OMB APPROVAL

OMB Number: 3235-0578

Expires: January 31, 2016

Estimated average burden hours per response: 10.5

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-08319

Voya Partners, Inc.

(Exact name of registrant as specified in charter)

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

(Address of principal executive offices) (Zip code)

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

(Name and address of agent for service)

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

Date of fiscal year end: December 31

Date of reporting period: September 30, 2015

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.

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: 24.0%
			Australia: 0.3%
	703,000		BHP Billiton Finance USA Ltd, 5.000%, 09/30/43	$	714,138		0.3
			Canada: 0.2%
	402,000		Goldcorp, Inc., 3.700%, 03/15/23		376,251		0.2
			China: 0.2%
	601,000	#	Alibaba Group Holding Ltd., 3.600%, 11/28/24		562,572		0.2
			France: 0.6%
	294,000		BPCE SA, 2.500%, 12/10/18		299,475		0.1
	287,000	#	BPCE SA, 5.150%, 07/21/24		292,323		0.1
	940,000	#	Numericable Group SA, 6.000%, 05/15/22		908,275		0.4
					1,500,073		0.6
			Germany: 0.3%
	730,000		Deutsche Bank AG/London, 1.875%, 02/13/18		727,986		0.3
			Guernsey: 0.3%
	716,000	#	Credit Suisse Group Funding Guernsey Ltd., 2.750%, 03/26/20		714,795		0.3
			Italy: 0.1%
	286,000		Intesa Sanpaolo SpA, 3.875%, 01/15/19		296,645		0.1
			Japan: 0.4%
	790,000	#	Bank of Tokyo-Mitsubishi UFJ Ltd/The, 2.300%, 03/05/20		786,437		0.3
	200,000	#	Mizuho Bank Ltd., 3.200%, 03/26/25		196,352		0.1
					982,789		0.4
			Luxembourg: 0.3%
	690,000		Actavis Funding SCS, 2.350%, 03/12/18		693,154		0.3
			Mexico: 0.0%
MXN	1,007,437	±	Banco Invex S.A., 6.450%, 03/13/34		–		–
MXN	202,665		JPMorgan Hipotecaria su Casita, 6.100%, 09/25/35		13,571		0.0
					13,571		0.0
			Netherlands: 0.8%
	200,000	#	Carlson Wagonlit BV, 6.875%, 06/15/19		206,500		0.1
	269,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands, 4.500%, 01/11/21		297,071		0.1
	690,000		Shell International Finance BV, 3.250%, 05/11/25		684,003		0.3
	800,000	#	Siemens Financieringsmaatschappij NV, 2.900%, 05/27/22		804,520		0.3
					1,992,094		0.8
			Norway: 0.1%
	380,000		Statoil ASA, 2.450%, 01/17/23		362,990		0.1
			Sweden: 0.4%
	298,000	#,L	Nordea Bank AB, 5.500%, 09/29/49		291,423		0.1
	670,000	#	Swedbank AB, 2.200%, 03/04/20		669,128		0.3
					960,551		0.4
			Switzerland: 0.3%
	400,000	#	Credit Suisse AG, 6.500%, 08/08/23		431,750		0.2
	250,000		UBS AG/Stamford CT, 7.625%, 08/17/22		288,045		0.1
					719,795		0.3
			United Kingdom: 0.5%
	1,002,000		Abbey National Treasury Services PLC/London, 2.375%, 03/16/20		1,007,539		0.4
	265,000	#	Barclays Bank PLC, 6.050%, 12/04/17		286,876		0.1
					1,294,415		0.5
			United States: 19.2%
	475,000		21st Century Fox America, Inc., 4.500%, 02/15/21		514,169		0.2
	422,000		21st Century Fox America, Inc., 5.400%, 10/01/43		448,956		0.2
	690,000		AbbVie, Inc., 2.500%, 05/14/20		686,979		0.3
	447,000		Air Lease Corp., 4.250%, 09/15/24		439,177		0.2
	80,000		Albemarle Corp., 3.000%, 12/01/19		80,430		0.0
	570,000	#	Alliance Data Systems Corp., 5.375%, 08/01/22		557,175		0.2
	421,000		American Tower Corp., 5.000%, 02/15/24		443,240		0.2
	638,000		Amsurg Corp., 5.625%, 07/15/22		639,595		0.3
	1,050,000		Apple Inc., 1.000%, 05/03/18		1,045,566		0.4
	710,000		Apple, Inc., 3.200%, 05/13/25		715,553		0.3
	330,000		AT&T, Inc., 3.000%, 06/30/22		322,474		0.1
	368,000		Bank of America Corp., 3.300%, 01/11/23		366,378		0.1
	458,000		Bank of America Corp., 4.100%, 07/24/23		476,819		0.2
	309,000		Bank of America Corp., 4.000%, 04/01/24		318,748		0.1
	1,309,000		Barrick North America Finance LLC, 5.750%, 05/01/43		1,118,736		0.4

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			United States: (continued)
	540,000	#	Calpine Corp., 6.000%, 01/15/22	$	562,275		0.2
	490,000		CBRE Services, Inc., 5.250%, 03/15/25		497,856		0.2
	267,000		CBS Corp., 3.700%, 08/15/24		262,179		0.1
	689,000		CCO Holdings LLC / CCO Holdings Capital Corp., 5.125%, 02/15/23		637,325		0.3
	528,000	#	CCO Safari II LLC, 4.464%, 07/23/22		528,602		0.2
	621,000		Celgene Corp., 4.000%, 08/15/23		639,838		0.3
	382,000		Citigroup, Inc., 4.000%, 08/05/24		378,769		0.2
	469,000		Citigroup, Inc., 5.500%, 09/13/25		512,977		0.2
	758,000		Citizens Bank NA/Providence RI, 2.450%, 12/04/19		757,307		0.3
	262,000		ConocoPhillips Co., 3.350%, 11/15/24		256,356		0.1
	262,000		ConocoPhillips Co., 4.300%, 11/15/44		248,791		0.1
	562,000	#	COX Communications, Inc., 2.950%, 06/30/23		514,230		0.2
	869,000		CVS Health Corp., 2.800%, 07/20/20		883,941		0.4
	985,000		Devon Energy Corp., 5.600%, 07/15/41		940,864		0.4
	372,000		DIRECTV Holdings LLC / DIRECTV Financing Co., Inc., 5.150%, 03/15/42		350,969		0.1
	442,000		Discover Bank/Greenwood DE, 7.000%, 04/15/20		512,982		0.2
	310,000		Eastman Chemical Co., 2.700%, 01/15/20		310,049		0.1
	680,000		Eaton Corp., 4.150%, 11/02/42		630,554		0.3
	585,000		eBay, Inc., 2.600%, 07/15/22		541,693		0.2
	326,000		Emerson Electric Co., 2.625%, 12/01/21		329,741		0.1
	1,026,000		Energy Transfer Partners L.P., 4.900%, 02/01/24		980,197		0.4
	625,000		Entergy Corp., 5.125%, 09/15/20		674,435		0.3
	539,000		Fifth Third Bancorp., 8.250%, 03/01/38		785,061		0.3
	532,000		FirstEnergy Corp., 4.250%, 03/15/23		535,778		0.2
	478,000		General Dynamics Corp., 2.250%, 11/15/22		459,057		0.2
	715,000		General Electric Capital Corp., 6.750%, 03/15/32		967,640		0.4
	248,000		General Motors Financial Co., Inc., 4.300%, 07/13/25		240,491		0.1
	386,000	#	Glencore Funding LLC, 2.500%, 01/15/19		329,315		0.1
	289,000		Goldman Sachs Group, Inc., 4.800%, 07/08/44		293,813		0.1
	627,000		Goldman Sachs Group, Inc., 5.250%, 07/27/21		699,844		0.3
	605,000		Hartford Financial Services Group, Inc., 6.625%, 03/30/40		781,391		0.3
	721,000		HCP, Inc., 4.250%, 11/15/23		727,107		0.3
	292,000		Hewlett-Packard Co., 2.600%, 09/15/17		296,472		0.1
	540,000	#	HJ Heinz Co., 3.950%, 07/15/25		553,844		0.2
	258,000		HP Enterprise Co., 2.479%, 10/05/17		257,856		0.1
	194,000		HP Enterprise Co., 2.895%, 10/05/18		193,752		0.1
	294,000		Huntington Bancshares, Inc./OH, 2.600%, 08/02/18		297,303		0.1
	1,165,000		Indiana Michigan Power, 7.000%, 03/15/19		1,348,307		0.5
	570,000	#	JBS USA LLC / JBS USA Finance, Inc., 5.875%, 07/15/24		535,800		0.2
	810,000		Jefferson Smurfit Escrow		–		–
	245,000		Jefferson Smurfit Escrow		–		–
	430,000	#	JM Smucker Co, 3.000%, 03/15/22		429,569		0.2
	362,000		JPMorgan Chase & Co., 1.625%, 05/15/18		359,921		0.1
	478,000		JPMorgan Chase & Co., 6.000%, 12/29/49		471,726		0.2
	53	#	Kern River Funding Corp., 4.893%, 04/30/18		55		0.0
	222,000		Kinder Morgan Energy Partners L.P., 4.250%, 09/01/24		202,195		0.1
	476,000		Kohl's Corp., 4.750%, 12/15/23		505,966		0.2
	375,000		Medtronic, Inc., 3.150%, 03/15/22		380,733		0.2
	393,000		Medtronic, Inc., 3.500%, 03/15/25		401,648		0.2
	372,000		Morgan Stanley, 3.750%, 02/25/23		380,555		0.2
	587,000		Morgan Stanley, 3.875%, 04/29/24		600,452		0.2
	618,000		Morgan Stanley, 4.100%, 05/22/23		629,007		0.2
	240,000		MPT Operating Partnership L.P./MPT Finance Corp., 6.375%, 02/15/22		251,700		0.1
	1,048,000		Mylan, Inc./PA, 2.600%, 06/24/18		1,047,758		0.4
	625,000	L	Netflix, Inc., 5.750%, 03/01/24		640,625		0.3
	490,000		Newell Rubbermaid, Inc., 2.875%, 12/01/19		494,819		0.2
	381,000		NextEra Energy Capital Holdings, Inc., 3.625%, 06/15/23		385,417		0.2
	504,000		Oracle Corp., 2.950%, 05/15/25		492,187		0.2
	568,000		Philip Morris International, Inc., 4.250%, 11/10/44		550,433		0.2

