,109,780		0.3
	53,055	(1),(2)	Presidio, Inc.		750,728		0.2
	31,005		TE Connectivity Ltd.		2,575,275		0.7
	7,253	(2)	Tech Data Corp.		644,429		0.2
	61,305	(2)	Teradata Corp.		2,071,496		0.5
	68,871		Teradyne, Inc.		2,568,200		0.7
	38,930	(2)	TTM Technologies, Inc.		598,354		0.1
	51,702	(2)	VeriFone Holdings, Inc.		1,048,517		0.3
					32,939,372		8.8
			Materials: 6.2%
	57,433		Bemis Co., Inc.		2,617,222		0.7
	416,494		Graphic Packaging Holding Co.		5,810,091		1.6
	34,499		Innophos Holdings, Inc.		1,697,006		0.5
	25,113		Innospec, Inc.		1,548,216		0.4
	25,245		Minerals Technologies, Inc.		1,783,559		0.5
	40,722		PolyOne Corp.		1,630,102		0.4
	80,540		Silgan Holdings, Inc.		2,370,292		0.6
	48,757		Sonoco Products Co.		2,459,791		0.7
	54,228		WestRock Co.		3,076,354		0.8
					22,992,633		6.2
			Real Estate: 6.2%
	17,465		American Tower Corp.		2,387,116		0.6
	50,225		Armada Hoffler Properties, Inc.		693,607		0.2
	11,532		Boston Properties, Inc.		1,417,052		0.4
	32,131		CareTrust REIT, Inc.		611,774		0.2
	11,817		Chatham Lodging Trust		251,939		0.1
	25,590		Community Healthcare Trust, Inc.		689,907		0.2
	28,282		DiamondRock Hospitality Co.		309,688		0.1
	40,381		Empire State Realty Trust, Inc.		829,426		0.2
	4,800		EPR Properties		334,752		0.1
	9,109		Four Corners Property Trust, Inc.		226,996		0.1
	84,201		Kite Realty Group Trust		1,705,070		0.4
	41,080		Lexington Realty Trust		419,838		0.1
	83,462		MedEquities Realty Trust, Inc.		980,679		0.3
	53,180		Medical Properties Trust, Inc.		698,253		0.2
	50,854	(1)	MGM Growth Properties LLC		1,536,299		0.4
	97,081		Piedmont Office Realty Trust, Inc.		1,957,153		0.5
	19,367		RLJ Lodging Trust		426,074		0.1
	31,760		Sabra Healthcare REIT, Inc.		696,814		0.2
	30,682		Summit Hotel Properties, Inc.		490,605		0.1
	14,550		Sunstone Hotel Investors, Inc.		233,819		0.1
	24,054		Urstadt Biddle Properties, Inc.		521,972		0.1
	165,869		Weyerhaeuser Co.		5,644,522		1.5
					23,063,355		6.2
			Telecommunication Services: 0.9%
	61,033	(2)	Level 3 Communications, Inc.		3,252,449		0.9
			Utilities: 5.9%
	33,428		Ameren Corp.		1,933,475		0.5
	19,635		Atmos Energy Corp.		1,646,198		0.4
	46,471		Edison International		3,586,167		1.0
	18,579		Eversource Energy		1,122,915		0.3
	28,690		NorthWestern Corp.		1,633,609		0.4
	57,163		PG&E Corp.		3,892,229		1.0
	21,565		Pinnacle West Capital Corp.		1,823,536		0.5
	28,251		Spire, Inc.		2,108,937		0.6
	14,036		Westar Energy, Inc.		696,186		0.2
	79,878		Xcel Energy, Inc.		3,779,827		1.0
					22,223,079		5.9
		Total Common Stock (Cost $317,557,862)			355,226,724		95.2
EXCHANGE-TRADED FUNDS: 1.9%
	81,552		iShares Russell Midcap Value Index Fund		6,926,211		1.9
		Total Exchange-Traded Funds (Cost $6,562,385)			6,926,211		1.9
PREFERRED STOCK: 0.2%
			Industrials: 0.2%
	13,665	(1),(2)	Rexnord Corp.		795,440		0.2
		Total Preferred Stock (Cost $693,853)			795,440		0.2
		Total Long-Term Investments (Cost $324,814,100)			362,948,375		97.3

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 7.3%
		Securities Lending Collateral(3): 4.9%
	1,864,317	Barclays Capital, Inc., Repurchase Agreement dated 09/29/17, 1.05%, due 10/02/17 (Repurchase Amount $1,864,478, collateralized by various U.S. Government Securities, 0.000%, Market Value plus accrued interest $1,901,603, due 08/15/18-02/15/37)		1,864,317		0.5

VY® American Century Small-Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: (continued)
		Securities Lending Collateral(3) (continued)
	4,314,791	Citigroup, Inc., Repurchase Agreement dated 09/29/17, 1.08%, due 10/02/17 (Repurchase Amount $4,315,174, collateralized by various U.S. Government Agency Obligations, 1.898%-9.000%, Market Value plus accrued interest $4,401,087, due 12/01/17-06/01/51)	$	4,314,791		1.1
	4,314,791	Daiwa Capital Markets, Repurchase Agreement dated 09/29/17, 1.07%, due 10/02/17 (Repurchase Amount $4,315,170, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.500%, Market Value plus accrued interest $4,401,087, due 10/12/17-12/01/51)		4,314,791		1.2
	4,314,791	Nomura Securities, Repurchase Agreement dated 09/29/17, 1.08%, due 10/02/17 (Repurchase Amount $4,315,174, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-9.000%, Market Value plus accrued interest $4,401,087, due 11/15/17-08/20/67)		4,314,791		1.2
	3,358,297	State of Wisconsin Investment Board, Repurchase Agreement dated 09/29/17, 1.20%, due 10/02/17 (Repurchase Amount $3,358,628, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $3,431,617, due 01/15/19-02/15/46)		3,358,297		0.9
				18,166,987		4.9

Shares				Value			Percentage of Net Assets
			Mutual Funds: 2.4%
	9,145,725	(4)	BlackRock Liquidity Funds, FedFund, Institutional Class, 0.930% (Cost $9,145,725)	$	9,145,725			2.4
		Total Short-Term Investments (Cost $27,312,712)			27,312,712			7.3
		Total Investments in Securities (Cost $352,126,812)		$	390,261,087			104.6
		Liabilities in Excess of Other Assets			(17,324,634	)		(4.6	)
		Net Assets		$	372,936,453			100.0

†	Unless otherwise indicated, principal amount is shown in USD.
ADR	American Depositary Receipt
(1)	Security, or a portion of the security, is on loan.
(2)	Non-income producing security.
(3)	Represents securities purchased with cash collateral received for securities on loan.
(4)	Rate shown is the 7-day yield as of September 30, 2017.

VY® American Century Small-Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Common Stock
Consumer Discretionary	$	22,800,195	$	–		$	–	$	22,800,195
Consumer Staples		25,595,012		1,156,020			–		26,751,032
Energy		36,605,327		–			–		36,605,327
Financials		87,185,538		–			–		87,185,538
Health Care		24,953,539		1,276,700			–		26,230,239
Industrials		51,183,505		–			–		51,183,505
Information Technology		32,939,372		–			–		32,939,372
Materials		22,992,633		–			–		22,992,633
Real Estate		23,063,355		–			–		23,063,355
Telecommunication Services		3,252,449		–			–		3,252,449
Utilities		22,223,079		–			–		22,223,079
Total Common Stock		352,794,004		2,432,720			–		355,226,724
Exchange-Traded Funds		6,926,211		–			–		6,926,211
Preferred Stock		795,440		–			–		795,440
Short-Term Investments		9,145,725		18,166,987			–		27,312,712
Total Investments, at fair value	$	369,661,380	$	20,599,707		$	–	$	390,261,087
Other Financial Instruments+
Forward Foreign Currency Contracts		–		56,940			–		56,940
Total Assets	$	369,661,380	$	20,656,647		$	–	$	390,318,027
Liabilities Table
Other Financial Instruments+
Forward Foreign Currency Contracts	$	–	$	(2,541	)	$	–	$	(2,541	)
Total Liabilities	$	–	$	(2,541	)	$	–	$	(2,541	)

+

Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) on the instrument.  OTC swaps and written options are valued at the fair value of the instrument.

#

The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Portfolio may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Portfolio's investments are categorized as Level 2 investments.

At September 30, 2017, the following forward foreign currency contracts were outstanding for VY® American Century Small-Mid Cap Value Portfolio:

Currency Purchased	Currency Sold	Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
USD 1,533,050	JPY 170,423,751	Credit Suisse AG	12/29/17	$	11,557
USD 92,420	NOK 732,262	JPMorgan Chase Bank N.A.	12/29/17		287
USD 52,095	NOK 412,905	JPMorgan Chase Bank N.A.	12/29/17		143
USD 105,597	NOK 831,530	JPMorgan Chase Bank N.A.	12/29/17		973
USD 39,347	NOK 307,192	JPMorgan Chase Bank N.A.	12/29/17		696
USD 72,211	NOK 562,047	JPMorgan Chase Bank N.A.	12/29/17		1,494
USD 54,572	NOK 425,836	JPMorgan Chase Bank N.A.	12/29/17		993
USD 64,529	NOK 502,397	JPMorgan Chase Bank N.A.	12/29/17		1,317
USD 89,764	NOK 699,296	JPMorgan Chase Bank N.A.	12/29/17		1,777
USD 97,127	NOK 759,715	JPMorgan Chase Bank N.A.	12/29/17		1,538
USD 52,464	NOK 411,161	JPMorgan Chase Bank N.A.	12/29/17		731
USD 53,344	NOK 419,556	JPMorgan Chase Bank N.A.	12/29/17		555
USD 103,267	NOK 814,127	JPMorgan Chase Bank N.A.	12/29/17		833
USD 4,071,752	CAD 5,035,169	Morgan Stanley	12/29/17		34,046
USD 1,137,051	EUR 959,318	UBS AG	12/29/17		(2,541	)
				$	54,399

VY® American Century Small-Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Currency Abbreviations

CAD	-	Canadian Dollar
EUR	-	EU Euro
JPY	-	Japanese Yen
USD	-	United States Dollar

A summary of derivative instruments by primary risk exposure is outlined in the following tables.

The fair value of derivative instruments as of September 30, 2017 was as follows:

Derivatives not accounted for as hedging instruments

		Fair Value
Asset Derivatives	Instrument Type
Foreign exchange contracts	Forward foreign currency contracts	$	56,940
Total Asset Derivatives		$	56,940
Liability Derivatives	Instrument Type
Foreign exchange contracts	Forward foreign currency contracts	$	2,541
Total Liability Derivatives		$	2,541

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $355,844,667.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	47,501,548
Gross Unrealized Depreciation		(13,030,654	)
Net Unrealized Appreciation	$	34,470,894

VY® Baron Growth Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 97.5%
			Consumer Discretionary: 32.5%
	303,550	(1)	Bright Horizons Family Solutions, Inc.	$	26,169,045		3.4
	34,000		Camping World Holdings, Inc.		1,385,160		0.2
	550,000		Choice Hotels International, Inc.		35,145,000		4.6
	100,000		Dick's Sporting Goods, Inc.		2,701,000		0.3
	728,364		Manchester United PLC - Class A		13,110,552		1.7
	188,200		Marriott Vacations Worldwide Corp.		23,436,546		3.1
	10,084	(1)	Ollie's Bargain Outlet Holdings, Inc.		466,539		0.1
	472,571	(1)	Penn National Gaming, Inc.		11,053,436		1.4
	593,691	(1)	Pinnacle Entertainment, Inc.		12,651,555		1.6
	213,000		Red Rock Resorts, Inc.		4,933,080		0.6
	400,000	(1)	Under Armour, Inc. - Class A		6,592,000		0.9
	314,183	(1)	Under Armour, Inc. - Class C		4,719,029		0.6
	470,000		Vail Resorts, Inc.		107,216,400		14.0
					249,579,342		32.5
			Consumer Staples: 2.7%
	187,000		Church & Dwight Co., Inc.		9,060,150		1.2
	135,000	(1)	Performance Food Group Co.		3,813,750		0.5
	114,520	(1)	TreeHouse Foods, Inc.		7,756,440		1.0
					20,630,340		2.7
			Financials: 17.9%
	195,000	(1)	Arch Capital Group Ltd.		19,207,500		2.5
	270,000		Carlyle Group L.P.		6,372,000		0.8
	330,000		Cohen & Steers, Inc.		13,031,700		1.7
	65,500	(1)	Essent Group Ltd.		2,652,750		0.3
	82,000		Factset Research Systems, Inc.		14,769,020		1.9
	297,229		Financial Engines, Inc.		10,328,708		1.3
	123,241		Kinsale Capital Group, Inc.		5,320,314		0.7
	80,000		Moelis & Co.		3,444,000		0.5
	149,000		Morningstar, Inc.		12,663,510		1.7
	182,500		MSCI, Inc. - Class A		21,334,250		2.8
	160,000		Oaktree Capital Group LLC		7,528,000		1.0
	253,500		Primerica, Inc.		20,672,925		2.7
					137,324,677		17.9
			Health Care: 9.4%
	103,500		Bio-Techne Corp.		12,512,115		1.6
	58,527	(1)	Glaukos Corp.		1,931,391		0.2
	176,000	(1)	Idexx Laboratories, Inc.		27,366,240		3.6
	300,000	(1)	Inovalon Holdings, Inc.		5,115,000		0.7
	18,900	(1)	Mettler Toledo International, Inc.		11,834,424		1.5
	47,008	(1)	Neogen Corp.		3,641,240		0.5
	100,500		West Pharmaceutical Services, Inc.		9,674,130		1.3
					72,074,540		9.4
			Industrials: 2.8%
	70,000		Air Lease Corp.		2,983,400		0.4
	81,322	(1)	Caesarstone Ltd.		2,423,395		0.3
	85,000	(1)	Middleby Corp.		10,894,450		1.4
	60,000	(1)	Trex Co., Inc.		5,404,200		0.7
					21,705,445		2.8
			Information Technology: 22.6%
	83,481	(1)	2U, Inc.		4,678,275		0.6
	198,500	(1)	ANSYS, Inc.		24,361,905		3.2
	300,448	(1)	Benefitfocus, Inc.		10,110,075		1.3
	137,300	(1)	CoStar Group, Inc.		36,830,725		4.8
	298,600	(1)	Gartner, Inc.		37,148,826		4.8
	164,000	(1)	Guidewire Software, Inc.		12,769,040		1.7
	15,000		Littelfuse, Inc.		2,938,200		0.4
	257,000		Maximus, Inc.		16,576,500		2.1
	605,000		SS&C Technologies Holdings, Inc.		24,290,750		3.2
	52,500	(1)	Wix.com Ltd.		3,772,125		0.5
					173,476,421		22.6
			Real Estate: 8.3%
	14,720		Alexander's, Inc.		6,242,605		0.8
	82,000		Alexandria Real Estate Equities, Inc.		9,755,540		1.3
	68,838		American Assets Trust, Inc.		2,737,687		0.4
	470,000		Douglas Emmett, Inc.		18,527,400		2.4
	710,000		Gaming and Leisure Properties, Inc.		26,191,900		3.4
					63,455,132		8.3
			Telecommunication Services: 1.3%
	921,311	(1)	Iridium Communications, Inc.		9,489,503		1.3
		Total Common Stock
		(Cost $278,730,326)			747,735,400		97.5

SHORT-TERM INVESTMENTS: 2.7%
			Mutual Funds: 2.7%
	20,897,149	(2)	BlackRock Liquidity Funds, FedFund, Institutional Class, 0.930%
			(Cost $20,897,149)		20,897,149		2.7
		Total Short-Term Investments
		(Cost $20,897,149)			20,897,149		2.7
		Total Investments in Securities (Cost $299,627,475)		$	768,632,549		100.2
		Liabilities in Excess of Other Assets			(1,369,864	)	(0.2	)
		Net Assets		$	767,262,685		100.0

(1)	Non-income producing security.
(2)	Rate shown is the 7-day yield as of September 30, 2017.

VY® Baron Growth Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Common Stock*	$	747,735,400	$	–	$	–	$	747,735,400
Short-Term Investments		20,897,149		–		–		20,897,149
Total Investments, at fair value	$	768,632,549	$	–	$	–	$	768,632,549

* For further breakdown of Common Stock by sector, please refer to the Portfolio of Investments.

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $305,188,885.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	466,405,154
Gross Unrealized Depreciation		(2,961,509	)
Net Unrealized Appreciation	$	463,443,645

VY® Columbia Contrarian Core Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 97.1%
			Consumer Discretionary: 11.2%
	2,602	(1)	Autozone, Inc.	$	1,548,476		0.5
	73,590		Coach, Inc.		2,964,205		0.9
	214,289		Comcast Corp. – Class A		8,245,841		2.5
	30,405		Dollar General Corp.		2,464,325		0.8
	7,555		Expedia, Inc.		1,087,467		0.3
	58,565	(1)	Liberty Interactive Corp. QVC Group		1,380,377		0.4
	79,349		Lowe's Cos, Inc.		6,343,159		1.9
	10,377		Marriott International, Inc.		1,144,168		0.3
	15,705		McDonald's Corp.		2,460,659		0.8
	30,525		Newell Brands, Inc.		1,302,502		0.4
	27,520		PVH Corp.		3,469,171		1.1
	7,095		Royal Caribbean Cruises Ltd.		841,041		0.3
	54,880		Starbucks Corp.		2,947,605		0.9
	3,280		Walt Disney Co.		323,310		0.1
					36,522,306		11.2
			Consumer Staples: 6.1%
	15,659		CVS Health Corp.		1,273,390		0.4
	46,900		Kellogg Co.		2,925,153		0.9
	31,914		PepsiCo, Inc.		3,556,177		1.1
	79,975		Philip Morris International, Inc.		8,878,024		2.7
	59,205		Sysco Corp.		3,194,110		1.0
					19,826,854		6.1
			Energy: 7.2%
	131,933		Canadian Natural Resources Ltd.		4,418,436		1.4
	46,551		Chevron Corp.		5,469,743		1.7
	34,674		EOG Resources, Inc.		3,354,363		1.0
	80,680		Exxon Mobil Corp.		6,614,146		2.0
	78,346		Halliburton Co.		3,606,266		1.1
					23,462,954		7.2
			Financials: 17.2%
	28,090		Aon PLC		4,103,949		1.3
	123,316		Bank of New York Mellon Corp.		6,538,214		2.0
	56,767	(1)	Berkshire Hathaway, Inc. – Class B		10,406,527		3.2
	1,906		Blackrock, Inc.		852,154		0.3
	134,861		Citigroup, Inc.		9,809,789		3.0
	21,517		Invesco Ltd.		753,956		0.2
	100,828		JPMorgan Chase & Co.		9,630,082		2.9
	101,325		Morgan Stanley		4,880,825		1.5
	8,400		S&P Global, Inc.		1,313,004		0.4
	142,380		Wells Fargo & Co.		7,852,257		2.4
					56,140,757		17.2
			Health Care: 17.0%
	72,723		Abbott Laboratories		3,880,499		1.2
	11,150	(1)	Alexion Pharmaceuticals, Inc.		1,564,234		0.5
	18,200		Allergan plc		3,730,090		1.1
	13,325		Anthem, Inc.		2,530,151		0.8
	16,555	(1)	Biogen, Inc.		5,183,702		1.6
	40,320		Bristol-Myers Squibb Co.		2,569,997		0.8
	57,834		Cardinal Health, Inc.		3,870,251		1.2
	38,079	(1)	Celgene Corp.		5,552,680		1.7
	28,063		Cigna Corp.		5,246,097		1.6
	64,434		Johnson & Johnson		8,377,064		2.6
	49,468		Medtronic PLC		3,847,126		1.2
	173,610		Pfizer, Inc.		6,197,877		1.9
	6,116	(1)	Vertex Pharmaceuticals, Inc.		929,877		0.3
	15,065		Zimmer Biomet Holdings, Inc.		1,763,961		0.5
					55,243,606		17.0
			Industrials: 7.7%
	39,307		Eaton Corp. PLC		3,018,384		0.9
	36,949		FedEx Corp.		8,334,955		2.6
	94,470		General Electric Co.		2,284,285		0.7
	54,157		Honeywell International, Inc.		7,676,213		2.3
	62,233		Johnson Controls International plc		2,507,368		0.8
	32,625		Nielsen Holdings PLC		1,352,306		0.4
					25,173,511		7.7
			Information Technology: 23.5%
	63,870		Activision Blizzard, Inc.		4,120,254		1.3
	4,653	(1)	Alphabet, Inc. - Class A		4,530,719		1.4
	9,324	(1)	Alphabet, Inc. - Class C		8,942,742		2.7
	75,081		Apple, Inc.		11,571,484		3.5
	25,146		Broadcom Ltd.		6,098,911		1.9
	148,895		Cisco Systems, Inc.		5,007,339		1.5
	5,674	(1)	Electronic Arts, Inc.		669,872		0.2
	58,405	(1)	Facebook, Inc.		9,979,662		3.1
	40,895		Fidelity National Information Services, Inc.		3,819,184		1.2
	5,983	(1)	FleetCor Technologies, Inc.		925,989		0.3
	16,970	(1)	MACOM Technology Solutions Holdings, Inc.		757,032		0.2
	46,271		Mastercard, Inc. - Class A		6,533,465		2.0
	132,250		Microsoft Corp.		9,851,302		3.0
	10,390	(1)	Palo Alto Networks, Inc.		1,497,199		0.5
	35,015		Total System Services, Inc.		2,293,483		0.7
					76,598,637		23.5
			Materials: 1.9%
	23,695		Ball Corp.		978,603		0.3
	37,830		Sealed Air Corp.		1,616,098		0.5
	9,613		Sherwin-Williams Co.		3,441,839		1.1
					6,036,540		1.9
			Real Estate: 1.1%
	26,365		American Tower Corp.		3,603,568		1.1
			Telecommunication Services: 2.9%
	157,090		AT&T, Inc.		6,153,215		1.9

VY® Columbia Contrarian Core Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Telecommunication Services: (continued)
	67,652		Verizon Communications, Inc.	$	3,348,098		1.0
					9,501,313		2.9
			Utilities: 1.3%
	13,426		Edison International		1,036,084		0.3
	64,175		Southern Co.		3,153,560		1.0
					4,189,644		1.3
		Total Common Stock (Cost $253,968,552)			316,299,690		97.1

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: –%
			Materials: –%
	649,000	(2)	SINO Forest Corp. Escrow, 08/01/49		–		–
		Total Corporate Bonds/Notes (Cost $–)			–		–
		Total Long-Term Investments (Cost $253,968,552)			316,299,690		97.1

Shares				Value			Percentage of Net Assets
SHORT-TERM INVESTMENTS: 3.2%
			Mutual Funds: 3.2%
	10,485,672	(3)	BlackRock Liquidity Funds, FedFund, Institutional Class, 0.930%
			(Cost $10,485,672)		10,485,672			3.2
		Total Short-Term Investments (Cost $10,485,672)			10,485,672			3.2
		Total Investments in Securities (Cost $264,454,224)		$	326,785,362			100.3
		Liabilities in Excess of Other Assets			(997,977	)		(0.3	)
		Net Assets		$	325,787,385			100.0

†	Unless otherwise indicated, principal amount is shown in USD.
(1)	Non-income producing security.
(2)	For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs.
(3)	Rate shown is the 7-day yield as of September 30, 2017.

VY® Columbia Contrarian Core Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Common Stock*	$	316,299,690	$	–	$	–	$	316,299,690
Corporate Bonds/Notes		–		–		–		–
Short-Term Investments		10,485,672		–		–		10,485,672
Total Investments, at fair value	$	326,785,362	$	–	$	–	$	326,785,362

* For further breakdown of Common Stock by sector, please refer to the Portfolio of Investments.

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $265,431,188.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	65,382,788
Gross Unrealized Depreciation		(4,028,614	)
Net Unrealized Appreciation	$	61,354,174

VY® Columbia Small Cap Value II Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 99.4%
			Consumer Discretionary: 8.4%
	55,500		Aarons, Inc.	$	2,421,465		1.1
	52,000		Adtalem Global Education, Inc.		1,864,200		0.9
	101,000		American Eagle Outfitters, Inc.		1,444,300		0.7
	12,400		Capella Education Co.		869,860		0.4
	21,300		Childrens Place Retail Stores, Inc.		2,516,595		1.2
	16,300	(1)	Cooper-Standard Holdings, Inc.		1,890,311		0.9
	18,422		Nexstar Media Group, Inc.		1,147,691		0.5
	29,800	(1)	Red Robin Gourmet Burgers, Inc.		1,996,600		0.9
	68,400		Tower International, Inc.		1,860,480		0.8
	93,500	(1)	William Lyon Homes		2,149,565		1.0
					18,161,067		8.4
			Consumer Staples: 1.0%
	82,000	(1)	Hostess Brands, Inc.		1,120,120		0.5
	26,000	(1)	United Natural Foods, Inc.		1,081,340		0.5
					2,201,460		1.0
			Energy: 6.2%
	125,000		Aegean Marine Petroleum Network, Inc.		618,750		0.3
	25,000		Arch Coal, Inc.		1,793,500		0.8
	52,000	(1)	C&J Energy Services, Inc.		1,558,440		0.7
	138,000	(1)	Callon Petroleum Co.		1,551,120		0.7
	79,000	(1)	Extraction Oil & Gas, Inc.		1,215,810		0.6
	104,000	(1)	Keane Group, Inc.		1,734,720		0.8
	109,000		Patterson-UTI Energy, Inc.		2,282,460		1.1
	40,500		PBF Energy, Inc.		1,118,205		0.5
	165,000	(1)	SRC Energy, Inc.		1,595,550		0.7
					13,468,555		6.2
			Financials: 31.6%
	77,000		American Equity Investment Life Holding Co.		2,239,160		1.0
	58,500		Ameris Bancorp.		2,808,000		1.3
	26,000		Amerisafe, Inc.		1,513,200		0.7
	37,500		Argo Group International Holdings Ltd.		2,306,250		1.1
	33,000		Blackstone Mortgage Trust, Inc.		1,023,660		0.5
	66,000	(1)	BofI Holding, Inc.		1,879,020		0.9
	55,000		Cathay General Bancorp.		2,211,000		1.0
	68,000		CNO Financial Group, Inc.		1,587,120		0.7
	51,000		Community Bank System, Inc.		2,817,750		1.3
	61,000	(1)	Customers Bancorp, Inc.		1,989,820		0.9
	48,000	(1)	Encore Capital Group, Inc.		2,126,400		1.0
	14,000		Evercore, Inc.		1,123,500		0.5
	60,500		Hancock Holding Co.		2,931,225		1.4
	78,000		Hope Bancorp, Inc.		1,381,380		0.6
	51,000		Houlihan Lokey, Inc.		1,995,630		0.9
	41,000		Independent Bank Corp.		3,060,650		1.4
	64,000		Invesco Mortgage Capital, Inc.		1,096,320		0.5
	43,000		MB Financial, Inc.		1,935,860		0.9
	128,000	(1)	MBIA, Inc.		1,113,600		0.5
	240,000	(1)	MGIC Investment Corp.		3,007,200		1.4
	43,921		Moelis & Co.		1,890,799		0.9
	29,000		Prosperity Bancshares, Inc.		1,906,170		0.9
	66,700		Renasant Corp.		2,861,430		1.3
	68,000		Sandy Spring Bancorp, Inc.		2,817,920		1.3
	210,000	(1)	SLM Corp.		2,408,700		1.1
	134,000		Sterling Bancorp/DE		3,303,100		1.5
	19,000		Stifel Financial Corp.		1,015,740		0.5
	33,200		UMB Financial Corp.		2,473,068		1.1
	79,000		Union Bankshares Corp.		2,788,700		1.3
	36,000	(1)	Western Alliance Bancorp.		1,910,880		0.9
	31,500		Wintrust Financial Corp.		2,466,765		1.1
	51,000		WSFS Financial Corp.		2,486,250		1.2
					68,476,267		31.6
			Health Care: 6.4%
	37,997	(1)	Almost Family, Inc.		2,040,439		0.9
	10,500	(1)	Bluebird Bio, Inc.		1,442,175		0.7
	114,000	(1)	Horizon Pharma PLC		1,445,520		0.7
	83,000	(1)	Impax Laboratories, Inc.		1,684,900		0.8
	39,000	(1)	LHC Group, Inc.		2,765,880		1.3
	52,000	(1)	Merit Medical Systems, Inc.		2,202,200		1.0
	20,000	(1)	Molina Healthcare, Inc.		1,375,200		0.6
	38,000	(1)	Wright Medical Group NV		983,060		0.4
					13,939,374		6.4
			Industrials: 14.1%
	40,000		ABM Industries, Inc.		1,668,400		0.8
	44,500		Barnes Group, Inc.		3,134,580		1.5
	42,000	(1)	Covenant Transportation Group, Inc.		1,217,160		0.6
	11,000		Curtiss-Wright Corp.		1,149,940		0.5
	33,000		Deluxe Corp.		2,407,680		1.1
	26,000		EMCOR Group, Inc.		1,803,880		0.8
	43,500		Granite Construction, Inc.		2,520,825		1.2
	86,000	(1)	Hertz Global Holdings, Inc.		1,922,960		0.9
	61,500		Kennametal, Inc.		2,480,910		1.1
	54,000	(1)	Mastec, Inc.		2,505,600		1.2
	65,300	(1)	Navistar International Corp.		2,877,771		1.3
	16,500		Oshkosh Corp.		1,361,910		0.6
	31,000		REV Group, Inc.		891,560		0.4

