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: March 31, 2018

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 March 31, 2018 (Unaudited)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: 25.8%
			Brazil: 0.5%
	900,000		Petrobras Global Finance BV, 8.750%, 05/23/2026	$	1,058,661		0.5
			Canada: 0.7%
	315,000	(1)	1011778 BC ULC / New Red Finance, Inc., 5.000%, 10/15/2025		301,518		0.1
	191,000	(2)	Cenovus Energy, Inc., 4.250%, 04/15/2027		186,400		0.1
	300,000		Fortis, Inc./Canada, 3.055%, 10/04/2026		278,357		0.1
	324,000		Goldcorp, Inc., 3.700%, 03/15/2023		322,449		0.2
	430,000		Teck Resources Ltd., 6.000%, 08/15/2040		445,050		0.2
					1,533,774		0.7
			Cayman Islands: 0.0%
	1	(1)	Ambac LSNI LLC, 6.811%, (US0003M + 5.000%), 02/12/2023		1		0.0
			China: 0.3%
	601,000	(2)	Alibaba Group Holding Ltd., 3.600%, 11/28/2024		596,619		0.3
			France: 0.5%
	350,000	(1)	Altice Financing SA, 6.625%, 02/15/2023		347,375		0.2
	294,000		BPCE SA, 2.500%, 12/10/2018		293,515		0.1
	287,000	(1)	BPCE SA, 5.150%, 07/21/2024		299,914		0.1
	226,000	(1)	Electricite de France SA, 2.350%, 10/13/2020		222,306		0.1
					1,163,110		0.5
			Guernsey: 0.3%
	716,000		Credit Suisse Group Funding Guernsey Ltd., 2.750%, 03/26/2020		709,208		0.3
			Ireland: 0.3%
	282,000		GE Capital International Funding Co. Unlimited Co., 4.418%, 11/15/2035		275,190		0.1
	370,000		Shire Acquisitions Investments Ireland DAC, 3.200%, 09/23/2026		345,415		0.2
					620,605		0.3
			Israel: 0.1%
	345,000		Teva Pharmaceutical Finance Netherlands III BV, 3.150%, 10/01/2026		277,276		0.1
			Italy: 0.3%
	60,000		Telecom Italia Capital SA, 6.375%, 11/15/2033		65,400		0.0
	315,000		Telecom Italia Capital SA, 7.721%, 06/04/2038		386,725		0.2
	305,000	(1)	UniCredit SpA, 5.861%, 06/19/2032		310,402		0.1
					762,527		0.3
			Japan: 0.7%
	790,000	(1)	MUFG Bank Ltd, 2.300%, 03/05/2020		778,229		0.3
	200,000	(1)	Mizuho Bank Ltd., 3.200%, 03/26/2025		194,812		0.1
	639,000		Sumitomo Mitsui Financial Group, Inc., 3.784%, 03/09/2026		637,961		0.3
					1,611,002		0.7
			Luxembourg: 0.2%
	130,000	(1)	Dana Financing Luxembourg Sarl, 5.750%, 04/15/2025		132,763		0.1
	185,000	(1)	Dana Financing Luxembourg Sarl, 6.500%, 06/01/2026		192,862		0.1
					325,625		0.2
			Mexico: 0.0%
MXN	1,007,437	(3)	Banco Invex SA / Hipotecaria Credito y Casa SA de CV, 6.450%, 03/13/2034		–		–
MXN	99,219	(4)	JPMorgan Hipotecaria su Casita, 6.100%, 09/25/2035		5,448		0.0
					5,448		0.0
			Netherlands: 0.8%
	100,000		ArcelorMittal, 7.000%, 03/01/2041		116,750		0.0
	170,000		ArcelorMittal, 7.250%, 10/15/2039		201,875		0.1
	269,000		Cooperatieve Rabobank UA, 4.500%, 01/11/2021		279,330		0.1
	690,000		Shell International Finance BV, 3.250%, 05/11/2025		683,779		0.3
	361,000		Shell International Finance BV, 4.000%, 05/10/2046		363,540		0.2
	300,000	(1)	Siemens Financieringsmaatschappij NV, 2.350%, 10/15/2026		274,585		0.1
					1,919,859		0.8
			Norway: 0.2%
	380,000		Statoil ASA, 2.450%, 01/17/2023		368,212		0.2
			South Africa: 0.0%
ZAR	1,000,000		Transnet SOC Ltd., 10.800%, 11/06/2023		91,490		0.0
			Spain: 0.1%
	150,000		Telefonica Emisiones SAU, 4.665%, 03/06/2038		152,000		0.0
	160,000		Telefonica Emisiones SAU, 4.895%, 03/06/2048		163,286		0.1
					315,286		0.1

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Sweden: 0.1%
	298,000	(1),(2)	Nordea Bank AB, 5.500%, 12/31/2199	$	301,725		0.1
			Switzerland: 0.3%
	400,000	(1)	Credit Suisse AG, 6.500%, 08/08/2023		435,790		0.2
	250,000		UBS AG/Stamford CT, 7.625%, 08/17/2022		281,250		0.1
					717,040		0.3
			United Kingdom: 1.4%
	283,000		Aon PLC, 2.800%, 03/15/2021		280,208		0.1
	530,000		BP Capital Markets PLC, 3.216%, 11/28/2023		525,581		0.2
	200,000	(1),(2)	Reckitt Benckiser Treasury Services PLC, 3.000%, 06/26/2027		188,331		0.1
	239,000	(1)	Santander UK Group Holdings PLC, 5.625%, 09/15/2045		264,754		0.1
	1,002,000		Santander UK PLC, 2.375%, 03/16/2020		988,279		0.5
	602,000	(1)	Standard Chartered PLC, 4.300%, 02/19/2027		590,302		0.3
	230,000	(1)	Standard Chartered PLC, 5.300%, 01/09/2043		240,236		0.1
					3,077,691		1.4
			United States: 19.0%
	424,000		21st Century Fox America, Inc., 4.500%, 02/15/2021		441,401		0.2
	300,000		21st Century Fox America, Inc., 5.400%, 10/01/2043		352,606		0.2
	150,000		AbbVie, Inc., 3.600%, 05/14/2025		147,978		0.1
	321,000		AbbVie, Inc., 4.300%, 05/14/2036		321,607		0.1
	160,000		AECOM, 5.125%, 03/15/2027		155,000		0.1
	53,000		Aetna, Inc., 2.800%, 06/15/2023		50,967		0.0
	325,000	(2)	AMC Entertainment Holdings, Inc., 5.875%, 11/15/2026		320,125		0.1
	160,000		AMC Networks, Inc., 4.750%, 08/01/2025		154,581		0.1
	233,000		American Tower Corp., 3.500%, 01/31/2023		231,870		0.1
	300,000		Amgen, Inc., 3.200%, 11/02/2027		284,627		0.1
	70,000		Andeavor Logistics L.P. / Tesoro Logistics Finance Corp., 5.250%, 01/15/2025		71,253		0.0
	432,000		Anheuser-Busch InBev Finance, Inc., 2.650%, 02/01/2021		428,834		0.2
	555,000		Anheuser-Busch InBev Finance, Inc., 3.650%, 02/01/2026		552,300		0.2
	214,000		Anheuser-Busch InBev Finance, Inc., 4.900%, 02/01/2046		231,298		0.1
	190,000		Anheuser-Busch InBev Worldwide, Inc., 4.000%, 04/13/2028		192,458		0.1
	155,000		Antero Resources Corp., 5.625%, 06/01/2023		158,875		0.1
	301,000	(1)	AT&T, Inc., 4.300%, 02/15/2030		300,197		0.1
	299,000		AT&T, Inc., 5.150%, 03/15/2042		308,643		0.1
	430,000		AT&T, Inc., 5.450%, 03/01/2047		457,343		0.2
	368,000		Bank of America Corp., 3.300%, 01/11/2023		367,242		0.2
	616,000	(1)	Bank of America Corp., 3.419%, 12/20/2028		590,365		0.3
	458,000		Bank of America Corp., 4.100%, 07/24/2023		472,961		0.2
	412,000		Bank of New York Mellon Corp., 2.050%, 05/03/2021		400,979		0.2
	300,000		Boardwalk Pipelines L.P., 5.950%, 06/01/2026		321,841		0.1
	105,000	(1)	Brink's Co/The, 4.625%, 10/15/2027		97,650		0.0
	325,000	(1)	Calpine Corp., 5.250%, 06/01/2026		314,844		0.1
	395,000		CBRE Services, Inc., 5.250%, 03/15/2025		422,949		0.2
	216,000		CBS Corp., 3.700%, 08/15/2024		214,863		0.1
	249,000		CCO Holdings LLC / CCO Holdings Capital Corp., 5.125%, 02/15/2023		251,241		0.1
	60,000	(1)	CCO Holdings LLC / CCO Holdings Capital Corp., 5.125%, 05/01/2027		57,114		0.0
	100,000		CDW LLC / CDW Finance Corp., 5.000%, 09/01/2025		100,000		0.0
	160,000		CenturyLink, Inc., 5.800%, 03/15/2022		157,000		0.1
	563,000		Charter Communications Operating LLC / Charter Communications Operating Capital, 4.464%, 07/23/2022		575,855		0.3
	160,000		Chemours Co/The, 5.375%, 05/15/2027		160,800		0.1
	175,000	(2)	CHS/Community Health Systems, Inc., 5.125%, 08/01/2021		163,625		0.1
	265,000		Citigroup, Inc., 4.125%, 07/25/2028		262,017		0.1
	579,000		Citigroup, Inc., 4.000%, 08/05/2024		580,996		0.3
	469,000		Citigroup, Inc., 5.500%, 09/13/2025		509,050		0.2
	758,000		Citizens Bank NA/Providence RI, 2.450%, 12/04/2019		749,921		0.3
	278,000	(1)	Cleveland Electric Illuminating Co/The, 3.500%, 04/01/2028		266,114		0.1
	165,000		Comcast Corp., 2.350%, 01/15/2027		148,210		0.1

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			United States: (continued)
	400,000		Comcast Corp., 4.000%, 03/01/2048	$	380,055		0.2
	200,000		Comcast Corp., 4.250%, 01/15/2033		207,362		0.1
	165,000	(1)	CommScope Technologies LLC, 5.000%, 03/15/2027		157,162		0.1
	330,000	(1)	Continental Resources, Inc./OK, 4.375%, 01/15/2028		322,162		0.1
	221,000	(1)	Cox Communications, Inc., 2.950%, 06/30/2023		213,246		0.1
	335,000	(1)	CRC Escrow Issuer LLC / CRC Finco, Inc., 5.250%, 10/15/2025		321,995		0.1
	325,000		CSC Holdings LLC, 5.250%, 06/01/2024		309,969		0.1
	1,184,000		CVS Health Corp., 2.800%, 07/20/2020		1,177,136		0.5
	510,000		CVS Health Corp., 4.300%, 03/25/2028		514,163		0.2
	177,000	(1)	Dell International LLC / EMC Corp., 4.420%, 06/15/2021		181,660		0.1
	480,000	(1)	Dell International LLC / EMC Corp., 5.450%, 06/15/2023		509,200		0.2
	313,000	(1)	Dell International LLC / EMC Corp., 6.020%, 06/15/2026		337,424		0.1
	442,000		Discover Bank, 7.000%, 04/15/2020		472,496		0.2
	355,000		DISH DBS Corp., 5.875%, 11/15/2024		317,725		0.1
	147,000		Eastman Chemical Co., 2.700%, 01/15/2020		146,173		0.1
	280,000		Energy Transfer Partners L.P. / Regency Energy Finance Corp., 4.500%, 11/01/2023		283,831		0.1
	1,026,000		Energy Transfer Partners L.P., 4.900%, 02/01/2024		1,054,135		0.5
	558,000		Entergy Corp., 5.125%, 09/15/2020		581,213		0.3
	153,000		Envision Healthcare Corp., 5.625%, 07/15/2022		154,453		0.1
	470,000	(1)	ESH Hospitality, Inc., 5.250%, 05/01/2025		458,391		0.2
	202,000		FedEx Corp., 4.050%, 02/15/2048		190,102		0.1
	318,000		Fifth Third Bancorp, 8.250%, 03/01/2038		457,097		0.2
	310,000	(1)	First Data Corp., 5.750%, 01/15/2024		313,100		0.1
	532,000		FirstEnergy Corp., 4.250%, 03/15/2023		545,199		0.2
	205,000		General Electric Co., 6.750%, 03/15/2032		254,873		0.1
	224,000		General Motors Financial Co., Inc., 4.300%, 07/13/2025		224,548		0.1
	240,000		Goldman Sachs Group, Inc./The, 2.625%, 04/25/2021		235,189		0.1
	1,177,000		Goldman Sachs Group, Inc./The, 2.876%, 10/31/2022		1,152,486		0.5
	160,000		Goodyear Tire & Rubber Co/The, 4.875%, 03/15/2027		154,315		0.1
	240,000		HCA, Inc., 5.500%, 06/15/2047		232,500		0.1
	240,000		HCA, Inc., 5.875%, 02/15/2026		244,800		0.1
	150,000	(1)	Hess Infrastructure Partners L.P. / Hess Infrastructure Partners Finance Corp., 5.625%, 02/15/2026		148,125		0.1
	155,000	(1)	Hill-Rom Holdings, Inc., 5.000%, 02/15/2025		154,419		0.1
	160,000	(1)	IHS Markit Ltd, 4.000%, 03/01/2026		154,400		0.1
	1,041,000		Indiana Michigan Power Co., 7.000%, 03/15/2019		1,080,391		0.5
	330,000	(1)	Iron Mountain, Inc., 5.250%, 03/15/2028		312,262		0.1
	320,000	(1)	JBS USA LUX SA / JBS USA Finance, Inc., 5.750%, 06/15/2025		300,000		0.1
	145,000	(1)	JBS USA LUX SA / JBS USA Finance, Inc., 5.875%, 07/15/2024		141,962		0.1
	245,000	(4)	Jefferson Smurfit Escrow, 06/01/2049		–		–
	90,000		Johnson & Johnson, 2.900%, 01/15/2028		86,546		0.0
	150,000		Johnson & Johnson, 3.400%, 01/15/2038		144,311		0.1
	50,000		Johnson & Johnson, 4.375%, 12/05/2033		54,827		0.0
	362,000		JPMorgan Chase & Co., 1.625%, 05/15/2018		361,633		0.2
	357,000		JPMorgan Chase & Co., 2.550%, 03/01/2021		351,434		0.2
	258,000		JPMorgan Chase & Co., 3.897%, 01/23/2049		246,528		0.1
	478,000		JPMorgan Chase & Co., 6.000%, 12/31/2199		494,132		0.2
	222,000		Kinder Morgan Energy Partners L.P., 4.250%, 09/01/2024		223,530		0.1
	194,000		Kinder Morgan, Inc./DE, 5.550%, 06/01/2045		204,425		0.1
	317,000		Kraft Heinz Foods Co., 3.000%, 06/01/2026		292,941		0.1
	234,000		Kroger Co/The, 4.450%, 02/01/2047		221,722		0.1
	291,000	(1)	Lennar Corp., 4.750%, 11/29/2027		280,087		0.1
	315,000		Level 3 Parent LLC, 5.750%, 12/01/2022		315,592		0.1
	375,000		Medtronic, Inc., 3.150%, 03/15/2022		375,725		0.2
	380,000	(1)	Metropolitan Edison Co., 4.000%, 04/15/2025		383,764		0.2
	320,000		MGM Resorts International, 4.625%, 09/01/2026		307,200		0.1

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			United States: (continued)
	372,000		Morgan Stanley, 3.750%, 02/25/2023	$	376,360		0.2
	618,000		Morgan Stanley, 4.100%, 05/22/2023		626,813		0.3
	300,000		Murphy Oil Corp., 5.750%, 08/15/2025		296,250		0.1
	140,000		Netflix, Inc., 5.750%, 03/01/2024		145,950		0.1
	438,000		Newell Brands, Inc., 2.875%, 12/01/2019		435,733		0.2
	381,000		NextEra Energy Capital Holdings, Inc., 3.625%, 06/15/2023		382,998		0.2
	235,000		Nordstrom, Inc., 5.000%, 01/15/2044		221,222		0.1
	315,000	(1)	Novelis Corp., 5.875%, 09/30/2026		311,062		0.1
	155,000	(1)	NRG Energy, Inc., 5.750%, 01/15/2028		151,900		0.1
	292,000		Occidental Petroleum Corp., 4.625%, 06/15/2045		310,787		0.1
	349,000		Oracle Corp., 2.950%, 05/15/2025		338,093		0.1
	150,000		O'Reilly Automotive, Inc., 3.600%, 09/01/2027		145,529		0.1
	140,000	(1)	Owens-Brockway Glass Container, Inc., 5.875%, 08/15/2023		145,163		0.1
	235,000		Pfizer, Inc., 2.750%, 06/03/2026		223,425		0.1
	460,000		Philip Morris International, Inc., 4.250%, 11/10/2044		461,577		0.2
	490,000	(1)	Post Holdings, Inc., 5.000%, 08/15/2026		466,725		0.2
	249,000		Qualcomm, Inc., 3.250%, 05/20/2027		236,822		0.1
	325,000	(1)	Quicken Loans, Inc., 5.250%, 01/15/2028		304,688		0.1
	272,000		Reynolds American, Inc., 6.150%, 09/15/2043		327,898		0.1
	117,000		Scripps Networks Interactive, Inc., 2.750%, 11/15/2019		116,208		0.1
	315,000		Service Corp. International/US, 4.625%, 12/15/2027		304,763		0.1
	310,000	(1),(2)	Sinclair Television Group, Inc., 5.125%, 02/15/2027		289,075		0.1
	135,000	(1)	Sirius XM Radio, Inc., 5.000%, 08/01/2027		127,575		0.1
	175,000	(1)	Sirius XM Radio, Inc., 5.375%, 04/15/2025		174,125		0.1
	95,000	(1)	Six Flags Entertainment Corp., 4.875%, 07/31/2024		92,744		0.0
	370,000	(1)	Six Flags Entertainment Corp., 5.500%, 04/15/2027		367,225		0.2
	185,000		Southwest Airlines Co., 3.450%, 11/16/2027		179,126		0.1
	295,000	(1)	Standard Industries, Inc./NJ, 5.000%, 02/15/2027		287,091		0.1
	245,000	(4)	Stone Webster Escrow, 07/01/2049		–		–
	315,000		Summit Midstream Holdings LLC / Summit Midstream Finance Corp., 5.750%, 04/15/2025		301,613		0.1
	104,000		Sunoco Logistics Partners Operations L.P., 4.250%, 04/01/2024		103,505		0.0
	445,000		Synchrony Financial, 4.250%, 08/15/2024		442,765		0.2
	335,000	(1)	Tallgrass Energy Partners L.P. / Tallgrass Energy Finance Corp., 5.500%, 01/15/2028		338,350		0.2
	160,000		Teleflex, Inc., 4.625%, 11/15/2027		154,602		0.1
	272,000		Time Warner Cable LLC, 5.875%, 11/15/2040		284,581		0.1
	485,000		Time Warner, Inc., 6.500%, 11/15/2036		583,649		0.3
	320,000		T-Mobile USA, Inc., 4.750%, 02/01/2028		308,000		0.1
	50,000		United Rentals North America, Inc., 4.875%, 01/15/2028		48,375		0.0
	100,000		United Rentals North America, Inc., 5.500%, 07/15/2025		102,750		0.0
	345,000	(1)	Univision Communications, Inc., 5.125%, 02/15/2025		322,575		0.1
	180,000	(1)	Valeant Pharmaceuticals International, 7.250%, 07/15/2022		180,675		0.1
	230,000		Verizon Communications, Inc., 4.125%, 03/16/2027		233,252		0.1
	252,000		Viacom, Inc., 4.375%, 03/15/2043		226,276		0.1
	430,000		Wells Fargo & Co., 4.100%, 06/03/2026		427,530		0.2
	180,000		Western Digital Corp., 4.750%, 02/15/2026		179,942		0.1
	300,000	(1)	Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp., 5.500%, 03/01/2025		302,250		0.1
					43,475,333		19.0
		Total Corporate Bonds/Notes
		(Cost $59,443,996)			58,930,492		25.8
COLLATERALIZED MORTGAGE OBLIGATIONS: 12.2%
			United States: 12.2%
	394,435		Adjustable Rate Mortgage Trust 2006-2 1A1, 3.827%, 05/25/2036		372,008		0.2
	301,768		Alternative Loan Trust 2005-51 3A2A, 2.573%, (12MTA + 1.290%), 11/20/2035		292,549		0.1
	93,807		Alternative Loan Trust 2006-13T1 A9, 6.000%, 05/25/2036		75,740		0.0
	546,738		Banc of America Funding 2005-1 Trust 1A1, 5.500%, 02/25/2035		548,613		0.2

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
COLLATERALIZED MORTGAGE OBLIGATIONS: (continued)
			United States: (continued)
	84,309		CHL Mortgage Pass-Through Trust 2005-17 1A8, 5.500%, 09/25/2035	$	84,289		0.0
	79,557		CHL Mortgage Pass-Through Trust 2005-J4 A7, 5.500%, 11/25/2035		79,929		0.0
	375,715		CHL Mortgage Pass-Through Trust 2007-7 A7, 5.750%, 06/25/2037		332,703		0.2
	119,922		Citigroup Mortgage Loan Trust, Inc. 2005-2 1A3, 3.807%, 05/25/2035		120,876		0.1
	385,745		CitiMortgage Alternative Loan Trust Series 2006-A3 1A7, 6.000%, 07/25/2036		374,366		0.2
	62,619		Countrywide Alternative Loan Trust 2005-53T2 2A6, 2.372%, (US0001M + 0.500%), 11/25/2035		38,723		0.0
	300,000		Countrywide Asset-Backed Certificates 2005-IM1 M1, 2.592%, (US0001M + 0.720%), 11/25/2035		295,948		0.1
	17,853	(1)	Deutsche ALT-A Securities, Inc. ALT2007-RS1 A2, 2.375%, (US0001M + 0.500%), 01/27/2037		11,126		0.0
	500,000		Fannie Mae Connecticut Avenue Securities 2017-C03 1M2, 4.872%, (US0001M + 3.000%), 10/25/2029		530,914		0.2
	500,000		Fannie Mae Connecticut Avenue Securities 2017-C05 1M2, 4.072%, (US0001M + 2.200%), 01/25/2030		506,994		0.2
	300,000		Fannie Mae Connecticut Avenue Securities 2017-C07 1M2, 4.272%, (US0001M + 2.400%), 05/25/2030		304,817		0.1
	600,000		Fannie Mae Connecticut Avenue Securities 2017-C07 2M2, 4.372%, (US0001M + 2.500%), 05/25/2030		609,980		0.3
	77,809	(5)	Fannie Mae Interest Strip Sereis 328 2, 6.000%, 12/25/2032		18,598		0.0
	40,130	(5)	Fannie Mae Interest Strip Sereis 332 2, 6.000%, 03/25/2033		9,845		0.0
	155,070	(5)	Fannie Mae Interest Strip Series 254 2, 7.500%, 01/25/2024		23,476		0.0
	25,718	(5)	Fannie Mae Interest Strip Series 294 2, 7.000%, 02/25/2028		5,755		0.0
	209,776	(5)	Fannie Mae Interest Strip Series 319 2, 6.500%, 02/25/2032		46,295		0.0
	34,049	(5)	Fannie Mae Interest Strip Series 331 5, 6.000%, 02/25/2033		7,027		0.0
	33,245	(5)	Fannie Mae Interest Strip Series 334 12, 6.000%, 03/25/2033		7,884		0.0
	40,108	(5)	Fannie Mae Interest Strip Series 338 2, 5.500%, 07/25/2033		9,103		0.0
	17,303	(5)	Fannie Mae Interest Strip Series 356 10, 5.500%, 06/25/2035		3,743		0.0
	18,776	(5)	Fannie Mae Interest Strip Series 364 15, 6.000%, 09/25/2035		3,957		0.0
	555,415	(5)	Fannie Mae Interest Strip Series 418 5, 3.500%, 08/25/2043		94,735		0.0
	848,441	(5)	Fannie Mae Interest Strip Series 418 80, 3.500%, 08/25/2033		117,216		0.1
	13,384		Fannie Mae REMIC Trust 1999-14 MB, 6.500%, 04/25/2029		14,922		0.0
	19,932		Fannie Mae REMIC Trust 1999-54 LH, 6.500%, 11/25/2029		21,799		0.0
	17,776		Fannie Mae REMIC Trust 2001-80 ZB, 6.000%, 01/25/2032		19,644		0.0
	81,835	(5)	Fannie Mae REMIC Trust 2002-12 SB, 5.879%, (-1.000*US0001M + 7.750%), 07/25/2031		14,827		0.0
	46,783	(5)	Fannie Mae REMIC Trust 2002-2 SW, 5.879%, (-1.000*US0001M + 7.750%), 02/25/2032		8,753		0.0
	21,330		Fannie Mae REMIC Trust 2002-21 PE, 6.500%, 04/25/2032		23,675		0.0
	8,492		Fannie Mae REMIC Trust 2002-29 F, 2.872%, (US0001M + 1.000%), 04/25/2032		8,705		0.0
	30,442	(5)	Fannie Mae REMIC Trust 2002-41 S, 6.079%, (-1.000*US0001M + 7.950%), 07/25/2032		5,161		0.0
	2,613		Fannie Mae REMIC Trust 2002-64 FJ, 2.872%, (US0001M + 1.000%), 04/25/2032		2,679		0.0
	5,457		Fannie Mae REMIC Trust 2002-68 FH, 2.308%, (US0001M + 0.500%), 10/18/2032		5,482		0.0
	908,972	(5)	Fannie Mae REMIC Trust 2002-77 JS, 6.192%, (-1.000*US0001M + 8.000%), 12/18/2032		167,079		0.1
	24,683		Fannie Mae REMIC Trust 2002-84 FB, 2.872%, (US0001M + 1.000%), 12/25/2032		25,272		0.0

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
COLLATERALIZED MORTGAGE OBLIGATIONS: (continued)
			United States: (continued)
	24,680		Fannie Mae REMIC Trust 2003-11 FA, 2.872%, (US0001M + 1.000%), 09/25/2032	$	25,274		0.0
	5,222		Fannie Mae REMIC Trust 2003-116 FA, 2.272%, (US0001M + 0.400%), 11/25/2033		5,227		0.0
	31,556	(5)	Fannie Mae REMIC Trust 2003-13 IO, 7.000%, 03/25/2033		8,264		0.0
	25,060	(5)	Fannie Mae REMIC Trust 2003-26 IK, 7.000%, 04/25/2033		5,825		0.0
	17,589	(5)	Fannie Mae REMIC Trust 2003-52 NS, 5.229%, (-1.000*US0001M + 7.100%), 06/25/2023		1,232		0.0
	128,568	(5)	Fannie Mae REMIC Trust 2004-56 SE, 5.679%, (-1.000*US0001M + 7.550%), 10/25/2033		24,198		0.0
	35,402		Fannie Mae REMIC Trust 2005-25 PS, 19.925%, (-4.400*US0001M + 28.160%), 04/25/2035		54,201		0.0
	16,385	(5)	Fannie Mae REMIC Trust 2005-40 SB, 4.879%, (-1.000*US0001M + 6.750%), 05/25/2035		2,183		0.0
	75,388		Fannie Mae REMIC Trust 2005-71 DB, 4.500%, 08/25/2025		77,350		0.0
	112,127		Fannie Mae REMIC Trust 2005-74 DK, 16.514%, (-4.000*US0001M + 24.000%), 07/25/2035		163,495		0.1
	358,609		Fannie Mae REMIC Trust 2005-87 SB, 16.971%, (-3.667*US0001M + 23.833%), 10/25/2035		524,551		0.2
	276,163		Fannie Mae REMIC Trust 2006-104 ES, 24.093%, (-5.000*US0001M + 33.450%), 11/25/2036		461,242		0.2
	17,629		Fannie Mae REMIC Trust 2006-11 PS, 17.705%, (-3.667*US0001M + 24.567%), 03/25/2036		26,339		0.0
	46,834		Fannie Mae REMIC Trust 2006-46 SW, 17.337%, (-3.667*US0001M + 24.199%), 06/25/2036		68,600		0.0
	264,648	(5)	Fannie Mae REMIC Trust 2006-51 SA, 4.699%, (-1.000*US0001M + 6.570%), 06/25/2036		41,251		0.0
	88,596	(5)	Fannie Mae REMIC Trust 2006-90 SX, 5.359%, (-1.000*US0001M + 7.230%), 09/25/2036		14,947		0.0
	10,115,573	(5)	Fannie Mae REMIC Trust 2007-116 DI, 4.069%, (-1.000*US0001M + 5.940%), 01/25/2038		1,469,948		0.6
	76,192	(5)	Fannie Mae REMIC Trust 2007-88 XI, 4.669%, (-1.000*US0001M + 6.540%), 06/25/2037		12,699		0.0
	970,428	(5)	Fannie Mae REMIC Trust 2007-89 SB, 4.679%, (-1.000*US0001M + 6.550%), 09/25/2037		155,994		0.1
	2,147,368	(5)	Fannie Mae REMIC Trust 2007-94 SG, 4.579%, (-1.000*US0001M + 6.450%), 10/25/2037		340,782		0.2
	248,774		Fannie Mae REMIC Trust 2010-109 SN, 16.679%, (-5.000*US0001M + 25.000%), 10/25/2040		485,148		0.2
	149,389		Fannie Mae REMIC Trust 2010-155 PL, 5.000%, 07/25/2040		153,626		0.1
	3,898,903	(5)	Fannie Mae REMIC Trust 2011-55 SK, 4.689%, (-1.000*US0001M + 6.560%), 06/25/2041		645,363		0.3
	499	(5)	Fannie Mae REMIC Trust 2011-69 AI, 5.000%, 05/25/2018		–		–
	3,104,016	(5)	Fannie Mae REMIC Trust 2011-86 NS, 4.079%, (-1.000*US0001M + 5.950%), 09/25/2041		402,292		0.2
	2,058,707	(5)	Fannie Mae REMIC Trust 2012-10 US, 4.579%, (-1.000*US0001M + 6.450%), 02/25/2042		276,627		0.1
	1,624,886	(5)	Fannie Mae REMIC Trust 2012-110 JI, 4.000%, 06/25/2042		250,834		0.1
	5,335,095	(5)	Fannie Mae REMIC Trust 2012-133 PS, 4.329%, (-1.000*US0001M + 6.200%), 03/25/2042		626,756		0.3
	2,549,655	(5)	Fannie Mae REMIC Trust 2012-144 SB, 4.229%, (-1.000*US0001M + 6.100%), 01/25/2043		507,379		0.2
	2,860,867	(5)	Fannie Mae REMIC Trust 2012-27 SB, 4.109%, (-1.000*US0001M + 5.980%), 11/25/2041		372,879		0.2
	23,601		Fannie Mae REMIC Trust 2013-130 ST, 8.000%, (-16.000*US0001M + 64.000%), 05/25/2043		26,985		0.0
	1,703,555	(5)	Fannie Mae REMIC Trust 2013-64 LI, 3.000%, 06/25/2033		233,158		0.1
	9,446,256	(5)	Freddie Mac 3502 DL, 4.223%, (-1.000*US0001M + 6.000%), 01/15/2039		1,345,586		0.6
	47,346		Freddie Mac REMIC Trust 1360 PZ, 7.500%, 09/15/2022		50,639		0.0
	27,631		Freddie Mac REMIC Trust 1674 Z, 6.750%, 02/15/2024		29,493		0.0

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
COLLATERALIZED MORTGAGE OBLIGATIONS: (continued)
			United States: (continued)
	59,357		Freddie Mac REMIC Trust 1897 K, 7.000%, 09/15/2026	$	64,974		0.0
	10,397	(5)	Freddie Mac REMIC Trust 2035 PE, 7.000%, 03/15/2028		2,258		0.0
	54,027	(5)	Freddie Mac REMIC Trust 2049 PL, 7.000%, 04/15/2028		11,089		0.0
	25,621		Freddie Mac REMIC Trust 2122 F, 2.227%, (US0001M + 0.450%), 02/15/2029		25,748		0.0
	87,236	(5)	Freddie Mac REMIC Trust 2134 SB, 5.923%, (-1.000*US0001M + 7.700%), 03/15/2029		12,517		0.0
	95,528	(5)	Freddie Mac REMIC Trust 2136 SG, 5.873%, (-1.000*US0001M + 7.650%), 03/15/2029		14,783		0.0
	125,352	(5)	Freddie Mac REMIC Trust 2177 SB, 7.173%, (-1.000*US0001M + 8.950%), 08/15/2029		23,415		0.0
	13,649		Freddie Mac REMIC Trust 2344 FP, 2.727%, (US0001M + 0.950%), 08/15/2031		14,030		0.0
	6,424		Freddie Mac REMIC Trust 2412 GF, 2.727%, (US0001M + 0.950%), 02/15/2032		6,606		0.0
	49,080		Freddie Mac REMIC Trust 2415 ZA, 6.500%, 02/15/2032		55,923		0.0
	38,497		Freddie Mac REMIC Trust 2461 PZ, 6.500%, 06/15/2032		42,051		0.0
	7,444		Freddie Mac REMIC Trust 2464 FI, 2.777%, (US0001M + 1.000%), 02/15/2032		7,624		0.0
	7,636		Freddie Mac REMIC Trust 2470 LF, 2.777%, (US0001M + 1.000%), 02/15/2032		7,821		0.0
	10,325		Freddie Mac REMIC Trust 2471 FD, 2.777%, (US0001M + 1.000%), 03/15/2032		10,577		0.0
	8,394		Freddie Mac REMIC Trust 2504 FP, 2.277%, (US0001M + 0.500%), 03/15/2032		8,438		0.0
	33,566		Freddie Mac REMIC Trust 2551 LF, 2.277%, (US0001M + 0.500%), 01/15/2033		33,769		0.0
	91,529		Freddie Mac REMIC Trust 2676 KY, 5.000%, 09/15/2023		95,572		0.0
	417,515		Freddie Mac REMIC Trust 2750 XG, 5.000%, 02/15/2034		443,457		0.2
	359,261		Freddie Mac REMIC Trust 2890 PE, 5.000%, 11/15/2034		384,689		0.2
	69,991		Freddie Mac REMIC Trust 3001 HT, 8.000%, (-6.667*US0001M + 44.667%), 05/15/2035		77,654		0.0
	77,701	(5)	Freddie Mac REMIC Trust 3004 SB, 4.373%, (-1.000*US0001M + 6.150%), 07/15/2035		8,170		0.0
	15,931		Freddie Mac REMIC Trust 3025 SJ, 18.236%, (-3.667*US0001M + 24.750%), 08/15/2035		23,430		0.0
	1,048,477	(5)	Freddie Mac REMIC Trust 3223 S, 4.173%, (-1.000*US0001M + 5.950%), 10/15/2036		118,866		0.1
	2,702,907	(5)	Freddie Mac REMIC Trust 3505 SA, 4.223%, (-1.000*US0001M + 6.000%), 01/15/2039		398,184		0.2
	2,988,611	(5)	Freddie Mac REMIC Trust 3702 S, 2.673%, (-1.000*US0001M + 4.450%), 05/15/2036		219,657		0.1
	2,349,359	(5)	Freddie Mac REMIC Trust 3710 SL, 4.223%, (-1.000*US0001M + 6.000%), 05/15/2036		105,266		0.1
	170,113	(5)	Freddie Mac REMIC Trust 3803 SG, 4.823%, (-1.000*US0001M + 6.600%), 08/15/2028		2,833		0.0
	3,042,480	(5)	Freddie Mac REMIC Trust 3925 SD, 4.273%, (-1.000*US0001M + 6.050%), 07/15/2040		347,751		0.2
	1,594,628	(5)	Freddie Mac REMIC Trust 4136 SW, 4.473%, (-1.000*US0001M + 6.250%), 11/15/2032		229,411		0.1
	715,082	(5)	Freddie Mac REMIC Trust 4161 CI, 4.000%, 02/15/2043		125,264		0.1
	10,905,250	(5)	Freddie Mac REMIC Trust 4194 GI, 4.000%, 04/15/2043		1,876,708		0.8
	1,288,295	(5)	Freddie Mac Series 4120 IK, 3.000%, 10/15/2032		167,955		0.1
	100,000		Freddie Mac Structured Agency Credit Risk Debt Notes 2015-DNA3 M3, 6.572%, (US0001M + 4.700%), 04/25/2028		119,655		0.1
	400,000		Freddie Mac Structured Agency Credit Risk Debt Notes 2017-DNA3 M2, 4.372%, (US0001M + 2.500%), 03/25/2030		410,517		0.2
	600,000		Freddie Mac Structured Agency Credit Risk Debt Notes 2017-HQA2 M2, 4.522%, (US0001M + 2.650%), 12/25/2029		619,330		0.3
	78,616		Freddie Mac Whole Loan Securities Trust 2016-SC02 M1, 3.602%, 10/25/2046		78,738		0.0

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
COLLATERALIZED MORTGAGE OBLIGATIONS: (continued)
			United States: (continued)
	457,840		Ginnie Mae Series 2007-8 SP, 16.141%, (-3.242*US0001M + 22.050%), 03/20/2037	$	631,113		0.3
	2,409,713	(5)	Ginnie Mae Series 2010-165 IP, 4.000%, 04/20/2038		99,755		0.0
	2,501,014	(5)	Ginnie Mae Series 2010-68 MS, 4.028%, (-1.000*US0001M + 5.850%), 06/20/2040		345,274		0.2
	1,796,352	(5)	Ginnie Mae Series 2012-97 SC, 4.914%, (-1.000*US0001M + 6.700%), 07/16/2041		283,012		0.1
	272,528		GreenPoint Mortgage Funding Trust 2006-AR3 4A1, 2.082%, (US0001M + 0.210%), 04/25/2036		250,294		0.1
	70,973		GSR Mortgage Loan Trust 2005-AR6 1A4, 3.731%, 09/25/2035		73,233		0.0
	708,418		IndyMac INDX Mortgage Loan Trust 2006-AR2 1A1B, 2.082%, (US0001M + 0.210%), 04/25/2046		658,038		0.3
	683,100		JP Morgan Mortgage Trust 2005-A4 B1, 3.569%, 07/25/2035		617,386		0.3
	99,814		JP Morgan Mortgage Trust 2007-A1 7A1, 3.722%, 07/25/2035		100,190		0.1
	295,945	(1)	JP Morgan Mortgage Trust 2017-3 B1, 3.872%, 08/25/2047		295,882		0.1
	144,321		Lehman XS Trust Series 2005-5N 1A2, 2.232%, (US0001M + 0.360%), 11/25/2035		128,755		0.1
	108,052		MASTR Adjustable Rate Mortgages Trust 2006-2 1A1, 3.755%, 04/25/2036		107,789		0.1
	2,453,853		RALI Series Trust 2006-QO1 X2, 2.167%, 02/25/2046		225,309		0.1
	98,230	(1)	Sequoia Mortgage Trust 2018-CH1 A19, 4.000%, 02/25/2048		99,919		0.0
	753,113		TBW Mortgage-Backed Trust 2007-2 A1A, 5.965%, 07/25/2037		468,049		0.2
	8,614,864	(5)	WaMu Mortgage Pass-Through Certificates Series 2005-AR11 X, 1.083%, 08/25/2045		225,002		0.1
	54,262		WaMu Mortgage Pass-Through Certificates Series 2006-AR12 1A1, 3.323%, 10/25/2036		53,013		0.0
	921,515		WaMu Mortgage Pass-Through Certificates Series 2006-AR16 3A1, 3.071%, 12/25/2036		900,614		0.4
	201,533		WaMu Mortgage Pass-Through Certificates Series 2006-AR8 1A4, 3.303%, 08/25/2046		190,789		0.1
	410,615		WaMu Mortgage Pass-Through Certificates Series 2007-HY2 1A1, 3.254%, 12/25/2036		395,587		0.2
	117,255		WaMu Mortgage Pass-Through Certificates Series 2007-HY4 1A1, 2.917%, 04/25/2037		107,103		0.1
	136,121		Wells Fargo Alternative Loan 2007-PA2 2A1, 2.302%, (US0001M + 0.430%), 06/25/2037		114,609		0.1
	65,465		Wells Fargo Mortgage Backed Securities 2005-AR16 2A1, 3.807%, 02/25/2034		67,330		0.0
	161,321		Wells Fargo Mortgage Backed Securities 2006-8 A15, 6.000%, 07/25/2036		162,850		0.1
	203,106		Wells Fargo Mortgage Backed Securities 2006-AR17 A1, 3.631%, 10/25/2036		199,113		0.1
	43,808		Wells Fargo Mortgage Backed Securities 2006-AR17 A2, 3.631%, 10/25/2036		42,946		0.0
	259,206		Wells Fargo Mortgage Backed Securities 2006-AR7 2A1, 3.410%, 05/25/2036		264,579		0.1
	259,256		Wells Fargo Mortgage Backed Securities 2006-AR8 3A2, 3.772%, 04/25/2036		257,559		0.1
	190,314	(1)	WinWater Mortgage Loan Trust 2015-5 B4, 3.798%, 08/20/2045		184,280		0.1
		Total Collateralized Mortgage Obligations
		(Cost $27,744,511)			27,879,676		12.2
STRUCTURED PRODUCTS: 0.0%
			Russia: 0.0%
RUB	4,889,296	(4)	Morgan Stanley & Co. International PLC - EM Whole Loan SA /Russian Federation Total Return Linked Bonds, Series 007, Cl. VR, 0.490%, 08/22/2034		38,289		0.0
		Total Structured Products
		(Cost $174,740)			38,289		0.0
U.S. GOVERNMENT AGENCY OBLIGATIONS: 1.1%
			Federal Home Loan Mortgage Corporation: 0.5%(6)
	216,943		4.000%, 09/01/2045		223,686		0.1
	326,338		4.000%, 09/01/2045		336,468		0.1

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
U.S. GOVERNMENT AGENCY OBLIGATIONS: (continued)
			Federal Home Loan Mortgage Corporation: (continued)
	165,286		4.000%, 09/01/2045	$	170,406		0.1
	119,666		4.000%, 09/01/2045		123,381		0.1
	244,821		4.000%, 05/01/2046		252,427		0.1
	1,579		5.000%, 01/01/2020		1,609		0.0
	6,276		5.000%, 02/01/2020		6,386		0.0
	12,022		5.000%, 12/01/2034		12,960		0.0
	41,381		6.000%, 02/01/2034		46,457		0.0
	6,623		6.500%, 02/01/2022		7,044		0.0
	7,863		6.500%, 09/01/2022		8,271		0.0
	3,147		6.500%, 08/01/2032		3,546		0.0
	6,947		6.500%, 07/01/2034		7,831		0.0
	6,434		6.500%, 07/01/2034		7,249		0.0
					1,207,721		0.5
			Federal National Mortgage Association: 0.5%(6)
	69,085		2.500%, 06/01/2030		67,963		0.0
	100,595		2.500%, 06/01/2030		98,961		0.1
	41,764		2.500%, 07/01/2030		41,085		0.0
	160,664		3.583%, 10/01/2036		169,095		0.1
	189,190		4.000%, 05/01/2045		194,599		0.1
	79,436		5.000%, 06/01/2041		85,952		0.0
	3,813		5.500%, 09/01/2019		3,851		0.0
	3,658		5.500%, 09/01/2019		3,692		0.0
	23,650		5.500%, 09/01/2024		25,688		0.0
	3,213		6.000%, 05/01/2021		3,284		0.0
	92,790		6.000%, 11/01/2034		104,279		0.1
	147,506		6.000%, 04/01/2035		165,884		0.1
	68,020		6.500%, 12/01/2029		75,971		0.0
	28,414		6.500%, 01/01/2034		31,738		0.0
	283		7.000%, 04/01/2033		299		0.0
	22,928		7.500%, 09/01/2032		26,592		0.0
	51,608		7.500%, 01/01/2033		59,791		0.0
					1,158,724		0.5
			Government National Mortgage Association: 0.1%
	44,182		5.000%, 04/15/2034		47,488		0.1
	19,405		6.500%, 02/20/2035		22,079		0.0
					69,567		0.1
		Total U.S. Government Agency Obligations
		(Cost $2,428,154)			2,436,012		1.1
FOREIGN GOVERNMENT BONDS: 8.4%
			Brazil: 0.3%
BRL	705,000		Brazil Notas do Tesouro Nacional Series F, 6.000%, 05/15/2045		745,050		0.3
			Germany: 1.2%
EUR	1,010,000		Bundesobligation, -0.380%, 10/08/2021		1,259,392		0.6
EUR	170,000		Bundesrepublik Deutschland Bundesanleihe, 0.310%, 08/15/2026		203,764		0.1
EUR	10,000		Bundesrepublik Deutschland Bundesanleihe, 2.000%, 08/15/2023		13,678		0.0
EUR	620,000		Bundesrepublik Deutschland Bundesanleihe, 2.500%, 08/15/2046		1,020,306		0.4
EUR	190,000		Bundesschatzanweisungen, -0.680%, 12/14/2018		234,908		0.1
					2,732,048		1.2
			Hungary: 0.3%
EUR	650,000		Hungary Government International Bond, 1.750%, 10/10/2027		817,242		0.3
			Indonesia: 0.2%
IDR	5,665,000,000		Indonesia Treasury Bond, 7.500%, 08/15/2032		422,277		0.2
			Italy: 6.0%
EUR	4,840,000		Italy Buoni Poliennali Del Tesoro, 2.200%, 06/01/2027		6,230,427		2.7
EUR	4,900,000		Italy Buoni Poliennali Del Tesoro, 4.500%, 03/01/2026		7,426,077		3.3
					13,656,504		6.0
			Russia: 0.4%
RUB	51,720,000		Russian Federal Bond - OFZ, 7.500%, 08/18/2021		933,005		0.4
		Total Foreign Government Bonds
		(Cost $17,767,794)			19,306,126		8.4
COMMERCIAL MORTGAGE-BACKED SECURITIES: 9.5%
			United States: 9.5%
	7,003,063	(5)	BANK 2017-BNK5 XA, 1.101%, 06/15/2060		487,098		0.2
	900,000	(1)	BANK 2017-BNK6 E, 2.656%, 07/15/2060		526,691		0.2
	138,080		Banc of America Commercial Mortgage Trust 2007-3 B, 5.581%, 06/10/2049		139,897		0.1
	390,000		Banc of America Commercial Mortgage Trust 2007-3 C, 5.581%, 06/10/2049		398,877		0.2
	8,851,354	(5)	Banc of America Commercial Mortgage Trust 2017-BNK3 XA, 1.142%, 02/15/2050		652,694		0.3
	2,065,643	(5)	Barclays Commercial Mortgage Trust 2017-C1 XA, 1.521%, 02/15/2050		207,507		0.1
	8,020,000	(1),(5)	BBCCRE Trust 2015-GTP XA, 0.597%, 08/10/2033		334,386		0.1
	440,000	(1)	Bear Stearns Commercial Mortgage Securities Trust 2004-PWR6 E, 5.406%, 11/11/2041		450,683		0.2

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
COMMERCIAL MORTGAGE-BACKED SECURITIES: (continued)
			United States: (continued)
	140,000	(1)	Bear Stearns Commercial Mortgage Securities Trust 2006-TOP22 E, 5.760%, 04/12/2038	$	145,489		0.1
	382,284	(1)	Beckman Coulter, Inc. 2000-A A, 7.498%, 12/15/2018		381,868		0.2
	1,868,391	(5)	CD 2016-CD1 Mortgage Trust XA, 1.434%, 08/10/2049		162,840		0.1
	8,959,339	(5)	CFCRE Commercial Mortgage Trust 2016-C7 XA, 0.785%, 12/10/2054		478,498		0.2
	7,900,000	(5)	Citigroup Commercial Mortgage Trust 2016-C2 XB, 0.850%, 08/10/2049		493,818		0.2
	3,243,044	(5)	Citigroup Commercial Mortgage Trust 2017-C4 XA, 1.125%, 10/12/2050		244,700		0.1
	210,000		Citigroup Commercial Mortgage Trust 2017-P8 C, 4.272%, 09/15/2050		209,401		0.1
	3,429,261	(5)	COMM 2012-CR1 XA, 1.876%, 05/15/2045		212,500		0.1
	10,086,028	(1),(5)	COMM 2012-LTRT XA, 0.995%, 10/05/2030		339,325		0.1
	10,237,454	(5)	COMM 2013-CCRE13 XA, 0.901%, 11/10/2046		316,929		0.1
	14,202,252	(5)	COMM 2014-CR16 XA, 1.163%, 04/10/2047		609,350		0.3
	570,000		COMM 2016-COR1 C, 4.394%, 10/10/2049		563,828		0.2
	4,461,760	(5)	COMM 2016-CR28 XA, 0.541%, 02/10/2049		174,999		0.1
	1,000,000		COMM 2017-COR2 C, 4.563%, 09/10/2050		1,008,854		0.4
	13,527,847	(5)	CSAIL 2017-CX9 XA Commercial Mortgage Trust, 0.902%, 09/15/2050		669,973		0.3
	300,000	(1),(7)	DBRR Re-REMIC Trust 2015-FRR1 B711, 0.000%, 08/28/2045		280,474		0.1
	2,010,465	(1),(5)	DBUBS 2011-LC1A XA, 0.723%, 11/10/2046		27,821		0.0
	210,000	(1)	DBUBS 2011-LC2A D, 5.565%, 07/10/2044		216,929		0.1
	290,000	(1)	DBJPM 16-C3 Mortgage Trust, 3.494%, 09/10/2049		248,294		0.1
	3,560,000	(5)	Freddie Mac Multifamily Structured Pass Through Certificates K010 X3, 4.623%, 11/25/2044		388,245		0.2
	3,840,000	(5)	Freddie Mac Multifamily Structured Pass Through Certificates K013 X3, 2.814%, 01/25/2043		283,936		0.1
	8,333,154	(5)	Freddie Mac Multifamily Structured Pass Through Certificates K018 X1, 1.367%, 01/25/2022		342,907		0.1
	10,000,000	(5)	Freddie Mac Multifamily Structured Pass Through Certificates K035 X3, 1.792%, 12/25/2041		831,897		0.4
	6,654,975	(5)	Freddie Mac Multifamily Structured Pass Through Certificates K704 X1, 1.973%, 08/25/2018		19,141		0.0
	28,321,551	(5)	Freddie Mac Multifamily Structured Pass Through Certificates K710 X1, 1.731%, 05/25/2019		415,160		0.2
	4,423,190	(5)	Freddie Mac Multifamily Structured Pass Through Certificates K711 X3, 1.619%, 08/25/2040		95,388		0.0
	40,976,314	(1),(5)	FREMF Mortgage Trust 2012-K17 X2A, 0.100%, 12/25/2044		118,426		0.1
	243,589	(1)	GCCFC Commercial Mortgage Trust 2004-GG1 F, 6.298%, 06/10/2036		241,804		0.1
	100,000	(1)	GS Mortgage Securities Trust 2010-C2 F, 4.548%, 12/10/2043		89,895		0.0
	2,312,279	(5)	GS Mortgage Securities Trust 2012-GCJ7 XA, 2.220%, 05/10/2045		131,708		0.1
	5,557,653	(5)	GS Mortgage Securities Trust 2013-GC16 XA, 1.388%, 11/10/2046		210,308		0.1
	4,970,359	(5)	GS Mortgage Securities Trust 2013-GCJ14 XA, 0.713%, 08/10/2046		135,919		0.1
	1,350,000	(1)	GS Mortgage Securities Trust 2016-GS4 E, 3.803%, 11/10/2049		942,653		0.4
	2,325,570	(5)	GS Mortgage Securities Trust 2017-GS6 XA, 1.051%, 05/10/2050		179,969		0.1
	2,940,000	(1),(5)	JP Morgan Chase Commercial Mortgage Securities Corp. 2012-LC9 XB, 0.328%, 12/15/2047		42,474		0.0
	270,000		JP Morgan Chase Commercial Mortgage Securities Trust 2004-CIBC9 E, 5.346%, 06/12/2041		269,859		0.1
	6,455,457	(5)	JP Morgan Chase Commercial Mortgage Securities Trust 2012-CIBX XA, 1.653%, 06/15/2045		278,475		0.1
	250,000		JP Morgan Chase Commercial Mortgage Securities Trust 2013-C10 C, 4.142%, 12/15/2047		245,954		0.1
	660,000		JPMBB Commercial Mortgage Securities Trust 2014-C18 AS, 4.439%, 02/15/2047		687,707		0.3

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
COMMERCIAL MORTGAGE-BACKED SECURITIES: (continued)
			United States: (continued)
	729,036	(1)	JPMBB Commercial Mortgage Securities Trust 2014-C24 ESK, 9.989%, 11/15/2047	$	722,113		0.3
	13,449,247	(5)	JPMBB Commercial Mortgage Securities Trust 2014-C24 XA, 1.045%, 11/15/2047		541,234		0.2
	360,000		LB-UBS Commercial Mortgage Trust 2005-C3 F, 5.013%, 07/15/2040		353,237		0.2
	3,488,736	(1),(5)	LSTAR Commercial Mortgage Trust 2017-5 X, 1.233%, 03/10/2050		170,089		0.1
	18,750,000	(1),(5)	Morgan Stanley Bank of America Merrill Lynch Trust 2014 C19 XB, 0.439%, 12/15/2047		549,606		0.2
	570,000	(1)	Morgan Stanley Capital I Trust 2011-C1 D, 5.427%, 09/15/2047		593,649		0.3
	460,000	(1)	Morgan Stanley Capital I Trust 2011-C1 E, 5.427%, 09/15/2047		478,094		0.2
	152,636	(1)	Morgan Stanley Reremic Trust 2012-XA B, 0.250%, 07/27/2049		149,929		0.1
	5,324,899	(1),(5)	UBS-Barclays Commercial Mortgage Trust 2012-C3 XA, 1.889%, 08/10/2049		365,391		0.2
	7,130,665	(5)	Wells Fargo Commercial Mortgage Trust 2016-C37, 1.028%, 12/15/2049		391,526		0.2
	3,401,989	(1),(5)	WFRBS Commercial Mortgage Trust 2012-C8 XA, 1.849%, 08/15/2045		213,238		0.1
	550,000	(1)	WFRBS Commercial Mortgage Trust 2013-C11 F, 4.272%, 03/15/2045		422,095		0.2
	860,000	(1)	WFRBS Commercial Mortgage Trust 2013-C11 G, 4.272%, 03/15/2045		331,480		0.1
	1,199,241	(1),(5)	WFRBS Commercial Mortgage Trust 2013-C12 XA, 1.279%, 03/15/2048		58,006		0.0
	10,186,447	(5)	WFRBS Commercial Mortgage Trust 2014-C19 XA, 1.123%, 03/15/2047		462,140		0.2
		Total Commercial Mortgage-Backed Securities
		(Cost $21,903,828)			21,737,375		9.5
U.S. TREASURY OBLIGATIONS: 7.3%
			U.S. Treasury Bonds: 3.7%
	5,337,000		2.750%, 02/15/2028		5,336,423		2.3
	3,320,000		2.750%, 11/15/2047		3,167,491		1.4
					8,503,914		3.7
			U.S. Treasury Notes: 3.6%
	30,000		1.250%, 10/31/2021		28,750		0.0
	1,012,000		1.625%, 03/31/2019		1,006,999		0.4
	220,000		1.625%, 10/31/2023		208,753		0.1
	1,136,000	(2)	2.250%, 02/29/2020		1,135,451		0.5
	705,000		2.250%, 03/31/2020		704,622		0.3
	2,190,000		2.375%, 03/15/2021		2,188,884		1.0
	707,000		2.500%, 03/31/2023		704,349		0.3
	1,137,000	(2)	2.625%, 02/28/2023		1,140,196		0.5
	1,125,000		2.750%, 02/28/2025		1,129,196		0.5
					8,247,200		3.6
		Total U.S. Treasury Obligations
		(Cost $16,615,811)			16,751,114		7.3
ASSET-BACKED SECURITIES: 5.0%
			Cayman Islands: 3.9%
	350,000	(1)	ALM VII R-2 Ltd. 2013-7R2A A2R, 3.722%, (US0003M + 2.000%), 10/15/2027		351,531		0.2
	240,000	(1)	Apidos CLO XI 2012-11A BR, 3.681%, (US0003M + 1.950%), 01/17/2028		240,860		0.1
	210,000	(1)	Apidos CLO XVII 2014-17A A2R, 3.581%, (US0003M + 1.850%), 04/17/2026		210,058		0.1
	370,000	(1)	Apidos CLO XVII 2014-17A BR, 4.231%, (US0003M + 2.500%), 04/17/2026		370,160		0.2
	250,000	(1)	ArrowMark Colorado Holdings 2017-7A C, 3.504%, (US0003M + 1.900%), 07/15/2030		250,630		0.1
	250,000	(1)	Avery Point IV CLO Ltd. 2014-1A CR, 4.095%, (US0003M + 2.350%), 04/25/2026		250,173		0.1
	250,000	(1)	Babson CLO Ltd. 2014-IA BR, 3.945%, (US0003M + 2.200%), 07/20/2025		250,103		0.1
	510,000	(1)	BlueMountain CLO 2012-2A BR, 3.785%, (US0003M + 1.900%), 11/20/2028		511,966		0.2
	330,000	(1)	BlueMountain CLO 2014-4A B1R, 3.834%, (US0003M + 1.850%), 11/30/2026		330,305		0.2
	300,000	(1)	BlueMountain CLO 2014-4A CR, 4.534%, (US0003M + 2.550%), 11/30/2026		301,301		0.1
	640,000	(1)	Bristol Park CLO Ltd. 2016-1A B, 3.622%, (US0003M + 1.900%), 04/15/2029		644,077		0.3
	290,000	(1)	Carlyle Global Market Strategies CLO Ltd. 2012-4A BR, 3.645%, (US0003M + 1.900%), 01/20/2029		291,414		0.1
	250,000	(1)	Carlyle Global Market Strategies CLO Ltd. 2014-3A BR, 3.910%, (US0003M + 2.150%), 07/27/2026		250,126		0.1
	250,000	(1)	Cedar Funding II CLO Ltd. 2013-1A CR, 4.407%, (US0003M + 2.350%), 06/09/2030		251,175		0.1

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
ASSET-BACKED SECURITIES: (continued)
			Cayman Islands: (continued)
	500,000	(1)	Cedar Funding IV CLO Ltd. 2014-4A CR, 3.995%, (US0003M + 2.250%), 07/23/2030	$	501,044		0.2
	520,000	(1)	Dryden 33 Senior Loan Fund 2014-33A BR, 3.572%, (US0003M + 1.850%), 10/15/2028		522,271		0.2
	250,000	(1)	Madison Park Funding XI Ltd. 2013-11A CR, 3.945%, (US0003M + 2.200%), 07/23/2029		250,434		0.1
	250,000	(1)	Madison Park Funding XXVII Ltd. 2018-27A B, 3.847%, (US0003M + 1.800%), 04/20/2030		250,243		0.1
	250,000	(1)	Octagon Investment Partners XIX Ltd. 2014-1A CR, 3.822%, (US0003M + 2.100%), 04/15/2026		250,022		0.1
	250,000	(1)	Palmer Square CLO 2015-2A BR Ltd., 4.145%, (US0003M + 2.400%), 07/20/2030		252,127		0.1
	575,000	(1)	Palmer Square Loan Funding 2017-1A D Ltd., 6.572%, (US0003M + 4.850%), 10/15/2025		566,657		0.3
	250,000	(1)	Palmer Square Loan Funding 2018-1A C Ltd., 4.073%, (US0003M + 1.850%), 04/15/2026		249,998		0.1
	266,000	(1)	Recette CLO Ltd. 2015-1A CR, 3.445%, (US0003M + 1.700%), 10/20/2027		266,118		0.1
	250,000	(1)	Thacher Park CLO Ltd. 2014-1A CR, 3.945%, (US0003M + 2.200%), 10/20/2026		250,103		0.1
	250,000	(1)	THL Credit Wind River 2013-2A CR CLO Ltd., 3.734%, (US0003M + 2.000%), 10/18/2030		250,756		0.1
	560,000	(1)	THL Credit Wind River 2017-3A C CLO Ltd., 3.922%, (US0003M + 2.200%), 10/15/2030		564,229		0.3
	250,000	(1)	THL Credit Wind River 2017-4A C CLO Ltd., 3.635%, (US0003M + 1.750%), 11/20/2030		250,035		0.1
					8,927,916		3.9
			United States: 1.1%
	338,364	(8)	Citigroup Mortgage Loan Trust 2006-WF1 A2E, 4.979%, 03/25/2036		247,412		0.1
	1,040,000	(1)	Invitation Homes 2018-SFR1 D Trust, 3.258%, (US0001M + 1.450%), 03/17/2037		1,048,627		0.5
	200,000	(1)	Mill City Mortgage Loan Trust 2017-2 M2, 3.250%, 07/25/2059		194,950		0.1
	640,000	(1)	OHA Loan Funding Ltd. 2016-1A B1, 3.545%, (US0003M + 1.800%), 01/20/2028		642,600		0.3
	300,000	(1)	Towd Point Mortgage Trust 2017-6 M2, 3.250%, 10/25/2057		284,854		0.1
					2,418,443		1.1
		Total Asset-Backed Securities
		(Cost $11,329,518)			11,346,359		5.0

Shares				Value		Percentage of Net Assets
COMMON STOCK: 0.0%
			United States: 0.0%
	43,083	(2),(4),(9)	American Media, Inc.		–		–
	4,988	(9)	Resolute Forest Products, Inc.		41,401		0.0
		Total Common Stock
		(Cost $1,298,014)			41,401		0.0
MUTUAL FUNDS: 23.9%
			United States: 23.9%
	1,080,405		Voya Emerging Markets Corporate Debt Fund - Class P		10,609,578		4.6
	1,643,037		Voya Emerging Markets Hard Currency Debt Fund - Class P		15,838,881		6.9
	3,155,317		Voya Emerging Markets Local Currency Debt Fund - Class P		25,337,198		11.1
	362,765		Voya High Yield Bond Fund - Class P		2,865,842		1.3
		Total Mutual Funds
		(Cost $60,178,921)			54,651,499		23.9

		Value		Percentage of Net Assets
PURCHASED OPTIONS (10): 4.2%
	Total Purchased Options
	(Cost $10,215,345)		9,697,181		4.2
	Total Long-Term Investments
	(Cost $229,100,632)		222,815,524		97.4

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 5.2%
		Commercial Paper: 1.9%
	4,500,000	Exelon, 3.200%, 04/04/2018
		(Cost $4,499,081)		4,498,445		1.9

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: (continued)
		Securities Lending Collateral(11): 1.8%
	88,006	Bank of Nova Scotia, Repurchase Agreement dated 03/29/18, 1.77%, due 04/02/18 (Repurchase Amount $88,023, collateralized by various U.S. Government Securities, 0.000%-4.500%, Market Value plus accrued interest $89,771, due 04/19/18-09/09/49)	$	88,006		0.1
	1,000,000	Cantor Fitzgerald Securities, Repurchase Agreement dated 03/29/18, 1.80%, due 04/02/18 (Repurchase Amount $1,000,197, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-9.500%, Market Value plus accrued interest $1,020,000, due 03/31/18-02/20/68)		1,000,000		0.5
	1,000,000	Daiwa Capital Markets, Repurchase Agreement dated 03/29/18, 1.81%, due 04/02/18 (Repurchase Amount $1,000,198, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-6.500%, Market Value plus accrued interest $1,020,000, due 04/30/18-12/01/51)		1,000,000		0.4
	1,000,000	NBC Global Finance Ltd., Repurchase Agreement dated 03/29/18, 1.71%, due 04/02/18 (Repurchase Amount $1,000,187, collateralized by various U.S. Government Securities, 0.000%-3.625%, Market Value plus accrued interest $1,020,000, due 06/30/19-09/09/49)		1,000,000		0.4
	1,000,000	RBC Dominion Securities Inc., Repurchase Agreement dated 03/29/18, 1.80%, due 04/02/18 (Repurchase Amount $1,000,197, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-5.000%, Market Value plus accrued interest $1,020,000, due 06/28/18-12/20/47)		1,000,000		0.4
				4,088,006		1.8

Shares				Value			Percentage of Net Assets
			Mutual Funds: 1.5%
	3,371,000	(12)	BlackRock Liquidity Funds, FedFund, Institutional Class, 1.550%
			(Cost $3,371,000)		3,371,000			1.5
		Total Short-Term Investments
		(Cost $11,958,087)			11,957,451			5.2
		Total Investments in Securities (Cost $241,058,719)		$	234,772,975			102.6
		Liabilities in Excess of Other Assets			(6,022,979	)		(2.6	)
		Net Assets		$	228,749,996			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)	Security, or a portion of the security, is on loan.
(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)	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.
(7)	Represents a zero coupon bond. Rate shown reflects the effective yield as of March 31, 2018.
(8)	Step Bond. Interest rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Rate shown is the rate in effect as of March 31, 2018.
(9)	Non-income producing security.