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			United States: (continued)
	390,000		Phillips 66, 4.875%, 11/15/44	$	377,492		0.1
	280,000		Regency Energy Partners L.P. / Regency Energy Finance Corp., 4.500%, 11/01/23		259,366		0.1
	280,000		Regency Energy Partners L.P. / Regency Energy Finance Corp., 5.500%, 04/15/23		272,300		0.1
	339,000		Reynolds American, Inc., 6.150%, 09/15/43		386,529		0.2
	470,000	#	Sable International Finance Ltd., 8.750%, 02/01/20		495,262		0.2
	585,000	#	Sanmina Corp., 4.375%, 06/01/19		589,387		0.2
	130,000		Scripps Networks Interactive, Inc., 2.750%, 11/15/19		130,249		0.1
	260,000		Scripps Networks Interactive, Inc., 3.900%, 11/15/24		255,721		0.1
	462,000		Simon Property Group L.P., 4.250%, 10/01/44		450,030		0.2
	676,000		St Jude Medical, Inc., 2.500%, 01/15/16		679,360		0.3
	570,000		Starz LLC / Starz Finance Corp., 5.000%, 09/15/19		568,575		0.2
	245,000		Stone Webster Escrow		–		–
	130,000		Sunoco Logistics Partners Operations L.P., 4.250%, 04/01/24		118,494		0.0
	445,000		Synchrony Financial, 4.250%, 08/15/24		444,325		0.2
	585,000		Tenet Healthcare Corp., 6.000%, 10/01/20		618,637		0.2
	340,000		Time Warner Cable, Inc., 5.875%, 11/15/40		324,810		0.1
	606,000		Time Warner Cable, Inc., 6.500%, 11/15/36		706,603		0.3
	505,000	#	Valeant Pharmaceuticals International, 7.250%, 07/15/22		520,781		0.2
	337,000		Verizon Communications, Inc., 5.012%, 08/21/54		309,487		0.1
	1,328,000		Verizon Communications, Inc., 5.150%, 09/15/23		1,467,486		0.6
	339,000		Verizon Communications, Inc., 6.550%, 09/15/43		402,706		0.2
	599,000		Wells Fargo & Co., 4.100%, 06/03/26		605,344		0.2
	510,000		Xerox Corp., 2.750%, 09/01/20		493,933		0.2
					48,130,399		19.2
		Total Corporate Bonds/Notes (Cost $59,998,860)			60,042,218		24.0
COLLATERALIZED MORTGAGE OBLIGATIONS: 14.9%
			United States: 14.9%
	487,784		Alternative Loan Trust 2005-51 3A2A, 1.489%, 11/20/35		432,775		0.2
	129,280		Alternative Loan Trust 2006-13T1 A9, 6.000%, 05/25/36		110,798		0.0
	451,281		American Home Mortgage Assets Trust 2006-3 2A11, 1.139%, 10/25/46		328,578		0.1
	427,415		Banc of America Alternative Loan Trust 2004-1 4A1, 4.750%, 02/25/19		430,453		0.2
	800,000		Banc of America Commercial Mortgage Trust 2007-3 AJ, 5.734%, 06/10/49		825,352		0.3
	700,000		Banc of America Commercial Mortgage Trust 2007-3 B, 5.734%, 06/10/49		712,504		0.3
	540,000		Banc of America Commercial Mortgage Trust 2007-4 AJ, 6.002%, 02/10/51		557,165		0.2
	1,014,562		Banc of America Funding Corp., 5.500%, 02/25/35		1,026,882		0.4
	1,130,000	#	Banc of America Merrill Lynch Commercial Mortgage, Inc. 2004-4 G, 5.582%, 07/10/42		1,147,187		0.5
	440,000		Banc of America Merrill Lynch Commercial Mortgage, Inc. 2005-6 C, 5.315%, 09/10/47		443,637		0.2
	8,020,000	#,^	BBCCRE Trust 2015-GTP XA, 0.749%, 08/10/33		418,156		0.2
	1,203,015		Bear Stearns ALT-A Trust 2005-10 22A1, 2.553%, 01/25/36		1,045,995		0.4
	440,000	#	Bear Stearns Commercial Mortgage Securities Trust 2004-PWR6, 5.406%, 11/11/41		480,563		0.2
	9,555		Bear Stearns Commercial Mortgage Securities Trust 2005-PWR8, 4.858%, 06/11/41		9,546		0.0
	500,000		Bear Stearns Commercial Mortgage Securities Trust 2005-TOP20, 5.291%, 10/12/42		499,559		0.2
	509,074	#	Beckman Coulter, Inc. 2000-A A, 7.498%, 12/15/18		544,608		0.2
	445,416		ChaseFlex Trust Series 2006-2 A3, 5.140%, 09/25/36		407,885		0.2
	240,000	#	Citigroup Commercial Mortgage Trust 2012-GC8, 5.040%, 09/10/45		238,379		0.1
	241,819		Citigroup Mortgage Loan Trust, Inc. 2005-2 1A3, 2.731%, 05/25/35		241,437		0.1
	594,840		CitiMortgage Alternative Loan Trust Series 2006-A3 1A7, 6.000%, 07/25/36		537,609		0.2

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
COLLATERALIZED MORTGAGE OBLIGATIONS: (continued)
			United States: (continued)
	680,000	#	COMM 2004-LNB2 H Mortgage Trust H, 6.269%, 03/10/39	$	747,276		0.3
	10,847,334	#,^	COMM 2012 - LTRT XA Mortgage Trust, 1.065%, 10/05/30		585,995		0.2
	3,969,958	^	COMM 2012-CCRE1 XA Mortgage Trust, 2.277%, 05/15/45		364,083		0.1
	2,965,147	^	COMM 2013-LC6 XA Mortgage Trust, 1.893%, 01/10/46		220,229		0.1
	4,412,193	^	COMM 2014-CCRE17 XA Mortgage Trust, 1.356%, 05/10/47		297,904		0.1
	480,000	#	Commercial Mortgage Trust 2004-GG1 F, 6.238%, 06/10/36		487,668		0.2
	478,000		Commercial Mortgage Trust 2007-GG11 AJ, 6.252%, 12/10/49		491,242		0.2
	380,000		Commercial Mortgage Trust, 5.289%, 07/15/44		379,742		0.1
	94,547		Countrywide Alternative Loan Trust 2005-53T2 2A6, 0.694%, 11/25/35		61,037		0.0
	156,733		Countrywide Home Loan Mortgage Pass-through Trust, 5.500%, 11/25/35		156,365		0.1
	171,238		Countrywide Home Loan Mortgage Pass-through Trust, 5.500%, 09/25/35		169,213		0.1
	27,161	#	Credit Suisse First Boston Mortgage Securities Corp. 2003-C4 J, 5.322%, 08/15/36		27,170		0.0
	476,320	#	Credit Suisse Mortgage Capital Certificates 2009-3R 30A1, 2.380%, 07/27/37		478,085		0.2
	4,301,064	#,^	DBUBS 2011-LC1 XA Mortgage Trust, 1.528%, 11/10/46		67,288		0.0
	61,481	#	Deutsche Alternative-A Securities, Inc. Alternate Loan Trust, 0.694%, 01/27/37		110,777		0.0
	320,000		Fannie Mae Connecticut Avenue Securities 2014-C03 2M2, 3.094%, 07/25/24		290,726		0.1
	1,780,000		Fannie Mae Connecticut Avenue Securities, 5.094%, 11/25/24		1,787,705		0.7
	9,324,949	^	Freddie Mac Series K704 X1, 2.123%, 08/25/18		449,173		0.2
	340,000		Freddie Mac Structured Agency Credit Risk Debt Notes 2014-HQ3 M3, 4.944%, 10/25/24		344,233		0.1
	200,000		Freddie Mac Structured Agency Credit Risk Debt Notes 2015-HQ1 M2, 2.394%, 03/25/25		200,176		0.1
	220,000		Freddie Mac Structured Agency Credit Risk Debt Notes 2015-HQ1 M3, 3.994%, 03/25/25		213,979		0.1
	180,000		Freddie Mac Structured Agency Credit Risk Debt Notes, 4.344%, 01/25/25		179,805		0.1
	1,100,000		Freddie Mac Structured Agency Credit Risk Debt Notes, 4.744%, 10/25/24		1,102,775		0.4
	44,022,750	#,^	FREMF Mortgage Trust, 0.100%, 12/25/44		219,277		0.1
	130,000		GMAC Commercial Mortgage Securities, Inc. Series 2004-C3 Trust, 5.044%, 12/10/41		133,702		0.1
	358,317		GreenPoint Mortgage Funding Trust 2006-AR3 4A1, 0.404%, 04/25/36		271,487		0.1
	145,734		GSR Mortgage Loan Trust, 2.726%, 09/25/35		147,372		0.1
	201,900		HomeBanc Mortgage Trust 2006-2 A1, 0.374%, 12/25/36		178,990		0.1
	274,557		IndyMac INDX Mortgage Loan Trust 2006-AR2 1A1B, 0.404%, 04/25/46		217,676		0.1
	500,000		JP Morgan Chase Commercial Mortgage Securities Corp. 2006-LDP8 B, 5.520%, 05/15/45		508,335		0.2
	2,760,000	#,^	JP Morgan Chase Commercial Mortgage Securities Corp. 2012-LC9 XB, 0.443%, 12/15/47		62,735		0.0
	381,620	#	JP Morgan Chase Commercial Mortgage Securities Trust 2003-LN1 H, 5.639%, 10/15/37		383,487		0.2
	270,000		JP Morgan Chase Commercial Mortgage Securities Trust 2004-CIBC9 E, 5.496%, 06/12/41		265,228		0.1
	8,449,118	^	JP Morgan Chase Commercial Mortgage Securities Trust 2012-CIBX XA, 1.923%, 06/15/45		568,431		0.2
	724,194		JP Morgan Mortgage Trust 2005-A4 B1, 2.509%, 07/25/35		658,286		0.3
	189,859		JPMorgan Mortgage Trust, 2.635%, 07/25/35		188,619		0.1
	360,000		LB-UBS Commercial Mortgage Trust 2005-C3 E, 4.983%, 07/15/40		367,601		0.1
	780,000		LB-UBS Commercial Mortgage Trust 2006-C4 D, 6.049%, 06/15/38		794,724		0.3
	260,000		LB-UBS Commercial Mortgage Trust 2006-C4 E, 6.049%, 06/15/38		258,892		0.1

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
COLLATERALIZED MORTGAGE OBLIGATIONS: (continued)
			United States: (continued)
	360,000	#	LB-UBS Commercial Mortgage Trust 2006-C6 JR14, 6.095%, 09/15/39	$	366,507		0.1
	150,000	#	LB-UBS Commercial Mortgage Trust 2006-C6 JR15, 6.095%, 09/15/39		152,060		0.1
	150,000	#	LB-UBS Commercial Mortgage Trust 2006-C6 JR16, 6.095%, 09/15/39		150,082		0.1
	230,194		Lehman XS Trust Series 2005-5N 1A2, 0.554%, 11/25/35		186,545		0.1
	462,763		Lehman XS Trust Series 2006-14N 2A, 0.394%, 09/25/46		374,053		0.1
	201,394		MASTR Adjustable Rate Mortgages Trust, 2.701%, 04/25/36		195,100		0.1
	360,000		Merrill Lynch Mortgage Investors Trust Series 1998-C1-CTL E, 6.750%, 11/15/26		396,866		0.2
	210,000		Merrill Lynch Mortgage Trust 2006-C2 AJ, 5.802%, 08/12/43		211,606		0.1
	570,000	#	Morgan Stanley Capital I Trust 2011-C1 D, 5.564%, 09/15/47		612,533		0.2
	460,000	#	Morgan Stanley Capital I Trust 2011-C1 E, 5.564%, 09/15/47		487,154		0.2
	865,000	#	Morgan Stanley Capital I Trust 2011-C1, 5.564%, 09/15/47		963,559		0.4
	382,870	#	Morgan Stanley Re-REMIC Trust 2010-C30 A3B, 5.246%, 12/17/43		382,622		0.2
	290,000	#	Morgan Stanley Re-REMIC Trust, 0.250%, 07/27/49		263,523		0.1
	435,647	#	N-Star Real Estate CDO Ltd. 2013-1A A, 2.044%, 08/25/29		435,473		0.2
	275,493		Opteum Mortgage Acceptance Corp. Trust 2006-1 1APT, 0.404%, 04/25/36		239,554		0.1
	5,135		Residential Accredit Loans, Inc., 3.120%, 04/25/35		548		0.0
	670,000	#	TIAA CMBS I Trust 2001-C1A L, 5.770%, 06/19/33		686,859		0.3
	6,630,448	#,^	UBS-Barclays Commercial Mortgage Trust 2012-C3 XA, 2.265%, 08/10/49		647,426		0.3
	84,683		WaMu Mortgage Pass-Through Certificates Series 2006-AR12 1A1, 2.316%, 10/25/36		76,280		0.0
	1,397,997		WaMu Mortgage Pass-Through Certificates Series 2006-AR16 Trust 3A1, 3.831%, 12/25/36		1,278,556		0.5
	331,486		WaMu Mortgage Pass-Through Certificates Series 2006-AR8 1A4, 2.400%, 08/25/46		286,570		0.1
	635,165		WaMu Mortgage Pass-Through Certificates Series 2007-HY2 1A1, 2.290%, 12/25/36		575,488		0.2
	252,452		Wells Fargo Alternative Loan 2007-PA2 2A1, 0.624%, 06/25/37		183,809		0.1
	6,049,621	#,^	Wells Fargo Commercial Mortgage Trust 2012-LC5 XA, 2.231%, 10/15/45		562,326		0.2
	635,922		Wells Fargo Mortgage Backed Securities  Trust 2005-AR14 A1, 2.722%, 08/25/35		629,988		0.2
	469,968		Wells Fargo Mortgage Backed Securities 2006-AR17 Trust A1, 2.713%, 10/25/36		449,336		0.2
	101,366		Wells Fargo Mortgage Backed Securities 2006-AR17 Trust A2, 2.713%, 10/25/36		96,916		0.0
	533,940		Wells Fargo Mortgage Backed Securities 2006-AR7 Trust 2A1, 2.653%, 05/25/36		510,369		0.2
	503,113		Wells Fargo Mortgage Backed Securities 2006-AR8 Trust 3A2, 2.599%, 04/25/36		489,810		0.2
	110,083		Wells Fargo Mortgage-Backed Securities Trust, 2.596%, 02/25/34		111,716		0.0
	299,062		Wells Fargo Mortgage-Backed Securities Trust, 2.618%, 02/25/35		301,525		0.1
	2,977,952	#,^	WFRBS Commercial Mortgage Trust 2012-C8 XA, 2.336%, 08/15/45		264,276		0.1
		Total Collateralized Mortgage Obligations (Cost $37,070,215)			37,445,591		14.9
STRUCTURED PRODUCTS: 0.0%
			Mexico: –%
MXN	15,114		Reforma BLN-Backed I - Class 2A Asset Backed Variable Funding Notes, 05/22/15		–		–
MXN	26,442		Reforma BLN-Backed I - Class 2B Asset Backed Variable Funding Notes, 05/22/15		–		–
MXN	398,674		Reforma BLN-Backed I - Class 2C Asset Backed Variable Funding Notes, 05/22/15		–		–