VY® Columbia Small Cap Value II Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Shares				Value			Percentage of Net Assets
COMMON STOCK: (continued)
			Industrials: (continued)
	59,000		Skywest, Inc.	$	2,590,100			1.2
	58,000		Triton International Ltd./Bermuda		1,930,240			0.9
					30,463,516			14.1
			Information Technology: 9.1%
	37,000		Brooks Automation, Inc.		1,123,320			0.5
	47,000		Cohu, Inc.		1,120,480			0.5
	63,000		Cypress Semiconductor Corp.		946,260			0.4
	17,400		Ebix, Inc.		1,135,350			0.5
	39,500	(1)	Electronics for Imaging, Inc.		1,685,860			0.8
	39,000	(1)	Entegris, Inc.		1,125,150			0.5
	35,500	(1)	Ichor Holdings Ltd.		951,400			0.4
	39,000	(1)	II-VI, Inc.		1,604,850			0.7
	60,000	(1)	Kulicke & Soffa Industries, Inc.		1,294,200			0.6
	150,000	(1)	Oclaro, Inc.		1,294,500			0.6
	17,000	(1)	Rogers Corp.		2,265,760			1.1
	24,500		Science Applications International Corp.		1,637,825			0.8
	14,500		SYNNEX Corp.		1,834,395			0.9
	105,000	(1)	TTM Technologies, Inc.		1,613,850			0.8
					19,633,200			9.1
			Materials: 8.8%
	260,000	(1)	AK Steel Holding Corp.		1,453,400			0.7
	61,000		Allegheny Technologies, Inc.		1,457,900			0.7
	56,000		Carpenter Technology Corp.		2,689,680			1.2
	83,000	(1)	Cleveland-Cliffs, Inc.		593,450			0.3
	33,000	(1)	Cliffs Natural Resources, Inc.		235,950			0.1
	86,000		KapStone Paper and Packaging Corp.		1,848,140			0.9
	33,500		Materion Corp.		1,445,525			0.7
	25,500		Neenah Paper, Inc.		2,181,525			1.0
	69,000		Olin Corp.		2,363,250			1.1
	81,659		Orion Engineered Carbons SA		1,833,245			0.8
	106,214	(1)	Platform Specialty Products Corp.		1,184,286			0.5
	23,500	(1)	US Concrete, Inc.		1,793,050			0.8
					19,079,401			8.8
			Real Estate: 8.0%
	54,000		American Assets Trust, Inc.		2,147,580			1.0
	70,500		Brandywine Realty Trust		1,233,045			0.6
	55,000		Chesapeake Lodging Trust		1,483,350			0.7
	97,000		First Industrial Realty Trust, Inc.		2,918,730			1.3
	12,500		Highwoods Properties, Inc.		651,125			0.3
	53,000		Hudson Pacific Properties, Inc.		1,777,090			0.8
	61,500		LaSalle Hotel Properties		1,784,730			0.8
	63,000		Mack-Cali Realty Corp.		1,493,730			0.7
	16,000		PS Business Parks, Inc.		2,136,000			1.0
	110,500		Sunstone Hotel Investors, Inc.		1,775,735			0.8
					17,401,115			8.0
			Utilities: 5.8%
	30,500		Black Hills Corp.		2,100,535			1.0
	66,000		New Jersey Resources Corp.		2,781,900			1.3
	27,500		ONE Gas, Inc.		2,025,100			0.9
	41,000		PNM Resources, Inc.		1,652,300			0.8
	71,000		South Jersey Industries, Inc.		2,451,630			1.1
	20,500		Southwest Gas Holdings, Inc.		1,591,210			0.7
					12,602,675			5.8
		Total Common Stock (Cost $164,501,868)			215,426,630			99.4
SHORT-TERM INVESTMENTS: 1.0%
			Mutual Funds: 1.0%
	2,186,935	(2)	BlackRock Liquidity Funds, FedFund, Institutional Class, 0.930%
			(Cost $2,186,935)		2,186,935			1.0
		Total Short-Term Investments (Cost $2,186,935)			2,186,935			1.0
		Total Investments in Securities (Cost $166,688,803)		$	217,613,565			100.4
		Liabilities in Excess of Other Assets			(821,049	)		(0.4	)
		Net Assets		$	216,792,516			100.0

(1)	Non-income producing security.
(2)	Rate shown is the 7-day yield as of September 30, 2017.

VY® Columbia Small Cap Value II Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Common Stock*	$	215,426,630	$	—	$	—	$	215,426,630
Short-Term Investments		2,186,935		—		—		2,186,935
Total Investments, at fair value	$	217,613,565	$	—	$	—	$	217,613,565

* For further breakdown of Common Stock by sector, please refer to the Portfolio of Investments.

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $166,691,746.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	53,909,878
Gross Unrealized Depreciation		(2,988,059	)
Net Unrealized Appreciation	$	50,921,819

VY® Invesco Comstock Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 97.7%
			Consumer Discretionary: 7.2%
	39,116		Advance Auto Parts, Inc.	$	3,880,307		0.8
	123,867		Carnival Corp.		7,998,092		1.6
	44,383		CBS Corp. - Class B		2,574,214		0.5
	6,578	(1)	Charter Communications, Inc.		2,390,577		0.5
	81,773		Comcast Corp. – Class A		3,146,625		0.7
	256,624		General Motors Co.		10,362,477		2.1
	183,810		Twenty-First Century Fox, Inc. - Class B		4,740,460		1.0
					35,092,752		7.2
			Consumer Staples: 4.0%
	49,635		CVS Health Corp.		4,036,318		0.8
	73,201		Danone		5,749,455		1.1
	16,227		Reckitt Benckiser Group PLC		1,482,627		0.3
	57,347		Unilever NV ADR		3,385,767		0.7
	66,768		Wal-Mart Stores, Inc.		5,217,252		1.1
					19,871,419		4.0
			Energy: 15.4%
	228,706		BP PLC ADR		8,789,172		1.8
	152,687		Canadian Natural Resources Ltd.		5,113,837		1.1
	76,166		Chevron Corp.		8,949,505		1.8
	185,969		Devon Energy Corp.		6,826,922		1.4
	99,909		Halliburton Co.		4,598,811		0.9
	118,637		Hess Corp.		5,562,889		1.1
	451,217		Marathon Oil Corp.		6,118,503		1.3
	62,397		Occidental Petroleum Corp.		4,006,511		0.8
	235,118	(1)	QEP Resources, Inc.		2,014,961		0.4
	174,048		Royal Dutch Shell PLC - Class A ADR		10,543,828		2.2
	362,312		Suncor Energy, Inc.		12,691,789		2.6
					75,216,728		15.4
			Financials: 34.7%
	32,861		Aflac, Inc.		2,674,557		0.6
	111,914		American International Group, Inc.		6,870,400		1.4
	59,316		Allstate Corp.		5,451,734		1.1
	324,185		Ally Financial, Inc.		7,864,728		1.6
	870,544		Bank of America Corp.		22,059,585		4.5
	137,148		Bank of New York Mellon Corp.		7,271,587		1.5
	15,573	(1)	Brighthouse Financial, Inc.		946,838		0.2
	411,078		Citigroup, Inc.		29,901,814		6.1
	152,034		Citizens Financial Group, Inc.		5,757,528		1.2
	327,362		Fifth Third Bancorp		9,159,589		1.9
	23,169		Goldman Sachs Group, Inc.		5,495,455		1.1
	177,416		JPMorgan Chase & Co.		16,945,002		3.5
	105,843		Keycorp		1,991,965		0.4
	171,311		Metlife, Inc.		8,899,606		1.8
	217,958		Morgan Stanley		10,499,037		2.1
	76,727		PNC Financial Services Group, Inc.		10,340,498		2.1
	68,696		State Street Corp.		6,563,216		1.3
	36,453		US Bancorp		1,953,516		0.4
	171,697		Wells Fargo & Co.		9,469,090		1.9
					170,115,745		34.7
			Health Care: 13.1%
	63,922		AbbVie, Inc.		5,680,109		1.1
	34,634		Anthem, Inc.		6,576,304		1.3
	15,356	(1)	Biogen, Inc.		4,808,271		1.0
	59,019		Cardinal Health, Inc.		3,949,551		0.8
	48,690		Gilead Sciences, Inc.		3,944,864		0.8
	22,469		McKesson Corp.		3,451,463		0.7
	44,858		Medtronic PLC		3,488,607		0.7
	89,833		Merck & Co., Inc.		5,752,007		1.2
	125,625	(1)	Mylan NV		3,940,856		0.8
	53,419		Novartis AG		4,582,012		1.0
	270,015		Pfizer, Inc.		9,639,535		2.0
	163,734		Sanofi ADR		8,152,316		1.7
					63,965,895		13.1
			Industrials: 8.9%
	151,461		Arconic, Inc.		3,768,350		0.8
	57,185		Caterpillar, Inc.		7,131,541		1.4
	102,346		Eaton Corp. PLC		7,859,149		1.6
	54,353		Emerson Electric Co.		3,415,542		0.7
	182,998		General Electric Co.		4,424,892		0.9
	32,709		Ingersoll-Rand PLC - Class A		2,916,662		0.6
	178,735		Johnson Controls International plc		7,201,233		1.5
	132,107		Textron, Inc.		7,117,925		1.4
					43,835,294		8.9
			Information Technology: 10.9%
	398,583		Cisco Systems, Inc.		13,404,346		2.7
	47,471		Cognizant Technology Solutions Corp.		3,443,546		0.7
	204,552	(1)	eBay, Inc.		7,867,070		1.6
	183,756		Intel Corp.		6,997,429		1.4
	105,552		Microsoft Corp.		7,862,568		1.6
	87,718		NetApp, Inc.		3,838,540		0.8
	61,502	(1)	PayPal Holdings, Inc.		3,937,973		0.8
	117,178		Qualcomm, Inc.		6,074,508		1.3
					53,425,980		10.9
			Materials: 2.2%
	47,241		Alcoa Corp.		2,202,375		0.5
	108,928		CF Industries Holdings, Inc.		3,829,909		0.8
	80,033		International Paper Co.		4,547,475		0.9
					10,579,759		2.2
			Telecommunication Services: 0.7%
	1,236,010		Vodafone Group PLC		3,461,056		0.7

VY® Invesco Comstock Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Shares				Value			Percentage of Net Assets
COMMON STOCK: (continued)
			Utilities: 0.6%
	94,564		FirstEnergy Corp.	$	2,915,408			0.6
		Total Common Stock
		(Cost $376,210,796)			478,480,036			97.7
CLOSED-END FUNDS: 0.5%
			Information Technology: 0.5%
	34,021	(1)	Altaba, Inc.		2,253,551			0.5
		Total Closed-End Funds
		(Cost $1,014,467)			2,253,551			0.5
		Total Long-Term Investments
		(Cost $377,225,263)			480,733,587			98.2
SHORT-TERM INVESTMENTS: 1.9%
			Mutual Funds: 1.9%
	9,339,541	(2)	BlackRock Liquidity Funds, FedFund, Institutional Class, 0.930%
			(Cost $9,339,541)		9,339,541			1.9
		Total Short-Term Investments
		(Cost $9,339,541)			9,339,541			1.9
		Total Investments in Securities (Cost $386,564,804)		$	490,073,128			100.1
		Liabilities in Excess of Other Assets			(382,110	)		(0.1	)
		Net Assets		$	489,691,018			100.0

ADR	American Depositary Receipt
(1)	Non-income producing security.
(2)	Rate shown is the 7-day yield as of September 30, 2017.

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Common Stock
Consumer Discretionary	$	35,092,752	$	–	$	–	$	35,092,752
Consumer Staples		12,639,337		7,232,082		–		19,871,419
Energy		75,216,728		–		–		75,216,728
Financials		170,115,745		–		–		170,115,745
Health Care		59,383,883		4,582,012		–		63,965,895
Industrials		43,835,294		–		–		43,835,294
Information Technology		53,425,980		–		–		53,425,980
Materials		10,579,759		–		–		10,579,759
Telecommunication Services		–		3,461,056		–		3,461,056
Utilities		2,915,408		–		–		2,915,408
Total Common Stock		463,204,886		15,275,150		–		478,480,036
Closed-End Funds		2,253,551		–		–		2,253,551

VY® Invesco Comstock Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

	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, 2017
Short-Term Investments	$	9,339,541	$	–		$	–	$	9,339,541
Total Investments, at fair value	$	474,797,978	$	15,275,150		$	–	$	490,073,128
Other Financial Instruments+
Forward Foreign Currency Contracts		–		412,874			–		412,874
Total Assets	$	474,797,978	$	15,688,024		$	–	$	490,486,002
Liabilities Table
Other Financial Instruments+
Forward Foreign Currency Contracts	$	–	$	(288,980	)	$	–	$	(288,980	)
Total Liabilities	$	–	$	(288,980	)	$	–	$	(288,980	)

+

Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) on the instrument.  OTC swaps and written options are valued at the fair value of the instrument.

#

The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Portfolio may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Portfolio's investments are categorized as Level 2 investments.

At September 30, 2017, the following forward foreign currency contracts were outstanding for VY® Invesco Comstock Portfolio:

Currency Purchased	Currency Sold	Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
USD 620,730	GBP 461,489	Barclays Bank PLC	10/06/17	$	2,274
CAD 27,376	USD 22,598	Barclays Bank PLC	10/06/17		(657	)
CHF 21,579	USD 22,661	Barclays Bank PLC	10/06/17		(372	)
EUR 24,794	USD 29,703	Barclays Bank PLC	10/06/17		(394	)
GBP 13,176	USD 17,374	Barclays Bank PLC	10/06/17		284
CAD 28,080	USD 23,124	Barclays Bank PLC	10/06/17		(619	)
CHF 21,879	USD 23,189	Barclays Bank PLC	10/06/17		(591	)
EUR 24,913	USD 30,017	Barclays Bank PLC	10/06/17		(567	)
GBP 13,340	USD 17,631	Barclays Bank PLC	10/06/17		246
USD 3,447,204	CAD 4,256,810	Barclays Bank PLC	10/06/17		35,547
USD 5,783,396	EUR 4,848,092	Barclays Bank PLC	10/06/17		52,518
USD 961,929	CHF 919,405	Barclays Bank PLC	10/06/17		12,282
USD 2,478,490	GBP 1,902,785	Barclays Bank PLC	10/06/17		(71,494	)
USD 225,626	GBP 167,792	CIBC World Markets Corp.	10/06/17		763
USD 5,783,096	EUR 4,848,093	CIBC World Markets Corp.	10/06/17		52,217
USD 961,952	CHF 919,405	CIBC World Markets Corp.	10/06/17		12,305
USD 2,478,797	GBP 1,902,785	CIBC World Markets Corp.	10/06/17		(71,188	)
USD 3,445,837	CAD 4,256,883	CIBC World Markets Corp.	10/06/17		34,121
USD 323,029	GBP 240,872	Goldman Sachs International	10/06/17		228
USD 325,444	CAD 396,630	Goldman Sachs International	10/06/17		7,561
USD 3,447,787	CAD 4,256,810	Goldman Sachs International	10/06/17		36,130
USD 2,478,462	GBP 1,902,792	Goldman Sachs International	10/06/17		(71,530	)
USD 961,835	CHF 919,414	Goldman Sachs International	10/06/17		12,180
USD 5,782,622	EUR 4,847,858	Goldman Sachs International	10/06/17		52,021
USD 95,216	GBP 70,773	RBC Capital Markets Corp.	10/06/17		370
USD 5,783,581	EUR 4,848,093	RBC Capital Markets Corp.	10/06/17		52,702
USD 2,478,416	GBP 1,902,785	RBC Capital Markets Corp.	10/06/17		(71,568	)
USD 3,448,275	CAD 4,256,810	RBC Capital Markets Corp.	10/06/17		36,618
USD 962,154	CHF 919,405	RBC Capital Markets Corp.	10/06/17		12,507
				$	123,894

Currency Abbreviations
CAD	-	Canadian Dollar
CHF	-	Swiss Franc
EUR	-	EU Euro
GBP	-	British Pound
USD	-	United States Dollar

VY® Invesco Comstock Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

A summary of derivative instruments by primary risk exposure is outlined in the following tables.

The fair value of derivative instruments as of September 30, 2017 was as follows:

Derivatives not accounted for as hedging instruments		Fair Value
Asset Derivatives	Instrument Type
Foreign exchange contracts	Forward foreign currency contracts	$	412,874
Total Asset Derivatives		$	412,874
Liability Derivatives	Instrument Type
Foreign exchange contracts	Forward foreign currency contracts	$	288,980
Total Liability Derivatives		$	288,980

The following is a summary by counterparty of the fair value of OTC derivative instruments subject to Master Netting Agreements and collateral pledged (received), if any, at September 30, 2017:

	Barclays Bank PLC		CIBC World Markets Corp.		Goldman Sachs International		RBC Capital Markets Corp.		Totals
Assets:
Forward foreign currency contracts	$	103,151	$	99,406	$	108,120	$	102,197	$	412,874
Total Assets	$	103,151	$	99,406	$	108,120	$	102,197	$	412,874
Liabilities:
Forward foreign currency contracts	$	74,694	$	71,188	$	71,530	$	71,568	$	288,980
Total Liabilities	$	74,694	$	71,188	$	71,530	$	71,568	$	288,980
Net OTC derivative instruments by counterparty, at fair value	$	28,457	$	28,218	$	36,590	$	30,629	$	123,894
Total collateral pledged by the Portfolio/(Received from counterparty)	$	-	$	-	$	-	$	-	$	-
Net Exposure(1)	$	28,457	$	28,218	$	36,590	$	30,629	$	123,894

⁽¹⁾ Positive net exposure represents amounts due from each respective counterparty. Negative exposure represents amounts due from the Portfolio.

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $392,459,859.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	119,161,391
Gross Unrealized Depreciation		(21,190,739	)
Net Unrealized Appreciation	$	97,970,652

	PORTFOLIO OF INVESTMENTS
VY® Invesco Equity and Income Portfolio	as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 64.0%
			Consumer Discretionary: 5.3%
	314,617		Carnival Corp.	$	20,314,820		1.2
	51,446		CBS Corp. - Class B		2,983,868		0.2
	29,871	(1)	Charter Communications, Inc.		10,855,719		0.6
	374,111		Comcast Corp. – Class A		14,395,791		0.8
	489,089		General Motors Co.		19,749,414		1.2
	2,768,068		Kingfisher PLC		11,082,450		0.6
	243,373	(1)	Michael Kors Holdings Ltd.		11,645,398		0.7
					91,027,460		5.3
			Consumer Staples: 3.7%
	170,505		CVS Health Corp.		13,865,466		0.8
	334,183		Mondelez International, Inc.		13,587,881		0.8
	129,876		Philip Morris International, Inc.		14,417,535		0.9
	265,567		Walgreens Boots Alliance, Inc.		20,507,084		1.2
					62,377,966		3.7
			Energy: 9.7%
	230,418		Anadarko Petroleum Corp.		11,255,919		0.7
	553,754		Apache Corp.		25,361,933		1.5
	313,035		Baker Hughes a GE Co.		11,463,342		0.7
	535,457		Canadian Natural Resources Ltd.		17,933,679		1.0
	519,927		Devon Energy Corp.		19,086,520		1.1
	355,795		Occidental Petroleum Corp.		22,845,597		1.3
	844,175		Royal Dutch Shell PLC - Class A		25,512,487		1.5
	651,736	(1)	TechnipFMC PLC		18,196,469		1.1
	246,468		Total S.A.		13,233,889		0.8
					164,889,835		9.7
			Financials: 23.0%
	197,831		American International Group, Inc.		12,144,845		0.7
	107,644		Aon PLC		15,726,788		0.9
	1,883,533		Bank of America Corp.		47,728,726		2.8
	103,840		BB&T Corp.		4,874,250		0.3
	300,466		Charles Schwab Corp.		13,142,383		0.8
	870,708		Citigroup, Inc.		63,335,300		3.7
	711,888		Citizens Financial Group, Inc.		26,959,199		1.6
	163,758		Comerica, Inc.		12,488,185		0.7
	680,948		Fifth Third Bancorp		19,052,925		1.1
	476,130		First Horizon National Corp.		9,117,890		0.5
	58,724		Goldman Sachs Group, Inc.		13,928,746		0.8
	441,338		JPMorgan Chase & Co.		42,152,192		2.5
	371,198		Keycorp		6,985,946		0.4
	99,953		Marsh & McLennan Cos., Inc.		8,377,061		0.5
	699,053		Morgan Stanley		33,673,383		2.0
	129,887		Northern Trust Corp.		11,940,512		0.7
	154,072		PNC Financial Services Group, Inc.		20,764,283		1.2
	202,076		State Street Corp.		19,306,341		1.1
	71,738		Willis Towers Watson PLC		11,064,152		0.7
					392,763,107		23.0
			Health Care: 7.9%
	47,179		Amgen, Inc.		8,796,524		0.5
	53,607		Anthem, Inc.		10,178,897		0.6
	167,216		Baxter International, Inc.		10,492,804		0.6
	153,416		Bristol-Myers Squibb Co.		9,778,736		0.6
	164,758		Cardinal Health, Inc.		11,025,605		0.6
	47,852		McKesson Corp.		7,350,546		0.4
	168,674		Medtronic PLC		13,117,777		0.8
	255,925		Merck & Co., Inc.		16,386,878		1.0
	170,273		Novartis AG		14,605,158		0.9
	572,497		Pfizer, Inc.		20,438,143		1.2
	127,558		Sanofi		12,697,904		0.7
					134,868,972		7.9
			Industrials: 4.0%
	241,682		CSX Corp.		13,113,665		0.8
	89,310		General Dynamics Corp.		18,360,350		1.1
	236,658		General Electric Co.		5,722,391		0.3
	155,593		Ingersoll-Rand PLC - Class A		13,874,228		0.8
	416,391		Johnson Controls International plc		16,776,393		1.0
					67,847,027		4.0
			Information Technology: 7.1%
	545,689		Cisco Systems, Inc.		18,351,521		1.1
	206,827		Cognizant Technology Solutions Corp.		15,003,231		0.9
	418,719	(1)	eBay, Inc.		16,103,933		0.9
	331,160		Intel Corp.		12,610,573		0.7
	496,604		Juniper Networks, Inc.		13,820,489		0.8
	512,652		Oracle Corp.		24,786,724		1.5
	121,276	(1)	PayPal Holdings, Inc.		7,765,302		0.5
	246,807		Qualcomm, Inc.		12,794,475		0.7
					121,236,248		7.1
			Materials: 1.4%
	80,172	(2)	Agrium, Inc.		8,595,240		0.5
	412,602		BHP Billiton Ltd.		8,367,483		0.5
	358,145		Mosaic Co.		7,732,350		0.4
					24,695,073		1.4
			Telecommunication Services: 1.1%
	171,765		Orange SA		2,812,454		0.1
	160,479		Verizon Communications, Inc.		7,942,106		0.5
	303,678		Vodafone Group PLC ADR		8,642,676		0.5
					19,397,236		1.1
			Utilities: 0.8%
	166,610		FirstEnergy Corp.		5,136,586		0.3

	PORTFOLIO OF INVESTMENTS
VY® Invesco Equity and Income Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Utilities: (continued)
	131,558		PG&E Corp.	$	8,957,784		0.5
					14,094,370		0.8
		Total Common Stock
		(Cost $902,701,576)			1,093,197,294		64.0
PREFERRED STOCK: 0.3%
			Financials: 0.3%
	75,900	(1)	AMG Capital Trust II		4,672,594		0.3
	4,000	(1),(3)	Wells Fargo & Co.		109,120		0.0
		Total Preferred Stock
		(Cost $4,848,886)			4,781,714		0.3

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: 10.5%
			Basic Materials: 0.2%
	770,000	(4)	Basell Finance Co. BV, 8.100%, 03/15/27		1,023,913		0.1
	1,320,000		Eastman Chemical Co., 2.700%, 01/15/20		1,336,400		0.1
	195,000		International Paper Co., 6.000%, 11/15/41		239,780		0.0
	315,000		Monsanto Co., 2.125%, 07/15/19		315,761		0.0
	150,000		Rio Tinto Finance USA Ltd., 7.125%, 07/15/28		199,642		0.0
	211,000		Sherwin-Williams Co/The, 4.500%, 06/01/47		221,608		0.0
					3,337,104		0.2
			Communications: 1.2%
	455,000		America Movil S.A.B de CV, 4.375%, 07/16/42		468,268		0.0
	466,000		AT&T, Inc., 3.400%, 05/15/25		459,306		0.0
	837,000		AT&T, Inc., 3.000%, 06/30/22		846,015		0.1
	505,000		AT&T, Inc., 3.800%, 03/15/22		526,435		0.0
	747,000		AT&T, Inc., 4.500%, 05/15/35		739,400		0.1
	1,300,000		AT&T, Inc., 4.800%, 06/15/44		1,268,760		0.1
	2,273,000		AT&T, Inc., 4.900%, 08/14/37		2,306,969		0.1
	2,960,000		AT&T, Inc., 5.150%, 03/15/42		3,000,455		0.2
	101,000		AT&T, Inc., 5.350%, 09/01/40		106,445		0.0
	270,000		AT&T, Inc., 6.150%, 09/15/34		310,480		0.0
	1,635,000		Charter Communications Operating LLC / Charter Communications Operating Capital, 4.464%, 07/23/22		1,728,510		0.1
	135,000		Comcast Corp., 6.450%, 03/15/37		180,744		0.0
	2,700,000	(4)	Crown Castle Towers LLC, 4.883%, 08/15/40		2,861,940		0.2
	435,000	(4)	Crown Castle Towers LLC, 6.113%, 01/15/40		465,051		0.0
	125,000		NBCUniversal Media, LLC, 5.150%, 04/30/20		135,141		0.0
	210,000		NBCUniversal Media, LLC, 5.950%, 04/01/41		272,544		0.0
	415,000		Rogers Communications, Inc., 4.500%, 03/15/43		433,277		0.0
	860,000		Telefonica Emisiones SAU, 5.213%, 03/08/47		949,628		0.1
	370,000		Telefonica Emisiones SAU, 7.045%, 06/20/36		491,309		0.0
	136,000		Verizon Communications, Inc., 4.125%, 08/15/46		124,060		0.0
	535,000		Verizon Communications, Inc., 4.400%, 11/01/34		539,611		0.0
	1,058,000		Verizon Communications, Inc., 4.522%, 09/15/48		1,027,398		0.1
	833,000		Verizon Communications, Inc., 4.812%, 03/15/39		862,382		0.1
	467,000		Verizon Communications, Inc., 5.012%, 08/21/54		470,835		0.0
					20,574,963		1.2
			Consumer, Cyclical: 1.0%
	2,650,000		Advance Auto Parts, Inc., 4.500%, 12/01/23		2,779,207		0.2
	387,000		Advance Auto Parts, Inc., 5.750%, 05/01/20		417,403		0.0
	137,000	(4)	Alimentation Couche-Tard, Inc., 4.500%, 07/26/47		142,720		0.0
	647,662		American Airlines 2014-1 Class A Pass Through Trust, 3.700%, 10/01/26		670,330		0.0
	180,169		Continental Airlines 2010-1 Class A Pass Through Trust, 4.750%, 07/15/22		191,793		0.0
	321,250		Continental Airlines 2012-1 Class A Pass Through Trust, 4.150%, 10/11/25		338,919		0.0
	620,000		CVS Health Corp., 3.375%, 08/12/24		634,236		0.0
	567,179		CVS Pass-Through Trust, 6.036%, 12/10/28		641,748		0.0
	101,910		Delta Air Lines 2010-1 Class A Pass Through Trust, 6.200%, 01/02/20		105,222		0.0
	595,000		Dollar General Corp., 3.250%, 04/15/23		608,627		0.0
	368,000		Ford Motor Credit Co. LLC, 3.096%, 05/04/23		365,098		0.0
	569,000		Ford Motor Credit Co. LLC, 3.810%, 01/09/24		580,872		0.0