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

(10)	The tables below the Portfolio of Investments detail open purchased options which are non-income producing securities.
(11)	Represents securities purchased with cash collateral received for securities on loan.
(12)	Rate shown is the 7-day yield as of March 31, 2018.

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		23.9	%
Collateralized Mortgage Obligations		12.2
Commercial Mortgage-Backed Securities		9.5
Foreign Government Bonds		8.4
Financial		8.1
U.S. Treasury Obligations		7.3
Other Asset-Backed Securities		4.9
Communications		4.5
Consumer, Non-cyclical		4.2
Purchased Options		4.2
Energy		3.2
Utilities		1.9
Consumer, Cyclical		1.7
U.S. Government Agency Obligations		1.1
Technology		0.8
Industrial		0.7
Basic Materials		0.7
Asset-Backed Securities		0.1
Structured Products		0.0
Materials		0.0
Consumer Discretionary		0.0
Short-Term Investments		5.2
Liabilities in Excess of Other Assets		(2.6	)
Net Assets		100.0	%

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Common Stock
United States	$	41,401	$	–	$	–	$	41,401
Total Common Stock		41,401		–		–		41,401
Mutual Funds		54,651,499		–		–		54,651,499
Purchased Options		–		9,697,181		–		9,697,181
Corporate Bonds/Notes		–		58,925,044		5,448		58,930,492
Collateralized Mortgage Obligations		–		27,879,676		–		27,879,676
Structured Products		–		–		38,289		38,289
Commercial Mortgage-Backed Securities		–		21,737,375		–		21,737,375
Asset-Backed Securities		–		11,346,359		–		11,346,359
Foreign Government Bonds		–		19,306,126		–		19,306,126

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (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 March 31, 2018
U.S. Treasury Obligations	$	–		$	16,751,114		$	–	$	16,751,114
U.S. Government Agency Obligations		–			2,436,012			–		2,436,012
Short-Term Investments		3,371,000			8,586,451			–		11,957,451
Total Investments, at fair value	$	58,063,900		$	176,665,338		$	43,737	$	234,772,975
Other Financial Instruments+
Centrally Cleared Swaps		–			7,477,514			–		7,477,514
Forward Foreign Currency Contracts		–			1,042,859			–		1,042,859
Forward Premium Swaptions		–			858,391			–		858,391
Futures		628,720			–			–		628,720
Total Assets	$	58,692,620		$	186,044,102		$	43,737	$	244,780,459
Liabilities Table
Other Financial Instruments+
Centrally Cleared Swaps	$	–		$	(1,999,999	)	$	–	$	(1,999,999	)
Forward Foreign Currency Contracts		–			(1,568,858	)		–		(1,568,858	)
Forward Premium Swaptions		–			(754,010	)		–		(754,010	)
Futures		(252,899	)		–			–		(252,899	)
Written Options		–			(11,986,370	)		–		(11,986,370	)
Total Liabilities	$	(252,899	)	$	(16,309,237	)	$	–	$	(16,562,136	)

+ Other Financial Instruments may include open forward foreign currency contracts, futures, centrally cleared swaps, OTC swaps and written options. Forward foreign currency contracts, futures and centrally cleared swaps are 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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost		Change in Unrealized Appreciation/(Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/(Losses)		Net Capital Gain Distributions
Voya Emerging Markets Corporate Debt Fund - Class P	$	10,763,054	$	136,041	$	–	$	(289,517	)	$	10,609,578	$	136,041	$	–	$	–
Voya Emerging Markets Hard Currency Debt Fund - Class P		16,140,338		190,563		–		(492,020	)		15,838,881		190,563		–		–
Voya Emerging Markets Local Currency Debt Fund - Class P		24,241,904		284,602		–		810,692			25,337,198		284,602		–		–
Voya High Yield Bond Fund - Class P		2,890,039		44,209		–		(68,406	)		2,865,842		44,209		–		–
	$	54,035,335	$	655,415	$	–	$	(39,251	)	$	54,651,499	$	655,415	$	–	$	–

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

At March 31, 2018, the following forward foreign currency contracts were outstanding for Voya Global Bond Portfolio:

Currency Purchased	Currency Sold	Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
CAD 2,981,083	USD 2,310,000	Barclays Bank PLC	04/20/18	$	4,641
GBP 3,557,443	USD 5,026,000	Barclays Bank PLC	04/20/18		(31,304	)
NOK 1,511,973	USD 192,000	Barclays Bank PLC	04/20/18		983
GBP 9,331,532	USD 12,876,148	Barclays Bank PLC	04/20/18		225,446
NOK 14,601,458	USD 1,886,000	Barclays Bank PLC	04/20/18		(22,319	)
NOK 4,711,323	USD 614,000	Barclays Bank PLC	04/20/18		(12,663	)
USD 1,110,000	EUR 901,048	Barclays Bank PLC	04/20/18		(36	)
AUD 749,189	USD 579,000	Barclays Bank PLC	04/20/18		(3,581	)
USD 848,000	GBP 598,419	Barclays Bank PLC	04/20/18		7,812
NOK 1,185,859	USD 154,000	Barclays Bank PLC	04/20/18		(2,641	)
AUD 407,633	USD 316,000	Barclays Bank PLC	04/20/18		(2,915	)
USD 1,325,000	SEK 10,787,405	Barclays Bank PLC	04/20/18		31,484
JPY 74,439,695	USD 701,000	Barclays Bank PLC	04/20/18		(663	)
USD 2,876,000	EUR 2,332,285	Barclays Bank PLC	04/20/18		2,768
USD 673,000	NOK 5,188,186	Barclays Bank PLC	04/20/18		10,797
USD 3,322,000	EUR 2,703,650	Barclays Bank PLC	04/20/18		(8,731	)
USD 823,000	GBP 584,264	Barclays Bank PLC	04/20/18		2,685
GBP 779,051	USD 1,096,000	Barclays Bank PLC	04/20/18		(2,202	)
USD 1,073,000	GBP 764,935	Barclays Bank PLC	04/20/18		(979	)
JPY 71,123,683	USD 670,000	Barclays Bank PLC	04/20/18		(861	)
GBP 1,063,223	USD 1,471,000	Barclays Bank PLC	04/20/18		21,779
SEK 14,865,926	USD 1,805,524	Barclays Bank PLC	04/20/18		(22,953	)
USD 1,011,057	HUF 259,305,226	Barclays Bank PLC	04/20/18		(11,472	)
USD 324,000	GBP 231,429	Barclays Bank PLC	04/20/18		(930	)
JPY 3,931,627,176	USD 37,420,087	Barclays Bank PLC	04/20/18		(430,910	)
USD 1,187,000	EUR 961,649	Barclays Bank PLC	04/20/18		2,307
USD 663,000	GBP 474,954	Barclays Bank PLC	04/20/18		(3,841	)
EUR 29,767,739	USD 36,770,421	Barclays Bank PLC	04/20/18		(98,394	)
CZK 11,755,051	USD 574,500	Barclays Bank PLC	04/20/18		(4,608	)
USD 1,149,000	CZK 23,502,427	Barclays Bank PLC	04/20/18		9,588
SEK 5,475,900	USD 667,000	Barclays Bank PLC	04/20/18		(10,386	)
CZK 11,743,389	USD 574,500	Barclays Bank PLC	04/20/18		(5,173	)
USD 1,948,000	AUD 2,490,406	Barclays Bank PLC	04/20/18		35,229
RUB 1,934,328	USD 33,669	Barclays Bank PLC	04/20/18		20

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Currency Purchased	Currency Sold	Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
USD 670,282	CLP 405,426,840	Barclays Bank PLC	05/18/18	$	(1,101	)
USD 1,620,834	MXN 31,008,344	Barclays Bank PLC	05/18/18		(72,712	)
USD 1,480,192	COP 4,271,936,773	Barclays Bank PLC	05/18/18		(47,004	)
USD 107,327	PHP 5,648,082	Barclays Bank PLC	07/13/18		206
KRW 3,175,658,700	USD 2,944,514	Barclays Bank PLC	07/13/18		53,295
USD 1,553,808	IDR 21,686,492,907	Barclays Bank PLC	07/13/18		(13,345	)
USD 2,333,000	PLN 8,122,951	BNP Paribas	04/20/18		(40,559	)
MXN 462,443	USD 24,107	BNP Paribas	05/18/18		1,150
USD 501,000	BRL 1,650,279	BNP Paribas	05/18/18		2,986
USD 1,877,469	TRY 7,253,931	Citibank N.A.	04/20/18		48,228
USD 1,646,000	NZD 2,246,205	Citibank N.A.	04/20/18		22,734
NOK 5,196,330	USD 675,000	Citibank N.A.	04/20/18		(11,758	)
USD 692,000	NOK 5,334,009	Citibank N.A.	04/20/18		11,185
USD 529,000	CHF 501,433	Citibank N.A.	04/20/18		3,756
USD 1,277,000	GBP 920,086	Citibank N.A.	04/20/18		(14,812	)
USD 2,070,000	NZD 2,822,019	Citibank N.A.	04/20/18		30,610
EUR 2,330,048	USD 2,892,000	Citibank N.A.	04/20/18		(21,524	)
EUR 2,427,603	USD 3,005,000	Citibank N.A.	04/20/18		(14,341	)
USD 952,000	CZK 19,643,149	Citibank N.A.	04/20/18		(312	)
GBP 483,594	USD 674,000	Citibank N.A.	04/20/18		4,972
USD 2,661,000	NZD 3,647,651	Citibank N.A.	04/20/18		24,951
USD 1,034,000	AUD 1,312,565	Citibank N.A.	04/20/18		25,877
EUR 1,292,589	USD 1,607,000	Citibank N.A.	04/20/18		(14,610	)
NOK 12,354,937	USD 1,592,000	Citibank N.A.	04/20/18		(15,057	)
AUD 2,263,905	USD 1,776,000	Citibank N.A.	04/20/18		(37,194	)
USD 1,228,000	EUR 994,246	Citibank N.A.	04/20/18		3,150
USD 969,000	NZD 1,329,908	Citibank N.A.	04/20/18		7,915
USD 881,000	AUD 1,132,613	Citibank N.A.	04/20/18		11,090
USD 425,000	EUR 341,354	Citibank N.A.	04/20/18		4,473
CZK 23,355,362	USD 1,140,000	Citibank N.A.	04/20/18		(7,717	)
JPY 79,705,913	USD 758,000	Citibank N.A.	04/20/18		(8,118	)
PLN 3,077,747	USD 911,000	Citibank N.A.	04/20/18		(11,670	)
USD 2,933,000	CZK 61,095,945	Citibank N.A.	04/20/18		(28,970	)
ZAR 2,753,452	USD 228,000	Citibank N.A.	04/20/18		4,018
USD 683,000	RON 2,580,647	Citibank N.A.	04/20/18		1,492
USD 2,476,537	RUB 143,521,752	Citibank N.A.	04/20/18		(23,038	)
RON 8,752,398	USD 2,264,000	Citibank N.A.	04/20/18		47,368
USD 1,635,216	ZAR 20,543,806	Citibank N.A.	04/20/18		(95,898	)
USD 2,290,617	RON 8,857,358	Citibank N.A.	04/20/18		(48,470	)
USD 610,519	PEN 1,993,223	Citibank N.A.	05/18/18		(6,377	)
USD 1,285,374	THB 40,198,922	Citibank N.A.	07/13/18		(4,619	)
CAD 962,190	USD 748,000	Deutsche Bank AG	04/20/18		(915	)
JPY 146,505,300	USD 1,385,000	Deutsche Bank AG	04/20/18		(6,662	)
EUR 107,952	USD 133,000	Deutsche Bank AG	04/20/18		(10	)
USD 1,284,000	SEK 10,582,629	Deutsche Bank AG	04/20/18		15,039
USD 1,545,000	AUD 2,003,914	Deutsche Bank AG	04/20/18		5,882
NZD 2,618,591	USD 1,892,000	Deutsche Bank AG	04/20/18		378
CZK 21,086,383	USD 1,026,000	Deutsche Bank AG	04/20/18		(3,719	)
EUR 5,568,249	USD 6,877,054	Deutsche Bank AG	04/20/18		(17,314	)
USD 1,925,000	EUR 1,556,466	Deutsche Bank AG	04/20/18		7,529
USD 835,000	CHF 778,892	Deutsche Bank AG	04/20/18		19,122
ILS 1,035,992	USD 302,250	Deutsche Bank AG	04/20/18		(6,588	)
CZK 24,385,357	USD 1,151,349	Goldman Sachs International	04/20/18		30,868
USD 851,000	JPY 89,132,634	Goldman Sachs International	04/20/18		12,430
CAD 2,953,783	USD 2,295,000	Goldman Sachs International	04/20/18		(1,556	)
MYR 2,181,955	USD 556,692	Goldman Sachs International	07/13/18		7,588
USD 189,317	PLN 657,091	HSBC Bank USA N.A.	04/20/18		(2,688	)
AUD 1,708,602	USD 1,314,000	JPMorgan Chase Bank N.A.	04/20/18		(1,698	)
USD 302,000	CAD 387,783	JPMorgan Chase Bank N.A.	04/20/18		909
CAD 455,486	USD 349,000	JPMorgan Chase Bank N.A.	04/20/18		4,659
AUD 1,261,658	USD 984,000	JPMorgan Chase Bank N.A.	04/20/18		(14,976	)
CAD 2,010,510	USD 1,539,000	JPMorgan Chase Bank N.A.	04/20/18		22,046
CHF 694,210	USD 732,000	JPMorgan Chase Bank N.A.	04/20/18		(4,825	)
USD 1,411,000	AUD 1,827,804	JPMorgan Chase Bank N.A.	04/20/18		7,144
USD 1,338,000	EUR 1,080,257	JPMorgan Chase Bank N.A.	04/20/18		7,190
CAD 1,452,478	USD 1,110,000	JPMorgan Chase Bank N.A.	04/20/18		17,766
CHF 596,535	USD 628,000	JPMorgan Chase Bank N.A.	04/20/18		(3,138	)

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Currency Purchased	Currency Sold	Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
JPY 85,778,328	USD 810,000	JPMorgan Chase Bank N.A.	04/20/18	$	(2,988	)
CAD 573,924	USD 445,840	JPMorgan Chase Bank N.A.	04/20/18		(221	)
CAD 720,440	USD 552,000	JPMorgan Chase Bank N.A.	04/20/18		7,380
USD 1,029,000	AUD 1,305,558	JPMorgan Chase Bank N.A.	04/20/18		26,259
USD 2,841,000	NOK 22,245,510	JPMorgan Chase Bank N.A.	04/20/18		1,658
CHF 435,562	USD 460,000	JPMorgan Chase Bank N.A.	04/20/18		(3,755	)
USD 1,193,000	CAD 1,543,638	JPMorgan Chase Bank N.A.	04/20/18		(5,547	)
USD 652,000	CHF 617,665	JPMorgan Chase Bank N.A.	04/20/18		5,004
AUD 4,844,470	USD 3,761,000	JPMorgan Chase Bank N.A.	04/20/18		(40,176	)
CZK 23,253,552	USD 1,140,000	JPMorgan Chase Bank N.A.	04/20/18		(12,653	)
USD 958,585	CHF 894,108	JPMorgan Chase Bank N.A.	04/20/18		22,020
USD 3,395,293	NZD 4,692,921	JPMorgan Chase Bank N.A.	04/20/18		3,858
USD 3,372,764	BRL 11,070,760	JPMorgan Chase Bank N.A.	05/18/18		31,878
USD 631,000	AUD 815,725	Morgan Stanley	04/20/18		4,477
USD 1,114,000	AUD 1,454,137	Morgan Stanley	04/20/18		(2,858	)
USD 792,000	CHF 757,533	Morgan Stanley	04/20/18		(1,505	)
USD 265,000	CHF 250,330	Morgan Stanley	04/20/18		2,783
USD 669,000	NOK 5,160,809	Morgan Stanley	04/20/18		10,292
NOK 11,189,374	USD 1,447,000	Morgan Stanley	04/20/18		(18,826	)
NZD 2,044,956	USD 1,477,000	Morgan Stanley	04/20/18		829
USD 755,000	GBP 533,026	Morgan Stanley	04/20/18		6,625
JPY 46,699,678	USD 443,000	Morgan Stanley	04/20/18		(3,644	)
NZD 2,736,350	USD 1,974,000	Morgan Stanley	04/20/18		3,479
CHF 1,780,784	USD 1,877,000	Morgan Stanley	04/20/18		(11,654	)
NZD 1,686,854	USD 1,213,000	Morgan Stanley	04/20/18		6,040
USD 264,000	SEK 2,160,746	Morgan Stanley	04/20/18		4,905
USD 2,759,000	EUR 2,235,555	Morgan Stanley	04/20/18		4,934
USD 1,050,000	CAD 1,356,117	Morgan Stanley	04/20/18		(2,947	)
AUD 5,280,930	USD 4,089,087	Morgan Stanley	04/20/18		(33,038	)
NZD 2,020,461	USD 1,466,000	Morgan Stanley	04/20/18		(5,873	)
USD 761,000	SEK 6,234,617	Morgan Stanley	04/20/18		13,408
USD 931,000	SEK 7,602,764	Morgan Stanley	04/20/18		19,354
NOK 5,496,374	USD 713,000	Morgan Stanley	04/20/18		(11,461	)
GBP 329,286	USD 461,000	Morgan Stanley	04/20/18		1,322
CAD 2,675,793	USD 2,085,000	Morgan Stanley	04/20/18		(7,400	)
NZD 671,120	USD 487,000	Morgan Stanley	04/20/18		(2,002	)
USD 1,993,000	JPY 212,374,239	Morgan Stanley	04/20/18		(5,040	)
USD 4,241,000	GBP 3,070,103	Morgan Stanley	04/20/18		(69,464	)
NZD 1,313,637	USD 949,000	Morgan Stanley	04/20/18		326
EUR 3,806,780	USD 4,702,000	Morgan Stanley	04/20/18		(12,280	)
NOK 10,710,500	USD 1,371,549	Morgan Stanley	04/20/18		(4,497	)
USD 7,880,000	EUR 6,369,919	Morgan Stanley	04/20/18		32,650
SEK 6,654,819	USD 809,000	Morgan Stanley	04/20/18		(11,022	)
HKD 762,813	USD 97,742	Morgan Stanley	07/13/18		(233	)
SGD 648,988	USD 493,286	Morgan Stanley	07/13/18		2,894
NOK 10,467,866	USD 1,355,000	The Bank of New York Mellon	04/20/18		(18,917	)
USD 735,000	CHF 695,056	The Bank of New York Mellon	04/20/18		6,939
				$	(525,999	)

At March 31, 2018, 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	06/07/18	$	6,104,761	$	169,461
Australia 10-Year Bond	11	06/15/18		1,095,074		17,050
Australia 3-Year Bond	36	06/15/18		3,073,931		3,489
Canada 10-Year Bond	26	06/20/18		2,689,502		52,502
Euro-Bobl 5-Year	61	06/07/18		9,851,300		62,391
Euro-Bund	42	06/07/18		8,239,175		103,221
Euro-Schatz	100	06/07/18		13,777,977		20,320
Japanese Government Bonds 10-Year Mini	6	06/12/18		850,731		888
Long Gilt	35	06/27/18		6,031,062		99,757
Short Gilt	9	06/27/18		1,307,144		(1,035	)
U.S. Treasury Long Bond	16	06/20/18		2,346,000		57,094

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Contract Description	Number of Contracts	Expiration Date	Notional Value			Unrealized Appreciation/ (Depreciation)
U.S. Treasury Ultra Long Bond	8	06/20/18	$	1,283,750		$	42,547
			$	56,650,407		$	627,685
Short Contracts
Japan 10-Year Bond (TSE)	(2)	06/13/18		(2,835,393	)		(2,846	)
U.S. Treasury 10-Year Note	(10)	06/20/18		(1,211,406	)		(8,844	)
U.S. Treasury 2-Year Note	(4)	06/29/18		(850,437	)		(320	)
U.S. Treasury 5-Year Note	(71)	06/29/18		(8,126,727	)		(25,920	)
U.S. Treasury Ultra 10-Year Note	(115)	06/20/18		(14,933,828	)		(213,934	)
			$	(27,957,791	)	$	(251,864	)

At March 31, 2018, the following centrally cleared credit default swaps were outstanding for Voya Global Bond Portfolio:

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

Reference Entity/Obligation	Buy/Sell Protection	(Pay)/ Receive Financing Rate (%)(2)			Termination Date	Notional Amount(3)		Fair Value(4)			Unrealized Appreciation/ (Depreciation)
iTraxx Europe Crossover Index, Series 29, Version 1	Buy		(5.000	)	06/20/23	EUR	7,070,000	$	(882,630	)	$	(37,901	)
								$	(882,630	)	$	(37,901	)

Centrally Cleared Credit Default Swaps on Credit Indices - Sell Protection⁽⁵⁾  

Reference Entity/Obligation	Buy/Sell Protection	(Pay)/ Receive Financing Rate (%)(6)		Termination Date	Notional Amount(3)		Fair Value(4)		Unrealized Appreciation/ (Depreciation)
CDX North American High Yield Index, Series 30, Version 1	Sell		5.000	06/20/23	USD	8,510,000		513,391		34,441
								513,391	$	34,441

(1)	If a Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, a Portfolio will either i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or ii) receive 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 the referenced index.
(2)	Payments made quarterly.
(3)	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.
(4)	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.
(5)	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.
(6)	Payments received quarterly.

At March 31, 2018, the following centrally cleared interest rate swaps were outstanding for Voya Global Bond Portfolio:

Pay/Receive Floating Rate	Floating Rate Index	Floating Rate Index Payment Frequency	Fixed Rate			Fixed Rate Payment Frequency	Maturity Date	Notional Amount		Fair Value			Unrealized Appreciation/ (Depreciation)
Pay	3-month CAD-CDOR	Semi-Annual		2.960	%	Semi-Annual	11/21/44	CAD	1,000,000	$	55,322		$	47,577
Pay	6-month EUR-EURIBOR	Semi-Annual		0.294		Annual	02/10/23	EUR	2,400,000		(6,515	)		(5,072	)
Pay	6-month EUR-EURIBOR	Semi-Annual		0.325		Annual	02/16/23	EUR	100,000		(100	)		(58	)
Pay	6-month EUR-EURIBOR	Semi-Annual		1.987		Annual	03/26/38	EUR	4,400,000		(4,700	)		(4,634	)
Pay	6-month GBP-LIBOR	Semi-Annual		2.899		Semi-Annual	08/22/44	GBP	2,000,000		865,262			937,252
Pay	6-month JPY-LIBOR	Semi-Annual		(0.165	)	Semi-Annual	07/14/18	JPY	619,500,000		(3,325	)		(4,317	)
Pay	6-month JPY-LIBOR	Semi-Annual		(0.105	)	Semi-Annual	03/07/21	JPY	750,000,000		(34,836	)		(34,182	)
Pay	6-month JPY-LIBOR	Semi-Annual		(0.199	)	Semi-Annual	07/14/21	JPY	512,300,000		(42,977	)		(43,699	)
Pay	6-month JPY-LIBOR	Semi-Annual		(0.020	)	Semi-Annual	03/07/23	JPY	750,000,000		(45,253	)		(41,998	)
Pay	6-month JPY-LIBOR	Semi-Annual		0.754		Semi-Annual	05/21/24	JPY	1,855,000,000		652,681			601,342
Pay	6-month JPY-LIBOR	Semi-Annual		0.558		Semi-Annual	02/24/25	JPY	1,084,559,370		274,217			237,242
Pay	6-month JPY-LIBOR	Semi-Annual		(0.092	)	Semi-Annual	07/14/26	JPY	652,900,000		(157,745	)		(154,698	)

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Pay/Receive Floating Rate	Floating Rate Index	Floating Rate Index Payment Frequency	Fixed Rate			Fixed Rate Payment Frequency	Maturity Date	Notional Amount		Fair Value			Unrealized Appreciation/ (Depreciation)
Pay	6-month JPY-LIBOR	Semi-Annual		0.387	%	Semi-Annual	03/02/31	JPY	7,700,000	$	(254	)	$	(109	)
Pay	6-month JPY-LIBOR	Semi-Annual		0.360		Semi-Annual	03/03/31	JPY	867,000,000		(56,945	)		(38,722	)
Pay	6-month JPY-LIBOR	Semi-Annual		0.623		Semi-Annual	03/02/36	JPY	6,200,000		60			198
Pay	6-month JPY-LIBOR	Semi-Annual		0.585		Semi-Annual	03/03/36	JPY	693,000,000		(36,311	)		(17,946	)
Pay	6-month JPY-LIBOR	Semi-Annual		1.289		Semi-Annual	02/04/45	JPY	1,015,000,000		1,143,921			1,056,351
Pay	3-month USD-LIBOR	Quarterly		2.803		Semi-Annual	03/29/21	USD	37,300,000		8,445			8,445
Pay	3-month USD-LIBOR	Quarterly		2.932		Semi-Annual	03/16/22	USD	255,600,000		654,539			654,539
Pay	3-month USD-LIBOR	Quarterly		2.883		Semi-Annual	03/09/28	USD	78,118,016		766,812			766,812
Pay	3-month USD-LIBOR	Quarterly		2.881		Semi-Annual	03/12/28	USD	78,118,016		754,744			754,744
Pay	1-month USD-LIBOR	Monthly		2.400		Monthly	10/27/32	USD	690,000		(29,106	)		(29,017	)
Pay	1-month USD-LIBOR	Monthly		2.488		Monthly	10/27/47	USD	800,000		(38,896	)		(38,785	)
Receive	6-month EUR-EURIBOR	Semi-Annual		(0.123	)	Annual	02/11/19	EUR	200,000		(314	)		(280	)
Receive	6-month EUR-EURIBOR	Semi-Annual		(0.095	)	Annual	02/16/19	EUR	100,000		(189	)		(169	)
Receive	6-month EUR-EURIBOR	Semi-Annual		0.056		Annual	02/10/21	EUR	100,000		(249	)		(255	)
Receive	6-month EUR-EURIBOR	Semi-Annual		1.143		Annual	02/04/46	EUR	500,000		49,300			41,705
Receive	6-month EUR-EURIBOR	Semi-Annual		1.541		Annual	03/20/48	EUR	4,400,000		(77,104	)		(77,432	)
Receive	6-month EUR-EURIBOR	Semi-Annual		1.471		Annual	03/19/68	EUR	3,600,000		39,403			39,570
Receive	6-month JPY-LIBOR	Semi-Annual		(0.030	)	Semi-Annual	03/02/23	JPY	15,400,000		992			921
Receive	6-month JPY-LIBOR	Semi-Annual		(0.044	)	Semi-Annual	03/03/23	JPY	1,733,000,000		122,927			114,052
Receive	6-month JPY-LIBOR	Semi-Annual		0.119		Semi-Annual	03/02/26	JPY	10,900,000		685			567
Receive	6-month JPY-LIBOR	Semi-Annual		0.103		Semi-Annual	03/03/26	JPY	1,231,000,000		92,012			77,635
Receive	6-month JPY-LIBOR	Semi-Annual		0.373		Semi-Annual	03/07/31	JPY	350,000,000		17,984			10,951
Receive	6-month JPY-LIBOR	Semi-Annual		0.178		Semi-Annual	07/14/36	JPY	326,600,000		248,518			240,141
Receive	6-month JPY-LIBOR	Semi-Annual		1.443		Semi-Annual	02/24/45	JPY	468,636,765		(701,676	)		(643,752	)
Receive	6-month JPY-LIBOR	Semi-Annual		0.233		Semi-Annual	07/14/46	JPY	172,300,000		261,651			254,448
Receive	1-month USD-LIBOR	Monthly		1.578		Monthly	10/27/18	USD	35,780,000		98,683			97,339
Receive	1-month USD-LIBOR	Monthly		1.720		Monthly	10/27/19	USD	18,320,000		167,842			166,865
Receive	3-month USD-LIBOR	Quarterly		2.528		Semi-Annual	03/09/20	USD	353,828,662		112,233			112,233
Receive	3-month USD-LIBOR	Quarterly		2.540		Semi-Annual	03/12/20	USD	353,828,662		42,137			42,137
Receive	1-month USD-LIBOR	Monthly		1.079		Monthly	04/04/21	USD	7,500,000		310,709			310,709
Receive	1-month USD-LIBOR	Monthly		1.983		Monthly	10/27/22	USD	23,590,000		594,923			592,977
Receive	3-month USD-LIBOR	Quarterly		2.939		Semi-Annual	03/16/23	USD	262,500,000		(799,300	)		(799,300	)
Receive	1-month USD-LIBOR	Monthly		2.514		Monthly	01/24/25	USD	1,210,000		8,245			8,245
Receive	1-month USD-LIBOR	Monthly		2.728		Monthly	03/01/25	USD	4,110,000		(27,673	)		(27,673	)
Receive	1-month USD-LIBOR	Monthly		2.210		Monthly	10/27/26	USD	3,590,000		125,616			125,229
Receive	1-month USD-LIBOR	Monthly		2.681		Monthly	02/02/28	USD	1,690,000		610			610
Receive	1-month USD-LIBOR	Monthly		2.390		Monthly	12/11/32	USD	400,000		17,527			17,527
Receive	3-month USD-LIBOR	Quarterly		2.188		Semi-Annual	04/04/46	USD	900,000		124,710			124,710
										$	5,549,242		$	5,480,975

At March 31, 2018, 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 2-Year Interest Rate Swap	Bank of America N.A.		2.860	%	Receive	3-month USD-LIBOR	12/21/18	USD	268,600,000		$	1,089,559	$	1,365,850
Call on 2-Year Interest Rate Swap	Morgan Stanley Capital Services LLC		2.860	%	Receive	3-month USD-LIBOR	12/21/18	USD	268,600,000			1,024,422		1,365,850
Call on 2-Year Interest Rate Swap	Morgan Stanley Capital Services LLC		2.990	%	Receive	3-month USD-LIBOR	03/22/21	USD	142,300,000			1,330,659		1,627,508
Put on 10-Year Interest Rate Swap	Bank of America N.A.		3.115	%	Pay	3-month USD-LIBOR	04/12/18	USD	47,400,000			170,640		795
Put on 10-Year Interest Rate Swap	Morgan Stanley Capital Services LLC		3.125	%	Pay	3-month USD-LIBOR	04/26/18	USD		47,400,000		58,302		9,406
Put on 2-Year Interest Rate Swap	Bank of America N.A.		2.860	%	Pay	3-month USD-LIBOR	12/21/18	USD	268,600,000			1,089,559		733,056

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Description	Counterparty	Exercise Rate			Pay/ Receive Exercise Rate	Floating Rate Index	Expiration Date	Notional Amount		Cost		Fair Value
Put on 2-Year Interest Rate Swap	Bank of America N.A.		2.990	%	Pay	3-month USD-LIBOR	03/22/21	USD	142,300,000	$	1,330,659	$	1,117,076
Put on 2-Year Interest Rate Swap	Bank of America N.A.		2.990	%	Pay	3-month USD-LIBOR	03/22/21	USD	142,300,000		1,330,659		1,627,508
Put on 2-Year Interest Rate Swap	Morgan Stanley Capital Services LLC		2.860	%	Pay	3-month USD-LIBOR	12/21/18	USD	268,600,000		1,024,422		733,056
Put on 2-Year Interest Rate Swap	Morgan Stanley Capital Services LLC		2.990	%	Pay	3-month USD-LIBOR	03/22/21	USD	142,300,000		1,330,659		1,117,075
										$	9,779,540	$	9,697,180

At March 31, 2018, 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		1.528	%	Pay	6-month GBP-LIBOR	06/28/18	GBP	47,400,000	$	776,543	$	(793,220	)
Call on 10-Year Interest Rate Swap	Bank of America N.A.		2.615	%	Pay	3-month USD-LIBOR	04/12/18	USD	47,400,000		162,108		(18,780	)
Call on 10-Year Interest Rate Swap	Morgan Stanley Capital Services LLC		2.625	%	Pay	3-month USD-LIBOR	04/26/18	USD	47,400,000		58,776		(67,553	)
Call on 2-Year Interest Rate Swap	Bank of America N.A.		2.910	%	Pay	3-month USD-LIBOR	03/21/19	USD	468,900,000		2,249,773		(2,857,750	)
Call on 2-Year Interest Rate Swap	Morgan Stanley Capital Services LLC		2.910	%	Pay	3-month USD-LIBOR	03/21/19	USD	468,900,000		2,184,647		(2,857,749	)
Put on 10-Year Interest Rate Swap	Royal Bank of Scotland PLC		1.527	%	Receive	6-month GBP-LIBOR	06/28/18	GBP	47,400,000		776,543		(734,220	)
Put on 2-Year Interest Rate Swap	Bank of America N.A.		2.910	%	Receive	3-month USD-LIBOR	03/21/19	USD	468,900,000		2,249,773		(1,592,371	)
Put on 2-Year Interest Rate Swap	Morgan Stanley Capital Services LLC		2.910	%	Receive	3-month USD-LIBOR	03/21/19	USD	468,900,000		2,184,648		(1,592,371	)
										$	10,642,811	$	(10,514,014	)

At March 31, 2018, the following over-the-counter purchased 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		Cost		Fair Value
Put OTC Option- Max[0, 10-Year Swap Rate minus 2-Year Swap Rate)-Exercise Rate]	BNP Paribas		0.550	%	Receive	3-month USD-LIBOR	05/01/18	USD	473,700,000	$	248,693	$	1
Put OTC Option- Max[0, 10-Year Swap Rate minus 2-Year Swap Rate)-Exercise Rate]	Goldman Sachs International		0.540	%	Receive	3-month USD-LIBOR	04/12/18	USD	473,700,000		187,112		–
										$	435,805	$	1

At March 31, 2018, 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

Call OTC Option- Max[0, Exercise Rate minus 10-Year Swap Rate minus 2-Year Swap Rate]

BNP Paribas

0.350

%

Pay

3-month USD-LIBOR

05/01/18

USD

473,700,000

$

222,639

$

(790,559

)

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Description	Counterparty	Exercise Rate			Pay/ Receive Exercise Rate	Floating Rate Index	Expiration Date	Notional Amount		Premiums Received		Fair Value
Call OTC Option- Max[0, Exercise Rate minus 10-Year Swap Rate minus 2-Year Swap Rate]	Goldman Sachs International		0.340	%	Pay	3-month USD-LIBOR	04/12/18	USD	473,700,000	$	146,847	$	(681,797	)
										$	369,486	$	(1,472,356	)

At March 31, 2018, the following over-the-counter forward premium swaptions were outstanding for Voya Global Bond Portfolio:

Description	Counterparty	Exercise Rate			Pay/ Receive Exercise Rate	Floating Rate Index	Expiration Date	Notional Amount		Premium receivable/(payable) at expiration			Unrealized Appreciation/ (Depreciation)
Call on 10-Year Interest Rate Swap (Purchased)	Barclays Bank PLC		2.950	%	Receive	3-month USD-LIBOR	01/24/28	USD	40,400,000	$	(2,749,220	)	$	105,874
Call on 10-Year Interest Rate Swap (Written)	Barclays Bank PLC		2.096	%	Receive	6-month EUR-EURIBOR	01/24/28	EUR	28,000,000		1,960,140			(152,232	)
Call on 30-Year Interest Rate Swap (Purchased)	Citibank N.A.		1.728	%	Receive	6-month EUR-EURIBOR	03/05/20	EUR	26,200,000		(1,831,380	)		447,730
Call on 30-Year Interest Rate Swap (Written)	Citibank N.A.		1.514	%	Receive	6-month EUR-EURIBOR	03/05/38	EUR	11,100,000		2,059,050			(115,348	)
Call on 5-year Interest Rate Swap (Purchased)	Bank of America N.A.		0.000	%	Receive	3-month USD-LIBOR	02/20/19	USD	10,170,000		(541,552	)		13,362
Call on 5-year Interest Rate Swap (Purchased)	Morgan Stanley Capital Services LLC		0.000	%	Receive	3-month USD-LIBOR	02/13/19	USD	10,170,000		(551,520	)		6,332
Call on 5-year Interest Rate Swap (Purchased)	Morgan Stanley Capital Services LLC		0.000	%	Receive	3-month USD-LIBOR	03/06/19	USD	10,170,000		(544,858	)		11,876
Put on 10-Year Interest Rate Swap (Purchased)	Barclays Bank PLC		2.950	%	Pay	3-month USD-LIBOR	01/24/28	USD	40,400,000		(2,749,220	)		6,409
Put on 10-Year Interest Rate Swap (Written)	Barclays Bank PLC		2.096	%	Pay	6-month EUR-EURIBOR	01/24/28	EUR	28,000,000		1,960,140			142,506
Put on 30-Year Interest Rate Swap (Purchased)	Citibank N.A.		1.728	%	Pay	6-month EUR-EURIBOR	03/05/20	EUR	26,200,000		(1,831,380	)		(486,430	)
Put on 30-Year Interest Rate Swap (Written)	Citibank N.A.		1.514	%	Pay	6-month EUR-EURIBOR	03/05/38	EUR	11,100,000		2,059,050			124,302
										$	(2,760,750	)	$	104,381

Currency Abbreviations
AUD	-	Australian Dollar
BRL	-	Brazilian Real
CAD	-	Canadian Dollar
CHF	-	Swiss Franc
CLP	-	Chilean Peso
COP	-	Colombian Peso
CZK	-	Czech Koruna

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

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

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

The fair value of derivative instruments as of March 31, 2018 was as follows:

Derivatives not accounted for as hedging instruments		Fair Value
Asset Derivatives	Instrument Type
Interest rate contracts	Purchased Options	$	9,697,181
Foreign exchange contracts	Forward foreign currency contracts		1,042,859
Interest rate contracts	Forward premium swaptions		858,391
Interest rate contracts	Futures contracts		628,720
Credit contracts	Credit default swaps		34,441
Interest rate contracts	Interest rate swaps		7,443,073
Total Asset Derivatives		$	19,704,665
Liability Derivatives	Instrument Type
Foreign exchange contracts	Forward foreign currency contracts	$	1,568,858
Interest rate contracts	Futures contracts		252,899
Interest rate contracts	Forward premium swaptions		754,010
Credit contracts	Credit default swaps		37,901
Interest rate contracts	Interest rate swaps		1,962,098
Interest rate contracts	Written options		11,986,370
Total Liability Derivatives		$	16,562,136

Voya Global Bond Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

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 March 31, 2018:

	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			Morgan Stanley			Royal Bank of Scotland PLC			The Bank of New York Mellon			Totals
Assets:
Purchased options	$	4,844,285	$	-		$	1		$	-		$	-	$	-		$	-		$	-	$	4,852,895		$	-		$	-		$	-		$	9,697,181
Forward foreign currency contracts		-		409,040			4,136			251,819			47,950		50,886			-			157,771		-			114,318			-			6,939			1,042,859
Forward premium swaptions		13,362		254,789			-			572,032			-		-			-			-		18,208			-			-			-			858,391
Total Assets	$	4,857,647	$	663,829		$	4,137		$	823,851		$	47,950	$	50,886		$	-		$	157,771	$	4,871,103		$	114,318		$	-		$	6,939		$	11,598,431
Liabilities:
Forward foreign currency contracts	$	-	$	811,724		$	40,559		$	364,485		$	35,208	$	1,556		$	2,688		$	89,977	$	-		$	203,744		$	-		$	18,917		$	1,568,858
Forward premium swaptions		-		152,232			-			601,778			-		-			-			-		-			-			-			-			754,010
Written options		4,468,901		-			790,559			-			-		681,797			-			-		4,517,673			-			1,527,440			-			11,986,370
Total Liabilities	$	4,468,901	$	963,956		$	831,118		$	966,263		$	35,208	$	683,353		$	2,688		$	89,977	$	4,517,673		$	203,744		$	1,527,440		$	18,917		$	14,309,238
Net OTC derivative instruments by counterparty, at fair value	$	388,746	$	(300,127	)	$	(826,981	)	$	(142,412	)	$	12,742	$	(632,467	)	$	(2,688	)	$	67,794	$	353,430		$	(89,426	)	$	(1,527,440	)	$	(11,978	)	$	(2,710,807	)
Total collateral pledged by the Portfolio/(Received from counterparty)	$	-	$	-		$	610,000		$	142,412		$	-	$	632,467		$	-		$	-	$	(353,430	)	$	-		$	-		$	-		$	1,031,449
Net Exposure(1)(2)	$	388,746	$	(300,127	)	$	(216,981	)	$	-		$	12,742	$	-		$	(2,688	)	$	67,794	$	-		$	(89,426	)	$	(1,527,440	)	$	(11,978	)	$	(1,679,358	)

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

⁽²⁾ At March 31, 2018, the Portfolio had received $30,000 and $400,000 in cash collateral from Barclays Bank PLC and Morgan Stanley Capital Services LLC, respectively. In addition, the Portfolio had pledged $295,000 and $930,000 in cash collateral to Citibank N.A. and Goldman Sachs International, respectively. Excess cash collateral is not shown for financial reporting purposes.

At March 31, 2018, 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 $234,836,676.

Net unrealized depreciation consisted of:

Gross Unrealized Appreciation	$	16,298,823
Gross Unrealized Depreciation		(17,919,592	)
Net Unrealized Depreciation	$	(1,620,769	)

Voya Index Solution Income Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 14.4%
	170,300		iShares 1-3 Year Treasury Bond ETF	$	14,230,268		3.0
	104,427		iShares MSCI EMU Index Fund		4,526,910		1.0
	67,284		iShares Russell 1000 Growth Index Fund		9,156,680		1.9
	18,726		iShares Russell 1000 Value Index Fund		2,246,371		0.5
	1,018,056		PowerShares Senior Loan Portfolio		23,547,635		5.0
	264,088		SPDR Bloomberg Barclays High Yield Bond ETF		9,467,555		2.0
	58,136		SPDR Dow Jones International Real Estate		2,326,603		0.5
	30,993		Vanguard REIT		2,339,042		0.5
		Total Exchange-Traded Funds
		(Cost $68,449,070)			67,841,064		14.4
MUTUAL FUNDS: 85.5%
			Affiliated Investment Companies: 84.0%
	1,038,325		Voya Emerging Markets Index Portfolio Class P2		13,685,124		2.9
	3,002,901		Voya International Index Portfolio Class P2		32,040,949		6.8
	850,765		Voya Russell Mid Cap Index Portfolio Class P2		13,807,918		2.9
	24,407,533		Voya U.S. Bond Index Portfolio Class P2		252,862,045		53.8
	5,306,842		Voya U.S. Stock Index Portfolio Class P2		82,680,602		17.6
					395,076,638		84.0
			Unaffiliated Investment Companies: 1.5%
	1,414,523		Credit Suisse Commodity Return Strategy Fund - Class I		7,058,472		1.5
		Total Mutual Funds
		(Cost $396,847,556)			402,135,110		85.5
		Total Investments in Securities (Cost $465,296,626)		$	469,976,174		99.9
		Assets in Excess of Other Liabilities			412,090		0.1
		Net Assets		$	470,388,264		100.0

Voya Index Solution Income Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	67,841,064	$	–	$	–	$	67,841,064
Mutual Funds		402,135,110		–		–		402,135,110
Total Investments, at fair value	$	469,976,174	$	–	$	–	$	469,976,174

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio Class P2	$	14,476,644	$	286,314	$	(1,165,531	)	$	87,697		$	13,685,124	$	-	$	303,755		$	-
Voya International Index Portfolio Class P2		33,672,294		1,338,504		(2,479,104	)		(490,745	)		32,040,949		-		304,110			-
Voya Russell Mid Cap Index Portfolio Class P2		14,368,964		286,314		(699,943	)		(147,417	)		13,807,918		-		89,106			-
Voya U.S. Bond Index Portfolio Class P2		255,995,129		14,847,825		(12,574,677	)		(5,406,232	)		252,862,045		1,629,276		(174,910	)		-
Voya U.S. Stock Index Portfolio Class P2		82,646,453		8,906,088		(6,876,795	)		(1,995,144	)		82,680,602		-		1,412,631			-
	$	401,159,484	$	25,665,046	$	(23,796,051	)	$	(7,951,841	)	$	395,076,638	$	1,629,276	$	1,934,692		$	-

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

At March 31, 2018, 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 $473,162,405.