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
STRUCTURED PRODUCTS: (continued)
			Mexico: (continued)
MXN	29,055		Reforma BLN-Backed I - Class 2D Asset Backed Variable Funding Notes, 05/22/15	$	–		–
MXN	21,109		Reforma BLN-Backed I - Class 2E Asset Backed Variable Funding Notes, 05/22/15		–		–
MXN	13,481		Reforma BLN-Backed I - Class 2F Asset Backed Variable Funding Notes, 05/22/15		–		–
MXN	2,483		Reforma BLN-Backed I - Class 2G Asset Backed Variable Funding Notes, 05/22/15		–		–
					–		–
			Russia: 0.0%
RUB	6,495,873		Morgan Stanley & Co. International PLC - EM Whole Loan SA /Russian Federation Total Return Linked Bonds, Series 007, Cl. VR, 4.340%, 08/22/34		43,873		0.0
		Total Structured Products (Cost $280,330)			43,873		0.0
FOREIGN GOVERNMENT BONDS: 6.5%
			Austria: 1.5%
EUR	3,000,000	#	Austria Government Bond, 1.650%, 10/21/24		3,624,863		1.5
			Brazil: 0.2%
BRL	705,000		Brazil Notas do Tesouro Nacional Series F, 6.000%, 05/15/45		417,261		0.2
			Germany: 0.5%
EUR	10,000		Bundesrepublik Deutschland, 2.000%, 08/15/23		12,649		0.0
EUR	190,000		Bundesrepublik Deutschland, 1.000%, 08/15/25		220,671		0.1
EUR	830,000		Bundesschatzanweisungen, -0.250%, 06/16/17		931,428		0.3
EUR	170,000	Z	Bundesschatzanweisungen, -0.260%, 12/11/15		190,056		0.1
					1,354,804		0.5
			South Africa: 0.0%
ZAR	1,000,000		Transnet SOC Ltd., 10.800%, 11/06/23		74,325		0.0
			Spain: 4.3%
EUR	7,300,000	#	Spain Government Bond, 1.600%, 04/30/25		8,007,438		3.2
EUR	2,340,000	#	Spain Government Bond, 2.750%, 10/31/24		2,821,764		1.1
					10,829,202		4.3
		Total Foreign Government Bonds (Cost $16,770,889)			16,300,455		6.5
U.S. TREASURY OBLIGATIONS: 8.9%
			U.S. Treasury Bonds: 5.2%
	10,833,000		2.000%, due 08/15/25		10,782,507		4.3
	2,175,000		3.000%, due 05/15/45		2,227,972		0.9
					13,010,479		5.2
			U.S. Treasury Notes: 3.7%
	140,000		0.625%, due 08/31/17		140,014		0.1
	3,004,000		1.000%, due 09/15/18		3,011,432		1.2
	3,899,000		1.375%, due 09/30/20		3,899,253		1.6
	10,000		1.500%, due 07/31/16		10,097		0.0
	2,105,000		1.750%, due 09/30/22		2,104,672		0.8
	21,000		2.125%, due 06/30/22		21,553		0.0
					9,187,021		3.7
		Total U.S. Treasury Obligations (Cost $22,086,306)			22,197,500		8.9
U.S. GOVERNMENT AGENCY OBLIGATIONS: 19.3%
			Federal Home Loan Mortgage Corporation: 8.0%##
	41,988		0.657%, due 02/15/29		42,468		0.0
	14,933		0.707%, due 03/15/32		15,123		0.0
	60,402		0.707%, due 01/15/33		60,962		0.0
	22,424		1.157%, due 08/15/31		23,112		0.0
	12,818		1.157%, due 02/15/32		13,199		0.0
	13,233		1.207%, due 02/15/32		13,585		0.0
	12,900		1.207%, due 02/15/32		13,243		0.0
	18,369		1.207%, due 03/15/32		18,860		0.0
	1,391,000	W	3.000%, due 10/01/44		1,405,378		0.6
	1,462,122		3.000%, due 04/01/45		1,483,017		0.6
	1,486,580		3.000%, due 04/01/45		1,506,901		0.6
	538,000		3.000%, due 09/01/45		544,224		0.2
	2,664,000	W	3.500%, due 02/15/41		2,766,085		1.1
	1,005,296	^	4.000%, due 02/15/43		189,835		0.1
	15,879,987	^	4.000%, due 04/15/43		3,007,863		1.2
	490,000		4.000%, due 09/01/45		523,169		0.2
	1,025,000		4.000%, due 09/01/45		1,094,383		0.4
	357,000		4.000%, due 09/01/45		381,166		0.2
	255,000		4.000%, due 09/01/45		272,262		0.1
	196,000		4.000%, due 09/01/45		209,267		0.1
	314,000		4.000%, due 09/01/45		334,939		0.1
	6,181,270	^	4.244%, due 05/15/36		676,908		0.3
	5,973		5.000%, due 01/01/20		6,313		0.0
	26,233		5.000%, due 02/01/20		27,566		0.0
	196,639		5.000%, due 09/15/23		211,371		0.1
	740,091		5.000%, due 02/15/34		825,924		0.3
	668,641		5.000%, due 11/15/34		733,955		0.3
	19,681		5.000%, due 12/01/34		21,891		0.0
	12,449		5.500%, due 01/01/18		12,934		0.0
	2,404,584	^	5.744%, due 10/15/36		367,583		0.2
	6,458,873	^	5.794%, due 05/15/36		648,949		0.3
	5,302,558	^	5.844%, due 07/15/40		835,348		0.3
	138,374	^	5.943%, due 07/15/35		25,142		0.0
	7,809		6.000%, due 05/15/17		8,068		0.0