	PORTFOLIO OF INVESTMENTS
VY® Invesco Equity and Income Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Consumer, Cyclical: (continued)
	1,056,000		Ford Motor Credit Co. LLC, 4.134%, 08/04/25	$	1,086,201		0.1
	563,000		General Motors Co., 6.600%, 04/01/36		669,542		0.0
	713,000		General Motors Financial Co., Inc., 5.250%, 03/01/26		775,017		0.1
	896,000		Home Depot, Inc., 2.000%, 04/01/21		896,751		0.1
	725,000		MDC Holdings, Inc., 6.000%, 01/15/43		699,777		0.0
	1,460,000		QVC, Inc., 5.450%, 08/15/34		1,441,513		0.1
	783,488		United Airlines 2014-2 Class A Pass Through Trust, 3.750%, 03/03/28		813,696		0.1
	929,962	(4)	Virgin Australia 2013-1A Pass Through Trust, 5.000%, 04/23/25		975,251		0.1
	1,000,000		Walgreens Boots Alliance, Inc., 3.300%, 11/18/21		1,033,475		0.1
	737,000		Walgreens Boots Alliance, Inc., 4.500%, 11/18/34		770,172		0.1
					16,637,570		1.0
			Consumer, Non-cyclical: 1.5%
	1,137,000		AbbVie, Inc., 4.500%, 05/14/35		1,226,691		0.1
	985,000		Allergan Funding SCS, 4.850%, 06/15/44		1,082,037		0.1
	952,000		Anheuser-Busch InBev Finance, Inc., 2.650%, 02/01/21		967,976		0.1
	871,000		Anheuser-Busch InBev Finance, Inc., 3.300%, 02/01/23		903,811		0.1
	1,475,000		Anheuser-Busch InBev Finance, Inc., 4.700%, 02/01/36		1,637,785		0.1
	1,646,000		Anheuser-Busch InBev Finance, Inc., 4.900%, 02/01/46		1,880,776		0.1
	981,000	(4)	Bayer US Finance LLC, 3.000%, 10/08/21		999,941		0.1
	442,000		Becton Dickinson & Co., 2.675%, 12/15/19		447,485		0.0
	435,000		Becton Dickinson & Co., 4.875%, 05/15/44		456,254		0.0
	1,445,000		Celgene Corp., 4.625%, 05/15/44		1,561,798		0.1
	325,000		Celgene Corp., 4.000%, 08/15/23		348,123		0.0
	240,000		Corn Products International, Inc., 6.625%, 04/15/37		309,385		0.0
	493,000		Edwards Lifesciences Corp., 2.875%, 10/15/18		498,347		0.0
	965,000	(4)	ERAC USA Finance LLC, 2.350%, 10/15/19		969,271		0.1
	420,000		Express Scripts Holding Co., 2.250%, 06/15/19		421,799		0.0
	1,400,000		General Mills, Inc., 2.200%, 10/21/19		1,409,424		0.1
	755,000		Gilead Sciences, Inc., 4.400%, 12/01/21		817,105		0.0
	80,000		GlaxoSmithKline Capital, Inc., 6.375%, 05/15/38		109,888		0.0
	1,232,000	(4)	Heineken NV, 3.500%, 01/29/28		1,259,455		0.1
	963,000		Laboratory Corp. of America Holdings, 3.200%, 02/01/22		986,360		0.1
	423,000		Laboratory Corp. of America Holdings, 4.700%, 02/01/45		437,126		0.0
	730,000		McKesson Corp., 2.284%, 03/15/19		734,422		0.0
	92,000		Mead Johnson Nutrition Co., 4.125%, 11/15/25		99,391		0.0
	1,733,000		Medtronic, Inc., 3.150%, 03/15/22		1,795,053		0.1
	576,000		Medtronic, Inc., 4.375%, 03/15/35		634,952		0.0
	502,000	(2)	Molson Coors Brewing Co., 1.450%, 07/15/19		496,703		0.0
	513,000		Molson Coors Brewing Co., 4.200%, 07/15/46		512,866		0.0
	630,000		Moody's Corp., 4.500%, 09/01/22		681,425		0.0
	574,000		Mylan NV, 3.150%, 06/15/21		584,421		0.0
	785,000		Mylan NV, 5.250%, 06/15/46		854,294		0.1
	275,000		Philip Morris International, Inc., 3.600%, 11/15/23		289,183		0.0
	820,000		Philip Morris International, Inc., 4.875%, 11/15/43		918,111		0.1
	79,000		Zoetis, Inc., 4.700%, 02/01/43		87,711		0.0
					26,419,369		1.5
			Energy: 1.1%
	610,000		Anadarko Petroleum Corp., 6.600%, 03/15/46		757,510		0.1
	873,000	(4)	Cenovus Energy, Inc., 5.250%, 06/15/37		868,576		0.1
	559,000		Concho Resources, Inc., 3.750%, 10/01/27		562,071		0.0
	618,000		Concho Resources, Inc., 4.875%, 10/01/47		645,649		0.0
	1,425,000		ConocoPhillips Co., 2.875%, 11/15/21		1,452,726		0.1
	1,528,000		ConocoPhillips Co., 4.150%, 11/15/34		1,581,810		0.1
	460,000		Enable Midstream Partners L.P., 2.400%, 05/15/19		458,779		0.0
	545,000		Enbridge, Inc., 5.500%, 12/01/46		628,095		0.0
	570,000		Energy Transfer L.P., 4.900%, 03/15/35		567,806		0.0

	PORTFOLIO OF INVESTMENTS
VY® Invesco Equity and Income Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Energy: (continued)
	615,000		Enterprise Products Operating LLC, 2.550%, 10/15/19	$	620,897		0.0
	175,000		Enterprise Products Operating LLC, 5.250%, 01/31/20		187,194		0.0
	300,000		Enterprise Products Operating LLC, 6.500%, 01/31/19		317,534		0.0
	250,000		Husky Energy, Inc., 3.950%, 04/15/22		261,214		0.0
	700,000		Kinder Morgan, Inc./DE, 5.300%, 12/01/34		732,556		0.1
	2,340,000		MPLX L.P., 4.500%, 07/15/23		2,491,748		0.2
	960,000		MPLX L.P., 5.500%, 02/15/23		990,240		0.1
	570,000		Noble Energy, Inc., 5.250%, 11/15/43		600,013		0.0
	505,000		Occidental Petroleum Corp., 3.400%, 04/15/26		518,088		0.0
	295,000		Plains All American Pipeline L.P. / PAA Finance Corp., 3.650%, 06/01/22		296,778		0.0
	1,244,000		Shell International Finance BV, 4.000%, 05/10/46		1,260,595		0.1
	858,000		Spectra Energy Partners L.P., 4.500%, 03/15/45		867,175		0.1
	544,000		Suncor Energy, Inc., 3.600%, 12/01/24		561,314		0.0
	835,000		Sunoco Logistics Partners Operations L.P., 5.300%, 04/01/44		832,294		0.1
	550,000		Sunoco Logistics Partners Operations L.P., 5.500%, 02/15/20		588,359		0.0
	215,000		Texas Eastern Transmission L.P., 7.000%, 07/15/32		273,080		0.0
					18,922,101		1.1
			Financial: 3.9%
	530,000		AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, 3.950%, 02/01/22		552,054		0.0
	395,000		American International Group, Inc., 2.300%, 07/16/19		397,089		0.0
	851,000		Air Lease Corp., 3.000%, 09/15/23		849,776		0.1
	1,870,000		Air Lease Corp., 4.250%, 09/15/24		1,974,005		0.1
	410,000		Allstate Corp., 3.280%, 12/15/26		418,061		0.0
	543,000		American Express Co., 3.625%, 12/05/24		561,212		0.0
	615,000		American Financial Group, Inc./OH, 4.500%, 06/15/47		637,149		0.0
	1,200,000		American Financial Group, Inc./OH, 9.875%, 06/15/19		1,347,222		0.1
	1,140,000		American International Group, Inc., 4.375%, 01/15/55		1,107,677		0.1
	455,000	(4)	ANZ New Zealand Int'l Ltd./London, 2.875%, 01/25/22		459,685		0.0
	440,000	(4)	Apollo Management Holdings L.P., 4.000%, 05/30/24		449,871		0.0
	927,000	(4)	Athene Global Funding, 2.875%, 10/23/18		935,908		0.1
	1,555,000	(4)	Athene Global Funding, 4.000%, 01/25/22		1,619,437		0.1
	948,000		Australia & New Zealand Banking Group Ltd./New York NY, 2.300%, 06/01/21		944,936		0.1
	720,000		Bank of America Corp., 3.248%, 10/21/27		706,151		0.1
	850,000		Bank of America Corp., 3.500%, 04/19/26		865,588		0.1
	725,000	(4)	BBVA Bancomer SA/Texas, 4.375%, 04/10/24		764,875		0.1
	765,000		Brookfield Asset Management, Inc., 4.000%, 01/15/25		787,311		0.1
	485,000	(4)	Carlyle Holdings Finance LLC, 3.875%, 02/01/23		502,074		0.0
	630,000		Citigroup, Inc., 3.668%, 07/24/28		635,459		0.0
	520,000		Citigroup, Inc., 4.750%, 05/18/46		567,264		0.0
	1,930,000		Citigroup, Inc., 4.000%, 08/05/24		2,000,310		0.1
	260,000		Citigroup, Inc., 5.300%, 05/06/44		305,163		0.0
	560,000		Citigroup, Inc., 6.675%, 09/13/43		760,972		0.1
	595,000		Citizens Financial Group, Inc., 2.375%, 07/28/21		591,624		0.0
	325,000		CNA Financial Corp., 5.875%, 08/15/20		355,145		0.0
	1,335,000	(4)	Commonwealth Bank of Australia, 2.250%, 03/10/20		1,341,942		0.1
	472,000	(4)	Credit Suisse AG, 6.500%, 08/08/23		534,573		0.0
	60,000		Crown Castle International Corp., 4.750%, 05/15/47		61,507		0.0
	2,755,000		EPR Properties, 4.750%, 12/15/26		2,852,846		0.2
	820,000		Goldman Sachs Group, Inc., 4.250%, 10/21/25		856,030		0.1
	355,000		Goldman Sachs Group, Inc., 5.250%, 07/27/21		390,191		0.0

	PORTFOLIO OF INVESTMENTS
VY® Invesco Equity and Income Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Financial: (continued)
	835,000		Government Properties Income Trust, 4.000%, 07/15/22	$	842,777		0.1
	840,000		HCP, Inc., 3.875%, 08/15/24		866,432		0.1
	320,000		HCP, Inc., 4.200%, 03/01/24		335,317		0.0
	350,000		Hospitality Properties Trust, 4.500%, 06/15/23		371,402		0.0
	240,000		Hospitality Properties Trust, 5.000%, 08/15/22		257,743		0.0
	670,000	(4)	Jackson National Life Global Funding, 2.100%, 10/25/21		659,418		0.0
	620,000	(4)	Jackson National Life Global Funding, 3.250%, 01/30/24		629,293		0.0
	550,000		JPMorgan Chase & Co., 3.200%, 06/15/26		546,358		0.0
	515,000		JPMorgan Chase & Co., 4.250%, 10/01/27		545,276		0.0
	675,000		JPMorgan Chase & Co., 4.260%, 02/22/48		709,699		0.1
	665,000		JPMorgan Chase & Co., 5.000%, 01/01/66		677,136		0.0
	443,000	(4)	KKR Group Finance Co. III LLC, 5.125%, 06/01/44		480,723		0.0
	2,335,000	(4)	Liberty Mutual Group, Inc., 4.850%, 08/01/44		2,548,779		0.2
	587,000		Lifestorage L.P./CA, 3.500%, 07/01/26		565,551		0.0
	285,000		Markel Corp., 5.000%, 03/30/43		310,014		0.0
	1,300,000	(4)	MassMutual Global Funding II, 2.000%, 04/15/21		1,287,211		0.1
	670,000	(4)	Metropolitan Life Global Funding I, 2.050%, 06/12/20		669,484		0.0
	2,360,000	(4)	Mizuho Financial Group Cayman 3 Ltd., 4.600%, 03/27/24		2,507,984		0.2
	2,975,000		Morgan Stanley, 2.375%, 07/23/19		2,994,934		0.2
	1,040,000		Morgan Stanley, 4.000%, 07/23/25		1,097,144		0.1
	1,230,000		National Australia Bank Ltd./New York, 1.875%, 07/12/21		1,207,238		0.1
	1,350,000	(4)	National Australia Bank Ltd., 3.500%, 01/10/27		1,385,846		0.1
	1,365,000		National Australia Bank Ltd/New York, 2.000%, 01/14/19		1,368,888		0.1
	1,515,000	(4)	Nationwide Financial Services, Inc., 5.300%, 11/18/44		1,715,840		0.1
	275,000		Prudential Financial, Inc., 5.100%, 08/15/43		320,330		0.0
	525,000		Reinsurance Group of America, Inc., 4.700%, 09/15/23		569,810		0.0
	690,000	(4)	Reliance Standard Life Global Funding II, 3.050%, 01/20/21		700,895		0.0
	1,360,000	(4)	Societe Generale SA, 2.625%, 09/16/20		1,372,678		0.1
	805,000	(4)	Societe Generale SA, 5.000%, 01/17/24		864,275		0.1
	985,000	(4)	Standard Chartered PLC, 3.050%, 01/15/21		1,001,379		0.1
	1,100,000		Sumitomo Mitsui Banking Corp., 2.650%, 07/23/20		1,114,072		0.1
	590,000		SunTrust Bank/Atlanta GA, 3.300%, 05/15/26		583,971		0.0
	616,000	(4)	Teachers Insurance & Annuity Association of America, 4.270%, 05/15/47		637,851		0.0
	445,000		Travelers Cos, Inc., 4.600%, 08/01/43		497,465		0.0
	585,000	(4)	UBS Group Funding Switzerland AG, 4.125%, 04/15/26		614,833		0.0
	410,000		US Bancorp, 3.100%, 04/27/26		408,377		0.0
	145,000		Ventas Realty L.P., 5.700%, 09/30/43		171,943		0.0
	1,020,000		Visa, Inc., 4.150%, 12/14/35		1,115,461		0.1
	470,000		Wells Fargo & Co., 4.100%, 06/03/26		488,876		0.0
	2,000,000		Wells Fargo & Co., 4.650%, 11/04/44		2,143,718		0.1
	965,000		Wells Fargo & Co., 3.550%, 09/29/25		991,298		0.1
	315,000		Willis North America, Inc., 3.600%, 05/15/24		322,574		0.0
	350,000		WR Berkley Corp., 4.625%, 03/15/22		378,029		0.0
					66,011,429		3.9
			Industrial: 0.8%
	1,757,000	(4)	Aviation Capital Group Corp., 2.875%, 01/20/22		1,758,586		0.1
	1,095,000	(4)	Aviation Capital Group Corp., 4.875%, 10/01/25		1,192,014		0.1
	970,000		Avnet, Inc., 4.625%, 04/15/26		1,009,022		0.1
	435,000	(4)	BAE Systems Holdings, Inc., 2.850%, 12/15/20		440,599		0.0
	224,000		Burlington Northern Santa Fe LLC, 5.150%, 09/01/43		270,539		0.0
	330,000		CSX Corp., 5.500%, 04/15/41		393,803		0.0
	1,015,000		Deere & Co., 2.600%, 06/08/22		1,026,778		0.1
	295,000		FedEx Corp., 4.900%, 01/15/34		332,087		0.0
	605,000		FedEx Corp., 5.100%, 01/15/44		685,131		0.0

	PORTFOLIO OF INVESTMENTS
VY® Invesco Equity and Income Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Industrial: (continued)
	703,000		Packaging Corp. of America, 4.500%, 11/01/23	$	762,055		0.1
	285,000		Precision Castparts Corp., 2.500%, 01/15/23		285,806		0.0
	410,000	(4)	SMBC Aviation Capital Finance DAC, 2.650%, 07/15/21		406,479		0.0
	157,000		Union Pacific Corp., 3.646%, 02/15/24		165,677		0.0
	730,000		Union Pacific Corp., 4.150%, 01/15/45		772,636		0.1
	375,000		Union Pacific Corp., 4.850%, 06/15/44		429,280		0.0
	330,000		United Parcel Service, Inc., 3.400%, 11/15/46		312,854		0.0
	541,000		United Technologies Corp., 4.050%, 05/04/47		547,361		0.0
	550,000		Valmont Industries, Inc., 5.000%, 10/01/44		553,795		0.0
	2,193,000		Valmont Industries, Inc., 5.250%, 10/01/54		2,156,026		0.1
	752,000		Waste Management, Inc., 3.900%, 03/01/35		780,052		0.1
					14,280,580		0.8
			Technology: 0.6%
	1,146,000		Apple, Inc., 2.150%, 02/09/22		1,144,482		0.1
	435,000		Apple, Inc., 3.350%, 02/09/27		448,200		0.0
	1,840,000	(4)	Broadcom Corp. / Broadcom Cayman Finance Ltd., 3.625%, 01/15/24		1,892,256		0.1
	910,000	(4)	Dell International LLC / EMC Corp., 5.450%, 06/15/23		999,258		0.1
	35,000	(4)	Dell International LLC / EMC Corp., 8.350%, 07/15/46		44,852		0.0
	340,000		DXC Technology Co., 4.450%, 09/18/22		360,768		0.0
	649,000		Microsoft Corp., 3.500%, 02/12/35		661,560		0.1
	1,810,000		Oracle Corp., 1.900%, 09/15/21		1,797,426		0.1
	1,005,000		Oracle Corp., 4.300%, 07/08/34		1,104,500		0.1
	330,000	(2)	Pitney Bowes, Inc., 4.625%, 03/15/24		319,439		0.0
	487,000		Seagate HDD Cayman, 5.750%, 12/01/34		457,489		0.0
	285,000		Texas Instruments, Inc., 2.625%, 05/15/24		284,709		0.0
					9,514,939		0.6
			Utilities: 0.2%
	150,000	(4)	Electricite de France SA, 4.600%, 01/27/20		158,530		0.0
	620,000	(4)	Electricite de France SA, 4.875%, 01/22/44		658,159		0.0
	350,000	(4)	Electricite de France SA, 5.625%, 12/29/49		367,062		0.0
	703,000		NextEra Energy Capital Holdings, Inc., 3.550%, 05/01/27		722,428		0.1
	760,000		NiSource Finance Corp., 4.375%, 05/15/47		801,591		0.1
	605,000		Oglethorpe Power Corp., 4.550%, 06/01/44		617,071		0.0
					3,324,841		0.2
		Total Corporate Bonds/Notes
		(Cost $172,027,621)			179,022,896		10.5
MUNICIPAL BONDS: 0.1%
			Georgia: 0.1%
	175,000		Municipal Electric Authority of Georgia, 6.637%, 04/01/57		220,661		0.0
	325,000		Municipal Electric Authority of Georgia, 6.655%, 04/01/57		405,493		0.1
		Total Municipal Bonds
		(Cost $503,942)			626,154		0.1
U.S. TREASURY OBLIGATIONS: 9.7%
			U.S. Treasury Bonds: 0.5%
	7,214,600		3.000%, 05/15/47		7,419,765		0.5
	425,000		4.500%, 02/15/36		546,499		0.0
					7,966,264		0.5
			U.S. Treasury Notes: 9.2%
	6,230,000		1.250%, 01/31/19		6,216,737		0.4
	47,470,000	(2)	1.250%, 08/31/19		47,266,955		2.8
	57,650,000	(2)	1.375%, 09/15/20		57,245,774		3.3
	39,680,500	(2)	1.625%, 08/31/22		39,127,143		2.3
	7,300,400	(2)	1.875%, 08/31/24		7,168,223		0.4
	385,900	(2)	2.250%, 08/15/27		383,149		0.0
	180,000		2.625%, 11/15/20		185,259		0.0
					157,593,240		9.2
		Total U.S. Treasury Obligations
		(Cost $166,395,210)			165,559,504		9.7
U.S. GOVERNMENT AGENCY OBLIGATIONS: 0.1%
			Federal National Mortgage Association: 0.1%(5)
	915,000		6.625%, 11/15/30		1,295,944		0.1
		Total U.S. Government Agency Obligations
		(Cost $1,030,581)			1,295,944		0.1
CONVERTIBLE BONDS/NOTES: 8.6%
			Communications: 2.7%
	2,421,000		Ciena Corp., 4.000%, 12/15/20		3,225,982		0.2
	3,989,000		Ctrip.com International Ltd., 1.250%, 09/15/22		4,305,627		0.3

	PORTFOLIO OF INVESTMENTS
VY® Invesco Equity and Income Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CONVERTIBLE BONDS/NOTES: (continued)
			Communications: (continued)
	4,731,000		DISH Network Corp., 3.375%, 08/15/26	$	5,316,461		0.3
	1,319,000	(4)	Finisar Corp., 0.500%, 12/15/36		1,239,860		0.1
	1,689,000	(2)	FireEye, Inc., 1.000%, 06/01/35		1,603,494		0.1
	1,689,000		FireEye, Inc., 1.625%, 06/01/35		1,574,993		0.1
	673,000	(4)	Liberty Media Corp., 1.000%, 01/30/23		803,394		0.0
	9,559,000		Liberty Media Corp., 1.375%, 10/15/23		11,612,273		0.7
	1,807,000	(2),(4)	Liberty Media Corp., 1.000%, 06/30/47		1,930,102		0.1
	2,954,000	(4)	Liberty Media Corp., 1.750%, 09/30/46		3,515,260		0.2
	1,933,000		Liberty Media Corp., 2.250%, 09/30/46		2,063,478		0.1
	5,355,000		Viavi Solutions, Inc., 0.625%, 08/15/33		5,622,750		0.3
	2,327,000	(4)	Viavi Solutions, Inc., 1.000%, 03/01/24		2,341,544		0.1
	1,170,000		WebMD Health Corp., 2.625%, 06/15/23		1,170,585		0.1
					46,325,803		2.7
			Consumer, Non-cyclical: 1.5%
	3,952,000		BioMarin Pharmaceutical, Inc., 1.500%, 10/15/20		4,749,810		0.3
	2,934,000	(4)	DexCom, Inc., 0.750%, 05/15/22		2,631,431		0.2
	2,410,000		Jazz Investments I Ltd., 1.875%, 08/15/21		2,547,069		0.1
	1,883,000		Live Nation Entertainment, Inc., 2.500%, 05/15/19		2,493,798		0.1
	1,251,000		Medicines Co/The, 2.750%, 07/15/23		1,321,369		0.1
	2,104,000	(4)	Neurocrine Biosciences, Inc., 2.250%, 05/15/24		2,399,875		0.1
	2,762,000		NuVasive, Inc., 2.250%, 03/15/21		3,153,859		0.2
	924,000	(4)	Pacira Pharmaceuticals, Inc./DE, 2.375%, 04/01/22		906,675		0.1
	3,223,000		Wright Medical Group, Inc., 2.000%, 02/15/20		3,498,970		0.2
	1,309,000		Wright Medical Group NV, 2.250%, 11/15/21		1,763,059		0.1
					25,465,915		1.5
			Energy: 1.0%
	1,298,000	(4)	Chesapeake Energy Corp., 5.500%, 09/15/26		1,197,405		0.1
	140,612	(6)	El Paso Energy Capital Trust I, 4.750%, 03/31/28		6,889,988		0.4
	2,490,000	(4)	Ensco Jersey Finance Ltd., 3.000%, 01/31/24		2,122,725		0.1
	1,359,000		Helix Energy Solutions Group, Inc., 4.250%, 05/01/22		1,345,410		0.1
	1,360,000	(2),(4)	Nabors Industries, Inc., 0.750%, 01/15/24		1,109,250		0.1
	3,942,000		Weatherford International Ltd., 5.875%, 07/01/21		4,314,026		0.2
					16,978,804		1.0
			Financial: 1.8%
	4,217,000	(2)	Blackhawk Network Holdings, Inc., 1.500%, 01/15/22		4,723,040		0.3
	9,000,000	(4)	Credit Suisse AG/Nassau, 0.500%, 06/24/24		8,734,500		0.5
	4,179,000	(4),(7)	Goldman Sachs Group, Inc., 1.000%, 09/28/20		5,977,224		0.3
	6,746,000		GS Finance Corp., 0.250%, 07/08/24		6,761,583		0.4
	5,209,000		Jefferies Group, Inc., 3.875%, 11/01/29		5,235,045		0.3
					31,431,392		1.8
			Technology: 1.6%
	3,443,000		Citrix Systems, Inc., 0.500%, 04/15/19		4,002,487		0.2
	3,151,000	(4)	Microchip Technology, Inc., 1.625%, 02/15/27		3,842,250		0.2
	2,861,000		Micron Technology, Inc., 3.000%, 11/15/43		3,967,849		0.2
	4,003,000		Nuance Communications, Inc., 1.000%, 12/15/35		3,767,824		0.2
	2,927,000		ON Semiconductor Corp., 1.000%, 12/01/20		3,506,912		0.2
	790,000	(4)	RealPage, Inc., 1.500%, 11/15/22		922,325		0.1
	3,899,000		SanDisk Corp., 0.500%, 10/15/20		3,750,265		0.2
	726,000	(4)	Silicon Laboratories, Inc., 1.375%, 03/01/22		808,129		0.1
	2,643,000	(4)	Workday, Inc., 0.250%, 10/01/22		2,634,741		0.2
					27,202,782		1.6
		Total Convertible Bonds/Notes
		(Cost $138,053,980)			147,404,696		8.6
		Total Long-Term Investments
		(Cost $1,385,561,796)			1,591,888,202		93.3
SHORT-TERM INVESTMENTS: 15.6%
			Corporate Bonds/Notes: 1.9%
	1,685,000		Air Lease Corp., 2.625%, 09/04/18		1,698,730		0.1
	1,105,000	(4)	Aviation Capital Group Corp., 2.875%, 09/17/18		1,114,624		0.1
	500,000		Bank of America Corp., 5.650%, 05/01/18		511,485		0.0
	400,000		Bank of America Corp., 5.750%, 12/01/17		402,767		0.0

	PORTFOLIO OF INVESTMENTS
VY® Invesco Equity and Income Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: (continued)
			Corporate Bonds/Notes (continued)
	2,284,000		Chevron Corp., 1.365%, 03/02/18	$	2,283,887		0.1
	360,000		Chevron Corp., 1.718%, 06/24/18		360,329		0.0
	775,000		Cintas Corp. No 2, 6.125%, 12/01/17		780,752		0.1
	1,019,000		Comcast Corp., 5.700%, 05/15/18		1,044,900		0.1
	1,420,000		Duke Energy Corp., 2.100%, 06/15/18		1,424,392		0.1
	3,260,000		Eaton Corp., 1.500%, 11/02/17		3,259,829		0.2
	2,215,000		eBay, Inc., 2.500%, 03/09/18		2,223,816		0.1
	1,845,000		Ford Motor Credit Co. LLC, 1.724%, 12/06/17		1,845,210		0.1
	465,000	(4)	HBOS PLC, 6.750%, 05/21/18		478,899		0.0
	3,490,000		Intel Corp., 1.350%, 12/15/17		3,490,489		0.2
	285,000		Interpublic Group of Cos., Inc., 2.250%, 11/15/17		285,103		0.0
	3,250,000	(4)	MassMutual Global Funding II, 2.100%, 08/02/18		3,263,955		0.2
	500,000		Northrop Grumman Corp., 1.750%, 06/01/18		500,680		0.0
	1,467,000		Old Republic International Corp., 3.750%, 03/15/18		1,883,261		0.1
	820,000		Precision Castparts Corp., 1.250%, 01/15/18		819,524		0.1
	1,995,000		Prudential Financial, Inc., 6.000%, 12/01/17		2,009,315		0.1
	125,000		Realty Income Corp., 2.000%, 01/31/18		125,115		0.0
	2,380,000		United Parcel Service, Inc., 1.125%, 10/01/17		2,380,000		0.2
	140,000		Wells Fargo & Co., 1.500%, 01/16/18		140,014		0.0
					32,327,076		1.9
			U.S. Government Agency Obligations: 0.2%
	2,400,000		Freddie Mac, 4.875%, 06/13/18
			(Cost $2,421,470)		2,459,165		0.2
			Securities Lending Collateral(8): 9.1%
	27,304,330		Citigroup, Inc., Repurchase Agreement dated 09/29/17, 1.08%, due 10/02/17 (Repurchase Amount $27,306,754, collateralized by various U.S. Government Agency Obligations, 1.898%-9.000%, Market Value plus accrued interest $27,850,417, due 12/01/17-06/01/51)		27,304,330		1.6
	37,043,606		Daiwa Capital Markets, Repurchase Agreement dated 09/29/17, 1.07%, due 10/02/17 (Repurchase Amount $37,046,864, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.500%, Market Value plus accrued interest $37,784,478, due 10/12/17-12/01/51)		37,043,606		2.1
	25,719,496		HSBC Securities USA, Repurchase Agreement dated 09/29/17, 1.05%, due 10/02/17 (Repurchase Amount $25,721,716, collateralized by various U.S. Government Agency Obligations, 2.500%-6.500%, Market Value plus accrued interest $26,234,015, due 05/01/22-08/01/47)		25,719,496		1.5
	37,043,606		Nomura Securities, Repurchase Agreement dated 09/29/17, 1.08%, due 10/02/17 (Repurchase Amount $37,046,894, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-9.000%, Market Value plus accrued interest $37,784,480, due 11/15/17-08/20/67)		37,043,606		2.2
	28,828,124		State of Wisconsin Investment Board, Repurchase Agreement dated 09/29/17, 1.20%, due 10/02/17 (Repurchase Amount $28,830,967, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $29,457,513, due 01/15/19-02/15/46)		28,828,124		1.7
					155,939,162		9.1

	PORTFOLIO OF INVESTMENTS
VY® Invesco Equity and Income Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Shares				Value			Percentage of Net Assets
			Mutual Funds: 4.4%
	75,923,748	(9)	BlackRock Liquidity Funds, FedFund, Institutional Class, 0.930%
			(Cost $75,923,748)	$	75,923,748			4.4
		Total Short-Term Investments
		(Cost $266,416,554)			266,649,151			15.6
		Total Investments in Securities (Cost $1,651,978,350)		$	1,858,537,353			108.9
		Liabilities in Excess of Other Assets			(151,119,444	)		(8.9	)
		Net Assets		$	1,707,417,909			100.0

†	Unless otherwise indicated, principal amount is shown in USD.
ADR	American Depositary Receipt
(1)	Non-income producing security.
(2)	Security, or a portion of the security, is on loan.
(3)	Preferred Stock may be called prior to convertible date.
(4)	Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers.
(5)	The Federal Housing Finance Agency (“FHFA”) placed the Federal Home Loan Mortgage Corporation and Federal National Mortgage Association into conservatorship with FHFA as the conservator. As such, the FHFA oversees the continuing affairs of these companies.
(6)	Bond may be called prior to maturity date.
(7)	Exchangeable into a basket of 5 common shares.
(8)	Represents securities purchased with cash collateral received for securities on loan.
(9)	Rate shown is the 7-day yield as of September 30, 2017.