Net unrealized depreciation consisted of:

Gross Unrealized Appreciation	$	14,967,832
Gross Unrealized Depreciation		(18,154,063	)
Net Unrealized Depreciation	$	(3,186,231	)

Voya Index Solution 2020 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 14.7%
	62,340		iShares 1-3 Year Treasury Bond ETF	$	5,209,130		1.9
	21,360		iShares Barclays 20+ Year Treasury Bond Fund		2,603,784		1.0
	56,251		iShares MSCI EMU Index Fund		2,438,481		0.9
	38,196		iShares Russell 1000 Growth Index Fund		5,198,094		1.9
	21,726		iShares Russell 1000 Value Index Fund		2,606,251		1.0
	585,983		PowerShares Senior Loan Portfolio		13,553,787		5.0
	149,853		SPDR Bloomberg Barclays High Yield Bond ETF		5,372,230		2.0
	31,316		SPDR Dow Jones International Real Estate		1,253,266		0.5
	16,695		Vanguard REIT		1,259,972		0.5
		Total Exchange-Traded Funds
		(Cost $39,155,334)			39,494,995		14.7
MUTUAL FUNDS: 85.2%
			Affiliated Investment Companies: 83.7%
	698,191		Voya Emerging Markets Index Portfolio Class P2		9,202,151		3.4
	2,731,460		Voya International Index Portfolio Class P2		29,144,678		10.8
	490,286		Voya Russell Mid Cap Index Portfolio Class P2		7,957,341		3.0
	512,170		Voya Russell Small Cap Index Portfolio Class P2		8,035,952		3.0
	10,367,494		Voya U.S. Bond Index Portfolio Class P2		107,407,238		39.9
	4,081,019		Voya U.S. Stock Index Portfolio Class P2		63,582,271		23.6
					225,329,631		83.7
			Unaffiliated Investment Companies: 1.5%
	789,768		Credit Suisse Commodity Return Strategy Fund - Class I		3,940,942		1.5
		Total Mutual Funds
		(Cost $224,856,690)			229,270,573		85.2
		Total Investments in Securities (Cost $264,012,024)		$	268,765,568		99.9
		Assets in Excess of Other Liabilities			353,346		0.1
		Net Assets		$	269,118,914		100.0

Voya Index Solution 2020 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	39,494,995	$	–	$	–	$	39,494,995
Mutual Funds		229,270,573		–		–		229,270,573
Total Investments, at fair value	$	268,765,568	$	–	$	–	$	268,765,568

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio Class P2	$	8,585,472	$	1,145,788	$	(579,311	)	$	50,202		$	9,202,151	$	-	$	150,455		$	-
Voya International Index Portfolio Class P2		26,895,855		4,268,417		(1,405,865	)		(613,729	)		29,144,678		-		343,936			-
Voya Russell Mid Cap Index Portfolio Class P2		7,304,529		982,104		(237,629	)		(91,663	)		7,957,341		-		38,280			-
Voya Russell Small Cap Index Portfolio Class P2		7,279,859		986,052		(179,150	)		(50,809	)		8,035,952		-		29,744			-
Voya U.S. Bond Index Portfolio Class P2		95,759,479		18,984,005		(5,434,987	)		(1,901,259	)		107,407,238		660,151		(262,071	)		-
Voya U.S. Stock Index Portfolio Class P2		56,837,468		12,644,814		(4,467,990	)		(1,432,021	)		63,582,271		-		732,915			-
	$	202,662,662	$	151,129,131	$	(124,422,883	)	$	(4,039,279	)	$	225,329,631	$	660,151	$	1,033,259		$	-

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

At March 31, 2018, 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 $264,835,818.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	7,218,896
Gross Unrealized Depreciation		(3,289,146	)
Net Unrealized Appreciation	$	3,929,750

Voya Index Solution 2025 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 15.1%
	208,624		iShares 1-3 Year Treasury Bond ETF	$	17,432,622		2.1
	71,482		iShares Barclays 20+ Year Treasury Bond Fund		8,713,656		1.0
	188,248		iShares MSCI EMU Index Fund		8,160,551		1.0
	121,292		iShares Russell 1000 Growth Index Fund		16,506,628		1.9
	67,515		iShares Russell 1000 Value Index Fund		8,099,099		1.0
	1,882,075		PowerShares Senior Loan Portfolio		43,532,395		5.1
	476,066		SPDR Bloomberg Barclays High Yield Bond ETF		17,066,966		2.0
	104,801		SPDR Dow Jones International Real Estate		4,194,136		0.5
	55,871		Vanguard REIT		4,216,584		0.5
		Total Exchange-Traded Funds
		(Cost $127,523,427)			127,922,637		15.1
MUTUAL FUNDS: 84.8%
			Affiliated Investment Companies: 83.3%
	3,166,194		Voya Emerging Markets Index Portfolio Class P2		41,730,431		4.9
	10,912,785		Voya International Index Portfolio Class P2		116,439,412		13.7
	2,335,022		Voya Russell Mid Cap Index Portfolio Class P2		37,897,411		4.5
	1,626,780		Voya Russell Small Cap Index Portfolio Class P2		25,524,182		3.0
	22,713,631		Voya U.S. Bond Index Portfolio Class P2		235,313,216		27.8
	16,018,551		Voya U.S. Stock Index Portfolio Class P2		249,569,022		29.4
					706,473,674		83.3
			Unaffiliated Investment Companies: 1.5%
	2,550,492		Credit Suisse Commodity Return Strategy Fund - Class I		12,726,957		1.5
		Total Mutual Funds
		(Cost $681,415,240)			719,200,631		84.8
		Total Investments in Securities (Cost $808,938,667)		$	847,123,268		99.9
		Assets in Excess of Other Liabilities			825,143		0.1
		Net Assets		$	847,948,411		100.0

Voya Index Solution 2025 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	127,922,637	$	–	$	–	$	127,922,637
Mutual Funds		719,200,631		–		–		719,200,631
Total Investments, at fair value	$	847,123,268	$	–	$	–	$	847,123,268

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio Class P2	$	42,316,947	$	1,596,473	$	(2,406,803	)	$	223,814		$	41,730,431	$	-	$	858,148		$	-
Voya International Index Portfolio Class P2		118,119,420		5,514,419		(5,439,039	)		(1,755,388	)		116,439,412		-		867,247			-
Voya Russell Mid Cap Index Portfolio Class P2		37,804,383		1,458,005		(956,963	)		(408,014	)		37,897,411		-		212,107			-
Voya Russell Small Cap Index Portfolio Class P2		25,118,136		1,214,431		(749,379	)		(59,006	)		25,524,182		-		30,001			-
Voya U.S. Bond Index Portfolio Class P2		228,903,569		23,021,990		(12,017,965	)		(4,594,378	)		235,313,216		1,490,253		(450,605	)		-
Voya U.S. Stock Index Portfolio Class P2		247,311,915		22,053,678		(15,225,950	)		(4,570,621	)		249,569,022		-		2,589,494			-
	$	699,574,370	$	54,858,996	$	(36,796,099	)	$	(11,163,593	)	$	706,473,674	$	1,490,253	$	4,106,392		$	-

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

At March 31, 2018, 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 $817,166,010.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	47,374,156
Gross Unrealized Depreciation		(17,416,898	)
Net Unrealized Appreciation	$	29,957,258

Voya Index Solution 2030 Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 13.2%
	27,349		iShares Barclays 20+ Year Treasury Bond Fund	$	3,333,843		0.9
	77,737		iShares MSCI EMU Index Fund		3,369,899		1.0
	49,411		iShares Russell 1000 Growth Index Fund		6,724,343		1.9
	27,862		iShares Russell 1000 Value Index Fund		3,342,325		1.0
	758,270		PowerShares Senior Loan Portfolio		17,538,785		5.0
	193,922		SPDR Bloomberg Barclays High Yield Bond ETF		6,952,104		2.0
	60,146		SPDR Dow Jones International Real Estate		2,407,043		0.7
	32,065		Vanguard REIT		2,419,946		0.7
		Total Exchange-Traded Funds
		(Cost $45,777,971)			46,088,288		13.2
MUTUAL FUNDS: 86.7%
			Affiliated Investment Companies: 85.3%
	1,584,120		Voya Emerging Markets Index Portfolio Class P2		20,878,699		5.9
	5,580,484		Voya International Index Portfolio Class P2		59,543,767		17.0
	1,081,452		Voya Russell Mid Cap Index Portfolio Class P2		17,551,961		5.0
	903,670		Voya Russell Small Cap Index Portfolio Class P2		14,178,583		4.0
	5,266,171		Voya U.S. Bond Index Portfolio Class P2		54,557,532		15.6
	8,504,977		Voya U.S. Stock Index Portfolio Class P2		132,507,544		37.8
					299,218,086		85.3
			Unaffiliated Investment Companies: 1.4%
	1,000,779		Credit Suisse Commodity Return Strategy Fund - Class I		4,993,889		1.4
		Total Mutual Funds
		(Cost $291,426,953)			304,211,975		86.7
		Total Investments in Securities (Cost $337,204,924)		$	350,300,263		99.9
		Assets in Excess of Other Liabilities			421,290		0.1
		Net Assets		$	350,721,553		100.0

Voya Index Solution 2030 Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	46,088,288	$	–	$	–	$	46,088,288
Mutual Funds		304,211,975		–		–		304,211,975
Total Investments, at fair value	$	350,300,263	$	–	$	–	$	350,300,263

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio Class P2	$	18,354,203	$	3,017,578	$	(655,113	)	$	162,031		$	20,878,699	$	-	$	243,491		$	-
Voya International Index Portfolio Class P2		51,847,097		9,774,197		(1,168,972	)		(908,555	)		59,543,767		-		301,715			-
Voya Russell Mid Cap Index Portfolio Class P2		15,182,994		2,667,077		(153,088	)		(145,022	)		17,551,961		-		22,955			-
Voya Russell Small Cap Index Portfolio Class P2		12,105,731		2,251,331		(117,068	)		(61,411	)		14,178,583		-		23,766			-
Voya U.S. Bond Index Portfolio Class P2		46,000,102		13,036,806		(3,492,633	)		(986,743	)		54,557,532		328,499		(65,340	)		-
Voya U.S. Stock Index Portfolio Class P2		112,515,416		27,173,820		(4,606,693	)		(2,574,999	)		132,507,544		-		1,012,152			-
	$	256,005,543	$	57,920,809	$	(10,193,567	)	$	(4,514,699	)	$	299,218,086	$	328,499	$	1,538,739		$	-

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

At March 31, 2018, 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 $337,701,369.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	14,572,671
Gross Unrealized Depreciation		(1,973,777	)
Net Unrealized Appreciation	$	12,598,894

Voya Index Solution 2035 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 12.4%
	170,743		iShares MSCI EMU Index Fund	$	7,401,709		1.0
	110,014		iShares Russell 1000 Growth Index Fund		14,971,805		1.9
	61,237		iShares Russell 1000 Value Index Fund		7,345,990		1.0
	1,707,064		PowerShares Senior Loan Portfolio		39,484,390		5.1
	431,798		SPDR Bloomberg Barclays High Yield Bond ETF		15,479,958		2.0
	142,584		SPDR Dow Jones International Real Estate		5,706,212		0.7
	76,014		Vanguard REIT		5,736,777		0.7
		Total Exchange-Traded Funds
		(Cost $95,868,954)			96,126,841		12.4
MUTUAL FUNDS: 87.5%
			Affiliated Investment Companies: 86.0%
	4,059,554		Voya Emerging Markets Index Portfolio Class P2		53,504,928		6.9
	13,697,339		Voya International Index Portfolio Class P2		146,150,612		18.9
	3,350,802		Voya Russell Mid Cap Index Portfolio Class P2		54,383,517		7.0
	2,000,684		Voya Russell Small Cap Index Portfolio Class P2		31,390,739		4.1
	6,242,269		Voya U.S. Bond Index Portfolio Class P2		64,669,903		8.4
	20,160,492		Voya U.S. Stock Index Portfolio Class P2		314,100,473		40.7
					664,200,172		86.0
			Unaffiliated Investment Companies: 1.5%
	2,313,431		Credit Suisse Commodity Return Strategy Fund - Class I		11,544,020		1.5
		Total Mutual Funds
		(Cost $623,149,968)			675,744,192		87.5
		Total Investments in Securities (Cost $719,018,922)		$	771,871,033		99.9
		Assets in Excess of Other Liabilities			781,798		0.1
		Net Assets		$	772,652,831		100.0

Voya Index Solution 2035 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	96,126,841	$	–	$	–	$	96,126,841
Mutual Funds		675,744,192		–		–		675,744,192
Total Investments, at fair value	$	771,871,033	$	–	$	–	$	771,871,033

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio Class P2	$	52,973,615	$	2,739,573	$	(2,347,319	)	$	139,059		$	53,504,928	$	-	$	1,172,490		$	-
Voya International Index Portfolio Class P2		143,317,953		9,023,035		(4,048,995	)		(2,141,381	)		146,150,612		-		955,155			-
Voya Russell Mid Cap Index Portfolio Class P2		52,584,752		3,546,641		(1,424,503	)		(323,373	)		54,383,517		-		11,258			-
Voya Russell Small Cap Index Portfolio Class P2		29,947,816		2,316,164		(883,236	)		9,995			31,390,739		-		(62,801	)		-
Voya U.S. Bond Index Portfolio Class P2		60,606,380		9,774,777		(4,497,451	)		(1,213,803	)		64,669,903		400,673		(130,818	)		-
Voya U.S. Stock Index Portfolio Class P2		301,029,780		31,365,180		(13,474,447	)		(4,820,040	)		314,100,473		-		1,954,523			-
	$	640,460,296	$	58,765,370	$	(26,675,951	)	$	(8,349,543	)	$	664,200,172	$	400,673	$	3,899,807		$	-

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

At March 31, 2018, 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 $724,791,763.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	57,272,496
Gross Unrealized Depreciation		(10,193,226	)
Net Unrealized Appreciation	$	47,079,270

Voya Index Solution 2040 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 9.9%
	46,589		iShares MSCI EMU Index Fund	$	2,019,633		0.9
	30,019		iShares Russell 1000 Growth Index Fund		4,085,286		1.9
	16,709		iShares Russell 1000 Value Index Fund		2,004,411		0.9
	279,475		PowerShares Senior Loan Portfolio		6,464,257		2.9
	117,821		SPDR Bloomberg Barclays High Yield Bond ETF		4,223,883		1.9
	38,906		SPDR Dow Jones International Real Estate		1,557,018		0.7
	20,741		Vanguard REIT		1,565,323		0.7
		Total Exchange-Traded Funds
		(Cost $21,749,372)			21,919,811		9.9
MUTUAL FUNDS: 90.0%
			Affiliated Investment Companies: 88.6%
	1,264,452		Voya Emerging Markets Index Portfolio Class P2		16,665,480		7.5
	4,189,816		Voya International Index Portfolio Class P2		44,705,336		20.1
	1,104,918		Voya Russell Mid Cap Index Portfolio Class P2		17,932,812		8.0
	721,255		Voya Russell Small Cap Index Portfolio Class P2		11,316,493		5.1
	1,178,368		Voya U.S. Bond Index Portfolio Class P2		12,207,895		5.5
	6,061,593		Voya U.S. Stock Index Portfolio Class P2		94,439,625		42.4
					197,267,641		88.6
			Unaffiliated Investment Companies: 1.4%
	631,419		Credit Suisse Commodity Return Strategy Fund - Class I		3,150,783		1.4
		Total Mutual Funds
		(Cost $190,078,324)			200,418,424		90.0
		Total Investments in Securities (Cost $211,827,696)		$	222,338,235		99.9
		Assets in Excess of Other Liabilities			264,758		0.1
		Net Assets		$	222,602,993		100.0

Voya Index Solution 2040 Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	21,919,811	$	–	$	–	$	21,919,811
Mutual Funds		200,418,424		–		–		200,418,424
Total Investments, at fair value	$	222,338,235	$	–	$	–	$	222,338,235

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio Class P2	$	14,439,043	$	2,604,393	$	(498,854	)	$	120,898		$	16,665,480	$	-	$	184,210		$	-
Voya International Index Portfolio Class P2		38,400,476		7,860,927		(844,887	)		(711,180	)		44,705,336		-		233,075			-
Voya Russell Mid Cap Index Portfolio Class P2		15,289,150		3,045,723		(231,045	)		(171,016	)		17,932,812		-		30,538			-
Voya Russell Small Cap Index Portfolio Class P2		9,523,870		1,997,067		(136,486	)		(67,958	)		11,316,493		-		27,003			-
Voya U.S. Bond Index Portfolio Class P2		9,709,186		3,542,950		(831,931	)		(212,310	)		12,207,895		70,426		(11,771	)		-
Voya U.S. Stock Index Portfolio Class P2		79,586,220		19,998,176		(3,203,787	)		(1,940,984	)		94,439,625		-		759,226			-
	$	166,947,945	$	39,049,236	$	(5,746,990	)	$	(2,982,550	)	$	197,267,641	$	70,426	$	1,222,281		$	-

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

At March 31, 2018, 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 $211,982,809.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	11,051,551
Gross Unrealized Depreciation		(696,125	)
Net Unrealized Appreciation	$	10,355,426

Voya Index Solution 2045 Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 7.1%
	114,649		iShares MSCI EMU Index Fund	$	4,970,034		1.0
	73,871		iShares Russell 1000 Growth Index Fund		10,053,105		1.9
	41,119		iShares Russell 1000 Value Index Fund		4,932,635		1.0
	401,185		PowerShares Senior Loan Portfolio		9,279,409		1.8
	95,741		SPDR Dow Jones International Real Estate		3,831,555		0.7
	51,041		Vanguard REIT		3,852,064		0.7
		Total Exchange-Traded Funds
		(Cost $35,975,532)			36,918,802		7.1
MUTUAL FUNDS: 92.8%
			Affiliated Investment Companies: 91.3%
	3,116,869		Voya Emerging Markets Index Portfolio Class P2		41,080,327		7.9
	10,188,399		Voya International Index Portfolio Class P2		108,710,212		21.0
	3,219,503		Voya Russell Mid Cap Index Portfolio Class P2		52,252,529		10.1
	1,682,220		Voya Russell Small Cap Index Portfolio Class P2		26,394,036		5.1
	2,184,109		Voya U.S. Bond Index Portfolio Class P2		22,627,367		4.4
	14,192,700		Voya U.S. Stock Index Portfolio Class P2		221,122,265		42.8
					472,186,736		91.3
			Unaffiliated Investment Companies: 1.5%
	1,553,394		Credit Suisse Commodity Return Strategy Fund - Class I		7,751,436		1.5
		Total Mutual Funds
		(Cost $439,724,209)			479,938,172		92.8
		Total Investments in Securities (Cost $475,699,741)		$	516,856,974		99.9
		Assets in Excess of Other Liabilities			434,428		0.1
		Net Assets		$	517,291,402		100.0

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	36,918,802	$	–	$	–	$	36,918,802

Voya Index Solution 2045 Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (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 March 31, 2018
Mutual Funds	$	479,938,172	$	–	$	–	$	479,938,172
Total Investments, at fair value	$	516,856,974	$	–	$	–	$	516,856,974

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio Class P2	$	40,776,461	$	1,732,277	$	(1,720,928	)	$	292,517		$	41,080,327	$	-	$	718,753		$	-
Voya International Index Portfolio Class P2		106,709,170		5,707,031		(2,246,444	)		(1,459,545	)		108,710,212		-		577,024			-
Voya Russell Mid Cap Index Portfolio Class P2		50,598,850		3,145,423		(1,196,818	)		(294,926	)		52,252,529		-		3,719			-
Voya Russell Small Cap Index Portfolio Class P2		25,215,382		1,816,560		(571,517	)		(66,389	)		26,394,036		-		28,751			-
Voya U.S. Bond Index Portfolio Class P2		21,701,278		2,833,505		(1,481,094	)		(426,322	)		22,627,367		142,082		(55,772	)		-
Voya U.S. Stock Index Portfolio Class P2		213,090,287		19,213,769		(8,193,346	)		(2,988,445	)		221,122,265		-		1,012,374			-
	$	458,091,428	$	34,448,565	$	(15,410,147	)	$	(4,943,110	)	$	472,186,736	$	142,082	$	2,284,849		$	-

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

At March 31, 2018, 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 $479,535,138.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	42,704,115
Gross Unrealized Depreciation		(5,382,279	)
Net Unrealized Appreciation	$	37,321,836

Voya Index Solution 2050 Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 4.9%
	27,987		iShares MSCI EMU Index Fund	$	1,213,236		0.9
	18,997		iShares Russell 1000 Growth Index Fund		2,585,302		1.8
	10,037		iShares Russell 1000 Value Index Fund		1,204,039		0.8
	23,371		SPDR Dow Jones International Real Estate		935,307		0.7
	12,460		Vanguard REIT		940,356		0.7
		Total Exchange-Traded Funds
		(Cost $6,684,492)			6,878,240		4.9
MUTUAL FUNDS: 95.0%
			Affiliated Investment Companies: 93.5%
	899,127		Voya Emerging Markets Index Portfolio Class P2		11,850,489		8.5
	2,890,654		Voya International Index Portfolio Class P2		30,843,283		22.2
	953,189		Voya Russell Mid Cap Index Portfolio Class P2		15,470,263		11.1
	452,461		Voya Russell Small Cap Index Portfolio Class P2		7,099,115		5.1
	552,880		Voya U.S. Bond Index Portfolio Class P2		5,727,835		4.1
	3,802,522		Voya U.S. Stock Index Portfolio Class P2		59,243,296		42.5
					130,234,281		93.5
			Unaffiliated Investment Companies: 1.5%
	399,319		Credit Suisse Commodity Return Strategy Fund - Class I		1,992,604		1.5
		Total Mutual Funds
		(Cost $125,653,320)			132,226,885		95.0
		Total Investments in Securities (Cost $132,337,812)		$	139,105,125		99.9
		Assets in Excess of Other Liabilities			136,957		0.1
		Net Assets		$	139,242,082		100.0

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	6,878,240	$	–	$	–	$	6,878,240
Mutual Funds		132,226,885		–		–		132,226,885
Total Investments, at fair value	$	139,105,125	$	–	$	–	$	139,105,125

Voya Index Solution 2050 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio Class P2	$	9,950,698	$	1,987,628	$	(213,861	)	$	126,024		$	11,850,489	$	-	$	79,071		$	-
Voya International Index Portfolio Class P2		25,687,783		5,703,774		(169,231	)		(379,043	)		30,843,283		-		48,545			-
Voya Russell Mid Cap Index Portfolio Class P2		12,783,611		2,905,797		(86,810	)		(132,335	)		15,470,263		-		15,127			-
Voya Russell Small Cap Index Portfolio Class P2		5,791,427		1,377,793		(37,937	)		(32,168	)		7,099,115		-		8,399			-
Voya U.S. Bond Index Portfolio Class P2		4,685,742		1,297,240		(148,982	)		(106,165	)		5,727,835		33,523		(1,414	)		-
Voya U.S. Stock Index Portfolio Class P2		48,412,480		13,073,086		(1,232,276	)		(1,009,994	)		59,243,296		-		249,732			-
	$	107,311,741	$	26,345,318	$	(1,889,097	)	$	(1,533,681	)	$	130,234,281	$	33,523	$	399,460		$	-

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

At March 31, 2018, 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 $132,422,254.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	6,959,332
Gross Unrealized Depreciation		(276,461	)
Net Unrealized Appreciation	$	6,682,871

Voya Index Solution 2055 Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 5.2%
	41,454		iShares MSCI EMU Index Fund	$	1,797,031		1.0
	26,710		iShares Russell 1000 Growth Index Fund		3,634,964		1.9
	14,867		iShares Russell 1000 Value Index Fund		1,783,445		0.9
	34,617		SPDR Dow Jones International Real Estate		1,385,372		0.7
	18,455		Vanguard REIT		1,392,799		0.7
		Total Exchange-Traded Funds
		(Cost $9,591,673)			9,993,611		5.2
MUTUAL FUNDS: 94.7%
			Affiliated Investment Companies: 93.3%
	1,237,070		Voya Emerging Markets Index Portfolio Class P2		16,304,587		8.5
	3,991,707		Voya International Index Portfolio Class P2		42,591,511		22.1
	1,319,768		Voya Russell Mid Cap Index Portfolio Class P2		21,419,830		11.1
	626,772		Voya Russell Small Cap Index Portfolio Class P2		9,834,045		5.1
	766,447		Voya U.S. Bond Index Portfolio Class P2		7,940,389		4.1
	5,232,415		Voya U.S. Stock Index Portfolio Class P2		81,521,026		42.4
					179,611,388		93.3
			Unaffiliated Investment Companies: 1.4%
	561,720		Credit Suisse Commodity Return Strategy Fund - Class I		2,802,984		1.4
		Total Mutual Funds
		(Cost $167,419,968)			182,414,372		94.7
		Total Investments in Securities (Cost $177,011,641)		$	192,407,983		99.9
		Assets in Excess of Other Liabilities			148,387		0.1
		Net Assets		$	192,556,370		100.0

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	9,993,611	$	–	$	–	$	9,993,611
Mutual Funds		182,414,372		–		–		182,414,372
Total Investments, at fair value	$	192,407,983	$	–	$	–	$	192,407,983

Voya Index Solution 2055 Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio Class P2	$	15,298,359	$	1,393,590	$	(459,935	)	$	72,573		$	16,304,587	$	-	$	290,247		$	-
Voya International Index Portfolio Class P2		39,478,725		4,227,866		(670,109	)		(444,971	)		42,591,511		-		65,993			-
Voya Russell Mid Cap Index Portfolio Class P2		19,653,564		2,197,864		(302,141	)		(129,457	)		21,419,830		-		(2,180	)		-
Voya Russell Small Cap Index Portfolio Class P2		8,903,767		1,086,018		(137,371	)		(18,369	)		9,834,045		-		(1,026	)		-
Voya U.S. Bond Index Portfolio Class P2		7,204,204		1,161,680		(271,625	)		(153,870	)		7,940,389		48,618		(7,548	)		-
Voya U.S. Stock Index Portfolio Class P2		74,359,340		10,890,314		(2,479,597	)		(1,249,031	)		81,521,026		-		427,627			-
	$	164,897,959	$	20,957,332	$	(4,320,778	)	$	(1,923,125	)	$	179,611,388	$	48,618	$	773,113		$	-

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

At March 31, 2018, 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 $179,497,078.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	15,841,214
Gross Unrealized Depreciation		(2,930,309	)
Net Unrealized Appreciation	$	12,910,905

Voya Index Solution 2060 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 4.7%
	6,089		iShares MSCI EMU Index Fund	$	263,958		0.8
	3,924		iShares Russell 1000 Growth Index Fund		534,017		1.7
	2,184		iShares Russell 1000 Value Index Fund		261,993		0.8
	5,085		SPDR Dow Jones International Real Estate		203,502		0.7
	2,711		Vanguard REIT		204,599		0.7
		Total Exchange-Traded Funds
		(Cost $1,431,830)			1,468,069		4.7
MUTUAL FUNDS: 95.2%
			Affiliated Investment Companies: 93.9%
	201,894		Voya Emerging Markets Index Portfolio Class P2		2,660,965		8.5
	658,682		Voya International Index Portfolio Class P2		7,028,134		22.5
	214,001		Voya Russell Mid Cap Index Portfolio Class P2		3,473,233		11.2
	101,550		Voya Russell Small Cap Index Portfolio Class P2		1,593,317		5.1
	126,498		Voya U.S. Bond Index Portfolio Class P2		1,310,514		4.2
	848,636		Voya U.S. Stock Index Portfolio Class P2		13,221,747		42.4
					29,287,910		93.9
			Unaffiliated Investment Companies: 1.3%
	82,539		Credit Suisse Commodity Return Strategy Fund - Class I		411,870		1.3
		Total Mutual Funds
		(Cost $28,800,995)			29,699,780		95.2
		Total Investments in Securities (Cost $30,232,825)		$	31,167,849		99.9
		Assets in Excess of Other Liabilities			44,449		0.1
		Net Assets		$	31,212,298		100.0

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	1,468,069	$	–	$	–	$	1,468,069
Mutual Funds		29,699,780		–		–		29,699,780
Total Investments, at fair value	$	31,167,849	$	–	$	–	$	31,167,849

Voya Index Solution 2060 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio Class P2	$	2,077,070	$	623,442	$	(53,392	)	$	13,845		$	2,660,965	$	-	$	23,468		$	-
Voya International Index Portfolio Class P2		4,884,624		2,412,758		(153,768	)		(115,480	)		7,028,134		-		34,741			-
Voya Russell Mid Cap Index Portfolio Class P2		2,668,962		860,390		(21,479	)		(34,640	)		3,473,233		-		2,763			-
Voya Russell Small Cap Index Portfolio Class P2		1,209,131		403,256		(10,238	)		(8,832	)		1,593,317		-		781			-
Voya U.S. Bond Index Portfolio Class P2		978,288		363,877		(8,899	)		(22,752	)		1,310,514		7,401		(84	)		-
Voya U.S. Stock Index Portfolio Class P2		9,863,342		3,988,322		(364,509	)		(265,408	)		13,221,747		-		61,767			-
	$	21,681,417	$	8,652,045	$	(612,285	)	$	(433,267	)	$	29,287,910	$	7,401	$	123,436		$	-

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

At March 31, 2018, 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 $30,243,135.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	977,902
Gross Unrealized Depreciation		(53,188	)
Net Unrealized Appreciation	$	924,714

Voya Solution Aggressive Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 3.4%
	3,273		iShares MSCI EMU Index Fund	$	141,885		1.0
	2,935		iShares Russell 1000 Value Index Fund		352,082		2.4
		Total Exchange-Traded Funds
		(Cost $479,877)			493,967		3.4
MUTUAL FUNDS: 96.4%
			Affiliated Investment Companies: 95.4%
	33,344		Voya Emerging Markets Index Portfolio - Class I		437,803		3.0
	15,223		Voya Index Plus LargeCap Portfolio - Class I		434,622		3.0
	31,173		Voya Intermediate Bond Fund - Class R6		308,611		2.1
	53,930		Voya International Index Portfolio - Class I		574,359		3.9
	70,220		Voya Large Cap Growth Portfolio - Class I		1,480,943		10.1
	61,560		Voya Large Cap Value Fund - Class R6		800,276		5.5
	50,402		Voya MidCap Opportunities Portfolio - Class I		748,974		5.1
	49,008		Voya Multi-Manager Emerging Markets Equity Fund - Class I		665,529		4.5
	148,220		Voya Multi-Manager International Equity Fund - Class I		1,820,143		12.5
	76,064		Voya Multi-Manager International Factors Fund - Class I		803,997		5.5
	78,333		Voya Multi-Manager Large Cap Core Portfolio - Class I		1,297,980		8.9
	94,256		Voya Multi-Manager Mid Cap Value Fund - Class I		1,101,851		7.5
	10,374		Voya RussellTM Mid Cap Growth Index Portfolio - Class I		372,834		2.5
	47,525		Voya Small Company Portfolio - Class I		1,028,909		7.0
	50,878		Voya U.S. Stock Index Portfolio - Class I		791,661		5.4
	12,465		VY® Clarion Global Real Estate Portfolio - Class I		148,586		1.0
	36,120		VY® Invesco Comstock Portfolio - Class I		715,529		4.9
	4,591		VY® T. Rowe Price Growth Equity Portfolio - Class I		443,978		3.0
					13,976,585		95.4
			Unaffiliated Investment Companies: 1.0%
	29,574		Credit Suisse Commodity Return Strategy Fund - Class I		147,576		1.0
		Total Mutual Funds
		(Cost $13,288,167)			14,124,161		96.4
		Total Investments in Securities (Cost $13,768,044)		$	14,618,128		99.8
		Assets in Excess of Other Liabilities			27,737		0.2
		Net Assets		$	14,645,865		100.0

Voya Solution Aggressive Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	493,967	$	–	$	–	$	493,967
Mutual Funds		14,124,161		–		–		14,124,161
Total Investments, at fair value	$	14,618,128	$	–	$	–	$	14,618,128

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized  Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	417,044	$	36,148	$	(18,209	)	$	2,820		$	437,803	$	-	$	5,885		$	-
Voya Index Plus LargeCap Portfolio - Class I		420,037		54,223		(23,224	)		(16,414	)		434,622		-		6,795			-
Voya Intermediate Bond Fund - Class R6		274,577		58,671		(19,157	)		(5,480	)		308,611		2,335		(584	)		-
Voya International Index Portfolio - Class I		285,186		366,225		(65,496	)		(11,556	)		574,359		-		7,842			-
Voya Large Cap Growth Portfolio - Class I		1,398,332		180,742		(92,900	)		(5,231	)		1,480,943		-		21,806			-
Voya Large Cap Value Fund - Class R6		773,295		144,593		(84,399	)		(33,213	)		800,276		-		12,110			-
Voya MidCap Opportunities Portfolio - Class I		696,517		90,371		(42,887	)		4,973			748,974		-		8,286			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		627,741		99,408		(45,574	)		(16,046	)		665,529		-		24,519			-
Voya Multi-Manager International Equity Fund - Class I		1,728,023		225,927		(108,435	)		(25,372	)		1,820,143		-		12,147			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		1,268,052		180,742		(104,330	)		(46,484	)		1,297,980		-		19,416			-
Voya Multi-Manager International Factors Fund - Class I		763,207		99,408		(45,464	)		(13,154	)		803,997		-		8,324			-
Voya Multi-Manager Mid Cap Value Fund - Class I		1,031,753		163,176		(58,434	)		(34,644	)		1,101,851		-		11,216			-
Voya RussellTM Mid Cap Growth Index Portfolio - Class I		345,836		45,185		(18,641	)		454			372,834		-		6,074			-
Voya Small Company Portfolio - Class I		957,412		156,694		(55,517	)		(29,680	)		1,028,909		-		9,490			-
Voya U.S. Stock Index Portfolio - Class I		489,683		381,625		(54,628	)		(25,019	)		791,661		-		8,920			-
VY® Clarion Global Real Estate Portfolio - Class I		139,646		25,169		(9,547	)		(6,682	)		148,586		-		(260	)		-
VY® Clarion Real Estate Portfolio - Class I		136,892		625		(133,584	)		(3,933	)		-		-		(1,498	)		-
VY® Invesco Comstock Portfolio - Class I		702,918		90,371		(46,685	)		(31,075	)		715,529		-		11,414			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		412,015		54,222		(31,519	)		9,260			443,978		-		5,602			-
	$	12,868,166	$	2,453,525	$	(1,058,630	)	$	(286,476	)	$	13,976,585	$	2,335	$	177,504		$	-

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

At March 31, 2018, 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 $14,046,807.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	887,928
Gross Unrealized Depreciation		(316,607	)
Net Unrealized Appreciation	$	571,321

Voya Solution Balanced Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 4.5%
	13,537		iShares MSCI EMU Index Fund	$	586,829		1.0
	16,992		iShares Russell 1000 Value Index Fund		2,038,360		3.5
		Total Exchange-Traded Funds
		(Cost $2,519,509)			2,625,189		4.5
MUTUAL FUNDS: 95.4%
			Affiliated Investment Companies: 93.8%
	107,817		Voya Emerging Markets Index Portfolio - Class I		1,415,633		2.5
	299,356		Voya Floating Rate Fund - Class I		2,954,646		5.1
	299,484		Voya High Yield Bond Fund - Class R6		2,362,933		4.1
	598,620		Voya Intermediate Bond Fund - Class R6		5,926,342		10.3
	157,863		Voya International Index Portfolio - Class I		1,681,245		2.9
	135,404		Voya Large Cap Growth Portfolio - Class I		2,855,669		4.9
	213,818		Voya Large Cap Value Fund - Class R6		2,779,631		4.8
	156,472		Voya MidCap Opportunities Portfolio - Class I		2,325,167		4.0
	83,668		Voya Multi-Manager Emerging Markets Equity Fund - Class I		1,136,212		2.0
	159,906		Voya Multi-Manager International Equity Fund - Class I		1,963,644		3.4
	266,429		Voya Multi-Manager International Factors Fund - Class I		2,816,151		4.9
	201,962		Voya Multi-Manager Large Cap Core Portfolio - Class I		3,346,506		5.8
	195,004		Voya Multi-Manager Mid Cap Value Fund - Class I		2,279,600		3.9
	122,965		Voya Short Term Bond Fund - Class R6		1,195,219		2.1
	104,701		Voya Small Company Portfolio - Class I		2,266,767		3.9
	260,550		Voya U.S. Bond Index Portfolio - Class I		2,699,300		4.7
	105,837		Voya U.S. Stock Index Portfolio - Class I		1,646,827		2.9
	48,025		VY® Clarion Global Real Estate Portfolio - Class I		572,455		1.0
	269,610		VY® Goldman Sachs Bond Portfolio - Class I		2,688,009		4.7
	97,356		VY® Invesco Comstock Portfolio - Class I		1,928,614		3.3
	208,850		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		5,797,679		10.1
	14,763		VY® T. Rowe Price Growth Equity Portfolio - Class I		1,427,718		2.5
					54,065,967		93.8
			Unaffiliated Investment Companies: 1.6%
	186,499		Credit Suisse Commodity Return Strategy Fund - Class I		930,630		1.6
		Total Mutual Funds
		(Cost $52,736,580)			54,996,597		95.4
		Total Investments in Securities (Cost $55,256,089)		$	57,621,786		99.9
		Assets in Excess of Other Liabilities			42,775		0.1
		Net Assets		$	57,664,561		100.0

Voya Solution Balanced Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	2,625,189	$	–	$	–	$	2,625,189
Mutual Funds		54,996,597		–		–		54,996,597
Total Investments, at fair value	$	57,621,786	$	–	$	–	$	57,621,786

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	1,577,026	$	62,095	$	(213,362	)	$	(10,126	)	$	1,415,633	$	-	$	50,208		$	-
Voya Floating Rate Fund - Class I		3,112,722		239,680		(426,722	)		28,966			2,954,646		29,490		(11,495	)		-
Voya High Yield Bond Fund - Class R6		2,497,363		212,998		(290,331	)		(57,097	)		2,362,933		33,313		(3,751	)		-
Voya Intermediate Bond Fund - Class R6		6,225,802		603,532		(787,919	)		(115,073	)		5,926,342		47,527		(14,465	)		-
Voya International Index Portfolio - Class I		1,880,909		74,514		(233,668	)		(40,510	)		1,681,245		-		29,681			-
Voya Large Cap Growth Portfolio - Class I		3,170,880		124,191		(391,821	)		(47,581	)		2,855,669		-		96,746			-
Voya Large Cap Value Fund - Class R6		3,216,298		317,354		(602,345	)		(151,676	)		2,779,631		-		85,845			-
Voya MidCap Opportunities Portfolio - Class I		2,527,447		115,083		(305,569	)		(11,794	)		2,325,167		-		63,359			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		1,259,190		49,676		(128,298	)		(44,356	)		1,136,212		-		66,924			-
Voya Multi-Manager International Equity Fund - Class I		2,194,211		86,934		(256,077	)		(61,424	)		1,963,644		-		57,058			-
Voya Multi-Manager International Factors Fund - Class I		3,146,700		124,191		(405,237	)		(49,503	)		2,816,151		-		45,440			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		3,834,317		248,786		(579,723	)		(156,874	)		3,346,506		-		104,673			-
Voya Multi-Manager Mid Cap Value Fund - Class I		2,495,475		115,955		(262,311	)		(69,519	)		2,279,600		-		24,270			-
Voya Short Term Bond Fund - Class R6		1,240,195		108,281		(145,508	)		(7,749	)		1,195,219		6,069		(2,218	)		-
Voya Small Company Portfolio - Class I		2,481,298		111,678		(243,685	)		(82,524	)		2,266,767		-		42,897			-
Voya U.S. Bond Index Portfolio - Class I		2,797,813		284,837		(334,444	)		(48,906	)		2,699,300		15,833		(12,041	)		-
Voya U.S. Stock Index Portfolio - Class I		1,278,223		726,449		(294,302	)		(63,543	)		1,646,827		-		31,610			-
VY® Clarion Global Real Estate Portfolio - Class I		633,299		40,404		(73,248	)		(28,000	)		572,455		-		(1,603	)		-
VY® Clarion Real Estate Portfolio - Class I		620,753		642		(600,455	)		(20,940	)		-		-		(3,464	)		-
VY® Goldman Sachs Bond Portfolio - Class I		2,793,114		258,982		(332,512	)		(31,575	)		2,688,009		-		(10,107	)		-
VY® Invesco Comstock Portfolio - Class I		2,231,187		86,934		(282,798	)		(106,709	)		1,928,614		-		61,628			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		6,196,389		292,240		(729,469	)		38,519			5,797,679		-		(13,016	)		-
VY® T. Rowe Price Growth Equity Portfolio - Class I		1,557,361		62,096		(195,755	)		4,016			1,427,718		-		57,735			-
	$	58,967,972	$	4,347,532	$	(8,115,559	)	$	(1,133,978	)	$	54,065,967	$	132,232	$	745,914		$	-

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

At March 31, 2018, 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 $56,414,238.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	2,769,200
Gross Unrealized Depreciation		(1,561,652	)
Net Unrealized Appreciation	$	1,207,548

Voya Solution Conservative Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 1.5%
	3,560		iShares MSCI EMU Index Fund	$	154,326		1.0
	2,251		SPDR Bloomberg Barclays High Yield Bond ETF		80,698		0.5
		Total Exchange-Traded Funds
		(Cost $232,072)			235,024		1.5
MUTUAL FUNDS: 98.4%
			Affiliated Investment Companies: 96.4%
	29,024		Voya Emerging Markets Index Portfolio - Class I		381,087		2.4
	114,822		Voya Floating Rate Fund - Class I		1,133,294		7.2
	47,776		Voya Global Bond Fund - Class R6		483,017		3.0
	130,572		Voya High Yield Bond Fund - Class R6		1,030,212		6.5
	162,029		Voya Intermediate Bond Fund - Class R6		1,604,086		10.1
	43,030		Voya International Index Portfolio - Class I		458,265		2.9
	14,578		Voya Large Cap Growth Portfolio - Class I		307,456		1.9
	34,530		Voya Large Cap Value Fund - Class R6		448,896		2.8
	20,926		Voya MidCap Opportunities Portfolio - Class I		310,956		2.0
	26,085		Voya Multi-Manager Mid Cap Value Fund - Class I		304,932		1.9
	330,473		Voya Short Term Bond Fund - Class R6		3,212,202		20.3
	139,245		Voya U.S. Bond Index Portfolio - Class I		1,442,583		9.1
	33,371		Voya U.S. Stock Index Portfolio - Class I		519,257		3.3
	84,528		VY® BlackRock Inflation Protected Bond Portfolio - Class I		803,014		5.1
	128,084		VY® Goldman Sachs Bond Portfolio - Class I		1,276,999		8.1
	56,061		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		1,556,257		9.8
					15,272,513		96.4
			Unaffiliated Investment Companies: 2.0%
	64,301		Credit Suisse Commodity Return Strategy Fund - Class I		320,862		2.0
		Total Mutual Funds
		(Cost $15,567,590)			15,593,375		98.4
		Total Investments in Securities (Cost $15,799,662)		$	15,828,399		99.9
		Assets in Excess of Other Liabilities			14,632		0.1
		Net Assets		$	15,843,031		100.0

Voya Solution Conservative Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	235,024	$	–	$	–	$	235,024
Mutual Funds		15,593,375		–		–		15,593,375
Total Investments, at fair value	$	15,828,399	$	–	$	–	$	15,828,399

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	423,959	$	32,406	$	(69,888	)	$	(5,390	)	$	381,087	$	-	$	16,744		$	-
Voya Floating Rate Fund - Class I		1,163,831		105,812		(147,115	)		10,766			1,133,294		11,196		(4,125	)		-
Voya Global Bond Fund - Class R6		501,888		44,346		(66,526	)		3,309			483,017		5,459		1,273			-
Voya High Yield Bond Fund - Class R6		1,085,080		114,260		(135,392	)		(33,736	)		1,030,212		14,534		7,599			-
Voya Intermediate Bond Fund - Class R6		1,664,476		178,439		(211,025	)		(27,804	)		1,604,086		12,810		(6,752	)		-
Voya International Index Portfolio - Class I		177,682		372,905		(80,826	)		(11,496	)		458,265		-		10,439			-
Voya Large Cap Growth Portfolio - Class I		335,744		25,925		(56,554	)		2,341			307,456		-		3,165			-
Voya Large Cap Value Fund - Class R6		501,666		38,888		(81,751	)		(9,907	)		448,896		-		(227	)		-
Voya MidCap Opportunities Portfolio - Class I		337,136		25,925		(49,344	)		(2,761	)		310,956		-		10,219			-
Voya Multi-Manager Mid Cap Value Fund - Class I		333,740		25,925		(41,000	)		(13,733	)		304,932		-		8,335			-
Voya Short Term Bond Fund - Class R6		3,320,845		326,627		(414,327	)		(20,943	)		3,212,202		16,317		(5,781	)		-
Voya U.S. Bond Index Portfolio - Class I		1,496,686		162,283		(189,616	)		(26,770	)		1,442,583		8,481		(5,770	)		-
Voya U.S. Stock Index Portfolio - Class I		427,222		231,822		(116,831	)		(22,956	)		519,257		-		16,991			-
VY® BlackRock Inflation Protected Bond Portfolio - Class I		833,616		85,209		(99,524	)		(16,287	)		803,014		6,702		2,613			-
VY® Goldman Sachs Bond Portfolio - Class I		1,329,885		130,242		(167,203	)		(15,925	)		1,276,999		-		(3,784	)		-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		1,657,138		129,626		(244,313	)		13,806			1,556,257		-		(4,858	)		-
	$	15,590,594	$	2,030,640	$	(2,171,235	)	$	(177,486	)	$	15,272,513	$	75,499	$	46,081		$	-

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

At March 31, 2018, 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 $16,229,770.

Net unrealized depreciation consisted of:

Gross Unrealized Appreciation	$	194,645
Gross Unrealized Depreciation		(596,016	)
Net Unrealized Depreciation	$	(401,371	)

Voya Solution Income Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 1.5%
	93,671		iShares MSCI EMU Index Fund	$	4,060,638		1.0
	16,797		iShares Russell 1000 Value Index Fund		2,014,968		0.5
		Total Exchange-Traded Funds
		(Cost $5,834,160)			6,075,606		1.5
MUTUAL FUNDS: 98.5%
			Affiliated Investment Companies: 97.0%
	306,534		Voya Emerging Markets Index Portfolio - Class I		4,024,793		1.0
	2,143,025		Voya Floating Rate Fund - Class I		21,151,654		5.1
	1,260,217		Voya Global Bond Fund - Class R6		12,740,797		3.1
	1,061,892		Voya High Yield Bond Fund - Class R6		8,378,324		2.0
	4,689,198		Voya Intermediate Bond Fund - Class R6		46,423,061		11.2
	747,818		Voya International Index Portfolio - Class I		7,964,266		1.9
	1,057,824		Voya Large Cap Growth Portfolio - Class I		22,309,500		5.4
	1,084,624		Voya Large Cap Value Fund - Class R6		14,100,109		3.4
	414,367		Voya MidCap Opportunities Portfolio - Class I		6,157,499		1.5
	594,733		Voya Multi-Manager Emerging Markets Equity Fund - Class I		8,076,480		1.9
	1,924,195		Voya Multi-Manager International Factors Fund - Class I		20,338,742		4.9
	598,412		Voya Multi-Manager Large Cap Core Portfolio - Class I		9,915,689		2.4
	516,323		Voya Multi-Manager Mid Cap Value Fund - Class I		6,035,812		1.4
	4,325,310		Voya Short Term Bond Fund - Class R6		42,042,009		10.1
	4,282,932		Voya U.S. Bond Index Portfolio - Class I		44,371,173		10.7
	900,722		Voya U.S. Stock Index Portfolio - Class I		14,015,227		3.4
	3,121,884		VY® BlackRock Inflation Protected Bond Portfolio - Class I		29,657,896		7.1
	341,395		VY® Clarion Global Real Estate Portfolio - Class I		4,069,423		1.0
	4,626,014		VY® Goldman Sachs Bond Portfolio - Class I		46,121,355		11.1
	1,257,382		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		34,904,928		8.4
					402,798,737		97.0
			Unaffiliated Investment Companies: 1.5%
	1,268,867		Credit Suisse Commodity Return Strategy Fund - Class I		6,331,648		1.5
		Total Mutual Funds
		(Cost $403,026,843)			409,130,385		98.5
		Total Investments in Securities (Cost $408,861,003)		$	415,205,991		100.0
		Assets in Excess of Other Liabilities			199,491		0.0
		Net Assets		$	415,405,482		100.0

Voya Solution Income Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	6,075,606	$	–	$	–	$	6,075,606
Mutual Funds		409,130,385		–		–		409,130,385
Total Investments, at fair value	$	415,205,991	$	–	$	–	$	415,205,991

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	4,369,369	$	29,979	$	(398,495	)	$	23,940		$	4,024,793	$	-	$	92,398		$	-
Voya Floating Rate Fund - Class I		21,586,996		565,127		(1,158,411	)		157,942			21,151,654		173,812		(35,344	)		-
Voya Global Bond Fund - Class R6		12,978,976		233,109		(579,706	)		108,418			12,740,797		143,178		8,847			-
Voya High Yield Bond Fund - Class R6		8,660,236		300,344		(378,318	)		(203,938	)		8,378,324		117,500		(9,091	)		-
Voya Intermediate Bond Fund - Class R6		47,489,503		2,079,738		(2,188,450	)		(957,730	)		46,423,061		369,306		(32,701	)		-
Voya International Index Portfolio - Class I		8,693,125		59,958		(688,685	)		(100,132	)		7,964,266		-		58,139			-
Voya Large Cap Growth Portfolio - Class I		23,998,593		164,883		(1,850,541	)		(3,435	)		22,309,500		-		414,175			-
Voya Large Cap Value Fund - Class R6		15,305,707		444,915		(1,145,805	)		(504,708	)		14,100,109		-		198,409			-
Voya MidCap Opportunities Portfolio - Class I		6,574,390		44,968		(561,416	)		99,557			6,157,499		-		48,745			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		8,723,481		59,958		(679,133	)		(27,826	)		8,076,480		-		195,358			-
Voya Multi-Manager International Factors Fund - Class I		21,814,211		474,894		(1,770,851	)		(179,512	)		20,338,742		-		176,701			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		10,975,633		324,915		(1,047,496	)		(337,363	)		9,915,689		-		197,462			-
Voya Multi-Manager Mid Cap Value Fund - Class I		6,488,658		44,968		(392,608	)		(105,206	)		6,035,812		-		(2,646	)		-
Voya Short Term Bond Fund - Class R6		42,994,885		1,567,516		(2,228,062	)		(292,330	)		42,042,009		213,214		(56,926	)		-
Voya U.S. Bond Index Portfolio - Class I		45,265,975		2,060,129		(2,048,988	)		(905,943	)		44,371,173		259,582		(80,546	)		-
Voya U.S. Stock Index Portfolio - Class I		10,885,254		4,674,181		(1,203,743	)		(340,465	)		14,015,227		-		125,388			-
VY® BlackRock Inflation Protected Bond Portfolio - Class I		30,281,288		1,170,625		(1,289,531	)		(504,486	)		29,657,896		249,567		2,763			-
VY® Clarion Global Real Estate Portfolio - Class I		4,392,367		60,892		(186,041	)		(197,795	)		4,069,423		-		(1,428	)		-
VY® Clarion Real Estate Portfolio - Class I		4,303,500		2,741		(4,018,909	)		(287,332	)		-		-		116,762			-
VY® Goldman Sachs Bond Portfolio - Class I		47,332,314		1,725,555		(2,232,379	)		(704,135	)		46,121,355		-		(1,630	)		-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		36,513,042		254,820		(2,043,671	)		180,737			34,904,928		-		10,066			-
	$	419,627,503	$	16,344,215	$	(28,091,239	)	$	(5,081,742	)	$	402,798,737	$	1,526,159	$	1,424,901		$	-

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

At March 31, 2018, 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 $419,786,363.

Net unrealized depreciation consisted of:

Gross Unrealized Appreciation	$	10,910,376
Gross Unrealized Depreciation		(15,490,748	)
Net Unrealized Depreciation	$	(4,580,372	)

Voya Solution Moderately Aggressive Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 5.9%
	157,843		iShares MSCI EMU Index Fund	$	6,842,494		1.0
	283,049		iShares Russell 1000 Value Index Fund		33,954,558		4.9
		Total Exchange-Traded Funds
		(Cost $38,102,128)			40,797,052		5.9
MUTUAL FUNDS: 94.0%
			Affiliated Investment Companies: 92.4%
	2,087,536		Voya Emerging Markets Index Portfolio - Class I		27,409,347		4.0
	3,589,581		Voya Floating Rate Fund - Class I		35,429,166		5.2
	1,799,510		Voya High Yield Bond Fund - Class R6		14,198,133		2.1
	707,002		Voya Index Plus LargeCap Portfolio - Class I		20,184,894		2.9
	4,987,740		Voya Intermediate Bond Fund - Class R6		49,378,624		7.2
	1,901,351		Voya International Index Portfolio - Class I		20,249,393		2.9
	1,948,469		Voya Large Cap Growth Portfolio - Class I		41,093,203		6.0
	2,844,452		Voya Large Cap Value Fund - Class R6		36,977,874		5.4
	2,794,474		Voya MidCap Opportunities Portfolio - Class I		41,525,883		6.0
	1,007,603		Voya Multi-Manager Emerging Markets Equity Fund - Class I		13,683,251		2.0
	4,159,783		Voya Multi-Manager International Equity Fund - Class I		51,082,130		7.4
	4,185,685		Voya Multi-Manager International Factors Fund - Class I		44,242,692		6.4
	2,050,842		Voya Multi-Manager Large Cap Core Portfolio - Class I		33,982,453		5.0
	3,500,683		Voya Multi-Manager Mid Cap Value Fund - Class I		40,922,988		6.0
	1,886,532		Voya Small Company Portfolio - Class I		40,843,409		6.0
	691,800		Voya U.S. Bond Index Portfolio - Class I		7,167,049		1.0
	1,714,714		Voya U.S. Stock Index Portfolio - Class I		26,680,945		3.9
	578,455		VY® Clarion Global Real Estate Portfolio - Class I		6,895,182		1.0
	1,355,607		VY® Invesco Comstock Portfolio - Class I		26,854,580		3.9
	1,253,611		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		34,800,232		5.1
	212,697		VY® T. Rowe Price Growth Equity Portfolio - Class I		20,569,907		3.0
					634,171,335		92.4
			Unaffiliated Investment Companies: 1.6%
	2,138,364		Credit Suisse Commodity Return Strategy Fund - Class I		10,670,437		1.6
		Total Mutual Funds
		(Cost $598,745,267)			644,841,772		94.0
		Total Investments in Securities (Cost $636,847,395)		$	685,638,824		99.9
		Assets in Excess of Other Liabilities			494,890		0.1
		Net Assets		$	686,133,714		100.0

Voya Solution Moderately Aggressive Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	40,797,052	$	–	$	–	$	40,797,052
Mutual Funds		644,841,772		–		–		644,841,772
Total Investments, at fair value	$	685,638,824	$	–	$	–	$	685,638,824

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	28,722,711	$	39,459	$	(1,528,986	)	$	176,163		$	27,409,347	$	-	$	537,109		$	-
Voya Floating Rate Fund - Class I		35,327,319		1,876,540		(2,004,086	)		229,393			35,429,166		347,653		(30,647	)		-
Voya High Yield Bond Fund - Class R6		14,171,746		875,257		(481,835	)		(367,035	)		14,198,133		196,471		5,541			-
Voya Index Plus LargeCap Portfolio - Class I		21,629,704		39,459		(841,513	)		(642,756	)		20,184,894		-		272,490			-
Voya Intermediate Bond Fund - Class R6		49,459,974		3,492,241		(2,538,904	)		(1,034,687	)		49,378,624		390,499		(13,089	)		-
Voya International Index Portfolio - Class I		21,341,642		39,459		(874,269	)		(257,439	)		20,249,393		-		107,806			-
Voya Large Cap Growth Portfolio - Class I		42,971,988		78,919		(2,322,442	)		364,738			41,093,203		-		303,128			-
Voya Large Cap Value Fund - Class R6		38,900,620		1,545,510		(2,409,693	)		(1,058,563	)		36,977,874		-		149,030			-
Voya MidCap Opportunities Portfolio - Class I		42,886,354		78,919		(2,220,662	)		781,272			41,525,883		-		133,494			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		14,284,209		26,306		(595,769	)		(31,495	)		13,683,251		-		275,332			-
Voya Multi-Manager International Equity Fund - Class I		53,349,145		498,648		(2,346,649	)		(419,014	)		51,082,130		-		249,561
Voya Multi-Manager International Factors Fund - Class I		46,413,888		235,495		(2,142,882	)		(263,809	)		44,242,692		-		155,491			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		36,034,537		835,495		(2,006,956	)		(880,623	)		33,982,453		-		328,811
Voya Multi-Manager Mid Cap Value Fund - Class I		42,477,357		690,571		(1,562,391	)		(682,549	)		40,922,988		-		(100,264	)		-
Voya Small Company Portfolio - Class I		42,223,673		897,969		(1,482,249	)		(795,984	)		40,843,409		-		104,878			-
Voya U.S. Bond Index Portfolio - Class I		7,055,811		510,378		(253,360	)		(145,780	)		7,167,049		41,359		(9,673	)		-
Voya U.S. Stock Index Portfolio - Class I		21,268,052		7,299,464		(1,329,026	)		(557,545	)		26,680,945		-		113,624			-
VY® Clarion Global Real Estate Portfolio - Class I		7,187,624		289,359		(245,811	)		(335,990	)		6,895,182		-		(2,124	)
VY® Clarion Real Estate Portfolio - Class I		7,042,853		-		(6,557,883	)		(484,970	)		-		-		206,548			-
VY® Invesco Comstock Portfolio - Class I		28,954,683		352,612		(1,431,531	)		(1,021,184	)		26,854,580		-		379,676			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		35,244,100		630,504		(1,174,359	)		99,987			34,800,232		-		44,080			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		21,103,324		39,459		(1,226,370	)		653,494			20,569,907		-		185,189			-
	$	658,051,314	$	20,372,023	$	(37,577,626	)	$	(6,674,376	)	$	634,171,335	$	975,982	$	3,395,991		$	-

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

At March 31, 2018, 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 $648,145,001.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	50,672,915
Gross Unrealized Depreciation		(13,179,092	)
Net Unrealized Appreciation	$	37,493,823

Voya Solution Moderately Conservative Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 2.9%
	6,747		iShares MSCI EMU Index Fund	$	292,483		1.0
	4,840		iShares Russell 1000 Value Index Fund		580,606		1.9
		Total Exchange-Traded Funds
		(Cost $837,233)			873,089		2.9
MUTUAL FUNDS: 97.1%
			Affiliated Investment Companies: 95.1%
	79,972		Voya Emerging Markets Index Portfolio - Class I		1,050,026		3.5
	220,208		Voya Floating Rate Fund - Class I		2,173,455		7.1
	61,380		Voya Global Bond Fund - Class R6		620,551		2.0
	234,500		Voya High Yield Bond Fund - Class R6		1,850,207		6.1
	313,575		Voya Intermediate Bond Fund - Class R6		3,104,391		10.2
	55,299		Voya International Index Portfolio - Class I		588,930		1.9
	49,474		Voya Large Cap Growth Portfolio - Class I		1,043,401		3.4
	80,437		Voya Large Cap Value Fund - Class R6		1,045,683		3.4
	51,029		Voya MidCap Opportunities Portfolio - Class I		758,293		2.5
	59,952		Voya Multi-Manager International Equity Fund - Class I		736,213		2.4
	69,923		Voya Multi-Manager International Factors Fund - Class I		739,089		2.4
	63,611		Voya Multi-Manager Mid Cap Value Fund - Class I		743,612		2.5
	253,801		Voya Short Term Bond Fund - Class R6		2,466,943		8.1
	40,939		Voya Small Company Portfolio - Class I		886,325		2.9
	224,774		Voya U.S. Bond Index Portfolio - Class I		2,328,661		7.7
	106,339		Voya U.S. Stock Index Portfolio - Class I		1,654,628		5.4
	131,732		VY® BlackRock Inflation Protected Bond Portfolio - Class I		1,251,457		4.1
	25,235		VY® Clarion Global Real Estate Portfolio - Class I		300,805		1.0
	202,849		VY® Goldman Sachs Bond Portfolio - Class I		2,022,402		6.6
	29,246		VY® Invesco Comstock Portfolio - Class I		579,373		1.9
	109,317		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		3,034,630		10.0
					28,979,075		95.1
			Unaffiliated Investment Companies: 2.0%
	121,860		Credit Suisse Commodity Return Strategy Fund - Class I		608,081		2.0
		Total Mutual Funds
		(Cost $28,786,882)			29,587,156		97.1
		Total Investments in Securities (Cost $29,624,115)		$	30,460,245		100.0
		Assets in Excess of Other Liabilities			6,642		0.0
		Net Assets		$	30,466,887		100.0

Voya Solution Moderately Conservative Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	873,089	$	–	$	–	$	873,089
Mutual Funds		29,587,156		–		–		29,587,156
Total Investments, at fair value	$	30,460,245	$	–	$	–	$	30,460,245

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital  Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	1,109,388	$	44,919	$	(97,734	)	$	(6,547	)	$	1,050,026	$	-	$	36,088		$	-
Voya Floating Rate Fund - Class I		2,192,022		120,553		(154,642	)		15,522			2,173,455		17,645		(3,085	)		-
Voya Global Bond Fund - Class R6		627,553		27,669		(38,096	)		3,425			620,551		6,893		2,295			-
Voya High Yield Bond Fund - Class R6		1,884,377		119,499		(101,927	)		(51,742	)		1,850,207		25,576		5,397			-
Voya Intermediate Bond Fund - Class R6		3,146,288		212,635		(192,973	)		(61,559	)		3,104,391		24,394		(3,717	)		-
Voya International Index Portfolio - Class I		630,584		16,811		(48,479	)		(9,986	)		588,930		-		6,941			-
Voya Large Cap Growth Portfolio - Class I		1,114,519		29,419		(97,314	)		(3,223	)		1,043,401		-		22,343			-
Voya Large Cap Value Fund - Class R6		1,108,630		75,480		(113,956	)		(24,471	)		1,045,683		-		2,094			-
Voya MidCap Opportunities Portfolio - Class I		794,543		21,014		(60,730	)		3,466			758,293		-		14,301			-
Voya Multi-Manager International Equity Fund - Class I		788,114		27,014		(62,666	)		(16,249	)		736,213		-		15,521			-
Voya Multi-Manager International Factors Fund - Class I		791,160		27,014		(62,931	)		(16,154	)		739,089		-		16,103			-
Voya Multi-Manager Mid Cap Value Fund - Class I		784,388		21,014		(39,536	)		(22,254	)		743,612		-		9,127			-
Voya Short Term Bond Fund - Class R6		2,494,772		163,140		(173,015	)		(17,954	)		2,466,943		12,357		(2,224	)		-
Voya Small Company Portfolio - Class I		935,658		25,216		(50,129	)		(24,420	)		886,325		-		10,618			-
Voya U.S. Bond Index Portfolio - Class I		2,345,068		174,449		(143,778	)		(47,078	)		2,328,661		13,452		(3,854	)		-
Voya U.S. Stock Index Portfolio - Class I		1,420,170		432,329		(161,204	)		(36,667	)		1,654,628		-		17,420			-
VY® BlackRock Inflation Protected Bond Portfolio - Class I		1,255,030		84,741		(67,749	)		(20,565	)		1,251,457		10,437		(816	)		-
VY® Clarion Global Real Estate Portfolio - Class I		318,564		13,461		(16,642	)		(14,578	)		300,805		-		91			-
VY® Clarion Real Estate Portfolio - Class I		312,132		872		(297,043	)		(15,961	)		-		-		3,569			-
VY® Goldman Sachs Bond Portfolio - Class I		2,028,646		132,584		(108,133	)		(30,695	)		2,022,402		-		632			-
VY® Invesco Comstock Portfolio - Class I		641,678		16,811		(48,424	)		(30,692	)		579,373		-		18,149			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		3,124,189		84,055		(197,272	)		23,658			3,034,630		-		(7,688	)		-
	$	29,847,473	$	1,870,699	$	(2,334,373	)	$	(404,724	)	$	28,979,075	$	110,754	$	159,305		$	-

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

At March 31, 2018, 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 $30,636,304.