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
U.S. GOVERNMENT AGENCY OBLIGATIONS: (continued)
			Federal Home Loan Mortgage Corporation: (continued)
	58,902		6.000%, due 02/01/34	$	67,402		0.0
	2,569,674	^	6.044%, due 11/15/32		493,134		0.2
	1,243,115	^	6.393%, due 08/15/28		105,661		0.1
	2,511		6.500%, due 04/01/18		2,581		0.0
	14,477		6.500%, due 02/01/22		16,559		0.0
	20,071		6.500%, due 09/01/22		22,959		0.0
	56,179		6.500%, due 04/15/28		62,872		0.0
	11,581		6.500%, due 06/15/31		13,018		0.0
	96,751		6.500%, due 02/15/32		111,264		0.1
	69,466		6.500%, due 06/15/32		80,030		0.0
	5,280		6.500%, due 08/01/32		6,213		0.0
	10,686		6.500%, due 07/01/34		12,228		0.0
	7,493		6.500%, due 07/01/34		8,571		0.0
	57,562		6.750%, due 02/15/24		63,885		0.0
	102,831		7.000%, due 09/15/26		115,996		0.1
	17,286	^	7.000%, due 03/15/28		4,232		0.0
	93,469	^	7.000%, due 04/15/28		23,000		0.0
	155,628	^	7.444%, due 03/15/29		36,054		0.0
	147,071	^	7.494%, due 03/15/29		29,085		0.0
	87,282		7.500%, due 09/15/22		97,172		0.1
	101,530		8.000%, due 05/15/35		117,455		0.1
	213,701	^	8.744%, due 08/15/29		56,582		0.0
	9,092		23.626%, due 06/15/34		10,133		0.0
	28,744		23.993%, due 08/15/35		47,490		0.0
					19,924,569		8.0
			Federal National Mortgage Association: 9.7%##
	8,590		0.594%, due 11/25/33		8,651		0.0
	9,065		0.713%, due 10/18/32		9,184		0.0
	13,982		1.194%, due 04/25/32		14,369		0.0
	4,302		1.194%, due 04/25/32		4,422		0.0
	41,902		1.194%, due 09/25/32		43,032		0.0
	41,907		1.194%, due 12/25/32		43,037		0.0
	304,590		2.420%, due 10/01/36		323,964		0.1
	468,000	W	2.500%, due 07/25/27		477,148		0.2
	97,315		2.500%, due 06/01/30		99,358		0.1
	145,801		2.500%, due 06/01/30		148,863		0.1
	58,597		2.500%, due 07/01/30		59,828		0.0
	2,352,257	^	3.000%, due 06/25/33		366,602		0.2
	1,501,000	W	3.000%, due 06/25/42		1,521,287		0.6
	1,081,561		3.000%, due 07/01/43		1,099,716		0.4
	3,749,373		3.000%, due 07/01/43		3,818,076		1.5
	1,256,235	^	3.500%, due 08/25/33		168,449		0.1
	767,427	^	3.500%, due 08/25/43		151,412		0.1
	2,713,875	^	3.856%, due 02/25/37		54,249		0.0
	2,356,524	^	4.000%, due 06/25/42		384,951		0.2
	1,557,000	W	4.000%, due 10/01/44		1,660,942		0.7
	152,424		4.500%, due 08/25/25		163,062		0.1
	4,022,453		4.500%, due 05/01/44		4,369,829		1.8
	2,137,081	^	5.000%, due 05/25/18		88,125		0.0
	297,378		5.000%, due 07/25/40		318,559		0.1
	133,926		5.000%, due 06/01/41		148,029		0.1
	17,755		5.500%, due 09/01/19		18,736		0.0
	15,022		5.500%, due 09/01/19		15,852		0.0
	46,552		5.500%, due 09/01/24		51,978		0.0
	75,543	^	5.500%, due 07/25/33		15,949		0.0
	30,705	^	5.500%, due 06/01/35		6,269		0.0
	3,203,101	^	5.746%, due 01/25/38		596,963		0.2
	5,736,980	^	5.756%, due 09/25/41		993,713		0.4
	4,831,891	^	5.786%, due 11/25/41		850,604		0.4
	3,420,055	^	5.906%, due 01/25/43		874,596		0.4
	6,315		6.000%, due 03/25/17		6,493		0.0
	13,571		6.000%, due 06/01/17		13,972		0.0
	9,660		6.000%, due 05/01/21		10,241		0.0
	31,765		6.000%, due 01/25/32		36,091		0.0
	138,157	^	6.000%, due 12/01/32		30,773		0.0
	59,984	^	6.000%, due 02/01/33		11,821		0.0
	68,652	^	6.000%, due 03/01/33		15,490		0.0
	58,430	^	6.000%, due 03/01/33		14,136		0.0
	174,588		6.000%, due 11/01/34		198,142		0.1
	267,523		6.000%, due 04/01/35		303,575		0.1
	33,387	^	6.000%, due 09/01/35		6,717		0.0
	4,588,620	^	6.256%, due 02/25/42		780,991		0.3
	143,615	^	6.346%, due 06/25/37		24,049		0.0
	463,392	^	6.376%, due 06/25/36		85,626		0.0
	22,876		6.500%, due 04/25/29		26,192		0.0
	31,927		6.500%, due 11/25/29		36,326		0.0
	116,916		6.500%, due 12/01/29		134,467		0.1
	36,855		6.500%, due 10/25/31		41,333		0.0
	237,797	^	6.500%, due 02/01/32		55,238		0.0
	35,579		6.500%, due 04/25/32		40,641		0.0
	48,025		6.500%, due 01/01/34		55,571		0.0
	26,755	^	6.556%, due 05/25/35		5,221		0.0
	38,589	^	6.906%, due 06/25/23		4,854		0.0
	153		7.000%, due 11/01/17		155		0.0
	42,310	^	7.000%, due 02/01/28		9,707		0.0
	51,782	^	7.000%, due 03/25/33		15,113		0.0
	1,125		7.000%, due 04/01/33		1,319		0.0
	40,521	^	7.000%, due 04/25/33		10,468		0.0
	133,151	^	7.036%, due 09/25/36		25,495		0.0
	226,076	^	7.356%, due 10/25/33		43,836		0.0
	105,942	^	7.436%, due 03/25/23		4,292		0.0
	59,777	^	7.500%, due 01/01/24		11,992		0.0
	33,010		7.500%, due 09/01/32		41,749		0.0
	81,772		7.500%, due 01/01/33		99,571		0.1
	142,004	^	7.556%, due 07/25/31		33,746		0.0
	80,181	^	7.556%, due 02/25/32		16,485		0.0
	49,008	^	7.756%, due 07/25/32		11,483		0.0
	1,625,644	^	7.787%, due 12/18/32		363,947		0.2
	263,061		8.000%, due 05/25/43		304,619		0.1
	157,625		23.122%, due 10/25/35		273,808		0.1
	125,535		23.225%, due 07/25/35		217,463		0.1
	82,158		23.488%, due 06/25/36		128,117		0.1
	28,368		23.856%, due 03/25/36		48,221		0.0
	248,774		24.035%, due 10/25/40		593,533		0.2
	56,694		27.307%, due 04/25/35		98,560		0.0
	521,952		32.481%, due 11/25/36		960,910		0.4
					24,222,353		9.7
			Government National Mortgage Association: 1.6%
	280,000		3.500%, due 07/20/42		292,753		0.1
	217,851		3.500%, due 06/20/45		228,702		0.1
	9,192,424	^	4.000%, due 04/20/38		668,265		0.3
	74,406		5.000%, due 04/15/34		83,003		0.0
	4,811,577	^	5.634%, due 06/20/40		745,908		0.3
	2,799,710	^	6.491%, due 07/16/41		597,797		0.2
	25,836		6.500%, due 02/20/35		31,538		0.0
	261,925		8.000%, due 02/16/30		305,078		0.1
	717,455		21.348%, due 03/20/37		1,161,056		0.5
					4,114,100		1.6
		Total U.S. Government Agency Obligations (Cost $45,798,515)			48,261,022		19.3

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
ASSET-BACKED SECURITIES: 3.3%
			Cayman Islands: 2.9%
	740,000	#	Ares XII CLO Ltd. 2007-12A C, 2.329%, 11/25/20	$	729,798		0.3
	950,000	#	Black Diamond CLO 2005-1A C, 1.115%, 06/20/17		945,346		0.3
	1,000,000	#	Bluemountain CLO III Ltd. 2007-3A C, 1.024%, 03/17/21		965,708		0.4
	1,000,000	#	ColumbusNova CLO IV Ltd 2007-2A C, 2.539%, 10/15/21		971,506		0.4
	500,000	#	ColumbusNova CLO Ltd 2006-2A E, 4.061%, 04/04/18		491,145		0.2
	1,300,000	#	Madison Park Funding Ltd., 1.295%, 07/26/21		1,238,285		0.5
	1,550,000	#	Muir Grove CLO Ltd. 2007-1A B, 2.295%, 03/25/20		1,504,962		0.6
	500,000	#	Northwoods Capital VIII Ltd., 2.294%, 07/28/22		498,315		0.2
					7,345,065		2.9
			United States: 0.4%
	453,201		Citigroup Mortgage Loan Trust 2006-WF1 A2E, 5.380%, 03/25/36		331,032		0.1
	723,589		Securitized Asset Backed Receivables LLC Trust 2006-NC2 A3, 0.434%, 03/25/36		640,354		0.3
					971,386		0.4
		Total Asset-Backed Securities (Cost $8,374,081)			8,316,451		3.3

Shares				Value		Percentage of Net Assets
COMMON STOCK: 0.0%
			United States: 0.0%
	43,083	@,L	American Media, Inc.		–		–
	4,988	@,L	Resolute Forest Products		41,450		0.0
	102		WestRock Co.		5,247		0.0
		Total Common Stock (Cost $1,304,494)			46,697		0.0
MUTUAL FUNDS: 24.2%
			United States: 24.2%
	1,069,876		Voya Emerging Markets Corporate Debt Fund - Class P		10,046,139		4.0
	1,667,302		Voya Emerging Markets Hard Currency Debt Fund - Class P		14,989,045		6.0
	2,919,202		Voya Emerging Markets Local Currency Debt Fund - Class P		19,996,532		8.0
	2,020,138		Voya High Yield Bond Fund - Class P		15,534,859		6.2
		Total Mutual Funds (Cost $73,409,318)			60,566,575		24.2
WARRANTS: –%
			United States: –%
	2,406	@	Media News Group		–		–
		Total Warrants (Cost $–)			–		–

# of Contracts				Value		Percentage of Net Assets
PURCHASED OPTIONS: 0.4%
			Exchange Traded Options: 0.0%
	524	@	Call on 90-Day Eurodollar, Strike @ 99.500, Exp. 12/14/15		131,000		0.0
			OTC Interest Rate Swaptions: 0.4%
	75,200,000	@	Receive a fixed rate equal to 2.905% and pay a floating rate based on the 3-month USD-LIBOR-BBA, Exp. 11/13/15 Counterparty: JPMorgan Chase & Co.		833,015		0.4
	75,200,000	@	Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.773%, Exp. 11/12/15 Counterparty: Morgan Stanley		65,749		0.0
					898,764		0.4
		Total Purchased Options (Cost $1,313,926)			1,029,764		0.4
		Total Long-Term Investments (Cost $266,406,934)			254,250,146		101.5

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 2.5%
		Securities Lending Collateralcc: 0.4%
	8,291	Barclays Capital, Inc., Repurchase Agreement dated 09/30/15, 0.09%, due 10/01/15 (Repurchase Amount $8,291, collateralized by various U.S. Government Securities, 0.000%-4.500%, Market Value plus accrued interest $8,457, due 10/15/15-08/15/45)		8,291		0.0

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: (continued)
		Securities Lending Collateralcc (continued)
	1,000,000	Millenium Fixed Income Ltd., Repurchase Agreement dated 09/30/15, 0.15%, due 10/01/15 (Repurchase Amount $1,000,004, collateralized by various U.S. Government Securities, 1.500%-3.625%, Market Value plus accrued interest $1,020,000, due 11/30/19-02/15/44)	$	1,000,000		0.4
				1,008,291		0.4

Shares				Value			Percentage of Net Assets
			Mutual Funds: 2.1%
	5,300,000		BlackRock Liquidity Funds, TempFund, Institutional Class, 0.110%††
			(Cost $5,300,000)		5,300,000			2.1
		Total Short-Term Investments (Cost $6,308,291)			6,308,291			2.5
		Total Investments in Securities (Cost $272,715,225)		$	260,558,437			104.0
		Liabilities in Excess of Other Assets			(9,980,914	)		(4.0	)
		Net Assets		$	250,577,523			100.0

†	Unless otherwise indicated, principal amount is shown in USD.
††	Rate shown is the 7-day yield as of September 30, 2015.
#	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.
##	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.
@	Non-income producing security.
cc	Represents securities purchased with cash collateral received for securities on loan.
W	Settlement is on a when-issued or delayed-delivery basis.
L	Loaned security, a portion or all of the security is on loan at September 30, 2015.
±	Defaulted security
^	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.
Z	Indicates Zero Coupon Bond; rate shown reflects current effective yield.

BRL	Brazilian Real
EUR	EU Euro
MXN	Mexican Peso
RUB	Russian Ruble
ZAR	South African Rand
	Cost for federal income tax purposes is $272,307,939.
	Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	5,834,095
Gross Unrealized Depreciation		(17,583,597	)
Net Unrealized Depreciation	$	(11,749,502	)

Sector Diversification	Percentage of Net Assets
Affiliated Investment Companies		24.2	%
U.S. Government Agency Obligations		19.3
Collateralized Mortgage Obligations		14.9
U.S. Treasury Obligations		8.9
Financial		7.7
Foreign Government Bonds		6.5
Communications		4.4
Consumer, Non-cyclical		4.1
Other Asset-Backed Securities		3.3
Energy		1.8
Utilities		1.4
Technology		1.4
Basic Materials		1.1
Industrial		1.1
Consumer, Cyclical		1.0
Purchased Options		0.4
Structured Products		0.0
Exchange Traded Options		0.0
Materials		0.0
Consumer Discretionary		0.0
Short-Term Investments		2.5
Liabilities in Excess of Other Assets		(4.0	)
Net Assets		100.0	%

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited) (Continued)

	Quoted Prices in Active Markets for Identical Investments (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Common Stock
United States	$	46,697		$	–		$	–	$	46,697
Total Common Stock		46,697			–			–		46,697
Mutual Funds		60,566,575			–			–		60,566,575
Warrants		–			–			–		–
Purchased Options		131,000			898,764			–		1,029,764
Corporate Bonds/Notes		–			60,028,647			13,571		60,042,218
Collateralized Mortgage Obligations		–			37,445,591			–		37,445,591
Structured Products		–			–			43,873		43,873
Short-Term Investments		5,300,000			1,008,291			–		6,308,291
U.S. Government Agency Obligations		–			48,261,022			–		48,261,022
Asset-Backed Securities		–			8,316,451			–		8,316,451
U.S. Treasury Obligations		–			22,197,500			–		22,197,500
Foreign Government Bonds		–			16,300,455			–		16,300,455
Total Investments, at fair value	$	66,044,272		$	194,456,721		$	57,444	$	260,558,437
Other Financial Instruments+
Centrally Cleared Swaps		–			20,449,559			–		20,449,559
Forward Foreign Currency Contracts		–			5,341,266			–		5,341,266
Futures		1,073,560			–			–		1,073,560
Total Assets	$	67,117,832		$	220,247,546		$	57,444	$	287,422,822
Liabilities Table
Other Financial Instruments+
Centrally Cleared Swaps	$	–		$	(23,355,467	)	$	–	$	(23,355,467	)
Forward Foreign Currency Contracts		–			(3,630,033	)		–		(3,630,033	)
Futures		(395,782	)		–			–		(395,782	)
Written Options		(304,575	)		(2,012,953	)		–		(2,317,528	)
Total Liabilities	$	(700,357	)	$	(28,998,453	)	$	–	$	(29,698,810	)

+ Other Financial Instruments are derivatives not reflected in the portfolio of investments and may include open forward foreign currency contracts, futures, centrally cleared swaps, OTC swaps and written options. Forward foreign currency contracts, futures and centrally cleared swaps are valued at the unrealized gain (loss) on the instrument.  OTC swaps and written options are valued at the fair value of the instrument.