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Common Stock
Consumer Discretionary	$	79,945,010	$	11,082,450	$	–	$	91,027,460
Consumer Staples		62,377,966		–		–		62,377,966
Energy		126,143,459		38,746,376		–		164,889,835
Financials		392,763,107		–		–		392,763,107
Health Care		107,565,910		27,303,062		–		134,868,972
Industrials		67,847,027		–		–		67,847,027
Information Technology		121,236,248		–		–		121,236,248
Materials		16,327,590		8,367,483		–		24,695,073
Telecommunication Services		16,584,782		2,812,454		–		19,397,236
Utilities		14,094,370		–		–		14,094,370
Total Common Stock		1,004,885,469		88,311,825		–		1,093,197,294
Preferred Stock		109,120		4,672,594		–		4,781,714
Corporate Bonds/Notes		–		179,022,896		–		179,022,896
Municipal Bonds		–		626,154		–		626,154
U.S. Treasury Obligations		–		165,559,504		–		165,559,504

	PORTFOLIO OF INVESTMENTS
VY® Invesco Equity and Income Portfolio	as of September 30, 2017 (Unaudited) (Continued)

	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, 2017
Convertible Bonds/Notes	$	–	$	147,404,696		$	–	$	147,404,696
U.S. Government Agency Obligations		–		1,295,944			–		1,295,944
Short-Term Investments		75,923,748		190,725,403			–		266,649,151
Total Investments, at fair value	$	1,080,918,337	$	777,619,016		$	–	$	1,858,537,353
Other Financial Instruments+
Forward Foreign Currency Contracts		–		884,825			–		884,825
Total Assets	$	1,080,918,337	$	778,503,841		$	–	$	1,859,422,178
Liabilities Table
Other Financial Instruments+
Forward Foreign Currency Contracts	$	–	$	(1,134,533	)	$	–	$	(1,134,533	)
Total Liabilities	$	–	$	(1,134,533	)	$	–	$	(1,134,533	)

+

Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) on the instrument.  OTC swaps and written options are valued at the fair value of the instrument.

#

The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Portfolio may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Portfolio's investments are categorized as Level 2 investments.

At September 30, 2017, the following forward foreign currency contracts were outstanding for VY® Invesco Equity and Income Portfolio:

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
GBP	18,575	USD	24,993	State Street Bank and Trust Co.	10/06/17	$	(100	)
CHF	32,292	USD	33,331	State Street Bank and Trust Co.	10/06/17		23
EUR	68,884	USD	82,381	State Street Bank and Trust Co.	10/06/17		(954	)
CAD	100,183	USD	81,985	State Street Bank and Trust Co.	10/06/17		(1,692	)
USD	3,685,622	AUD	4,623,399	State Street Bank and Trust Co.	10/06/17		59,167
EUR	24,450	USD	28,873	State Street Bank and Trust Co.	10/06/17		28
EUR	271,501	USD	324,250	State Street Bank and Trust Co.	10/06/17		(3,311	)
AUD	271,947	USD	216,745	State Street Bank and Trust Co.	10/06/17		(3,438	)
CHF	356,306	USD	367,026	State Street Bank and Trust Co.	10/06/17		999
AUD	24,096	USD	18,903	State Street Bank and Trust Co.	10/06/17		(2	)
AUD	36,759	USD	29,462	State Street Bank and Trust Co.	10/06/17		(630	)
CHF	45,817	USD	47,769	State Street Bank and Trust Co.	10/06/17		(445	)
GBP	85,042	USD	111,399	State Street Bank and Trust Co.	10/06/17		2,569
USD	214,606	GBP	162,744	State Street Bank and Trust Co.	10/06/17		(3,493	)
GBP	82,972	USD	110,080	State Street Bank and Trust Co.	10/06/17		1,114
AUD	523,708	USD	420,852	State Street Bank and Trust Co.	10/06/17		(10,072	)
USD	246,877	GBP	186,771	State Street Bank and Trust Co.	10/06/17		(3,421	)
AUD	58,571	USD	46,981	State Street Bank and Trust Co.	10/06/17		(1,039	)
CHF	66,779	USD	70,130	State Street Bank and Trust Co.	10/06/17		(1,155	)
USD	16,075,260	GBP	12,403,731	State Street Bank and Trust Co.	10/06/17		(547,381	)
USD	5,702,715	CHF	5,374,312	State Street Bank and Trust Co.	10/06/17		151,626
EUR	102,777	USD	123,414	State Street Bank and Trust Co.	10/06/17		(1,922	)
CAD	66,078	USD	54,519	State Street Bank and Trust Co.	10/06/17		(1,560	)
USD	6,287,066	CAD	7,840,191	State Street Bank and Trust Co.	10/06/17		3,477
USD	10,970,230	EUR	9,086,808	State Street Bank and Trust Co.	10/06/17		228,812
USD	6,285,478	CAD	7,840,191	The Bank of New York Mellon	10/06/17		1,889
USD	5,703,398	CHF	5,374,312	The Bank of New York Mellon	10/06/17		152,310

	PORTFOLIO OF INVESTMENTS
VY® Invesco Equity and Income Portfolio	as of September 30, 2017 (Unaudited) (Continued)

					Settlement Date	Unrealized Appreciation (Depreciation)
USD	10,965,187	EUR	9,086,808	The Bank of New York Mellon	10/06/17	$	223,769
USD	3,685,497	AUD	4,623,400	The Bank of New York Mellon	10/06/17		59,042
USD	16,068,723	GBP	12,403,731	The Bank of New York Mellon	10/06/17		(553,918	)
						$	(249,708	)

Currency Abbreviations
AUD	-	Australian Dollar
CAD	-	Canadian Dollar
CHF	-	Swiss Franc
EUR	-	EU Euro
GBP	-	British Pound
USD	-	United States Dollar

A summary of derivative instruments by primary risk exposure is outlined in the following tables.

The fair value of derivative instruments as of September 30, 2017 was as follows:

Derivatives not accounted for as hedging instruments		Fair Value
Asset Derivatives	Instrument Type
Foreign exchange contracts	Forward foreign currency contracts	$	884,825
Total Asset Derivatives		$	884,825
Liability Derivatives	Instrument Type
Foreign exchange contracts	Forward foreign currency contracts	$	1,134,533
Total Liability Derivatives		$	1,134,533

The following is a summary by counterparty of the fair value of OTC derivative instruments subject to Master Netting Agreements and collateral pledged (received), if any, at September 30, 2017:

	State Street Bank and Trust Co.			The Bank of New York Mellon			Totals
Assets:
Forward foreign currency contracts	$	447,815		$	437,010		$	884,825
Total Assets	$	447,815		$	437,010		$	884,825
Liabilities:
Forward foreign currency contracts	$	580,615		$	553,918		$	1,134,533
Total Liabilities	$	580,615		$	553,918		$	1,134,533
Net OTC derivative instruments by counterparty, at fair value	$	(132,800	)	$	(116,908	)	$	(249,708	)
Total collateral pledged by the Portfolio/(Received from counterparty)	$	-		$	-		$	-
Net Exposure(1)	$	(132,800	)	$	(116,908	)	$	(249,708	)

⁽¹⁾ Positive net exposure represents amounts due from each respective counterparty. Negative exposure represents amounts due from the Portfolio.

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $1,662,002,520.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	242,867,497
Gross Unrealized Depreciation		(46,053,318	)
Net Unrealized Appreciation	$	196,814,179

VY® JPMorgan Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 97.3%
			Consumer Discretionary: 17.1%
	8,860	(1)	Autozone, Inc.	$	5,272,675		0.9
	97,250		Bed Bath & Beyond, Inc.		2,282,457		0.4
	88,310		Best Buy Co., Inc.		5,030,138		0.9
	111,510		BorgWarner, Inc.		5,712,657		1.0
	65,709		CBS Corp. - Class B		3,811,122		0.7
	92,800	(1)	Dish Network Corp. - Class A		5,032,544		0.9
	56,160		Expedia, Inc.		8,083,670		1.4
	181,190		Gap, Inc.		5,350,541		0.9
	50,680		Genuine Parts Co.		4,847,542		0.8
	21,669	(1)	Hilton Grand Vacations, Inc.		837,073		0.1
	92,750		Hilton Worldwide Holdings, Inc.		6,441,488		1.1
	142,981		Kohl's Corp.		6,527,083		1.1
	25,036		Marriott International, Inc.		2,760,469		0.5
	46,780	(1)	Mohawk Industries, Inc.		11,578,518		2.0
	158,776		Newell Brands, Inc.		6,774,972		1.2
	73,140	(2)	Nordstrom, Inc.		3,448,551		0.6
	49,790		PVH Corp.		6,276,527		1.1
	42,460		Ralph Lauren Corp.		3,748,793		0.7
	51,810		Tiffany & Co.		4,755,122		0.8
					98,571,942		17.1
			Consumer Staples: 6.0%
	29,170		Constellation Brands, Inc.		5,817,956		1.0
	256,420		Coty, Inc - Class A		4,238,623		0.7
	73,030		Dr Pepper Snapple Group, Inc.		6,460,964		1.1
	82,863	(1)	Edgewell Personal Care Co.		6,029,941		1.0
	49,423		Energizer Holdings, Inc.		2,275,929		0.4
	190,050		Kroger Co.		3,812,403		0.7
	28,920		Molson Coors Brewing Co.		2,361,029		0.4
	55,270	(1)	TreeHouse Foods, Inc.		3,743,437		0.7
					34,740,282		6.0
			Energy: 6.1%
	211,364	(1),(2)	Energen Corp.		11,557,384		2.0
	182,560		EQT Corp.		11,910,214		2.1
	149,110	(2)	PBF Energy, Inc.		4,116,927		0.7
	258,960		Williams Cos., Inc.		7,771,390		1.3
					35,355,915		6.1
			Financials: 22.4%
	5,333	(1)	Alleghany Corp.		2,954,535		0.5
	203,820		Ally Financial, Inc.		4,944,673		0.9
	33,680		Ameriprise Financial, Inc.		5,001,817		0.9
	20,807		Chubb Ltd.		2,966,038		0.5
	166,060		Citizens Financial Group, Inc.		6,288,692		1.1
	288,910		Fifth Third Bancorp		8,083,702		1.4
	58,490		First Republic Bank		6,109,865		1.1
	148,330		Hartford Financial Services Group, Inc.		8,221,932		1.4
	317,620		Huntington Bancshares, Inc.		4,433,975		0.8
	180,050		Invesco Ltd.		6,308,952		1.1
	223,110		Loews Corp.		10,678,045		1.8
	59,673		M&T Bank Corp.		9,609,740		1.7
	72,900		Marsh & McLennan Cos., Inc.		6,109,749		1.1
	65,350		Northern Trust Corp.		6,007,625		1.0
	83,880		Progressive Corp.		4,061,470		0.7
	65,280		Raymond James Financial, Inc.		5,505,062		1.0
	135,480		SunTrust Banks, Inc.		8,097,640		1.4
	85,230		T. Rowe Price Group, Inc.		7,726,099		1.3
	93,930		Unum Group		4,802,641		0.8
	37,150		WR Berkley Corp.		2,479,391		0.4
	168,370		XL Group Ltd.		6,642,197		1.1
	52,450		Zions Bancorp.		2,474,591		0.4
					129,508,431		22.4
			Health Care: 5.2%
	55,640		AmerisourceBergen Corp.		4,604,210		0.8
	35,340		Cigna Corp.		6,606,460		1.1
	46,580	(1)	Henry Schein, Inc.		3,819,094		0.7
	24,920		Humana, Inc.		6,071,260		1.1
	27,460	(1)	Laboratory Corp. of America Holdings		4,145,636		0.7
	42,680		Universal Health Services, Inc.		4,734,919		0.8
					29,981,579		5.2
			Industrials: 7.5%
	77,540		Ametek, Inc.		5,120,742		0.9
	66,130		Carlisle Cos., Inc.		6,632,178		1.2
	87,830		Fortune Brands Home & Security, Inc.		5,904,811		1.0
	44,640		Hubbell, Inc.		5,179,133		0.9
	47,850		IDEX Corp.		5,812,339		1.0
	75,520		MSC Industrial Direct Co.		5,707,046		1.0
	25,150		Regal-Beloit Corp.		1,986,850		0.3
	46,561		Snap-On, Inc.		6,938,055		1.2
					43,281,154		7.5
			Information Technology: 9.5%
	88,580		Amphenol Corp.		7,497,411		1.3
	49,990		Analog Devices, Inc.		4,307,638		0.7
	87,290	(1)	Arrow Electronics, Inc.		7,018,989		1.2
	109,310		CDW Corp.		7,214,460		1.2
	168,586	(1)	CommScope Holding Co., Inc.		5,598,741		1.0
	65,166		Jack Henry & Associates, Inc.		6,698,413		1.2
	151,839	(1)	Keysight Technologies, Inc.		6,325,613		1.1
	117,180	(1),(2)	Match Group, Inc.		2,717,404		0.5
	91,420	(1)	Synopsys, Inc.		7,362,053		1.3
					54,740,722		9.5
			Materials: 4.5%
	210,340		Ball Corp.		8,687,042		1.5

VY® JPMorgan Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Materials: (continued)
	12,660		Sherwin-Williams Co.	$	4,532,786		0.8
	182,830		Silgan Holdings, Inc.		5,380,687		0.9
	129,190		WestRock Co.		7,328,949		1.3
					25,929,464		4.5
			Real Estate: 10.1%
	55,130		American Campus Communities, Inc.		2,433,989		0.4
	94,180		American Homes 4 Rent		2,044,648		0.4
	27,200		AvalonBay Communities, Inc.		4,853,024		0.8
	37,690		Boston Properties, Inc.		4,631,347		0.8
	197,950		Brixmor Property Group, Inc.		3,721,460		0.6
	101,440	(1)	CBRE Group, Inc.		3,842,547		0.7
	11,250		Essex Property Trust, Inc.		2,857,837		0.5
	23,580		Federal Realty Investment Trust		2,928,872		0.5
	108,960		GGP, Inc.		2,263,099		0.4
	33,600		HCP, Inc.		935,088		0.2
	27,703	(1)	JBG SMITH Properties		947,720		0.2
	189,340		Kimco Realty Corp.		3,701,597		0.6
	160,732		Outfront Media, Inc.		4,047,232		0.7
	98,861		Park Hotels & Resorts, Inc.		2,724,609		0.5
	126,420		Rayonier, Inc.		3,652,274		0.6
	40,850		Regency Centers Corp.		2,534,334		0.4
	56,016		Vornado Realty Trust		4,306,510		0.7
	113,230		Weyerhaeuser Co.		3,853,217		0.7
	29,950		WP Carey, Inc.		2,018,331		0.4
					58,297,735		10.1
			Utilities: 8.9%
	59,170		Centerpoint Energy, Inc.		1,728,356		0.3
	189,380		CMS Energy Corp.		8,772,082		1.5
	110,490		Edison International		8,526,513		1.5
	99,530		National Fuel Gas Co.		5,634,393		1.0
	63,680		Sempra Energy		7,267,799		1.3
	134,430		WEC Energy Group, Inc.		8,439,515		1.5
	34,520		Westar Energy, Inc.		1,712,192		0.3
	189,900		Xcel Energy, Inc.		8,986,068		1.5
					51,066,918		8.9
		Total Common Stock (Cost $416,621,661)			561,474,142		97.3

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 5.0%
		Securities Lending Collateral(3): 2.3%
	3,138,120	Citigroup, Inc., Repurchase Agreement dated 09/29/17, 1.08%, due 10/02/17 (Repurchase Amount $3,138,399, collateralized by various U.S. Government Agency Obligations, 1.898%-9.000%, Market Value plus accrued interest $3,200,882, due 12/01/17-06/01/51)	$	3,138,120		0.5
	3,138,120	Daiwa Capital Markets, Repurchase Agreement dated 09/29/17, 1.07%, due 10/02/17 (Repurchase Amount $3,138,396, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.500%, Market Value plus accrued interest $3,200,882, due 10/12/17-12/01/51)		3,138,120		0.6
	3,138,120	Nomura Securities, Repurchase Agreement dated 09/29/17, 1.08%, due 10/02/17 (Repurchase Amount $3,138,399, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-9.000%, Market Value plus accrued interest $3,200,883, due 11/15/17-08/20/67)		3,138,120		0.6
	1,355,990	Royal Bank of Scotland PLC, Repurchase Agreement dated 09/29/17, 1.05%, due 10/02/17 (Repurchase Amount $1,356,107, collateralized by various U.S. Government Securities, 0.488%-3.500%, Market Value plus accrued interest $1,383,114, due 10/31/17-11/15/42)		1,355,990		0.2

VY® JPMorgan Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: (continued)
		Securities Lending Collateral(3) (continued)
	2,442,414	State of Wisconsin Investment Board, Repurchase Agreement dated 09/29/17, 1.20%, due 10/02/17 (Repurchase Amount $2,442,655, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $2,495,738, due 01/15/19-02/15/46)	$	2,442,414		0.4
				13,212,764		2.3

Shares				Value			Percentage of Net Assets
			Mutual Funds: 2.7%
	15,781,682	(4)	BlackRock Liquidity Funds, FedFund, Institutional Class, 0.930% (Cost $15,781,682)		15,781,682			2.7
		Total Short-Term Investments (Cost $28,994,446)			28,994,446			5.0
		Total Investments in Securities (Cost $445,616,107)		$	590,468,588			102.3
		Liabilities in Excess of Other Assets			(13,284,677	)		(2.3	)
		Net Assets		$	577,183,911			100.0

†	Unless otherwise indicated, principal amount is shown in USD.
(1)	Non-income producing security.
(2)	Security, or a portion of the security, is on loan.
(3)	Represents securities purchased with cash collateral received for securities on loan.
(4)	Rate shown is the 7-day yield as of September 30, 2017.

Fair Value Measurements

 The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Common Stock*	$	561,474,142	$	–	$	–	$	561,474,142
Short-Term Investments		15,781,682		13,212,764		–		28,994,446
Total Investments, at fair value	$	577,255,824	$	13,212,764	$	–	$	590,468,588

* For further breakdown of Common Stock by sector, please refer to the Portfolio of Investments.

VY® JPMorgan Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $446,845,627.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	157,177,841
Gross Unrealized Depreciation		(13,554,880	)
Net Unrealized Appreciation	$	143,622,961

VY® Oppenheimer Global Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 96.5%
			China: 2.3%
	47,600	(1)	Baidu, Inc. ADR	$	11,790,044		0.7
	674,995	(1)	JD.com, Inc. ADR		25,784,809		1.6
					37,574,853		2.3
			Denmark: 0.5%
	135,278		FLSmidth & Co. A/S		8,954,971		0.5
			France: 6.5%
	172,948		LVMH Moet Hennessy Louis Vuitton SE		47,808,997		2.9
	91,750		Kering		36,550,020		2.2
	402,220		Societe Generale		23,570,522		1.4
					107,929,539		6.5
			Germany: 7.9%
	144,444		Allianz SE		32,440,036		2.0
	165,555		Bayer AG		22,615,240		1.4
	78,609		Linde AG		16,346,486		1.0
	337,154		SAP SE		36,967,131		2.2
	155,150	(1)	Siemens AG		21,893,003		1.3
					130,261,896		7.9
			India: 2.9%
	10,922,167		DLF Ltd.		27,535,485		1.7
	1,540,792		ICICI Bank Ltd. ADR		13,189,180		0.8
	937,238		Zee Entertainment Enterprises Ltd.		7,474,196		0.4
					48,198,861		2.9
			Italy: 0.7%
	210,702	(2)	Brunello Cucinelli SpA		6,532,841		0.4
	68,697		Tod's S.p.A.		4,872,052		0.3
					11,404,893		0.7
			Japan: 14.8%
	1,148,200		Dai-ichi Life Holdings, Inc.		20,595,938		1.2
	62,400		Fanuc Ltd.		12,651,827		0.8
	790,300		KDDI Corp.		20,832,290		1.3
	74,902		Keyence Corp.		39,837,967		2.4
	322,100		Kyocera Corp.		19,991,413		1.2
	251,200		Murata Manufacturing Co., Ltd.		36,981,234		2.2
	314,200		Nidec Corp.		38,624,886		2.3
	45,900		Nintendo Co., Ltd.		16,924,861		1.0
	489,500	(1)	Renesas Electronics Corp.		5,334,814		0.3
	342,500		Suzuki Motor Corp.		17,976,141		1.1
	235,700		TDK Corp.		16,016,554		1.0
					245,767,925		14.8
			Netherlands: 3.2%
	553,853		Airbus SE		52,723,839		3.2
			Spain: 2.6%
	1,168,262		Banco Bilbao Vizcaya Argentaria S.A.		10,444,668		0.6
	868,425		Industria de Diseno Textil SA		32,739,630		2.0
					43,184,298		2.6
			Sweden: 1.4%
	1,014,405		Assa Abloy AB		23,225,210		1.4
			Switzerland: 2.9%
	809,095		Credit Suisse Group AG		12,819,784		0.8
	36,147		Roche Holding AG		9,239,901		0.5
	1,544,378		UBS Group AG		26,419,643		1.6
					48,479,328		2.9
			United Kingdom: 7.2%
	2,760,672	(1),(2)	Circassia Pharmaceuticals Plc		3,088,910		0.2
	7,470,594	(1),(2)	Earthport PLC		2,490,131		0.1
	1,813,040		International Consolidated Airlines Group SA		14,416,021		0.9
	543,917		International Game Technology PLC		13,353,163		0.8
	1,265,166		Prudential PLC		30,276,010		1.8
	144,420		Shire PLC		7,355,847		0.5
	526,844	(1)	TechnipFMC PLC		14,569,118		0.9
	579,827		Unilever PLC		33,559,971		2.0
					119,109,171		7.2
			United States: 43.6%
	116,380		3M Co.		24,428,162		1.5
	354,930	(1),(2)	Acadia Pharmaceuticals, Inc.		13,370,213		0.8
	225,053	(1)	Adobe Systems, Inc.		33,573,407		2.0
	261,400		Aetna, Inc.		41,565,214		2.5
	49,570	(1)	Alphabet, Inc. - Class A		48,267,300		2.9
	46,607	(1)	Alphabet, Inc. - Class C		44,701,240		2.7
	165,080		Anthem, Inc.		31,345,390		1.9
	54,130	(1)	Biogen, Inc.		16,949,186		1.0
	80,940	(1)	BioMarin Pharmaceutical, Inc.		7,533,086		0.5
	78,530	(1)	Bluebird Bio, Inc.		10,786,095		0.6
	124,450	(1)	Blueprint Medicines Corp.		8,670,432		0.5
	124,930	(1)	Centene Corp.		12,089,476		0.7
	688,420		Citigroup, Inc.		50,075,671		3.0
	502,140		Colgate-Palmolive Co.		36,580,899		2.2
	36,480		Equifax, Inc.		3,866,515		0.2
	237,890	(1)	Facebook, Inc.		40,648,264		2.4
	341,370		FNF Group		16,201,420		1.0
	196,530		Gilead Sciences, Inc.		15,922,861		1.0
	110,630		Goldman Sachs Group, Inc.		26,240,330		1.6
	225,110		Intuit, Inc.		31,997,135		1.9
	219,560	(1),(2)	Ionis Pharmaceuticals, Inc.		11,131,692		0.7
	53,740	(1)	Loxo Oncology, Inc.		4,950,529		0.3
	290,980	(1)	MacroGenics, Inc.		5,377,310		0.3
	670,480		Maxim Integrated Products		31,988,601		1.9
	302,490	(1)	PayPal Holdings, Inc.		19,368,435		1.2
	253,120		S&P Global, Inc.		39,565,187		2.4
	134,780	(1)	Sage Therapeutics, Inc.		8,396,794		0.5
	227,940		Tiffany & Co.		20,920,333		1.3
	465,700	(1)	Twitter, Inc.		7,856,359		0.5
	149,610		United Parcel Service, Inc. - Class B		17,966,665		1.1

VY® Oppenheimer Global Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			United States: (continued)
	230,480		Walt Disney Co.	$	22,718,414		1.4
	154,960		Zimmer Biomet Holdings, Inc.		18,144,266		1.1
					723,196,881		43.6
		Total Common Stock (Cost $802,339,155)			1,600,011,665		96.5
PREFERRED STOCK: 1.9%
			Germany: 1.8%
	334,794		Bayerische Motoren Werke AG		29,842,150		1.8
			India: 0.1%
	5,080,989	(1)	Zee Entertainment Enterprises Ltd.		760,748		0.1
		Total Preferred Stock (Cost $12,716,306)			30,602,898		1.9
		Total Long-Term Investments (Cost $815,055,461)			1,630,614,563		98.4

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 2.5%
		Securities Lending Collateral(3): 0.9%
	3,558,281	Citigroup, Inc., Repurchase Agreement dated 09/29/17, 1.08%, due 10/02/17 (Repurchase Amount $3,558,597, collateralized by various U.S. Government Agency Obligations, 1.898%-9.000%, Market Value plus accrued interest $3,629,447, due 12/01/17-06/01/51)		3,558,281		0.2
	3,558,281	Daiwa Capital Markets, Repurchase Agreement dated 09/29/17, 1.07%, due 10/02/17 (Repurchase Amount $3,558,594, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.500%, Market Value plus accrued interest $3,629,447, due 10/12/17-12/01/51)		3,558,281		0.2
	3,558,281	Nomura Securities, Repurchase Agreement dated 09/29/17, 1.08%, due 10/02/17 (Repurchase Amount $3,558,597, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-9.000%, Market Value plus accrued interest $3,629,447, due 11/15/17-08/20/67)		3,558,281		0.2
	1,537,527	Royal Bank of Scotland PLC, Repurchase Agreement dated 09/29/17, 1.05%, due 10/02/17 (Repurchase Amount $1,537,660, collateralized by various U.S. Government Securities, 0.488%-3.500%, Market Value plus accrued interest $1,568,282, due 10/31/17-11/15/42)		1,537,527		0.1
	2,769,406	State of Wisconsin Investment Board, Repurchase Agreement dated 09/29/17, 1.20%, due 10/02/17 (Repurchase Amount $2,769,679, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $2,829,869, due 01/15/19-02/15/46)		2,769,406		0.2
				14,981,776		0.9

Shares				Value			Percentage of Net Assets
			Mutual Funds: 1.6%
	26,801,816	(4)	BlackRock Liquidity Funds, FedFund, Institutional Class, 0.930% (Cost $26,801,816)		26,801,816			1.6
		Total Short-Term Investments (Cost $41,783,592)			41,783,592			2.5
		Total Investments in Securities (Cost $856,839,053)		$	1,672,398,155			100.9
		Liabilities in Excess of Other Assets			(15,115,131	)		(0.9	)
		Net Assets		$	1,657,283,024			100.0

VY® Oppenheimer Global Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

†	Unless otherwise indicated, principal amount is shown in USD.
ADR	American Depositary Receipt
(1)	Non-income producing security.
(2)	Security, or a portion of the security, is on loan.
(3)	Represents securities purchased with cash collateral received for securities on loan.
(4)	Rate shown is the 7-day yield as of September 30, 2017.