Net unrealized depreciation consisted of:

Gross Unrealized Appreciation	$	1,070,627
Gross Unrealized Depreciation		(1,246,686	)
Net Unrealized Depreciation	$	(176,059	)

Voya Solution 2020 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 1.9%
	7,750		iShares MSCI EMU Index Fund	$	335,962		1.0
	2,781		iShares Russell 1000 Value Index Fund		333,609		0.9
		Total Exchange-Traded Funds
		(Cost $647,028)			669,571		1.9
MUTUAL FUNDS: 98.0%
			Affiliated Investment Companies: 96.6%
	24,646		Voya Emerging Markets Index Portfolio - Class I		323,596		0.9
	187,110		Voya Floating Rate Fund - Class I		1,846,773		5.1
	109,552		Voya Global Bond Fund - Class R6		1,107,571		3.1
	92,359		Voya High Yield Bond Fund - Class R6		728,712		2.0
	369,892		Voya Intermediate Bond Fund - Class R6		3,661,929		10.2
	101,425		Voya International Index Portfolio - Class I		1,080,174		3.0
	83,996		Voya Large Cap Growth Portfolio - Class I		1,771,467		4.9
	68,551		Voya Large Cap Value Fund - Class R6		891,159		2.5
	36,149		Voya MidCap Opportunities Portfolio - Class I		537,174		1.5
	66,975		Voya Multi-Manager Emerging Markets Equity Fund - Class I		909,526		2.5
	85,130		Voya Multi-Manager International Equity Fund - Class I		1,045,391		2.9
	165,485		Voya Multi-Manager International Factors Fund - Class I		1,749,172		4.9
	52,006		Voya Multi-Manager Large Cap Core Portfolio - Class I		861,736		2.4
	45,091		Voya Multi-Manager Mid Cap Value Fund - Class I		527,114		1.5
	273,695		Voya Short Term Bond Fund - Class R6		2,660,315		7.4
	48,726		Voya Small Company Portfolio - Class I		1,054,908		2.9
	209,410		Voya U.S. Bond Index Portfolio - Class I		2,169,490		6.0
	135,390		Voya U.S. Stock Index Portfolio - Class I		2,106,668		5.9
	193,908		VY® BlackRock Inflation Protected Bond Portfolio - Class I		1,842,130		5.1
	29,815		VY® Clarion Global Real Estate Portfolio - Class I		355,395		1.0
	251,697		VY® Goldman Sachs Bond Portfolio - Class I		2,509,417		7.0
	43,252		VY® Invesco Comstock Portfolio - Class I		856,816		2.4
	128,970		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		3,580,213		10.0
	5,492		VY® T. Rowe Price Growth Equity Portfolio - Class I		531,102		1.5
					34,707,948		96.6
			Unaffiliated Investment Companies: 1.4%
	99,588		Credit Suisse Commodity Return Strategy Fund - Class I		496,945		1.4
		Total Mutual Funds
		(Cost $34,660,291)			35,204,893		98.0
		Total Investments in Securities (Cost $35,307,319)		$	35,874,464		99.9
		Assets in Excess of Other Liabilities			45,281		0.1
		Net Assets		$	35,919,745		100.0

Voya Solution 2020 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	669,571	$	–	$	–	$	669,571
Mutual Funds		35,204,893		–		–		35,204,893
Total Investments, at fair value	$	35,874,464	$	–	$	–	$	35,874,464

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	331,522	$	-	$	(14,827	)	$	6,901		$	323,596	$	-	$	1,235		$	-
Voya Floating Rate Fund - Class I		1,654,532		306,864		(122,768	)		8,145			1,846,773		16,893		1,252			-
Voya Global Bond Fund - Class R6		994,754		173,529		(65,918	)		5,206			1,107,571		11,489		3,694			-
Voya High Yield Bond Fund - Class R6		663,699		128,718		(44,571	)		(19,134	)		728,712		9,430		1,837			-
Voya Intermediate Bond Fund - Class R6		3,308,898		671,968		(254,946	)		(63,991	)		3,661,929		26,978		(5,557	)		-
Voya International Index Portfolio - Class I		393,312		855,372		(149,731	)		(18,779	)		1,080,174		-		17,475			-
Voya Large Cap Growth Portfolio - Class I		1,685,287		256,321		(154,862	)		(15,279	)		1,771,467		-		41,590			-
Voya Large Cap Value Fund - Class R6		859,144		179,425		(115,327	)		(32,083	)		891,159		-		13,470			-
Voya MidCap Opportunities Portfolio - Class I		503,761		76,896		(43,282	)		(201	)		537,174		-		11,330			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		857,536		179,425		(112,086	)		(15,349	)		909,526		-		31,344			-
Voya Multi-Manager International Equity Fund - Class I		999,946		153,793		(86,437	)		(21,911	)		1,045,391		-		18,537			-
Voya Multi-Manager International Factors Fund - Class I		1,672,856		256,321		(144,580	)		(35,425	)		1,749,172		-		32,179			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		846,952		128,161		(86,300	)		(27,077	)		861,736		-		13,332			-
Voya Multi-Manager Mid Cap Value Fund - Class I		497,436		76,896		(32,875	)		(14,343	)		527,114		-		5,225			-
Voya Short Term Bond Fund - Class R6		2,389,757		468,164		(180,251	)		(17,355	)		2,660,315		12,451		(2,673	)		-
Voya Small Company Portfolio - Class I		989,132		153,793		(63,686	)		(24,331	)		1,054,908		-		7,987			-
Voya U.S. Bond Index Portfolio - Class I		1,949,708		399,178		(137,713	)		(41,683	)		2,169,490		11,711		(810	)		-
Voya U.S. Stock Index Portfolio - Class I		1,391,069		1,027,448		(254,838	)		(57,011	)		2,106,668		-		26,537			-
VY® BlackRock Inflation Protected Bond Portfolio - Class I		1,658,118		328,030		(117,755	)		(26,263	)		1,842,130		14,974		(1,736	)		-
VY® Clarion Global Real Estate Portfolio - Class I		336,581		57,348		(23,159	)		(15,375	)		355,395		-		45			-
VY® Clarion Real Estate Portfolio - Class I		329,957		3,085		(328,564	)		(4,478	)		-		-		(8,557	)		-
VY® Goldman Sachs Bond Portfolio - Class I		2,260,057		441,588		(164,965	)		(27,263	)		2,509,417		-		(6,018	)		-
VY® Invesco Comstock Portfolio - Class I		847,032		128,161		(73,396	)		(44,981	)		856,816		-		25,704			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		3,301,787		512,642		(240,929	)		6,713			3,580,213		-		7,764			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		496,824		76,896		(48,693	)		6,075			531,102		-		13,436			-
	$	31,219,657	$	7,040,022	$	(3,062,459	)	$	(489,272	)	$	34,707,948	$	103,926	$	248,622		$	-

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

At March 31, 2018, 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 $35,425,571.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	813,685
Gross Unrealized Depreciation		(364,792	)
Net Unrealized Appreciation	$	448,893

Voya Solution 2025 Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 3.2%
	77,680		iShares Barclays 20+ Year Treasury Bond Fund	$	9,469,192		1.0
	204,570		iShares MSCI EMU Index Fund		8,868,109		1.0
	91,710		iShares Russell 1000 Value Index Fund		11,001,532		1.2
		Total Exchange-Traded Funds
		(Cost $28,532,294)			29,338,833		3.2
MUTUAL FUNDS: 96.7%
			Affiliated Investment Companies: 95.2%
	2,033,864		Voya Emerging Markets Index Portfolio - Class I		26,704,633		3.0
	4,687,871		Voya Floating Rate Fund - Class I		46,269,284		5.1
	2,786,572		Voya Global Bond Fund - Class R6		28,172,245		3.1
	2,348,122		Voya High Yield Bond Fund - Class R6		18,526,686		2.1
	9,103,195		Voya Intermediate Bond Fund - Class R6		90,121,634		10.0
	3,328,851		Voya International Index Portfolio - Class I		35,452,260		3.9
	2,540,261		Voya Large Cap Growth Portfolio - Class I		53,574,108		5.9
	2,006,601		Voya Large Cap Value Fund - Class R6		26,085,812		2.9
	1,374,740		Voya MidCap Opportunities Portfolio - Class I		20,428,642		2.3
	1,315,210		Voya Multi-Manager Emerging Markets Equity Fund - Class I		17,860,556		2.0
	3,232,099		Voya Multi-Manager International Equity Fund - Class I		39,690,175		4.4
	4,659,881		Voya Multi-Manager International Factors Fund - Class I		49,254,945		5.4
	2,123,668		Voya Multi-Manager Large Cap Core Portfolio - Class I		35,189,186		3.9
	1,713,266		Voya Multi-Manager Mid Cap Value Fund - Class I		20,028,076		2.2
	3,116,203		Voya Short Term Bond Fund - Class R6		30,289,497		3.3
	1,234,600		Voya Small Company Portfolio - Class I		26,729,090		3.0
	2,708,012		Voya U.S. Bond Index Portfolio - Class I		28,055,005		3.1
	4,594,503		Voya U.S. Stock Index Portfolio - Class I		71,490,463		7.9
	755,081		VY® Clarion Global Real Estate Portfolio - Class I		9,000,568		1.0
	5,581,052		VY® Goldman Sachs Bond Portfolio - Class I		55,643,091		6.1
	1,336,903		VY® Invesco Comstock Portfolio - Class I		26,484,040		2.9
	3,271,888		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		90,827,620		10.0
	162,494		VY® T. Rowe Price Growth Equity Portfolio - Class I		15,714,798		1.7
					861,592,414		95.2
			Unaffiliated Investment Companies: 1.5%
	2,771,436		Credit Suisse Commodity Return Strategy Fund - Class I		13,829,466		1.5
		Total Mutual Funds
		(Cost $830,175,518)			875,421,880		96.7
		Total Investments in Securities (Cost $858,707,812)		$	904,760,713		99.9
		Assets in Excess of Other Liabilities			528,082		0.1
		Net Assets		$	905,288,795		100.0

Voya Solution 2025 Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	29,338,833	$	–	$	–	$	29,338,833
Mutual Funds		875,421,880		–		–		875,421,880
Total Investments, at fair value	$	904,760,713	$	–	$	–	$	904,760,713

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	27,772,416	$	433,545	$	(1,619,320	)	$	117,992		$	26,704,633		-	$	571,770		$	-
Voya Floating Rate Fund - Class I		45,717,600		2,485,053		(2,261,920	)		328,551			46,269,284		452,565		(68,836	)		-
Voya Global Bond Fund - Class R6		27,487,089		1,195,135		(725,944	)		215,965			28,172,245		311,516		25,907			-
Voya High Yield Bond Fund - Class R6		18,340,529		1,157,046		(522,580	)		(448,309	)		18,526,686		255,595		(21,348	)		-
Voya Intermediate Bond Fund - Class R6		89,033,389		6,679,798		(3,774,388	)		(1,817,165	)		90,121,634		708,729		(75,257	)		-
Voya International Index Portfolio - Class I		36,825,106		788,060		(1,597,720	)		(563,186	)		35,452,260		-		310,450			-
Voya Large Cap Growth Portfolio - Class I		55,606,446		867,091		(3,262,606	)		363,177			53,574,108		-		516,038			-
Voya Large Cap Value Fund - Class R6		27,689,894		614,189		(1,512,191	)		(706,080	)		26,085,812		-		80,473			-
Voya MidCap Opportunities Portfolio - Class I		20,883,650		325,159		(1,011,532	)		231,365			20,428,642		-		217,509			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		18,482,458		289,030		(847,788	)		(63,144	)		17,860,556		-		382,527			-
Voya Multi-Manager International Equity Fund - Class I		41,423,736		650,318		(2,072,906	)		(310,973	)		39,690,175		-		181,506			-
Voya Multi-Manager International Factors Fund - Class I		50,824,833		1,354,833		(2,329,366	)		(595,355	)		49,254,945		-		480,462			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		37,198,139		1,244,833		(2,249,888	)		(1,003,898	)		35,189,186		-		425,015			-
Voya Multi-Manager Mid Cap Value Fund - Class I		20,614,504		358,257		(581,936	)		(362,749	)		20,028,076		-		(18,049	)		-
Voya Short Term Bond Fund - Class R6		29,594,566		1,915,419		(996,762	)		(223,726	)		30,289,497		151,113		(22,258	)		-
Voya Small Company Portfolio - Class I		27,320,054		613,141		(728,545	)		(475,560	)		26,729,090		-		23,305			-
Voya U.S. Bond Index Portfolio - Class I		27,391,992		2,020,368		(768,271	)		(589,084	)		28,055,005		161,409		(16,420	)		-
Voya U.S. Stock Index Portfolio - Class I		64,458,621		11,899,517		(3,688,095	)		(1,179,580	)		71,490,463		-		382,179			-
VY® Clarion Global Real Estate Portfolio - Class I		9,302,237		386,513		(254,169	)		(434,013	)		9,000,568		-		(3,553	)		-
VY® Clarion Real Estate Portfolio - Class I		9,114,241		27,672		(8,537,612	)		(604,301	)		-		-		241,807			-
VY® Goldman Sachs Bond Portfolio - Class I		54,685,451		3,526,952		(1,748,886	)		(820,426	)		55,643,091		-		(10,186	)		-
VY® Invesco Comstock Portfolio - Class I		28,104,268		908,545		(1,547,108	)		(981,665	)		26,484,040		-		372,065			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		91,122,569		1,827,293		(2,475,296	)		353,054			90,827,620		-		30,871			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		16,012,849		252,901		(942,919	)		391,967			15,714,798		-		251,904			-
	$	875,006,637	$	41,820,668	$	(46,057,748	)	$	(9,177,143	)	$	861,592,414	$	2,040,927	$	4,257,881		$	-

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

At March 31, 2018, 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 $876,598,468.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	52,141,415
Gross Unrealized Depreciation		(23,979,170	)
Net Unrealized Appreciation	$	28,162,245

Voya Solution 2030 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 4.3%
	2,637		iShares Barclays 20+ Year Treasury Bond Fund	$	321,450		1.0
	6,944		iShares MSCI EMU Index Fund		301,022		1.0
	6,226		iShares Russell 1000 Value Index Fund		746,871		2.3
		Total Exchange-Traded Funds
		(Cost $1,333,690)			1,369,343		4.3
MUTUAL FUNDS: 95.6%
			Affiliated Investment Companies: 94.1%
	71,558		Voya Emerging Markets Index Portfolio - Class I		939,554		2.9
	169,640		Voya Floating Rate Fund - Class I		1,674,344		5.2
	83,397		Voya High Yield Bond Fund - Class R6		658,000		2.1
	32,901		Voya Index Plus LargeCap Portfolio - Class I		939,316		2.9
	227,815		Voya Intermediate Bond Fund - Class R6		2,255,368		7.1
	118,474		Voya International Index Portfolio - Class I		1,261,751		4.0
	90,990		Voya Large Cap Growth Portfolio - Class I		1,918,975		6.0
	74,163		Voya Large Cap Value Fund - Class R6		964,121		3.0
	54,415		Voya MidCap Opportunities Portfolio - Class I		808,611		2.5
	71,026		Voya Multi-Manager Emerging Markets Equity Fund - Class I		964,532		3.0
	153,630		Voya Multi-Manager International Equity Fund - Class I		1,886,582		5.9
	209,046		Voya Multi-Manager International Factors Fund - Class I		2,209,613		6.9
	75,081		Voya Multi-Manager Large Cap Core Portfolio - Class I		1,244,091		3.9
	67,896		Voya Multi-Manager Mid Cap Value Fund - Class I		793,710		2.5
	58,712		Voya Small Company Portfolio - Class I		1,271,105		4.0
	211,935		Voya U.S. Stock Index Portfolio - Class I		3,297,708		10.3
	40,394		VY® Clarion Global Real Estate Portfolio - Class I		481,501		1.5
	141,076		VY® Goldman Sachs Bond Portfolio - Class I		1,406,527		4.4
	46,831		VY® Invesco Comstock Portfolio - Class I		927,729		2.9
	116,578		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		3,236,200		10.1
	9,911		VY® T. Rowe Price Growth Equity Portfolio - Class I		958,520		3.0
					30,097,858		94.1
			Unaffiliated Investment Companies: 1.5%
	93,965		Credit Suisse Commodity Return Strategy Fund - Class I		468,887		1.5
		Total Mutual Funds
		(Cost $29,632,396)			30,566,745		95.6
		Total Investments in Securities (Cost $30,966,086)		$	31,936,088		99.9
		Assets in Excess of Other Liabilities			39,141		0.1
		Net Assets		$	31,975,229		100.0

Voya Solution 2030 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	1,369,343	$	–	$	–	$	1,369,343
Mutual Funds		30,566,745		–		–		30,566,745
Total Investments, at fair value	$	31,936,088	$	–	$	–	$	31,936,088

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	940,753	$	87,374	$	(81,577	)	$	(6,996	)	$	939,554	$	-	$	28,653		$	-
Voya Floating Rate Fund - Class I		1,549,912		296,366		(177,023	)		5,089			1,674,344	$	15,739		978			-
Voya High Yield Bond Fund - Class R6		621,744		122,911		(68,532	)		(18,123	)		658,000	$	8,795		1,846			-
Voya Index Plus LargeCap Portfolio - Class I		948,705		131,061		(92,794	)		(47,656	)		939,316	$	-		29,529			-
Voya Intermediate Bond Fund - Class R6		2,095,676		475,891		(274,528	)		(41,671	)		2,255,368	$	17,025		(2,453	)		-
Voya International Index Portfolio - Class I		633,988		818,912		(164,583	)		(26,566	)		1,261,751	$	-		18,700			-
Voya Large Cap Growth Portfolio - Class I		1,894,894		262,122		(210,374	)		(27,667	)		1,918,975	$	-		54,487			-
Voya Large Cap Value Fund - Class R6		951,870		240,278		(204,816	)		(23,211	)		964,121	$	-		(444	)		-
Voya MidCap Opportunities Portfolio - Class I		786,539		109,217		(82,614	)		(4,531	)		808,611	$	-		20,728			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		943,326		174,748		(118,529	)		(35,013	)		964,532	$	-		48,283			-
Voya Multi-Manager International Equity Fund - Class I		1,872,839		262,122		(198,374	)		(50,005	)		1,886,582	$	-		40,465			-
Voya Multi-Manager International Factors Fund - Class I		2,193,367		305,809		(236,245	)		(53,318	)		2,209,613	$	-		44,861			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		1,269,987		174,748		(155,513	)		(45,131	)		1,244,091	$	-		22,814			-
Voya Multi-Manager Mid Cap Value Fund - Class I		776,569		118,089		(76,308	)		(24,640	)		793,710	$	-		9,786			-
Voya Small Company Portfolio - Class I		1,235,204		194,909		(124,227	)		(34,781	)		1,271,105	$	-		13,523			-
Voya U.S. Stock Index Portfolio - Class I		2,521,545		1,299,963		(430,834	)		(92,966	)		3,297,708	$	-		42,634			-
VY® Clarion Global Real Estate Portfolio - Class I		473,041		82,474		(53,552	)		(20,462	)		481,501	$	-		(1,895	)		-
VY® Clarion Real Estate Portfolio - Class I		463,620		2,529		(457,585	)		(8,564	)		-	$	-		(9,893	)		-
VY® Goldman Sachs Bond Portfolio - Class I		1,313,518		261,857		(151,431	)		(17,417	)		1,406,527	$	-		(2,166	)		-
VY® Invesco Comstock Portfolio - Class I		952,545		131,061		(111,568	)		(44,309	)		927,729	$	-		21,655			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		3,092,836		477,473		(330,958	)		(3,151	)		3,236,200	$	-		13,762			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		930,569		131,061		(106,994	)		3,884			958,520	$	-		31,406			-
	$	28,463,047	$	6,160,975	$	(3,908,959	)	$	(617,205	)	$	30,097,858	$	41,559	$	427,259		$	-

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

At March 31, 2018, 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 $31,018,119.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	1,099,951
Gross Unrealized Depreciation		(181,982	)
Net Unrealized Appreciation	$	917,969

Voya Solution 2035 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 3.5%
	209,318		iShares MSCI EMU Index Fund	$	9,073,935		1.0
	187,678		iShares Russell 1000 Value Index Fund		22,513,853		2.5
		Total Exchange-Traded Funds
		(Cost $30,268,342)			31,587,788		3.5
MUTUAL FUNDS: 96.4%
			Affiliated Investment Companies: 94.9%
	2,075,025		Voya Emerging Markets Index Portfolio - Class I		27,245,084		3.0
	4,797,466		Voya Floating Rate Fund - Class I		47,350,986		5.2
	2,351,750		Voya High Yield Bond Fund - Class R6		18,555,309		2.0
	941,544		Voya Index Plus LargeCap Portfolio - Class I		26,881,091		2.9
	4,907,119		Voya Intermediate Bond Fund - Class R6		48,580,481		5.3
	4,241,232		Voya International Index Portfolio - Class I		45,169,117		4.9
	3,026,626		Voya Large Cap Growth Portfolio - Class I		63,831,548		7.0
	2,058,781		Voya Large Cap Value Fund - Class R6		26,764,158		2.9
	2,181,984		Voya MidCap Opportunities Portfolio - Class I		32,424,282		3.6
	2,683,551		Voya Multi-Manager Emerging Markets Equity Fund - Class I		36,442,623		4.0
	5,164,944		Voya Multi-Manager International Equity Fund - Class I		63,425,509		7.0
	6,003,895		Voya Multi-Manager International Factors Fund - Class I		63,461,173		7.0
	4,254,877		Voya Multi-Manager Large Cap Core Portfolio - Class I		70,503,311		7.7
	2,719,332		Voya Multi-Manager Mid Cap Value Fund - Class I		31,788,988		3.5
	1,679,670		Voya Small Company Portfolio - Class I		36,364,853		4.0
	5,499,718		Voya U.S. Stock Index Portfolio - Class I		85,575,608		9.4
	1,155,438		VY® Clarion Global Real Estate Portfolio - Class I		13,772,824		1.5
	1,785,876		VY® Invesco Comstock Portfolio - Class I		35,378,213		3.9
	2,336,903		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		64,872,427		7.1
	281,726		VY® T. Rowe Price Growth Equity Portfolio - Class I		27,245,696		3.0
					865,633,281		94.9
			Unaffiliated Investment Companies: 1.5%
	2,835,978		Credit Suisse Commodity Return Strategy Fund - Class I		14,151,528		1.5
		Total Mutual Funds
		(Cost $809,591,789)			879,784,809		96.4
		Total Investments in Securities (Cost $839,860,131)		$	911,372,597		99.9
		Assets in Excess of Other Liabilities			693,806		0.1
		Net Assets		$	912,066,403		100.0

Voya Solution 2035 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	31,587,788	$	–	$	–	$	31,587,788
Mutual Funds		879,784,809		–		–		879,784,809
Total Investments, at fair value	$	911,372,597	$	–	$	–	$	911,372,597

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	27,963,942	$	401,912	$	(1,329,386	)	$	208,616		$	27,245,084	$	-	$	463,842		$	-
Voya Floating Rate Fund - Class I		46,020,909		3,272,768		(2,194,368	)		251,677			47,350,986		460,606		(68,247	)		-
Voya High Yield Bond Fund - Class R6		18,461,448		1,441,526		(855,235	)		(492,430	)		18,555,309		257,394		17,213			-
Voya Index Plus LargeCap Portfolio - Class I		28,175,352		401,912		(896,805	)		(799,368	)		26,881,091		-		291,315			-
Voya Intermediate Bond Fund - Class R6		47,862,192		4,166,497		(2,472,226	)		(975,982	)		48,580,481		382,198		(48,860	)		-
Voya International Index Portfolio - Class I		46,338,518		889,853		(1,340,305	)		(718,949	)		45,169,117		-		360,874			-
Voya Large Cap Growth Portfolio - Class I		65,374,808		937,795		(3,007,621	)		526,566			63,831,548		-		463,372			-
Voya Large Cap Value Fund - Class R6		27,805,710		1,086,839		(1,435,613	)		(692,778	)		26,764,158		-		33,547			-
Voya MidCap Opportunities Portfolio - Class I		32,697,693		468,897		(1,384,000	)		641,692			32,424,282		-		45,122			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		37,219,584		535,883		(1,470,989	)		158,145			36,442,623		-		455,744			-
Voya Multi-Manager International Factors Fund - Class I		65,117,493		1,157,795		(2,645,399	)		(168,716	)		63,461,173		-		(25,418	)		-
Voya Multi-Manager International Equity Fund - Class I		64,868,082		1,362,795		(2,372,804	)		(432,564	)		63,425,509		-		179,127			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		73,325,404		2,520,927		(3,764,089	)		(1,578,931	)		70,503,311		-		381,404			-
Voya Multi-Manager Mid Cap Value Fund - Class I		32,279,828		1,044,282		(966,741	)		(568,381	)		31,788,988		-		(52,456	)		-
Voya Small Company Portfolio - Class I		36,671,155		1,372,097		(1,013,297	)		(665,102	)		36,364,853		-		31,600			-
Voya U.S. Stock Index Portfolio - Class I		74,265,145		16,139,465		(3,141,310	)		(1,687,692	)		85,575,608		-		561,841			-
VY® Clarion Global Real Estate Portfolio - Class I		14,044,966		791,201		(390,139	)		(673,204	)		13,772,824		-		1,697			-
VY® Clarion Real Estate Portfolio - Class I		13,762,642		17,599		(12,531,262	)		(1,248,979	)		-		-		701,884			-
VY® Invesco Comstock Portfolio - Class I		37,717,518		535,883		(1,628,802	)		(1,246,386	)		35,378,213		-		379,895			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		64,278,276		2,180,599		(1,834,147	)		247,699			64,872,427		-		(5,578	)		-
VY® T. Rowe Price Growth Equity Portfolio - Class I		27,627,985		401,912		(1,643,439	)		859,238			27,245,696		-		242,393			-
	$	881,878,650	$	41,128,437	$	(48,317,977	)	$	(9,055,829	)	$	865,633,281	$	1,100,198	$	4,410,311		$	-

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

At March 31, 2018, 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 $854,324,793.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	74,241,179
Gross Unrealized Depreciation		(17,193,375	)
Net Unrealized Appreciation	$	57,047,804

Voya Solution 2040 Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 3.6%
	5,450		iShares MSCI EMU Index Fund	$	236,258		0.9
	5,864		iShares Russell 1000 Value Index Fund		703,445		2.7
		Total Exchange-Traded Funds
		(Cost $900,279)			939,703		3.6
MUTUAL FUNDS: 96.3%
			Affiliated Investment Companies: 94.9%
	57,750		Voya Emerging Markets Index Portfolio - Class I		758,254		2.9
	83,271		Voya Floating Rate Fund - Class I		821,882		3.2
	68,183		Voya High Yield Bond Fund - Class R6		537,967		2.1
	26,876		Voya Index Plus LargeCap Portfolio - Class I		767,324		3.0
	61,751		Voya Intermediate Bond Fund - Class R6		611,331		2.3
	121,816		Voya International Index Portfolio - Class I		1,297,345		5.0
	105,296		Voya Large Cap Growth Portfolio - Class I		2,220,700		8.6
	72,995		Voya Large Cap Value Fund - Class R6		948,938		3.6
	71,100		Voya MidCap Opportunities Portfolio - Class I		1,056,553		4.1
	87,516		Voya Multi-Manager Emerging Markets Equity Fund - Class I		1,188,473		4.6
	167,433		Voya Multi-Manager International Equity Fund - Class I		2,056,074		7.9
	170,873		Voya Multi-Manager International Factors Fund - Class I		1,806,122		7.0
	132,105		Voya Multi-Manager Large Cap Core Portfolio - Class I		2,188,979		8.4
	88,699		Voya Multi-Manager Mid Cap Value Fund - Class I		1,036,889		4.0
	59,893		Voya Small Company Portfolio - Class I		1,296,677		5.0
	123,161		Voya U.S. Stock Index Portfolio - Class I		1,916,382		7.4
	32,990		VY® Clarion Global Real Estate Portfolio - Class I		393,245		1.5
	57,414		VY® Invesco Comstock Portfolio - Class I		1,137,379		4.4
	64,239		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		1,783,268		6.9
	8,097		VY® T. Rowe Price Growth Equity Portfolio - Class I		783,102		3.0
					24,606,884		94.9
			Unaffiliated Investment Companies: 1.4%
	73,855		Credit Suisse Commodity Return Strategy Fund - Class I		368,538		1.4
		Total Mutual Funds
		(Cost $23,841,231)			24,975,422		96.3
		Total Investments in Securities (Cost $24,741,510)		$	25,915,125		99.9
		Assets in Excess of Other Liabilities			30,332		0.1
		Net Assets		$	25,945,457		100.0

Voya Solution 2040 Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	939,703	$	–	$	–	$	939,703
Mutual Funds		24,975,422		–		–		24,975,422
Total Investments, at fair value	$	25,915,125	$	–	$	–	$	25,915,125

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income			Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	716,631	$	62,431	$	(26,767	)	$	5,959		$	758,254	$	-		$	9,843		$	-
Voya Floating Rate Fund - Class I		709,033		136,878		(26,938	)		2,909			821,882		7,470			(136	)		-
Voya High Yield Bond Fund - Class R6		474,061		94,728		(17,457	)		(13,365	)		537,967		6,949			411			-
Voya Index Plus LargeCap Portfolio - Class I		723,119		93,647		(26,372	)		(23,070	)		767,324		-			7,613			-
Voya Intermediate Bond Fund - Class R6		531,804		111,086		(20,508	)		(11,051	)		611,331		4,474			(408	)		-
Voya International Index Portfolio - Class I		722,786		657,647		(62,090	)		(20,998	)		1,297,345		-			12,557			-
Voya Large Cap Growth Portfolio - Class I		2,046,017		265,332		(95,590	)		4,941			2,220,700		-			21,904			-
Voya Large Cap Value Fund - Class R6		848,290		202,901		(78,289	)		(23,964	)		948,938		-			1,128			-
Voya Multi-Manager International Factors Fund - Class I		1,671,763		218,509		(63,017	)		(21,133	)		1,806,122		-			13,015			-
Voya MidCap Opportunities Portfolio - Class I		959,098		124,862		(36,827	)		9,420			1,056,553		-			9,866			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		1,078,082		171,685		(51,405	)		(9,889	)		1,188,473		-			24,930			-
Voya Multi-Manager International Equity Fund - Class I		1,903,492		249,724		(70,238	)		(26,904	)		2,056,074		-			14,925			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		2,061,552		312,155		(123,235	)		(61,493	)		2,188,979		(1	)		20,155			-
Voya Multi-Manager Mid Cap Value Fund - Class I		947,181		145,592		(30,700	)		(25,184	)		1,036,889		-			5,034			-
Voya Small Company Portfolio - Class I		1,176,801		187,946		(41,195	)		(26,875	)		1,296,677		-			3,475			-
Voya U.S. Stock Index Portfolio - Class I		1,200,241		834,284		(71,120	)		(47,023	)		1,916,382		-			11,169			-
VY® Clarion Global Real Estate Portfolio - Class I		360,576		63,400		(13,874	)		(16,857	)		393,245		-			(473	)		-
VY® Clarion Real Estate Portfolio - Class I		353,513		3,560		(350,449	)		(6,624	)		-		-			(7,438	)		-
VY® Invesco Comstock Portfolio - Class I		1,089,042		140,470		(47,255	)		(44,878	)		1,137,379		-			16,002			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		1,591,703		247,533		(56,171	)		203			1,783,268		-			4,131			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		709,249		93,646		(39,059	)		19,266			783,102		-			6,723			-
	$	21,874,034	$	4,418,016	$	(1,348,556	)	$	(336,610	)	$	24,606,884	$	18,892		$	174,426		$	-

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

At March 31, 2018, 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 $24,801,482.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	1,248,945
Gross Unrealized Depreciation		(135,302	)
Net Unrealized Appreciation	$	1,113,643

Voya Solution 2045 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 4.9%
	156,124		iShares MSCI EMU Index Fund	$	6,767,976		1.0
	223,973		iShares Russell 1000 Value Index Fund		26,867,801		3.9
		Total Exchange-Traded Funds
		(Cost $30,791,019)			33,635,777		4.9
MUTUAL FUNDS: 95.0%
			Affiliated Investment Companies: 93.4%
	1,558,444		Voya Emerging Markets Index Portfolio - Class I		20,462,365		3.0
	1,261,666		Voya Floating Rate Fund - Class I		12,452,647		1.8
	707,142		Voya Index Plus LargeCap Portfolio - Class I		20,188,895		3.0
	3,011,522		Voya Intermediate Bond Fund - Class R6		29,814,073		4.4
	3,831,805		Voya International Index Portfolio - Class I		40,808,720		6.0
	3,393,956		Voya Large Cap Growth Portfolio - Class I		71,578,524		10.5
	2,067,446		Voya Large Cap Value Fund - Class R6		26,876,801		3.9
	2,332,398		Voya MidCap Opportunities Portfolio - Class I		34,659,440		5.1
	2,490,292		Voya Multi-Manager Emerging Markets Equity Fund - Class I		33,818,166		5.0
	4,965,729		Voya Multi-Manager International Equity Fund - Class I		60,979,146		8.9
	3,851,818		Voya Multi-Manager International Factors Fund - Class I		40,713,712		6.0
	4,078,654		Voya Multi-Manager Large Cap Core Portfolio - Class I		67,583,295		9.9
	2,917,658		Voya Multi-Manager Mid Cap Value Fund - Class I		34,107,421		5.0
	1,576,853		Voya Small Company Portfolio - Class I		34,138,861		5.0
	2,829,805		Voya U.S. Stock Index Portfolio - Class I		44,031,769		6.5
	867,772		VY® Clarion Global Real Estate Portfolio - Class I		10,343,848		1.5
	1,702,103		VY® Invesco Comstock Portfolio - Class I		33,718,653		4.9
	212,773		VY® T. Rowe Price Growth Equity Portfolio - Class I		20,577,280		3.0
					636,853,616		93.4
			Unaffiliated Investment Companies: 1.6%
	2,115,282		Credit Suisse Commodity Return Strategy Fund - Class I		10,555,258		1.6
		Total Mutual Funds
		(Cost $588,896,600)			647,408,874		95.0
		Total Investments in Securities (Cost $619,687,619)		$	681,044,651		99.9
		Assets in Excess of Other Liabilities			522,275		0.1
		Net Assets		$	681,566,926		100.0

Voya Solution 2045 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	33,635,777	$	–	$	–	$	33,635,777
Mutual Funds		647,408,874		–		–		647,408,874
Total Investments, at fair value	$	681,044,651	$	–	$	–	$	681,044,651

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	20,777,032	$	390,841	$	(888,812	)	$	183,304		$	20,462,365	$	-	$	311,557		$	-
Voya Floating Rate Fund - Class I		11,967,575		975,755		(555,511	)		64,828			12,452,647		120,283		(17,158	)		-
Voya Index Plus LargeCap Portfolio - Class I		20,933,949		390,841		(566,169	)		(569,726	)		20,188,895		-		185,190			-
Voya Intermediate Bond Fund - Class R6		29,065,981		2,831,022		(1,487,593	)		(595,337	)		29,814,073		233,334		(28,019	)		-
Voya International Index Portfolio - Class I		41,315,142		1,081,682		(1,014,826	)		(573,278	)		40,808,720		-		239,151			-
Voya Large Cap Growth Portfolio - Class I		72,865,831		1,367,944		(3,250,432	)		595,181			71,578,524		-		499,043			-
Voya Large Cap Value Fund - Class R6		27,471,662		1,592,634		(1,480,930	)		(706,565	)		26,876,801		-		42,975			-
Voya MidCap Opportunities Portfolio - Class I		34,704,127		651,402		(1,166,993	)		470,904			34,659,440		-		259,180			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		34,567,986		651,402		(1,573,714	)		172,492			33,818,166		-		402,766			-
Voya Multi-Manager International Factors Fund - Class I		41,469,698		781,682		(1,479,200	)		(58,468	)		40,713,712		-		(73,431	)		-
Voya Multi-Manager International Equity Fund - Class I		61,967,101		1,322,523		(1,868,042	)		(442,436	)		60,979,146		-		176,791			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		69,881,536		2,027,804		(2,698,231	)		(1,627,814	)		67,583,295		-		462,650			-
Voya Multi-Manager Mid Cap Value Fund - Class I		34,261,826		1,463,266		(1,161,912	)		(455,759	)		34,107,421		-		(209,473	)		-
Voya Small Company Portfolio - Class I		34,056,436		1,630,741		(918,390	)		(629,926	)		34,138,861		-		34,050			-
Voya U.S. Stock Index Portfolio - Class I		34,475,635		12,128,360		(1,695,126	)		(877,100	)		44,031,769		-		178,253			-
VY® Clarion Global Real Estate Portfolio - Class I		10,435,378		693,029		(281,473	)		(503,086	)		10,343,848		-		4,259			-
VY® Clarion Real Estate Portfolio - Class I		10,225,929		6,438		(9,414,256	)		(818,111	)		-		-		412,338			-
VY® Invesco Comstock Portfolio - Class I		35,028,298		1,151,402		(1,274,139	)		(1,186,908	)		33,718,653		-		371,474			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		20,523,413		390,841		(890,060	)		553,086			20,577,280		-		255,047			-
	$	645,994,535	$	31,529,609	$	(33,665,809	)	$	(7,004,719	)	$	636,853,616	$	353,617	$	3,506,643		$	-

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

At March 31, 2018, 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 $630,307,863.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	62,893,355
Gross Unrealized Depreciation		(12,156,567	)
Net Unrealized Appreciation	$	50,736,788

Voya Solution 2050 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 4.8%
	4,681		iShares MSCI EMU Index Fund	$	202,922		1.0
	6,573		iShares Russell 1000 Value Index Fund		788,497		3.8
		Total Exchange-Traded Funds
		(Cost $968,947)			991,419		4.8
MUTUAL FUNDS: 95.1%
			Affiliated Investment Companies: 93.6%
	46,225		Voya Emerging Markets Index Portfolio - Class I		606,933		2.9
	21,668		Voya Index Plus LargeCap Portfolio - Class I		618,621		3.0
	88,443		Voya Intermediate Bond Fund - Class R6		875,582		4.2
	127,773		Voya International Index Portfolio - Class I		1,360,778		6.5
	99,339		Voya Large Cap Growth Portfolio - Class I		2,095,056		10.1
	65,353		Voya Large Cap Value Fund - Class R6		849,591		4.1
	78,094		Voya MidCap Opportunities Portfolio - Class I		1,160,479		5.6
	85,061		Voya Multi-Manager Emerging Markets Equity Fund - Class I		1,155,130		5.5
	168,750		Voya Multi-Manager International Equity Fund - Class I		2,072,251		9.9
	108,271		Voya Multi-Manager International Factors Fund - Class I		1,144,422		5.5
	125,430		Voya Multi-Manager Large Cap Core Portfolio - Class I		2,078,373		10.0
	98,331		Voya Multi-Manager Mid Cap Value Fund - Class I		1,149,484		5.5
	48,286		Voya Small Company Portfolio - Class I		1,045,399		5.0
	85,484		Voya U.S. Stock Index Portfolio - Class I		1,330,126		6.4
	26,609		VY® Clarion Global Real Estate Portfolio - Class I		317,184		1.5
	51,446		VY® Invesco Comstock Portfolio - Class I		1,019,151		4.9
	6,525		VY® T. Rowe Price Growth Equity Portfolio - Class I		631,040		3.0
					19,509,600		93.6
			Unaffiliated Investment Companies: 1.5%
	62,462		Credit Suisse Commodity Return Strategy Fund - Class I		311,684		1.5
		Total Mutual Funds
		(Cost $19,001,651)			19,821,284		95.1
		Total Investments in Securities (Cost $19,970,598)		$	20,812,703		99.9
		Assets in Excess of Other Liabilities			28,590		0.1
		Net Assets		$	20,841,293		100.0

Voya Solution 2050 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	991,419	$	–	$	–	$	991,419
Mutual Funds		19,821,284		–		–		19,821,284
Total Investments, at fair value	$	20,812,703	$	–	$	–	$	20,812,703

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value  at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	522,773	$	90,807	$	(12,139	)	$	5,492		$	606,933	$	-	$	4,035		$	-
Voya Index Plus LargeCap Portfolio - Class I		526,443		133,629		(20,609	)		(20,842	)		618,621		-		6,610			-
Voya Intermediate Bond Fund - Class R6		688,393		235,093		(33,294	)		(14,610	)		875,582		6,227		(948	)		-
Voya International Index Portfolio - Class I		795,233		704,313		(104,632	)		(34,136	)		1,360,778		-		22,239			-
Voya Large Cap Growth Portfolio - Class I		1,752,542		445,430		(95,310	)		(7,606	)		2,095,056		-		24,863			-
Voya Large Cap Value Fund - Class R6		719,055		356,344		(204,156	)		(21,652	)		849,591		-		(764	)		-
Voya MidCap Opportunities Portfolio - Class I		960,355		244,987		(55,447	)		10,584			1,160,479		-		6,937			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		962,309		289,530		(74,952	)		(21,757	)		1,155,130		-		32,390			-
Voya Multi-Manager International Factors Fund - Class I		956,636		244,987		(39,139	)		(18,062	)		1,144,422		-		9,342			-
Voya Multi-Manager International Equity Fund - Class I		1,732,844		445,430		(68,897	)		(37,126	)		2,072,251		-		17,677			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		1,769,516		512,245		(129,469	)		(73,919	)		2,078,373		-		27,964			-
Voya Multi-Manager Mid Cap Value Fund - Class I		948,448		269,934		(37,978	)		(30,920	)		1,149,484		-		6,498			-
Voya Small Company Portfolio - Class I		857,232		249,318		(34,558	)		(26,593	)		1,045,399		-		5,875			-
Voya U.S. Stock Index Portfolio - Class I		702,479		733,919		(68,711	)		(37,561	)		1,330,126		-		8,155			-
VY® Clarion Global Real Estate Portfolio - Class I		262,548		80,167		(12,323	)		(13,208	)		317,184		-		(193	)		-
VY® Clarion Real Estate Portfolio - Class I		257,431		6,071		(259,251	)		(4,251	)		-		-		(6,101	)		-
VY® Invesco Comstock Portfolio - Class I		880,949		222,715		(40,340	)		(44,173	)		1,019,151		-		14,947			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		516,444		133,629		(31,569	)		12,536			631,040		-		4,956			-
	$	15,811,630	$	5,398,548	$	(1,322,774	)	$	(377,804	)	$	19,509,600	$	6,227	$	184,482		$	-

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

At March 31, 2018, 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 $20,019,958.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	899,822
Gross Unrealized Depreciation		(107,077	)
Net Unrealized Appreciation	$	792,745

Voya Solution 2055 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 4.8%
	41,878		iShares MSCI EMU Index Fund	$	1,815,411		1.0
	60,078		iShares Russell 1000 Value Index Fund		7,206,957		3.8
		Total Exchange-Traded Funds
		(Cost $8,366,985)			9,022,368		4.8
MUTUAL FUNDS: 95.1%
			Affiliated Investment Companies: 93.6%
	431,583		Voya Emerging Markets Index Portfolio - Class I		5,666,687		3.0
	195,850		Voya Index Plus LargeCap Portfolio - Class I		5,591,522		3.0
	786,535		Voya Intermediate Bond Fund - Class R6		7,786,692		4.1
	1,150,114		Voya International Index Portfolio - Class I		12,248,719		6.5
	894,724		Voya Large Cap Growth Portfolio - Class I		18,869,736		10.0
	584,744		Voya Large Cap Value Fund - Class R6		7,601,669		4.0
	710,422		Voya MidCap Opportunities Portfolio - Class I		10,556,874		5.6
	760,068		Voya Multi-Manager Emerging Markets Equity Fund - Class I		10,321,718		5.5
	1,536,183		Voya Multi-Manager International Equity Fund - Class I		18,864,333		10.0
	978,101		Voya Multi-Manager International Factors Fund - Class I		10,338,530		5.5
	1,130,992		Voya Multi-Manager Large Cap Core Portfolio - Class I		18,740,533		9.9
	888,787		Voya Multi-Manager Mid Cap Value Fund - Class I		10,389,916		5.5
	436,593		Voya Small Company Portfolio - Class I		9,452,233		5.0
	786,458		Voya U.S. Stock Index Portfolio - Class I		12,237,288		6.5
	240,356		VY® Clarion Global Real Estate Portfolio - Class I		2,865,046		1.5
	473,173		VY® Invesco Comstock Portfolio - Class I		9,373,548		5.0
	59,067		VY® T. Rowe Price Growth Equity Portfolio - Class I		5,712,395		3.0
					176,617,439		93.6
			Unaffiliated Investment Companies: 1.5%
	567,456		Credit Suisse Commodity Return Strategy Fund - Class I		2,831,603		1.5
		Total Mutual Funds
		(Cost $162,884,176)			179,449,042		95.1
		Total Investments in Securities (Cost $171,251,161)		$	188,471,410		99.9
		Assets in Excess of Other Liabilities			144,755		0.1
		Net Assets		$	188,616,165		100.0

Voya Solution 2055 Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	9,022,368	$	–	$	–	$	9,022,368
Mutual Funds		179,449,042		–		–		179,449,042
Total Investments, at fair value	$	188,471,410	$	–	$	–	$	188,471,410

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	5,475,181	$	341,176	$	(201,525	)	$	51,855		$	5,666,687	$	-	$	70,105		$	-
Voya Index Plus LargeCap Portfolio - Class I		5,514,741		341,176		(114,331	)		(150,064	)		5,591,522		-		36,726			-
Voya Intermediate Bond Fund - Class R6		7,207,720		1,033,707		(303,311	)		(151,424	)		7,786,692		59,328		(4,545	)		-
Voya International Index Portfolio - Class I		11,793,184		829,214		(208,762	)		(164,917	)		12,248,719		-		50,743			-
Voya Large Cap Growth Portfolio - Class I		18,358,198		1,137,253		(756,710	)		130,995			18,869,736		-		121,116			-
Voya Large Cap Value Fund - Class R6		7,307,918		909,802		(371,570	)		(244,481	)		7,601,669		-		53,140			-
Voya MidCap Opportunities Portfolio - Class I		10,057,476		625,489		(284,854	)		158,763			10,556,874		-		43,554			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		10,020,297		625,489		(374,411	)		50,343			10,321,718		-		100,222			-
Voya Multi-Manager International Equity Fund - Class I		18,212,399		1,277,253		(430,006	)		(195,313	)		18,864,333		-		91,791			-
Voya Multi-Manager International Factors Fund - Class I		10,016,175		625,489		(217,503	)		(85,631	)		10,338,530		-		38,956			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		18,457,614		1,357,253		(659,527	)		(414,807	)		18,740,533		-		69,478			-
Voya Multi-Manager Mid Cap Value Fund - Class I		9,930,042		880,197		(215,191	)		(205,132	)		10,389,916		-		(3,762	)		-
Voya Small Company Portfolio - Class I		8,973,535		843,691		(205,552	)		(159,441	)		9,452,233		-		(13,345	)		-
Voya U.S. Stock Index Portfolio - Class I		9,126,805		3,809,998		(405,581	)		(293,934	)		12,237,288		-		82,176			-
VY® Clarion Global Real Estate Portfolio - Class I		2,749,338		307,019		(57,027	)		(134,284	)		2,865,046		-		635			-
VY® Clarion Real Estate Portfolio - Class I		2,694,436		4,931		(2,583,505	)		(115,862	)		-		-		9,067			-
VY® Invesco Comstock Portfolio - Class I		9,228,238		738,626		(288,272	)		(305,044	)		9,373,548		-		68,083			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		5,407,241		341,176		(182,635	)		146,613			5,712,395		-		56,643			-
	$	170,530,538	$	16,028,940	$	(7,860,274	)	$	(2,081,765	)	$	176,617,439	$	59,328	$	870,783		$	-

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

At March 31, 2018, 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 $175,808,339.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	17,546,677
Gross Unrealized Depreciation		(4,883,606	)
Net Unrealized Appreciation	$	12,663,071

Voya Solution 2060 Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 4.7%
	2,023		iShares MSCI EMU Index Fund	$	87,697		0.9
	3,105		iShares Russell 1000 Value Index Fund		372,476		3.8
		Total Exchange-Traded Funds
		(Cost $451,391)			460,173		4.7
MUTUAL FUNDS: 95.2%
			Affiliated Investment Companies: 93.8%
	21,891		Voya Emerging Markets Index Portfolio - Class I		287,427		2.9
	10,292		Voya Index Plus LargeCap Portfolio - Class I		293,840		3.0
	41,984		Voya Intermediate Bond Fund - Class R6		415,641		4.2
	60,857		Voya International Index Portfolio - Class I		648,125		6.6
	47,427		Voya Large Cap Growth Portfolio - Class I		1,000,234		10.1
	31,188		Voya Large Cap Value Fund - Class R6		405,448		4.1
	37,423		Voya MidCap Opportunities Portfolio - Class I		556,109		5.6
	41,036		Voya Multi-Manager Emerging Markets Equity Fund - Class I		557,269		5.6
	80,128		Voya Multi-Manager International Equity Fund - Class I		983,973		10.0
	51,411		Voya Multi-Manager International Factors Fund - Class I		543,414		5.5
	59,658		Voya Multi-Manager Large Cap Core Portfolio - Class I		988,529		10.0
	46,693		Voya Multi-Manager Mid Cap Value Fund - Class I		545,837		5.5
	22,927		Voya Small Company Portfolio - Class I		496,366		5.0
	40,341		Voya U.S. Stock Index Portfolio - Class I		627,702		6.3
	12,632		VY® Clarion Global Real Estate Portfolio - Class I		150,574		1.5
	24,434		VY® Invesco Comstock Portfolio - Class I		484,043		4.9
	3,100		VY® T. Rowe Price Growth Equity Portfolio - Class I		299,770		3.0
					9,284,301		93.8
			Unaffiliated Investment Companies: 1.4%
	27,422		Credit Suisse Commodity Return Strategy Fund - Class I		136,836		1.4
		Total Mutual Funds
		(Cost $9,088,764)			9,421,137		95.2
		Total Investments in Securities (Cost $9,540,155)		$	9,881,310		99.9
		Assets in Excess of Other Liabilities			13,508		0.1
		Net Assets		$	9,894,818		100.0

Voya Solution 2060 Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	460,173	$	–	$	–	$	460,173
Mutual Funds		9,421,137		–		–		9,421,137
Total Investments, at fair value	$	9,881,310	$	–	$	–	$	9,881,310

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 March 31, 2018, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/17		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 3/31/18		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	250,250	$	41,163	$	(6,682	)	$	2,696		$	287,427	$	-	$	2,300		$	-
Voya Index Plus LargeCap Portfolio - Class I		252,872		61,744		(11,486	)		(9,290	)		293,840		-		3,209			-
Voya Intermediate Bond Fund - Class R6		330,694		109,784		(17,300	)		(7,537	)		415,641		2,986		20			-
Voya International Index Portfolio - Class I		385,797		329,856		(53,171	)		(14,357	)		648,125		-		10,237			-
Voya Large Cap Growth Portfolio - Class I		841,927		205,813		(49,423	)		1,916			1,000,233		-		8,863			-
Voya Large Cap Value Fund - Class R6		350,302		164,650		(100,782	)		(8,722	)		405,448		-		(560	)		-
Voya MidCap Opportunities Portfolio - Class I		461,369		113,197		(22,840	)		4,383			556,109		-		5,138			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		463,578		133,778		(32,310	)		(7,777	)		557,269		-		13,899			-
Voya Multi-Manager International Equity Fund - Class I		832,548		205,813		(38,575	)		(15,813	)		983,973		-		8,648			-
Voya Multi-Manager International Factors Fund - Class I		459,616		113,197		(22,185	)		(7,214	)		543,414		-		4,162			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		851,812		236,684		(70,413	)		(29,554	)		988,529		-		10,546			-
Voya Multi-Manager Mid Cap Value Fund - Class I		455,611		124,820		(21,015	)		(13,579	)		545,837		-		2,799			-
Voya Small Company Portfolio - Class I		411,844		115,291		(20,412	)		(10,357	)		496,366		-		1,237			-
Voya U.S. Stock Index Portfolio - Class I		338,728		332,823		(27,094	)		(16,755	)		627,702		-		4,097			-
VY® Clarion Global Real Estate Portfolio - Class I		126,120		37,343		(6,759	)		(6,130	)		150,574		-		(265	)		-
VY® Clarion Real Estate Portfolio - Class I		123,669		6,703		(127,882	)		(2,490	)		-		-		(2,617	)		-
VY® Invesco Comstock Portfolio - Class I		423,059		102,906		(22,441	)		(19,480	)		484,044		-		6,726			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		248,149		61,744		(16,644	)		6,521			299,770		-		2,670			-
	$	7,607,945	$	2,497,309	$	(667,414	)	$	(153,539	)	$	9,284,301	$	2,986	$	81,109		$	-

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

At March 31, 2018, 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 $9,552,494.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	368,687
Gross Unrealized Depreciation		(39,871	)
Net Unrealized Appreciation	$	328,816

VY® American Century Small-Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 97.0%
			Consumer Discretionary: 5.5%
	24,336		Advance Auto Parts, Inc.	$	2,885,033		0.8
	45,151		Camping World Holdings, Inc.		1,456,120		0.4
	16,987		Carnival Corp.		1,114,007		0.3
	7,636		Delphi Automotive PLC		648,831		0.2
	248,428		Entravision Communications Corp.		1,167,611		0.3
	19,185		Genuine Parts Co.		1,723,580		0.5
	19,338	(1)	Helen of Troy Ltd.		1,682,406		0.5
	64,593	(2)	Honda Motor Co., Ltd. ADR		2,243,315		0.6
	13,238	(1)	Malibu Boats, Inc.		439,634		0.1
	26,875	(1)	MarineMax, Inc.		522,719		0.2
	8,884	(1)	MCBC Holdings, Inc.		223,877		0.1
	19,069		Penske Auto Group, Inc.		845,329		0.2
	58,355		Pulte Group, Inc.		1,720,889		0.5
	14,771	(1)	Red Robin Gourmet Burgers, Inc.		856,718		0.2
	30,971		Target Corp.		2,150,316		0.6
	18,419		Townsquare Media, Inc.		146,063		0.0
					19,826,448		5.5
			Consumer Staples: 9.3%
	132,101		Conagra Brands, Inc.		4,871,885		1.4
	5,980		Dr Pepper Snapple Group, Inc.		707,912		0.2
	27,154	(1),(2)	Edgewell Personal Care Co.		1,325,658		0.4
	14,969		Energizer Holdings, Inc.		891,853		0.2
	75,131		General Mills, Inc.		3,385,403		0.9
	22,107	(1)	Hain Celestial Group, Inc.		708,972		0.2
	18,934		JM Smucker Co.		2,348,005		0.7
	10,964		John B Sanfilippo & Son, Inc.		634,487		0.2
	57,957		Kellogg Co.		3,767,785		1.0
	21,503		Molson Coors Brewing Co.		1,619,821		0.5
	87,659		Mondelez International, Inc.		3,658,010		1.0
	235,064		Orkla ASA		2,533,283		0.7
	62,593		Sysco Corp.		3,753,076		1.0
	43,766	(1)	TreeHouse Foods, Inc.		1,674,925		0.5
	41,690	(1)	US Foods Holding Corp.		1,366,181		0.4
					33,247,256		9.3
			Energy: 9.2%
	36,699		Anadarko Petroleum Corp.		2,216,987		0.6
	70,731	(1)	Ardmore Shipping Corp.		537,556		0.2
	113,199		Baker Hughes a GE Co.		3,143,536		0.9
	8,599	(1)	Cactus, Inc.		231,571		0.1
	22,199		Cimarex Energy Co.		2,075,606		0.6
	89,990		Devon Energy Corp.		2,860,782		0.8
	15,732	(1),(2)	Dril-Quip, Inc.		704,794		0.2
	72,340		EQT Corp.		3,436,873		1.0
	39,478	(1),(2)	Extraction Oil & Gas, Inc.		452,418		0.1
	7,078	(1)	FTS International, Inc.		130,164		0.0
	20,312		Halliburton Co.		953,445		0.3
	16,799	(1)	Helix Energy Solutions Group, Inc.		97,266		0.0
	7,302		Helmerich & Payne, Inc.		486,021		0.1
	114,812		Imperial Oil Ltd.		3,040,622		0.8
	7,608	(1)	Keane Group, Inc.		112,598		0.0
	5,767	(1),(2)	Liberty Oilfield Services, Inc.		97,405		0.0
	24,196		Marathon Petroleum Corp.		1,768,970		0.5
	87,159		National Oilwell Varco, Inc.		3,208,323		0.9
	103,799		Noble Energy, Inc.		3,145,110		0.9
	36,662		Occidental Petroleum Corp.		2,381,564		0.7
	29,764	(2)	Scorpio Tankers, Inc.		58,337		0.0
	44,647	(2),(3)	Spectra Energy Partners L.P.		1,501,925		0.4
	13,690	(1),(2)	WildHorse Resource Development Corp.		261,342		0.1
					32,903,215		9.2
			Financials: 25.3%
	39,082		Aflac, Inc.		1,710,228		0.5
	19,744		Ameriprise Financial, Inc.		2,920,927		0.8
	27,932		Amerisafe, Inc.		1,543,243		0.4
	82,083	(2),(3)	Ares Management L.P.		1,756,576		0.5
	26,806		Arthur J. Gallagher & Co.		1,842,376		0.5
	22,517		Aspen Insurance Holdings Ltd.		1,009,887		0.3
	31,998		Bank of Hawaii Corp.		2,659,034		0.7
	54,408		Bank of the Ozarks, Inc.		2,626,274		0.7
	68,076		BankUnited, Inc.		2,721,679		0.8
	88,882		BB&T Corp.		4,625,419		1.3
	74,340		Boston Private Financial Holdings, Inc.		1,118,817		0.3
	49,956		Brown & Brown, Inc.		1,270,881		0.4
	157,515		Capitol Federal Financial, Inc.		1,945,310		0.5
	24,174		Chubb Ltd.		3,306,278		0.9
	7,802		Comerica, Inc.		748,446		0.2
	44,777		Commerce Bancshares, Inc.		2,682,590		0.8
	185,649	(2),(3)	Compass Diversified Holdings		3,044,644		0.9
	47,811	(1)	Donnelley Financial Solutions, Inc.		820,915		0.2
	32,002	(1)	FCB Financial Holdings, Inc.		1,635,302		0.5
	65,835		First Hawaiian, Inc.		1,832,188		0.5
	164,482		FNB Corp.		2,212,283		0.6
	26,517	(2)	Granite Point Mortgage Trust, Inc.		438,591		0.1
	9,055		Hanover Insurance Group, Inc.		1,067,494		0.3
	83,620		Home Bancshares, Inc./Conway AR		1,907,372		0.5
	149,505		Invesco Ltd.		4,785,655		1.3
	42,843		James River Group Holdings Ltd.		1,519,641		0.4