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Corporate Debt Fund - Class P	$	13,690,107	$	426,263	$	(3,823,917	)	$	(246,314	)	$	10,046,139	$	426,263	$	(73,918	)	$	-
Voya Emerging Markets Hard Currency Debt Fund - Class P		32,119,888		853,267		(18,442,930	)		458,820			14,989,045		853,267		(1,188,929	)		-
Voya Emerging Markets Local Currency Debt Fund - Class P		31,847,994		-		(10,969,388	)		(882,074	)		19,996,532		-		(2,369,388	)		-
Voya High Yield Bond Fund - Class P		16,162,281		745,903		(679,963	)		(693,362	)		15,534,859		742,344		(4,963	)		-
	$	93,820,270	$	2,025,433	$	(33,916,198	)	$	(1,362,930	)	$	60,566,575	$	2,021,874	$	(3,637,198	)	$	-

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

At September 30, 2015, the following forward foreign currency contracts were outstanding for Voya Global Bond Portfolio:

Counterparty	Currency	Contract Amount		Buy/Sell	Settlement Date	In Exchange For		Fair Value		Unrealized Appreciation (Depreciation)
Barclays Bank PLC	Canadian Dollar		1,415,823	Buy	11/06/15	$	1,073,000	$	1,060,749	$	(12,251	)
Barclays Bank PLC	British Pound		532,757	Buy	11/06/15		820,000		805,793		(14,207	)
BNP Paribas Bank	EU Euro		109,350	Buy	11/06/15		121,707		122,254		547
Citigroup, Inc.	Mexican Peso		26,926,800	Buy	10/21/15		1,624,200		1,590,203		(33,997	)
Citigroup, Inc.	Norwegian Krone		4,097,669	Buy	11/06/15		500,000		481,050		(18,950	)
Citigroup, Inc.	Swedish Krona		2,886,790	Buy	11/06/15		348,000		345,174		(2,826	)
Citigroup, Inc.	Australian Dollar		1,025,709	Buy	11/06/15		717,000		718,550		1,550
Citigroup, Inc.	Norwegian Krone		8,601,561	Buy	11/06/15		1,046,000		1,009,790		(36,210	)
Citigroup, Inc.	Swedish Krona		24,173,555	Buy	11/06/15		2,881,000		2,890,437		9,437
Citigroup, Inc.	New Zealand Dollar		958,510	Buy	11/06/15		608,000		611,166		3,166
Citigroup, Inc.	Swedish Krona		13,098,334	Buy	11/06/15		1,561,000		1,566,171		5,171
Citigroup, Inc.	Swiss Franc		861,960	Buy	11/06/15		889,000		885,500		(3,500	)
Citigroup, Inc.	Norwegian Krone		5,492,771	Buy	11/06/15		666,000		644,830		(21,170	)
Citigroup, Inc.	Canadian Dollar		521,634	Buy	11/06/15		399,000		390,814		(8,186	)
Citigroup, Inc.	Australian Dollar		3,071,526	Buy	11/06/15		2,254,303		2,151,725		(102,578	)
Citigroup, Inc.	Australian Dollar		2,403,342	Buy	11/06/15		1,761,253		1,683,636		(77,617	)
Citigroup, Inc.	EU Euro		389,746	Buy	11/06/15		430,000		435,740		5,740
Citigroup, Inc.	British Pound		13,419,614	Buy	11/06/15		20,774,104		20,297,125		(476,979	)
Citigroup, Inc.	Hong Kong Sar Dollar		762,813	Buy	11/06/15		98,391		98,425		34
Citigroup, Inc.	Israeli New Shekel		2,615,982	Buy	12/18/15		666,494		667,589		1,095

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited) (Continued)

Counterparty	Currency	Contract Amount		Buy/Sell	Settlement Date	In Exchange For		Fair Value		Unrealized Appreciation (Depreciation)
Deutsche Bank AG	Australian Dollar		2,965,381	Buy	11/06/15	$	2,095,000	$	2,077,366	$	(17,634	)
Deutsche Bank AG	Australian Dollar		7,927,572	Buy	11/06/15		5,548,000		5,553,577		5,577
Deutsche Bank AG	Norwegian Krone		8,824,432	Buy	11/06/15		1,071,000		1,035,954		(35,046	)
Deutsche Bank AG	EU Euro		955,903	Buy	11/06/15		1,065,000		1,068,709		3,709
Deutsche Bank AG	EU Euro		681,955	Buy	11/06/15		764,000		762,433		(1,567	)
Deutsche Bank AG	Swiss Franc		1,245,529	Buy	11/06/15		1,300,000		1,279,543		(20,457	)
Deutsche Bank AG	EU Euro		1,995,291	Buy	11/06/15		2,282,000		2,230,754		(51,246	)
Deutsche Bank AG	Norwegian Krone		6,216,864	Buy	11/06/15		769,000		729,835		(39,165	)
Deutsche Bank AG	Swiss Franc		691,128	Buy	11/06/15		711,000		710,003		(997	)
Deutsche Bank AG	EU Euro		11,518,067	Buy	11/06/15		13,387,000		12,877,310		(509,690	)
Deutsche Bank AG	Australian Dollar		1,133,317	Buy	11/06/15		824,000		793,934		(30,066	)
Goldman Sachs & Co.	Mexican Peso		26,918,679	Buy	10/21/15		1,624,200		1,589,724		(34,476	)
Goldman Sachs & Co.	Canadian Dollar		703,660	Buy	11/06/15		534,000		527,190		(6,810	)
Goldman Sachs & Co.	New Zealand Dollar		958,432	Buy	11/06/15		607,000		611,116		4,116
Goldman Sachs & Co.	Swiss Franc		1,365,279	Buy	11/06/15		1,406,000		1,402,564		(3,436	)
Goldman Sachs & Co.	EU Euro		541,983	Buy	11/06/15		607,000		605,942		(1,058	)
Goldman Sachs & Co.	Norwegian Krone		8,962,945	Buy	11/06/15		1,088,000		1,052,215		(35,785	)
Goldman Sachs & Co.	Swiss Franc		1,433,298	Buy	11/06/15		1,497,000		1,472,440		(24,560	)
Goldman Sachs & Co.	New Zealand Dollar		704,388	Buy	11/06/15		463,955		449,133		(14,822	)
Goldman Sachs & Co.	Singapore Dollar		648,988	Buy	11/06/15		466,861		455,493		(11,368	)
Goldman Sachs & Co.	Czech Koruna		11,239,058	Buy	12/18/15		465,320		463,072		(2,248	)
JPMorgan Chase & Co.	Mexican Peso		26,938,981	Buy	10/21/15		1,624,200		1,590,923		(33,277	)
JPMorgan Chase & Co.	Japanese Yen		732,078,203	Buy	11/06/15		6,143,000		6,105,062		(37,938	)
JPMorgan Chase & Co.	Japanese Yen		1,086,122,620	Buy	11/06/15		9,149,000		9,057,564		(91,436	)
JPMorgan Chase & Co.	New Zealand Dollar		1,240,857	Buy	11/06/15		790,000		791,196		1,196
JPMorgan Chase & Co.	New Zealand Dollar		1,356,039	Buy	11/06/15		857,000		864,639		7,639
JPMorgan Chase & Co.	Swiss Franc		1,171,438	Buy	11/06/15		1,220,000		1,203,430		(16,570	)
JPMorgan Chase & Co.	Australian Dollar		1,419,232	Buy	11/06/15		1,015,000		994,228		(20,772	)
JPMorgan Chase & Co.	Swiss Franc		1,401,073	Buy	11/06/15		1,455,000		1,439,335		(15,665	)
JPMorgan Chase & Co.	Norwegian Krone		7,530,790	Buy	11/06/15		906,000		884,085		(21,915	)
JPMorgan Chase & Co.	Norwegian Krone		5,500,440	Buy	11/06/15		655,000		645,730		(9,270	)
JPMorgan Chase & Co.	Canadian Dollar		2,488,812	Buy	11/06/15		1,865,000		1,864,644		(356	)
JPMorgan Chase & Co.	British Pound		636,694	Buy	11/06/15		999,000		962,997		(36,003	)
JPMorgan Chase & Co.	EU Euro		2,396,277	Buy	11/06/15		2,773,000		2,679,061		(93,939	)
JPMorgan Chase & Co.	EU Euro		2,216,121	Buy	11/06/15		2,569,000		2,477,645		(91,355	)
JPMorgan Chase & Co.	EU Euro		1,019,598	Buy	11/06/15		1,145,000		1,139,921		(5,079	)
JPMorgan Chase & Co.	British Pound		1,028,226	Buy	11/06/15		1,613,000		1,555,189		(57,811	)
JPMorgan Chase & Co.	Canadian Dollar		2,183,600	Buy	11/06/15		1,668,000		1,635,976		(32,024	)
JPMorgan Chase & Co.	Australian Dollar		882,724	Buy	11/06/15		647,000		618,383		(28,617	)
JPMorgan Chase & Co.	Swiss Franc		1,764,437	Buy	11/06/15		1,810,000		1,812,623		2,623
JPMorgan Chase & Co.	Norwegian Krone		4,239,635	Buy	11/06/15		515,000		497,717		(17,283	)
JPMorgan Chase & Co.	Canadian Dollar		7,420,635	Buy	11/06/15		5,713,707		5,559,618		(154,089	)
JPMorgan Chase & Co.	Canadian Dollar		1,856,696	Buy	11/06/15		1,428,000		1,391,056		(36,944	)
JPMorgan Chase & Co.	Japanese Yen		2,963,006,394	Buy	11/06/15		23,950,649		24,709,568		758,919

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited) (Continued)