Sector Diversification	Percentage of Net Assets
Information Technology		26.6	%
Financials		18.2
Consumer Discretionary		16.3
Health Care		15.0
Industrials		13.2
Consumer Staples		4.2
Real Estate		1.7
Telecommunication Services		1.3
Materials		1.0
Energy		0.9
Short-Term Investments		2.5
Liabilities in Excess of Other Assets		(0.9	)
Net Assets		100.0	%

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Common Stock
China	$	37,574,853	$	–	$	–	$	37,574,853
Denmark		–		8,954,971		–		8,954,971
France		–		107,929,539		–		107,929,539
Germany		–		130,261,896		–		130,261,896
India		13,189,180		35,009,681		–		48,198,861
Italy		–		11,404,893		–		11,404,893
Japan		–		245,767,925		–		245,767,925
Netherlands		–		52,723,839		–		52,723,839
Spain		–		43,184,298		–		43,184,298
Sweden		–		23,225,210		–		23,225,210
Switzerland		–		48,479,328		–		48,479,328
United Kingdom		18,932,204		100,176,967		–		119,109,171
United States		723,196,881		–		–		723,196,881
Total Common Stock		792,893,118		807,118,547		–		1,600,011,665
Preferred Stock		760,748		29,842,150		–		30,602,898
Short-Term Investments		26,801,816		14,981,776		–		41,783,592
Total Investments, at fair value	$	820,455,682	$	851,942,473	$	–	$	1,672,398,155

# The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Portfolio may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Portfolio's investments are categorized as Level 2 investments.

VY® Oppenheimer Global Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $863,791,826.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	829,294,053
Gross Unrealized Depreciation		(20,639,924	)
Net Unrealized Appreciation	$	808,654,129

	PORTFOLIO OF INVESTMENTS
VY® Pioneer High Yield Portfolio	as of September 30, 2017 (Unaudited)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: 72.3%
			Basic Materials: 3.2%
	211,000		AK Steel Corp., 6.375%, 10/15/25	$	208,890		0.2
	300,000	(1)	Ausdrill Finance Pty Ltd., 6.875%, 11/01/19		305,625		0.3
	150,000	(1)	Big River Steel LLC / BRS Finance Corp., 7.250%, 09/01/25		159,525		0.1
	389,000		CF Industries, Inc., 3.450%, 06/01/23		385,110		0.4
	300,000		Coeur Mining, Inc., 5.875%, 06/01/24		301,125		0.3
	130,000		Commercial Metals Co., 5.375%, 07/15/27		136,825		0.1
	530,000		Freeport-McMoRan, Inc., 3.550%, 03/01/22		523,211		0.5
	60,000		Hexion, Inc., 6.625%, 04/15/20		54,000		0.1
	75,000	(1)	Hudbay Minerals, Inc., 7.250%, 01/15/23		80,250		0.1
	100,000	(1)	Hudbay Minerals, Inc., 7.625%, 01/15/25		108,752		0.1
	190,000	(1)	Kinross Gold Corp., 4.500%, 07/15/27		192,137		0.2
	435,000	(1)	Kraton Polymers LLC / Kraton Polymers Capital Corp., 7.000%, 04/15/25		468,712		0.4
	145,000	(1)	Tronox Finance LLC, 7.500%, 03/15/22		153,519		0.1
	166,000		United States Steel Corp., 6.875%, 08/15/25		170,565		0.2
	110,000	(1)	Valvoline, Inc., 4.375%, 08/15/25		112,074		0.1
					3,360,320		3.2
			Communications: 12.6%
	200,000	(1)	Altice Financing SA, 6.625%, 02/15/23		212,500		0.2
	200,000	(1)	Altice US Finance I Corp., 5.375%, 07/15/23		212,000		0.2
	365,000	(1),(2)	Avaya, Inc., 7.000%, 04/01/19		310,250		0.3
	200,000	(1),(3)	CB Escrow Corp., 8.000%, 10/15/25		202,000		0.2
	505,000	(1)	CCO Holdings LLC / CCO Holdings Capital Corp., 5.500%, 05/01/26		524,569		0.5
	310,000	(1)	CCO Holdings LLC / CCO Holdings Capital Corp., 5.750%, 02/15/26		326,275		0.3
	380,000		CenturyLink, Inc., 6.450%, 06/15/21		397,301		0.4
	155,000	(1)	CommScope Technologies LLC, 5.000%, 03/15/27		155,775		0.1
	120,000	(1)	CommScope, Inc., 5.000%, 06/15/21		123,450		0.1
	200,000	(1)	CSC Holdings LLC, 5.500%, 04/15/27		208,500		0.2
	150,000		DISH DBS Corp., 5.875%, 11/15/24		157,717		0.1
	300,000		DISH DBS Corp., 5.875%, 07/15/22		319,500		0.3
	86,000		Frontier Communications Corp., 8.500%, 04/15/20		83,635		0.1
	555,000		Frontier Communications Corp., 8.750%, 04/15/22		455,100		0.4
	330,000		Frontier Communications Corp., 10.500%, 09/15/22		288,750		0.3
	250,000		GCI, Inc., 6.750%, 06/01/21		256,562		0.2
	140,000		GCI, Inc., 6.875%, 04/15/25		151,200		0.1
	250,000	(1)	Gray Television, Inc., 5.125%, 10/15/24		251,875		0.2
	280,000	(1)	Gray Television, Inc., 5.875%, 07/15/26		289,100		0.3
	415,000		Hughes Satellite Systems Corp., 5.250%, 08/01/26		433,156		0.4
	87,000		IAC/InterActiveCorp, 4.875%, 11/30/18		87,435		0.1
	690,000		Level 3 Financing, Inc., 5.250%, 03/15/26		708,761		0.7
	195,000	(1)	MDC Partners, Inc., 6.500%, 05/01/24		197,437		0.2
	1,445,000	(4)	Millicom International Cellular S.A. Escrow, 11/15/26		–		–
	550,000	(1)	Netflix, Inc., 4.375%, 11/15/26		553,267		0.5
	245,000	(1)	Nexstar Broadcasting, Inc., 5.625%, 08/01/24		254,187		0.2
	200,000	(1)	SFR Group SA, 6.000%, 05/15/22		209,250		0.2
	350,000		Quebecor Media, Inc., 5.750%, 01/15/23		381,938		0.4
	425,000	(1)	Sinclair Television Group, Inc., 5.125%, 02/15/27		414,906		0.4
	170,000	(1)	Sirius XM Radio, Inc., 4.625%, 05/15/23		175,100		0.2
	525,000	(1)	Sirius XM Radio, Inc., 5.000%, 08/01/27		538,125		0.5
	1,660,000		Sprint Corp., 7.250%, 09/15/21		1,848,825		1.7
	425,000		TEGNA, Inc., 6.375%, 10/15/23		453,687		0.4
	95,000		T-Mobile USA, Inc., 5.125%, 04/15/25		99,513		0.1
	130,000		T-Mobile USA, Inc., 6.000%, 03/01/23		137,313		0.1
	250,000		T-Mobile USA, Inc., 6.000%, 04/15/24		265,938		0.2
	70,000		T-Mobile USA, Inc., 6.500%, 01/15/24		74,760		0.1
	450,000		T-Mobile USA, Inc., 6.500%, 01/15/26		497,813		0.5
	24,000	(1)	Univision Communications, Inc., 5.125%, 02/15/25		24,270		0.0

	PORTFOLIO OF INVESTMENTS
VY® Pioneer High Yield Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage  of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Communications: (continued)
	440,000	(1)	Videotron Ltd., 5.375%, 06/15/24	$	479,600		0.4
	375,000		Windstream Services LLC, 6.375%, 08/01/23		267,188		0.3
	360,000		Windstream Services LLC, 7.500%, 06/01/22		270,900		0.3
	200,000		Windstream Services LLC, 7.750%, 10/15/20		161,000		0.2
					13,460,428		12.6
			Consumer, Cyclical: 11.4%
	75,000	(1)	Allison Transmission, Inc., 4.750%, 10/01/27		75,656		0.1
	190,000		AMC Entertainment Holdings, Inc., 5.875%, 11/15/26		187,150		0.2
	160,000		AMC Entertainment Holdings, Inc., 6.125%, 05/15/27		158,800		0.1
	335,000		Asbury Automotive Group, Inc., 6.000%, 12/15/24		351,750		0.3
	94,000	(1)	Avantor, Inc., 6.000%, 10/01/24		96,350		0.1
	225,000	(1),(3)	Beazer Homes USA, Inc., 5.875%, 10/15/27		225,562		0.2
	570,000		Beazer Homes USA, Inc., 6.750%, 03/15/25		603,117		0.6
	70,000		Beazer Homes USA, Inc., 8.750%, 03/15/22		77,700		0.1
	230,000	(1)	Cooper-Standard Automotive, Inc., 5.625%, 11/15/26		235,750		0.2
	300,000		Eldorado Resorts, Inc., 6.000%, 04/01/25		316,560		0.3
	535,000		Ferrellgas L.P. / Ferrellgas Finance Corp., 6.750%, 01/15/22		521,625		0.5
	360,000		Global Partners L.P. / GLP Finance Corp., 7.000%, 06/15/23		363,600		0.3
	230,000	(1)	Golden Nugget, Inc., 8.750%, 10/01/25		234,600		0.2
	350,000		Goodyear Tire & Rubber Co/The, 5.000%, 05/31/26		366,187		0.3
	196,000	(1)	H&E Equipment Services, Inc., 5.625%, 09/01/25		207,270		0.2
	165,000	(1)	Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc., 6.125%, 12/01/24		181,541		0.2
	225,000	(1)	Intrepid Aviation Group Holdings LLC / Intrepid Finance Co., 6.875%, 02/15/19		221,906		0.2
	310,000	(1)	JB Poindexter & Co., Inc., 9.000%, 04/01/22		324,725		0.3
	400,000		KB Home, 7.000%, 12/15/21		451,000		0.4
	245,000		KB Home, 7.500%, 09/15/22		281,750		0.3
	205,000	(1)	KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC, 5.250%, 06/01/26		217,812		0.2
	205,000	(1)	KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC, 5.000%, 06/01/24		216,531		0.2
	250,000	(1)	Landry's, Inc., 6.750%, 10/15/24		253,438		0.2
	250,000		Lennar Corp., 4.500%, 06/15/19		258,125		0.2
	465,000		Lennar Corp., 4.750%, 11/15/22		493,481		0.5
	100,000		LKQ Corp., 4.750%, 05/15/23		104,125		0.1
	310,000		MDC Holdings, Inc., 5.500%, 01/15/24		335,482		0.3
	230,000		Meritage Homes Corp., 5.125%, 06/06/27		231,150		0.2
	145,000		Meritage Homes Corp., 7.000%, 04/01/22		166,388		0.2
	200,000	(1)	Nexteer Automotive Group Ltd., 5.875%, 11/15/21		209,000		0.2
	48,000		Penske Automotive Group, Inc., 3.750%, 08/15/20		49,080		0.0
	230,000	(1)	PetSmart, Inc., 7.125%, 03/15/23		180,044		0.2
	340,000	(1)	PetSmart, Inc., 8.875%, 06/01/25		270,725		0.2
	280,000		PulteGroup, Inc., 5.000%, 01/15/27		292,250		0.3
	270,000		Regal Entertainment Group, 5.750%, 02/01/25		274,725		0.3
	150,000		Regal Entertainment Group, 5.750%, 03/15/22		155,250		0.1
	130,000		CalAtlantic Group, Inc., 5.375%, 10/01/22		142,045		0.1
	990,000		Scientific Games International, Inc., 10.000%, 12/01/22		1,100,138		1.0
	365,000	(1)	Taylor Morrison Communities, Inc. / Taylor Morrison Holdings II, Inc., 5.625%, 03/01/24		381,425		0.4
	175,000		Tempur Sealy International, Inc., 5.500%, 06/15/26		179,375		0.2
	360,000	(1)	TI Group Automotive Systems LLC, 8.750%, 07/15/23		383,400		0.4
	90,000		Titan International, Inc., 6.875%, 10/01/20		92,914		0.1
	190,000		TRI Pointe Group, Inc., 5.250%, 06/01/27		193,325		0.2
	228,000	(1)	Viking Cruises Ltd., 5.875%, 09/15/27		229,357		0.2
	105,000	(1)	Viking Cruises Ltd, 6.250%, 05/15/25		108,806		0.1

	PORTFOLIO OF INVESTMENTS
VY® Pioneer High Yield Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Consumer, Cyclical: (continued)
	160,000	(1)	ZF North America Capital, Inc., 4.750%, 04/29/25	$	169,400		0.2
					12,170,390		11.4
			Consumer, Non-cyclical: 11.3%
	80,000	(1)	Alliance One International, Inc., 8.500%, 04/15/21		83,600		0.1
	360,000		Alliance One International, Inc., 9.875%, 07/15/21		318,150		0.3
	200,000	(1)	Ashtead Capital, Inc., 4.125%, 08/15/25		206,250		0.2
	225,000		BioScrip, Inc., 8.875%, 02/15/21		207,000		0.2
	215,000	(1)	C&S Group Enterprises LLC, 5.375%, 07/15/22		213,925		0.2
	150,000		Centene Corp., 4.750%, 01/15/25		156,000		0.1
	165,000		Centene Corp., 5.625%, 02/15/21		172,045		0.2
	110,000		Centene Corp., 6.125%, 02/15/24		119,212		0.1
	124,000	(1)	Cenveo Corp., 6.000%, 08/01/19		98,890		0.1
	85,000		CHS/Community Health Systems, Inc., 6.250%, 03/31/23		84,256		0.1
	145,000		CHS/Community Health Systems, Inc., 6.875%, 02/01/22		114,369		0.1
	755,000		CHS/Community Health Systems, Inc., 8.000%, 11/15/19		738,012		0.7
	375,000	(1)	Cimpress NV, 7.000%, 04/01/22		390,469		0.4
	250,000	(1)	CSVC Acquisition Corp., 7.750%, 06/15/25		245,625		0.2
	270,000	(1)	Endo Finance LLC, 5.750%, 01/15/22		238,275		0.2
	200,000	(1)	Endo Ltd. / Endo Finance LLC / Endo Finco, Inc., 6.000%, 02/01/25		163,000		0.2
	200,000	(1)	FAGE International SA/ FAGE USA Dairy Industry, Inc., 5.625%, 08/15/26		208,500		0.2
	600,000		HCA, Inc., 5.250%, 06/15/26		648,000		0.6
	35,000	(1)	Horizon Pharma, Inc. / Horizon Pharma USA, Inc., 8.750%, 11/01/24		36,837		0.0
	200,000		Horizon Pharma, Inc., 6.625%, 05/01/23		196,000		0.2
	465,000		Kindred Healthcare, Inc., 6.375%, 04/15/22		423,150		0.4
	240,000		Kindred Healthcare, Inc., 8.000%, 01/15/20		236,926		0.2
	80,000	(1)	Lamb Weston Holdings, Inc., 4.625%, 11/01/24		83,800		0.1
	80,000	(1)	Lamb Weston Holdings, Inc., 4.875%, 11/01/26		84,200		0.1
	345,000		Molina Healthcare, Inc., 5.375%, 11/15/22		357,282		0.3
	424,000	(1)	Pilgrim's Pride Corp., 5.875%, 09/30/27		435,660		0.4
	325,000	(1)	Post Holdings, Inc., 5.000%, 08/15/26		325,203		0.3
	260,000	(1)	Post Holdings, Inc., 6.000%, 12/15/22		273,325		0.3
	510,000	(1)	RegionalCare Hospital Partners Holdings, Inc., 8.250%, 05/01/23		538,688		0.5
	250,000		Revlon Consumer Products Corp., 5.750%, 02/15/21		219,375		0.2
	115,000		Revlon Consumer Products Corp., 6.250%, 08/01/24		89,413		0.1
	235,000	(1)	Team Health Holdings, Inc., 6.375%, 02/01/25		223,250		0.2
	360,000		Tenet Healthcare Corp., 4.375%, 10/01/21		366,750		0.3
	85,000	(1)	Tenet Healthcare Corp., 7.500%, 01/01/22		90,206		0.1
	130,000		Tenet Healthcare Corp., 8.125%, 04/01/22		132,600		0.1
	60,000		United Rentals North America, Inc., 4.625%, 10/15/25		60,900		0.1
	60,000		United Rentals North America, Inc., 4.875%, 01/15/28		60,375		0.1
	525,000		United Rentals North America, Inc., 5.750%, 11/15/24		559,125		0.5
	500,000		Universal Hospital Services, Inc., 7.625%, 08/15/20		508,750		0.5
	1,709,000	(1)	Valeant Pharmaceuticals International, Inc., 5.875%, 05/15/23		1,514,601		1.4
	95,000	(1)	Valeant Pharmaceuticals International, Inc., 6.500%, 03/15/22		100,463		0.1
	125,000	(1)	Valeant Pharmaceuticals International, Inc., 7.000%, 03/15/24		133,438		0.1
	525,000		WellCare Health Plans, Inc., 5.250%, 04/01/25		553,875		0.5
	50,000	(1)	West Street Merger Sub, Inc., 6.375%, 09/01/25		50,000		0.0
					12,059,770		11.3
			Energy: 14.0%
	150,000	(1)	Alta Mesa Holdings L.P. / Alta Mesa Finance Services Corp., 7.875%, 12/15/24		162,750		0.2

	PORTFOLIO OF INVESTMENTS
VY® Pioneer High Yield Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Energy: (continued)
	200,000		Andeavor Logistics L.P. / Tesoro Logistics Finance Corp., 5.250%, 01/15/25	$	215,000		0.2
	135,000		Antero Midstream Partners L.P. / Antero Midstream Finance Corp., 5.375%, 09/15/24		140,400		0.1
	212,000		Antero Resources Corp., 5.000%, 03/01/25		216,240		0.2
	355,000	(1)	Blue Racer Midstream LLC / Blue Racer Finance Corp., 6.125%, 11/15/22		370,087		0.4
	160,000	(1)	California Resources Corp., 8.000%, 12/15/22		104,600		0.1
	350,000		Calumet Specialty Products Partners L.P. / Calumet Finance Corp., 6.500%, 04/15/21		343,656		0.3
	175,000		Calumet Specialty Products Partners L.P. / Calumet Finance Corp., 7.750%, 04/15/23		171,500		0.2
	518,000	(1)	Cheniere Corpus Christi Holdings LLC, 5.125%, 06/30/27		536,130		0.5
	100,000		Cheniere Corpus Christi Holdings LLC, 5.875%, 03/31/25		108,000		0.1
	137,000	(1)	Chesapeake Energy Corp., 8.000%, 12/15/22		148,302		0.1
	180,000	(1)	Chesapeake Energy Corp., 8.000%, 06/15/27		178,650		0.2
	137,000	(1)	Cobalt International Energy, Inc., 7.750%, 12/01/23		87,680		0.1
	318,000	(1)	Cobalt International Energy, Inc., 10.750%, 12/01/21		310,050		0.3
	200,000		Concho Resources, Inc., 4.375%, 01/15/25		211,000		0.2
	160,000	(1)	Covey Park Energy LLC / Covey Park Finance Corp., 7.500%, 05/15/25		166,200		0.2
	90,000		DCP Midstream Operating L.P., 2.700%, 04/01/19		90,000		0.1
	120,000		DCP Midstream Operating L.P., 3.875%, 03/15/23		118,200		0.1
	325,000		DCP Midstream Operating L.P., 5.600%, 04/01/44		304,687		0.3
	285,000	(1)	Delek Logistics Partners L.P., 6.750%, 05/15/25		288,562		0.3
	250,000		Denbury Resources, Inc., 4.625%, 07/15/23		132,500		0.1
	295,000		Energy Transfer Equity L.P., 5.875%, 01/15/24		318,231		0.3
	60,000		EnLink Midstream Partners L.P., 5.050%, 04/01/45		57,985		0.1
	174,000		EnLink Midstream Partners L.P., 5.600%, 04/01/44		179,748		0.2
	5,000		EP Energy LLC / Everest Acquisition Finance, Inc., 9.375%, 05/01/20		4,187		0.0
	150,000	(1)	Exterran Energy Solutions L.P. / EES Finance Corp., 8.125%, 05/01/25		155,625		0.1
	50,000		Archrock Partners L.P. / Archrock Partners Finance Corp., 6.000%, 10/01/22		48,875		0.0
	525,000		Archrock Partners L.P. / Archrock Partners Finance Corp., 6.000%, 04/01/21		517,125		0.5
	205,000	(1)	Extraction Oil & Gas Holdings LLC / Extraction Finance Corp., 7.875%, 07/15/21		217,300		0.2
	210,000		Genesis Energy L.P. / Genesis Energy Finance Corp., 5.750%, 02/15/21		211,837		0.2
	233,000		Genesis Energy L.P. / Genesis Energy Finance Corp., 6.500%, 10/01/25		231,544		0.2
	100,000		Genesis Energy L.P. / Genesis Energy Finance Corp., 6.750%, 08/01/22		102,750		0.1
	245,000	(1)	Great Western Petroleum LLC / Great Western Finance Corp., 9.000%, 09/30/21		247,756		0.2
	300,000		Gulfport Energy Corp., 6.000%, 10/15/24		303,750		0.3
	200,000		Gulfport Energy Corp., 6.375%, 05/15/25		203,250		0.2
	20,000		Gulfport Energy Corp., 6.625%, 05/01/23		20,350		0.0
	150,000	(1)	Halcon Resources Corp., 6.750%, 02/15/25		156,000		0.1
	131,000	(1)	Halcon Resources Corp., 12.000%, 02/15/22		158,510		0.2
	255,000	(1)	Hilcorp Energy I L.P. / Hilcorp Finance Co., 5.750%, 10/01/25		259,144		0.2
	100,000	(1)	MEG Energy Corp., 6.500%, 01/15/25		97,750		0.1
	295,000	(1)	MEG Energy Corp., 7.000%, 03/31/24		254,438		0.2
	345,000		MPLX L.P., 4.875%, 06/01/25		370,407		0.4
	80,000		Murphy Oil Corp., 6.875%, 08/15/24		85,499		0.1
	250,000		Murphy Oil USA, Inc., 6.000%, 08/15/23		264,375		0.3
	162,000	(1)	NGPL PipeCo LLC, 4.375%, 08/15/22		168,480		0.2
	303,000		Noble Energy, Inc., 5.625%, 05/01/21		312,341		0.3

	PORTFOLIO OF INVESTMENTS
VY® Pioneer High Yield Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Energy: (continued)
	330,000		Oasis Petroleum, Inc., 6.875%, 03/15/22	$	337,425		0.3
	230,000	(1)	Parsley Energy LLC / Parsley Finance Corp., 5.375%, 01/15/25		236,038		0.2
	210,000	(1)	Parsley Energy LLC / Parsley Finance Corp., 6.250%, 06/01/24		222,075		0.2
	200,000		PBF Holding Co. LLC / PBF Finance Corp., 7.000%, 11/15/23		207,000		0.2
	215,000		PDC Energy, Inc., 7.750%, 10/15/22		224,003		0.2
	275,000	(1)	Range Resources Corp., 5.000%, 03/15/23		274,313		0.3
	410,000		Rice Energy, Inc., 6.250%, 05/01/22		428,963		0.4
	70,000		Rowan Cos, Inc., 4.875%, 06/01/22		65,800		0.1
	296,000		Rowan Cos, Inc., 5.400%, 12/01/42		226,440		0.2
	31,000		Rowan Cos, Inc., 5.850%, 01/15/44		24,800		0.0
	125,000		Sabine Pass Liquefaction LLC, 5.000%, 03/15/27		133,367		0.1
	100,000		Sabine Pass Liquefaction LLC, 5.625%, 02/01/21		108,439		0.1
	245,000		Sabine Pass Liquefaction LLC, 5.875%, 06/30/26		274,444		0.3
	55,000		Sanchez Energy Corp., 6.125%, 01/15/23		47,575		0.0
	360,000		Sanchez Energy Corp., 7.750%, 06/15/21		342,900		0.3
	85,000	(1)	SESI LLC, 7.750%, 09/15/24		88,188		0.1
	35,000		SM Energy Co., 6.125%, 11/15/22		35,263		0.0
	260,000		SM Energy Co., 6.750%, 09/15/26		261,300		0.2
	120,000		Summit Midstream Holdings LLC / Summit Midstream Finance Corp., 5.750%, 04/15/25		122,400		0.1
	335,000		Targa Resources Partners L.P. / Targa Resources Partners Finance Corp., 4.250%, 11/15/23		333,744		0.3
	215,000		Targa Resources Partners L.P. / Targa Resources Partners Finance Corp., 5.250%, 05/01/23		219,838		0.2
	135,000	(1)	TerraForm Power Operating LLC, 6.375%, 02/01/23		141,075		0.1
	300,000		Andeavor, 5.375%, 10/01/22		308,934		0.3
	270,000	(1)	Trinidad Drilling Ltd, 6.625%, 02/15/25		253,800		0.2
	180,000		Williams Cos, Inc./The, 4.550%, 06/24/24		187,200		0.2
	200,000		WPX Energy, Inc., 5.250%, 09/15/24		201,500		0.2
	101,000		WPX Energy, Inc., 7.500%, 08/01/20		110,343		0.1
	80,000		WPX Energy, Inc., 8.250%, 08/01/23		90,100		0.1
					14,858,718		14.0
			Financial: 7.3%
	247,465	(1),(5)	AAF Holdings LLC/AAF Finance Co., 12.000% (PIK Rate 12.750%, Cash Rate 12.000%), 07/01/19		259,838		0.3
	500,000	(1)	Alliance Data Systems Corp., 5.875%, 11/01/21		521,250		0.5
	300,000		Ally Financial, Inc., 4.625%, 03/30/25		315,750		0.3
	200,000		Ally Financial, Inc., 4.625%, 05/19/22		210,000		0.2
	308,000		Ally Financial, Inc., 5.750%, 11/20/25		335,089		0.3
	235,000		Credit Suisse Group AG, 7.125%, 07/29/65		253,800		0.2
	140,000	(1)	CyrusOne L.P. / CyrusOne Finance Corp., 5.000%, 03/15/24		147,700		0.1
	40,000	(1)	CyrusOne L.P. / CyrusOne Finance Corp., 5.375%, 03/15/27		43,000		0.1
	125,000	(1)	Dana Financing Luxembourg Sarl, 5.750%, 04/15/25		132,187		0.1
	195,000		Equinix, Inc., 5.375%, 04/01/23		203,931		0.2
	600,000		Fly Leasing Ltd., 6.375%, 10/15/21		629,250		0.6
	215,000		HSBC Holdings PLC, 6.000%, 11/22/65		225,406		0.2
	260,000	(1)	Iron Mountain US Holdings, Inc., 5.375%, 06/01/26		273,650		0.3
	300,000		Iron Mountain, Inc., 5.750%, 08/15/24		310,875		0.3
	250,000		Kennedy-Wilson, Inc., 5.875%, 04/01/24		258,437		0.3
	250,000	(1)	Kilimanjaro Re Ltd. (Cat Bond), 10.291%, (T-BILL 3MO + 9.250%), 12/06/19		245,875		0.2
	220,000		MPT Operating Partnership L.P. / MPT Finance Corp., 5.000%, 10/15/27		226,050		0.2
	300,000		MPT Operating Partnership L.P. / MPT Finance Corp., 5.500%, 05/01/24		316,125		0.3
	125,000		Nationstar Mortgage LLC / Nationstar Capital Corp., 6.500%, 06/01/22		129,063		0.1
	575,000		Nationstar Mortgage LLC / Nationstar Capital Corp., 6.500%, 07/01/21		588,297		0.6