VY® American Century Small-Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Financials: (continued)
	13,482		Kinsale Capital Group, Inc.	$	692,031		0.2
	44,619		LegacyTexas Financial Group, Inc.		1,910,586		0.5
	18,809		M&T Bank Corp.		3,467,627		1.0
	57,842		Northern Trust Corp.		5,965,246		1.7
	8,131		PNC Financial Services Group, Inc.		1,229,732		0.4
	17,253		Popular, Inc.		718,070		0.2
	18,872		ProAssurance Corp.		916,236		0.3
	12,583		Reinsurance Group of America, Inc.		1,937,782		0.5
	12,281		RenaissanceRe Holdings Ltd.		1,701,041		0.5
	18,345		RLI Corp.		1,162,890		0.3
	8,964		Southside Bancshares, Inc.		311,409		0.1
	37,104		SunTrust Banks, Inc.		2,524,556		0.7
	9,033		T. Rowe Price Group, Inc.		975,293		0.3
	8,985	(1)	Texas Capital Bancshares, Inc.		807,752		0.2
	9,963		Torchmark Corp.		838,586		0.2
	5,350		Travelers Cos., Inc.		742,901		0.2
	35,781		Two Harbors Investment Corp.		549,954		0.2
	45,197		UMB Financial Corp.		3,271,811		0.9
	9,041		Unum Group		430,442		0.1
	20,951		Validus Holdings Ltd.		1,413,145		0.4
	229,924		Valley National Bancorp		2,864,853		0.8
	43,646	(2)	Westamerica Bancorp.		2,534,960		0.7
					90,718,953		25.3
			Health Care: 7.2%
	44,479		Cardinal Health, Inc.		2,787,944		0.8
	23,529	(1)	Express Scripts Holding Co.		1,625,383		0.5
	18,645		HCA Healthcare, Inc.		1,808,565		0.5
	24,933	(1)	Henry Schein, Inc.		1,675,747		0.5
	62,441	(1)	LifePoint Health, Inc.		2,934,727		0.8
	14,836		McKesson Corp.		2,089,947		0.6
	10,652	(1)	Providence Service Corp.		736,479		0.2
	23,292		Quest Diagnostics, Inc.		2,336,188		0.6
	30,071	(1),(4)	Siemens Healthineers AG		1,235,830		0.3
	24,720		STERIS PLC		2,307,859		0.6
	58,441		Zimmer Biomet Holdings, Inc.		6,372,407		1.8
					25,911,076		7.2
			Industrials: 15.2%
	62,229		Actuant Corp.		1,446,824		0.4
	20,751	(2)	Apogee Enterprises, Inc.		899,556		0.3
	25,089		AZZ, Inc.		1,096,389		0.3
	65,200		Ceco Environmental Corp.		290,140		0.1
	48,650	(1)	CSW Industrials, Inc.		2,191,683		0.6
	9,317		Cummins, Inc.		1,510,193		0.4
	12,421		Deluxe Corp.		919,278		0.3
	14,919	(1)	DXP Enterprises, Inc.		581,095		0.2
	10,245	(1),(2)	Dycom Industries, Inc.		1,102,669		0.3
	29,134		Eaton Corp. PLC		2,328,098		0.6
	44,736		Emerson Electric Co.		3,055,469		0.9
	24,416		EnPro Industries, Inc.		1,889,310		0.5
	13,583	(1)	Esterline Technologies Corp.		993,596		0.3
	73,515	(1)	Foundation Building Materials, Inc.		1,096,109		0.3
	27,440	(1)	Gibraltar Industries, Inc.		928,844		0.3
	43,770		Global Brass & Copper Holdings, Inc.		1,464,107		0.4
	4,679	(1)	GMS, Inc.		142,990		0.0
	24,974		Graham Corp.		534,943		0.1
	132,229		Heartland Express, Inc.		2,378,800		0.7
	31,752		Hubbell, Inc.		3,866,759		1.1
	23,613	(1)	Huron Consulting Group, Inc.		899,655		0.3
	93,640		IMI PLC		1,420,434		0.4
	22,806		Ingersoll-Rand PLC - Class A		1,950,141		0.5
	145,195	(1)	Innerworkings, Inc.		1,314,015		0.4
	167,457		Johnson Controls International plc		5,901,185		1.6
	11,894		LSC Communications, Inc.		207,550		0.1
	36,475		MSC Industrial Direct Co.		3,345,122		0.9
	4,002		Multi-Color Corp.		264,332		0.1
	8,931		Norfolk Southern Corp.		1,212,651		0.3
	18,909		Paccar, Inc.		1,251,209		0.3
	3,174		Parker Hannifin Corp.		542,849		0.2
	24,258		Republic Services, Inc.		1,606,607		0.4
	4,136	(1)	Rexnord Corp.		122,756		0.0
	40,097		Southwest Airlines Co.		2,296,756		0.6
	47,058		Textron, Inc.		2,775,010		0.8
	9,294	(1)	Thermon Group Holdings, Inc.		208,279		0.1
	2,773		Valmont Industries, Inc.		405,690		0.1
					54,441,093		15.2
			Information Technology: 8.8%
	37,628		Applied Materials, Inc.		2,092,493		0.6
	40,912		Avnet, Inc.		1,708,485		0.5
	30,937		Belden, Inc.		2,132,797		0.6
	61,046	(1)	Cray, Inc.		1,263,652		0.3
	43,813		CSRA, Inc.		1,806,410		0.5
	34,595		Cypress Semiconductor Corp.		586,731		0.2
	104,192		EVERTEC, Inc.		1,703,539		0.5
	57,810		HP, Inc.		1,267,195		0.4
	62,144	(1)	Keysight Technologies, Inc.		3,255,724		0.9
	36,072	(1)	Kulicke & Soffa Industries, Inc.		902,161		0.2
	50,658		Maxim Integrated Products		3,050,625		0.8
	17,715		Microchip Technology, Inc.		1,618,443		0.4
	15,901	(1)	OSI Systems, Inc.		1,037,858		0.3
	64,369	(1),(2)	Presidio, Inc.		1,006,731		0.3
	20,739		TE Connectivity Ltd.		2,071,826		0.6
	7,911	(1)	Tech Data Corp.		673,464		0.2

VY® American Century Small-Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Information Technology: (continued)
	45,497	(1)	Teradata Corp.	$	1,804,866		0.5
	57,056		Teradyne, Inc.		2,608,030		0.7
	63,756	(1)	VeriFone Holdings, Inc.		980,567		0.3
					31,571,597		8.8
			Materials: 7.2%
	80,359		Bemis Co., Inc.		3,497,224		1.0
	412,810		Graphic Packaging Holding Co.		6,336,633		1.8
	45,411		Innophos Holdings, Inc.		1,825,976		0.5
	14,942		Innospec, Inc.		1,025,021		0.3
	31,436		Minerals Technologies, Inc.		2,104,640		0.6
	17,307		PolyOne Corp.		735,894		0.2
	105,682		Silgan Holdings, Inc.		2,943,244		0.8
	54,743		Sonoco Products Co.		2,655,036		0.7
	69,371		WestRock Co.		4,451,537		1.3
					25,575,205		7.2
			Real Estate: 5.1%
	12,485		American Tower Corp.		1,814,570		0.5
	13,314		Armada Hoffler Properties, Inc.		182,269		0.1
	37,426		CareTrust REIT, Inc.		501,508		0.1
	24,219		Community Healthcare Trust, Inc.		623,397		0.2
	46,239		Empire State Realty Trust, Inc.		776,353		0.2
	5,960		EPR Properties		330,184		0.1
	100,820		Kite Realty Group Trust		1,535,488		0.4
	41,080		Lexington Realty Trust		323,299		0.1
	82,177		MedEquities Realty Trust, Inc.		863,680		0.2
	54,078		Medical Properties Trust, Inc.		703,014		0.2
	63,853		MGM Growth Properties LLC		1,694,659		0.5
	96,808		Piedmont Office Realty Trust, Inc.		1,702,853		0.5
	16,213		RLJ Lodging Trust		315,181		0.1
	40,528		Sabra Healthcare REIT, Inc.		715,319		0.2
	23,575		Summit Hotel Properties, Inc.		320,856		0.1
	11,980		Urstadt Biddle Properties, Inc.		231,214		0.1
	16,376		Weingarten Realty Investors		459,838		0.1
	145,134		Weyerhaeuser Co.		5,079,690		1.4
					18,173,372		5.1
			Utilities: 4.2%
	15,913		Ameren Corp.		901,153		0.2
	15,155		Atmos Energy Corp.		1,276,657		0.4
	35,339		Edison International		2,249,681		0.6
	20,013		Eversource Energy		1,179,166		0.3
	45,136		NorthWestern Corp.		2,428,317		0.7
	22,792		Pinnacle West Capital Corp.		1,818,802		0.5
	24,765		Spire, Inc.		1,790,509		0.5
	77,559		Xcel Energy, Inc.		3,527,383		1.0
					15,171,668		4.2
		Total Common Stock
		(Cost $324,036,293)			347,539,883		97.0
EXCHANGE-TRADED FUNDS: 0.8%
	35,555		iShares Russell Midcap Value Index Fund		3,073,019		0.8
		Total Exchange-Traded Funds
		(Cost $3,215,120)			3,073,019		0.8
PREFERRED STOCK: 0.2%
			Industrials: 0.2%
	9,013	(1)	Rexnord Corp.		579,355		0.2
		Total Preferred Stock
		(Cost $461,253)			579,355		0.2
		Total Long-Term Investments
		(Cost $327,712,666)			351,192,257		98.0

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 4.2%
		Securities Lending Collateral(5): 2.5%
	440,421	Bank of Nova Scotia, Repurchase Agreement dated 03/29/18, 1.77%, due 04/02/18 (Repurchase Amount $440,506, collateralized by various U.S. Government Securities, 0.000%-4.500%, Market Value plus accrued interest $449,251, due 04/19/18-09/09/49)		440,421		0.1
	2,094,192	Cantor Fitzgerald Securities, Repurchase Agreement dated 03/29/18, 1.80%, due 04/02/18 (Repurchase Amount $2,094,605, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-9.500%, Market Value plus accrued interest $2,136,076, due 03/31/18-02/20/68)		2,094,192		0.6

VY® American Century Small-Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: (continued)
		Securities Lending Collateral(5) (continued)
	2,094,192	NBC Global Finance Ltd., Repurchase Agreement dated 03/29/18, 1.71%, due 04/02/18 (Repurchase Amount $2,094,584, collateralized by various U.S. Government Securities, 0.000%-3.625%, Market Value plus accrued interest $2,136,076, due 06/30/19-09/09/49)	$	2,094,192		0.6
	2,094,192	Nomura Securities, Repurchase Agreement dated 03/29/18, 1.82%, due 04/02/18 (Repurchase Amount $2,094,610, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-7.500%, Market Value plus accrued interest $2,136,076, due 04/02/18-02/20/68)		2,094,192		0.6
	2,094,200	State of Wisconsin Investment Board, Repurchase Agreement dated 03/29/18, 2.10%, due 04/02/18 (Repurchase Amount $2,094,682, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $2,143,576, due 04/15/19-02/15/47)		2,094,200		0.6
				8,817,197		2.5

Shares				Value			Percentage of Net Assets
			Mutual Funds: 1.7%
	6,135,329	(6)	BlackRock Liquidity Funds, FedFund, Institutional Class, 1.550%
			(Cost $6,135,329)		6,135,329			1.7
		Total Short-Term Investments
		(Cost $14,952,526)			14,952,526			4.2
		Total Investments in Securities (Cost $342,665,192)		$	366,144,783			102.2
		Liabilities in Excess of Other Assets			(7,811,549	)		(2.2	)
		Net Assets		$	358,333,234			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)	Security is a Master Limited Partnership.
(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)	Represents securities purchased with cash collateral received for securities on loan.
(6)	Rate shown is the 7-day yield as of March 31, 2018.

VY® American Century Small-Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs# (Level 2)			Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Common Stock
Consumer Discretionary	$	19,826,448	$	–		$	–	$	19,826,448
Consumer Staples		30,713,973		2,533,283			–		33,247,256
Energy		32,903,215		–			–		32,903,215
Financials		90,718,953		–			–		90,718,953
Health Care		25,911,076		–			–		25,911,076
Industrials		53,020,659		1,420,434			–		54,441,093
Information Technology		31,571,597		–			–		31,571,597
Materials		25,575,205		–			–		25,575,205
Real Estate		18,173,372		–			–		18,173,372
Utilities		15,171,668		–			–		15,171,668
Total Common Stock		343,586,166		3,953,717			–		347,539,883
Exchange-Traded Funds		3,073,019		–			–		3,073,019
Preferred Stock		579,355		–			–		579,355
Short-Term Investments		6,135,329		8,817,197			–		14,952,526
Total Investments, at fair value	$	353,373,869	$	12,770,914		$	–	$	366,144,783
Other Financial Instruments+
Forward Foreign Currency Contracts		–		34,791			–		34,791
Total Assets	$	353,373,869	$	12,805,705		$	–	$	366,179,574
Liabilities Table
Other Financial Instruments+
Forward Foreign Currency Contracts	$	–	$	(20,094	)	$	–	$	(20,094	)
Total Liabilities	$	–	$	(20,094	)	$	–	$	(20,094	)

+

Other Financial Instruments may include open forward foreign currency contracts, futures, centrally cleared swaps, OTC swaps and written options. Forward foreign currency contracts, futures and centrally cleared swaps are 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 March 31, 2018, 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)
JPY 8,607,214	USD 82,467	Credit Suisse AG	06/29/18	$	(1,097	)
USD 1,374,449	JPY 145,123,960	Credit Suisse AG	06/29/18		2,485
USD 46,213	NOK 363,561	JPMorgan Chase Bank N.A.	04/04/18		(168	)
USD 2,286,759	NOK 17,661,094	JPMorgan Chase Bank N.A.	06/29/18		27,292
NOK 589,210	USD 76,959	JPMorgan Chase Bank N.A.	06/29/18		(1,579	)
CAD 94,663	USD 73,896	Morgan Stanley	06/29/18		(297	)
GBP 31,270	USD 44,402	Morgan Stanley	06/29/18		(364	)
USD 64,398	CAD 82,952	Morgan Stanley	06/29/18		(96	)
USD 1,227,964	GBP 868,538	Morgan Stanley	06/29/18		4,817
USD 2,617,304	CAD 3,385,404	Morgan Stanley	06/29/18		(14,798	)
USD 37,738	EUR 30,308	UBS AG	06/29/18		197
USD 972,158	EUR 786,217	UBS AG	06/29/18		(1,695	)
				$	14,697

VY® American Century Small-Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited) (Continued)

Currency Abbreviations
CAD	-	Canadian Dollar
EUR	-	EU Euro
GBP	-	British Pound
JPY	-	Japanese Yen
NOK	-	Norwegian Krone
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 March 31, 2018 was as follows:

Derivatives not accounted for as hedging instruments

		Fair Value
Asset Derivatives	Instrument Type
Foreign exchange contracts	Forward foreign currency contracts	$	34,791
Total Asset Derivatives		$	34,791
Liability Derivatives	Instrument Type
Foreign exchange contracts	Forward foreign currency contracts	$	20,094
Total Liability Derivatives		$	20,094

At March 31, 2018, 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 $346,200,555.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	39,309,828
Gross Unrealized Depreciation		(19,350,705	)
Net Unrealized Appreciation	$	19,959,123

VY® Baron Growth Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 99.8%
			Consumer Discretionary: 33.4%
	230,000	(1)	Bright Horizons Family Solutions, Inc.	$	22,935,600		3.2
	34,000		Camping World Holdings, Inc.		1,096,500		0.1
	544,900		Choice Hotels International, Inc.		43,673,735		6.0
	67,000		Dick's Sporting Goods, Inc.		2,348,350		0.3
	640,000		Manchester United PLC - Class A		12,288,000		1.7
	188,200		Marriott Vacations Worldwide Corp.		25,068,240		3.4
	43,123	(1)	Ollie's Bargain Outlet Holdings, Inc.		2,600,317		0.4
	472,571	(1)	Penn National Gaming, Inc.		12,409,714		1.7
	551,000	(1)	Pinnacle Entertainment, Inc.		16,612,650		2.3
	213,000		Red Rock Resorts, Inc.		6,236,640		0.9
	131,000	(1)	Under Armour, Inc. - Class A		2,141,850		0.3
	429,200		Vail Resorts, Inc.		95,153,640		13.1
					242,565,236		33.4
			Consumer Staples: 1.2%
	103,000		Church & Dwight Co., Inc.		5,187,080		0.7
	116,900	(1)	Performance Food Group Co.		3,489,465		0.5
					8,676,545		1.2
			Financials: 20.3%
	187,000	(1)	Arch Capital Group Ltd.		16,005,330		2.2
	270,000	(2)	Carlyle Group L.P.		5,764,500		0.8
	317,200		Cohen & Steers, Inc.		12,897,352		1.8
	65,500	(1)	Essent Group Ltd.		2,787,680		0.4
	82,000		Factset Research Systems, Inc.		16,352,440		2.2
	278,000		Financial Engines, Inc.		9,730,000		1.3
	39,065		Houlihan Lokey, Inc.		1,742,299		0.2
	123,241		Kinsale Capital Group, Inc.		6,325,961		0.9
	9,289	(1)	LendingTree, Inc.		3,048,185		0.4
	80,000		Moelis & Co.		4,068,000		0.6
	141,100		Morningstar, Inc.		13,477,872		1.9
	181,000		MSCI, Inc. - Class A		27,054,070		3.7
	150,900	(2)	Oaktree Capital Group LLC		5,975,640		0.8
	231,000		Primerica, Inc.		22,314,600		3.1
					147,543,929		20.3
			Health Care: 9.0%
	94,500		Bio-Techne Corp.		14,273,280		1.9
	65,000	(1)	Denali Therapeutics, Inc.		1,279,850		0.2
	147,000	(1)	IDEXX Laboratories, Inc.		28,134,330		3.9
	17,967	(1)	Mettler Toledo International, Inc.		10,331,564		1.4
	62,677	(1)	Neogen Corp.		4,198,732		0.6
	83,000		West Pharmaceutical Services, Inc.		7,328,070		1.0
					65,545,826		9.0
			Industrials: 7.7%
	64,300		Air Lease Corp.		2,740,466		0.4
	117,700	(1)	CoStar Group, Inc.		42,687,436		5.9
	35,500	(1)	Middleby Corp.		4,394,545		0.6
	54,400	(1)	Trex Co., Inc.		5,917,088		0.8
					55,739,535		7.7
			Information Technology: 18.8%
	89,734	(1)	2U, Inc.		7,540,348		1.0
	91,000	(1)	Altair Engineering, Inc.		2,853,760		0.4
	176,700	(1)	ANSYS, Inc.		27,687,123		3.8
	283,700	(1)	Benefitfocus, Inc.		6,922,280		1.0
	6,858	(1)	Ellie Mae, Inc.		630,525		0.1
	265,600	(1)	Gartner, Inc.		31,239,872		4.3
	164,000	(1)	Guidewire Software, Inc.		13,256,120		1.8
	15,000		Littelfuse, Inc.		3,122,700		0.4
	199,200		Maximus, Inc.		13,294,608		1.8
	482,000		SS&C Technologies Holdings, Inc.		25,854,480		3.6
	52,500	(1)	Wix.com Ltd.		4,176,375		0.6
					136,578,191		18.8
			Real Estate: 8.0%
	11,800		Alexander's, Inc.		4,498,514		0.6
	82,000		Alexandria Real Estate Equities, Inc.		10,240,980		1.4
	68,838		American Assets Trust, Inc.		2,299,878		0.3
	470,000		Douglas Emmett, Inc.		17,277,200		2.4
	699,650		Gaming and Leisure Properties, Inc.		23,417,285		3.3
					57,733,857		8.0
			Telecommunication Services: 1.4%
	910,711	(1)	Iridium Communications, Inc.		10,245,499		1.4
		Total Common Stock
		(Cost $250,751,427)			724,628,618		99.8
		Assets in Excess of Other Liabilities			1,544,788		0.2
		Net Assets		$	726,173,406		100.0

(1)	Non-income producing security.
(2)	Security is a Master Limited Partnership.

VY® Baron Growth Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Common Stock*	$	724,628,618	$	–	$	–	$	724,628,618
Total Investments, at fair value	$	724,628,618	$	–	$	–	$	724,628,618

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

At March 31, 2018, 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 $256,199,111.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	474,236,745
Gross Unrealized Depreciation		(5,807,238	)
Net Unrealized Appreciation	$	468,429,507

VY® Columbia Contrarian Core Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 97.9%
			Consumer Discretionary: 12.2%
	5,555	(1)	Amazon.com, Inc.	$	8,039,974		2.6
	2,662	(1)	Autozone, Inc.		1,726,813		0.6
	202,874		Comcast Corp. – Class A		6,932,205		2.3
	5,186		Dollar General Corp.		485,150		0.2
	11,455		Expedia, Inc.		1,264,747		0.4
	72,819		Lowe's Cos, Inc.		6,389,867		2.1
	4,552		Marriott International, Inc.		618,981		0.2
	12,911		McDonald's Corp.		2,019,022		0.7
	25,240		PVH Corp.		3,822,093		1.2
	5,280		Royal Caribbean Cruises Ltd.		621,667		0.2
	26,710		Starbucks Corp.		1,546,242		0.5
	67,490		Tapestry, Inc.		3,550,649		1.2
					37,017,410		12.2
			Consumer Staples: 7.5%
	54,875		Conagra Brands, Inc.		2,023,790		0.7
	9,849		CVS Health Corp.		612,706		0.2
	124,275		Mondelez International, Inc.		5,185,996		1.7
	21,289		PepsiCo, Inc.		2,323,694		0.7
	95,715		Philip Morris International, Inc.		9,514,071		3.1
	54,305		Sysco Corp.		3,256,128		1.1
					22,916,385		7.5
			Energy: 6.0%
	131,408		Canadian Natural Resources Ltd.		4,135,410		1.3
	55,081		Chevron Corp.		6,281,437		2.1
	33,794		EOG Resources, Inc.		3,557,494		1.2
	93,276		Halliburton Co.		4,378,376		1.4
					18,352,717		6.0
			Financials: 16.5%
	26,350		Aon PLC		3,697,696		1.2
	82,646		Bank of New York Mellon Corp.		4,258,748		1.4
	42,727	(1)	Berkshire Hathaway, Inc. – Class B		8,523,182		2.8
	4,526		Blackrock, Inc.		2,451,825		0.8
	110,077		Citigroup, Inc.		7,430,198		2.5
	14,545		Goldman Sachs Group, Inc.		3,663,304		1.2
	108,953		JPMorgan Chase & Co.		11,981,561		4.0
	108,445		Morgan Stanley		5,851,692		1.9
	11,190		S&P Global, Inc.		2,137,961		0.7
					49,996,167		16.5
			Health Care: 13.3%
	42,793		Abbott Laboratories		2,564,157		0.9
	18,470	(1)	Alexion Pharmaceuticals, Inc.		2,058,666		0.7
	23,005		Allergan plc		3,871,511		1.3
	6,826		AmerisourceBergen Corp.		588,470		0.2
	11,560		Anthem, Inc.		2,539,732		0.8
	15,620	(1)	Biogen, Inc.		4,277,068		1.4
	20,910		Bristol-Myers Squibb Co.		1,322,558		0.4
	7,140	(1)	Celgene Corp.		636,959		0.2
	9,118		Cigna Corp.		1,529,453		0.5
	73,822		Johnson & Johnson		9,460,289		3.1
	67,558		Medtronic PLC		5,419,503		1.8
	127,181		Pfizer, Inc.		4,513,654		1.5
	8,931	(1)	Vertex Pharmaceuticals, Inc.		1,455,574		0.5
					40,237,594		13.3
			Industrials: 7.8%
	17,277		Eaton Corp. PLC		1,380,605		0.4
	34,269		FedEx Corp.		8,228,330		2.7
	11,000		General Dynamics Corp.		2,429,900		0.8
	49,677		Honeywell International, Inc.		7,178,823		2.4
	73,738		Johnson Controls International plc		2,598,527		0.9
	30,683		Southwest Airlines Co.		1,757,522		0.6
					23,573,707		7.8
			Information Technology: 26.0%
	11,040		Activision Blizzard, Inc.		744,758		0.2
	4,253	(1)	Alphabet, Inc. - Class A		4,410,957		1.5
	8,904	(1)	Alphabet, Inc. - Class C		9,187,058		3.0
	77,366		Apple, Inc.		12,980,468		4.3
	71,408		Applied Materials, Inc.		3,970,999		1.3
	24,866		Broadcom Ltd.		5,859,673		1.9
	137,555		Cisco Systems, Inc.		5,899,734		1.9
	6,349	(1)	Electronic Arts, Inc.		769,753		0.3
	51,465	(1)	Facebook, Inc.		8,223,592		2.7
	36,130		Fidelity National Information Services, Inc.		3,479,319		1.2
	59,040	(1)	First Data Corp.		944,640		0.3
	8,558	(1)	FleetCor Technologies, Inc.		1,732,995		0.6
	38,191		Mastercard, Inc. - Class A		6,689,536		2.2
	114,905		Microsoft Corp.		10,487,379		3.5
	10,235	(1)	Palo Alto Networks, Inc.		1,857,857		0.6
	18,255		Total System Services, Inc.		1,574,676		0.5
					78,813,394		26.0
			Materials: 3.5%
	69,900		Mosaic Co.		1,697,172		0.6
	57,735		Nucor Corp.		3,527,031		1.2
	42,995		Sealed Air Corp.		1,839,756		0.6
	8,833		Sherwin-Williams Co.		3,463,596		1.1
					10,527,555		3.5
			Real Estate: 2.2%
	38,665		American Tower Corp.		5,619,571		1.8
	2,905		Equinix, Inc.		1,214,697		0.4
					6,834,268		2.2
			Telecommunication Services: 2.9%
	144,810		AT&T, Inc.		5,162,477		1.7

VY® Columbia Contrarian Core Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Telecommunication Services: (continued)
	77,872		Verizon Communications, Inc.	$	3,723,839		1.2
					8,886,316		2.9
		Total Common Stock
		(Cost $241,797,318)			297,155,513		97.9

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: –%
			Materials: –%
	649,000	(2)	SINO Forest Corp. Escrow, 08/01/2049		–		–
		Total Corporate Bonds/Notes
		(Cost $–)			–		–
		Total Long-Term Investments
		(Cost $241,797,318)			297,155,513		97.9

Shares				Value			Percentage of Net Assets
SHORT-TERM INVESTMENTS: 2.1%
			Mutual Funds: 2.1%
	6,478,434	(3)	BlackRock Liquidity Funds, FedFund, Institutional Class, 1.550%
			(Cost $6,478,434)		6,478,434			2.1
		Total Short-Term Investments
		(Cost $6,478,434)			6,478,434			2.1
		Total Investments in Securities (Cost $248,275,752)		$	303,633,947			100.0
		Liabilities in Excess of Other Assets			(137,824	)		–
		Net Assets		$	303,496,123			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 March 31, 2018.

VY® Columbia Contrarian Core Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Common Stock*	$	297,155,513	$	–	$	–	$	297,155,513
Corporate Bonds/Notes		–		–		–		–
Short-Term Investments		6,478,434		–		–		6,478,434
Total Investments, at fair value	$	303,633,947	$	–	$	–	$	303,633,947

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

At March 31, 2018, 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 $249,328,618.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	58,704,228
Gross Unrealized Depreciation		(4,398,899	)
Net Unrealized Appreciation	$	54,305,329

VY® Columbia Small Cap Value II Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 98.4%
			Consumer Discretionary: 10.2%
	40,000		Aarons, Inc.	$	1,864,000		0.9
	52,000	(1)	Adtalem Global Education, Inc.		2,472,600		1.2
	115,000		American Eagle Outfitters, Inc.		2,291,950		1.1
	15,600		Childrens Place, Inc./The		2,109,900		1.1
	16,300	(1)	Cooper-Standard Holdings, Inc.		2,001,803		1.0
	47,500	(1)	Genesco, Inc.		1,928,500		1.0
	24,000	(1)	Hibbett Sports, Inc.		574,800		0.3
	26,500		Nexstar Media Group, Inc.		1,762,250		0.9
	29,800	(1)	Red Robin Gourmet Burgers, Inc.		1,728,400		0.9
	50,300		Tower International, Inc.		1,395,825		0.7
	83,544	(1)	William Lyon Homes		2,296,624		1.1
					20,426,652		10.2
			Consumer Staples: 0.7%
	30,500	(1)	United Natural Foods, Inc.		1,309,670		0.7
			Energy: 6.3%
	28,500		Arch Coal, Inc.		2,618,580		1.3
	24,000	(1)	C&J Energy Services, Inc.		619,680		0.3
	178,000	(1)	Callon Petroleum Co.		2,356,720		1.2
	40,000	(1)	Carrizo Oil & Gas, Inc.		640,000		0.3
	61,000	(1)	Diamond Offshore Drilling		894,260		0.5
	47,369	(1)	FTS International, Inc.		871,116		0.4
	81,000		Patterson-UTI Energy, Inc.		1,418,310		0.7
	27,200		PBF Energy, Inc.		922,080		0.5
	230,000	(1)	SRC Energy, Inc.		2,168,900		1.1
					12,509,646		6.3
			Financials: 33.9%
	65,000		American Equity Investment Life Holding Co.		1,908,400		1.0
	54,000		Ameris Bancorp.		2,856,600		1.4
	26,000		Amerisafe, Inc.		1,436,500		0.7
	39,100		Argo Group International Holdings Ltd.		2,244,340		1.1
	33,000		Blackstone Mortgage Trust, Inc.		1,036,860		0.5
	66,000	(1)	BofI Holding, Inc.		2,674,980		1.3
	58,000		Cathay General Bancorp.		2,318,840		1.2
	68,000		CNO Financial Group, Inc.		1,473,560		0.7
	48,000		Community Bank System, Inc.		2,570,880		1.3
	34,000	(1)	Encore Capital Group, Inc.		1,536,800		0.8
	54,500		Hancock Holding Co.		2,817,650		1.4
	72,000		Hope Bancorp, Inc.		1,309,680		0.7
	51,000		Houlihan Lokey, Inc.		2,274,600		1.1
	41,000		Independent Bank Corp.		2,933,550		1.5
	39,000		Invesco Mortgage Capital, Inc.		638,820		0.3
	43,000		MB Financial, Inc.		1,740,640		0.9
	225,000	(1)	MBIA, Inc.		2,083,500		1.0
	206,365	(1)	MGIC Investment Corp.		2,682,745		1.3
	43,921		Moelis & Co.		2,233,383		1.1
	29,000		Prosperity Bancshares, Inc.		2,106,270		1.1
	63,500		Renasant Corp.		2,702,560		1.4
	56,500		Sandy Spring Bancorp, Inc.		2,189,940		1.1
	193,000	(1)	SLM Corp.		2,163,530		1.1
	124,000		Sterling Bancorp, Inc./DE		2,796,200		1.4
	29,500		Stifel Financial Corp.		1,747,285		0.9
	75,000		TCF Financial Corp.		1,710,750		0.9
	33,200		UMB Financial Corp.		2,403,348		1.2
	79,000		Union Bankshares Corp.		2,900,090		1.4
	32,573		Virtu Financial, Inc.		1,074,909		0.5
	33,000	(1)	Western Alliance Bancorp.		1,917,630		1.0
	31,500		Wintrust Financial Corp.		2,710,575		1.4
	51,000		WSFS Financial Corp.		2,442,900		1.2
					67,638,315		33.9
			Health Care: 6.9%
	58,000	(1)	Alder Biopharmaceuticals, Inc.		736,600		0.4
	36,033	(1)	Almost Family, Inc.		2,017,848		1.0
	10,000	(1)	Atara Biotherapeutics, Inc.		390,000		0.2
	5,700	(1)	Bluebird Bio, Inc.		973,275		0.5
	142,000	(1)	Horizon Pharma PLC		2,016,400		1.0
	38,500	(1)	Immunomedics, Inc.		562,485		0.3
	106,500	(1)	Impax Laboratories, Inc.		2,071,425		1.0
	19,500	(1)	LHC Group, Inc.		1,200,420		0.6
	11,500	(1)	LivaNova PLC		1,017,750		0.5
	38,000	(1)	Merit Medical Systems, Inc.		1,723,300		0.9
	13,000	(1)	Molina Healthcare, Inc.		1,055,340		0.5
					13,764,843		6.9
			Industrials: 14.5%
	31,000		ABM Industries, Inc.		1,037,880		0.5
	30,500	(1)	Armstrong World Industries, Inc.		1,717,150		0.9
	34,500		Barnes Group, Inc.		2,066,205		1.0
	59,000	(1)	Covenant Transportation Group, Inc.		1,759,970		0.9
	11,000		Curtiss-Wright Corp.		1,485,770		0.7
	31,500		Deluxe Corp.		2,331,315		1.2
	26,000		EMCOR Group, Inc.		2,026,180		1.0
	34,000		Granite Construction, Inc.		1,899,240		1.0
	26,000		Hawaiian Holdings, Inc.		1,006,200		0.5
	86,000	(1)	Hertz Global Holdings, Inc.		1,707,100		0.9
	50,000		Kennametal, Inc.		2,008,000		1.0
	13,788		Korn/Ferry International		711,323		0.4
	43,500	(1)	Mastec, Inc.		2,046,675		1.0

VY® Columbia Small Cap Value II Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Industrials: (continued)
	48,500	(1)	Navistar International Corp.	$	1,696,045		0.9
	16,500		Oshkosh Corp.		1,274,955		0.6
	51,500		Skywest, Inc.		2,801,600		1.4
	41,200		Triton International Ltd./Bermuda		1,260,720		0.6
					28,836,328		14.5
			Information Technology: 8.3%
	34,800	(1)	Avaya Holdings Corp.		779,520		0.4
	38,000	(1)	Ciena Corp.		984,200		0.5
	62,500		Cohu, Inc.		1,425,625		0.7
	17,400		Ebix, Inc.		1,296,300		0.6
	14,800	(1)	Electronics for Imaging, Inc.		404,484		0.2
	39,000		Entegris, Inc.		1,357,200		0.7
	75,000	(1)	Extreme Networks, Inc.		830,250		0.4
	33,500	(1)	Ichor Holdings Ltd.		811,035		0.4
	34,000	(1)	II-VI, Inc.		1,390,600		0.7
	60,000	(1)	Kulicke & Soffa Industries, Inc.		1,500,600		0.7
	104,000	(1)	Oclaro, Inc.		994,240		0.5
	6,100	(1)	Rogers Corp.		729,194		0.4
	24,500		Science Applications International Corp.		1,930,600		1.0
	10,500		SYNNEX Corp.		1,243,200		0.6
	60,018	(1)	TTM Technologies, Inc.		917,675		0.5
					16,594,723		8.3
			Materials: 6.0%
	71,000	(1)	Allegheny Technologies, Inc.		1,681,280		0.8
	22,500		Carpenter Technology Corp.		992,700		0.5
	107,000	(1)	Cleveland-Cliffs, Inc.		743,650		0.4
	33,000	(1)	Cliffs Natural Resources, Inc.		229,350		0.1
	33,500		Materion Corp.		1,710,175		0.9
	25,500		Neenah, Inc.		1,999,200		1.0
	48,000		Olin Corp.		1,458,720		0.7
	81,659		Orion Engineered Carbons SA		2,212,959		1.1
	16,000	(1)	US Concrete, Inc.		966,400		0.5
					11,994,434		6.0
			Real Estate: 6.1%
	25,090		American Assets Trust, Inc.		838,257		0.4
	70,500		Brandywine Realty Trust		1,119,540		0.6
	58,000		Chesapeake Lodging Trust		1,612,980		0.8
	97,000		First Industrial Realty Trust, Inc.		2,835,310		1.4
	41,000		Hudson Pacific Properties, Inc.		1,333,730		0.7
	40,000		Mack-Cali Realty Corp.		668,400		0.3
	16,000		PS Business Parks, Inc.		1,808,640		0.9
	129,000		Sunstone Hotel Investors, Inc.		1,963,380		1.0
					12,180,237		6.1
			Telecommunication Services: 0.6%
	122,000	(1)	Vonage Holdings Corp.		1,299,300		0.6
			Utilities: 4.9%
	66,000		New Jersey Resources Corp.		2,646,600		1.3
	29,500		ONE Gas, Inc.		1,947,590		1.0
	51,500		PNM Resources, Inc.		1,969,875		1.0
	64,000		South Jersey Industries, Inc.		1,802,240		0.9
	20,500		Southwest Gas Holdings, Inc.		1,386,415		0.7
					9,752,720		4.9
		Total Common Stock
		(Cost $151,652,250)			196,306,868		98.4
SHORT-TERM INVESTMENTS: 1.0%
			Mutual Funds: 1.0%
	1,950,674	(2)	BlackRock Liquidity Funds, FedFund, Institutional Class, 1.550%
			(Cost $1,950,674)		1,950,674		1.0
		Total Short-Term Investments
		(Cost $1,950,674)			1,950,674		1.0
		Total Investments in Securities
		(Cost $153,602,924)		$	198,257,542		99.4
		Assets in Excess of Other Liabilities			1,228,327		0.6
		Net Assets		$	199,485,869		100.0

(1)	Non-income producing security.
(2)	Rate shown is the 7-day yield as of March 31, 2018.

VY® Columbia Small Cap Value II Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Common Stock*	$	196,306,868	$	–	$	–	$	196,306,868
Short-Term Investments		1,950,674		–		–		1,950,674
Total Investments, at fair value	$	198,257,542	$	–	$	–	$	198,257,542

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

At March 31, 2018, 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 $153,604,324.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	47,120,694
Gross Unrealized Depreciation		(2,467,476	)
Net Unrealized Appreciation	$	44,653,218

VY® Invesco Comstock Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 94.5%
			Consumer Discretionary: 6.0%
	36,999		Advance Auto Parts, Inc.	$	4,386,231		0.9
	117,159		Carnival Corp.		7,683,287		1.6
	41,981		CBS Corp. - Class B		2,157,404		0.4
	6,223	(1)	Charter Communications, Inc.		1,936,722		0.4
	77,345		Comcast Corp. – Class A		2,642,879		0.6
	240,345		General Motors Co.		8,734,137		1.8
	37,504		Twenty-First Century Fox, Inc. - Class B		1,364,021		0.3
					28,904,681		6.0
			Consumer Staples: 4.3%
	87,524		Archer-Daniels-Midland Co.		3,795,916		0.8
	48,667		CVS Health Corp.		3,027,574		0.6
	77,038		Danone		6,246,423		1.3
	45,557		Reckitt Benckiser Group PLC		3,845,357		0.8
	43,215		Walmart, Inc.		3,844,838		0.8
					20,760,108		4.3
			Energy: 17.0%
	42,697		Anadarko Petroleum Corp.		2,579,326		0.5
	224,244		BP PLC ADR		9,090,852		1.9
	156,370		Canadian Natural Resources Ltd.		4,915,578		1.0
	78,915		Chevron Corp.		8,999,467		1.9
	217,491		Devon Energy Corp.		6,914,039		1.4
	97,961		Halliburton Co.		4,598,289		1.0
	116,323		Hess Corp.		5,888,270		1.2
	519,355		Marathon Oil Corp.		8,377,196		1.7
	103,796		Noble Energy, Inc.		3,145,019		0.6
	61,180		Occidental Petroleum Corp.		3,974,253		0.8
	230,531	(1)	QEP Resources, Inc.		2,256,898		0.5
	170,653		Royal Dutch Shell PLC - Class A ADR		10,889,368		2.3
	311,117		Suncor Energy, Inc.		10,745,981		2.2
					82,374,536		17.0
			Financials: 32.2%
	62,164		Aflac, Inc.		2,720,297		0.6
	132,239		American International Group, Inc.		7,196,446		1.5
	52,675		Allstate Corp.		4,993,590		1.0
	155,201		Ally Financial, Inc.		4,213,707		0.9
	792,470		Bank of America Corp.		23,766,175		4.9
	129,719		Bank of New York Mellon Corp.		6,684,420		1.4
	380,466		Citigroup, Inc.		25,681,455		5.3
	143,799		Citizens Financial Group, Inc.		6,036,682		1.3
	275,237		Fifth Third Bancorp		8,738,775		1.8
	21,916		Goldman Sachs Group, Inc.		5,519,764		1.1
	166,214		JPMorgan Chase & Co.		18,278,554		3.8
	100,111		Keycorp		1,957,170		0.4
	164,081		Metlife, Inc.		7,529,677		1.6
	191,509		Morgan Stanley		10,333,826		2.1
	54,295		PNC Financial Services Group, Inc.		8,211,576		1.7
	64,107		State Street Corp.		6,393,391		1.3
	142,769		Wells Fargo & Co.		7,482,523		1.5
					155,738,028		32.2
			Health Care: 14.2%
	34,772		Allergan plc		5,851,780		1.2
	32,759		Anthem, Inc.		7,197,152		1.5
	14,526	(1)	Biogen, Inc.		3,977,509		0.8
	74,593		Cardinal Health, Inc.		4,675,489		1.0
	46,054		Gilead Sciences, Inc.		3,472,011		0.7
	28,448		McKesson Corp.		4,007,470		0.8
	42,430		Medtronic PLC		3,403,735		0.7
	84,967		Merck & Co., Inc.		4,628,153		1.0
	134,773	(1)	Mylan NV		5,548,604		1.1
	50,526		Novartis AG		4,086,587		0.9
	255,388		Pfizer, Inc.		9,063,720		1.9
	154,865		Sanofi ADR		6,206,989		1.3
	130,534		Shire PLC		6,496,640		1.3
					68,615,839		14.2
			Industrials: 7.1%
	94,410		Arconic, Inc.		2,175,207		0.4
	26,018		Caterpillar, Inc.		3,834,533		0.8
	96,803		Eaton Corp. PLC		7,735,528		1.6
	42,963		Emerson Electric Co.		2,934,373		0.6
	173,086		General Electric Co.		2,333,199		0.5
	30,938		Ingersoll-Rand PLC - Class A		2,645,508		0.5
	205,947		Johnson Controls International plc		7,257,572		1.5
	98,006		Textron, Inc.		5,779,414		1.2
					34,695,334		7.1
			Information Technology: 11.0%
	343,678		Cisco Systems, Inc.		14,740,349		3.0
	45,775		Cognizant Technology Solutions Corp.		3,684,887		0.8
	131,300	(1)	eBay, Inc.		5,283,512		1.1
	173,801		Intel Corp.		9,051,556		1.9
	88,273		Microsoft Corp.		8,056,677		1.7
	54,808		NetApp, Inc.		3,381,106		0.7
	35,201	(1)	PayPal Holdings, Inc.		2,670,700		0.5
	116,801		Qualcomm, Inc.		6,471,943		1.3
					53,340,730		11.0
			Materials: 1.9%
	25,000	(1)	Alcoa Corp.		1,124,000		0.2
	103,028		CF Industries Holdings, Inc.		3,887,246		0.8
	75,699		International Paper Co.		4,044,598		0.9
					9,055,844		1.9
			Telecommunication Services: 0.8%
	1,428,256		Vodafone Group PLC		3,907,744		0.8
		Total Common Stock
		(Cost $363,070,325)			457,392,844		94.5

VY® Invesco Comstock Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Shares				Value			Percentage of Net Assets
CLOSED-END FUNDS: 0.5%
			Information Technology: 0.5%
	32,121	(1)	Altaba, Inc.	$	2,378,238			0.5
		Total Closed-End Funds
		(Cost $952,753)			2,378,238			0.5
		Total Long-Term Investments
		(Cost $364,023,078)			459,771,082			95.0
SHORT-TERM INVESTMENTS: 5.0%
			Mutual Funds: 5.0%
	24,213,228	(2)	BlackRock Liquidity Funds, FedFund, Institutional Class, 1.550%
			(Cost $24,213,228)		24,213,228			5.0
		Total Short-Term Investments
		(Cost $24,213,228)			24,213,228			5.0
		Total Investments in Securities
		(Cost $388,236,306)		$	483,984,310			100.0
		Liabilities in Excess of Other Assets			(152,670	)		–
		Net Assets		$	483,831,640			100.0

ADR	American Depositary Receipt
(1)	Non-income producing security.
(2)	Rate shown is the 7-day yield as of March 31, 2018.

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs# (Level 2)			Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Common Stock
Consumer Discretionary	$	28,904,681	$	–		$	–	$	28,904,681
Consumer Staples		10,668,328		10,091,780			–		20,760,108
Energy		82,374,536		–			–		82,374,536
Financials		155,738,028		–			–		155,738,028
Health Care		58,032,612		10,583,227			–		68,615,839
Industrials		34,695,334		–			–		34,695,334
Information Technology		53,340,730		–			–		53,340,730
Materials		9,055,844		–			–		9,055,844
Telecommunication Services		–		3,907,744			–		3,907,744
Total Common Stock		432,810,093		24,582,751			–		457,392,844
Closed-End Funds		2,378,238		–			–		2,378,238
Short-Term Investments		24,213,228		–			–		24,213,228
Total Investments, at fair value	$	459,401,559	$	24,582,751		$	–	$	483,984,310
Other Financial Instruments+
Forward Foreign Currency Contracts		–		58,183			–		58,183
Total Assets	$	459,401,559	$	24,640,934		$	–	$	484,042,493
Liabilities Table
Other Financial Instruments+
Forward Foreign Currency Contracts	$	–	$	(114,026	)	$	–	$	(114,026	)

VY® Invesco Comstock Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (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 March 31, 2018
Total Liabilities	$	–	$	(114,026	)	$	–	$	(114,026	)

+

Other Financial Instruments may include open forward foreign currency contracts, futures, centrally cleared swaps, OTC swaps and written options. Forward foreign currency contracts, futures and centrally cleared swaps are 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 March 31, 2018, the following forward foreign currency contracts were outstanding for VY® Invesco Comstock Portfolio:

Currency Purchased	Currency Sold	Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
USD 2,493,007	CAD 3,259,548	Barclays Bank PLC	04/20/18	$	(37,845	)
USD 691,963	CHF 656,838	Barclays Bank PLC	04/20/18		3,934
USD 3,757,773	GBP 2,667,512	Barclays Bank PLC	04/20/18		12,550
USD 2,928,831	EUR 2,375,226	CIBC World Markets Corp.	04/20/18		2,699
USD 2,929,675	EUR 2,375,225	Goldman Sachs International	04/20/18		3,542
USD 3,756,404	GBP 2,667,512	Goldman Sachs International	04/20/18		11,182
USD 691,926	CHF 656,838	Goldman Sachs International	04/20/18		3,897
USD 692,006	CHF 656,838	JPMorgan Chase Bank N.A.	04/20/18		3,977
USD 2,492,733	CAD 3,259,548	JPMorgan Chase Bank N.A.	04/20/18		(38,119	)
USD 2,930,387	EUR 2,375,226	JPMorgan Chase Bank N.A.	04/20/18		4,255
USD 3,753,470	GBP 2,667,512	RBC Capital Markets Corp.	04/20/18		8,248
USD 2,492,790	CAD 3,259,548	RBC Capital Markets Corp.	04/20/18		(38,062	)
USD 2,930,031	EUR 2,375,226	RBC Capital Markets Corp.	04/20/18		3,899
				$	(55,843	)

Currency Abbreviations
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 March 31, 2018 was as follows:

Derivatives not accounted for as hedging instruments		Fair Value
Asset Derivatives	Instrument Type
Foreign exchange contracts	Forward foreign currency contracts	$	58,183
Total Asset Derivatives		$	58,183
Liability Derivatives	Instrument Type
Foreign exchange contracts	Forward foreign currency contracts	$	114,026
Total Liability Derivatives		$	114,026

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 March 31, 2018:

	Barclays Bank PLC			CIBC World Markets Corp.		Goldman Sachs International		JPMorgan Chase Bank N.A.			RBC Capital Markets Corp.			Totals
Assets:
Forward foreign currency contracts	$	16,484		$	2,699	$	18,621	$	8,232		$	12,147		$	58,183
Total Assets	$	16,484		$	2,699	$	18,621	$	8,232		$	12,147		$	58,183
Liabilities:
Forward foreign currency contracts	$	37,845		$	-	$	-	$	38,119		$	38,062		$	114,026
Total Liabilities	$	37,845		$	-	$	-	$	38,119		$	38,062		$	114,026
Net OTC derivative instruments by counterparty, at fair value	$	(21,361	)	$	2,699	$	18,621	$	(29,887	)	$	(25,915	)	$	(55,843)
Total collateral pledged by the Portfolio/(Received from counterparty)	$	-		$	-	$	-	$	-		$	-		$	-
Net Exposure(1)	$	(21,361	)	$	2,699	$	18,621	$	(29,887	)	$	(25,915	)	$	(55,843)

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

At March 31, 2018, 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 $392,665,233.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	112,734,165
Gross Unrealized Depreciation		(21,370,265	)
Net Unrealized Appreciation	$	91,363,900

VY® Invesco Equity and Income Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 63.8%
			Consumer Discretionary: 4.8%
	259,626		Carnival Corp.	$	17,026,273		1.1
	26,007	(1)	Charter Communications, Inc.		8,093,899		0.5
	325,735		Comcast Corp. – Class A		11,130,365		0.7
	614,828		General Motors Co.		22,342,849		1.4
	3,548,077		Kingfisher PLC		14,555,245		0.9
	45,261	(1)	Michael Kors Holdings Ltd.		2,809,803		0.2
					75,958,434		4.8
			Consumer Staples: 4.5%
	284,264		CVS Health Corp.		17,684,064		1.1
	326,362		Mondelez International, Inc.		13,619,086		0.9
	223,311		Philip Morris International, Inc.		22,197,113		1.4
	274,228		Walgreens Boots Alliance, Inc.		17,953,707		1.1
					71,453,970		4.5
			Energy: 9.8%
	335,191		Anadarko Petroleum Corp.		20,248,888		1.3
	386,304	(2)	Apache Corp.		14,864,978		0.9
	227,463		Baker Hughes a GE Co.		6,316,647		0.4
	2,568,575		BP PLC		17,325,265		1.1
	465,346		Canadian Natural Resources Ltd.		14,628,411		0.9
	637,758		Devon Energy Corp.		20,274,327		1.3
	309,785		Occidental Petroleum Corp.		20,123,634		1.3
	735,008		Royal Dutch Shell PLC - Class A		23,254,514		1.5
	597,412		TechnipFMC PLC		17,593,783		1.1
					154,630,447		9.8
			Financials: 22.0%
	364,355		American International Group, Inc.		19,828,199		1.3
	90,054		Aon PLC		12,637,278		0.8
	1,570,628		Bank of America Corp.		47,103,134		3.0
	166,093		Charles Schwab Corp.		8,673,376		0.6
	758,109		Citigroup, Inc.		51,172,357		3.2
	619,825		Citizens Financial Group, Inc.		26,020,254		1.6
	73,885		Comerica, Inc.		7,087,788		0.5
	464,507		Fifth Third Bancorp		14,748,097		0.9
	414,558		First Horizon National Corp.		7,806,127		0.5
	51,129		Goldman Sachs Group, Inc.		12,877,350		0.8
	361,637		JPMorgan Chase & Co.		39,769,221		2.5
	82,671		Marsh & McLennan Cos., Inc.		6,827,798		0.4
	591,456		Morgan Stanley		31,914,966		2.0
	113,093		Northern Trust Corp.		11,663,281		0.7
	116,858		PNC Financial Services Group, Inc.		17,673,604		1.1
	154,930		State Street Corp.		15,451,169		1.0
	156,744		Wells Fargo & Co.		8,214,953		0.5
	63,489		Willis Towers Watson PLC		9,662,391		0.6
					349,131,343		22.0
			Health Care: 8.9%
	73,140		Amgen, Inc.		12,468,907		0.8
	46,362		Anthem, Inc.		10,185,732		0.6
	151,258		Baxter International, Inc.		9,837,820		0.6
	214,253		Bristol-Myers Squibb Co.		13,551,502		0.9
	107,149		McKesson Corp.		15,094,080		1.0
	167,779		Medtronic PLC		13,459,232		0.8
	271,564		Merck & Co., Inc.		14,792,091		0.9
	159,506		Novartis AG		12,900,985		0.8
	517,859		Pfizer, Inc.		18,378,816		1.2
	125,267		Sanofi		10,051,445		0.6
	97,358		Zimmer Biomet Holdings, Inc.		10,615,916		0.7
					141,336,526		8.9
			Industrials: 3.7%
	330,583		CSX Corp.		18,416,779		1.2
	89,951		General Dynamics Corp.		19,870,176		1.2
	135,473		Ingersoll-Rand PLC - Class A		11,584,296		0.7
	263,798		Johnson Controls International plc		9,296,241		0.6
					59,167,492		3.7
			Information Technology: 7.3%
	475,120		Cisco Systems, Inc.		20,377,897		1.3
	180,083		Cognizant Technology Solutions Corp.		14,496,681		0.9
	364,574	(1)	eBay, Inc.		14,670,458		0.9
	288,335		Intel Corp.		15,016,487		1.0
	287,018		Juniper Networks, Inc.		6,983,148		0.4
	516,389		Oracle Corp.		23,624,797		1.5
	214,891		Qualcomm, Inc.		11,907,110		0.8
	306,590		Symantec Corp.		7,925,351		0.5
					115,001,929		7.3
			Materials: 1.4%
	358,576		BHP Billiton Ltd.		7,948,012		0.5
	311,829		Mosaic Co.		7,571,208		0.5
	155,668		Nutrien Ltd.		7,356,870		0.4
					22,876,090		1.4
			Telecommunication Services: 1.1%
	149,553		Orange SA		2,542,082		0.2
	140,964		Verizon Communications, Inc.		6,740,899		0.4
	264,409		Vodafone Group PLC ADR		7,355,858		0.5
					16,638,839		1.1

VY® Invesco Equity and Income Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Utilities: 0.3%
	145,066		FirstEnergy Corp.	$	4,933,695		0.3
		Total Common Stock
		(Cost $845,718,138)			1,011,128,765		63.8
PREFERRED STOCK: 0.7%
			Energy: 0.4%
	140,612	(1),(3)	El Paso Energy Capital Trust I		6,731,799		0.4
			Financials: 0.3%
	75,900	(1)	AMG Capital Trust II		4,723,098		0.3
	4,000	(1),(3)	Wells Fargo & Co.		105,160		0.0
					4,828,258		0.3
		Total Preferred Stock
		(Cost $10,847,296)			11,560,057		0.7

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: 12.4%
			Basic Materials: 0.2%
	770,000	(4)	Basell Finance Co. BV, 8.100%, 03/15/2027		990,829		0.1
	1,320,000		Eastman Chemical Co., 2.700%, 01/15/2020		1,312,573		0.1
	195,000		International Paper Co., 6.000%, 11/15/2041		223,700		0.0
	315,000		Monsanto Co., 2.125%, 07/15/2019		312,566		0.0
	150,000		Rio Tinto Finance USA Ltd., 7.125%, 07/15/2028		192,878		0.0
	211,000		Sherwin-Williams Co/The, 4.500%, 06/01/2047		210,505		0.0
					3,243,051		0.2
			Communications: 1.4%
	455,000		America Movil S.A.B de CV, 4.375%, 07/16/2042		462,669		0.0
	837,000		AT&T, Inc., 3.000%, 06/30/2022		822,530		0.1
	466,000		AT&T, Inc., 3.400%, 05/15/2025		449,469		0.0
	533,000	(4)	AT&T, Inc., 4.300%, 02/15/2030		531,578		0.0
	747,000		AT&T, Inc., 4.500%, 05/15/2035		733,009		0.1
	1,300,000		AT&T, Inc., 4.800%, 06/15/2044		1,271,479		0.1
	2,273,000		AT&T, Inc., 4.900%, 08/14/2037		2,296,811		0.1
	2,960,000		AT&T, Inc., 5.150%, 03/15/2042		3,055,461		0.2
	271,000	(4)	AT&T, Inc., 5.150%, 11/15/2046		277,543		0.0
	101,000		AT&T, Inc., 5.350%, 09/01/2040		106,208		0.0
	1,635,000		Charter Communications Operating LLC / Charter Communications Operating Capital, 4.464%, 07/23/2022		1,672,331		0.1
	910,000		Comcast Corp., 3.900%, 03/01/2038		885,160		0.1
	1,019,000		Comcast Corp., 5.700%, 05/15/2018		1,022,892		0.1
	135,000		Comcast Corp., 6.450%, 03/15/2037		171,932		0.0
	2,700,000	(4)	Crown Castle Towers LLC, 4.883%, 08/15/2040		2,795,973		0.2
	125,000		NBCUniversal Media LLC, 5.150%, 04/30/2020		130,493		0.0
	210,000		NBCUniversal Media LLC, 5.950%, 04/01/2041		257,457		0.0
	910,000		Rogers Communications, Inc., 4.300%, 02/15/2048		915,852		0.1
	415,000		Rogers Communications, Inc., 4.500%, 03/15/2043		422,380		0.0
	260,000	(4)	Sky PLC, 9.500%, 11/15/2018		270,609		0.0
	390,000		Telefonica Emisiones SAU, 4.665%, 03/06/2038		395,200		0.0
	860,000		Telefonica Emisiones SAU, 5.213%, 03/08/2047		915,932		0.1
	370,000		Telefonica Emisiones SAU, 7.045%, 06/20/2036		470,112		0.0
	136,000		Verizon Communications, Inc., 4.125%, 08/15/2046		122,667		0.0
	535,000		Verizon Communications, Inc., 4.400%, 11/01/2034		529,224		0.0
	833,000		Verizon Communications, Inc., 4.812%, 03/15/2039		853,693		0.1
					21,838,664		1.4
			Consumer, Cyclical: 1.0%
	2,650,000		Advance Auto Parts, Inc., 4.500%, 12/01/2023		2,745,174		0.2
	387,000		Advance Auto Parts, Inc., 5.750%, 05/01/2020		405,039		0.0
	137,000	(4)	Alimentation Couche-Tard, Inc., 4.500%, 07/26/2047		133,861		0.0
	627,179		American Airlines 2014-1 Class A Pass Through Trust, 3.700%, 10/01/2026		620,907		0.0