Counterparty	Currency	Contract Amount		Buy/Sell	Settlement Date	In Exchange For		Fair Value		Unrealized Appreciation (Depreciation)
JPMorgan Chase & Co.	Norwegian Krone		35,225,778	Buy	11/06/15	$	4,320,422	$	4,135,368	$	(185,054	)
JPMorgan Chase & Co.	Swedish Krona		1,742,420	Buy	11/06/15		203,771		208,342		4,571
JPMorgan Chase & Co.	Australian Dollar		2,030,208	Buy	11/06/15		1,498,000		1,422,241		(75,759	)
JPMorgan Chase & Co.	Canadian Dollar		5,445,625	Buy	11/06/15		4,142,140		4,079,920		(62,220	)
JPMorgan Chase & Co.	Japanese Yen		1,937,179,355	Buy	11/06/15		15,561,766		16,154,830		593,064
JPMorgan Chase & Co.	South Korean Won		3,481,708,496	Buy	11/06/15		2,982,958		2,933,308		(49,650	)
JPMorgan Chase & Co.	Swiss Franc		992,856	Buy	11/06/15		1,026,000		1,019,970		(6,030	)
JPMorgan Chase & Co.	Canadian Dollar		1,615,429	Buy	11/06/15		1,223,000		1,210,296		(12,704	)
JPMorgan Chase & Co.	Australian Dollar		935,741	Buy	11/06/15		654,000		655,523		1,523
JPMorgan Chase & Co.	Norwegian Krone		10,107,315	Buy	11/06/15		1,221,000		1,186,559		(34,441	)
Morgan Stanley	Japanese Yen		36,493,681	Buy	11/06/15		303,000		304,334		1,334
Morgan Stanley	British Pound		329,946	Buy	11/06/15		501,000		499,043		(1,957	)
Morgan Stanley	New Zealand Dollar		899,849	Buy	11/06/15		564,000		573,762		9,762
Morgan Stanley	Mexican Peso		61,047,954	Buy	12/18/15		3,599,067		3,588,618		(10,449	)
Morgan Stanley	EU Euro		560,904	Buy	11/06/15		630,000		627,096		(2,904	)
Morgan Stanley	New Zealand Dollar		1,751,322	Buy	11/06/15		1,090,000		1,116,679		26,679
Morgan Stanley	Australian Dollar		1,090,532	Buy	11/06/15		780,000		763,961		(16,039	)
Morgan Stanley	EU Euro		438,392	Buy	11/06/15		499,000		490,127		(8,873	)
Morgan Stanley	EU Euro		3,885,526	Buy	11/06/15		4,398,266		4,344,056		(54,210	)
Morgan Stanley	New Zealand Dollar		2,872,733	Buy	11/06/15		1,850,000		1,831,714		(18,286	)
Morgan Stanley	British Pound		981,032	Buy	11/06/15		1,517,000		1,483,808		(33,192	)
Morgan Stanley	British Pound		2,970,861	Buy	11/06/15		4,675,000		4,493,419		(181,581	)
Morgan Stanley	Norwegian Krone		12,610,091	Buy	11/06/15		1,533,000		1,480,375		(52,625	)
Morgan Stanley	British Pound		218,590	Buy	11/06/15		341,000		330,616		(10,384	)
Morgan Stanley	Canadian Dollar		1,402,019	Buy	11/06/15		1,069,000		1,050,407		(18,593	)
Morgan Stanley	Swiss Franc		5,236,561	Buy	11/06/15		5,333,231		5,379,568		46,337
Morgan Stanley	Danish Krone		6,741,468	Buy	11/06/15		991,895		1,010,426		18,531
Morgan Stanley	EU Euro		70,938,344	Buy	11/06/15		77,827,386		79,309,755		1,482,369
										$	(289,507	)
Barclays Bank PLC	British Pound		702,042	Sell	11/06/15	$	1,083,000	$	1,061,836	$	21,164
Barclays Bank PLC	Swiss Franc		1,390,977	Sell	11/06/15		1,433,000		1,428,964		4,036
Barclays Bank PLC	Norwegian Krone		7,480,643	Sell	11/06/15		902,000		878,198		23,802
Barclays Bank PLC	Norwegian Krone		9,897,983	Sell	11/06/15		1,193,000		1,161,985		31,015
Barclays Bank PLC	Philippine Peso		28,280,482	Sell	11/06/15		612,928		603,854		9,074
Citigroup, Inc.	Australian Dollar		765,735	Sell	11/06/15		540,000		536,428		3,572
Citigroup, Inc.	EU Euro		1,112,337	Sell	11/06/15		1,262,000		1,243,604		18,396
Citigroup, Inc.	EU Euro		322,915	Sell	11/06/15		362,000		361,022		978
Citigroup, Inc.	British Pound		841,055	Sell	11/06/15		1,292,000		1,272,093		19,907
Citigroup, Inc.	Mexican Peso		13,893,796	Sell	10/21/15		812,100		820,519		(8,419	)
Citigroup, Inc.	Mexican Peso		13,907,213	Sell	10/21/15		812,100		821,312		(9,212	)
Citigroup, Inc.	Canadian Dollar		933,747	Sell	11/06/15		704,000		699,573		4,427
Citigroup, Inc.	Norwegian Krone		4,419,662	Sell	11/06/15		537,000		518,851		18,149
Citigroup, Inc.	New Zealand Dollar		1,340,306	Sell	11/06/15		849,000		854,607		(5,607	)
Citigroup, Inc.	Swedish Krona		12,575,983	Sell	11/06/15		1,490,000		1,503,713		(13,713	)
Citigroup, Inc.	Norwegian Krone		3,698,209	Sell	11/06/15		445,000		434,155		10,845
Citigroup, Inc.	Swedish Krona		6,629,147	Sell	11/06/15		783,000		792,649		(9,649	)
Citigroup, Inc.	British Pound		494,080	Sell	11/06/15		762,000		747,295		14,705
Citigroup, Inc.	Canadian Dollar		2,360,180	Sell	11/06/15		1,804,000		1,768,272		35,728
Citigroup, Inc.	EU Euro		600,983	Sell	11/06/15		670,000		671,904		(1,904	)
Citigroup, Inc.	British Pound		2,217,268	Sell	11/06/15		3,466,078		3,353,612		112,466
Citigroup, Inc.	Thai Baht		27,099,373	Sell	11/06/15		764,159		745,662		18,497
Citigroup, Inc.	Norwegian Krone		5,560,946	Sell	11/06/15		677,000		652,833		24,167
Deutsche Bank AG	Swiss Franc		2,738,783	Sell	11/06/15		2,803,000		2,813,578		(10,578	)
Deutsche Bank AG	EU Euro		1,302,059	Sell	11/06/15		1,460,000		1,455,714		4,286
Deutsche Bank AG	British Pound		1,991,088	Sell	11/06/15		3,064,000		3,011,515		52,485
Deutsche Bank AG	British Pound		1,337,716	Sell	11/06/15		2,040,000		2,023,292		16,708

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited) (Continued)

Counterparty	Currency	Contract Amount		Buy/Sell	Settlement Date	In Exchange For		Fair Value		Unrealized Appreciation (Depreciation)
Deutsche Bank AG	British Pound		486,729	Sell	11/06/15	$	742,000	$	736,176	$	5,824
Deutsche Bank AG	Norwegian Krone		9,566,987	Sell	11/06/15		1,129,000		1,123,127		5,873
Deutsche Bank AG	British Pound		1,635,929	Sell	11/06/15		2,549,000		2,474,338		74,662
Deutsche Bank AG	British Pound		467,481	Sell	11/06/15		717,000		707,064		9,936
Deutsche Bank AG	EU Euro		934,507	Sell	11/06/15		1,053,000		1,044,788		8,212
Deutsche Bank AG	EU Euro		552,033	Sell	11/06/15		627,000		617,179		9,821
Deutsche Bank AG	Romanian New Leu		1,620,684	Sell	12/18/15		406,133		409,273		(3,140	)
Goldman Sachs & Co.	Swedish Krona		12,529,711	Sell	11/06/15		1,483,000		1,498,180		(15,180	)
Goldman Sachs & Co.	Canadian Dollar		1,608,345	Sell	11/06/15		1,216,000		1,204,989		11,011
Goldman Sachs & Co.	EU Euro		1,480,614	Sell	11/06/15		1,708,000		1,655,341		52,659
Goldman Sachs & Co.	Canadian Dollar		4,870,258	Sell	11/06/15		3,679,000		3,648,848		30,152
Goldman Sachs & Co.	Swedish Krona		6,838,584	Sell	11/06/15		826,000		817,691		8,309
Goldman Sachs & Co.	Chilean Peso		184,927,455	Sell	12/18/15		265,494		263,741		1,753
Goldman Sachs & Co.	Turkish Lira		4,504,188	Sell	12/18/15		1,462,261		1,452,849		9,412
HSBC Bank PLC	Thai Baht		26,958,750	Sell	01/15/16		750,000		739,931		10,069
HSBC Bank PLC	Malaysian Ringgit		6,307,909	Sell	11/06/15		1,572,731		1,435,547		137,184
HSBC Bank PLC	Colombian Peso		2,961,027,253	Sell	12/18/15		945,411		950,105		(4,694	)
HSBC Bank PLC	Peruvian Nuevo Sol		2,756,217	Sell	12/18/15		831,814		833,057		(1,243	)
JPMorgan Chase & Co.	Mexican Peso		13,907,862	Sell	10/21/15		812,100		821,350		(9,250	)
JPMorgan Chase & Co.	Mexican Peso		13,914,765	Sell	10/21/15		812,100		821,758		(9,658	)
JPMorgan Chase & Co.	Mexican Peso		27,832,639	Sell	10/21/15		1,624,200		1,643,699		(19,499	)
JPMorgan Chase & Co.	Australian Dollar		6,792,811	Sell	11/06/15		4,738,000		4,758,633		(20,633	)
JPMorgan Chase & Co.	Canadian Dollar		3,740,301	Sell	11/06/15		2,802,000		2,802,273		(273	)
JPMorgan Chase & Co.	British Pound		364,803	Sell	11/06/15		556,000		551,763		4,237
JPMorgan Chase & Co.	Australian Dollar		2,020,688	Sell	11/06/15		1,429,000		1,415,572		13,428
JPMorgan Chase & Co.	British Pound		336,048	Sell	11/06/15		521,000		508,272		12,728
JPMorgan Chase & Co.	Canadian Dollar		1,689,689	Sell	11/06/15		1,276,000		1,265,933		10,067
JPMorgan Chase & Co.	Norwegian Krone		4,015,528	Sell	11/06/15		486,000		471,407		14,593
JPMorgan Chase & Co.	New Zealand Dollar		1,147,217	Sell	11/06/15		737,000		731,489		5,511
JPMorgan Chase & Co.	Australian Dollar		1,320,620	Sell	11/06/15		943,000		925,147		17,853
JPMorgan Chase & Co.	Japanese Yen		318,954,623	Sell	11/06/15		2,643,000		2,659,876		(16,876	)
JPMorgan Chase & Co.	Australian Dollar		1,695,015	Sell	11/06/15		1,199,000		1,187,425		11,575
JPMorgan Chase & Co.	Swiss Franc		524,827	Sell	11/06/15		552,000		539,159		12,841
JPMorgan Chase & Co.	EU Euro		11,167,284	Sell	11/06/15		12,858,000		12,485,132		372,868
JPMorgan Chase & Co.	Swiss Franc		1,528,226	Sell	11/06/15		1,631,000		1,569,961		61,039
JPMorgan Chase & Co.	New Zealand Dollar		1,186,366	Sell	11/06/15		769,000		756,451		12,549
JPMorgan Chase & Co.	Australian Dollar		3,764,138	Sell	11/06/15		2,697,000		2,636,927		60,073
JPMorgan Chase & Co.	Norwegian Krone		24,520,128	Sell	11/06/15		2,983,000		2,878,567		104,433
JPMorgan Chase & Co.	Australian Dollar		2,788,772	Sell	11/06/15		2,039,000		1,953,645		85,355
JPMorgan Chase & Co.	EU Euro		1,895,533	Sell	11/06/15		2,111,000		2,119,225		(8,225	)
JPMorgan Chase & Co.	Japanese Yen		230,279,741	Sell	11/06/15		1,853,000		1,920,385		(67,385	)
JPMorgan Chase & Co.	Swiss Franc		6,690,094	Sell	11/06/15		6,920,500		6,872,797		47,703

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited) (Continued)