	PORTFOLIO OF INVESTMENTS
VY® Pioneer High Yield Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Financial: (continued)
	308,000	(1)	Provident Funding Associates L.P. / PFG Finance Corp., 6.375%, 06/15/25	$	324,170		0.3
	120,000	(1)	Quicken Loans, Inc., 5.750%, 05/01/25		126,600		0.1
	225,000	(1)	Rialto Holdings LLC / Rialto Corp., 7.000%, 12/01/18		227,813		0.2
	600,000		Royal Bank of Scotland Group PLC, 8.000%, 12/29/49		666,000		0.6
	200,000	(1)	Societe Generale SA, 7.375%, 12/29/49		217,000		0.2
	235,000		UBS Group AG, 7.125%, 08/10/65		255,033		0.2
	335,000	(1)	Uniti Group, Inc. / CSL Capital LLC, 6.000%, 04/15/23		321,600		0.3
					7,763,789		7.3
			Industrial: 5.4%
	135,000	(1)	Advanced Disposal Services, Inc., 5.625%, 11/15/24		141,412		0.1
	105,000		AECOM, 5.875%, 10/15/24		116,833		0.1
	250,000	(1)	Amsted Industries, Inc., 5.000%, 03/15/22		259,375		0.2
	250,000	(1)	Amsted Industries, Inc., 5.375%, 09/15/24		264,062		0.2
	220,000	(1)	Apex Tool Group LLC, 7.000%, 02/01/21		204,600		0.2
EUR	100,000	(5)	ARD Finance SA, 6.625% (PIK Rate 7.375%, Cash Rate 0.000%), 09/15/23		126,315		0.1
	100,000	(5)	ARD Finance SA, 7.125% (PIK Rate 7.875%, Cash Rate 0.000%), 09/15/23		107,000		0.1
	80,000	(1)	Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc., 4.625%, 05/15/23		82,476		0.1
	220,000	(1)	Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc., 6.000%, 02/15/25		233,475		0.2
	90,000	(1)	Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc., 7.250%, 05/15/24		99,056		0.1
	325,000		Ball Corp., 4.000%, 11/15/23		333,531		0.3
	500,000		Ball Corp., 5.250%, 07/01/25		550,750		0.5
	85,000	(1)	Belden, Inc., 5.250%, 07/15/24		89,038		0.1
	140,000	(1)	Builders FirstSource, Inc., 5.625%, 09/01/24		148,575		0.1
	305,000	(1)	Cleaver-Brooks, Inc., 8.750%, 12/15/19		313,388		0.3
	205,000	(1)	Coveris Holdings SA, 7.875%, 11/01/19		202,950		0.2
	640,000		Crown Cork & Seal Co., Inc., 7.375%, 12/15/26		755,200		0.7
	110,000	(1)	DAE Funding LLC, 4.500%, 08/01/22		113,011		0.1
	150,000		Engility Corp., 8.875%, 09/01/24		165,188		0.2
	100,000	(1)	EnPro Industries, Inc., 5.875%, 09/15/22		104,875		0.1
	205,000		Griffon Corp., 5.250%, 03/01/22		208,075		0.2
	265,000		MasTec, Inc., 4.875%, 03/15/23		272,288		0.3
	80,000		Park-Ohio Industries, Inc., 6.625%, 04/15/27		86,600		0.1
	100,000		Reynolds Group Issuer, Inc., 5.750%, 10/15/20		101,880		0.1
	200,000	(1)	syncreon Group BV / syncreon Global Finance US, Inc., 8.625%, 11/01/21		165,500		0.2
	75,000	(1)	TTM Technologies, Inc., 5.625%, 10/01/25		76,078		0.1
	230,000	(1)	Tutor Perini Corp., 6.875%, 05/01/25		250,125		0.2
	185,000	(1)	USG Corp., 4.875%, 06/01/27		193,556		0.2
					5,765,212		5.4
			Technology: 4.0%
	210,000		Brocade Communications Systems, Inc., 4.625%, 01/15/23		216,300		0.2
	310,000	(1)	Change Healthcare Holdings LLC / Change Healthcare Finance, Inc., 5.750%, 03/01/25		316,975		0.3
	145,000	(1)	Dell International LLC / EMC Corp., 5.875%, 06/15/21		151,948		0.1
	385,000		Diebold Nixdorf, Inc., 8.500%, 04/15/24		418,791		0.4
	375,000	(1)	Entegris, Inc., 6.000%, 04/01/22		392,344		0.4
	570,000	(1)	First Data Corp., 5.750%, 01/15/24		598,500		0.6
	155,000	(1)	First Data Corp., 7.000%, 12/01/23		165,896		0.1
	70,000	(1)	j2 Cloud Services LLC / j2 Global Co-Obligor, Inc., 6.000%, 07/15/25		73,588		0.1
	200,000	(1)	Micron Technology, Inc., 5.250%, 08/01/23		209,600		0.2
	200,000	(2),(4)	Midway Games, Inc., 06/01/21		–		–
	160,000	(1)	MSCI, Inc., 4.750%, 08/01/26		168,800		0.2
	250,000	(1)	MSCI, Inc., 5.250%, 11/15/24		267,500		0.2
	265,000		NCR Corp., 5.000%, 07/15/22		272,288		0.2

	PORTFOLIO OF INVESTMENTS
VY® Pioneer High Yield Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Technology: (continued)
	160,000		NCR Corp., 6.375%, 12/15/23	$	171,056		0.2
	200,000	(1)	Open Text Corp., 5.875%, 06/01/26		220,000		0.2
	200,000	(1)	Quintiles IMS, Inc., 5.000%, 10/15/26		212,500		0.2
	400,000	(1)	Rackspace Hosting, Inc., 8.625%, 11/15/24		427,500		0.4
					4,283,586		4.0
			Utilities: 3.1%
	77,000		AES Corp./VA, 5.125%, 09/01/27		79,117		0.1
	505,000		AES Corp., 4.875%, 05/15/23		520,150		0.5
	100,000		AES Corp., 5.500%, 03/15/24		104,875		0.1
	200,000		AmeriGas Partners L.P. / AmeriGas Finance Corp., 5.500%, 05/20/25		206,500		0.2
	200,000	(1)	Calpine Corp., 5.250%, 06/01/26		200,000		0.2
	580,000		Calpine Corp., 5.750%, 01/15/25		550,275		0.5
	361,000	(1)	Dynegy, Inc., 8.000%, 01/15/25		375,440		0.3
	263,000	(1)	Dynegy, Inc., 8.125%, 01/30/26		271,219		0.2
	65,000	(1)	NextEra Energy Operating Partners L.P., 4.250%, 09/15/24		66,544		0.1
	620,000		NRG Energy, Inc., 6.625%, 01/15/27		652,550		0.6
	189,825	(1)	NSG Holdings LLC / NSG Holdings, Inc., 7.750%, 12/15/25		206,435		0.2
	81,000		Talen Energy Supply LLC, 6.500%, 06/01/25		61,965		0.1
					3,295,070		3.1
		Total Corporate Bonds/Notes
		(Cost $74,743,775)			77,017,283		72.3
COMMERCIAL MORTGAGE-BACKED SECURITIES: 0.1%
	100,000	(1)	COMM 2014-UBS4 D Mortgage Trust, 4.844%, 08/10/47		86,562		0.1
		Total Commercial Mortgage-Backed Securities
		(Cost $89,371)			86,562		0.1
FOREIGN GOVERNMENT BONDS: –%
	14,904	(4),(5)	Mashantucket Western Pequot Tribe, 6.500% (PIK Rate 5.500%, Cash Rate 1.000%), 07/01/36		–		–
		Total Foreign Government Bonds
		(Cost $1,774)			–		–
BANK LOANS: 4.2%
			Basic Materials: 0.3%
	263,675		Caraustar Industries, Inc. - TL 1L, 6.833%, (US0003M + 5.500%), 03/14/22		264,252		0.3
			Communications: 0.8%
	444,375		McGraw-Hill Global Education Holdings, LLC, 5.235%, (US0003M + 4.000%), 05/04/22		437,200		0.4
	57,210		Univision Communications Inc. Term Loan C5, 3.985%, (US0003M + 2.750%), 03/15/24		56,768		0.0
	269,328		Virgin Media Bristol LLC TL I 1L, 3.984%, (US0003M + 2.750%), 01/31/25		270,654		0.3
	128,378		West Corp. - TL B12 1L, 3.735%, (US0003M + 2.500%), 06/17/23		128,459		0.1
					893,081		0.8
			Consumer, Cyclical: 1.0%
	128,375		American Axle & Manufacturing Holdings, Inc. - Term Loan A, 3.490%, (US0003M + 2.000%), 04/06/24		128,362		0.1
	220,958		Camping World TL B 1L, 4.985%, (US0003M + 3.750%), 11/08/23		222,367		0.2
	99,599		Federal-Mogul Holdings Corporation New Term Loan C, 4.990%, (US0003M + 3.750%), 04/15/21		100,148		0.1
	60,027		Landry's, Inc. - TL 1L, 4.000%, (US0003M + 2.750%), 10/04/23		60,271		0.1
	204,531		Redbox - TL 1L, 8.796%, (US0003M + 7.500%), 09/27/21		205,809		0.2
	368,899		Tower Automotive Holdings Term Loan B1, 4.000%, (US0003M + 2.750%), 03/07/24		370,590		0.3
					1,087,547		1.0
			Consumer, Non-cyclical: 0.5%
	430,000		Del Monte Foods, Inc. 2nd Lien Term Loan, 8.690%, (US0003M + 7.250%), 08/18/21		217,150		0.2
	388,982		Revlon Consumer Products Corp. TL B 1L, 4.735%, (US0003M + 3.500%), 09/07/23		349,750		0.3
					566,900		0.5

	PORTFOLIO OF INVESTMENTS
VY® Pioneer High Yield Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
BANK LOANS: (continued)
			Energy: 0.5%
	325,000		Gavilan Resources LLC - TL 2L, 7.231%, (US0003M + 6.000%), 03/01/24	$	314,438		0.3
	250,380		Jonah Energy, 9.750%, (US0003M + 6.500%), 05/12/21		250,458		0.2
					564,896		0.5
			Financial: 0.3%
	313,188		Confie Seguros Holding II - TL B 1L, 6.735%, (US0003M + 4.750%), 04/19/22		309,978		0.3
			Industrial: 0.5%
	207,386		Builders FirstSource, Inc., 4.333%, (US0003M + 3.000%), 02/29/24		208,142		0.2
	311,074		Zekelman Industries, Inc. Term Loan B, 4.073%, (US0003M + 3.500%), 06/14/21		312,630		0.3
					520,772		0.5
			Insurance: 0.1%
	71,038		Alliant Holdings I, Inc. 2015 Term Loan B, 4.564%, (US0003M + 3.250%), 08/12/22		71,411		0.1
			Technology: 0.2%
	175,782		DynCorp International, Inc. Term Loan B2 1L, 7.750%, (US0003M + 600.000%), 07/07/20		176,625		0.2
	28,539		SkillSoft Corporation 1st Lien Term Loan, 5.985%, (US0003M + 4.750%), 04/28/21		27,014		0.0
					203,639		0.2
		Total Bank Loans
		(Cost $4,697,377)			4,482,476		4.2
U.S. TREASURY OBLIGATIONS: 3.3%
			U.S. Treasury Notes: 3.3%
	3,500,000		1.227%, 07/31/18		3,505,538		3.3
		Total U.S. Treasury Obligations
		(Cost $3,500,324)			3,505,538		3.3
CONVERTIBLE BONDS/NOTES: 8.9%
			Communications: 1.0%
	125,000		Ctrip.com International Ltd., 1.250%, 09/15/22		134,922		0.1
	319,000	(1)	DISH Network Corp., 2.375%, 03/15/24		317,804		0.3
	215,000		Finisar Corp., 0.500%, 12/15/33		224,137		0.2
	50,000		FireEye, Inc., 1.000%, 06/01/35		47,469		0.1
	50,000		FireEye, Inc., 1.625%, 06/01/35		46,625		0.0
	105,000		WebMD Health Corp., 2.625%, 06/15/23		105,053		0.1
	150,000	(1)	Zillow Group, Inc., 2.000%, 12/01/21		163,031		0.2
					1,039,041		1.0
			Consumer, Cyclical: 0.6%
	310,000		KB Home, 1.375%, 02/01/19		326,856		0.3
	58,000	(1)	Marriott Vacations Worldwide Corp., 1.500%, 09/15/22		60,719		0.1
	270,000		CalAtlantic Group, Inc., 0.250%, 06/01/19		259,875		0.2
					647,450		0.6
			Consumer, Non-cyclical: 4.2%
	155,000		Ascent Capital Group, Inc., 4.000%, 07/15/20		124,291		0.1
	185,000		BioMarin Pharmaceutical, Inc., 0.599%, 08/01/24		187,891		0.2
	95,000		BioMarin Pharmaceutical, Inc., 1.500%, 10/15/20		114,178		0.1
	330,000		Cardtronics, Inc., 1.000%, 12/01/20		305,662		0.3
	246,000		Emergent BioSolutions, Inc., 2.875%, 01/15/21		354,701		0.3
	180,000		Endologix, Inc., 2.250%, 12/15/18		173,025		0.2
	205,000		Endologix, Inc., 3.250%, 11/01/20		178,350		0.2
	365,000		Impax Laboratories, Inc., 2.000%, 06/15/22		329,869		0.3
	480,000		Innoviva, Inc., 2.125%, 01/15/23		470,700		0.4
	250,000	(1)	Insulet Corp., 1.250%, 09/15/21		284,062		0.3
	400,000		Jazz Investments I Ltd., 1.875%, 08/15/21		422,750		0.4
	115,000		Macquarie Infrastructure Corp., 2.000%, 10/01/23		111,981		0.1
	205,000		Medicines Co/The, 2.500%, 01/15/22		259,709		0.2
	140,000		Medicines Co/The, 2.750%, 07/15/23		147,875		0.1
	180,000		NuVasive, Inc., 2.250%, 03/15/21		205,538		0.2
	205,000		Quidel Corp., 3.250%, 12/15/20		311,472		0.3
	470,000		Wright Medical Group, Inc., 2.000%, 02/15/20		510,244		0.5
					4,492,298		4.2
			Energy: 0.3%
	130,000		SEACOR Holdings, Inc., 3.000%, 11/15/28		116,756		0.1
	260,000		Whiting Petroleum Corp., 1.250%, 04/01/20		233,025		0.2
					349,781		0.3

	PORTFOLIO OF INVESTMENTS
VY® Pioneer High Yield Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CONVERTIBLE BONDS/NOTES: (continued)
			Industrial: 1.0%
	68,000	(1)	Air Transport Services Group, Inc., 1.125%, 10/15/24	$	70,422		0.1
	410,000		Dycom Industries, Inc., 0.750%, 09/15/21		467,912		0.4
	594,000		General Cable Corp., 4.500%, 11/15/29		529,403		0.5
					1,067,737		1.0
			Technology: 1.8%
	110,000	(6)	Akamai Technologies, Inc., 02/15/19		107,113		0.1
	110,000		Citrix Systems, Inc., 0.500%, 04/15/19		127,875		0.1
	145,000		KeyW Holding Corp./The, 2.500%, 07/15/19		136,753		0.1
	90,000	(1)	Lumentum Holdings, Inc., 0.250%, 03/15/24		103,556		0.1
	175,000	(1)	Microchip Technology, Inc., 1.625%, 02/15/27		213,391		0.2
	90,000	(1)	Nice Systems, Inc., 1.250%, 01/15/24		101,925		0.1
	120,000		Nuance Communications, Inc., 1.000%, 12/15/35		112,950		0.1
	190,000		ON Semiconductor Corp., 1.000%, 12/01/20		227,644		0.2
	250,000	(1)	ON Semiconductor Corp., 1.625%, 10/15/23		291,563		0.3
	90,000	(1)	Silicon Laboratories, Inc., 1.375%, 03/01/22		100,181		0.1
	110,000	(1)	Synaptics, Inc., 0.500%, 06/15/22		100,031		0.1
	205,000		Synchronoss Technologies, Inc., 0.750%, 08/15/19		175,531		0.2
	46,000	(1)	Teradyne, Inc., 1.250%, 12/15/23		61,439		0.1
					1,859,952		1.8
		Total Convertible Bonds/Notes
		(Cost $8,965,672)			9,456,259		8.9

Shares				Value		Percentage of Net Assets
COMMON STOCK: 3.5%
			Consumer Discretionary: 0.7%
	46,408		Ford Motor Co.		555,504		0.5
	1,476	(1),(4),(7)	Perseus Holding Corp.		–		–
	4,139		Starbucks Corp.		222,305		0.2
					777,809		0.7
			Consumer Staples: 0.1%
	3,878	(7)	Revlon, Inc. - Class A		95,205		0.1
			Energy: 0.0%
	424,441	(4),(7)	Ascent Resources - Utica LLC		5,093		0.0
	91	(7)	Midstates Petroleum Co., Inc.		1,414		0.0
	30	(7)	SilverBow Resources, Inc.		737		0.0
	20	(4),(7)	TPT Acquisition, Inc.		–		–
					7,244		0.0
			Financials: 0.3%
	2,083		Capital One Financial Corp.		176,347		0.2
	1,453		JPMorgan Chase & Co.		138,776		0.1
					315,123		0.3
			Health Care: 1.0%
	2,690		Aetna, Inc.		427,737		0.4
	3,183	(7)	Alere, Inc.		162,301		0.2
	15,129	(7)	BioScrip, Inc.		41,605		0.0
	1,411		Cigna Corp.		263,772		0.3
	3,059	(7)	Mylan NV		95,961		0.1
	164		Thermo Fisher Scientific, Inc.		31,029		0.0
					1,022,405		1.0
			Industrials: 0.2%
	123	(4),(7)	Ceva Holdings LLC		55,507		0.1
	5,836	(4),(7)	Liberty Tire Recycling		–		–
	2,062	(7)	United Continental Holdings, Inc.		125,535		0.1
					181,042		0.2
			Information Technology: 0.2%
	7,059	(7)	NCR Corp.		264,854		0.2
			Materials: 0.2%
	2,654		LyondellBasell Industries NV - Class A		262,879		0.2
			Real Estate: 0.8%
	28,954		Forest City Realty Trust, Inc.		738,616		0.7
	5,760	(7)	Uniti Group, Inc.		84,442		0.1
					823,058		0.8
		Total Common Stock
		(Cost $2,990,163)			3,749,619		3.5
PREFERRED STOCK: 2.0%
			Consumer Discretionary: –%
	775	(1),(4),(7)	Perseus Holding Corp.		–		–
			Financials: 1.4%
	470	(7)	Bank of America Corp.		611,691		0.6
	3,542	(7),(8)	GMAC Capital Trust I		93,509		0.1
	602	(7)	Wells Fargo & Co.		791,630		0.7
					1,496,830		1.4
			Health Care: 0.5%
	811	(7)	Alere, Inc.		325,211		0.3
	225		Allergan PLC		166,010		0.2
	44	(4),(7)	BioScrip, Inc.		3,962		0.0
					495,183		0.5

	PORTFOLIO OF INVESTMENTS
VY® Pioneer High Yield Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
PREFERRED STOCK: (continued)
			Industrials: 0.1%
	267	(4),(7)	Ceva Holdings Series A-2	$	120,163		0.1
		Total Preferred Stock
		(Cost $2,225,885)			2,112,176		2.0
WARRANTS: –%
			Energy: –%
	644	(4),(7)	Midstates Petroleum Co., Inc.		–		–
			Health Care: –%
	126	(4),(7)	BioScrip, Inc. - Class A		–		–
	126	(4),(7)	BioScrip, Inc. - Class B		–		–
					–		–
		Total Warrants
		(Cost $–)			–		–
		Total Long-Term Investments
		(Cost $97,214,341)			100,409,913		94.3

Principal Amount†				Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 4.7%
			Corporate Bonds/Notes: 0.7%
	185,000	(1)	International Automotive Components Group SA, 9.125%, 06/01/18		185,462		0.2
	250,000	(1)	Kilimanjaro Re Ltd. (Cat Bond), 5.541%, 04/30/18		230,175		0.2
	100,000		Nationstar Mortgage LLC / Nationstar Capital Corp., 6.500%, 08/01/18		100,375		0.1
	268,000		Shutterfly, Inc., 0.250%, 05/15/18		266,660		0.2
					782,672		0.7
			U.S. Treasury Bills: 3.5%
	300,000		United States Treasury Bill, 0.440%, 10/05/17		299,982		0.3
	1,170,000		United States Treasury Bill, 0.780%, 10/12/17		1,169,702		1.1
	1,515,000		United States Treasury Bill, 0.830%, 10/19/17		1,514,349		1.4
	675,000		United States Treasury Bill, 0.880%, 10/26/17		674,581		0.7
					3,658,614		3.5

Shares				Value		Percentage of Net Assets
			Mutual Funds: 0.5%
	548,841	(9)	BlackRock Liquidity Funds, FedFund, Institutional Class, 0.930%
			(Cost $548,841)		548,841		0.5
		Total Short-Term Investments
		(Cost $5,014,536)			4,990,127		4.7
		Total Investments in Securities (Cost $102,228,877)		$	105,400,040		99.0
		Assets in Excess of Other Liabilities			1,104,589		1.0
		Net Assets		$	106,504,629		100.0

†	Unless otherwise indicated, principal amount is shown in USD.
(1)	Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers.
(2)	Defaulted security
(3)	Settlement is on a when-issued or delayed-delivery basis.
(4)	For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs.
(5)	All or a portion of this security is payment-in-kind ("PIK") which may pay interest or additional principal at the issuer's discretion. Rates shown are the current rate and possible payment rates.
(6)	Represents a zero coupon bond. Rate shown reflects the effective yield as of September 30, 2017.
(7)	Non-income producing security.
(8)	Preferred Stock may be called prior to convertible date.
(9)	Rate shown is the 7-day yield as of September 30, 2017.

EUR EU Euro

Reference Rate Abbreviations:
US0003M	3-month LIBOR
USBMMY3M	U.S. Treasury 3-month Bill Money Market Yield

	PORTFOLIO OF INVESTMENTS
VY® Pioneer High Yield Portfolio	as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Common Stock
Consumer Discretionary	$	777,809		$	–		$	–	$	777,809
Consumer Staples		95,205			–			–		95,205
Energy		2,151			–			5,093		7,244
Financials		315,123			–			–		315,123
Health Care		1,022,405			–			–		1,022,405
Industrials		125,535			–			55,507		181,042
Information Technology		264,854			–			–		264,854
Materials		262,879			–			–		262,879
Real Estate		823,058			–			–		823,058
Total Common Stock		3,689,019			–			60,600		3,749,619
Preferred Stock		1,282,851			705,200			124,125		2,112,176
Warrants		–			–			–		–
Corporate Bonds/Notes		–			77,017,283			–		77,017,283
U.S. Treasury Obligations		–			3,505,538			–		3,505,538
Bank Loans		–			4,482,476			–		4,482,476
Foreign Government Bonds		–			–			–		–
Convertible Bonds/Notes		–			9,456,259			–		9,456,259
Commercial Mortgage-Backed Securities		–			86,562			–		86,562
Short-Term Investments		1,718,543			3,271,584			–		4,990,127
Total Investments, at fair value	$	6,690,413		$	98,524,902		$	184,725	$	105,400,040
Other Financial Instruments+
Centrally Cleared Swaps		–			79,118			–		79,118
Total Assets	$	6,690,413		$	98,604,020		$	184,725	$	105,479,158
Liabilities Table
Other Financial Instruments+
Centrally Cleared Swaps	$	–		$	(4,172	)	$	–	$	(4,172	)
Futures		(52,484	)		–			–		(52,484	)
Total Liabilities	$	(52,484	)	$	(4,172	)	$	–	$	(56,656	)

+ Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) on the instrument.  OTC swaps and written options are valued at the fair value of the instrument.

At September 30, 2017, the following futures contracts were outstanding for VY® Pioneer High Yield Portfolio:

Contract Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
Short Contracts
S&P 500 E-Mini	(19)	12/15/17	$	(2,390,295	)	$	(52,484	)
			$	(2,390,295	)	$	(52,484	)

At September 30, 2017, the following centrally cleared credit default swaps were outstanding for VY® Pioneer High Yield Portfolio:

Centrally Cleared Credit Default Swaps on Credit Indices - Sell Protection⁽¹⁾

Reference Entity/Obligation	Buy/Sell Protection	(Pay)/ Receive Fixed Rate (%)	Termination Date	Notional Amount(2)		Fair Value(3)		Unrealized Appreciation/ (Depreciation)
CDX North American High Yield Index Series 23, Version 1	Sell	5.000	12/20/19	USD	1,090,320	$	65,610	$	(4,172	)
CDX North American High Yield Index Series 25, Version 1	Sell	5.000	12/20/20	USD	2,023,700		133,814		79,118
						$	199,424	$	74,946

	PORTFOLIO OF INVESTMENTS
VY® Pioneer High Yield Portfolio	as of September 30, 2017 (Unaudited) (Continued)

(1)	If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will generally either i) Pay to the buyer an amount equal to the notional amount of the swap and take delivery of the referenced obligation, other deliverable obligations, or underlying securities comprising a referenced index or ii) Pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising a referenced index.
(2)	The maximum amount of future payments (undiscounted) that a Portfolio as seller of protection could be required to make or receive as a buyer of credit protection under a credit default swap agreement would be an amount equal to the notional amount of the agreement.
(3)	The fair values for credit default swap agreements serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. Increasing fair values, in absolute terms, when compared to the notional amount of the agreement, represent a deterioration of the referenced obligation’s credit soundness and a greater likelihood or risk of default or other credit event occurring.

Currency Abbreviations
USD	-	United States Dollar

A summary of derivative instruments by primary risk exposure is outlined in the following tables.

The fair value of derivative instruments as of September 30, 2017 was as follows:

Derivatives not accounted for as hedging instruments		Fair Value
Asset Derivatives	Instrument Type
Credit contracts	Credit default swaps	$	79,118
Total Asset Derivatives		$	79,118
Liability Derivatives	Instrument Type
Credit contracts	Credit default swaps	$	4,172
Equity contracts	Futures contracts		52,484
Total Liability Derivatives		$	56,656

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $102,913,559.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	5,642,669
Gross Unrealized Depreciation		(3,009,249	)
Net Unrealized Appreciation	$	2,633,420

VY® T. Rowe Price Diversified Mid Cap Growth Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 98.6%
			Consumer Discretionary: 15.9%
	32,194	(1)	Altice USA, Inc.	$	879,218		0.1
	60,700		Aramark		2,465,027		0.3
	9,500	(1)	Autozone, Inc.		5,653,545		0.6
	51,600		BorgWarner, Inc.		2,643,468		0.3
	51,300	(1)	Burlington Stores, Inc.		4,897,098		0.5
	64,500	(1)	Carmax, Inc.		4,889,745		0.5
	15,400		Carter's, Inc.		1,520,750		0.2
	3,700	(1)	Chipotle Mexican Grill, Inc.		1,138,971		0.1
	40,100		Choice Hotels International, Inc.		2,562,390		0.3
	104,900		Coach, Inc.		4,225,372		0.4
	57,000	(1)	Ctrip.com International Ltd. ADR		3,006,180		0.3
	34,900		Delphi Automotive PLC		3,434,160		0.4
	101,400		Dollar General Corp.		8,218,470		0.8
	64,100	(1)	Dollar Tree, Inc.		5,565,162		0.6
	44,900		Dunkin' Brands Group, Inc.		2,383,292		0.2
	98,900		Extended Stay America, Inc.		1,978,000		0.2
	22,300		Ferrari NV		2,463,704		0.3
	36,100	(1)	Five Below, Inc.		1,981,168		0.2
	42,300	(2)	Hanesbrands, Inc.		1,042,272		0.1
	61,233		Hilton Worldwide Holdings, Inc.		4,252,632		0.4
	103,100		Interpublic Group of Cos., Inc.		2,143,449		0.2
	47,900	(2)	L Brands, Inc.		1,993,119		0.2
	19,600	(1)	Lululemon Athletica, Inc.		1,220,100		0.1
	16,012		Marriott International, Inc.		1,765,483		0.2
	123,300		MGM Resorts International		4,018,347		0.4
	63,400	(1)	Michaels Cos, Inc.		1,361,198		0.1
	18,300	(1)	Mohawk Industries, Inc.		4,529,433		0.5
	85,300		Newell Brands, Inc.		3,639,751		0.4
	33,100	(1)	Norwegian Cruise Line Holdings Ltd.		1,789,055		0.2
	1,200	(1)	NVR, Inc.		3,426,000		0.3
	41,100		Omnicom Group		3,044,277		0.3
	27,600	(1)	O'Reilly Automotive, Inc.		5,944,212		0.6
	25,900		Papa John's International, Inc.		1,892,513		0.2
	9,800	(2)	Polaris Industries, Inc.		1,025,374		0.1
	57,600		Pulte Group, Inc.		1,574,208		0.2
	19,300		PVH Corp.		2,432,958		0.2
	30,800		Restaurant Brands International, Inc.		1,967,504		0.2
	136,200		Ross Stores, Inc.		8,794,434		0.9
	23,600		Royal Caribbean Cruises Ltd.		2,797,544		0.3
	130,500		Service Corp. International		4,502,250		0.5
	20,500	(2)	Signet Jewelers Ltd.		1,364,275		0.1
	26,300	(1)	Sotheby's		1,212,693		0.1
	18,400	(1),(2)	Tempur Sealy International, Inc.		1,187,168		0.1
	35,700		Tiffany & Co.		3,276,546		0.3
	60,400		Toll Brothers, Inc.		2,504,788		0.3
	42,800		Tractor Supply Co.		2,708,812		0.3
	17,300	(1)	Ulta Beauty, Inc.		3,910,838		0.4
	17,420	(1)	Wayfair, Inc.		1,174,108		0.1
	12,700		Whirlpool Corp.		2,342,388		0.2
	29,100	(2)	Williams-Sonoma, Inc.		1,450,926		0.1
	56,500		Wolverine World Wide, Inc.		1,630,025		0.2
	13,900		Wynn Resorts Ltd.		2,069,988		0.2
	53,500	(1)	Yum China Holdings, Inc.		2,138,395		0.2
	47,500		Yum! Brands, Inc.		3,496,475		0.4
					155,529,258		15.9
			Consumer Staples: 5.6%
	84,200	(1)	Blue Buffalo Pet Products, Inc.		2,387,070		0.2
	79,300		Brown-Forman Corp. - Class B		4,305,990		0.4
	19,600		Casey's General Stores, Inc.		2,145,220		0.2
	84,600		Church & Dwight Co., Inc.		4,098,870		0.4
	15,900		Clorox Co.		2,097,369		0.2
	70,800		Conagra Brands, Inc.		2,388,792		0.2
	53,500		Dr Pepper Snapple Group, Inc.		4,733,145		0.5
	35,900		Energizer Holdings, Inc.		1,653,195		0.2
	51,500		Flowers Foods, Inc.		968,715		0.1
	45,400	(1)	Hain Celestial Group, Inc.		1,868,210		0.2
	51,400		Hershey Co.		5,611,338		0.6
	88,900		Hormel Foods Corp.		2,857,246		0.3
	7,400		JM Smucker Co.		776,482		0.1
	52,800		McCormick & Co., Inc.		5,419,392		0.6
	17,100	(1)	Monster Beverage Corp.		944,775		0.1
	44,600		Pinnacle Foods, Inc.		2,549,782		0.3
	10,700		Pricesmart, Inc.		954,975		0.1
	75,900		Snyders-Lance, Inc.		2,894,826		0.3
	75,600	(1)	Sprouts Farmers Market, Inc.		1,419,012		0.1
	64,300		Tyson Foods, Inc.		4,529,935		0.5
					54,604,339		5.6
			Energy: 1.5%
	19,600		Andeavor		2,021,740		0.2
	35,900		Cabot Oil & Gas Corp.		960,325		0.1
	14,800	(1)	Centennial Resource Development, Inc.		260,637		0.0
	39,637	(1)	Centennial Resource Development, Inc.		712,277		0.1
	56,000	(1),(2)	Centennial Resource Development, Inc./DE		1,006,320		0.1
	10,500		Cimarex Energy Co.		1,193,535		0.1
	13,200	(1)	Concho Resources, Inc./Midland TX		1,738,704		0.2
	20,200	(1)	Diamondback Energy, Inc.		1,978,792		0.2
	14,200		EQT Corp.		926,408		0.1
	89,100	(1),(2)	Jagged Peak Energy, Inc.		1,217,106		0.1
	36,000		Oceaneering International, Inc.		945,720		0.1