VY® Invesco Equity and Income Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Consumer, Cyclical: (continued)
	170,200		Continental Airlines 2010-1 Class A Pass Through Trust, 4.750%, 07/15/2022	$	174,515		0.0
	311,406		Continental Airlines 2012-1 Class A Pass Through Trust, 4.150%, 10/11/2025		315,439		0.0
	91,028		Delta Air Lines 2010-1 Class A Pass Through Trust, 6.200%, 01/02/2020		92,222		0.0
	595,000		Dollar General Corp., 3.250%, 04/15/2023		589,860		0.0
	368,000		Ford Motor Credit Co. LLC, 3.096%, 05/04/2023		353,936		0.0
	569,000		Ford Motor Credit Co. LLC, 3.810%, 01/09/2024		558,342		0.0
	1,056,000		Ford Motor Credit Co. LLC, 4.134%, 08/04/2025		1,039,368		0.1
	563,000		General Motors Co., 6.600%, 04/01/2036		646,257		0.0
	713,000		General Motors Financial Co., Inc., 5.250%, 03/01/2026		753,856		0.1
	896,000		Home Depot, Inc., 2.000%, 04/01/2021		874,336		0.1
	725,000		MDC Holdings, Inc., 6.000%, 01/15/2043		682,406		0.0
	1,460,000		QVC, Inc., 5.450%, 08/15/2034		1,409,094		0.1
	758,705		United Airlines 2014-2 Class A Pass Through Trust, 3.750%, 03/03/2028		754,570		0.1
	600,000		United Airlines 2018-1 Class AA Pass Through Trust, 3.500%, 09/01/2031		593,801		0.0
	758,289	(4)	Virgin Australia 2013-1A Pass Through Trust, 5.000%, 04/23/2025		778,839		0.1
	1,000,000		Walgreens Boots Alliance, Inc., 3.300%, 11/18/2021		996,251		0.1
	737,000		Walgreens Boots Alliance, Inc., 4.500%, 11/18/2034		730,299		0.1
					15,248,372		1.0
			Consumer, Non-cyclical: 1.9%
	1,137,000		AbbVie, Inc., 4.500%, 05/14/2035		1,166,414		0.1
	985,000		Allergan Funding SCS, 4.850%, 06/15/2044		970,197		0.1
	952,000		Anheuser-Busch InBev Finance, Inc., 2.650%, 02/01/2021		945,023		0.1
	871,000		Anheuser-Busch InBev Finance, Inc., 3.300%, 02/01/2023		872,158		0.1
	1,475,000		Anheuser-Busch InBev Finance, Inc., 4.700%, 02/01/2036		1,563,244		0.1
	1,646,000		Anheuser-Busch InBev Finance, Inc., 4.900%, 02/01/2046		1,779,052		0.1
	1,200,000	(4)	Bayer US Finance LLC, 2.375%, 10/08/2019		1,189,776		0.1
	981,000	(4)	Bayer US Finance LLC, 3.000%, 10/08/2021		970,892		0.1
	442,000		Becton Dickinson & Co., 2.675%, 12/15/2019		439,222		0.0
	435,000		Becton Dickinson & Co., 4.875%, 05/15/2044		435,896		0.0
	325,000		Celgene Corp., 4.000%, 08/15/2023		330,665		0.0
	1,445,000		Celgene Corp., 4.625%, 05/15/2044		1,444,074		0.1
	240,000		Corn Products International, Inc., 6.625%, 04/15/2037		299,411		0.0
	620,000		CVS Health Corp., 3.375%, 08/12/2024		601,091		0.0
	495,000		CVS Health Corp., 4.100%, 03/25/2025		498,813		0.0
	549,010		CVS Pass-Through Trust, 6.036%, 12/10/2028		593,382		0.0
	493,000		Edwards Lifesciences Corp., 2.875%, 10/15/2018		493,133		0.0
	965,000	(4)	ERAC USA Finance LLC, 2.350%, 10/15/2019		955,581		0.1
	420,000		Express Scripts Holding Co., 2.250%, 06/15/2019		417,502		0.0
	1,400,000		General Mills, Inc., 2.200%, 10/21/2019		1,381,284		0.1
	755,000		Gilead Sciences, Inc., 4.400%, 12/01/2021		786,948		0.1
	80,000		GlaxoSmithKline Capital, Inc., 6.375%, 05/15/2038		105,358		0.0
	1,232,000	(4)	Heineken NV, 3.500%, 01/29/2028		1,198,251		0.1
	963,000		Laboratory Corp. of America Holdings, 3.200%, 02/01/2022		958,947		0.1
	423,000		Laboratory Corp. of America Holdings, 4.700%, 02/01/2045		426,946		0.0
	730,000		McKesson Corp., 2.284%, 03/15/2019		726,245		0.1
	92,000		Mead Johnson Nutrition Co., 4.125%, 11/15/2025		94,456		0.0
	1,733,000		Medtronic, Inc., 3.150%, 03/15/2022		1,736,352		0.1
	576,000		Medtronic, Inc., 4.375%, 03/15/2035		611,433		0.0
	502,000		Molson Coors Brewing Co., 1.450%, 07/15/2019		492,850		0.0

VY® Invesco Equity and Income Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Consumer, Non-cyclical: (continued)
	513,000		Molson Coors Brewing Co., 4.200%, 07/15/2046	$	485,976		0.0
	630,000		Moodys Corp., 4.500%, 09/01/2022		657,319		0.0
	574,000		Mylan NV, 3.150%, 06/15/2021		566,773		0.0
	275,000		Philip Morris International, Inc., 3.600%, 11/15/2023		280,424		0.0
	820,000		Philip Morris International, Inc., 4.875%, 11/15/2043		893,260		0.1
	2,685,000		Total System Services, Inc., 2.375%, 06/01/2018		2,682,689		0.2
	79,000		Zoetis, Inc., 4.700%, 02/01/2043		84,843		0.0
					30,135,880		1.9
			Energy: 1.0%
	610,000		Anadarko Petroleum Corp., 6.600%, 03/15/2046		768,462		0.1
	360,000		Chevron Corp., 1.718%, 06/24/2018		359,459		0.0
	1,528,000		ConocoPhillips Co., 4.150%, 11/15/2034		1,562,522		0.1
	460,000		Enable Midstream Partners L.P., 2.400%, 05/15/2019		455,213		0.0
	570,000		Energy Transfer Partners L.P., 4.900%, 03/15/2035		538,558		0.0
	615,000		Enterprise Products Operating LLC, 2.550%, 10/15/2019		611,343		0.0
	833,000		Enterprise Products Operating LLC, 4.250%, 02/15/2048		813,768		0.1
	175,000		Enterprise Products Operating LLC, 5.250%, 01/31/2020		181,675		0.0
	300,000		Enterprise Products Operating LLC, 6.500%, 01/31/2019		308,705		0.0
	250,000		Husky Energy, Inc., 3.950%, 04/15/2022		254,930		0.0
	700,000		Kinder Morgan, Inc./DE, 5.300%, 12/01/2034		720,258		0.0
	2,340,000		MPLX L.P., 4.500%, 07/15/2023		2,424,040		0.2
	973,000		MPLX L.P., 4.500%, 04/15/2038		957,262		0.1
	960,000		MPLX L.P., 5.500%, 02/15/2023		986,400		0.1
	570,000		Noble Energy, Inc., 5.250%, 11/15/2043		609,955		0.0
	505,000		Occidental Petroleum Corp., 3.400%, 04/15/2026		499,742		0.0
	295,000		Plains All American Pipeline L.P. / PAA Finance Corp., 3.650%, 06/01/2022		291,166		0.0
	1,244,000		Shell International Finance BV, 4.000%, 05/10/2046		1,252,753		0.1
	858,000		Spectra Energy Partners L.P., 4.500%, 03/15/2045		834,385		0.1
	544,000		Suncor Energy, Inc., 3.600%, 12/01/2024		543,808		0.0
	835,000		Sunoco Logistics Partners Operations L.P., 5.300%, 04/01/2044		778,173		0.1
	550,000		Sunoco Logistics Partners Operations L.P., 5.500%, 02/15/2020		570,132		0.0
	215,000		Texas Eastern Transmission L.P., 7.000%, 07/15/2032		273,267		0.0
					16,595,976		1.0
			Financial: 5.1%
	530,000		AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, 3.950%, 02/01/2022		532,546		0.0
	395,000		American International Group, Inc., 2.300%, 07/16/2019		391,423		0.0
	1,140,000		American International Group, Inc., 4.375%, 01/15/2055		1,057,979		0.1
	1,685,000		Air Lease Corp., 2.625%, 09/04/2018		1,683,306		0.1
	851,000		Air Lease Corp., 3.000%, 09/15/2023		816,074		0.1
	1,870,000		Air Lease Corp., 4.250%, 09/15/2024		1,897,439		0.1
	410,000		Allstate Corp., 3.280%, 12/15/2026		399,134		0.0
	543,000		American Express Co., 3.625%, 12/05/2024		539,906		0.0
	615,000		American Financial Group, Inc./OH, 4.500%, 06/15/2047		608,921		0.0
	455,000	(2),(4)	ANZ New Zealand Int'l Ltd./London, 2.875%, 01/25/2022		447,960		0.0
	440,000	(4)	Apollo Management Holdings L.P., 4.000%, 05/30/2024		442,346		0.0
	927,000	(2),(4)	Athene Global Funding, 2.875%, 10/23/2018		926,226		0.1
	1,555,000	(4)	Athene Global Funding, 4.000%, 01/25/2022		1,574,636		0.1
	948,000		Australia & New Zealand Banking Group Ltd./New York NY, 2.300%, 06/01/2021		924,646		0.1

VY® Invesco Equity and Income Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Financial: (continued)
	720,000		Bank of America Corp., 3.248%, 10/21/2027	$	678,955		0.1
	850,000		Bank of America Corp., 3.500%, 04/19/2026		835,503		0.1
	500,000		Bank of America Corp., 5.650%, 05/01/2018		501,265		0.0
	1,445,000		Bank of Nova Scotia/The, 2.050%, 10/30/2018		1,441,920		0.1
	725,000	(4)	BBVA Bancomer SA/Texas, 4.375%, 04/10/2024		735,875		0.1
	765,000		Brookfield Asset Management, Inc., 4.000%, 01/15/2025		763,188		0.1
	1,140,000		Capital One Financial Corp., 3.200%, 01/30/2023		1,113,427		0.1
	485,000	(4)	Carlyle Holdings Finance LLC, 3.875%, 02/01/2023		488,756		0.0
	630,000		Citigroup, Inc., 3.668%, 07/24/2028		614,499		0.0
	1,930,000		Citigroup, Inc., 4.000%, 08/05/2024		1,936,652		0.1
	520,000		Citigroup, Inc., 4.750%, 05/18/2046		529,539		0.0
	260,000		Citigroup, Inc., 5.300%, 05/06/2044		285,956		0.0
	560,000		Citigroup, Inc., 6.675%, 09/13/2043		727,066		0.1
	595,000		Citizens Financial Group, Inc., 2.375%, 07/28/2021		577,392		0.0
	325,000		CNA Financial Corp., 5.875%, 08/15/2020		345,097		0.0
	1,335,000	(4)	Commonwealth Bank of Australia, 2.250%, 03/10/2020		1,316,372		0.1
	472,000	(4)	Credit Suisse AG, 6.500%, 08/08/2023		514,233		0.0
	1,190,000		Crown Castle International Corp., 3.800%, 02/15/2028		1,146,014		0.1
	60,000		Crown Castle International Corp., 4.750%, 05/15/2047		60,596		0.0
	620,000		Discover Bank, 3.350%, 02/06/2023		610,627		0.0
	2,275,000		EPR Properties, 4.750%, 12/15/2026		2,280,052		0.2
	615,000		Goldman Sachs Group, Inc./The, 4.017%, 10/31/2038		595,477		0.0
	820,000		Goldman Sachs Group, Inc., 4.250%, 10/21/2025		824,556		0.1
	355,000		Goldman Sachs Group, Inc., 5.250%, 07/27/2021		376,092		0.0
	835,000		Government Properties Income Trust, 4.000%, 07/15/2022		833,133		0.1
	465,000	(4)	HBOS PLC, 6.750%, 05/21/2018		467,449		0.0
	840,000		HCP, Inc., 3.875%, 08/15/2024		833,608		0.1
	320,000		HCP, Inc., 4.200%, 03/01/2024		323,429		0.0
	350,000		Hospitality Properties Trust, 4.500%, 06/15/2023		357,860		0.0
	240,000		Hospitality Properties Trust, 5.000%, 08/15/2022		249,552		0.0
	670,000	(4)	Jackson National Life Global Funding, 2.100%, 10/25/2021		645,756		0.0
	620,000	(4)	Jackson National Life Global Funding, 3.250%, 01/30/2024		614,063		0.0
	550,000		JPMorgan Chase & Co., 3.200%, 06/15/2026		527,858		0.0
	1,270,000		JPMorgan Chase & Co., 3.509%, 01/23/2029		1,233,422		0.1
	1,270,000		JPMorgan Chase & Co., 3.897%, 01/23/2049		1,213,528		0.1
	675,000		JPMorgan Chase & Co., 4.260%, 02/22/2048		679,510		0.1
	665,000		JPMorgan Chase & Co., 5.000%, 12/31/2199		671,750		0.0
	443,000	(4)	KKR Group Finance Co. III LLC, 5.125%, 06/01/2044		455,873		0.0
	2,335,000	(4)	Liberty Mutual Group, Inc., 4.850%, 08/01/2044		2,430,494		0.2
	587,000		Lifestorage L.P./CA, 3.500%, 07/01/2026		561,438		0.0
	285,000		Markel Corp., 5.000%, 03/30/2043		301,863		0.0
	3,250,000	(4)	MassMutual Global Funding II, 2.100%, 08/02/2018		3,245,745		0.2
	1,300,000	(4)	MassMutual Global Funding II, 2.000%, 04/15/2021		1,263,324		0.1
	670,000	(4)	Metropolitan Life Global Funding I, 2.050%, 06/12/2020		657,450		0.0
	2,360,000	(4)	Mizuho Financial Group Cayman 3 Ltd., 4.600%, 03/27/2024		2,435,813		0.2
	2,975,000		Morgan Stanley, 2.375%, 07/23/2019		2,954,141		0.2
	1,040,000		Morgan Stanley, 4.000%, 07/23/2025		1,049,545		0.1
	1,230,000		National Australia Bank Ltd./New York, 1.875%, 07/12/2021		1,181,781		0.1
	1,350,000	(2),(4)	National Australia Bank Ltd., 3.500%, 01/10/2027		1,330,924		0.1
	1,365,000		National Australia Bank Ltd/New York, 2.000%, 01/14/2019		1,359,557		0.1

VY® Invesco Equity and Income Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Financial: (continued)
	1,515,000	(4)	Nationwide Financial Services, Inc., 5.300%, 11/18/2044	$	1,661,797		0.1
	333,000	(4)	Prudential Financial, Inc., 3.935%, 12/07/2049		313,318		0.0
	750,000		Prudential Financial, Inc., 8.875%, 06/15/2068		758,438		0.1
	259,000		Reinsurance Group of America, Inc., 4.700%, 09/15/2023		269,196		0.0
	1,000,000	(4)	Reliance Standard Life Global Funding II, 2.150%, 10/15/2018		997,091		0.1
	690,000	(4)	Reliance Standard Life Global Funding II, 3.050%, 01/20/2021		687,166		0.1
	3,820,000		Royal Bank of Canada, 2.000%, 12/10/2018		3,806,488		0.2
	1,360,000	(4)	Societe Generale SA, 2.625%, 09/16/2020		1,341,940		0.1
	805,000	(4)	Societe Generale SA, 5.000%, 01/17/2024		834,532		0.1
	985,000	(4)	Standard Chartered PLC, 3.050%, 01/15/2021		976,051		0.1
	1,100,000		Sumitomo Mitsui Banking Corp., 2.650%, 07/23/2020		1,087,091		0.1
	590,000		SunTrust Bank/Atlanta GA, 3.300%, 05/15/2026		563,270		0.0
	670,000		Synchrony Financial, 3.950%, 12/01/2027		634,415		0.0
	616,000	(4)	Teachers Insurance & Annuity Association of America, 4.270%, 05/15/2047		616,497		0.0
	445,000		Travelers Cos, Inc., 4.600%, 08/01/2043		480,519		0.0
	585,000	(4)	UBS Group Funding Switzerland AG, 4.125%, 04/15/2026		587,676		0.0
	410,000		US Bancorp, 3.100%, 04/27/2026		391,587		0.0
	145,000		Ventas Realty L.P., 5.700%, 09/30/2043		169,008		0.0
	1,020,000		Visa, Inc., 4.150%, 12/14/2035		1,086,742		0.1
	965,000		Wells Fargo & Co., 3.550%, 09/29/2025		947,716		0.1
	470,000		Wells Fargo & Co., 4.100%, 06/03/2026		467,300		0.0
	2,000,000		Wells Fargo & Co., 4.650%, 11/04/2044		2,018,497		0.1
	315,000		Willis North America, Inc., 3.600%, 05/15/2024		310,153		0.0
	350,000		WR Berkley Corp., 4.625%, 03/15/2022		364,520		0.0
					80,791,525		5.1
			Industrial: 1.0%
	1,105,000	(4)	Aviation Capital Group LLC, 2.875%, 09/17/2018		1,104,687		0.1
	305,000	(4)	Aviation Capital Group LLC, 2.875%, 01/20/2022		298,895		0.0
	1,095,000	(4)	Aviation Capital Group LLC, 4.875%, 10/01/2025		1,149,338		0.1
	970,000		Avnet, Inc., 4.625%, 04/15/2026		968,738		0.1
	435,000	(4)	BAE Systems Holdings, Inc., 2.850%, 12/15/2020		431,095		0.0
	224,000		Burlington Northern Santa Fe LLC, 5.150%, 09/01/2043		259,428		0.0
	330,000		CSX Corp., 5.500%, 04/15/2041		382,550		0.0
	1,015,000		Deere & Co., 2.600%, 06/08/2022		992,386		0.1
	295,000		FedEx Corp., 4.900%, 01/15/2034		318,795		0.0
	605,000		FedEx Corp., 5.100%, 01/15/2044		665,520		0.0
	2,160,000		Northrop Grumman Corp., 1.750%, 06/01/2018		2,157,979		0.1
	703,000		Packaging Corp. of America, 4.500%, 11/01/2023		734,233		0.1
	285,000		Precision Castparts Corp., 2.500%, 01/15/2023		277,712		0.0
	410,000	(4)	SMBC Aviation Capital Finance DAC, 2.650%, 07/15/2021		399,625		0.0
	157,000		Union Pacific Corp., 3.646%, 02/15/2024		160,327		0.0
	730,000		Union Pacific Corp., 4.150%, 01/15/2045		745,036		0.1
	375,000		Union Pacific Corp., 4.850%, 06/15/2044		418,086		0.0
	330,000		United Parcel Service, Inc., 3.400%, 11/15/2046		297,436		0.0
	3,100,000	(5)	United Technologies Corp., 1.778%, 05/04/2018		3,097,414		0.2
	752,000		Waste Management, Inc., 3.900%, 03/01/2035		751,921		0.1
					15,611,201		1.0
			Technology: 0.5%
	1,146,000		Apple, Inc., 2.150%, 02/09/2022		1,115,511		0.1
	435,000		Apple, Inc., 3.350%, 02/09/2027		429,945		0.0
	1,840,000		Broadcom Corp. / Broadcom Cayman Finance Ltd., 3.625%, 01/15/2024		1,811,681		0.1

VY® Invesco Equity and Income Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Technology: (continued)
	910,000	(4)	Dell International LLC / EMC Corp., 5.450%, 06/15/2023	$	965,358		0.1
	35,000	(4)	Dell International LLC / EMC Corp., 8.350%, 07/15/2046		44,533		0.0
	340,000		DXC Technology Co., 4.450%, 09/18/2022		352,212		0.0
	649,000		Microsoft Corp., 3.500%, 02/12/2035		643,584		0.1
	1,810,000		Oracle Corp., 1.900%, 09/15/2021		1,747,981		0.1
	285,000		Texas Instruments, Inc., 2.625%, 05/15/2024		275,017		0.0
					7,385,822		0.5
			Utilities: 0.3%
	1,420,000		Duke Energy Corp., 2.100%, 06/15/2018		1,418,626		0.1
	150,000	(4)	Electricite de France SA, 4.600%, 01/27/2020		154,074		0.0
	620,000	(4)	Electricite de France SA, 4.875%, 01/22/2044		667,967		0.0
	350,000	(4)	Electricite de France SA, 5.625%, 12/31/2199		351,313		0.0
	703,000		NextEra Energy Capital Holdings, Inc., 3.550%, 05/01/2027		684,014		0.1
	760,000		NiSource, Inc., 4.375%, 05/15/2047		764,878		0.1
	605,000		Oglethorpe Power Corp., 4.550%, 06/01/2044		619,227		0.0
	667,000		Sempra Energy, 3.800%, 02/01/2038		629,588		0.0
					5,289,687		0.3
		Total Corporate Bonds/Notes
		(Cost $194,717,908)			196,140,178		12.4
MUNICIPAL BONDS: 0.0%
			Georgia: 0.0%
	175,000		Municipal Electric Authority of Georgia, 6.637%, 04/01/2057		217,383		0.0
	325,000		Municipal Electric Authority of Georgia, 6.655%, 04/01/2057		400,088		0.0
		Total Municipal Bonds
		(Cost $503,931)			617,471		0.0
U.S. TREASURY OBLIGATIONS: 11.0%
			U.S. Treasury Bonds: 1.0%
	5,557,900		2.750%, 02/15/2028		5,557,299		0.4
	9,425,000	(2)	2.750%, 11/15/2047		8,992,048		0.6
	425,000		4.500%, 02/15/2036		524,587		0.0
					15,073,934		1.0
			U.S. Treasury Notes: 10.0%
	6,230,000		1.250%, 01/31/2019		6,187,190		0.4
	47,470,000	(2)	2.250%, 02/29/2020		47,447,077		3.0
	57,650,000		2.375%, 03/15/2021		57,620,636		3.6
	180,000		2.625%, 11/15/2020		181,117		0.0
	40,081,700	(2)	2.625%, 02/28/2023		40,194,356		2.6
	6,829,400		2.750%, 02/28/2025		6,854,872		0.4
					158,485,248		10.0
		Total U.S. Treasury Obligations
		(Cost $173,149,900)			173,559,182		11.0
U.S. GOVERNMENT AGENCY OBLIGATIONS: 0.2%
			Federal Home Loan Mortgage Corporation: 0.1%(6)
	2,400,000		4.875%, 06/13/2018		2,414,184		0.1
			Federal National Mortgage Association: 0.1%(6)
	915,000		6.625%, 11/15/2030		1,253,530		0.1
		Total U.S. Government Agency Obligations
		(Cost $3,433,658)			3,667,714		0.2
CONVERTIBLE BONDS/NOTES: 8.2%
			Communications: 2.8%
	2,421,000		Ciena Corp., 4.000%, 12/15/2020		3,409,908		0.2
	3,989,000	(2)	Ctrip.com International Ltd., 1.250%, 09/15/2022		4,153,706		0.3
	5,342,000		DISH Network Corp., 3.375%, 08/15/2026		5,158,769		0.3
	1,319,000		Finisar Corp., 0.500%, 12/15/2036		1,188,299		0.1
	1,689,000	(2)	FireEye, Inc., 1.000%, 06/01/2035		1,610,332		0.1
	1,689,000		FireEye, Inc., 1.625%, 06/01/2035		1,584,218		0.1
	1,807,000	(2),(4)	Liberty Expedia Holdings, Inc., 1.000%, 06/30/2047		1,749,879		0.1
	2,954,000	(4)	Liberty Interactive LLC, 1.750%, 09/30/2046		3,287,211		0.2
	9,559,000		Liberty Media Corp., 1.375%, 10/15/2023		11,009,100		0.7
	1,933,000		Liberty Media Corp., 2.250%, 09/30/2046		2,021,270		0.1
	673,000		Liberty Media Corp.-Liberty Formula One, 1.000%, 01/30/2023		709,061		0.0
	5,355,000		Viavi Solutions, Inc., 0.625%, 08/15/2033		5,497,647		0.4
	2,327,000		Viavi Solutions, Inc., 1.000%, 03/01/2024		2,372,176		0.2
					43,751,576		2.8
			Consumer, Non-cyclical: 1.6%
	3,952,000		BioMarin Pharmaceutical, Inc., 1.500%, 10/15/2020		4,371,900		0.3
	2,934,000	(4)	DexCom, Inc., 0.750%, 05/15/2022		3,026,019		0.2

VY® Invesco Equity and Income Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CONVERTIBLE BONDS/NOTES: (continued)
			Consumer, Non-cyclical: (continued)
	514,000	(4)	Insulet Corp., 1.375%, 11/15/2024	$	589,569		0.0
	2,410,000		Jazz Investments I Ltd., 1.875%, 08/15/2021		2,527,488		0.2
	1,413,000	(4)	Live Nation Entertainment, Inc., 2.500%, 03/15/2023		1,429,505		0.1
	1,251,000		Medicines Co/The, 2.750%, 07/15/2023		1,207,366		0.1
	2,104,000	(4)	Neurocrine Biosciences, Inc., 2.250%, 05/15/2024		2,761,260		0.2
	2,762,000		NuVasive, Inc., 2.250%, 03/15/2021		3,047,690		0.2
	924,000		Pacira Pharmaceuticals, Inc./DE, 2.375%, 04/01/2022		846,615		0.0
	798,000	(4)	Supernus Pharmaceuticals, Inc., 0.625%, 04/01/2023		850,943		0.0
	1,309,000		Wright Medical Group NV, 2.250%, 11/15/2021		1,493,666		0.1
	3,223,000		Wright Medical Group, Inc., 2.000%, 02/15/2020		3,210,907		0.2
					25,362,928		1.6
			Energy: 0.7%
	1,298,000		Chesapeake Energy Corp., 5.500%, 09/15/2026		1,124,198		0.1
	2,490,000	(2)	Ensco Jersey Finance Ltd., 3.000%, 01/31/2024		2,001,337		0.1
	1,359,000		Helix Energy Solutions Group, Inc., 4.250%, 05/01/2022		1,289,934		0.1
	1,360,000	(4)	Nabors Industries, Inc., 0.750%, 01/15/2024		1,021,250		0.1
	1,677,000	(4)	Oil States International, Inc., 1.500%, 02/15/2023		1,612,275		0.1
	3,942,000		Weatherford International Ltd., 5.875%, 07/01/2021		3,543,610		0.2
					10,592,604		0.7
			Financial: 1.4%
	9,000,000	(4)	Credit Suisse AG Convertible Basket, 0.500%, 06/24/2024		8,236,800		0.5
	6,746,000		Goldman Sachs Finance Corp., 0.250%, 07/08/2024		6,425,093		0.4
	4,179,000	(4),(7)	Goldman Sachs Group, Inc., 1.000%, 09/28/2020		7,286,630		0.5
					21,948,523		1.4
			Technology: 1.7%
	3,443,000		Citrix Systems, Inc., 0.500%, 04/15/2019		4,540,973		0.3
	2,544,000		Microchip Technology, Inc., 1.625%, 02/15/2027		3,020,293		0.2
	2,386,000		Micron Technology, Inc., 3.000%, 11/15/2043		4,281,445		0.3
	4,003,000		Nuance Communications, Inc., 1.000%, 12/15/2035		3,816,860		0.2
	2,479,000		ON Semiconductor Corp., 1.000%, 12/01/2020		3,550,372		0.2
	790,000	(4)	RealPage, Inc., 1.500%, 11/15/2022		1,077,856		0.1
	3,899,000		SanDisk Corp., 0.500%, 10/15/2020		3,809,791		0.2
	726,000		Silicon Laboratories, Inc., 1.375%, 03/01/2022		842,160		0.0
	2,643,000	(4)	Workday, Inc., 0.250%, 10/01/2022		2,881,092		0.2
					27,820,842		1.7
		Total Convertible Bonds/Notes
		(Cost $122,774,623)			129,476,473		8.2
		Total Long-Term Investments
		(Cost $1,351,145,454)			1,526,149,840		96.3
SHORT-TERM INVESTMENTS: 10.5%
			Securities Lending Collateral(8): 7.0%
	26,353,965		Cantor Fitzgerald Securities, Repurchase Agreement dated 03/29/18, 1.80%, due 04/02/18 (Repurchase Amount $26,359,164, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-9.500%, Market Value plus accrued interest $26,881,045, due 03/31/18-02/20/68)		26,353,965		1.6
	26,353,965		Daiwa Capital Markets, Repurchase Agreement dated 03/29/18, 1.81%, due 04/02/18 (Repurchase Amount $26,359,192, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-6.500%, Market Value plus accrued interest $26,881,045, due 04/30/18-12/01/51)		26,353,965		1.7

VY® Invesco Equity and Income Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: (continued)
		Securities Lending Collateral(8) (continued)
	3,198,495	Deutsche Bank AG, Repurchase Agreement dated 03/29/18, 1.82%, due 04/02/18 (Repurchase Amount $3,199,133, collateralized by various U.S. Government Agency Obligations, 3.500%-4.500%, Market Value plus accrued interest $3,262,465, due 07/25/42-01/20/48)	$	3,198,495		0.2
	2,289,360	Merrill Lynch & Co., Inc., Repurchase Agreement dated 03/29/18, 1.80%, due 04/02/18 (Repurchase Amount $2,289,812, collateralized by various U.S. Government Securities, 0.000%-6.000%, Market Value plus accrued interest $2,335,148, due 10/31/23-09/09/49)		2,289,360		0.1
	26,353,965	RBC Dominion Securities Inc., Repurchase Agreement dated 03/29/18, 1.80%, due 04/02/18 (Repurchase Amount $26,359,164, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-5.000%, Market Value plus accrued interest $26,881,044, due 06/28/18-12/20/47)		26,353,965		1.7
	26,400,000	State of Wisconsin Investment Board, Repurchase Agreement dated 03/29/18, 2.10%, due 04/02/18 (Repurchase Amount $26,406,076, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $27,022,444, due 04/15/19-02/15/47)		26,400,000		1.7
				110,949,750		7.0
Shares				Value		Percentage of Net Assets

		Mutual Funds: 3.5%
54,945,221	(9)	BlackRock Liquidity Funds, FedFund, Institutional Class, 1.550%
		(Cost $54,945,221)		54,945,221		3.5
	Total Short-Term Investments
	(Cost $165,894,971)			165,894,971		10.5
	Total Investments in Securities (Cost $1,517,040,425)		$	1,692,044,811		106.8
	Liabilities in Excess of Other Assets			(107,560,562	)	(6.8)
	Net Assets		$	1,584,484,249		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)	Step Bond. Interest rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Rate shown is the rate in effect as of March 31, 2018.
(6)	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.
(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 March 31, 2018.

VY® Invesco Equity and Income Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements 

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:⁽¹⁾

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs# (Level 2)			Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Common Stock
Consumer Discretionary	$	61,403,189	$	14,555,245		$	–	$	75,958,434
Consumer Staples		71,453,970		–			–		71,453,970
Energy		114,050,668		40,579,779			–		154,630,447
Financials		349,131,343		–			–		349,131,343
Health Care		118,384,096		22,952,430			–		141,336,526
Industrials		59,167,492		–			–		59,167,492
Information Technology		115,001,929		–			–		115,001,929
Materials		14,928,078		7,948,012			–		22,876,090
Telecommunication Services		14,096,757		2,542,082			–		16,638,839
Utilities		4,933,695		–			–		4,933,695
Total Common Stock		922,551,217		88,577,548			–		1,011,128,765
Preferred Stock		6,836,959		4,723,098			–		11,560,057
Corporate Bonds/Notes		–		196,140,178			–		196,140,178
Municipal Bonds		–		617,471			–		617,471
U.S. Treasury Obligations		–		173,559,182			–		173,559,182
Convertible Bonds/Notes		–		129,476,473			–		129,476,473
U.S. Government Agency Obligations		–		3,667,714			–		3,667,714
Short-Term Investments		54,945,221		110,949,750			–		165,894,971
Total Investments, at fair value	$	984,333,397	$	707,711,414		$	–	$	1,692,044,811
Other Financial Instruments+
Forward Foreign Currency Contracts		–		1,344,539			–		1,344,539
Total Assets	$	984,333,397	$	709,055,953		$	–	$	1,693,389,350
Liabilities Table
Other Financial Instruments+
Forward Foreign Currency Contracts	$	–	$	(684,544	)	$	–	$	(684,544	)
Total Liabilities	$	–	$	(684,544	)	$	–	$	(684,544	)

(1)	For the period ended March 31, 2018, as a result of the fair value pricing procedures for international equities utilized by the Portfolio certain securities have transferred in and out of Level 1 and Level 2 measurements during the year. The Portfolio's policy is to recognize transfers between levels at the beginning of the reporting period. At March 31, 2018, securities valued at $13,885,677 and $6,859,222 were transferred from Level 1 to Level 2 and from Level 2 to Level 1, respectively, within the fair value hierarchy.
+	Other Financial Instruments may include open forward foreign currency contracts, futures, centrally cleared swaps, OTC swaps and written options. Forward foreign currency contracts, futures and centrally cleared swaps are 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 March 31, 2018, 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)
CAD 7,121,294	USD 5,536,692	State Street Bank and Trust Co.	04/02/18	$	(9,240	)
CAD 123,690	USD 95,538	State Street Bank and Trust Co.	04/02/18		469
CAD 65,492	USD 51,702	State Street Bank and Trust Co.	04/02/18		(868	)
CAD 156,517	USD 123,195	State Street Bank and Trust Co.	04/02/18		(1,709	)
USD 5,642,900	CAD 7,115,273	State Street Bank and Trust Co.	04/02/18		120,120
CAD 69,578	USD 55,059	State Street Bank and Trust Co.	04/02/18		(1,054	)

VY® Invesco Equity and Income Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Currency Purchased	Currency Sold	Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
CHF 45,297	USD 48,524	State Street Bank and Trust Co.	04/03/18	$	(1,142	)
CHF 5,078,577	USD 5,361,108	State Street Bank and Trust Co.	04/03/18		(48,788	)
EUR 3,833,718	USD 4,754,194	State Street Bank and Trust Co.	04/03/18		(36,991	)
USD 343,205	CHF 323,329	State Street Bank and Trust Co.	04/03/18		4,994
EUR 69,896	USD 86,207	State Street Bank and Trust Co.	04/03/18		(203	)
GBP 100,828	USD 141,119	State Street Bank and Trust Co.	04/03/18		342
EUR 37,944	USD 46,769	State Street Bank and Trust Co.	04/03/18		(82	)
GBP 18,519,450	USD 26,209,373	State Street Bank and Trust Co.	04/03/18		(226,645	)
GBP 288,460	USD 407,104	State Street Bank and Trust Co.	04/03/18		(2,395	)
AUD 69,800	USD 54,402	State Street Bank and Trust Co.	04/03/18		(792	)
CHF 82,040	USD 86,528	State Street Bank and Trust Co.	04/03/18		(712	)
USD 474,077	GBP 334,991	State Street Bank and Trust Co.	04/03/18		4,086
AUD 4,527,987	USD 3,491,983	State Street Bank and Trust Co.	04/03/18		(14,267	)
GBP 185,566	USD 256,556	State Street Bank and Trust Co.	04/03/18		3,792
USD 801,575	GBP 567,711	State Street Bank and Trust Co.	04/03/18		5,079
AUD 92,408	USD 72,261	State Street Bank and Trust Co.	04/03/18		(1,287	)
AUD 40,933	USD 32,098	State Street Bank and Trust Co.	04/03/18		(659	)
CHF 42,460	USD 45,325	State Street Bank and Trust Co.	04/03/18		(910	)
GBP 228,774	USD 319,929	State Street Bank and Trust Co.	04/03/18		1,040
GBP 94,761	USD 132,205	State Street Bank and Trust Co.	04/03/18		744
AUD 38,193	USD 29,933	State Street Bank and Trust Co.	04/03/18		(598	)
USD 1,403,645	GBP 1,020,762	State Street Bank and Trust Co.	04/03/18		(28,480	)
USD 5,083,846	CHF 4,739,924	State Street Bank and Trust Co.	04/03/18		125,767
USD 4,819,523	EUR 3,893,211	State Street Bank and Trust Co.	04/03/18		29,116
USD 23,498,209	GBP 16,757,204	State Street Bank and Trust Co.	04/03/18		(12,096	)
EUR 35,271	USD 43,315	State Street Bank and Trust Co.	04/03/18		84
EUR 85,924	USD 106,244	State Street Bank and Trust Co.	04/03/18		(519	)
CHF 103,870	USD 111,595	State Street Bank and Trust Co.	04/03/18		(2,944	)
USD 3,425,049	AUD 4,334,682	State Street Bank and Trust Co.	04/03/18		95,800
USD 4,709,592	CHF 4,450,188	State Street Bank and Trust Co.	05/04/18		42,724
USD 4,629,426	EUR 3,724,727	State Street Bank and Trust Co.	05/04/18		36,216
USD 305,711	GBP 216,345	State Street Bank and Trust Co.	05/04/18		1,780
USD 125,209	GBP 88,281	State Street Bank and Trust Co.	05/04/18		1,187
USD 3,006,464	AUD 3,898,221	State Street Bank and Trust Co.	05/04/18		12,385
USD 5,207,508	CAD 6,693,992	State Street Bank and Trust Co.	05/04/18		8,601
USD 23,049,522	GBP 16,266,538	State Street Bank and Trust Co.	05/04/18		197,557
CAD 6,693,976	USD 5,205,269	The Bank of New York Mellon	04/02/18		(9,495	)
USD 5,643,325	CAD 7,115,273	The Bank of New York Mellon	04/02/18		120,545
USD 3,422,817	AUD 4,334,682	The Bank of New York Mellon	04/03/18		93,568
USD 23,507,844	GBP 16,757,204	The Bank of New York Mellon	04/03/18		(2,460	)
USD 4,817,537	EUR 3,893,211	The Bank of New York Mellon	04/03/18		27,131
USD 5,081,939	CHF 4,739,924	The Bank of New York Mellon	04/03/18		123,859
CHF 4,450,933	USD 4,696,192	The Bank of New York Mellon	04/03/18		(40,404	)
GBP 16,308,494	USD 23,073,828	The Bank of New York Mellon	04/03/18		(193,063	)
EUR 3,723,670	USD 4,617,183	The Bank of New York Mellon	04/03/18		(35,389	)
AUD 3,900,042	USD 3,006,777	The Bank of New York Mellon	04/03/18		(11,352	)
USD 3,005,449	AUD 3,898,118	The Bank of New York Mellon	05/04/18		11,449
USD 4,706,890	CHF 4,450,247	The Bank of New York Mellon	05/04/18		39,960
USD 23,043,241	GBP 16,266,583	The Bank of New York Mellon	05/04/18		191,214
USD 5,208,234	CAD 6,694,013	The Bank of New York Mellon	05/04/18		9,310
USD 4,628,831	EUR 3,724,728	The Bank of New York Mellon	05/04/18		35,620
				$	659,995

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 March 31, 2018 was as follows:

Derivatives not accounted for as hedging instruments		Fair Value
Asset Derivatives	Instrument Type
Foreign exchange contracts	Forward foreign currency contracts	$	1,344,539
Total Asset Derivatives		$	1,344,539
Liability Derivatives	Instrument Type
Foreign exchange contracts	Forward foreign currency contracts	$	684,544
Total Liability Derivatives		$	684,544

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 March 31, 2018:

	State Street Bank and Trust Co.		The Bank of New York Mellon		Totals
Assets:
Forward foreign currency contracts	$	691,883	$	652,656	$	1,344,539
Total Assets	$	691,883	$	652,656	$	1,344,539
Liabilities:
Forward foreign currency contracts	$	392,381	$	292,163	$	684,544
Total Liabilities	$	392,381	$	292,163	$	684,544
Net OTC derivative instruments by counterparty, at fair value	$	299,502	$	360,493	$	659,995
Total collateral pledged by the Portfolio/(Received from counterparty)	$	-	$	-	$	-
Net Exposure(1)	$	299,502	$	360,493	$	659,995

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

VY® Invesco Equity and Income Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

At March 31, 2018, 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 $1,526,610,561.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	222,327,529
Gross Unrealized Depreciation		(55,198,292	)
Net Unrealized Appreciation	$	167,129,237

VY® JPMorgan Mid Cap Value Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 97.5%
			Consumer Discretionary: 16.1%
	8,810	(1)	Autozone, Inc.	$	5,714,959		1.1
	78,470		Best Buy Co., Inc.		5,492,115		1.0
	93,040		BorgWarner, Inc.		4,673,399		0.9
	63,432		CBS Corp. - Class B		3,259,771		0.6
	90,790	(1)	Dish Network Corp. - Class A		3,440,033		0.6
	54,910		Expedia, Inc.		6,062,613		1.1
	149,270		Gap, Inc.		4,657,224		0.9
	47,160		Genuine Parts Co.		4,236,855		0.8
	89,320		Hilton Worldwide Holdings, Inc.		7,034,843		1.3
	102,801		Kohl's Corp.		6,734,494		1.3
	15,016		Marriott International, Inc.		2,041,876		0.4
	42,550	(1)	Mohawk Industries, Inc.		9,880,961		1.9
	146,796		Newell Brands, Inc.		3,740,362		0.7
	67,500		Nordstrom, Inc.		3,267,675		0.6
	46,280		PVH Corp.		7,008,180		1.3
	39,700		Ralph Lauren Corp.		4,438,460		0.8
	41,640		Tiffany & Co.		4,066,562		0.8
					85,750,382		16.1
			Consumer Staples: 7.1%
	23,090		Constellation Brands, Inc.		5,262,673		1.0
	238,720		Coty, Inc - Class A		4,368,576		0.8
	70,480		Dr Pepper Snapple Group, Inc.		8,343,422		1.6
	75,773	(1),(2)	Edgewell Personal Care Co.		3,699,238		0.7
	45,633		Energizer Holdings, Inc.		2,718,814		0.5
	214,320		Kroger Co.		5,130,821		0.9
	36,930		Molson Coors Brewing Co.		2,781,937		0.5
	60,210		Pinnacle Foods, Inc.		3,257,361		0.6
	33,170	(1)	Post Holdings, Inc.		2,512,959		0.5
					38,075,801		7.1
			Energy: 5.7%
	174,754	(1)	Energen Corp.		10,985,036		2.1
	177,880		EQT Corp.		8,451,079		1.6
	99,440		PBF Energy, Inc.		3,371,016		0.6
	307,000		Williams Cos., Inc.		7,632,020		1.4
					30,439,151		5.7
			Financials: 22.4%
	4,943		Alleghany Corp.		3,037,177		0.6
	191,780		Ally Financial, Inc.		5,206,827		1.0
	34,460		Ameriprise Financial, Inc.		5,098,012		1.0
	12,537		Chubb Ltd.		1,714,686		0.3
	116,980		Citizens Financial Group, Inc.		4,910,820		0.9
	256,280		Fifth Third Bancorp		8,136,890		1.5
	56,470		First Republic Bank		5,229,687		1.0
	137,150		Hartford Financial Services Group, Inc.		7,065,968		1.3
	272,560		Huntington Bancshares, Inc.		4,115,656		0.8
	159,260		Invesco Ltd.		5,097,913		1.0
	195,870		Loews Corp.		9,740,615		1.8
	55,163		M&T Bank Corp.		10,169,851		1.9
	53,590		Marsh & McLennan Cos., Inc.		4,425,998		0.8
	60,280		Northern Trust Corp.		6,216,676		1.2
	77,520		Progressive Corp.		4,723,294		0.9
	60,410		Raymond James Financial, Inc.		5,401,258		1.0
	120,100		SunTrust Banks, Inc.		8,171,604		1.5
	75,840		T. Rowe Price Group, Inc.		8,188,445		1.5
	86,940		Unum Group		4,139,213		0.8
	38,140		WR Berkley Corp.		2,772,778		0.5
	61,480		XL Group Ltd.		3,397,385		0.7
	40,880		Zions Bancorp.		2,155,602		0.4
					119,116,355		22.4
			Health Care: 6.3%
	59,510		AmerisourceBergen Corp.		5,130,357		1.0
	34,510		Cigna Corp.		5,788,708		1.1
	51,510	(1)	Henry Schein, Inc.		3,461,987		0.6
	17,100		Humana, Inc.		4,596,993		0.9
	28,620	(1)	Laboratory Corp. of America Holdings		4,629,285		0.9
	41,700		Universal Health Services, Inc.		4,937,697		0.9
	45,900		Zimmer Biomet Holdings, Inc.		5,004,936		0.9
					33,549,963		6.3
			Industrials: 7.8%
	31,380	(2)	Acuity Brands, Inc.		4,367,782		0.8
	68,750		Ametek, Inc.		5,222,937		1.0
	44,790		Carlisle Cos., Inc.		4,676,524		0.9
	81,260		Fortune Brands Home & Security, Inc.		4,785,401		0.9
	26,220		Hubbell, Inc.		3,193,072		0.6
	41,850		IDEX Corp.		5,964,044		1.1
	12,870	(1)	Middleby Corp.		1,593,177		0.3
	57,960		MSC Industrial Direct Co.		5,315,512		1.0
	43,061		Snap-On, Inc.		6,353,220		1.2
					41,471,669		7.8
			Information Technology: 8.8%
	67,280		Amphenol Corp.		5,794,826		1.1
	46,290		Analog Devices, Inc.		4,218,408		0.8
	80,720	(1)	Arrow Electronics, Inc.		6,217,054		1.2
	87,650		CDW Corp.		6,162,671		1.2
	161,516	(1)	CommScope Holding Co., Inc.		6,455,794		1.2
	42,706		Jack Henry & Associates, Inc.		5,165,291		1.0
	90,789	(1)	Keysight Technologies, Inc.		4,756,436		0.9
	75,220	(1),(2)	Match Group, Inc.		3,342,777		0.6
	54,370	(1)	Synopsys, Inc.		4,525,759		0.8
					46,639,016		8.8
			Materials: 4.3%
	199,230		Ball Corp.		7,911,423		1.5

VY® JPMorgan Mid Cap Value Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Materials: (continued)
	11,010		Sherwin-Williams Co.	$	4,317,241		0.8
	169,160		Silgan Holdings, Inc.		4,711,106		0.9
	94,540		WestRock Co.		6,066,632		1.1
					23,006,402		4.3
			Real Estate: 11.0%
	60,730		American Campus Communities, Inc.		2,345,393		0.4
	120,090		American Homes 4 Rent		2,411,407		0.5
	30,690		AvalonBay Communities, Inc.		5,047,277		0.9
	41,690		Boston Properties, Inc.		5,137,042		1.0
	213,260		Brixmor Property Group, Inc.		3,252,215		0.6
	93,960	(1)	CBRE Group, Inc.		4,436,791		0.8
	13,850		Essex Property Trust, Inc.		3,333,418		0.6
	34,730		Federal Realty Investment Trust		4,032,500		0.8
	42,510		HCP, Inc.		987,507		0.2
	56,043		JBG SMITH Properties		1,889,210		0.4
	179,760		Kimco Realty Corp.		2,588,544		0.5
	170,852		Outfront Media, Inc.		3,201,767		0.6
	91,471		Park Hotels & Resorts, Inc.		2,471,546		0.5
	117,100		Rayonier, Inc.		4,119,578		0.8
	46,050		Regency Centers Corp.		2,716,029		0.5
	70,246		Vornado Realty Trust		4,727,556		0.9
	109,820		Weyerhaeuser Co.		3,843,700		0.7
	28,630		WP Carey, Inc.		1,774,774		0.3
					58,316,254		11.0
			Utilities: 8.0%
	54,990		Centerpoint Energy, Inc.		1,506,726		0.3
	179,560		CMS Energy Corp.		8,132,272		1.5
	62,820		Edison International		3,999,121		0.8
	92,070	(2)	National Fuel Gas Co.		4,737,002		0.9
	59,840		Sempra Energy		6,655,405		1.2
	125,810		WEC Energy Group, Inc.		7,888,287		1.5
	32,080		Westar Energy, Inc.		1,687,087		0.3
	180,350		Xcel Energy, Inc.		8,202,318		1.5
					42,808,218		8.0
		Total Common Stock
		(Cost $387,394,877)			519,173,211		97.5

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 2.8%
		Securities Lending Collateral(3): 0.9%
	223,521	Bank of Nova Scotia, Repurchase Agreement dated 03/29/18, 1.77%, due 04/02/18 (Repurchase Amount $223,564, collateralized by various U.S. Government Securities, 0.000%-4.500%, Market Value plus accrued interest $228,003, due 04/19/18-09/09/49)		223,521		0.1
	1,062,375	Cantor Fitzgerald Securities, Repurchase Agreement dated 03/29/18, 1.80%, due 04/02/18 (Repurchase Amount $1,062,585, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-9.500%, Market Value plus accrued interest $1,083,622, due 03/31/18-02/20/68)		1,062,375		0.2
	1,062,375	Jefferies LLC, Repurchase Agreement dated 03/29/18, 1.82%, due 04/02/18 (Repurchase Amount $1,062,587, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-6.250%, Market Value plus accrued interest $1,083,627, due 04/17/18-07/15/32)		1,062,375		0.2
	1,062,375	NBC Global Finance Ltd., Repurchase Agreement dated 03/29/18, 1.71%, due 04/02/18 (Repurchase Amount $1,062,574, collateralized by various U.S. Government Securities, 0.000%-3.625%, Market Value plus accrued interest $1,083,623, due 06/30/19-09/09/49)		1,062,375		0.2

VY® JPMorgan Mid Cap Value Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value			Percentage of Net Assets
SHORT-TERM INVESTMENTS: (continued)
			Securities Lending Collateral(3) (continued)
	1,062,375		Nomura Securities, Repurchase Agreement dated 03/29/18, 1.82%, due 04/02/18 (Repurchase Amount $1,062,587, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-7.500%, Market Value plus accrued interest $1,083,623, due 04/02/18-02/20/68)	$	1,062,375			0.2
					4,473,021			0.9
Shares					Value			Percentage of Net Assets
			Mutual Funds: 1.9%
	10,296,158	(4)	BlackRock Liquidity Funds, FedFund, Institutional Class, 1.550%
			(Cost $10,296,158)		10,296,158			1.9
		Total Short-Term Investments
		(Cost $14,769,179)			14,769,179			2.8
		Total Investments in Securities (Cost $402,164,056)		$	533,942,390			100.3
		Liabilities in Excess of Other Assets			(1,545,404	)		(0.3	)
		Net Assets		$	532,396,986			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 March 31, 2018.

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Common Stock*	$	519,173,211	$	–	$	–	$	519,173,211
Short-Term Investments		10,296,158		4,473,021		–		14,769,179
Total Investments, at fair value	$	529,469,369	$	4,473,021	$	–	$	533,942,390

* 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 March 31, 2018 (Unaudited) (Continued)

At March 31, 2018, 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 $403,333,786.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	151,206,280
Gross Unrealized Depreciation		(20,597,676	)
Net Unrealized Appreciation	$	130,608,604

VY® Oppenheimer Global Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 97.1%
			China: 2.3%
	48,990	(1)	Baidu, Inc. ADR	$	10,934,078		0.6
	707,983	(1)	JD.com, Inc. ADR		28,666,232		1.7
					39,600,310		2.3
			Denmark: 0.7%
	176,112		FLSmidth & Co. A/S		11,386,600		0.7
			France: 6.3%
	163,968		LVMH Moet Hennessy Louis Vuitton SE		50,530,596		3.0
	74,660		Kering		35,808,259		2.1
	388,150		Societe Generale		21,080,599		1.2
					107,419,454		6.3
			Germany: 7.1%
	139,342		Allianz SE		31,499,295		1.8
	173,947		Bayer AG		19,609,718		1.2
	75,886	(1)	Linde AG		16,035,436		0.9
	341,403		SAP SE		35,841,160		2.1
	149,413		Siemens AG		19,064,717		1.1
					122,050,326		7.1
			India: 2.6%
	10,333,960		DLF Ltd.		32,304,147		1.9
	1,470,472		ICICI Bank Ltd. ADR		13,013,677		0.7
					45,317,824		2.6
			Italy: 0.3%
	161,420		Brunello Cucinelli SpA		5,076,713		0.3
			Japan: 15.3%
	437,200	(2)	Capcom Co., Ltd.		10,130,455		0.6
	1,107,500		Dai-ichi Life Holdings, Inc.		20,446,085		1.2
	61,200		Fanuc Ltd.		15,750,014		0.9
	60,602		Keyence Corp.		37,855,531		2.2
	295,400		Kyocera Corp.		16,748,620		1.0
	380,000		Minebea Co., Ltd.		8,170,653		0.5
	210,300	(2)	Murata Manufacturing Co., Ltd.		29,028,163		1.7
	292,200		Nidec Corp.		44,972,137		2.6
	43,800		Nintendo Co., Ltd.		19,459,171		1.1
	303,300		Omron Corp.		17,729,872		1.0
	469,100	(1)	Renesas Electronics Corp.		4,715,760		0.3
	328,800	(2)	Suzuki Motor Corp.		17,851,655		1.0
	226,900		TDK Corp.		20,214,226		1.2
					263,072,342		15.3
			Netherlands: 3.3%
	493,363		Airbus SE		57,110,641		3.3
			Spain: 2.1%
	1,142,958		Banco Bilbao Vizcaya Argentaria SA		9,051,746		0.5
	849,615		Industria de Diseno Textil SA		26,710,778		1.6
					35,762,524		2.1
			Sweden: 1.2%
	979,376		Assa Abloy AB		21,228,401		1.2
			Switzerland: 3.0%
	989,508		Credit Suisse Group AG		16,618,812		1.0
	34,666		Roche Holding AG		7,952,281		0.5
	1,490,357		UBS Group AG		26,258,491		1.5
					50,829,584		3.0
			United Kingdom: 7.2%
	2,760,672	(1),(2)	Circassia Pharmaceuticals Plc		3,315,471		0.2
	9,176,974	(1)	Earthport PLC		1,452,471		0.1
	1,746,220		International Consolidated Airlines Group SA		15,072,189		0.9
	517,877		International Game Technology PLC		13,842,853		0.8
	1,237,766		Prudential PLC		30,930,068		1.8
	141,290		Shire PLC		7,031,963		0.4
	504,954		TechnipFMC PLC		14,713,666		0.9
	654,127		Unilever PLC		36,279,470		2.1
					122,638,151		7.2
			United States: 45.7%
	111,680		3M Co.		24,515,994		1.4
	347,250	(1),(2)	Acadia Pharmaceuticals, Inc.		7,802,707		0.5
	220,173	(1)	Adobe Systems, Inc.		47,574,982		2.8
	251,030		Aetna, Inc.		42,424,070		2.5
	93,590	(1)	Alphabet, Inc. - Class A		97,065,932		5.7
	84,180	(1)	AnaptysBio, Inc.		8,761,454		0.5
	158,270		Anthem, Inc.		34,771,919		2.0
	52,960	(1)	Biogen, Inc.		14,501,507		0.9
	78,800	(1),(2)	BioMarin Pharmaceutical, Inc.		6,388,316		0.4
	62,250	(1)	Bluebird Bio, Inc.		10,629,187		0.6
	129,700	(1)	Blueprint Medicines Corp.		11,893,490		0.7
	118,880	(1)	Centene Corp.		12,704,706		0.7
	568,540		Citigroup, Inc.		38,376,450		2.2
	511,250		Colgate-Palmolive Co.		36,646,400		2.1
	78,670		Equifax, Inc.		9,268,113		0.5
	228,090	(1)	Facebook, Inc.		36,446,501		2.1
	333,980		FNF Group		13,365,880		0.8
	192,280		Gilead Sciences, Inc.		14,495,989		0.8
	202,000	(1)	GlycoMimetics, Inc.		3,278,460		0.2
	110,860		Goldman Sachs Group, Inc.		27,921,200		1.6
	215,190		Intuit, Inc.		37,303,186		2.2
	231,120	(1),(2)	Ionis Pharmaceuticals, Inc.		10,187,770		0.6
	84,280	(1),(2)	Loxo Oncology, Inc.		9,723,384		0.6
	317,810	(1)	MacroGenics, Inc.		7,996,100		0.5
	642,280		Maxim Integrated Products		38,678,102		2.3
	696,010		Newell Brands, Inc.		17,734,335		1.0
	339,792	(1)	PayPal Holdings, Inc.		25,780,019		1.5
	236,970		S&P Global, Inc.		45,275,488		2.6
	111,010	(1)	Sage Therapeutics, Inc.		17,880,381		1.0
	209,790		Tiffany & Co.		20,488,091		1.2

VY® Oppenheimer Global Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Shares				Value			Percentage of Net Assets
COMMON STOCK: (continued)
			United States: (continued)
	160,090		United Parcel Service, Inc. - Class B	$	16,755,019			1.0
	220,280		Walt Disney Co.		22,124,923			1.3
	140,960		Zimmer Biomet Holdings, Inc.		15,370,278			0.9
					784,130,333			45.7
		Total Common Stock
		(Cost $872,127,512)			1,665,623,203			97.1
PREFERRED STOCK: 1.8%
			Germany: 1.8%
	327,394		Bayerische Motoren Werke AG		30,722,450			1.8
			India: 0.0%
	2,078,904	(1)	Zee Entertainment Enterprises Ltd.		240,333			0.0
		Total Preferred Stock
		(Cost $12,189,186)			30,962,783			1.8
		Total Long-Term Investments
		(Cost $884,316,698)			1,696,585,986			98.9
Principal Amount†					Value			Percentage of Net Assets
SHORT-TERM INVESTMENTS: 2.9%
			Securities Lending Collateral(3): 2.1%
	1,855,193		Bank of Nova Scotia, Repurchase Agreement dated 03/29/18, 1.77%, due 04/02/18 (Repurchase Amount $1,855,553, collateralized by various U.S. Government Securities, 0.000%-4.500%, Market Value plus accrued interest $1,892,390, due 04/19/18-09/09/49)		1,855,193			0.1
	8,819,237		Cantor Fitzgerald Securities, Repurchase Agreement dated 03/29/18, 1.80%, due 04/02/18 (Repurchase Amount $8,820,977, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-9.500%, Market Value plus accrued interest $8,995,622, due 03/31/18-02/20/68)		8,819,237			0.5
	8,819,237		Jefferies LLC, Repurchase Agreement dated 03/29/18, 1.82%, due 04/02/18 (Repurchase Amount $8,820,996, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-6.250%, Market Value plus accrued interest $8,995,662, due 04/17/18-07/15/32)		8,819,237			0.5
	8,819,237		Nomura Securities, Repurchase Agreement dated 03/29/18, 1.82%, due 04/02/18 (Repurchase Amount $8,820,996, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-7.500%, Market Value plus accrued interest $8,995,622, due 04/02/18-02/20/68)		8,819,237			0.5
	8,819,200		State of Wisconsin Investment Board, Repurchase Agreement dated 03/29/18, 2.10%, due 04/02/18 (Repurchase Amount $8,821,230, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $9,027,134, due 04/15/19-02/15/47)		8,819,200			0.5
					37,132,104			2.1
Shares					Value			Percentage of Net Assets
			Mutual Funds: 0.8%
	13,236,908	(4)	BlackRock Liquidity Funds, FedFund, Institutional Class, 1.550%
			(Cost $13,236,908)		13,236,908			0.8
		Total Short-Term Investments
		(Cost $50,369,012)			50,369,012			2.9
		Total Investments in Securities (Cost $934,685,710)		$	1,746,954,998			101.8
		Liabilities in Excess of Other Assets			(31,061,101	)		(1.8	)
		Net Assets		$	1,715,893,897			100.0

VY® Oppenheimer Global Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (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 March 31, 2018.