Counterparty	Currency	Contract Amount		Buy/Sell	Settlement Date	In Exchange For		Fair Value		Unrealized Appreciation (Depreciation)
JPMorgan Chase & Co.	Swedish Krona		8,806,307	Sell	11/06/15	$	1,007,134	$	1,052,972	$	(45,838	)
JPMorgan Chase & Co.	Indonesian Rupiah		28,526,241,483	Sell	11/06/15		2,055,353		1,921,385		133,968
JPMorgan Chase & Co.	Brazilian Real		8,211,832	Sell	12/18/15		2,093,253		2,015,416		77,837
JPMorgan Chase & Co.	Russian Ruble		37,898,113	Sell	12/18/15		542,603		563,624		(21,021	)
JPMorgan Chase & Co.	Philippine Peso		49,767,000	Sell	12/04/15		1,060,000		1,060,317		(317	)
JPMorgan Chase & Co.	South Korean Won		2,575,240,200	Sell	01/15/16		2,171,000		2,165,538		5,462
JPMorgan Chase & Co.	New Zealand Dollar		1,186,286	Sell	11/06/15		771,000		756,400		14,600
JPMorgan Chase & Co.	New Zealand Dollar		2,103,000	Sell	11/06/15		1,383,000		1,340,917		42,083
Morgan Stanley	Canadian Dollar		883,380	Sell	11/06/15		667,000		661,838		5,162
Morgan Stanley	British Pound		1,066,199	Sell	11/06/15		1,646,000		1,612,623		33,377
Morgan Stanley	Australian Dollar		1,834,707	Sell	11/06/15		1,266,000		1,285,285		(19,285	)
Morgan Stanley	EU Euro		705,511	Sell	11/06/15		786,000		788,768		(2,768	)
Morgan Stanley	EU Euro		675,194	Sell	11/06/15		760,000		754,874		5,126
Morgan Stanley	Polish Zloty		6,414,415	Sell	12/18/15		1,686,907		1,684,090		2,817
Morgan Stanley	South African Rand		23,511,781	Sell	12/18/15		1,687,201		1,673,053		14,148
Morgan Stanley	Hungarian Forint		340,159,718	Sell	12/18/15		1,204,240		1,212,315		(8,075	)
Morgan Stanley	Australian Dollar		1,214,387	Sell	11/06/15		861,000		850,726		10,274
Morgan Stanley	EU Euro		6,756,689	Sell	11/06/15		7,588,212		7,554,044		34,168
Morgan Stanley	EU Euro		1,527,174	Sell	11/06/15		1,694,000		1,707,395		(13,395	)
Morgan Stanley	EU Euro		23,703,179	Sell	11/06/15		26,574,447		26,500,384		74,063
Morgan Stanley	New Zealand Dollar		3,168,123	Sell	11/06/15		2,070,489		2,020,061		50,428
Morgan Stanley	Norwegian Krone		46,350,148	Sell	11/06/15		5,618,253		5,441,326		176,927
										$	2,000,740

At September 30, 2015, 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	37	12/08/15	$	6,438,917		$	197,871
Australia 10-Year Bond	11	12/15/15		999,185			10,420
Australia 3-Year Bond	36	12/15/15		2,837,014			15,744
Canada 10-Year Bond	35	12/18/15		3,718,734			(54,639	)
Euro-Bobl 5-Year	171	12/08/15		24,652,677			147,505
Euro-Schatz	53	12/08/15		6,594,426			5,303
Long Gilt	50	12/29/15		9,005,370			150,036
Short Gilt	3	12/29/15		473,020			1,330
U.S. Treasury 10-Year Note	70	12/21/15		9,011,407			146,388
U.S. Treasury 2-Year Note	217	12/31/15		47,529,783			54,920
U.S. Treasury 5-Year Note	160	12/31/15		19,282,501			119,526
U.S. Treasury Long Bond	115	12/21/15		18,094,531			224,517
			$	148,637,565		$	1,018,921
Short Contracts
Euro-Bund	(78)	12/08/15		(13,613,154	)		(247,369	)
Japan 10-Year Bond (TSE)	(3)	12/14/15		(3,705,081	)		(14,594	)
U.S. Treasury Ultra Long Bond	(56)	12/21/15		(8,982,750	)		(79,180	)
			$	(26,300,985	)	$	(341,143	)

At September 30, 2015, the following centrally cleared interest rate swaps were outstanding for Voya Global Bond Portfolio:

	Clearinghouse	Termination Date	Notional Amount		Fair Value			Unrealized Appreciation/ (Depreciation)
Receive a fixed rate equal to 2.960% and pay a floating rate based on the 6-month CAD-BA-CDOR	Chicago Mercantile Exchange	11/21/44	CAD	1,000,000	$	86,673		$	92,761
Receive a fixed rate equal to 1.848% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	07/06/45	EUR	1,050,000		(93,464	)		(90,323	)

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited) (Continued)

	Clearinghouse	Termination Date	Notional Amount		Fair Value			Unrealized Appreciation/ (Depreciation)
Receive a fixed rate equal to 1.622% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	07/09/45	EUR	1,200,000	$	30,964		$	28,467
Receive a fixed rate equal to 1.488% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	08/05/45	EUR	2,000,000		(23,826	)		(24,503	)
Receive a floating rate based on the 6-month EUR-EURIBOR-Reuters and pay a fixed rate equal to 1.534%	Chicago Mercantile Exchange	08/06/45	EUR	1,300,000		(1,458	)		(587	)
Receive a fixed rate equal to 1.448% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	08/25/45	EUR	4,100,000		(94,877	)		(99,012	)
Receive a fixed rate equal to 1.409% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	08/26/45	EUR	1,900,000		(64,503	)		(67,192	)
Receive a fixed rate equal to 1.557% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	08/27/45	EUR	6,400,000		(47,803	)		(46,508	)
Receive a floating rate based on the 6-month EUR-EURIBOR-Reuters and pay a fixed rate equal to 1.615%	Chicago Mercantile Exchange	09/11/45	EUR	9,100,000		(217,154	)		(218,359	)
Receive a fixed rate equal to 1.682% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	09/18/45	EUR	11,100,000		472,602			475,384
Receive a floating rate based on the 6-month EUR-EURIBOR-Reuters and pay a fixed rate equal to 1.675%	Chicago Mercantile Exchange	09/21/45	EUR	1,600,000		(65,214	)		(65,556	)
Receive a fixed rate equal to 1.573% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	09/22/45	EUR	3,200,000		38,651			38,591
Receive a floating rate based on the 6-month EUR-EURIBOR-Reuters and pay a fixed rate equal to 1.612%	Chicago Mercantile Exchange	09/23/45	EUR	3,200,000		(73,299	)		(73,343	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.564%	Chicago Mercantile Exchange	09/24/45	EUR	7,800,000		(74,537	)		(75,242	)
Receive a floating rate based on the 6-month EUR-EURIBOR-Reuters and pay a fixed rate equal to 1.530%	Chicago Mercantile Exchange	09/25/45	EUR	5,700,000		13			(388	)
Receive a fixed rate equal to 1.552% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	09/25/45	EUR	6,300,000		38,083			38,700
Receive a fixed rate equal to 1.509% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	09/28/45	EUR	3,800,000		(22,435	)		(22,279	)
Receive a floating rate based on the 6-month EUR-EURIBOR-Reuters and pay a fixed rate equal to 0.965%	Chicago Mercantile Exchange	09/28/45	EUR	5,400,000		(1,423	)		(1,525	)
Receive a fixed rate equal to 1.516% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	09/28/45	EUR	1,100,000		(4,297	)		(4,246	)
Receive a floating rate based on the 6-month EUR-EURIBOR-Reuters and pay a fixed rate equal to 0.524%	Chicago Mercantile Exchange	07/06/20	EUR	5,800,000		63,077			61,110
Receive a floating rate based on the 6-month EUR-EURIBOR-Reuters and pay a fixed rate equal to 0.451%	Chicago Mercantile Exchange	07/09/20	EUR	5,800,000		(40,078	)		(38,377	)
Receive a floating rate based on the 6-month EUR-EURIBOR-Reuters and pay a fixed rate equal to 0.393%	Chicago Mercantile Exchange	08/05/20	EUR	9,800,000		(32,949	)		(31,677	)
Receive a fixed rate equal to 0.393% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	08/06/20	EUR	6,500,000		21,776			20,933
Receive a fixed rate equal to 0.365% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	08/25/20	EUR	19,100,000		(28,625	)		(25,940	)
Receive a fixed rate equal to 0.372% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	08/26/20	EUR	9,500,000		(17,795	)		(16,581	)
Receive a fixed rate equal to 0.434% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	08/27/20	EUR	31,800,000		167,275			166,362
Receive a fixed rate equal to 0.393% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	09/11/20	EUR	22,900,000		62,269			61,957
Receive a fixed rate equal to 0.429% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	09/18/20	EUR	31,700,000		(145,671	)		(145,854	)
Receive a fixed rate equal to 0.434% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	09/21/20	EUR	2,500,000		12,054			12,092
Receive a floating rate based on the 6-month EUR-EURIBOR-Reuters and pay a fixed rate equal to 0.381%	Chicago Mercantile Exchange	09/22/20	EUR	12,700,000		(23,500	)		(23,395	)
Receive a fixed rate equal to 0.394% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	09/23/20	EUR	14,480,000		37,069			36,982
Receive a fixed rate equal to 0.355% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	09/25/20	EUR	17,700,000		7,027			7,097
Receive a floating rate based on the 6-month EUR-EURIBOR-Reuters and pay a fixed rate equal to 0.369%	Chicago Mercantile Exchange	09/25/20	EUR	8,600,000		(10,078	)		(10,143	)
Receive a floating rate based on the 6-month EUR-EURIBOR-Reuters and pay a fixed rate equal to 0.360%	Chicago Mercantile Exchange	09/28/20	EUR	4,800,000		(2,968	)		(2,988	)
Receive a fixed rate equal to 1.043% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	09/11/25	EUR	11,400,000		105,315			105,655

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited) (Continued)