VY® T. Rowe Price Diversified Mid Cap Growth Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Energy: (continued)
	23,800	(1)	Parsley Energy, Inc.	$	626,892		0.1
	5,400		Pioneer Natural Resources Co.		796,716		0.1
					14,385,172		1.5
			Financials: 7.7%
	58,800		BankUnited, Inc.		2,091,516		0.2
	67,533		CBOE Holdings, Inc.		7,268,577		0.7
	85,800		Citizens Financial Group, Inc.		3,249,246		0.3
	29,800		Discover Financial Services		1,921,504		0.2
	66,700	(1)	E*Trade Financial Corp.		2,908,787		0.3
	9,800		Factset Research Systems, Inc.		1,765,078		0.2
	105,600		Fifth Third Bancorp		2,954,688		0.3
	28,900		Financial Engines, Inc.		1,004,275		0.1
	46,500		First Republic Bank		4,857,390		0.5
	107,200		FNF Group		5,087,712		0.5
	36,100		Invesco Ltd.		1,264,944		0.1
	84,700		Lazard Ltd.		3,830,134		0.4
	5,200		MarketAxess Holdings, Inc.		959,452		0.1
	40,700		Moody's Corp.		5,665,847		0.6
	30,700		MSCI, Inc. - Class A		3,588,830		0.4
	17,600		Northern Trust Corp.		1,617,968		0.2
	96,100		Progressive Corp.		4,653,162		0.5
	15,600	(1)	Signature Bank		1,997,424		0.2
	33,400		State Street Corp.		3,191,036		0.3
	19,300	(1)	SVB Financial Group		3,610,837		0.4
	95,800		TD Ameritrade Holding Corp.		4,675,040		0.5
	69,530		Webster Financial Corp.		3,653,801		0.4
	20,800		Willis Towers Watson PLC		3,207,984		0.3
					75,025,232		7.7
			Health Care: 15.4%
	79,399	(1),(2)	Acadia Healthcare Co., Inc.		3,792,096		0.4
	47,100	(1),(2)	Acadia Pharmaceuticals, Inc.		1,774,257		0.2
	61,900		Agilent Technologies, Inc.		3,973,980		0.4
	18,700	(1)	Agios Pharmaceuticals, Inc.		1,248,225		0.1
	13,200	(1)	Alexion Pharmaceuticals, Inc.		1,851,828		0.2
	16,200	(1)	Align Technology, Inc.		3,017,574		0.3
	68,500	(1)	Alkermes PLC		3,482,540		0.3
	39,800	(1)	Alnylam Pharmaceuticals, Inc.		4,676,102		0.5
	27,300		AmerisourceBergen Corp.		2,259,075		0.2
	6,100	(1)	Athenahealth, Inc.		758,596		0.1
	53,200	(1)	BioMarin Pharmaceutical, Inc.		4,951,324		0.5
	32,400	(1)	Bioverativ, Inc.		1,849,068		0.2
	11,900	(1)	Bluebird Bio, Inc.		1,634,465		0.2
	57,700		Bruker Corp.		1,716,575		0.2
	51,584	(1)	Catalent, Inc.		2,059,233		0.2
	54,000	(1)	Centene Corp.		5,225,580		0.5
	50,412	(1)	Cerner Corp.		3,595,384		0.4
	28,600		Cooper Cos., Inc.		6,781,346		0.7
	32,900	(1)	DaVita, Inc.		1,953,931		0.2
	40,850		Dentsply Sirona, Inc.		2,443,239		0.2
	25,217	(1)	Envision Healthcare Corp.		1,133,504		0.1
	69,700	(1)	Exelixis, Inc.		1,688,831		0.2
	49,000	(1)	Henry Schein, Inc.		4,017,510		0.4
	157,500	(1)	Hologic, Inc.		5,778,675		0.6
	35,300	(1)	Idexx Laboratories, Inc.		5,488,797		0.6
	30,700	(1)	Illumina, Inc.		6,115,440		0.6
	65,700	(1)	Incyte Corp., Ltd.		7,669,818		0.8
	6,200	(1)	Intuitive Surgical, Inc.		6,484,456		0.7
	110,800	(1)	Ironwood Pharmaceuticals, Inc.		1,747,316		0.2
	13,000	(1)	Jazz Pharmaceuticals PLC		1,901,250		0.2
	20,100	(1)	Mallinckrodt PLC - W/I		751,137		0.1
	22,600	(1)	Medidata Solutions, Inc.		1,764,156		0.2
	8,600	(1)	Mettler Toledo International, Inc.		5,384,976		0.5
	28,600	(1),(2)	Molina Healthcare, Inc.		1,966,536		0.2
	54,279	(1)	Neurocrine Biosciences, Inc.		3,326,217		0.3
	29,600	(1)	Quintiles IMS Holdings, Inc.		2,814,072		0.3
	29,400	(1)	Seattle Genetics, Inc.		1,599,654		0.2
	23,800		STERIS PLC		2,103,920		0.2
	19,800		Teleflex, Inc.		4,791,006		0.5
	23,570	(1),(2)	Tesaro, Inc.		3,042,887		0.3
	11,100	(1)	Ultragenyx Pharmaceutical, Inc.		591,186		0.1
	9,900	(1)	United Therapeutics Corp.		1,160,181		0.1
	21,400		Universal Health Services, Inc.		2,374,116		0.2
	50,200	(1)	Veeva Systems, Inc.		2,831,782		0.3
	18,200	(1)	Vertex Pharmaceuticals, Inc.		2,767,128		0.3
	17,500	(1)	WellCare Health Plans, Inc.		3,005,450		0.3
	21,300		West Pharmaceutical Services, Inc.		2,050,338		0.2
	114,650		Zoetis, Inc.		7,310,084		0.7
					150,704,841		15.4
			Industrials: 17.5%
	17,100		Acuity Brands, Inc.		2,928,888		0.3
	48,200		Alaska Air Group, Inc.		3,676,214		0.4
	62,800		Allegion Public Ltd.		5,430,316		0.6
	87,000		American Airlines Group, Inc.		4,131,630		0.4
	33,962		Ametek, Inc.		2,242,851		0.2
	32,400	(1),(2)	Avis Budget Group, Inc.		1,233,144		0.1
	39,700		BWX Technologies, Inc.		2,223,994		0.2
	30,100	(2)	CH Robinson Worldwide, Inc.		2,290,610		0.2
	19,400		Cintas Corp.		2,799,032		0.3
	46,300	(1)	Colfax Corp.		1,927,932		0.2
	13,800		Copa Holdings S.A.		1,718,514		0.2
	89,000	(1)	Copart, Inc.		3,058,930		0.3
	47,800		Donaldson Co., Inc.		2,195,932		0.2

VY® T. Rowe Price Diversified Mid Cap Growth Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Industrials: (continued)
	50,087		Equifax, Inc.	$	5,308,721		0.5
	30,200		Expeditors International Washington, Inc.		1,807,772		0.2
	24,800		Fastenal Co.		1,130,384		0.1
	38,900		Flowserve Corp.		1,656,751		0.2
	63,400		Fortive Corp.		4,488,086		0.5
	84,875		Fortune Brands Home & Security, Inc.		5,706,146		0.6
	49,600	(1)	Generac Holdings, Inc.		2,278,128		0.2
	26,400	(1)	Genesee & Wyoming, Inc.		1,953,864		0.2
	26,500		Graco, Inc.		3,277,785		0.3
	78,100	(1)	HD Supply Holdings, Inc.		2,817,067		0.3
	23,100		Hubbell, Inc.		2,680,062		0.3
	14,000		Huntington Ingalls Industries, Inc.		3,170,160		0.3
	28,100		IDEX Corp.		3,413,307		0.4
	93,453	(1)	IHS Markit Ltd.		4,119,408		0.4
	30,300		JB Hunt Transport Services, Inc.		3,365,724		0.3
	20,700		Kansas City Southern		2,249,676		0.2
	99,600		KAR Auction Services, Inc.		4,754,904		0.5
	17,700	(1)	Kirby Corp.		1,167,315		0.1
	14,600		Landstar System, Inc.		1,454,890		0.2
	20,900		Manpowergroup, Inc.		2,462,438		0.3
	25,100	(1)	Middleby Corp.		3,217,067		0.3
	89,400		Nielsen Holdings PLC		3,705,630		0.4
	14,400		Nordson Corp.		1,706,400		0.2
	29,000		Old Dominion Freight Line		3,193,190		0.3
	28,300		Paccar, Inc.		2,047,222		0.2
	61,300		Ritchie Bros Auctioneers, Inc.		1,938,306		0.2
	37,100		Robert Half International, Inc.		1,867,614		0.2
	78,910		Rollins, Inc.		3,640,908		0.4
	16,600		Roper Technologies, Inc.		4,040,440		0.4
	75,324		Schneider National, Inc.		1,905,697		0.2
	81,900	(1),(2)	Sensata Technologies Holdings N.V.		3,936,933		0.4
	21,600		Snap-On, Inc.		3,218,616		0.3
	28,200	(1)	Stericycle, Inc.		2,019,684		0.2
	56,800		Textron, Inc.		3,060,384		0.3
	40,700		Toro Co.		2,525,842		0.3
	17,200		TransDigm Group, Inc.		4,397,180		0.5
	99,700	(1)	TransUnion		4,711,822		0.5
	51,241	(1)	United Continental Holdings, Inc.		3,119,552		0.3
	12,100		Valmont Industries, Inc.		1,913,010		0.2
	70,100	(1)	Verisk Analytics, Inc.		5,831,619		0.6
	14,400	(1)	WABCO Holdings, Inc.		2,131,200		0.2
	37,100	(2)	Wabtec Corp.		2,810,325		0.3
	64,050		Waste Connections, Inc.		4,480,938		0.5
	12,700		Watsco, Inc.		2,045,589		0.2
	33,100		Xylem, Inc.		2,073,053		0.2
					170,658,796		17.5
			Information Technology: 26.2%
	17,300		Alliance Data Systems Corp.	$	3,832,815		0.4
	91,700		Amphenol Corp.		7,761,488		0.8
	11,100	(1)	ANSYS, Inc.		1,362,303		0.1
	151,179	(1)	Atlassian Corp. PLC		5,313,942		0.5
	48,000	(1)	Autodesk, Inc.		5,388,480		0.6
	96,800	(1),(2)	Black Knight Financial Services, Inc.		4,167,240		0.4
	73,700		Booz Allen Hamilton Holding Corp.		2,755,643		0.3
	77,900	(1)	Cadence Design Systems, Inc.		3,074,713		0.3
	66,900		CDK Global, Inc.		4,220,721		0.4
	20,000		Cognex Corp.		2,205,600		0.2
	12,420	(1)	Coherent, Inc.		2,920,811		0.3
	79,700	(1)	CoreLogic, Inc.		3,683,734		0.4
	21,800	(1)	CoStar Group, Inc.		5,847,850		0.6
	98,000		CSRA, Inc.		3,162,460		0.3
	44,255	(1),(3)	Dropbox, Inc. - Class A		415,997		0.0
	19,495	(1),(3)	Dropbox, Inc. - Class B		183,253		0.0
	40,700	(1)	Electronic Arts, Inc.		4,805,042		0.5
	18,600	(1)	Ellie Mae, Inc.		1,527,618		0.2
	65,100	(1)	Entegris, Inc.		1,878,135		0.2
	20,600	(1)	EPAM Systems, Inc.		1,811,358		0.2
	10,900	(1)	F5 Networks, Inc.		1,314,104		0.1
	83,300		Fidelity National Information Services, Inc.		7,779,387		0.8
	73,500	(1)	Fiserv, Inc.		9,478,560		1.0
	31,300	(1)	FleetCor Technologies, Inc.		4,844,301		0.5
	48,000	(1)	Fortinet, Inc.		1,720,320		0.2
	34,300	(1)	Gartner, Inc.		4,267,263		0.4
	65,500		Genpact Ltd.		1,883,125		0.2
	60,300		Global Payments, Inc.		5,730,309		0.6
	58,700	(1)	Guidewire Software, Inc.		4,570,382		0.5
	62,100		Harris Corp.		8,177,328		0.8
	24,500	(1)	IAC/InterActiveCorp		2,880,710		0.3
	46,100	(1)	Integrated Device Technology, Inc.		1,225,338		0.1
	22,200		Intuit, Inc.		3,155,508		0.3
	15,100	(1)	IPG Photonics Corp.		2,794,406		0.3
	75,350	(1)	Keysight Technologies, Inc.		3,139,081		0.3
	55,500		KLA-Tencor Corp.		5,883,000		0.6
	60,300		Leidos Holdings, Inc.		3,570,966		0.4
	161,848		Marvell Technology Group Ltd.		2,897,079		0.3
	120,000	(1),(2)	Match Group, Inc.		2,782,800		0.3
	9,400		Mercadolibre, Inc.		2,433,942		0.3
	89,500		Microchip Technology, Inc.		8,035,310		0.8
	95,100	(1)	Microsemi Corp.		4,895,748		0.5
	22,100		Motorola Solutions, Inc.		1,875,627		0.2
	23,700	(1)	Palo Alto Networks, Inc.		3,415,170		0.4
	37,500		Paychex, Inc.		2,248,500		0.2
	30,700	(1)	Proofpoint, Inc.		2,677,654		0.3
	69,500	(1)	Red Hat, Inc.		7,704,770		0.8
	160,600		Sabre Corp.		2,906,860		0.3
	64,400	(1)	ServiceNow, Inc.		7,568,932		0.8
	11,100	(1)	Shopify, Inc.		1,293,039		0.1
	48,500		Skyworks Solutions, Inc.		4,942,150		0.5

VY® T. Rowe Price Diversified Mid Cap Growth Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Information Technology: (continued)
	53,800	(1)	Splunk, Inc.	$	3,573,934		0.4
	97,900		SS&C Technologies Holdings, Inc.		3,930,685		0.4
	170,400		Symantec Corp.		5,590,824		0.6
	48,100	(1)	Synopsys, Inc.		3,873,493		0.4
	58,619	(1)	Tableau Software, Inc.		4,389,977		0.5
	53,700	(1)	Trimble, Inc.		2,107,725		0.2
	18,800	(1)	Tyler Technologies, Inc.		3,277,216		0.3
	20,800	(1),(2)	Ultimate Software Group, Inc.		3,943,680		0.4
	125,400	(1)	Vantiv, Inc.		8,836,938		0.9
	59,000	(1),(2)	VeriSign, Inc.		6,277,010		0.6
	20,999	(1)	WEX, Inc.		2,356,508		0.2
	44,747	(1)	Workday, Inc.		4,715,886		0.5
	71,900		Xilinx, Inc.		5,092,677		0.5
	32,400	(1)	Zendesk, Inc.		943,164		0.1
	54,200	(1)	Zillow Group, Inc. - Class A		2,176,130		0.2
	236,500	(1)	Zynga, Inc.		893,970		0.1
					256,390,689		26.2
			Materials: 5.3%
	21,700		Air Products & Chemicals, Inc.		3,281,474		0.3
	31,300		Ashland Global Holdings, Inc.		2,046,707		0.2
	174,800		Ball Corp.		7,219,240		0.7
	21,500		Carpenter Technology Corp.		1,032,645		0.1
	29,300		Celanese Corp.		3,055,111		0.3
	60,200		CF Industries Holdings, Inc.		2,116,632		0.2
	12,200	(2)	Compass Minerals International, Inc.		791,780		0.1
	28,700		Eagle Materials, Inc.		3,062,290		0.3
	4,000		NewMarket Corp.		1,703,000		0.2
	33,400		PolyOne Corp.		1,337,002		0.1
	22,600		PPG Industries, Inc.		2,455,716		0.3
	81,100		RPM International, Inc.		4,163,674		0.4
	87,700		Sealed Air Corp.		3,746,544		0.4
	8,000		Sherwin-Williams Co.		2,864,320		0.3
	159,229		Valvoline, Inc.		3,733,920		0.4
	64,900		Vulcan Materials Co.		7,762,040		0.8
	76,600		Wheaton Precious Metals Corp.		1,462,294		0.2
					51,834,389		5.3
			Real Estate: 3.0%
	36,200		American Campus Communities, Inc.		1,598,230		0.2
	55,900		CubeSmart		1,451,164		0.1
	8,115		Equinix, Inc.		3,621,725		0.4
	10,300		Federal Realty Investment Trust		1,279,363		0.1
	67,800		Iron Mountain, Inc.		2,637,420		0.3
	21,900		Jones Lang LaSalle, Inc.		2,704,650		0.3
	86,900	(2)	MGM Growth Properties LLC		2,625,249		0.3
	56,850	(1)	SBA Communications Corp.		8,189,243		0.8
	20,200		SL Green Realty Corp.		2,046,664		0.2
	220,615		VEREIT, Inc.		1,828,898		0.2
	26,699	(1),(3)	WeWork Companies, Inc., - Class A		1,383,275		0.1
					29,365,881		3.0
			Utilities: 0.5%
	32,500		Atmos Energy Corp.		2,724,800		0.3
	79,600		NiSource, Inc.		2,036,964		0.2
					4,761,764		0.5
		Total Common Stock
		(Cost $686,353,479)			963,260,361		98.6
PREFERRED STOCK: 1.4%
			Consumer Discretionary: 0.1%
	8,859	(1),(3)	Flipkart Online Services Pvt. Ltd., - Series G		1,060,954		0.1
			Information Technology: 0.7%
	32,391	(1),(3)	AirBNB, Inc. - Series D		3,634,270		0.4
	3,719	(1),(3)	AirBNB, Inc. - Series E		417,272		0.0
	24,209	(1),(3)	Dropbox, Inc. - Series A		227,565		0.0
	118,921	(1),(3)	Dropbox, Inc. - Series A-1		1,117,857		0.1
	353,970	(1),(3)	Tanium, Inc.- Series G		1,757,213		0.2
					7,154,177		0.7
			Real Estate: 0.6%
	44,396	(1),(3)	WeWork Companies, Inc. - Series D-1		2,300,157		0.3
	34,882	(1),(3)	WeWork Companies, Inc. - Series D-2		1,807,237		0.2
	24,709	(1),(3)	WeWork Companies, Inc. - Series E		1,280,173		0.1
					5,387,567		0.6
		Total Preferred Stock
		(Cost $7,911,058)			13,602,698		1.4
		Total Long-Term Investments
		(Cost $694,264,537)			976,863,059		100.0

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 4.1%
		Securities Lending Collateral(4): 4.1%
	9,560,266	Citigroup, Inc., Repurchase Agreement dated 09/29/17, 1.08%, due 10/02/17 (Repurchase Amount $9,561,115, collateralized by various U.S. Government Agency Obligations, 1.898%-9.000%, Market Value plus accrued interest $9,751,472, due 12/01/17-06/01/51)		9,560,266		1.0

VY® T. Rowe Price Diversified Mid Cap Growth Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: (continued)
		Securities Lending Collateral(4) (continued)
	9,560,266	Daiwa Capital Markets, Repurchase Agreement dated 09/29/17, 1.07%, due 10/02/17 (Repurchase Amount $9,561,107, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.500%, Market Value plus accrued interest $9,751,471, due 10/12/17-12/01/51)	$	9,560,266		1.0
	9,560,266	Nomura Securities, Repurchase Agreement dated 09/29/17, 1.08%, due 10/02/17 (Repurchase Amount $9,561,115, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-9.000%, Market Value plus accrued interest $9,751,472, due 11/15/17-08/20/67)		9,560,266		1.0
	4,130,320	Royal Bank of Scotland PLC, Repurchase Agreement dated 09/29/17, 1.05%, due 10/02/17 (Repurchase Amount $4,130,676, collateralized by various U.S. Government Securities, 0.488%-3.500%, Market Value plus accrued interest $4,212,939, due 10/31/17-11/15/42)		4,130,320		0.4
	7,441,248	State of Wisconsin Investment Board, Repurchase Agreement dated 09/29/17, 1.20%, due 10/02/17 (Repurchase Amount $7,441,982, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $7,603,709, due 01/15/19-02/15/46)		7,441,248		0.7
				40,252,366		4.1

Shares				Value			Percentage of Net Assets
			Mutual Funds: 0.0%
	250,174	(5)	T. Rowe Price Reserve Investment Fund, 1.070%
			(Cost $250,174)	$	250,174			0.0
		Total Short-Term Investments
		(Cost $40,502,540)			40,502,540			4.1
		Total Investments in Securities (Cost $734,767,077)		$	1,017,365,599			104.1
		Liabilities in Excess of Other Assets			(40,482,769	)		(4.1	)
		Net Assets		$	976,882,830			100.0

†	Unless otherwise indicated, principal amount is shown in USD.
ADR	American Depositary Receipt
(1)	Non-income producing security.
(2)	Security, or a portion of the security, is on loan.
(3)	For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs.
(4)	Represents securities purchased with cash collateral received for securities on loan.
(5)	Rate shown is the 7-day yield as of September 30, 2017.

VY® T. Rowe Price Diversified Mid Cap Growth Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Common Stock
Consumer Discretionary	$	155,529,258	$	–	$	–	$	155,529,258
Consumer Staples		54,604,339		–		–		54,604,339
Energy		14,124,535		260,637		–		14,385,172
Financials		75,025,232		–		–		75,025,232
Health Care		150,704,841		–		–		150,704,841
Industrials		170,658,796		–		–		170,658,796
Information Technology		255,791,439		–		599,250		256,390,689
Materials		51,834,389		–		–		51,834,389
Real Estate		27,982,606		–		1,383,275		29,365,881
Utilities		4,761,764		–		–		4,761,764
Total Common Stock		961,017,199		260,637		1,982,525		963,260,361
Preferred Stock		–		–		13,602,698		13,602,698
Short-Term Investments		250,174		40,252,366		–		40,502,540
Total Investments, at fair value	$	961,267,373	$	40,513,003	$	15,585,223	$	1,017,365,599

# The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Portfolio may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Portfolio's investments are categorized as Level 2 investments.

The following table presents additional information about valuation techniques and inputs used for investments that are measured at fair value and categorized within Level 3 at September 30, 2017.

Investments, at fair value	Fair Value at September 30, 2017		Valuation Technique(s)	Unobservable Inputs	Range		Impact to Valuation from an Increase in Input
Common Stock
Dropbox, Inc. - Class A	$	415,997	Recent Comparable Transaction Price/Market Comparable	Discount Factor*		-	n/a
				Enterprise Value to Sales Multiple		5.2x - 6.4x	Increase
				Discount for Lack of Marketability		10%	Decrease
				Enterprise Value to Gross Profit		6.8x	Increase
				Sales Growth Rate		30% - 35%	Increase
				Gross Profit Growth Rate		35%	Increase
Dropbox, Inc. - Class B		183,253	Recent Comparable Transaction Price/Market Comparable	Discount Factor*		-	n/a
				Enterprise Value to Sales Multiple		5.2x - 6.4x	Increase
				Discount for Lack of Marketability		10%	Decrease
				Enterprise Value to Gross Profit		6.8x	Increase
				Sales Growth Rate		30% - 35%	Increase
				Gross Profit Growth Rate		35%	Increase
WeWork Companies, Inc., Class A		1,383,275	Recent Comparable Transaction Price	Discount Factor*		-	n/a
Total Common Stock	$	1,982,525
Preferred Stock
AirBNB, Inc. - Series D	$	3,634,270	Recent Comparable Transaction Price/Market Comparable	Discount Factor*		-	n/a
				Discount for Lack of Marketability		10.3%	Decrease
				Enterprise Value to Sales Multiple		5.3x	Increase
				Sales Growth Rate		40%	Increase
AirBNB, Inc. - Series E		417,272	Recent Comparable Transaction Price/Market Comparable	Discount Factor*		-	n/a
				Discount for Lack of Marketability		10.3%	Decrease
				Enterprise Value to Sales Multiple		5.3x	Increase
				Sales Growth Rate		40%	Increase
Dropbox, Inc. - Series A		227,565	Recent Comparable Transaction Price/Market Comparable	Discount Factor*		-	n/a
				Enterprise Value to Sales Multiple		5.2x - 6.4x	Increase
				Discount for Lack of Marketability		10%	Decrease
				Enterprise Value to Gross Profit		6.8x	Increase
				Sales Growth Rate		30% - 35%	Increase
				Gross Profit Growth Rate		35%	Increase
Dropbox, Inc. - Series A-1		1,117,857	Recent Comparable Transaction Price/Market Comparable	Discount Factor*		-	n/a
				Enterprise Value to Sales Multiple		5.2x - 6.4x	Increase
				Discount for Lack of Marketability		10%	Decrease
				Enterprise Value to Gross Profit		6.8x	Increase
				Sales Growth Rate		30% - 35%	Increase
				Gross Profit Growth Rate		35%	Increase
Flipkart Online Services Pvt. Ltd., - Series G		1,060,954	Recent Comparable Transaction Price	Discount Factor*		-	n/a
Tanium, Inc.- Series G		1,757,213	Recent Comparable Transaction Price	Discount Factor*		-	n/a
WeWork Companies, Inc. - Series D-1		2,300,157	Recent Comparable Transaction Price	Discount Factor*		-	n/a
WeWork Companies, Inc. - Series D-2		1,807,237	Recent Comparable Transaction Price	Discount Factor*		-	n/a
WeWork Companies, Inc. - Series E		1,280,173	Recent Comparable Transaction Price	Discount Factor*		-	n/a
Total Preferred Stock	$	13,602,698

* No quantitative unobservable inputs were significant to the fair valuation determination at September 30, 2017.

The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio's assets and liabilities during the period ended September 30, 2017:

	Beginning Balance						Accrued Discounts/		Total Realized		Net Change in Unrealized Appreciation/		Transfers Into		Transfers Out of		Ending Balance
	12/31/2016		Purchases		Sales		(Premiums)		Gain/(Loss)		(Depreciation)*		Level 3		Level 3		9/30/2017
Asset Table
Investments, at fair value
Common Stock	$	1,477,047	$	-	$	-	$	-	$	-	$	505,478	$	-	$	-	$	1,982,525
Preferred Stock		11,044,890		-		-		-				2,557,808		-		-		13,602,698
Total Investments, at value	$	12,521,937	$	-	$	-	$	-	$	-	$	3,063,286	$	-	$	-	$	15,585,223

* As of September 30, 2017, total change in unrealized gain (loss) on Level 3 securities still held at period end and included in the change in net assets was $3,063,286.