Sector Diversification	Percentage of Net Assets
Information Technology		28.5	%
Financials		16.9
Consumer Discretionary		15.8
Health Care		15.7
Industrials		14.1
Consumer Staples		4.2
Real Estate		1.9
Energy		0.9
Materials		0.9
Short-Term Investments		2.9
Liabilities in Excess of Other Assets		(1.8)
Net Assets		100.0	%

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:⁽¹⁾

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs# (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Common Stock
China	$	39,600,310	$	–	$	–	$	39,600,310
Denmark		–		11,386,600		–		11,386,600
France		–		107,419,454		–		107,419,454
Germany		–		122,050,326		–		122,050,326
India		13,013,677		32,304,147		–		45,317,824
Italy		–		5,076,713		–		5,076,713
Japan		–		263,072,342		–		263,072,342
Netherlands		–		57,110,641		–		57,110,641
Spain		–		35,762,524		–		35,762,524
Sweden		–		21,228,401		–		21,228,401
Switzerland		–		50,829,584		–		50,829,584
United Kingdom		17,158,324		105,479,827		–		122,638,151
United States		784,130,333		–		–		784,130,333
Total Common Stock		853,902,644		811,720,559		–		1,665,623,203
Preferred Stock		240,333		30,722,450		–		30,962,783
Short-Term Investments		13,236,908		37,132,104		–		50,369,012
Total Investments, at fair value	$	867,379,885	$	879,575,113	$	–	$	1,746,954,998

(1)

For the period ended March 31, 2018, as a result of the fair value pricing procedures for international equities utilized by the Portfolio certain securities have transferred in and out of Level 1 and Level 2 measurements during the year. The Portfolio's policy is to recognize transfers between levels at the beginning of the reporting period. At March 31, 2018, securities valued at $19,494,925 were transferred from Level 1 to Level 2 within the fair value hierarchy.

#

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 March 31, 2018, 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:

VY® Oppenheimer Global Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Cost for federal income tax purposes was $956,506,796.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	815,196,474
Gross Unrealized Depreciation		(24,673,246	)
Net Unrealized Appreciation	$	790,523,228

VY® Pioneer High Yield Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: 75.4%
			Basic Materials: 4.2%
	300,000	(1)	Ausdrill Finance Pty Ltd., 6.875%, 11/01/2019	$	304,560		0.3
	389,000		CF Industries, Inc., 3.450%, 06/01/2023		374,899		0.4
	300,000		Coeur Mining, Inc., 5.875%, 06/01/2024		299,625		0.3
	130,000		Commercial Metals Co., 5.375%, 07/15/2027		128,375		0.1
	250,000	(1)	Constellium NV, 5.875%, 02/15/2026		246,875		0.2
	225,000	(1)	First Quantum Minerals Ltd., 6.875%, 03/01/2026		214,312		0.2
	250,000	(1)	GCP Applied Technologies, Inc., 5.500%, 04/15/2026		249,687		0.2
	60,000		Hexion, Inc., 6.625%, 04/15/2020		56,250		0.1
	75,000	(1)	Hudbay Minerals, Inc., 7.250%, 01/15/2023		78,187		0.1
	100,000	(1)	Hudbay Minerals, Inc., 7.625%, 01/15/2025		106,125		0.1
	207,000	(1)	Ingevity Corp., 4.500%, 02/01/2026		199,755		0.2
	435,000	(1)	Kraton Polymers LLC / Kraton Polymers Capital Corp., 7.000%, 04/15/2025		452,400		0.5
	280,000	(1)	Kraton Polymers LLC / Kraton Polymers Capital Corp., 10.500%, 04/15/2023		312,200		0.3
	450,000	(1)	NOVA Chemicals Corp., 5.000%, 05/01/2025		432,990		0.4
	170,000		Olin Corp., 5.000%, 02/01/2030		162,988		0.2
	145,000	(1)	Tronox Finance LLC, 7.500%, 03/15/2022		150,527		0.2
	270,000		United States Steel Corp., 6.250%, 03/15/2026		269,663		0.3
	110,000		Valvoline, Inc., 4.375%, 08/15/2025		106,975		0.1
					4,146,393		4.2
			Communications: 11.8%
	200,000	(1)	Altice Financing SA, 6.625%, 02/15/2023		198,500		0.2
	200,000	(1)	Altice France SA/France, 6.000%, 05/15/2022		195,750		0.2
	200,000	(1)	Altice US Finance I Corp., 5.375%, 07/15/2023		203,100		0.2
	365,000	(2),(3)	Avaya, Inc., 0.000%, 04/01/2019		–		–
	210,000	(1)	CCO Holdings LLC / CCO Holdings Capital Corp., 5.000%, 02/01/2028		197,925		0.2
	505,000	(1)	CCO Holdings LLC / CCO Holdings Capital Corp., 5.500%, 05/01/2026		495,531		0.5
	310,000	(1)	CCO Holdings LLC / CCO Holdings Capital Corp., 5.750%, 02/15/2026		309,228		0.3
	380,000		CenturyLink, Inc., 6.450%, 06/15/2021		389,500		0.4
	155,000	(1)	CommScope Technologies LLC, 5.000%, 03/15/2027		147,637		0.1
	120,000	(1)	CommScope, Inc., 5.000%, 06/15/2021		122,100		0.1
	200,000	(1)	CSC Holdings LLC, 5.375%, 02/01/2028		189,418		0.2
	200,000	(1)	CSC Holdings LLC, 5.500%, 04/15/2027		192,000		0.2
	102,000		DISH DBS Corp., 5.875%, 07/15/2022		97,792		0.1
	100,000	(1)	Frontier Communications Corp., 8.500%, 04/01/2026		97,250		0.1
	555,000		Frontier Communications Corp., 8.750%, 04/15/2022		432,900		0.4
	330,000		Frontier Communications Corp., 11.000%, 09/15/2025		248,944		0.2
	250,000		GCI, Inc., 6.750%, 06/01/2021		253,437		0.3
	250,000	(1)	Gray Television, Inc., 5.125%, 10/15/2024		242,500		0.2
	249,000	(1)	Gray Television, Inc., 5.875%, 07/15/2026		242,775		0.2
	415,000		Hughes Satellite Systems Corp., 5.250%, 08/01/2026		408,256		0.4
	690,000		Level 3 Financing, Inc., 5.250%, 03/15/2026		652,050		0.7
	195,000	(1)	MDC Partners, Inc., 6.500%, 05/01/2024		190,613		0.2
	1,445,000	(2)	Millicom International Cellular S.A. Escrow, 0.000%, 11/15/2026		–		–
	526,000		Netflix, Inc., 4.375%, 11/15/2026		499,700		0.5
	350,000		Quebecor Media, Inc., 5.750%, 01/15/2023		360,500		0.4
	322,000	(1)	Sirius XM Radio, Inc., 5.000%, 08/01/2027		304,290		0.3
	1,660,000		Sprint Corp., 7.250%, 09/15/2021		1,720,175		1.7
	275,000		Sprint Corp., 7.625%, 03/01/2026		269,156		0.3
	95,000		T-Mobile USA, Inc., 5.125%, 04/15/2025		95,713		0.1
	130,000		T-Mobile USA, Inc., 6.000%, 03/01/2023		135,525		0.1
	250,000		T-Mobile USA, Inc., 6.000%, 04/15/2024		261,025		0.3

VY® Pioneer High Yield Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Communications: (continued)
	70,000		T-Mobile USA, Inc., 6.500%, 01/15/2024	$	73,500		0.1
	450,000		T-Mobile USA, Inc., 6.500%, 01/15/2026		479,250		0.5
	480,000	(1)	Videotron Ltd., 5.375%, 06/15/2024		497,400		0.5
	771,000	(1)	Wind Tre SpA, 5.000%, 01/20/2026		659,005		0.7
	335,000	(1)	Windstream Services LLC / Windstream Finance Corp., 8.625%, 10/31/2025		311,550		0.3
	317,000	(1)	Windstream Services LLC / Windstream Finance Corp., 8.750%, 12/15/2024		189,408		0.2
	375,000		Windstream Services LLC, 6.375%, 08/01/2023		216,563		0.2
	200,000		Windstream Services LLC, 7.750%, 10/15/2020		168,000		0.2
					11,747,966		11.8
			Consumer, Cyclical: 11.9%
	280,000		American Axle & Manufacturing, Inc., 6.250%, 03/15/2026		278,516		0.3
	200,000	(1)	Aramark Services, Inc., 5.000%, 02/01/2028		196,250		0.2
	335,000		Asbury Automotive Group, Inc., 6.000%, 12/15/2024		342,537		0.3
	225,000		Beazer Homes USA, Inc., 5.875%, 10/15/2027		209,531		0.2
	570,000		Beazer Homes USA, Inc., 6.750%, 03/15/2025		567,150		0.6
	70,000		Beazer Homes USA, Inc., 8.750%, 03/15/2022		75,600		0.1
	230,000	(1)	Cooper-Standard Automotive, Inc., 5.625%, 11/15/2026		230,000		0.2
	125,000	(1)	Dana Financing Luxembourg Sarl, 5.750%, 04/15/2025		127,656		0.1
	300,000		Eldorado Resorts, Inc., 6.000%, 04/01/2025		306,000		0.3
	360,000		Global Partners L.P. / GLP Finance Corp., 7.000%, 06/15/2023		364,500		0.4
	250,000	(1)	Golden Nugget, Inc., 6.750%, 10/15/2024		252,500		0.3
	230,000	(1)	Golden Nugget, Inc., 8.750%, 10/01/2025		239,200		0.2
	350,000		Goodyear Tire & Rubber Co/The, 5.000%, 05/31/2026		341,687		0.3
	203,000		H&E Equipment Services, Inc., 5.625%, 09/01/2025		205,284		0.2
	165,000		Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc., 6.125%, 12/01/2024		175,931		0.2
	180,000	(1)	International Automotive Components Group SA, 9.125%, 06/01/2018		171,225		0.2
	300,000	(1)	International Game Technology PLC, 6.500%, 02/15/2025		322,875		0.3
	248,000	(1)	JB Poindexter & Co., Inc., 9.000%, 04/01/2022		255,874		0.3
	100,000	(1)	JC Penney Corp., Inc., 8.625%, 03/15/2025		94,250		0.1
	400,000		KB Home, 7.000%, 12/15/2021		430,500		0.4
	245,000		KB Home, 7.500%, 09/15/2022		270,112		0.3
	205,000	(1)	KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC, 5.000%, 06/01/2024		204,231		0.2
	205,000	(1)	KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC, 5.250%, 06/01/2026		204,744		0.2
	150,000		L Brands, Inc., 5.250%, 02/01/2028		141,562		0.1
	250,000		Lennar Corp., 4.500%, 06/15/2019		251,875		0.3
	465,000		Lennar Corp., 4.750%, 11/15/2022		469,650		0.5
	130,000	(1)	Lennar Corp., 5.375%, 10/01/2022		134,225		0.1
	100,000		LKQ Corp., 4.750%, 05/15/2023		100,000		0.1
	310,000		MDC Holdings, Inc., 5.500%, 01/15/2024		316,200		0.3
	230,000		Meritage Homes Corp., 5.125%, 06/06/2027		217,925		0.2
	240,000	(1)	Meritage Homes Corp., 6.000%, 06/01/2025		247,236		0.2
	145,000		Meritage Homes Corp., 7.000%, 04/01/2022		159,138		0.2
	200,000	(1)	Nexteer Automotive Group Ltd., 5.875%, 11/15/2021		207,000		0.2
	466,000	(1)	PetSmart, Inc., 7.125%, 03/15/2023		266,785		0.3
	280,000		PulteGroup, Inc., 5.000%, 01/15/2027		273,266		0.3
	200,000	(1)	Scientific Games International, Inc., 5.000%, 10/15/2025		195,000		0.2
	595,000		Scientific Games International, Inc., 10.000%, 12/01/2022		642,972		0.6
	365,000	(1)	Taylor Morrison Communities, Inc. / Taylor Morrison Holdings II, Inc., 5.625%, 03/01/2024		366,716		0.4

VY® Pioneer High Yield Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Consumer, Cyclical: (continued)
	400,000		Tempur Sealy International, Inc., 5.500%, 06/15/2026	$	386,000		0.4
	169,000	(1)	TI Group Automotive Systems LLC, 8.750%, 07/15/2023		178,295		0.2
	255,000	(1)	Titan International, Inc., 6.500%, 11/30/2023		263,288		0.3
	190,000		TRI Pointe Group, Inc., 5.250%, 06/01/2027		181,213		0.2
	508,000	(1)	Viking Cruises Ltd., 5.875%, 09/15/2027		482,600		0.5
	305,000	(1)	Viking Cruises Ltd, 6.250%, 05/15/2025		306,525		0.3
	150,000	(1)	VOC Escrow Ltd., 5.000%, 02/15/2028		143,250		0.1
					11,796,874		11.9
			Consumer, Non-cyclical: 11.4%
	80,000	(1)	Alliance One International, Inc., 8.500%, 04/15/2021		83,600		0.1
	285,000		Alliance One International, Inc., 9.875%, 07/15/2021		277,519		0.3
	250,000	(1)	APTIM Corp., 7.750%, 06/15/2025		216,875		0.2
	200,000	(1)	Ashtead Capital, Inc., 4.125%, 08/15/2025		192,250		0.2
	94,000	(1)	Avantor, Inc., 6.000%, 10/01/2024		93,765		0.1
	225,000		BioScrip, Inc., 8.875%, 02/15/2021		213,187		0.2
	446,000	(1)	Brink's Co/The, 4.625%, 10/15/2027		414,780		0.4
	215,000	(1)	C&S Group Enterprises LLC, 5.375%, 07/15/2022		203,685		0.2
	250,000	(1)	Cardtronics, Inc. / Cardtronics USA, Inc., 5.500%, 05/01/2025		236,875		0.2
	130,000	(1)	Charles River Laboratories International, Inc., 5.500%, 04/01/2026		132,437		0.1
	85,000		CHS/Community Health Systems, Inc., 6.250%, 03/31/2023		78,731		0.1
	80,000		CHS/Community Health Systems, Inc., 6.875%, 02/01/2022		46,700		0.1
	375,000	(1)	Cimpress NV, 7.000%, 04/01/2022		392,812		0.4
	270,000	(1)	Endo Finance LLC, 5.750%, 01/15/2022		222,750		0.2
	200,000	(1)	Endo Ltd. / Endo Finance LLC / Endo Finco, Inc., 6.000%, 02/01/2025		144,500		0.1
	171,000	(1)	Garda World Security Corp., 8.750%, 05/15/2025		179,550		0.2
	738,000		HCA, Inc., 5.375%, 02/01/2025		741,690		0.7
	35,000	(1)	Horizon Pharma, Inc. / Horizon Pharma USA, Inc., 8.750%, 11/01/2024		37,450		0.0
	416,000		Horizon Pharma, Inc., 6.625%, 05/01/2023		416,000		0.4
	400,000		Ingles Markets, Inc., 5.750%, 06/15/2023		401,880		0.4
	400,000	(1)	JBS USA LUX SA / JBS USA Finance, Inc., 6.750%, 02/15/2028		384,500		0.4
	450,000		Kindred Healthcare, Inc., 6.375%, 04/15/2022		453,375		0.5
	240,000		Kindred Healthcare, Inc., 8.000%, 01/15/2020		255,300		0.3
	80,000	(1)	Lamb Weston Holdings, Inc., 4.625%, 11/01/2024		79,700		0.1
	80,000	(1)	Lamb Weston Holdings, Inc., 4.875%, 11/01/2026		79,500		0.1
	345,000		Molina Healthcare, Inc., 5.375%, 11/15/2022		342,413		0.3
	96,000	(1)	Pilgrim's Pride Corp., 5.875%, 09/30/2027		90,480		0.1
	500,000	(1)	Post Holdings, Inc., 5.625%, 01/15/2028		479,375		0.5
	510,000	(1)	RegionalCare Hospital Partners Holdings, Inc., 8.250%, 05/01/2023		532,950		0.5
	135,000		Service Corp. International/US, 4.625%, 12/15/2027		130,613		0.1
	235,000	(1)	Team Health Holdings, Inc., 6.375%, 02/01/2025		202,711		0.2
	360,000		Tenet Healthcare Corp., 4.375%, 10/01/2021		355,500		0.4
	60,000		United Rentals North America, Inc., 4.625%, 10/15/2025		58,500		0.1
	60,000		United Rentals North America, Inc., 4.875%, 01/15/2028		58,050		0.1
	525,000		United Rentals North America, Inc., 5.750%, 11/15/2024		548,520		0.6
	135,000		Universal Hospital Services, Inc., 7.625%, 08/15/2020		136,688		0.1
	200,000	(1)	Valeant Pharmaceuticals International, Inc., 5.500%, 11/01/2025		195,450		0.2
	1,709,000	(1)	Valeant Pharmaceuticals International, Inc., 5.875%, 05/15/2023		1,523,146		1.5
	95,000	(1)	Valeant Pharmaceuticals International, Inc., 6.500%, 03/15/2022		98,444		0.1

VY® Pioneer High Yield Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Consumer, Non-cyclical: (continued)
	125,000	(1)	Valeant Pharmaceuticals International, Inc., 7.000%, 03/15/2024	$	130,781		0.1
	525,000		WellCare Health Plans, Inc., 5.250%, 04/01/2025		528,281		0.5
					11,391,313		11.4
			Energy: 17.0%
	150,000		Alta Mesa Holdings L.P. / Alta Mesa Finance Services Corp., 7.875%, 12/15/2024		156,937		0.2
	200,000		Andeavor Logistics L.P. / Tesoro Logistics Finance Corp., 5.250%, 01/15/2025		203,580		0.2
	300,000		Andeavor, 5.375%, 10/01/2022		307,875		0.3
	135,000		Antero Midstream Partners L.P. / Antero Midstream Finance Corp., 5.375%, 09/15/2024		136,687		0.1
	212,000		Antero Resources Corp., 5.000%, 03/01/2025		213,590		0.2
	525,000		Archrock Partners L.P. / Archrock Partners Finance Corp., 6.000%, 04/01/2021		528,281		0.5
	50,000		Archrock Partners L.P. / Archrock Partners Finance Corp., 6.000%, 10/01/2022		49,875		0.1
	355,000	(1)	Blue Racer Midstream LLC / Blue Racer Finance Corp., 6.125%, 11/15/2022		362,987		0.4
	201,000	(1)	Calfrac Holdings L.P., 7.500%, 12/01/2020		198,236		0.2
	350,000		Calumet Specialty Products Partners L.P. / Calumet Finance Corp., 6.500%, 04/15/2021		341,250		0.3
	175,000		Calumet Specialty Products Partners L.P. / Calumet Finance Corp., 7.750%, 04/15/2023		173,687		0.2
	518,000		Cheniere Corpus Christi Holdings LLC, 5.125%, 06/30/2027		516,057		0.5
	100,000		Cheniere Corpus Christi Holdings LLC, 5.875%, 03/31/2025		105,000		0.1
	104,000	(1)	Chesapeake Energy Corp., 8.000%, 12/15/2022		110,110		0.1
	142,000	(3)	Cobalt International Energy, Inc., 10.750%, 12/01/2021		155,845		0.2
	200,000		Concho Resources, Inc., 4.375%, 01/15/2025		202,972		0.2
	249,000	(1)	Covey Park Energy LLC / Covey Park Finance Corp., 7.500%, 05/15/2025		249,000		0.3
	90,000		DCP Midstream Operating L.P., 2.700%, 04/01/2019		89,550		0.1
	102,000		DCP Midstream Operating L.P., 3.875%, 03/15/2023		98,940		0.1
	325,000		DCP Midstream Operating L.P., 5.600%, 04/01/2044		330,281		0.3
	285,000	(1)	Delek Logistics Partners L.P., 6.750%, 05/15/2025		289,275		0.3
	110,000	(1)	Endeavor Energy Resources L.P. / EER Finance, Inc., 5.500%, 01/30/2026		109,725		0.1
	115,000	(1)	Endeavor Energy Resources L.P. / EER Finance, Inc., 5.750%, 01/30/2028		115,000		0.1
	200,000		Energy Transfer Equity L.P., 4.250%, 03/15/2023		195,000		0.2
	295,000		Energy Transfer Equity L.P., 5.875%, 01/15/2024		305,325		0.3
	60,000		EnLink Midstream Partners L.P., 5.050%, 04/01/2045		55,902		0.1
	174,000		EnLink Midstream Partners L.P., 5.600%, 04/01/2044		174,221		0.2
	90,000		Ensco PLC, 7.750%, 02/01/2026		82,800		0.1
	150,000	(1)	Exterran Energy Solutions L.P. / EES Finance Corp., 8.125%, 05/01/2025		159,375		0.2
	250,000		FTS International, Inc., 6.250%, 05/01/2022		251,875		0.3
	210,000		Genesis Energy L.P. / Genesis Energy Finance Corp., 6.250%, 05/15/2026		200,550		0.2
	233,000		Genesis Energy L.P. / Genesis Energy Finance Corp., 6.500%, 10/01/2025		229,505		0.2
	100,000		Genesis Energy L.P. / Genesis Energy Finance Corp., 6.750%, 08/01/2022		103,125		0.1
	245,000	(1)	Great Western Petroleum LLC / Great Western Finance Corp., 9.000%, 09/30/2021		252,350		0.3
	300,000		Gulfport Energy Corp., 6.000%, 10/15/2024		286,125		0.3
	115,000		Gulfport Energy Corp., 6.375%, 05/15/2025		111,119		0.1

VY® Pioneer High Yield Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Energy: (continued)
	10,000		Gulfport Energy Corp., 6.625%, 05/01/2023	$	10,150		0.0
	36,000		Halcon Resources Corp., 6.750%, 02/15/2025		35,550		0.0
	160,000	(1)	Halcon Resources Corp., 6.750%, 02/15/2025		157,000		0.2
	450,000	(1)	Hess Infrastructure Partners L.P. / Hess Infrastructure Partners Finance Corp., 5.625%, 02/15/2026		444,375		0.4
	230,000	(1)	Hilcorp Energy I L.P. / Hilcorp Finance Co., 5.750%, 10/01/2025		228,850		0.2
	361,000	(1)	Indigo Natural Resources LLC, 6.875%, 02/15/2026		342,048		0.3
	100,000	(1)	MEG Energy Corp., 6.500%, 01/15/2025		97,375		0.1
	220,000	(1)	MEG Energy Corp., 7.000%, 03/31/2024		182,600		0.2
	80,000		Murphy Oil Corp., 6.875%, 08/15/2024		83,600		0.1
	250,000		Murphy Oil USA, Inc., 6.000%, 08/15/2023		258,750		0.3
	162,000	(1)	NGPL PipeCo LLC, 4.375%, 08/15/2022		161,595		0.2
	330,000		Oasis Petroleum, Inc., 6.875%, 03/15/2022		335,524		0.3
	230,000	(1)	Parsley Energy LLC / Parsley Finance Corp., 5.375%, 01/15/2025		230,575		0.2
	200,000	(1)	Parsley Energy LLC / Parsley Finance Corp., 5.625%, 10/15/2027		200,500		0.2
	210,000	(1)	Parsley Energy LLC / Parsley Finance Corp., 6.250%, 06/01/2024		218,138		0.2
	400,000		PBF Holding Co. LLC / PBF Finance Corp., 7.000%, 11/15/2023		416,000		0.4
	400,000	(1)	PBF Logistics L.P. / PBF Logistics Finance Corp., 6.875%, 05/15/2023		407,000		0.4
	200,000	(1)	Precision Drilling Corp., 7.125%, 01/15/2026		198,500		0.2
	220,000		QEP Resources, Inc., 5.625%, 03/01/2026		208,450		0.2
	275,000		Range Resources Corp., 5.000%, 03/15/2023		265,045		0.3
	70,000		Rowan Cos, Inc., 4.875%, 06/01/2022		64,050		0.1
	596,000		Rowan Cos, Inc., 5.400%, 12/01/2042		420,180		0.4
	21,000		Rowan Cos, Inc., 5.850%, 01/15/2044		15,015		0.0
	125,000		Sabine Pass Liquefaction LLC, 5.000%, 03/15/2027		129,875		0.1
	245,000		Sabine Pass Liquefaction LLC, 5.875%, 06/30/2026		268,058		0.3
	55,000		Sanchez Energy Corp., 6.125%, 01/15/2023		40,391		0.0
	110,000	(1)	Sanchez Energy Corp., 7.250%, 02/15/2023		110,825		0.1
	360,000		Sanchez Energy Corp., 7.750%, 06/15/2021		333,000		0.3
	85,000	(1)	SESI LLC, 7.750%, 09/15/2024		88,188		0.1
	180,000	(1)	Shelf Drilling Holdings Ltd., 8.250%, 02/15/2025		181,125		0.2
	35,000		SM Energy Co., 6.125%, 11/15/2022		35,175		0.0
	260,000		SM Energy Co., 6.750%, 09/15/2026		258,700		0.3
	120,000		Summit Midstream Holdings LLC / Summit Midstream Finance Corp., 5.750%, 04/15/2025		114,900		0.1
	250,000	(1)	Sunoco L.P. / Sunoco Finance Corp., 4.875%, 01/15/2023		241,563		0.2
	100,000	(1)	Sunoco L.P. / Sunoco Finance Corp., 5.875%, 03/15/2028		96,875		0.1
	335,000		Targa Resources Partners L.P. / Targa Resources Partners Finance Corp., 4.250%, 11/15/2023		322,856		0.3
	84,000	(1)	Targa Resources Partners L.P. / Targa Resources Partners Finance Corp., 5.000%, 01/15/2028		80,430		0.1
	215,000		Targa Resources Partners L.P. / Targa Resources Partners Finance Corp., 5.250%, 05/01/2023		217,150		0.2
	300,000	(1)	TerraForm Power Operating LLC, 4.250%, 01/31/2023		289,125		0.3
	255,000	(1)	TerraForm Power Operating LLC, 5.000%, 01/31/2028		242,888		0.2
	200,000		TransMontaigne Partners L.P. / TLP Finance Corp., 6.125%, 02/15/2026		201,500		0.2
	270,000	(1)	Trinidad Drilling Ltd, 6.625%, 02/15/2025		253,125		0.3
	125,000	(1)	Whiting Petroleum Corp., 6.625%, 01/15/2026		126,094		0.1
	330,000		Williams Cos, Inc./The, 4.550%, 06/24/2024		333,950		0.3
	150,000		Williams Cos, Inc./The, 5.750%, 06/24/2044		159,375		0.2

VY® Pioneer High Yield Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Energy: (continued)
	200,000		WPX Energy, Inc., 5.250%, 09/15/2024	$	198,000		0.2
	101,000		WPX Energy, Inc., 7.500%, 08/01/2020		108,575		0.1
	80,000		WPX Energy, Inc., 8.250%, 08/01/2023		90,000		0.1
					16,954,625		17.0
			Financial: 8.1%
	500,000	(1)	Alliance Data Systems Corp., 5.875%, 11/01/2021		511,250		0.5
	200,000		Ally Financial, Inc., 4.625%, 05/19/2022		203,500		0.2
	280,000		Ally Financial, Inc., 4.625%, 03/30/2025		277,550		0.3
	235,000		Credit Suisse Group AG, 7.125%, 12/31/2199		245,869		0.2
	190,000		CyrusOne L.P. / CyrusOne Finance Corp., 5.000%, 03/15/2024		190,712		0.2
	40,000		CyrusOne L.P. / CyrusOne Finance Corp., 5.375%, 03/15/2027		40,000		0.0
	195,000		Equinix, Inc., 5.375%, 04/01/2023		200,119		0.2
	600,000		Fly Leasing Ltd., 6.375%, 10/15/2021		624,750		0.6
	620,000	(1)	Freedom Mortgage Corp., 8.125%, 11/15/2024		637,050		0.6
	260,000	(1)	Iron Mountain US Holdings, Inc., 5.375%, 06/01/2026		249,925		0.3
	300,000		Iron Mountain, Inc., 5.750%, 08/15/2024		292,125		0.3
	250,000		Kennedy-Wilson, Inc., 5.875%, 04/01/2024		249,062		0.3
	250,000	(1)	Kilimanjaro Re Ltd. (Cat Bond), 6.200%, (T-BILL 3MO + 4.500%), 04/30/2018		250,887		0.3
	250,000	(1)	Kilimanjaro Re Ltd. (Cat Bond), 10.950%, (T-BILL 3MO + 9.250%), 12/06/2019		252,312		0.3
	130,000		MPT Operating Partnership L.P. / MPT Finance Corp., 5.000%, 10/15/2027		127,764		0.1
	185,000		MPT Operating Partnership L.P. / MPT Finance Corp., 5.500%, 05/01/2024		189,627		0.2
	100,000		Nationstar Mortgage LLC / Nationstar Capital Corp., 6.500%, 08/01/2018		100,563		0.1
	575,000		Nationstar Mortgage LLC / Nationstar Capital Corp., 6.500%, 07/01/2021		585,062		0.6
	125,000		Nationstar Mortgage LLC / Nationstar Capital Corp., 6.500%, 06/01/2022		128,203		0.1
	295,000	(1)	Oxford Finance LLC / Oxford Finance Co-Issuer II, Inc., 6.375%, 12/15/2022		302,375		0.3
	308,000	(1)	Provident Funding Associates L.P. / PFG Finance Corp., 6.375%, 06/15/2025		309,925		0.3
	120,000	(1)	Quicken Loans, Inc., 5.750%, 05/01/2025		120,300		0.1
	600,000		Royal Bank of Scotland Group PLC, 8.000%, 12/31/2199		659,250		0.7
	200,000	(1)	Societe Generale SA, 7.375%, 12/31/2199		213,250		0.2
	250,000	(1)	Tailwind Re Ltd. 2017-1, 8.950%, (T-BILL 3MO + 7.250%), 01/08/2025		251,663		0.3
	235,000		UBS Group AG, 7.125%, 12/31/2199		248,088		0.2
	335,000	(1)	Uniti Group L.P. / Uniti Group Finance, Inc. / CSL Capital LLC, 6.000%, 04/15/2023		323,275		0.3
	250,000	(1)	Ursa Re Ltd 2017-2 D (Cat Bond), 5.250%, 12/10/2020		252,013		0.3
					8,036,469		8.1
			Industrial: 6.0%
	405,000		AECOM, 5.875%, 10/15/2024		425,756		0.4
	80,000	(1)	American Woodmark Corp., 4.875%, 03/15/2026		78,300		0.1
	250,000	(1)	Amsted Industries, Inc., 5.000%, 03/15/2022		251,250		0.2
	250,000	(1)	Amsted Industries, Inc., 5.375%, 09/15/2024		251,250		0.3
	100,000	(4)	ARD Finance SA, 7.125% (PIK Rate 7.875%, Cash Rate 0.000%), 09/15/2023		103,875		0.1
EUR	100,000	(4)	ARD Finance SA, 6.625% (PIK Rate 7.375%, Cash Rate 0.000%), 09/15/2023		130,120		0.1
	80,000	(1)	Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc., 4.625%, 05/15/2023		80,600		0.1
	220,000	(1)	Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc., 6.000%, 02/15/2025		221,650		0.2
	90,000	(1)	Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc., 7.250%, 05/15/2024		96,075		0.1

VY® Pioneer High Yield Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Industrial: (continued)
	384,000		Ball Corp., 5.250%, 07/01/2025	$	396,960		0.4
EUR	160,000		Belden, Inc., 3.875%, 03/15/2028		191,458		0.2
	140,000	(1)	Builders FirstSource, Inc., 5.625%, 09/01/2024		141,225		0.1
	205,000	(1)	Coveris Holdings SA, 7.875%, 11/01/2019		206,537		0.2
	640,000		Crown Cork & Seal Co., Inc., 7.375%, 12/15/2026		716,800		0.7
	110,000	(1)	DAE Funding LLC, 4.500%, 08/01/2022		104,637		0.1
	150,000		Engility Corp., 8.875%, 09/01/2024		156,518		0.2
	100,000		EnPro Industries, Inc., 5.875%, 09/15/2022		103,875		0.1
	360,000	(1)	GFL Environmental, Inc., 5.375%, 03/01/2023		354,600		0.4
	205,000		Griffon Corp., 5.250%, 03/01/2022		206,599		0.2
	215,000	(1)	Itron, Inc., 5.000%, 01/15/2026		212,377		0.2
	225,000	(1)	Kratos Defense & Security Solutions, Inc., 6.500%, 11/30/2025		233,156		0.2
	265,000		MasTec, Inc., 4.875%, 03/15/2023		263,675		0.3
	150,000		Park-Ohio Industries, Inc., 6.625%, 04/15/2027		156,000		0.2
	125,000	(1)	Plastipak Holdings, Inc., 6.250%, 10/15/2025		125,313		0.1
	120,000	(1)	RBS Global, Inc. / Rexnord LLC, 4.875%, 12/15/2025		116,700		0.1
	96,911		Reynolds Group Issuer, Inc., 5.750%, 10/15/2020		98,243		0.1
	200,000	(1)	syncreon Group BV / syncreon Global Finance US, Inc., 8.625%, 11/01/2021		165,000		0.2
	75,000	(1)	TTM Technologies, Inc., 5.625%, 10/01/2025		74,813		0.1
	185,000	(1)	USG Corp., 4.875%, 06/01/2027		187,313		0.2
	150,000	(1)	Waste Pro USA, Inc., 5.500%, 02/15/2026		148,500		0.1
					5,999,175		6.0
			Technology: 2.7%
	435,000		Diebold Nixdorf, Inc., 8.500%, 04/15/2024		459,469		0.4
	80,000	(1)	Entegris, Inc., 4.625%, 02/10/2026		78,409		0.1
	570,000	(1)	First Data Corp., 5.750%, 01/15/2024		575,700		0.6
	155,000	(1)	First Data Corp., 7.000%, 12/01/2023		163,331		0.2
	200,000	(2),(3)	Midway Games, Inc., 0.000%, 06/01/2021		–		–
	160,000	(1)	MSCI, Inc., 4.750%, 08/01/2026		158,800		0.1
	265,000		NCR Corp., 5.000%, 07/15/2022		266,325		0.3
	160,000		NCR Corp., 6.375%, 12/15/2023		166,400		0.2
	200,000	(1)	Open Text Corp., 5.875%, 06/01/2026		206,190		0.2
	200,000	(1)	Quintiles IMS, Inc., 5.000%, 10/15/2026		199,676		0.2
	400,000	(1)	Rackspace Hosting, Inc., 8.625%, 11/15/2024		396,000		0.4
					2,670,300		2.7
			Utilities: 2.3%
	200,000		AmeriGas Partners L.P. / AmeriGas Finance Corp., 5.500%, 05/20/2025		194,000		0.2
	200,000	(1)	Calpine Corp., 5.250%, 06/01/2026		193,750		0.2
	580,000		Calpine Corp., 5.750%, 01/15/2025		532,150		0.5
	361,000	(1)	Dynegy, Inc., 8.000%, 01/15/2025		394,392		0.4
	65,000	(1)	NextEra Energy Operating Partners L.P., 4.250%, 09/15/2024		63,213		0.1
	695,000		NRG Energy, Inc., 6.625%, 01/15/2027		714,113		0.7
	184,505	(1)	NSG Holdings LLC / NSG Holdings, Inc., 7.750%, 12/15/2025		203,416		0.2
					2,295,034		2.3
		Total Corporate Bonds/Notes
		(Cost $75,536,533)			75,038,149		75.4
FOREIGN GOVERNMENT BONDS: –%
	15,383	(2),(3),(4)	Mashantucket Western Pequot Tribe, 6.500% (PIK Rate 5.500%, Cash Rate 0.000%), 07/01/2036		–		–
		Total Foreign Government Bonds
		(Cost $2,319)			–		–
CONVERTIBLE BONDS/NOTES: 7.5%
			Communications: 0.9%
	125,000		Ctrip.com International Ltd., 1.250%, 09/15/2022		130,161		0.1
	319,000		DISH Network Corp., 2.375%, 03/15/2024		283,684		0.3
	215,000		Finisar Corp., 0.500%, 12/15/2033		211,777		0.2
	50,000		FireEye, Inc., 1.000%, 06/01/2035		47,671		0.1
	50,000		FireEye, Inc., 1.625%, 06/01/2035		46,898		0.0

VY® Pioneer High Yield Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CONVERTIBLE BONDS/NOTES: (continued)
			Communications: (continued)
	150,000		Zillow Group, Inc., 2.000%, 12/01/2021	$	182,045		0.2
					902,236		0.9
			Consumer, Cyclical: 0.3%
	310,000		KB Home, 1.375%, 02/01/2019		352,431		0.3
			Consumer, Non-cyclical: 3.6%
	406,000		Alder Biopharmaceuticals, Inc., 2.500%, 02/01/2025		375,248		0.4
	155,000		Ascent Capital Group, Inc., 4.000%, 07/15/2020		116,928		0.1
	185,000		BioMarin Pharmaceutical, Inc., 0.599%, 08/01/2024		174,131		0.2
	330,000		Cardtronics, Inc., 1.000%, 12/01/2020		308,169		0.3
	180,000		Endologix, Inc., 2.250%, 12/15/2018		173,025		0.2
	205,000		Endologix, Inc., 3.250%, 11/01/2020		177,325		0.2
	390,000		Innoviva, Inc., 2.125%, 01/15/2023		419,410		0.4
	166,000		Insmed, Inc., 1.750%, 01/15/2025		146,779		0.1
	200,000		Jazz Investments I Ltd., 1.875%, 08/15/2021		209,750		0.2
	115,000		Macquarie Infrastructure Corp., 2.000%, 10/01/2023		102,638		0.1
	205,000		Medicines Co/The, 2.500%, 01/15/2022		236,818		0.2
	140,000		Medicines Co/The, 2.750%, 07/15/2023		135,117		0.1
	205,000		NuVasive, Inc., 2.250%, 03/15/2021		226,204		0.2
	205,000		Quidel Corp., 3.250%, 12/15/2020		355,614		0.4
	470,000		Wright Medical Group, Inc., 2.000%, 02/15/2020		468,237		0.5
					3,625,393		3.6
			Energy: 0.4%
	130,000		SEACOR Holdings, Inc., 3.000%, 11/15/2028		126,267		0.1
	260,000		Whiting Petroleum Corp., 1.250%, 04/01/2020		246,022		0.3
					372,289		0.4
			Industrial: 0.7%
	68,000	(1)	Air Transport Services Group, Inc., 1.125%, 10/15/2024		68,520		0.1
	182,000		Dycom Industries, Inc., 0.750%, 09/15/2021		231,274		0.2
	332,000	(5)	General Cable Corp., 4.500%, 11/15/2029		351,671		0.4
					651,465		0.7
			Technology: 1.6%
	110,000	(6)	Akamai Technologies, Inc., -3.050%, 02/15/2019		113,022		0.1
	85,000		Citrix Systems, Inc., 0.500%, 04/15/2019		112,106		0.1
	175,000		Microchip Technology, Inc., 1.625%, 02/15/2027		207,764		0.2
	120,000		Nuance Communications, Inc., 1.000%, 12/15/2035		114,420		0.1
	190,000		ON Semiconductor Corp., 1.000%, 12/01/2020		272,114		0.3
	250,000	(1)	ON Semiconductor Corp., 1.625%, 10/15/2023		343,314		0.4
	90,000		Silicon Laboratories, Inc., 1.375%, 03/01/2022		104,400		0.1
	110,000	(1)	Synaptics, Inc., 0.500%, 06/15/2022		104,019		0.1
	205,000		Synchronoss Technologies, Inc., 0.750%, 08/15/2019		194,265		0.2
					1,565,424		1.6
		Total Convertible Bonds/Notes
		(Cost $7,029,419)			7,469,238		7.5
BANK LOANS: 5.0%
			Auto Parts & Equipment: 0.6%
	128,050		American Axle & Manufacturing Holdings, Inc. - Term Loan A, 4.130%, (US0003M + 2.000%), 04/06/2024		128,730		0.1
	99,599		Federal-Mogul Holdings Corporation New Term Loan C, 5.630%, (US0003M + 3.750%), 04/15/2021		100,336		0.1
	367,046		Tower Automotive Holdings Term Loan B1, 4.500%, (US0003M + 2.750%), 03/07/2024		367,963		0.4
					597,029		0.6
			Building Materials: 0.2%
	206,336		Builders FirstSource, Inc., 5.302%, (US0003M + 3.000%), 02/29/2024		207,442		0.2

VY® Pioneer High Yield Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
BANK LOANS: (continued)
			Cable & Satellite Television: 0.3%
	269,328		Virgin Media Bristol LLC 2017 USD Term Loan, 4.277%, (US0003M + 2.500%), 01/15/2026	$	271,011		0.3
			Computers: 0.1%
	122,799		DynCorp International, Inc. Term Loan B2 1L, 7.808%, (US0003M + 600.000%), 07/07/2020		123,567		0.1
			Cosmetics/Personal Care: 0.3%
	386,967		Revlon Consumer Products Corp. TL B 1L, 5.377%, (US0003M + 3.500%), 09/07/2023		308,284		0.3
			Entertainment: 0.3%
	275,000	(2)	Boyne USA Inc. - Bridge Loan, 0.000%, (US0003M + 6.000%), 03/08/2024		275,000		0.3
			Forest Products & Paper: 0.3%
	262,350		Caraustar Industries, Inc. - TL 1L, 7.802%, (US0003M + 5.500%), 03/14/2022		263,662		0.3
			Healthcare - Services: 0.8%
	770,000	(2)	Centene Corp. - Bridge Loan, 0.000%, (US0003M + 3.500%), 10/16/2018		770,000		0.8
			Insurance: 0.4%
	70,676		Alliant Holdings I, Inc. 2015 Term Loan B, 5.127%, (US0003M + 3.250%), 08/12/2022		71,186		0.1
	311,611		Confie Seguros Holding II - TL B 1L, 7.234%, (US0003M + 4.750%), 04/19/2022		311,562		0.3
					382,748		0.4
			Lodging: 0.1%
	59,573		Golden Nugget, Inc. - TL 1L, 5.039%, (US0003M + 3.250%), 10/04/2023		60,150		0.1
			Media: 0.5%
	442,125		McGraw-Hill Global Education Holdings, LLC, 5.877%, (US0003M + 4.000%), 05/04/2022		437,255		0.4
	56,901		Univision Communications Inc. Term Loan C5, 4.627%, (US0003M + 2.750%), 03/15/2024		56,091		0.1
					493,346		0.5
			Metal Fabricate/Hardware: 0.3%
	309,507		Zekelman Industries, Inc. Term Loan B, 4.999%, (US0003M + 3.500%), 06/14/2021		311,558		0.3
			Oil & Gas: 0.3%
	325,000		Gavilan Resources LLC - TL 2L, 7.786%, (US0003M + 6.000%), 03/01/2024		326,148		0.3
			Retail: 0.2%
	220,402		Camping World TL B 1L, 4.702%, (US0003M + 3.750%), 11/23/2023		221,173		0.2
			Retailers (Except Food & Drug): 0.2%
	249,351		Neiman Marcus Group, Inc. - TL 1L, 4.941%, (US0003M + 3.250%), 10/25/2020		216,078		0.2
			Telecommunications: 0.1%
	107,489		West Corp. - TL 1L, 5.877%, (US0003M + 4.000%), 10/10/2024		108,452		0.1
		Total Bank Loans
		(Cost $4,962,772)			4,935,648		5.0

Shares				Value		Percentage of Net Assets
COMMON STOCK: 3.0%
			Consumer Discretionary: 0.5%
	24,014		Ford Motor Co.		266,075		0.3
	1,476	(1),(2),(7)	Perseus Holding Corp.		–		–
	4,139		Starbucks Corp.		239,607		0.2
					505,682		0.5
			Energy: 0.0%
	424,441	(2),(7)	Ascent Resources - Utica LLC		5,093		0.0
	93	(7)	Midstates Petroleum Co., Inc.		1,240		0.0
	30	(7)	SilverBow Resources, Inc.		873		0.0
					7,206		0.0
			Financials: 0.2%
	2,083		Capital One Financial Corp.		199,593		0.2
			Health Care: 1.2%
	2,581		Aetna, Inc.		436,189		0.5
	794		Allergan plc		133,622		0.1
	15,129	(7)	BioScrip, Inc.		37,218		0.0
	1,411		Cigna Corp.		236,681		0.2
	4,917	(7)	Emergent Biosolutions, Inc.		258,880		0.3
	2,206	(7)	Mylan NV		90,821		0.1
					1,193,411		1.2

VY® Pioneer High Yield Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Industrials: 0.1%
	5,836	(2),(7)	Liberty Tire Recycling	$	–		–
	2,062	(7)	United Continental Holdings, Inc.		143,247		0.1
					143,247		0.1
			Information Technology: 0.2%
	7,059	(7)	NCR Corp.		222,500		0.2
			Materials: 0.1%
	1,018		LyondellBasell Industries NV - Class A		107,582		0.1
			Real Estate: 0.7%
	27,816		Forest City Realty Trust, Inc.		563,552		0.6
	5,760	(7)	Uniti Group, Inc.		93,600		0.1
					657,152		0.7
		Total Common Stock
		(Cost $2,416,394)			3,036,373		3.0
PREFERRED STOCK: 1.5%
			Consumer Discretionary: –%
	775	(1),(2),(7)	Perseus Holding Corp.		–		–
			Financials: 1.5%
	470	(7)	Bank of America Corp.		606,042		0.6
	3,542	(7),(8)	GMAC Capital Trust I		92,021		0.1
	602	(7)	Wells Fargo & Co.		776,580		0.8
					1,474,643		1.5
			Health Care: 0.0%
	44	(2),(7)	BioScrip, Inc.		3,960		0.0
		Total Preferred Stock
		(Cost $1,422,347)			1,478,603		1.5
WARRANTS: –%
			Energy: –%
	659	(2),(7)	Midstates Petroleum Co., Inc.		–		–
			Health Care: –%
	126	(2),(7)	BioScrip, Inc. - Class A		–		–
	126	(2),(7)	BioScrip, Inc. - Class B		–		–
					–		–
		Total Warrants
		(Cost $–)			–		–
		Total Long-Term Investments
		(Cost $91,369,784)			91,958,011		92.4

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 6.8%
		U.S. Treasury Bills: 6.5%
	1,500,000	United States Treasury Bill, 0.990%, 04/05/2018		1,499,798		1.5
	1,500,000	United States Treasury Bill, 1.490%, 04/19/2018		1,498,846		1.5
	3,485,000	United States Treasury Bill, 1.760%, 04/26/2018		3,481,306		3.5
				6,479,950		6.5

Shares				Value		Percentage of Net Assets
			Mutual Funds: 0.3%
	304,925	(9)	BlackRock Liquidity Funds, FedFund, Institutional Class, 1.550%
			(Cost $304,925)		304,925		0.3
		Total Short-Term Investments
		(Cost $6,784,562)			6,784,875		6.8
		Total Investments in Securities (Cost $98,154,346)		$	98,742,886		99.2
		Assets in Excess of Other Liabilities			832,950		0.8
		Net Assets		$	99,575,836		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)	For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs.
(3)	Defaulted security
(4)	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.
(5)	Step Bond. Interest rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Rate shown is the rate in effect as of March 31, 2018.
(6)	Represents a zero coupon bond. Rate shown reflects the effective yield as of March 31, 2018.
(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 March 31, 2018.

EUR EU Euro

Reference Rate Abbreviations:
T-BILL 3MO	3-month U.S. Treasury Bill
US0003M	3-month LIBOR

VY® Pioneer High Yield Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Common Stock
Consumer Discretionary	$	505,682	$	–	$	–	$	505,682
Energy		2,113		–		5,093		7,206
Financials		199,593		–		–		199,593
Health Care		1,193,411		–		–		1,193,411
Industrials		143,247		–		–		143,247
Information Technology		222,500		–		–		222,500
Materials		107,582		–		–		107,582
Real Estate		657,152		–		–		657,152
Total Common Stock		3,031,280		–		5,093		3,036,373
Preferred Stock		1,474,643		–		3,960		1,478,603
Warrants		–		–		–		–
Corporate Bonds/Notes		–		75,038,149		–		75,038,149
Bank Loans		–		3,890,648		1,045,000		4,935,648
Foreign Government Bonds		–		–		–		–
Convertible Bonds/Notes		–		7,469,238		–		7,469,238
Short-Term Investments		304,925		6,479,950		–		6,784,875
Total Investments, at fair value	$	4,810,848	$	92,877,985	$	1,054,053	$	98,742,886
Other Financial Instruments+
Centrally Cleared Swaps		–		1,768		–		1,768
Futures		123,927		–		–		123,927
Total Assets	$	4,934,775	$	92,879,753	$	1,054,053	$	98,868,581

+ Other Financial Instruments may include open forward foreign currency contracts, futures, centrally cleared swaps, OTC swaps and written options. Forward foreign currency contracts, futures and centrally cleared swaps are valued at the unrealized gain (loss) on the instrument.  OTC swaps and written options are valued at the fair value of the instrument.

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 March 31, 2018.

Investments, at fair value	Fair Value at March 31, 2018		Valuation Technique(s)	Unobservable Inputs	Range		Impact to Valuation from an Increase in Input*
Bank Loans
Boyne USA Inc. - Bridge Loan	$	275,000	Market approach	Transaction Price	$	100.00	Increase
Centene Corp. - Bridge Loan		770,000	Market approach	Transaction Price	$	100.00	Increase
Total Bank Loans	$	1,045,000
Common Stock
Ascent Resources - Utica LLC	$	5,093	Enterprise Value	Enterprise Value to Sales Multiple	$	0.012	Increase
Total Common Stock	$	5,093
Preferred Stock
BioScrip, Inc.	$	3,960	Model price	Proprietary Data Used In Model	$	90.00	Increase
Total Preferred Stock	$	3,960

* Represents the directional change in the fair value of the Level 3 investment(s) that would result from an increase in the corresponding input. A decrease in the unobservable input would have the opposite effect. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements.

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 March 31, 2018:

	Beginning Balance						Accrued Discounts/		Total Realized		Net Change in Unrealized Appreciation/			Transfers Into		Transfers Out of		Ending Balance
	12/31/2017		Purchases		Sales		(Premiums)		Gain/(Loss)		(Depreciation)*			Level 3		Level 3		3/31/2018
Asset Table
Investments, at fair value
Bank Loans	$	-	$	1,045,000	$	-	$	-	$	-		-		$	-	$	-	$	1,045,000
Common Stock		5,093		-		-		-		-		-			-		-		5,093
Preferred Stock		4,308		-		-		-		-		(348	)		-		-		3,960
Total Investments, at value	$	9,401	$	1,045,000	$	-	$	-	$	-	$	(348	)	$	-	$	-	$	1,054,053

* As of March 31, 2018, total change in unrealized gain (loss) on Level 3 securities still held at period end and included in the change in net assets was $(348).

At March 31, 2018, 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	(17)	06/15/18	$	(2,246,550	)	$	123,927
			$	(2,246,550	)	$	123,927

At March 31, 2018, 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 Financing Rate (%)(2)	Termination Date	Notional Amount(3)		Fair Value(4)		Unrealized Appreciation/ (Depreciation)
CDX North American High Yield Index, Series 23, Version 6	Sell	0.000	12/20/19	USD	1,078,963	$	48,829	$	591
CDX North American High Yield Index, Series 25, Version 4	Sell	0.000	12/20/20	USD	2,003,050		112,257		1,177
						$	161,086	$	1,768

(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)	Payments received quarterly.
(3)	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.