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $738,854,957.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	294,618,874
Gross Unrealized Depreciation		(16,108,232	)
Net Unrealized Appreciation	$	278,510,642

VY® T. Rowe Price Growth Equity Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 96.6%
			Consumer Discretionary: 14.9%
	144,442	(1)	Altice USA, Inc.	$	3,944,711		0.2
	92,169	(1)	Amazon.com, Inc.		88,606,668		5.3
	12,483	(1)	Autozone, Inc.		7,428,758		0.5
	67,200		Delphi Automotive PLC		6,612,480		0.4
	67,500		Dollar General Corp.		5,470,875		0.3
	148,620	(2)	Ferrari NV		16,419,538		1.0
	3,088	(1),(3)	Flipkart Online Services Pvt. Ltd.		272,095		0.0
	30,100		Home Depot, Inc.		4,923,156		0.3
	63,858		Marriott International, Inc.		7,040,983		0.4
	66,460		MGM Resorts International		2,165,932		0.1
	56,100	(1)	Netflix, Inc.		10,173,735		0.6
	28,959	(1)	Priceline.com, Inc.		53,018,716		3.2
	162,326		Restaurant Brands International, Inc.		10,369,385		0.6
	51,093	(1),(2)	Tesla, Inc.		17,427,822		1.0
	214,200		Yum! Brands, Inc.		15,767,262		1.0
					249,642,116		14.9
			Consumer Staples: 2.8%
	190,794		British American Tobacco PLC		11,944,401		0.7
	8,187		Danone		643,035		0.1
	112,400		Kraft Heinz Co.		8,716,620		0.5
	231,555		Philip Morris International, Inc.		25,704,921		1.5
					47,008,977		2.8
			Financials: 6.3%
	47,550		Chubb Ltd.		6,778,252		0.4
	107,800		First Republic Bank		11,260,788		0.6
	269,300		Intercontinental Exchange, Inc.		18,500,910		1.1
	177,000		JPMorgan Chase & Co.		16,905,270		1.0
	521,400		Morgan Stanley		25,115,838		1.5
	100,900		State Street Corp.		9,639,986		0.6
	372,776		TD Ameritrade Holding Corp.		18,191,469		1.1
					106,392,513		6.3
			Health Care: 16.8%
	72,329		Aetna, Inc.		11,501,034		0.7
	153,850	(1)	Alexion Pharmaceuticals, Inc.		21,583,617		1.3
	72,900		Anthem, Inc.		13,842,252		0.8
	118,077		Becton Dickinson & Co.		23,137,188		1.4
	64,648	(1)	Biogen, Inc.		20,242,582		1.2
	62,516	(1)	Celgene Corp.		9,116,083		0.5
	68,070	(1)	Centene Corp.		6,587,134		0.4
	91,195		Cigna Corp.		17,047,993		1.0
	92,100		Danaher Corp.		7,900,338		0.5
	153,900	(1)	HCA Healthcare, Inc.		12,248,901		0.7
	44,315		Humana, Inc.		10,796,464		0.6
	24,400	(1)	Intuitive Surgical, Inc.		25,519,472		1.5
	198,400		Merck & Co., Inc.		12,703,552		0.8
	170,700		Stryker Corp.		24,242,814		1.4
	176,500		UnitedHealth Group, Inc.		34,567,525		2.1
	161,533	(1)	Vertex Pharmaceuticals, Inc.		24,559,477		1.5
	119,300		Zoetis, Inc.		7,606,568		0.4
					283,202,994		16.8
			Industrials: 11.3%
	91,269	(2)	Acuity Brands, Inc.		15,632,554		0.9
	539,300		American Airlines Group, Inc.		25,611,357		1.5
	160,742		Boeing Co.		40,862,224		2.4
	123,528		Equifax, Inc.		13,092,733		0.8
	158,621		Fortive Corp.		11,228,781		0.7
	148,465		Fortune Brands Home & Security, Inc.		9,981,302		0.6
	134,200		Honeywell International, Inc.		19,021,508		1.1
	102,200		Illinois Tool Works, Inc.		15,121,512		0.9
	67,232		Roper Technologies, Inc.		16,364,269		1.0
	230,502	(1)	TransUnion		10,893,524		0.7
	119,570	(1)	United Continental Holdings, Inc.		7,279,422		0.4
	74,422	(2)	Wabtec Corp.		5,637,466		0.3
					190,726,652		11.3
			Information Technology: 39.7%
	278,464	(1),(2)	Alibaba Group Holding Ltd. ADR		48,093,518		2.9
	41,950	(1)	Alphabet, Inc. - Class A		40,847,554		2.4
	42,871	(1)	Alphabet, Inc. - Class C		41,118,005		2.4
	637,195		Apple, Inc.		98,204,493		5.8
	26,200		ASML Holding NV-NY REG		4,485,440		0.3
	143,343	(1),(3)	Dropbox, Inc. - Class A		1,347,424		0.1
	140,500	(1)	Electronic Arts, Inc.		16,587,430		1.0
	387,769	(1)	Facebook, Inc.		66,258,089		3.9
	170,900		Fidelity National Information Services, Inc.		15,960,351		0.9
	103,028	(1)	Fiserv, Inc.		13,286,491		0.8
	143,100		Intuit, Inc.		20,340,234		1.2
	212,300		Mastercard, Inc. - Class A		29,976,760		1.8
	882,400		Microsoft Corp.		65,729,976		3.9
	21,300		Nvidia Corp.		3,807,801		0.2
	698,400	(1)	PayPal Holdings, Inc.		44,718,552		2.7
	216,764	(1)	Salesforce.com, Inc.		20,250,093		1.2
	112,895	(1)	ServiceNow, Inc.		13,268,549		0.8
	642,700		Symantec Corp.		21,086,987		1.3
	413,800		Tencent Holdings Ltd.		18,091,623		1.1
	158,700	(1)	Vantiv, Inc.		11,183,589		0.7
	423,800		Visa, Inc. - Class A		44,600,712		2.6
	82,213	(1)	Workday, Inc.		8,664,428		0.5
	276,454		Xilinx, Inc.		19,581,237		1.2
					667,489,336		39.7
			Real Estate: 3.1%
	125,900		American Tower Corp.		17,208,012		1.0
	282,412		Crown Castle International Corp.		28,235,552		1.7
	13,938		Equinix, Inc.		6,220,529		0.4

VY® T. Rowe Price Growth Equity Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Real Estate: (continued)
	5,062	(1),(3)	WeWork Companies, Inc., - Class A	$	262,262		0.0
					51,926,355		3.1
			Telecommunication Services: 0.6%
	154,200	(1)	T-Mobile US, Inc.		9,507,972		0.6
			Utilities: 1.1%
	56,796		American Water Works Co., Inc.		4,595,364		0.3
	90,300		NextEra Energy, Inc.		13,233,465		0.8
					17,828,829		1.1
		Total Common Stock (Cost $1,193,777,749)			1,623,725,744		96.6
PREFERRED STOCK: 1.4%
			Consumer Discretionary: 0.3%
	1,054	(1),(3)	Flipkart Online Services Pvt. Ltd., - Series A		92,871		0.0
	1,862	(1),(3)	Flipkart Online Services Pvt. Ltd., - Series C		164,067		0.0
	3,462	(1),(3)	Flipkart Online Services Pvt. Ltd., - Series E		305,049		0.1
	16,556	(1),(3)	Flipkart Online Services Pvt. Ltd., - Series G		1,982,747		0.1
	14,029	(1),(3)	Flipkart Online Services Pvt. Ltd., - Series H		1,995,485		0.1
					4,540,219		0.3
			Information Technology: 1.0%
	59,241	(1),(3)	AirBNB, Inc. - Series D		6,646,840		0.4
	16,058	(1),(3)	AirBNB, Inc. - Series E		1,801,708		0.1
	93,459	(1),(3)	Magic Leap, Inc., - Series C		2,152,641		0.1
	73,385	(1),(3)	Uber Technologies, Inc. - Series G		3,135,741		0.2
	68,026	(1),(3)	Xiaoju Kuaizhi, Inc., Series A-17		3,464,707		0.2
					17,201,637		1.0
			Real Estate: 0.1%
	45,554	(1),(3)	WeWork Companies, Inc. - Series E		2,360,153		0.1
		Total Preferred Stock (Cost $17,707,847)			24,102,009		1.4

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: 0.8%
			Consumer, Cyclical: 0.8%
	12,477,000	(4)	Caesars Entertainment Operating Co., Inc., 10.000%, 12/15/18	$	12,882,502		0.8
		Total Corporate Bonds/Notes (Cost $12,196,927)			12,882,502		0.8
		Total Long-Term Investments (Cost $1,223,682,523)			1,660,710,255		98.8
SHORT-TERM INVESTMENTS: 5.5%
			Securities Lending Collateral(5): 4.6%
	18,485,852		Citigroup, Inc., Repurchase Agreement dated 09/29/17, 1.08%, due 10/02/17 (Repurchase Amount $18,487,493, collateralized by various U.S. Government Agency Obligations, 1.898%-9.000%, Market Value plus accrued interest $18,855,569, due 12/01/17-06/01/51)		18,485,852		1.1
	18,485,852		Daiwa Capital Markets, Repurchase Agreement dated 09/29/17, 1.07%, due 10/02/17 (Repurchase Amount $18,487,478, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.500%, Market Value plus accrued interest $18,855,569, due 10/12/17-12/01/51)		18,485,852		1.1
	18,485,852		Nomura Securities, Repurchase Agreement dated 09/29/17, 1.08%, due 10/02/17 (Repurchase Amount $18,487,493, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-9.000%, Market Value plus accrued interest $18,855,570, due 11/15/17-08/20/67)		18,485,852		1.1

VY® T. Rowe Price Growth Equity Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: (continued)
		Securities Lending Collateral(5) (continued)
	7,986,203	Royal Bank of Scotland PLC, Repurchase Agreement dated 09/29/17, 1.05%, due 10/02/17 (Repurchase Amount $7,986,892, collateralized by various U.S. Government Securities, 0.488%-3.500%, Market Value plus accrued interest $8,145,951, due 10/31/17-11/15/42)	$	7,986,203		0.5
	14,388,739	State of Wisconsin Investment Board, Repurchase Agreement dated 09/29/17, 1.20%, due 10/02/17 (Repurchase Amount $14,390,158, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $14,702,880, due 01/15/19-02/15/46)		14,388,739		0.8
				77,832,498		4.6

Shares				Value			Percentage of Net Assets
			Mutual Funds: 0.9%
	14,188,145	(6)	T. Rowe Price Reserve Investment Fund, 1.070%
			(Cost $14,188,145)		14,188,145			0.9
		Total Short-Term Investments (Cost $92,020,643)			92,020,643			5.5
		Total Investments in Securities (Cost $1,315,703,166)		$	1,752,730,898			104.3
		Liabilities in Excess of Other Assets			(72,176,596	)		(4.3	)
		Net Assets		$	1,680,554,302			100.0

†	Unless otherwise indicated, principal amount is shown in USD.
ADR	American Depositary Receipt
(1)	Non-income producing security.
(2)	Security, or a portion of the security, is on loan.
(3)	For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs.
(4)	Defaulted security
(5)	Represents securities purchased with cash collateral received for securities on loan.
(6)	Rate shown is the 7-day yield as of September 30, 2017.

VY® T. Rowe Price Growth Equity Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Common Stock
Consumer Discretionary	$	249,370,021	$	–	$	272,095	$	249,642,116
Consumer Staples		34,421,541		12,587,436		–		47,008,977
Financials		106,392,513		–		–		106,392,513
Health Care		283,202,994		–		–		283,202,994
Industrials		190,726,652		–		–		190,726,652
Information Technology		648,050,289		18,091,623		1,347,424		667,489,336
Real Estate		51,664,093		–		262,262		51,926,355
Telecommunication Services		9,507,972		–		–		9,507,972
Utilities		17,828,829		–		–		17,828,829
Total Common Stock		1,591,164,904		30,679,059		1,881,781		1,623,725,744
Preferred Stock		–		–		24,102,009		24,102,009
Corporate Bonds/Notes		–		12,882,502		–		12,882,502
Short-Term Investments		14,188,145		77,832,498		–		92,020,643
Total Investments, at fair value	$	1,605,353,049	$	121,394,059	$	25,983,790	$	1,752,730,898

# The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Portfolio may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Portfolio's investments are categorized as Level 2 investments.

The following table presents additional information about valuation techniques and inputs used for investments that are measured at fair value and categorized within Level 3 at September 30, 2017:

Investments, at fair value	Fair Value at September 30, 2017		Valuation Technique(s)	Unobservable Inputs	Range			Impact to Valuation from an Increase in Input
Common Stock
Dropbox, Inc. - Class A	$	1,347,424	Recent Comparable Transaction Price/Market Comparable	Discount Factor*		-		n/a
				Enterprise Value to Sales Multiple		5.2x - 6.4x		Increase
				Discount for Lack of Marketability		10%		Decrease
				Enterprise Value to Gross Profit		6.8	x	Increase
				Sales Growth Rate		30% - 35%		Increase
				Gross Profit Growth Rate		35%		Increase
Flipkart Online Services Pvt. Ltd.		272,095	Recent Comparable Transaction Price	Discount Factor*		-		n/a
WeWork Companies, Inc., - Class A		262,262	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Total Common Stock	$	1,881,781
Preferred Stock
AirBNB, Inc. - Series D	$	6,646,840	Recent Comparable Transaction Price/Market Comparable	Discount Factor*		-		n/a
				Discount for Lack of Marketability		10.3%		Decrease
				Enterprise Value to Sales Multiple		5.3	x	Increase
				Sales Growth Rate		40%		Increase
AirBNB, Inc. - Series E		1,801,708	Recent Comparable Transaction Price/Market Comparable	Discount Factor*		-		n/a
				Discount for Lack of Marketability		10.3%		Decrease
				Enterprise Value to Sales Multiple		5.3	x	Increase
				Sales Growth Rate		40%		Increase
Flipkart Online Services Pvt. Ltd., - Series A		92,871	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Flipkart Online Services Pvt. Ltd., - Series C		164,067	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Flipkart Online Services Pvt. Ltd., - Series E		305,049	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Flipkart Online Services Pvt. Ltd., - Series G		1,982,747	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Flipkart Online Services Pvt. Ltd., - Series H		1,995,485	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Magic Leap, Inc., Series C		2,152,641	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Uber Technologies, Inc. - Series G		3,135,741	Recent Comparable Transaction Price/Market Comparable	Discount Factor*		-		n/a
				Enterprise Value to Gross Profit Multiple		13.6	x	Increase
				Enterprise Value to EBITDA Multiple		28.2	x	Increase
				Discount for Lack of Marketability		10.0%		Decrease
WeWork Companies, Inc. - Series E		2,360,153	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Xiaoju Kuaizhi, Inc., Series A-17		3,464,707	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Total Preferred Stock	$	24,102,009

* No quantitative unobservable inputs were significant to the fair valuation determination at September 30, 2017.

VY® T. Rowe Price Growth Equity Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio's assets and liabilities during the period ended September 30, 2017:

	Beginning Balance							Accrued Discounts/		Total Realized			Net Change in   Unrealized Appreciation/		Transfers Into		Transfers Out of		Ending Balance
	12/31/2016		Purchases		Sales			(Premiums)		Gain/(Loss)			(Depreciation)*		Level 3		Level 3		9/30/2017
Asset Table
Investments, at fair value
Common Stock	$	1,827,749	$	-	$	-		$	-	$	-		$	54,032	$	-	$	-	$	1,881,781
Preferred Stock		23,579,639		-		(1,758,503	)		-		(663,462	)		2,944,335		-		-		24,102,009
Total Investments, at value	$	25,407,388	$	-	$	(1,758,503	)	$	-	$	(663,462	)	$	2,998,367	$	-	$	-	$	25,983,790

*As of September 30, 2017, total change in unrealized gain (loss) on Level 3 securities still held at period end and included in the change in net assets was $2,998,367.

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $1,318,745,849.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	447,631,186
Gross Unrealized Depreciation		(13,518,456	)
Net Unrealized Appreciation	$	434,112,730

VY® Templeton Foreign Equity Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 97.7%
			Canada: 1.9%
	509,310		Alamos Gold, Inc.	$	3,442,936		0.5
	460,200	(1)	Husky Energy, Inc.		5,761,029		0.9
	167,500		Wheaton Precious Metals Corp.		3,194,951		0.5
					12,398,916		1.9
			China: 6.7%
	36,110	(1)	Baidu, Inc. ADR		8,944,086		1.4
	2,585,000		China Life Insurance Co., Ltd.		7,748,690		1.2
	729,000		China Mobile Ltd.		7,400,776		1.1
	21,246,000		China Telecom Corp., Ltd.		10,930,821		1.7
	3,094,000		Kunlun Energy Co. Ltd.		3,027,895		0.4
	1,368,800		Sinopharm Group Co.		6,063,093		0.9
					44,115,361		6.7
			France: 9.1%
	306,996		AXA S.A.		9,281,093		1.4
	164,584		BNP Paribas		13,277,869		2.0
	121,133		Cie de Saint-Gobain		7,217,070		1.1
	47,171		Cie Generale des Etablissements Michelin		6,882,284		1.1
	189,809		Credit Agricole SA		3,455,286		0.5
	115,691		Sanofi		11,516,590		1.8
	147,259		Total S.A.		7,906,946		1.2
					59,537,138		9.1
			Germany: 11.2%
	95,421		Bayer AG		13,034,755		2.0
	66,865		HeidelbergCement AG		6,881,013		1.1
	391,745	(1)	Infineon Technologies AG		9,876,778		1.5
	187,470	(2)	Innogy SE		8,351,596		1.3
	123,760		Lanxess		9,773,427		1.5
	83,268		Merck KGaA		9,273,775		1.4
	42,620	(1),(3)	Morphosys AG		3,600,451		0.5
	30,717		SAP SE		3,367,955		0.5
	65,920	(1)	Siemens AG		9,301,880		1.4
					73,461,630		11.2
			Hong Kong: 3.2%
	973,900		AIA Group Ltd.		7,210,075		1.1
	583,140		CK Asset Holdings Ltd.		4,847,836		0.7
	228,400		CK Hutchison Holdings Ltd. ADR		2,916,668		0.4
	485,640		CK Hutchison Holdings Ltd.		6,220,218		1.0
					21,194,797		3.2
			India: 1.7%
	413,798		Housing Development Finance Corp.		11,045,524		1.7
			Israel: 0.9%
	339,858		Teva Pharmaceutical Industries Ltd. ADR		5,981,501		0.9
			Italy: 1.6%
	626,264	(3)	ENI S.p.A.		10,371,942		1.6
			Japan: 12.4%
	151,000		IHI Corp.		5,263,660		0.8
	522,200		Inpex Corp.		5,562,882		0.8
	630,200	(3)	Konica Minolta, Inc.		5,177,835		0.8
	143,500		Mitsui Fudosan Co., Ltd.		3,111,514		0.5
	323,500		Nissan Motor Co., Ltd.		3,204,793		0.5
	190,100		Omron Corp.		9,693,661		1.5
	646,600		Panasonic Corp.		9,383,445		1.4
	21,300		Ryohin Keikaku Co., Ltd.		6,278,852		0.9
	154,100		SoftBank Group Corp.		12,496,940		1.9
	215,500	(3)	Sumitomo Metal Mining Co., Ltd.		6,937,653		1.1
	202,900		Sumitomo Rubber Industries, Inc.		3,724,056		0.6
	240,400		Suntory Beverage & Food Ltd.		10,693,325		1.6
					81,528,616		12.4
			Luxembourg: 0.7%
	212,778	(1)	SES S.A. - Luxembourg		4,658,097		0.7
			Netherlands: 5.2%
	52,502		Akzo Nobel NV		4,842,203		0.7
	145,314	(1)	QIAGEN NV		4,593,349		0.7
	588,596		Royal Dutch Shell PLC - Class B		18,120,556		2.8
	374,301		SBM Offshore NV		6,787,190		1.0
					34,343,298		5.2
			Norway: 2.6%
	573,623		Telenor ASA		12,151,953		1.9
	109,447		Yara International ASA		4,907,698		0.7
					17,059,651		2.6
			Portugal: 1.3%
	474,200		Galp Energia SGPS SA		8,409,011		1.3
			Singapore: 3.0%
	427,382		DBS Group Holdings Ltd.		6,579,148		1.0
	3,077,400		Singapore Telecommunications Ltd.		8,365,684		1.3
	282,900		United Overseas Bank Ltd.		4,912,773		0.7
					19,857,605		3.0
			South Korea: 6.5%
	171,216		Hana Financial Group, Inc.		7,103,197		1.1
	25,200		Hyundai Mobis Co. Ltd.		5,290,938		0.8
	174,380		KB Financial Group, Inc. ADR		8,549,851		1.3
	19,033		Samsung Electronics Co., Ltd. GDR		21,587,111		3.3
					42,531,097		6.5
			Spain: 0.5%
	294,797		Telefonica S.A.		3,203,561		0.5
			Sweden: 0.9%
	322,994		Getinge AB		6,063,896		0.9

VY® Templeton Foreign Equity Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Switzerland: 4.9%
	82,527		Novartis AG	$	7,078,749		1.1
	49,166		Roche Holding AG		12,567,820		1.9
	34,680		Swiss Re Ltd.		3,143,548		0.5
	547,076		UBS Group AG		9,358,818		1.4
					32,148,935		4.9
			Taiwan: 1.2%
	1,099,251		Taiwan Semiconductor Manufacturing Co., Ltd.		7,873,342		1.2
			Thailand: 1.2%
	1,298,000		Bangkok Bank PCL - Foreign Reg		7,600,974		1.2
			United Kingdom: 20.8%
	723,258		Aviva PLC		4,991,874		0.8
	1,403,493		BAE Systems PLC		11,885,814		1.8
	3,841,860		Barclays PLC		9,961,860		1.5
	2,776,524		BP PLC		17,786,384		2.7
	436,584		Sky PLC		5,355,947		0.8
	2,859,581		Cobham PLC		5,582,979		0.9
	217,734		CRH PLC - London		8,268,744		1.3
	315,426		GlaxoSmithKline PLC		6,305,551		1.0
	1,214,000		HSBC Holdings PLC (HKD)		11,990,569		1.8
	164,170		Johnson Matthey PLC		7,528,040		1.1
	1,514,234		Kingfisher PLC		6,062,504		0.9
	113,520	(1)	LivaNova PLC		7,953,211		1.2
	318,960		Rolls-Royce Holdings PLC		3,793,791		0.6
	90,814		Shire PLC		4,625,494		0.7
	1,090,602	(1)	Standard Chartered PLC		10,843,944		1.6
	175,214		Travis Perkins PLC		3,399,706		0.5
	3,653,591		Vodafone Group PLC		10,230,730		1.6
					136,567,142		20.8
			United States: 0.2%
	173,400		Tahoe Resources, Inc.		911,644		0.2
		Total Common Stock (Cost $491,141,155)			640,863,678		97.7

Principal Amount†				Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 5.2%
			U.S. Government Agency Obligations: 1.5%
	9,600,000	(4)	Federal Home Loan Bank Discount Notes, 0.700%, 10/02/17
			(Cost $9,599,814)		9,600,000		1.5
			Securities Lending Collateral(5): 3.7%
	5,810,697		Citigroup, Inc., Repurchase Agreement dated 09/29/17, 1.08%, due 10/02/17 (Repurchase Amount $5,811,213, collateralized by various U.S. Government Agency Obligations, 1.898%-9.000%, Market Value plus accrued interest $5,926,911, due 12/01/17-06/01/51)		5,810,697		0.9
	5,810,697		Daiwa Capital Markets, Repurchase Agreement dated 09/29/17, 1.07%, due 10/02/17 (Repurchase Amount $5,811,208, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.500%, Market Value plus accrued interest $5,926,911, due 10/12/17-12/01/51)		5,810,697		0.9
	5,810,697		Nomura Securities, Repurchase Agreement dated 09/29/17, 1.08%, due 10/02/17 (Repurchase Amount $5,811,213, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-9.000%, Market Value plus accrued interest $5,926,911, due 11/15/17-08/20/67)		5,810,697		0.9
	2,510,410		Royal Bank of Scotland PLC, Repurchase Agreement dated 09/29/17, 1.05%, due 10/02/17 (Repurchase Amount $2,510,627, collateralized by various U.S. Government Securities, 0.488%-3.500%, Market Value plus accrued interest $2,560,626, due 10/31/17-11/15/42)		2,510,410		0.3

VY® Templeton Foreign Equity Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: (continued)
		Securities Lending Collateral(5) (continued)
	4,522,599	State of Wisconsin Investment Board, Repurchase Agreement dated 09/29/17, 1.20%, due 10/02/17 (Repurchase Amount $4,523,045, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $4,621,338, due 01/15/19-02/15/46)	$	4,522,599		0.7
				24,465,100		3.7

Shares				Value			Percentage of Net Assets
			Mutual Funds: 0.0%
	73,519	(6)	BlackRock Liquidity Funds, FedFund, Institutional Class, 0.930%
			(Cost $73,519)		73,519			0.0
		Total Short-Term Investments (Cost $34,138,433)			34,138,619			5.2
		Total Investments in Securities (Cost $525,279,588)		$	675,002,297			102.9
		Liabilities in Excess of Other Assets			(19,054,296	)		(2.9	)
		Net Assets		$	655,948,001			100.0

†	Unless otherwise indicated, principal amount is shown in USD.
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
(1)	Non-income producing security.
(2)	Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers.
(3)	Security, or a portion of the security, is on loan.
(4)	Represents a zero coupon bond. Rate shown reflects the effective yield as of September 30, 2017.
(5)	Represents securities purchased with cash collateral received for securities on loan.
(6)	Rate shown is the 7-day yield as of September 30, 2017.

Sector Diversification	Percentage of Net Assets
Financials		20.8	%
Health Care		15.0
Energy		12.7
Information Technology		10.2
Telecommunication Services		10.0
Materials		8.7
Industrials		8.5
Consumer Discretionary		7.7
Consumer Staples		1.6	%
Utilities		1.3
Real Estate		1.2
Short-Term Investments		5.2
Liabilities in Excess of Other Assets		(2.9	)
Net Assets		100.0	%

VY® Templeton Foreign Equity Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2017 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2017 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, 2017
Asset Table
Investments, at fair value
Common Stock
Canada	$	12,398,916	$	–	$	–	$	12,398,916
China		8,944,086		35,171,275		–		44,115,361
France		–		59,537,138		–		59,537,138
Germany		–		73,461,630		–		73,461,630
Hong Kong		2,916,668		18,278,129		–		21,194,797
India		–		11,045,524		–		11,045,524
Israel		5,981,501		–		–		5,981,501
Italy		–		10,371,942		–		10,371,942
Japan		–		81,528,616		–		81,528,616
Luxembourg		–		4,658,097		–		4,658,097
Netherlands		–		34,343,298		–		34,343,298
Norway		–		17,059,651		–		17,059,651
Portugal		–		8,409,011		–		8,409,011
Singapore		–		19,857,605		–		19,857,605
South Korea		8,549,851		33,981,246		–		42,531,097
Spain		–		3,203,561		–		3,203,561
Sweden		–		6,063,896		–		6,063,896
Switzerland		–		32,148,935		–		32,148,935
Taiwan		–		7,873,342		–		7,873,342
Thailand		–		7,600,974		–		7,600,974
United Kingdom		16,935,896		119,631,246		–		136,567,142
United States		911,644		–		–		911,644
Total Common Stock		56,638,562		584,225,116		–		640,863,678
Short-Term Investments		73,519		34,065,100		–		34,138,619
Total Investments, at fair value	$	56,712,081	$	618,290,216	$	–	$	675,002,297

# The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Portfolio may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Portfolio's investments are categorized as Level 2 investments.

At September 30, 2017, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

Cost for federal income tax purposes was $527,874,330.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	181,106,220
Gross Unrealized Depreciation		(33,974,425	)
Net Unrealized Appreciation	$	147,131,795

Item 2. Controls and Procedures.

(a) Based on our evaluation conducted within 90 days of the filing date, hereof, the design and operation of the registrant’s disclosure controls and procedures are effective to ensure that material information relating to the registrant is made known to the certifying officers by others within the appropriate entities, particularly during the period in which Forms N-Q are being prepared, and the registrant’s disclosure controls and procedures allow timely preparation and review of the information for the registrant’s Form NQ and the officer certifications of such Form N-Q.

(b) There were no significant changes in the registrant’s internal controls over financial reporting that occurred during the registrant’s last fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2 under the Act (17 CFR 270.30a-2) is attached hereto as EX-99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant):	Voya Partners, Inc.
By	/s/ Shaun P. Mathews
	Shaun P. Mathews
	President and Chief Executive Officer
Date:	November 27, 2017

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By	/s/ Shaun P. Mathews
	Shaun P. Mathews
	President and Chief Executive Officer
Date:	November 27, 2017
By	/s/ Todd Modic
	Todd Modic
	Senior Vice President and Chief Financial Officer
Date:	November 27, 2017