VY® Pioneer High Yield Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

(4) 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 March 31, 2018 was as follows:

Derivatives not accounted for as hedging instruments		Fair Value
Asset Derivatives	Instrument Type
Credit contracts	Credit default swaps	$	1,768
Equity contracts	Futures contracts		123,927
Total Asset Derivatives		$	125,695

At March 31, 2018, 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 $98,606,729.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	3,508,100
Gross Unrealized Depreciation		(3,086,931	)
Net Unrealized Appreciation	$	421,169

VY® T. Rowe Price Diversified Mid Cap
Growth Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 98.8%
			Consumer Discretionary: 15.6%
	32,194	(1),(2)	Altice USA, Inc.	$	594,945		0.1
	60,700		Aramark		2,401,292		0.2
	2,600	(2)	Autozone, Inc.		1,686,594		0.2
	42,000		BorgWarner, Inc.		2,109,660		0.2
	20,900	(2)	Bright Horizons Family Solutions, Inc.		2,084,148		0.2
	45,000	(2)	Burlington Stores, Inc.		5,991,750		0.6
	64,500	(2)	Carmax, Inc.		3,995,130		0.4
	15,400		Carter's, Inc.		1,603,140		0.2
	27,400		Choice Hotels International, Inc.		2,196,110		0.2
	57,000	(2)	Ctrip.com International Ltd. ADR		2,657,340		0.3
	85,000		Delphi Automotive PLC		7,222,450		0.7
	97,000		Dollar General Corp.		9,074,350		0.9
	73,300	(2)	Dollar Tree, Inc.		6,956,170		0.7
	19,500		Domino's Pizza, Inc.		4,554,420		0.4
	87,400	(1)	Dunkin' Brands Group, Inc.		5,216,906		0.5
	98,900		Extended Stay America, Inc.		1,955,253		0.2
	18,700		Ferrari NV		2,253,724		0.2
	28,000	(2)	Five Below, Inc.		2,053,520		0.2
	17,200	(2)	Grand Canyon Education, Inc.		1,804,624		0.2
	53,233		Hilton Worldwide Holdings, Inc.		4,192,631		0.4
	68,300		Interpublic Group of Cos., Inc.		1,572,949		0.2
	28,400		L Brands, Inc.		1,085,164		0.1
	27,600	(2)	Lululemon Athletica, Inc.		2,459,712		0.2
	109,700		MGM Resorts International		3,841,694		0.4
	48,500	(2)	Michaels Cos, Inc.		955,935		0.1
	22,700	(2)	Mohawk Industries, Inc.		5,271,394		0.5
	52,800		Newell Brands, Inc.		1,345,344		0.1
	33,100	(2)	Norwegian Cruise Line Holdings Ltd.		1,753,307		0.2
	1,360	(2)	NVR, Inc.		3,808,000		0.4
	41,100		Omnicom Group		2,986,737		0.3
	25,400	(2)	O'Reilly Automotive, Inc.		6,283,452		0.6
	25,900	(1)	Papa John's International, Inc.		1,484,070		0.1
	6,600		Polaris Industries, Inc.		755,832		0.1
	14,100		PVH Corp.		2,135,163		0.2
	51,100		Restaurant Brands International, Inc.		2,908,612		0.3
	130,000		Ross Stores, Inc.		10,137,400		1.0
	23,600		Royal Caribbean Cruises Ltd.		2,778,664		0.3
	116,500		Service Corp. International		4,396,710		0.4
	26,300	(2)	Sotheby's		1,349,453		0.1
	104,900		Tapestry, Inc.		5,518,789		0.5
	32,500		Tiffany & Co.		3,173,950		0.3
	60,400		Toll Brothers, Inc.		2,612,300		0.3
	28,300		Tractor Supply Co.		1,783,466		0.2
	19,300	(2)	Ulta Beauty, Inc.		3,942,411		0.4
	15,020	(2)	Wayfair, Inc.		1,014,301		0.1
	8,200		Whirlpool Corp.		1,255,502		0.1
	29,100	(1)	Williams-Sonoma, Inc.		1,535,316		0.2
	16,100		Wynn Resorts Ltd.		2,935,996		0.3
	53,500		Yum China Holdings, Inc.		2,220,250		0.2
	47,500		Yum! Brands, Inc.		4,043,675		0.4
					157,949,705		15.6
			Consumer Staples: 5.2%
	80,875		Brown-Forman Corp. - Class B		4,399,600		0.4
	19,600		Casey's General Stores, Inc.		2,151,492		0.2
	112,600		Church & Dwight Co., Inc.		5,670,536		0.6
	40,400		Clorox Co.		5,377,644		0.5
	57,600		Conagra Brands, Inc.		2,124,288		0.2
	58,000		Dr Pepper Snapple Group, Inc.		6,866,040		0.7
	25,400		Energizer Holdings, Inc.		1,513,332		0.1
	56,900		Hershey Co.		5,630,824		0.6
	74,300	(1)	Hormel Foods Corp.		2,549,976		0.3
	52,800		McCormick & Co., Inc.		5,617,392		0.6
	61,400		Pinnacle Foods, Inc.		3,321,740		0.3
	10,700		Pricesmart, Inc.		893,985		0.1
	55,800	(2)	Sprouts Farmers Market, Inc.		1,309,626		0.1
	64,300		Tyson Foods, Inc.		4,706,117		0.5
					52,132,592		5.2
			Energy: 1.7%
	19,600		Andeavor		1,970,976		0.2
	75,100		Cabot Oil & Gas Corp.		1,800,898		0.2
	14,800	(2)	Centennial Resource Development, Inc.		271,580		0.0
	39,637	(2)	Centennial Resource Development, Inc.		727,339		0.1
	56,000	(2)	Centennial Resource Development, Inc./DE		1,027,600		0.1
	7,500		Cimarex Energy Co.		701,250		0.1
	13,200	(2)	Concho Resources, Inc./Midland TX		1,984,356		0.2
	15,800	(2)	Diamondback Energy, Inc.		1,999,016		0.2
	156,870	(1),(2)	Jagged Peak Energy, Inc.		2,216,573		0.2
	36,000		Oceaneering International, Inc.		667,440		0.0
	41,100	(2)	RSP Permian, Inc.		1,926,768		0.2
	44	(2),(3),(4)	Venture Global LNG, Inc., - Series B		132,880		0.0
	560	(2),(3),(4)	Venture Global LNG, Inc., - Series C		1,691,200		0.2
					17,117,876		1.7
			Financials: 8.4%
	23,100		Assurant, Inc.		2,111,571		0.2
	34,400		Axis Capital Holdings Ltd.		1,980,408		0.2
	58,800		BankUnited, Inc.		2,350,824		0.2
	50,833		Cboe Global Markets, Inc.		5,800,045		0.6

VY® T. Rowe Price Diversified Mid Cap
Growth Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Financials: (continued)
	46,000		Citizens Financial Group, Inc.	$	1,931,080		0.2
	23,100		Discover Financial Services		1,661,583		0.2
	48,400	(2)	E*Trade Financial Corp.		2,681,844		0.3
	9,800		Factset Research Systems, Inc.		1,954,316		0.2
	92,700		Fifth Third Bancorp		2,943,225		0.3
	28,900		Financial Engines, Inc.		1,011,500		0.1
	70,700		First Republic Bank		6,547,527		0.7
	112,400		FNF Group		4,498,248		0.4
	36,100		Invesco Ltd.		1,155,561		0.1
	67,800		Lazard Ltd.		3,563,568		0.4
	10,500		MarketAxess Holdings, Inc.		2,283,120		0.2
	36,700		Moody's Corp.		5,919,710		0.6
	22,100		MSCI, Inc. - Class A		3,303,287		0.3
	26,400		Nasdaq, Inc.		2,276,208		0.2
	14,000		Northern Trust Corp.		1,443,820		0.1
	147,600		Progressive Corp.		8,993,268		0.9
	15,600	(2)	Signature Bank		2,214,420		0.2
	8,200		State Street Corp.		817,786		0.1
	15,900	(2)	SVB Financial Group		3,816,159		0.4
	73,700		TD Ameritrade Holding Corp.		4,365,251		0.4
	69,530		Webster Financial Corp.		3,851,962		0.4
	33,400		Willis Towers Watson PLC		5,083,146		0.5
					84,559,437		8.4
			Health Care: 13.4%
	65,199	(2)	Acadia Healthcare Co., Inc.		2,554,497		0.3
	91,000	(1),(2)	Acadia Pharmaceuticals, Inc.		2,044,770		0.2
	61,900		Agilent Technologies, Inc.		4,141,110		0.4
	12,800	(2)	Agios Pharmaceuticals, Inc.		1,046,784		0.1
	13,200	(2)	Alexion Pharmaceuticals, Inc.		1,471,272		0.1
	13,800	(2)	Align Technology, Inc.		3,465,594		0.3
	58,500	(2)	Alkermes PLC		3,390,660		0.3
	34,500	(2)	Alnylam Pharmaceuticals, Inc.		4,108,950		0.4
	22,200		AmerisourceBergen Corp.		1,913,862		0.2
	6,100	(2)	Athenahealth, Inc.		872,483		0.1
	63,700	(1),(2)	BioMarin Pharmaceutical, Inc.		5,164,159		0.5
	11,900	(2)	Bluebird Bio, Inc.		2,031,925		0.2
	8,400	(2)	Blueprint Medicines Corp.		770,280		0.1
	57,700		Bruker Corp.		1,726,384		0.2
	51,584	(2)	Catalent, Inc.		2,118,039		0.2
	48,700	(2)	Centene Corp.		5,204,569		0.5
	42,412	(2)	Cerner Corp.		2,459,896		0.2
	33,200		Cooper Cos., Inc.		7,596,492		0.8
	27,800	(2)	DaVita, Inc.		1,833,132		0.2
	26,250		Dentsply Sirona, Inc.		1,320,637		0.1
	118,900	(2)	Exelixis, Inc.		2,633,635		0.3
	20,200	(2)	FibroGen, Inc.		933,240		0.1
	49,000	(2)	Henry Schein, Inc.		3,293,290		0.3
	147,600	(2)	Hologic, Inc.		5,514,336		0.5
	29,300	(2)	IDEXX Laboratories, Inc.		5,607,727		0.6
	25,800	(2)	Illumina, Inc.		6,099,636		0.6
	60,200	(2)	Incyte Corp., Ltd.		5,016,466		0.5
	24,600	(2)	IQVIA Holdings, Inc.		2,413,506		0.2
	126,500	(1),(2)	Ironwood Pharmaceuticals, Inc.		1,951,895		0.2
	13,000	(2)	Jazz Pharmaceuticals PLC		1,962,870		0.2
	22,600	(2)	Medidata Solutions, Inc.		1,419,506		0.1
	7,900	(2)	Mettler Toledo International, Inc.		4,542,737		0.4
	28,600	(2)	Molina Healthcare, Inc.		2,321,748		0.2
	25,700	(2)	Nektar Therapeutics		2,730,882		0.3
	46,779	(2)	Neurocrine Biosciences, Inc.		3,879,382		0.4
	11,342	(2)	Sage Therapeutics, Inc.		1,826,856		0.2
	14,300	(2)	Sarepta Therapeutics, Inc.		1,059,487		0.1
	41,527	(2)	Seattle Genetics, Inc.		2,173,523		0.2
	19,100		STERIS PLC		1,783,176		0.2
	16,000		Teleflex, Inc.		4,079,680		0.4
	17,070	(1),(2)	Tesaro, Inc.		975,380		0.1
	11,100	(2)	Ultragenyx Pharmaceutical, Inc.		565,989		0.1
	18,000		Universal Health Services, Inc.		2,131,380		0.2
	50,200	(2)	Veeva Systems, Inc.		3,665,604		0.4
	14,900	(2)	WellCare Health Plans, Inc.		2,885,087		0.3
	17,500		West Pharmaceutical Services, Inc.		1,545,075		0.2
	79,950		Zoetis, Inc.		6,676,625		0.7
					134,924,213		13.4
			Industrials: 19.5%
	17,100		Acuity Brands, Inc.		2,380,149		0.2
	140,700	(1)	ADT, Inc.		1,115,751		0.1
	53,100		Alaska Air Group, Inc.		3,290,076		0.3
	50,300		Allegion Public Ltd.		4,290,087		0.4
	87,000		American Airlines Group, Inc.		4,520,520		0.4
	28,762		Ametek, Inc.		2,185,049		0.2
	66,400		AO Smith Corp.		4,222,376		0.4
	34,400		BWX Technologies, Inc.		2,185,432		0.2
	30,100		CH Robinson Worldwide, Inc.		2,820,671		0.3
	26,800		Cintas Corp.		4,571,544		0.5
	13,800		Copa Holdings S.A.- Class A		1,775,094		0.2
	92,400	(2)	Copart, Inc.		4,705,932		0.5
	17,500	(2)	CoStar Group, Inc.		6,346,900		0.6
	47,800		Donaldson Co., Inc.		2,153,390		0.2
	42,087		Equifax, Inc.		4,958,270		0.5
	30,200		Expeditors International Washington, Inc.		1,911,660		0.2
	15,800		Fastenal Co.		862,522		0.1
	29,300		Flowserve Corp.		1,269,569		0.1
	63,400		Fortive Corp.		4,914,768		0.5

VY® T. Rowe Price Diversified Mid Cap
Growth Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Industrials: (continued)
	76,975		Fortune Brands Home & Security, Inc.	$	4,533,058		0.4
	36,700	(2)	Generac Holdings, Inc.		1,684,897		0.2
	21,100	(2)	Genesee & Wyoming, Inc.		1,493,669		0.1
	70,800		Graco, Inc.		3,236,976		0.3
	50,800		Harris Corp.		8,193,024		0.8
	111,600	(2)	HD Supply Holdings, Inc.		4,234,104		0.4
	28,800		Hubbell, Inc.		3,507,264		0.3
	14,000		Huntington Ingalls Industries, Inc.		3,608,640		0.4
	21,400		IDEX Corp.		3,049,714		0.3
	83,153	(2)	IHS Markit Ltd.		4,011,301		0.4
	21,600		JB Hunt Transport Services, Inc.		2,530,440		0.2
	31,600		Kansas City Southern		3,471,260		0.3
	90,500		KAR Auction Services, Inc.		4,905,100		0.5
	12,700	(2)	Kirby Corp.		977,265		0.1
	16,600		L3 Technologies, Inc.		3,452,800		0.3
	11,300		Landstar System, Inc.		1,239,045		0.1
	18,300		Manpowergroup, Inc.		2,106,330		0.2
	22,500	(2)	Middleby Corp.		2,785,275		0.3
	126,400		Nielsen Holdings PLC		4,018,256		0.4
	21,700		Nordson Corp.		2,958,578		0.3
	18,000		Old Dominion Freight Line		2,645,460		0.3
	28,300		Paccar, Inc.		1,872,611		0.2
	44,100	(1)	Ritchie Bros Auctioneers, Inc.		1,387,827		0.1
	30,700		Robert Half International, Inc.		1,777,223		0.2
	22,400		Rockwell Automation, Inc.		3,902,080		0.4
	70,010		Rollins, Inc.		3,572,610		0.4
	15,000		Roper Technologies, Inc.		4,210,350		0.4
	60,024		Schneider National, Inc.		1,564,225		0.2
	71,100	(1),(2)	Sensata Technologies Holding PLC		3,685,113		0.4
	21,600		Snap-On, Inc.		3,186,864		0.3
	23,300	(2)	Stericycle, Inc.		1,363,749		0.1
	48,300		Textron, Inc.		2,848,251		0.3
	40,700		Toro Co.		2,541,715		0.3
	17,200		TransDigm Group, Inc.		5,279,368		0.5
	80,300	(2)	TransUnion		4,559,434		0.5
	57,341	(2)	United Continental Holdings, Inc.		3,983,479		0.4
	16,000		Valmont Industries, Inc.		2,340,800		0.2
	56,500	(2)	Verisk Analytics, Inc.		5,876,000		0.6
	12,100	(2)	WABCO Holdings, Inc.		1,619,827		0.2
	34,000		Wabtec Corp.		2,767,600		0.3
	70,050		Waste Connections, Inc.		5,025,387		0.5
	12,700		Watsco, Inc.		2,298,319		0.2
	33,100		Xylem, Inc.		2,546,052		0.3
					197,331,100		19.5
			Information Technology: 27.0%
	10,000	(2)	2U, Inc.		833,160		0.1
	86,000		Amphenol Corp.		7,407,180		0.7
	11,100	(2)	ANSYS, Inc.		1,739,259		0.2
	131,079	(2)	Atlassian Corp. PLC		7,067,780		0.7
	40,200	(2)	Autodesk, Inc.		5,048,316		0.5
	107,570	(2)	Black Knight, Inc.		5,066,547		0.5
	160,700		Booz Allen Hamilton Holding Corp.		6,222,304		0.6
	77,900	(2)	Cadence Design Systems, Inc.		2,864,383		0.3
	75,200		CDK Global, Inc.		4,763,168		0.5
	40,000		Cognex Corp.		2,079,600		0.2
	20,120	(2)	Coherent, Inc.		3,770,488		0.4
	79,700	(2)	CoreLogic, Inc.		3,604,831		0.4
	131,300		Corning, Inc.		3,660,644		0.4
	9,923	(1),(2)	Dropbox, Inc.		310,094		0.0
	124,923	(2)	Dropbox, Inc., Class A Lockup		3,708,663		0.4
	12,997	(2)	Dropbox, Inc., Class B Lockup		385,839		0.0
	34,500	(2)	Electronic Arts, Inc.		4,182,780		0.4
	18,600	(2)	Ellie Mae, Inc.		1,710,084		0.2
	95,400		Entegris, Inc.		3,319,920		0.3
	16,500	(2)	EPAM Systems, Inc.		1,889,580		0.2
	87,800		Fidelity National Information Services, Inc.		8,455,140		0.8
	126,400	(2)	Fiserv, Inc.		9,013,584		0.9
	26,800	(2)	FleetCor Technologies, Inc.		5,427,000		0.5
	38,500	(2)	Fortinet, Inc.		2,062,830		0.2
	45,600	(2)	Gartner, Inc.		5,363,472		0.5
	53,100		Genpact Ltd.		1,698,669		0.2
	69,700		Global Payments, Inc.		7,772,944		0.8
	58,700	(2)	Guidewire Software, Inc.		4,744,721		0.5
	24,500	(2)	IAC/InterActiveCorp		3,831,310		0.4
	46,100	(2)	Integrated Device Technology, Inc.		1,408,816		0.1
	11,000	(2)	IPG Photonics Corp.		2,567,180		0.3
	101,850	(2)	Keysight Technologies, Inc.		5,335,921		0.5
	50,900		KLA-Tencor Corp.		5,548,609		0.5
	60,300		Leidos Holdings, Inc.		3,943,620		0.4
	255,948		Marvell Technology Group Ltd.		5,374,908		0.5
	73,200	(1),(2)	Match Group, Inc.		3,253,008		0.3
	128,400		Maxim Integrated Products		7,732,248		0.8
	5,100		Mercadolibre, Inc.		1,817,589		0.2
	98,600		Microchip Technology, Inc.		9,008,096		0.9
	13,200		Monolithic Power Systems, Inc.		1,528,164		0.1
	22,100		Motorola Solutions, Inc.		2,327,130		0.2
	24,600	(2)	Palo Alto Networks, Inc.		4,465,392		0.4
	32,100		Paychex, Inc.		1,977,039		0.2
	25,900	(2)	Proofpoint, Inc.		2,943,535		0.3
	49,800	(2)	Red Hat, Inc.		7,445,598		0.7
	127,900		Sabre Corp.		2,743,455		0.3
	47,600	(2)	ServiceNow, Inc.		7,875,420		0.8
	11,100	(2)	Shopify, Inc.		1,382,949		0.1
	84,100		Skyworks Solutions, Inc.		8,431,866		0.8
	45,900	(2)	Splunk, Inc.		4,516,101		0.4
	104,500		SS&C Technologies Holdings, Inc.		5,605,380		0.6

VY® T. Rowe Price Diversified Mid Cap
Growth Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Information Technology: (continued)
	239,000		Symantec Corp.	$	6,178,150		0.6
	51,700	(2)	Synopsys, Inc.		4,303,508		0.4
	45,819	(2)	Tableau Software, Inc.		3,703,092		0.4
	43,100	(2)	Trimble, Inc.		1,546,428		0.2
	16,700	(2)	Tyler Technologies, Inc.		3,523,032		0.3
	19,200	(2)	Ultimate Software Group, Inc.		4,679,040		0.5
	41,600	(1),(2)	VeriSign, Inc.		4,932,096		0.5
	20,999	(2)	WEX, Inc.		3,288,863		0.3
	42,947	(2)	Workday, Inc.		5,458,993		0.5
	109,500	(2)	Worldpay, Inc.		9,005,280		0.9
	79,000		Xilinx, Inc.		5,706,960		0.6
	32,400	(2)	Zendesk, Inc.		1,550,988		0.2
	49,700	(2)	Zillow Group, Inc. - Class A		2,683,800		0.3
	236,500	(2)	Zynga, Inc.		865,590		0.1
					272,662,134		27.0
			Materials: 4.3%
	18,500		Air Products & Chemicals, Inc.		2,942,055		0.3
	88,400	(2)	Axalta Coating Systems Ltd.		2,668,796		0.3
	174,800		Ball Corp.		6,941,308		0.7
	25,100		Celanese Corp.		2,515,271		0.3
	47,800		CF Industries Holdings, Inc.		1,803,494		0.2
	24,100		Eagle Materials, Inc.		2,483,505		0.2
	33,400		PolyOne Corp.		1,420,168		0.1
	26,100		PPG Industries, Inc.		2,912,760		0.3
	72,700		RPM International, Inc.		3,465,609		0.3
	87,700		Sealed Air Corp.		3,752,683		0.4
	143,729		Valvoline, Inc.		3,180,723		0.3
	64,900		Vulcan Materials Co.		7,409,633		0.7
	76,600		Wheaton Precious Metals Corp.		1,560,342		0.2
					43,056,347		4.3
			Real Estate: 2.6%
	50,795		American Campus Communities, Inc.		1,961,703		0.2
	55,900		CubeSmart		1,576,380		0.2
	4,115		Equinix, Inc.		1,720,646		0.2
	10,300		Federal Realty Investment Trust		1,195,933		0.1
	67,800		Iron Mountain, Inc.		2,227,908		0.2
	14,000		Jones Lang LaSalle, Inc.		2,444,960		0.2
	86,900		MGM Growth Properties LLC		2,306,326		0.2
	47,350	(2)	SBA Communications Corp.		8,093,062		0.8
	20,200		SL Green Realty Corp.		1,955,966		0.2
	220,615		VEREIT, Inc.		1,535,480		0.2
	18,276	(2),(3),(4)	WeWork Companies, Inc., - Class A		837,955		0.1
					25,856,319		2.6
			Telecommunication Services: 0.2%
	65,600	(2)	Zayo Group Holdings, Inc.		2,240,896		0.2
			Utilities: 0.9%
	38,526		American Water Works Co., Inc.		3,164,140		0.3
	43,700		Atmos Energy Corp.		3,681,288		0.4
	79,600		NiSource, Inc.		1,903,236		0.2
					8,748,664		0.9
		Total Common Stock
		(Cost $708,058,150)			996,579,283		98.8
PREFERRED STOCK: 1.2%
			Consumer Discretionary: 0.1%
	7,415	(2),(3),(4)	Flipkart Online Services Pvt. Ltd., - Series G		877,739		0.1
			Information Technology: 0.6%
	32,391	(2),(3),(4)	AirBNB, Inc. - Series D		3,791,366		0.4
	3,719	(2),(3),(4)	AirBNB, Inc. - Series E		435,309		0.0
	353,970	(2),(3),(4)	Tanium, Inc.- Series G		1,844,184		0.2
					6,070,859		0.6
			Real Estate: 0.5%
	44,396	(2),(3),(4)	WeWork Companies, Inc. - Series D-1		2,035,556		0.2
	34,882	(2),(3),(4)	WeWork Companies, Inc. - Series D-2		1,599,340		0.2
	24,709	(2),(3),(4)	WeWork Companies, Inc. - Series E		1,132,908		0.1
					4,767,804		0.5
		Total Preferred Stock
		(Cost $6,442,927)			11,716,402		1.2
		Total Long-Term Investments
		(Cost $714,501,077)			1,008,295,685		100.0
Principal Amount†					Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 3.1%
			Securities Lending Collateral(5): 2.9%
	1,486,262		Bank of Nova Scotia, Repurchase Agreement dated 03/29/18, 1.77%, due 04/02/18 (Repurchase Amount $1,486,550, collateralized by various U.S. Government Securities, 0.000%-4.500%, Market Value plus accrued interest $1,516,062, due 04/19/18-09/09/49)		1,486,262		0.1

VY® T. Rowe Price Diversified Mid Cap
Growth Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†				Value			Percentage of Net Assets
SHORT-TERM INVESTMENTS: (Continued)
			Securities Lending Collateral(5) (continued)
	7,065,778		Cantor Fitzgerald Securities, Repurchase Agreement dated 03/29/18, 1.80%, due 04/02/18 (Repurchase Amount $7,067,172, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-9.500%, Market Value plus accrued interest $7,207,094, due 03/31/18-02/20/68)	$	7,065,778			0.7
	7,065,778		Jefferies LLC, Repurchase Agreement dated 03/29/18, 1.82%, due 04/02/18 (Repurchase Amount $7,067,187, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-6.250%, Market Value plus accrued interest $7,207,126, due 04/17/18-07/15/32)		7,065,778			0.7
	7,065,778		Nomura Securities, Repurchase Agreement dated 03/29/18, 1.82%, due 04/02/18 (Repurchase Amount $7,067,187, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-7.500%, Market Value plus accrued interest $7,207,094, due 04/02/18-02/20/68)		7,065,778			0.7
	7,065,800		State of Wisconsin Investment Board, Repurchase Agreement dated 03/29/18, 2.10%, due 04/02/18 (Repurchase Amount $7,067,426, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $7,232,393, due 04/15/19-02/15/47)		7,065,800			0.7
					29,749,396			2.9
Shares					Value			Percentage of Net Assets
			Mutual Funds: 0.2%
	1,869,738	(6)	T. Rowe Price Reserve Investment Fund, 1.660%
			(Cost $1,869,738)		1,869,738			0.2
			Total Short-Term Investments
			(Cost $31,619,134)		31,619,134			3.1
			Total Investments in Securities (Cost $746,120,211)	$	1,039,914,819			103.1
			Liabilities in Excess of Other Assets		(31,030,291	)		(3.1)
			Net Assets	$	1,008,884,528			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)	For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs.
(4)	Restricted security as to resale, excluding 144A securities. As of March 31, 2018, the Portfolio held restricted securities with a fair value of $14,378,437 or 1.43% of net assets. Please refer to the table below for additional details.
(5)	Represents securities purchased with cash collateral received for securities on loan.
(6)	Rate shown is the 7-day yield as of March 31, 2018.

VY® T. Rowe Price Diversified Mid Cap
Growth Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs# (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Common Stock
Consumer Discretionary	$	157,949,705	$	–	$	–	$	157,949,705
Consumer Staples		52,132,592		–		–		52,132,592
Energy		15,293,796		–		1,824,080		17,117,876
Financials		84,559,437		–		–		84,559,437
Health Care		134,924,213		–		–		134,924,213
Industrials		197,331,100		–		–		197,331,100
Information Technology		268,567,632		4,094,502		–		272,662,134
Materials		43,056,347		–		–		43,056,347
Real Estate		25,018,364		–		837,955		25,856,319
Telecommunication Services		2,240,896		–		–		2,240,896
Utilities		8,748,664		–		–		8,748,664
Total Common Stock		989,822,746		4,094,502		2,662,035		996,579,283
Preferred Stock		–		–		11,716,402		11,716,402
Short-Term Investments		1,869,738		29,749,396		–		31,619,134
Total Investments, at fair value	$	991,692,484	$	33,843,898	$	14,378,437	$	1,039,914,819

# 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 March 31, 2018:

Investments, at fair value	Fair Value at March 31, 2018		Valuation Technique(s)	Unobservable Inputs	Range		Impact to Valuation from an Increase in Input**
Common Stock
Venture Global LNG, Inc., Series B	$	132,880
Venture Global LNG, Inc., Series C		1,691,200	Recent Comparable Transaction Price	Transaction price		-	n/a
WeWork Companies, Inc., Class A		837,955	Recent Comparable Transaction Price	Discount Factor*		-	n/a
Total Common Stock	$	2,662,035
Preferred Stock
AirBNB, Inc. - Series D	$	3,791,366	Recent Comparable Transaction Price/Market Comparable	Discount Factor*		-	n/a
				Enterprise Value to Sales Multiple		5.3x	Increase
				Discount for Lack of Marketability		10%	Decrease
				Enterprise Value to Gross Profit		7.3x	Increase
				Sales Growth Rate		40%	Increase
				Gross Profit Growth Rate		40%	Increase
AirBNB, Inc. - Series E		435,309	Recent Comparable Transaction Price/Market Comparable	Discount Factor*		-	n/a
				Enterprise Value to Sales Multiple		5.3x	Increase
				Discount for Lack of Marketability		10%	Decrease
				Enterprise Value to Gross Profit		7.3x	Increase
				Sales Growth Rate		40%	Increase
				Gross Profit Growth Rate		40%	Increase
Flipkart Online Services Pvt. Ltd., - Series G		877,739	Recent Comparable Transaction Price	Discount Factor*		-	n/a
Tanium, Inc.- Series G		1,844,184	Recent Comparable Transaction Price/Market Comparable	Discount Factor*		-	n/a
				Billings Growth Rate		47%-53%	Increase
				Gross Profit Growth Rate		88%	Increase
				Enterprise Value to Billings Multiple		5.1x-5.7x	Increase
				Enterprise Value to Gross Profit		7.7x	Increase
				Discount for Lack of Marketability		10%	Decrease
WeWork Companies, Inc. - Series D-1		2,035,556	Recent Comparable Transaction Price	Discount Factor*		-	n/a
WeWork Companies, Inc. - Series D-2		1,599,340	Recent Comparable Transaction Price	Discount Factor*		-	n/a
WeWork Companies, Inc. - Series E		1,132,908	Recent Comparable Transaction Price	Discount Factor*		-	n/a
Total Preferred Stock	$	11,716,402

* No quantitative unobservable inputs were significant to the fair valuation determination at March 31, 2018.

** Represents the directional change in the fair value of the Level 3 investment(s) that would result from an increase in the corresponding input. A decrease in the unobservable input would have the opposite effect. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements.

VY® T. Rowe Price Diversified Mid Cap
Growth Portfolio PORTFOLIO OF INVESTMENTS as of March 31, 2018 (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 year ended March 31, 2018:

	Beginning Balance							Accrued Discounts/		Total Realized			Net Change in Unrealized Appreciation/			Transfers Into		Transfers Out of		Ending Balance
	12/31/2017		Purchases		Sales			(Premiums)		Gain/(Loss)			(Depreciation)*			Level 3		Level 3		3/31/2018
Asset Table
Investments, at fair value
Common Stock	$	3,556,700	$	244,620	$	(1,021,735	)	$	-	$	275,223		$	(392,773	)	$	-	$	-	$	2,662,035
Preferred Stock		13,201,310		-		(1,295,198	)		-		(380,855	)		191,145			-		-		11,716,402
Total Investments, at value	$	16,758,010	$	244,620	$	(2,316,933	)	$	-	$	(105,632	)	$	(201,628	)	$	-	$	-	$	14,378,437

* As of March 31, 2018, total change in unrealized gain (loss) on Level 3 securities still held at period end and included in the change in net assets was $(201,628).

At March 31, 2018, 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 $749,907,127.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	309,818,901
Gross Unrealized Depreciation		(19,811,209	)
Net Unrealized Appreciation	$	290,007,692

VY® T. Rowe Price Growth Equity Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 97.9%
			Consumer Discretionary: 20.9%
	83,214	(1)	Amazon.com, Inc.	$	120,438,951		6.9
	39,659	(1)	Booking Holdings, Inc.		82,506,187		4.7
	782,962	(1)	Caesars Entertainment Corp.		8,808,322		0.5
	126,100		Delphi Automotive PLC		10,714,717		0.6
	71,100		Dollar General Corp.		6,651,405		0.4
	64,171		Dollarama, Inc.		7,799,042		0.4
	76,471		Ferrari NV		9,216,285		0.5
	2,585	(1),(2),(3)	Flipkart Online Services Pvt. Ltd.		225,137		0.0
	16,600		Home Depot, Inc.		2,958,784		0.2
	31,258		Marriott International, Inc.		4,250,463		0.2
	130,360		MGM Resorts International		4,565,207		0.3
	70,600	(1)	Netflix, Inc.		20,851,710		1.2
	107,600		Nike, Inc.		7,148,944		0.4
	2,000	(1)	NVR, Inc.		5,600,000		0.3
	106,863	(1),(4)	Tesla, Inc.		28,439,450		1.6
	182,600		Walt Disney Co.		18,340,344		1.1
	81,481		Wynn Resorts Ltd.		14,858,875		0.9
	145,600		Yum! Brands, Inc.		12,394,928		0.7
					365,768,751		20.9
			Consumer Staples: 1.6%
	283,955		Philip Morris International, Inc.		28,225,127		1.6
			Financials: 6.5%
	201,200		Charles Schwab Corp.		10,506,664		0.6
	110,800		Chubb Ltd.		15,154,116		0.9
	69,360		First Republic Bank		6,423,430		0.4
	215,200		Intercontinental Exchange, Inc.		15,606,304		0.9
	180,200		JPMorgan Chase & Co.		19,816,594		1.1
	296,700		Morgan Stanley		16,009,932		0.9
	75,500		State Street Corp.		7,529,615		0.4
	394,076		TD Ameritrade Holding Corp.		23,341,121		1.3
					114,387,776		6.5
			Health Care: 13.1%
	156,594	(1)	Alexion Pharmaceuticals, Inc.		17,453,967		1.0
	61,600	(1)	Alnylam Pharmaceuticals, Inc.		7,336,560		0.4
	90,500		Anthem, Inc.		19,882,850		1.2
	152,567		Becton Dickinson & Co.		33,061,269		1.9
	74,389	(1)	Centene Corp.		7,949,953		0.5
	54,881		Cigna Corp.		9,205,739		0.5
	82,900		Danaher Corp.		8,116,739		0.5
	90,600	(1)	Incyte Corp., Ltd.		7,549,698		0.4
	59,700	(1)	Intuitive Surgical, Inc.		24,645,951		1.4
	164,400		Stryker Corp.		26,455,248		1.5
	182,625		UnitedHealth Group, Inc.		39,081,750		2.2
	174,433	(1)	Vertex Pharmaceuticals, Inc.		28,429,090		1.6
					229,168,814		13.1
			Industrials: 10.5%
	87,769		Acuity Brands, Inc.		12,216,567		0.7
	342,944		American Airlines Group, Inc.		17,819,370		1.0
	180,442		Boeing Co.		59,163,323		3.4
	102,128		Equifax, Inc.		12,031,700		0.7
	197,117		Fortive Corp.		15,280,510		0.9
	117,247		Fortune Brands Home & Security, Inc.		6,904,676		0.4
	94,100		Honeywell International, Inc.		13,598,391		0.8
	52,400		Illinois Tool Works, Inc.		8,208,984		0.5
	62,332		Roper Technologies, Inc.		17,495,969		1.0
	235,270	(1)	TransUnion		13,358,630		0.7
	92,969	(4)	Wabtec Corp.		7,567,677		0.4
					183,645,797		10.5
			Information Technology: 40.7%
	146,100		Activision Blizzard, Inc.		9,855,906		0.6
	270,164	(1)	Alibaba Group Holding Ltd. ADR		49,585,901		2.8
	39,250	(1)	Alphabet, Inc. - Class A		40,707,745		2.3
	43,471	(1)	Alphabet, Inc. - Class C		44,852,943		2.6
	199,478		Apple, Inc.		33,468,419		1.9
	57,800		ASML Holding NV-NY REG		11,476,768		0.7
	72,800		Broadcom Ltd.		17,155,320		1.0
	17,434	(1),(4)	Dropbox, Inc.		544,813		0.0
	95,562	(1)	Dropbox, Inc., Class A Lockup		2,836,998		0.1
	159,300	(1)	Electronic Arts, Inc.		19,313,532		1.1
	406,569	(1)	Facebook, Inc.		64,965,661		3.7
	116,600		Fidelity National Information Services, Inc.		11,228,580		0.7
	203,056	(1)	Fiserv, Inc.		14,479,923		0.8
	154,244		Intuit, Inc.		26,738,197		1.5
	229,100		Mastercard, Inc. - Class A		40,129,156		2.3
	869,600		Microsoft Corp.		79,368,392		4.5
	318,614	(1)	PayPal Holdings, Inc.		24,173,244		1.4
	132,000		Qualcomm, Inc.		7,314,120		0.4
	67,871	(1)	Red Hat, Inc.		10,147,393		0.6
	240,464	(1)	Salesforce.com, Inc.		27,965,963		1.6
	87,038	(1)	ServiceNow, Inc.		14,400,437		0.8
	216,500	(1),(4)	Snap, Inc.		3,435,855		0.2
	869,712		Symantec Corp.		22,482,055		1.3
	420,200		Tencent Holdings Ltd.		22,556,155		1.3
	166,450		Texas Instruments, Inc.		17,292,491		1.0
	3,251	(1),(2),(3)	Uber Technologies, Inc. - Class A		111,825		0.0
	408,200		Visa, Inc. - Class A		48,828,884		2.8
	91,067	(1),(4)	VMware, Inc.		11,043,695		0.6
	101,540	(1)	Workday, Inc.		12,906,749		0.7
	221,400	(1)	Worldpay, Inc.		18,207,936		1.0
	97,231		Xilinx, Inc.		7,023,968		0.4
					714,599,024		40.7
			Materials: 0.6%
	155,000		DowDuPont, Inc.		9,875,050		0.6

VY® T. Rowe Price Growth Equity Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Real Estate: 2.1%
	59,500		American Tower Corp.	$	8,647,730		0.5
	253,530		Crown Castle International Corp.		27,789,423		1.6
	1,800	(1),(2),(3)	WeWork Companies, Inc., - Class A		82,530		0.0
					36,519,683		2.1
			Utilities: 1.9%
	108,700		American Water Works Co., Inc.		8,927,531		0.5
	59,700		NextEra Energy, Inc.		9,750,801		0.5
	136,896		Sempra Energy		15,225,573		0.9
					33,903,905		1.9
		Total Common Stock
		(Cost $1,252,292,086)			1,716,093,927		97.9
PREFERRED STOCK: 1.4%
			Consumer Discretionary: 0.2%
	882	(1),(2),(3)	Flipkart Online Services Pvt. Ltd., - Series A		76,816		0.0
	1,559	(1),(2),(3)	Flipkart Online Services Pvt. Ltd., - Series C		135,778		0.0
	2,898	(1),(2),(3)	Flipkart Online Services Pvt. Ltd., - Series E		252,396		0.0
	13,858	(1),(2),(3)	Flipkart Online Services Pvt. Ltd., - Series G		1,640,419		0.1
	11,743	(1),(2),(3)	Flipkart Online Services Pvt. Ltd., - Series H		1,650,985		0.1
					3,756,394		0.2
			Information Technology: 1.1%
	59,241	(1),(2),(3)	AirBNB, Inc. - Series D		6,934,159		0.4
	16,058	(1),(2),(3)	AirBNB, Inc. - Series E		1,879,589		0.1
	93,459	(1),(2),(3)	Magic Leap, Inc., - Series C		2,523,393		0.1
	61,969	(1),(2),(3)	Magic Leap, Inc., Series D		1,673,163		0.1
	464	(1),(2),(3)	Uber Technologies, Inc. - Series A		15,960		0.0
	1,243	(1),(2),(3)	Uber Technologies, Inc. - Series B		42,756		0.0
	329	(1),(2),(3)	Uber Technologies, Inc. - Series C-1		11,317		0.0
	266	(1),(2),(3)	Uber Technologies, Inc. - Series C-2		9,150		0.0
	3	(1),(2),(3)	Uber Technologies, Inc. - Series C-3		103		0.0
	296	(1),(2),(3)	Uber Technologies, Inc. - Series D		10,182		0.0
	142	(1),(2),(3)	Uber Technologies, Inc. - Series E		4,884		0.0
	73,385	(1),(2),(3)	Uber Technologies, Inc. - Series G		2,524,231		0.2
	713	(1),(2),(3)	Uber Technologies, Inc. - Series G-1		24,525		0.0
	1,187	(1),(2),(3)	Uber Technologies, Inc. - Series Seed		40,829		0.0
	68,026	(1),(2),(3)	Xiaoju Kuaizhi, Inc., Series A-17		3,396,987		0.2
					19,091,228		1.1
			Real Estate: 0.1%
	45,554	(1),(2),(3)	WeWork Companies, Inc. - Series E		2,088,651		0.1
		Total Preferred Stock
		(Cost $18,778,633)			24,936,273		1.4

Principal Amount†				Value		Percentage of Net Assets
CONVERTIBLE BONDS/NOTES: 0.2%
			Consumer, Cyclical: 0.2%
	2,259,785		Caesars Entertainment Corp., 5.000%, 10/01/2024		3,950,387		0.2
		Total Convertible Bonds/Notes
		(Cost $4,204,151)			3,950,387		0.2
		Total Long-Term Investments
		(Cost $1,275,274,870)			1,744,980,587		99.5
SHORT-TERM INVESTMENTS: 2.3%
			Securities Lending Collateral(5): 1.9%
	1,674,667		Bank of Nova Scotia, Repurchase Agreement dated 03/29/18, 1.77%, due 04/02/18 (Repurchase Amount $1,674,992, collateralized by various U.S. Government Securities, 0.000%-4.500%, Market Value plus accrued interest $1,708,244, due 04/19/18-09/09/49)		1,674,667		0.1
	7,963,870		Cantor Fitzgerald Securities, Repurchase Agreement dated 03/29/18, 1.80%, due 04/02/18 (Repurchase Amount $7,965,441, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-9.500%, Market Value plus accrued interest $8,123,148, due 03/31/18-02/20/68)		7,963,870		0.5

VY® T. Rowe Price Growth Equity Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: (continued)
		Securities Lending Collateral(5) (continued)
	7,963,870	Daiwa Capital Markets, Repurchase Agreement dated 03/29/18, 1.81%, due 04/02/18 (Repurchase Amount $7,965,450, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-6.500%, Market Value plus accrued interest $8,123,147, due 04/30/18-12/01/51)	$	7,963,870		0.4
	7,963,870	Nomura Securities, Repurchase Agreement dated 03/29/18, 1.82%, due 04/02/18 (Repurchase Amount $7,965,458, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-7.500%, Market Value plus accrued interest $8,123,148, due 04/02/18-02/20/68)		7,963,870		0.4
	7,963,900	State of Wisconsin Investment Board, Repurchase Agreement dated 03/29/18, 2.10%, due 04/02/18 (Repurchase Amount $7,965,733, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $8,151,668, due 04/15/19-02/15/47)		7,963,900		0.5
				33,530,177		1.9

Shares				Value			Percentage of Net Assets
			Mutual Funds: 0.4%
	7,105,261	(6)	T. Rowe Price Reserve Investment Fund, 1.660%
			(Cost $7,105,261)		7,105,261			0.4
		Total Short-Term Investments
		(Cost $40,635,438)			40,635,438			2.3
		Total Investments in Securities (Cost $1,315,910,308)		$	1,785,616,025			101.8
		Liabilities in Excess of Other Assets			(32,164,183	)		(1.8	)
		Net Assets		$	1,753,451,842			100.0

†	Unless otherwise indicated, principal amount is shown in USD.
ADR	American Depositary Receipt
(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)	Restricted security as to resale, excluding 144A securities. As of March 31, 2018, the Portfolio held restricted securities with a fair value of $25,355,765 or 1.45% of net assets. Please refer to the table below for additional details.
(4)	Security, or a portion of the security, is on loan.
(5)	Represents securities purchased with cash collateral received for securities on loan.
(6)	Rate shown is the 7-day yield as of March 31, 2018.

VY® T. Rowe Price Growth Equity Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs# (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Common Stock
Consumer Discretionary	$	365,543,614	$	–	$	225,137	$	365,768,751
Consumer Staples		28,225,127		–		–		28,225,127
Financials		114,387,776		–		–		114,387,776
Health Care		229,168,814		–		–		229,168,814
Industrials		183,645,797		–		–		183,645,797
Information Technology		689,094,046		25,393,153		111,825		714,599,024
Materials		9,875,050		–		–		9,875,050
Real Estate		36,437,153		–		82,530		36,519,683
Utilities		33,903,905		–		–		33,903,905
Total Common Stock		1,690,281,282		25,393,153		419,492		1,716,093,927
Preferred Stock		–		–		24,936,273		24,936,273
Convertible Bonds/Notes		–		3,950,387		–		3,950,387
Short-Term Investments		7,105,261		33,530,177		–		40,635,438
Total Investments, at fair value	$	1,697,386,543	$	62,873,717	$	25,355,765	$	1,785,616,025

# 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 March 31, 2018:

Investments, at fair value	Fair Value at March 31, 2018		Valuation Technique(s)	Unobservable Inputs	Range			Impact to Valuation from an Increase in Input**
Common Stock
Flipkart Online Services Pvt. Ltd.	$	225,137	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Uber Technologies, Inc. - Class A		111,825	Recent Comparable Transaction Price	Discount Factor*		-		n/a
WeWork Companies, Inc., - Class A		82,530	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Total Common Stock	$	419,492
Preferred Stock
AirBNB, Inc. - Series D	$	6,934,159	Recent Comparable Transaction Price/Market Comparable	Discount Factor*		-		n/a
				Enterprise Value to Sales Multiple		5.3	x	Increase
				Discount for Lack of Marketability		10	%	Decrease
				Enterprise Value to Gross Profit		7.3	x	Increase
				Sales Growth Rate		40	%	Increase
				Gross Profit Growth Rate		40	%	Increase
AirBNB, Inc. - Series E		1,879,589	Recent Comparable Transaction Price/Market Comparable	Discount Factor*		-		n/a
				Enterprise Value to Sales Multiple		5.3	x	Increase
				Discount for Lack of Marketability		10	%	Decrease
				Enterprise Value to Gross Profit		7.3	x	Increase
				Sales Growth Rate		40	%	Increase
				Gross Profit Growth Rate		40	%	Increase
Flipkart Online Services Pvt. Ltd., - Series A		76,816	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Flipkart Online Services Pvt. Ltd., - Series C		135,778	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Flipkart Online Services Pvt. Ltd., - Series E		252,396	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Flipkart Online Services Pvt. Ltd., - Series G		1,640,419	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Flipkart Online Services Pvt. Ltd., - Series H		1,650,985	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Magic Leap, Inc., Series C		2,523,393	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Magic Leap, Inc., Series D		1,673,163	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Uber Technologies, Inc. - Series A		15,960	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Uber Technologies, Inc. - Series B		42,756	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Uber Technologies, Inc. - Series C-1		11,317	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Uber Technologies, Inc. - Series C-2		9,150	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Uber Technologies, Inc. - Series C-3		103	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Uber Technologies, Inc. - Series D		10,182	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Uber Technologies, Inc. - Series E		4,884	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Uber Technologies, Inc. - Series G		2,524,231	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Uber Technologies, Inc. - Series G-1		24,525	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Uber Technologies, Inc. - Series Seed		40,829	Recent Comparable Transaction Price	Discount Factor*		-		n/a
WeWork Companies, Inc. - Series E		2,088,651	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Xiaoju Kuaizhi, Inc., Series A-17		3,396,987	Recent Comparable Transaction Price	Discount Factor*		-		n/a
Total Preferred Stock	$	24,936,273

* No quantitative unobservable inputs were significant to the fair valuation determination at March 31, 2018

** Represents the directional change in the fair value of the Level 3 investment(s) that would result from an increase in the corresponding input. A decrease in the unobservable input would have the opposite effect. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements.

VY® T. Rowe Price Growth Equity Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (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 year ended March 31, 2018:

	Beginning Balance							Accrued Discounts/		Total Realized		Net Change in Unrealized Appreciation/			Transfers Into		Transfers Out of		Ending Balance
	12/31/2017		Purchases		Sales			(Premiums)		Gain/(Loss)		(Depreciation)*			Level 3		Level 3		12/31/2018
Asset Table
Investments, at fair value
Common Stock	$	1,986,212	$	107,182	$	(2,738,022	)	$	-	$	1,059,477	$	4,643		$	-	$	-	$	419,492
Preferred Stock		24,850,180		164,342		-			-		-		(78,249	)		-		-		24,936,273
Total Investments, at value	$	26,836,392	$	271,524	$	(2,738,022	)	$	-	$	1,059,477	$	(73,606	)	$	-	$	-	$	25,355,765

* As of March 31, 2018, total change in unrealized gain (loss) on Level 3 securities still held at period end and included in the change in net assets was $(73,606).

At March 31, 2018, T. Rowe Price Growth Equity held the following restricted securities:

Security	Acquisition Date	Acquisition Cost		Fair Value
AirBNB, Inc. - Series D	4/16/2014	$	2,411,881	$	6,934,159
AirBNB, Inc. - Series E	7/14/2015		1,494,910		1,879,589
Flipkart Online Services Pvt. Ltd.	3/19/2015		294,689		225,137
Flipkart Online Services Pvt. Ltd., - Series A	3/19/2015		100,548		76,816
Flipkart Online Services Pvt. Ltd., - Series C	3/19/2015		177,725		135,778
Flipkart Online Services Pvt. Ltd., - Series E	3/19/2015		330,371		252,396
Flipkart Online Services Pvt. Ltd., - Series G	12/17/2014		1,659,634		1,640,419
Flipkart Online Services Pvt. Ltd., - Series H	4/17/2015		1,670,324		1,650,985
Magic Leap, Inc., - Series C	1/20/2016		2,152,641		2,523,393
Magic Leap, Inc., Series D	10/12/2017		1,673,163		1,673,163
Uber Technologies, Inc. - Class A	1/16/2018		107,182		111,825
Uber Technologies, Inc. - Series A	1/16/2018		15,297		15,960
Uber Technologies, Inc. - Series B	1/16/2018		40,980		42,756
Uber Technologies, Inc. - Series C-1	1/16/2018		10,847		11,317
Uber Technologies, Inc. - Series C-2	1/16/2018		8,770		9,150
Uber Technologies, Inc. - Series C-3	1/16/2018		99		103
Uber Technologies, Inc. - Series D	1/16/2018		9,759		10,182
Uber Technologies, Inc. - Series E	1/16/2018		4,682		4,884
Uber Technologies, Inc. - Series G	12/3/2015		3,579,148		2,524,231
Uber Technologies, Inc. - Series G-1	1/16/2018		34,774		24,525
Uber Technologies, Inc. - Series Seed	1/16/2018		39,134		40,829
WeWork Companies, Inc. - Series E	6/23/2015		1,498,251		2,088,651
WeWork Companies, Inc., - Class A	6/23/2015		59,201		82,530
Xiaoju Kuaizhi, Inc., Series A-17	10/19/2015		1,865,695		3,396,987
		$	19,239,705	$	25,355,765

VY® T. Rowe Price Growth Equity Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

At March 31, 2018, 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 $1,318,596,154.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	501,815,398
Gross Unrealized Depreciation		(34,795,527	)
Net Unrealized Appreciation	$	467,019,871

VY® Templeton Foreign Equity Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 98.2%
			Canada: 2.1%
	509,310		Alamos Gold, Inc.	$	2,653,505		0.4
	460,200		Husky Energy, Inc.		6,586,788		1.1
	167,500		Wheaton Precious Metals Corp.		3,412,795		0.6
					12,653,088		2.1
			China: 6.9%
	36,110	(1)	Baidu, Inc. ADR		8,059,391		1.3
	2,585,000		China Life Insurance Co., Ltd.		7,227,120		1.2
	729,000		China Mobile Ltd.		6,681,573		1.1
	21,246,000		China Telecom Corp., Ltd.		9,423,282		1.6
	3,094,000		Kunlun Energy Co. Ltd.		2,687,043		0.5
	12,000		NetEase, Inc. ADR		3,364,680		0.6
	750,800		Sinopharm Group Co.		3,759,668		0.6
					41,202,757		6.9
			France: 9.6%
	294,784		AXA S.A.		7,836,254		1.3
	155,207		BNP Paribas		11,510,273		2.0
	121,133		Cie de Saint-Gobain		6,396,438		1.1
	47,171		Cie Generale des Etablissements Michelin		6,983,331		1.2
	189,809		Credit Agricole SA		3,094,841		0.5
	120,056		Sanofi		9,633,314		1.6
	84,042		Total SA		4,817,266		0.8
	284,240		Veolia Environnement		6,752,806		1.1
					57,024,523		9.6
			Germany: 11.4%
	87,212		Bayer AG		9,831,746		1.7
	73,732		HeidelbergCement AG		7,243,585		1.2
	391,745		Infineon Technologies AG		10,535,300		1.8
	127,264	(2)	Innogy SE		6,032,229		1.0
	96,477		LANXESS AG		7,395,563		1.2
	83,268		Merck KGaA		7,989,400		1.4
	35,275	(1),(3)	Morphosys AG		3,609,460		0.6
	69,071		Siemens AG		8,813,283		1.5
	1,277,243		Telefonica Deutschland Holding AG		6,001,650		1.0
					67,452,216		11.4
			Hong Kong: 3.3%
	731,300		AIA Group Ltd.		6,251,648		1.1
	583,140		CK Asset Holdings Ltd.		4,921,161		0.8
	228,400		CK Hutchison Holdings Ltd. ADR		2,738,516		0.4
	485,640		CK Hutchison Holdings Ltd.		5,835,096		1.0
					19,746,421		3.3
			India: 2.0%
	413,798		Housing Development Finance Corp.		11,655,909		2.0
			Ireland: 0.8%
	510,589	(1)	Bank of Ireland Group PLC		4,474,241		0.8
			Israel: 1.0%
	339,858		Teva Pharmaceutical Industries Ltd. ADR		5,808,173		1.0
			Italy: 1.7%
	571,066		ENI S.p.A.		10,059,487		1.7
			Japan: 14.1%
	431,400		Astellas Pharma, Inc.		6,598,691		1.1
	151,000		IHI Corp.		4,711,044		0.8
	522,200		Inpex Corp.		6,480,154		1.1
	277,700		Mitsui Fudosan Co., Ltd.		6,704,027		1.1
	133,800		Omron Corp.		7,821,486		1.3
	560,600		Panasonic Corp.		8,050,492		1.3
	24,300		Ryohin Keikaku Co., Ltd.		8,118,408		1.4
	104,800	(1)	Seven & I Holdings Co., Ltd.		4,457,641		0.8
	119,400		SoftBank Group Corp.		8,906,197		1.5
	160,400		Sumitomo Metal Mining Co., Ltd.		6,634,405		1.1
	202,900		Sumitomo Rubber Industries, Inc.		3,740,937		0.6
	240,400		Suntory Beverage & Food Ltd.		11,702,796		2.0
					83,926,278		14.1
			Luxembourg: 0.9%
	392,554	(1),(3)	SES S.A. - Luxembourg		5,313,606		0.9
			Netherlands: 5.0%
	35,522		Akzo Nobel NV		3,356,226		0.5
	145,314	(1)	QIAGEN NV		4,697,767		0.8
	510,931		Royal Dutch Shell PLC - Class B		16,440,924		2.8
	329,772		SBM Offshore NV		5,287,929		0.9
					29,782,846		5.0
			Norway: 1.8%
	263,727		Telenor ASA		5,997,450		1.0
	109,447		Yara International ASA		4,676,682		0.8
					10,674,132		1.8
			Portugal: 0.8%
	251,118		Galp Energia SGPS SA		4,735,765		0.8
			Singapore: 2.7%
	206,582		DBS Group Holdings Ltd.		4,363,497		0.7
	3,347,000		Singapore Telecommunications Ltd.		8,644,297		1.5
	144,700		United Overseas Bank Ltd.		3,044,809		0.5
					16,052,603		2.7
			South Korea: 5.5%
	132,540		Hana Financial Group, Inc.		5,712,096		1.0
	13,043		Hyundai Mobis Co. Ltd.		3,115,583		0.5
	102,180	(1)	KB Financial Group, Inc. ADR		5,920,309		1.0

VY® Templeton Foreign Equity Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			South Korea: (continued)
	15,480		Samsung Electronics Co., Ltd. GDR	$	17,906,400		3.0
					32,654,388		5.5
			Sweden: 0.8%
	322,994	(1)	Arjo AB		944,012		0.2
	322,994		Getinge AB		3,678,133		0.6
					4,622,145		0.8
			Switzerland: 4.9%
	40,890	(1),(3)	Landis+Gyr Group AG		3,169,575		0.6
	74,580		Novartis AG		6,032,096		1.0
	43,811		Roche Holding AG		10,050,118		1.7
	547,076		UBS Group AG		9,638,892		1.6
					28,890,681		4.9
			Taiwan: 1.6%
	1,099,251		Taiwan Semiconductor Manufacturing Co., Ltd.		9,310,877		1.6
			Thailand: 1.5%
	1,298,000		Bangkok Bank PCL - Foreign Reg		8,920,568		1.5
			United Kingdom: 19.8%
	973,060		BAE Systems PLC		7,961,260		1.4
	3,841,860		Barclays PLC		11,226,299		1.9
	2,480,654		BP PLC		16,732,230		2.8
	2,859,581	(1)	Cobham PLC		4,927,654		0.8
	217,734		CRH PLC - London		7,360,206		1.2
	184,778		GlaxoSmithKline PLC		3,588,573		0.6
	1,061,200		HSBC Holdings PLC (HKD)		10,030,942		1.7
	164,170		Johnson Matthey PLC		7,003,676		1.2
	1,619,746		Kingfisher PLC		6,644,670		1.1
	75,720	(1)	LivaNova PLC		6,701,220		1.1
	318,960		Rolls-Royce Holdings PLC		3,899,635		0.7
	145,444		Shire PLC		7,238,706		1.2
	1,090,602		Standard Chartered PLC		10,930,384		1.9
	175,214		Travis Perkins PLC		3,037,865		0.5
	3,653,591		Vodafone Group PLC		9,996,315		1.7
					117,279,635		19.8
		Total Common Stock
		(Cost $458,594,465)			582,240,339		98.2
Principal Amount†					Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 2.9%
			U.S. Government Agency Obligations: 1.8%
	10,800,000	(4)	Federal Home Loan Bank Discount Notes, 04/02/2018
			(Cost $10,799,579)		10,800,000		1.8
			Securities Lending Collateral(5): 0.7%
	87,397		Barclays Capital, Inc., Repurchase Agreement dated 03/29/18, 1.80%, due 04/02/18 (Repurchase Amount $87,414, collateralized by various U.S. Government Securities, 0.000%, Market Value plus accrued interest $89,145, due 08/15/18-11/15/47)		87,397		0.0
	1,000,000		Daiwa Capital Markets, Repurchase Agreement dated 03/29/18, 1.81%, due 04/02/18 (Repurchase Amount $1,000,198, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-6.500%, Market Value plus accrued interest $1,020,000, due 04/30/18-12/01/51)		1,000,000		0.2
	1,000,000		National Bank Financial, Repurchase Agreement dated 03/29/18, 1.76%, due 04/02/18 (Repurchase Amount $1,000,193, collateralized by various U.S. Government Securities, 0.125%-3.500%, Market Value plus accrued interest $1,020,051, due 04/02/18-09/09/49)		1,000,000		0.2
	1,000,000		Nomura Securities, Repurchase Agreement dated 03/29/18, 1.82%, due 04/02/18 (Repurchase Amount $1,000,199, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-7.500%, Market Value plus accrued interest $1,020,000, due 04/02/18-02/20/68)		1,000,000		0.1

VY® Templeton Foreign Equity Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: (Continued)
		Securities Lending Collateral(5) (continued)
	1,000,000	RBC Dominion Securities Inc., Repurchase Agreement dated 03/29/18, 1.80%, due 04/02/18 (Repurchase Amount $1,000,197, collateralized by various U.S. Government\U.S. Government Agency Obligations, 0.000%-5.000%, Market Value plus accrued interest $1,020,000, due 06/28/18-12/20/47)	$	1,000,000		0.2
				4,087,397		0.7

Shares					Value		Percentage of Net Assets
			Mutual Funds: 0.4%
	2,403,189	(6)	BlackRock Liquidity Funds, FedFund, Institutional Class, 1.550%
			(Cost $2,403,189)		2,403,189		0.4
		Total Short-Term Investments
		(Cost $17,290,165)			17,290,586		2.9
		Total Investments in Securities (Cost $475,884,630)		$	599,530,925		101.1
		Liabilities in Excess of Other Assets			(6,242,466	)	(1.1)
		Net Assets		$	593,288,459		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 March 31, 2018.
(5)	Represents securities purchased with cash collateral received for securities on loan.
(6)	Rate shown is the 7-day yield as of March 31, 2018.

Sector Diversification	Percentage of Net Assets
Financials		20.7	%
Health Care		15.2
Energy		12.5
Information Technology		10.2
Telecommunication Services		9.4
Industrials		8.2
Materials		8.2
Consumer Discretionary		7.0
Consumer Staples		2.8
Utilities		2.1
Real Estate		1.9
Short-Term Investments		2.9
Liabilities in Excess of Other Assets		(1.1	)
Net Assets		100.0	%

VY® Templeton Foreign Equity Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of March 31, 2018 in valuing the assets and liabilities:⁽¹⁾

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs# (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2018
Asset Table
Investments, at fair value
Common Stock
Canada	$	12,653,088	$	–	$	–	$	12,653,088
China		15,183,739		26,019,018		–		41,202,757
France		–		57,024,523		–		57,024,523
Germany		–		67,452,216		–		67,452,216
Hong Kong		2,738,516		17,007,905		–		19,746,421
India		–		11,655,909		–		11,655,909
Ireland		–		4,474,241		–		4,474,241
Israel		5,808,173		–		–		5,808,173
Italy		–		10,059,487		–		10,059,487
Japan		4,457,641		79,468,637		–		83,926,278
Luxembourg		–		5,313,606		–		5,313,606
Netherlands		–		29,782,846		–		29,782,846
Norway		–		10,674,132		–		10,674,132
Portugal		–		4,735,765		–		4,735,765
Singapore		–		16,052,603		–		16,052,603
South Korea		5,920,309		26,734,079		–		32,654,388
Sweden		–		4,622,145		–		4,622,145
Switzerland		–		28,890,681		–		28,890,681
Taiwan		–		9,310,877		–		9,310,877
Thailand		–		8,920,568		–		8,920,568
United Kingdom		6,701,220		110,578,415		–		117,279,635
Total Common Stock		53,462,686		528,777,653		–		582,240,339
Short-Term Investments		2,403,189		14,887,397		–		17,290,586
Total Investments, at fair value	$	55,865,875	$	543,665,050	$	–	$	599,530,925
Other Financial Instruments+
Forward Foreign Currency Contracts		–		356		–		356
Total Assets	$	55,865,875	$	543,665,406	$	–	$	599,531,281

(1) For the period ended March 31, 2018, as a result of the fair value pricing procedures for international equities utilized by the Portfolio certain securities have transferred in and out of Level 1 and Level 2 measurements during the year. The Portfolio's policy is to recognize transfers between levels at the beginning of the reporting period. At March 31, 2018, securities valued at $42,985,931 and $3,234,289 were transferred from Level 1 to Level 2 and from Level 2 to Level 1, respectively, within the fair value hierarchy.

+ Other Financial Instruments may include open forward foreign currency contracts, futures, centrally cleared swaps, OTC swaps and written options. Forward foreign currency contracts, futures and centrally cleared swaps are 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 March 31, 2018, the following forward foreign currency contracts were outstanding for VY® Templeton Foreign Equity Portfolio:

Currency Purchased	Currency Sold	Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
USD 157,374	SGD 205,875	Goldman Sachs & Co.	04/02/18	$	356
				$	356

Currency Abbreviations
SGD	-	Singapore Dollar
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 March 31, 2018 was as follows:

Derivatives not accounted for as hedging instruments		Fair Value
Asset Derivatives	Instrument Type
Foreign exchange contracts	Forward foreign currency contracts	$	356
Total Asset Derivatives		$	356

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 March 31, 2018:

	The Bank of New York Mellon
Assets:
Forward foreign currency contracts	$	356
Total Assets	$	356
Net OTC derivative instruments by counterparty, at fair value	$	356
Total collateral pledged by the Portfolio/(Received from counterparty)	$	-
Net Exposure(1)	$	356

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

VY® Templeton Foreign Equity Portfolio	PORTFOLIO OF INVESTMENTS
	as of March 31, 2018 (Unaudited) (Continued)

At March 31, 2018, 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 $481,668,047.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	150,453,258
Gross Unrealized Depreciation		(32,230,154	)
Net Unrealized Appreciation	$	118,223,104

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/ Michael Bell
	Michael Bell
	Chief Executive Officer
Date:	May 24, 2018

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/ Michael Bell
	Michael Bell
	Chief Executive Officer
Date:	May 24, 2018
By	/s/ Todd Modic
	Todd Modic
	Senior Vice President and Chief Financial Officer
Date:	May 24, 2018