	Clearinghouse	Termination Date	Notional Amount		Fair Value			Unrealized Appreciation/ (Depreciation)
Receive a fixed rate equal to 1.100% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	09/18/25	EUR	7,300,000	$	(111,783	)	$	(112,302	)
Receive a fixed rate equal to 1.101% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	09/21/25	EUR	2,400,000		36,771			36,943
Receive a floating rate based on the 6-month EUR-EURIBOR-Reuters and pay a fixed rate equal to 1.012%	Chicago Mercantile Exchange	09/22/25	EUR	7,000,000		(39,129	)		(39,038	)
Receive a fixed rate equal to 0.976% and pay a floating rate based on the 6-month EUR-EURIBOR-Reuters	Chicago Mercantile Exchange	09/24/25	EUR	16,800,000		26,904			27,350
Receive a floating rate based on the 6-month EUR-EURIBOR-Reuters and pay a fixed rate equal to 0.990%	Chicago Mercantile Exchange	09/25/25	EUR	4,100,000		(12,745	)		(12,881	)
Receive a fixed rate equal to 2.899% and pay a floating rate based on the 6-month GBP-LIBOR-BBA	Chicago Mercantile Exchange	08/22/44	GBP	2,000,000		566,500			582,287
Receive a fixed rate equal to 0.754% and pay a floating rate based on the 6-month JPY-LIBOR-BBA	Chicago Mercantile Exchange	05/21/24	JPY	1,855,000,000		439,630			482,538
Receive a fixed rate equal to 1.289% and pay a floating rate based on the 6-month JPY-LIBOR-BBA	Chicago Mercantile Exchange	02/04/45	JPY	1,015,000,000		(162,695	)		(167,798	)
Receive a floating rate based on the 6-month JPY-LIBOR-BBA and pay a fixed rate equal to 0.558%	Chicago Mercantile Exchange	02/24/45	JPY	1,084,559,370		69,553			68,857
Receive a floating rate based on the 6-month JPY-LIBOR-BBA and pay a fixed rate equal to 1.443%	Chicago Mercantile Exchange	02/24/45	JPY	468,636,765		(78,645	)		(78,887	)
Receive a fixed rate equal to 2.928% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	07/15/35	USD	5,400,000		435,545			435,545
Receive a fixed rate equal to 2.832% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	07/09/45	USD	2,000,000		126,341			126,341
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.901%	Chicago Mercantile Exchange	07/13/45	USD	4,100,000		(320,835	)		(320,835	)
Receive a fixed rate equal to 2.896% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	07/21/45	USD	1,588,000		122,538			122,538
Receive a fixed rate equal to 2.860% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	07/24/45	USD	2,382,000		165,212			165,212
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.782%	Chicago Mercantile Exchange	07/29/45	USD	4,000,000		(209,509	)		(209,509	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.799%	Chicago Mercantile Exchange	07/30/45	USD	2,400,000		(134,367	)		(134,367	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.808%	Chicago Mercantile Exchange	07/31/45	USD	9,600,000		559,121			559,121
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.687%	Chicago Mercantile Exchange	09/25/45	USD	1,700,000		(52,840	)		(52,840	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.613%	Chicago Mercantile Exchange	09/28/45	USD	2,600,000		38,548			38,548
Receive a fixed rate equal to 0.347% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	10/09/15	USD	40,100,000		567			567
Receive a fixed rate equal to 0.704% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	08/27/16	USD	21,000,000		42,521			42,521
Receive a fixed rate equal to 0.771% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	10/09/16	USD	87,000,000		(238,012	)		(238,012	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 0.924%	Chicago Mercantile Exchange	08/13/17	USD	16,000,000		58,792			58,792
Receive a floating rate equal to the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.082%	Chicago Mercantile Exchange	08/21/17	USD	15,000,000		(98,445	)		(98,445	)
Receive a floating rate equal to the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.143%	Chicago Mercantile Exchange	08/27/17	USD	40,000,000		(307,940	)		(307,940	)
Receive a fixed rate equal to 1.178% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	05/15/18	USD	56,100,000		389,089			389,089
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.166%	Chicago Mercantile Exchange	05/20/18	USD	28,000,000		(183,185	)		(183,185	)
Receive a fixed rate equal to 1.208% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	05/21/18	USD	16,500,000		126,354			126,354
Receive a fixed rate equal to 1.224% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	05/27/18	USD	23,100,000		184,759			184,759
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.231%	Chicago Mercantile Exchange	05/27/18	USD	32,900,000		(269,651	)		(269,651	)
Receive a fixed rate equal to 1.206% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	06/01/18	USD	16,500,000		123,549			123,549
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.257%	Chicago Mercantile Exchange	06/04/18	USD	16,400,000		(144,457	)		(144,457	)

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited) (Continued)

	Clearinghouse	Termination Date	Notional Amount		Fair Value			Unrealized Appreciation/ (Depreciation)
Receive a fixed rate equal to 1.323% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	06/10/18	USD	13,300,000	$	139,927		$	139,927
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.347%	Chicago Mercantile Exchange	06/11/18	USD	16,600,000		(185,310	)		(185,310	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.374%	Chicago Mercantile Exchange	06/12/18	USD	6,632,000		(78,686	)		(78,686	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.267%	Chicago Mercantile Exchange	06/19/18	USD	33,725,000		(301,400	)		(301,400	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.283%	Chicago Mercantile Exchange	06/26/18	USD	11,600,000		(108,792	)		(108,792	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.301%	Chicago Mercantile Exchange	07/03/18	USD	11,600,000		(113,619	)		(113,619	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.249%	Chicago Mercantile Exchange	07/06/18	USD	11,600,000		(97,000	)		(97,000	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.230%	Chicago Mercantile Exchange	07/14/18	USD	16,800,000		(130,012	)		(130,012	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.277%	Chicago Mercantile Exchange	07/15/18	USD	56,300,000		(508,982	)		(508,982	)
Receive a fixed rate equal to 1.285% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	07/27/18	USD	108,800,000		997,034			997,034
Receive a fixed rate equal to 1.525% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	05/11/19	USD	37,900,000		529,296			529,296
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.465%	Chicago Mercantile Exchange	05/18/19	USD	21,400,000		(251,200	)		(251,200	)
Receive a fixed rate equal to 1.460% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	06/01/19	USD	14,800,000		168,258			168,258
Receive a fixed rate equal to 1.640% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	06/09/19	USD	16,400,000		292,604			292,604
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.659%	Chicago Mercantile Exchange	06/09/19	USD	16,400,000		(303,942	)		(303,942	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.682%	Chicago Mercantile Exchange	06/15/19	USD	16,600,000		(320,510	)		(320,510	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.686%	Chicago Mercantile Exchange	06/15/19	USD	16,600,000		(323,242	)		(323,242	)
Receive a fixed rate equal to 1.609% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	06/17/19	USD	16,600,000		276,519			276,519
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.418%	Chicago Mercantile Exchange	07/09/19	USD	10,200,000		(95,897	)		(95,897	)
Receive a fixed rate equal to 1.462% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	07/13/19	USD	21,200,000		232,035			232,035
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.557%	Chicago Mercantile Exchange	07/21/19	USD	8,503,000		(122,512	)		(122,512	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.581%	Chicago Mercantile Exchange	07/24/19	USD	12,754,500		(194,826	)		(194,826	)
Receive a fixed rate equal to 1.493% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	07/29/19	USD	21,100,000		251,433			251,433
Receive a fixed rate equal to 1.502% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	07/30/19	USD	12,700,000		155,595			155,595
Receive a fixed rate equal to 1.534% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	07/31/19	USD	49,100,000		(660,767	)		(660,767	)
Receive a fixed rate equal to 1.743% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	08/21/19	USD	8,100,000		170,926			170,926
Receive a floating rate equal to the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.7440%	Chicago Mercantile Exchange	08/21/19	USD	32,000,000		(677,100	)		(677,100	)
Receive a floating rate equal to the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.792%	Chicago Mercantile Exchange	08/27/19	USD	8,000,000		(183,709	)		(183,709	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.301%	Chicago Mercantile Exchange	09/25/19	USD	8,600,000		30,663			30,663
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.261%	Chicago Mercantile Exchange	09/28/19	USD	12,200,000		(23,054	)		(23,054	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.668%	Chicago Mercantile Exchange	10/30/19	USD	59,452,000		(1,049,792	)		(1,049,792	)
Receive a fixed rate equal to 2.000% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	11/05/19	USD	121,260,000		3,740,286			3,740,286
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.882%	Chicago Mercantile Exchange	06/30/20	USD	27,546,000		(672,466	)		(672,466	)

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited) (Continued)

	Clearinghouse	Termination Date	Notional Amount		Fair Value			Unrealized Appreciation/ (Depreciation)
Receive a fixed rate equal to 1.780% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	07/06/20	USD	9,100,000	$	177,450		$	177,450
Receive a fixed rate equal to 1.622% and pay a floating rate based on the 3-month USB-LIBOR-BBA	Chicago Mercantile Exchange	09/01/20	USD	11,200,000		124,114			124,114
Receive a fixed rate equal to 1.598% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	09/01/20	USD	4,800,000		(47,635	)		(47,635	)
Receive a fixed rate equal to 1.626% and pay a floating rate based on the 3-month USB-LIBOR-BBA	Chicago Mercantile Exchange	09/01/20	USD	5,600,000		63,079			63,079
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.590%	Chicago Mercantile Exchange	09/08/20	USD	6,700,000		(63,038	)		(63,038	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.644%%	Chicago Mercantile Exchange	09/18/20	USD	5,700,000		(67,547	)		(67,547	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 1.391%	Chicago Mercantile Exchange	10/01/20	USD	23,700,000		16,109			16,109
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.223%	Chicago Mercantile Exchange	05/15/21	USD	12,000,000		(466,407	)		(466,407	)
Receive a floating rate equal to the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.179%	Chicago Mercantile Exchange	07/01/21	USD	45,000,000		(1,625,425	)		(1,625,425	)
Receive a floating rate equal to the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.557%	Chicago Mercantile Exchange	08/21/24	USD	300,000		(15,819	)		(15,819	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.507%	Chicago Mercantile Exchange	10/09/24	USD	8,500,000		(409,862	)		(409,862	)
Receive a fixed rate equal to 2.408% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	10/30/24	USD	30,878,000		1,227,245			1,227,245
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.760%	Chicago Mercantile Exchange	11/05/24	USD	64,260,000		(4,468,547	)		(4,468,547	)
Receive a fixed rate equal to 2.133% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	03/20/25	USD	6,000,000		82,007			82,007
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.189%	Chicago Mercantile Exchange	05/05/25	USD	40,000,000		(714,178	)		(714,178	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.168%	Chicago Mercantile Exchange	05/05/25	USD	40,000,000		638,858			638,858
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.460%	Chicago Mercantile Exchange	06/15/25	USD	16,052,667		(675,986	)		(675,986	)
Receive a fixed rate equal to 2.488% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	06/15/25	USD	19,900,000		881,268			881,268
Receive a fixed rate equal to 2.455% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	06/17/25	USD	19,900,000		822,477			822,477
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.467%	Chicago Mercantile Exchange	06/19/25	USD	3,655,000		(154,745	)		(154,745	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.382%	Chicago Mercantile Exchange	06/23/25	USD	4,950,000		(171,467	)		(171,467	)
Receive a fixed rate equal to 2.528% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	07/15/25	USD	14,505,000		691,993			691,993
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.543%	Chicago Mercantile Exchange	07/15/25	USD	4,600,000		(225,625	)		(225,625	)
Receive a fixed rate equal to 2.794% and pay a floating rate based on the 3-month USB-LIBOR-BBA	Chicago Mercantile Exchange	08/24/25	USD	5,400,000		24,058			24,058
Receive a fixed rate equal to 2.810% and pay a floating rate based on the 3-month USB-LIBOR-BBA	Chicago Mercantile Exchange	08/24/25	USD	10,700,000		55,264			55,264
Receive a fixed rate equal to 2.773% and pay a floating rate based on the 3-month USB-LIBOR-BBA	Chicago Mercantile Exchange	08/25/25	USD	10,700,000		37,316			37,316
Receive a fixed rate equal to 2.848% and pay a floating rate based on the 3-month USB-LIBOR-BBA	Chicago Mercantile Exchange	08/27/25	USD	10,700,000		(72,591	)		(72,591	)
Receive a fixed rate equal to 2.256% and pay a floating rate based on the 3-month USB-LIBOR-BBA	Chicago Mercantile Exchange	09/01/25	USD	10,700,000		(235,385	)		(235,385	)
Receive a fixed rate equal to 2.260% and pay a floating rate based on the 3-month USB-LIBOR-BBA	Chicago Mercantile Exchange	09/01/25	USD	5,600,000		(125,519	)		(125,519	)
Receive a fixed rate equal to 2.970% and pay a floating rate based on the 3-month USB-LIBOR-BBA	Chicago Mercantile Exchange	09/01/25	USD	10,700,000		(130,006	)		(130,006	)
Receive a fixed rate equal to 2.245% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	09/01/25	USD	3,200,000		(67,292	)		(67,292	)
Receive a fixed rate equal to 2.230% and pay a floating rate based on the 3-month USB-LIBOR-BBA	Chicago Mercantile Exchange	09/08/25	USD	12,700,000		248,218			248,218
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.232%	Chicago Mercantile Exchange	09/14/25	USD	7,000,000		137,234			137,234

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited) (Continued)

	Clearinghouse	Termination Date	Notional Amount		Fair Value			Unrealized Appreciation/ (Depreciation)
Receive a fixed rate equal to 2.299% and pay a floating rate based on the 3-month USB-LIBOR-BBA	Chicago Mercantile Exchange	09/18/25	USD	13,600,000	$	350,705		$	350,705
Receive a fixed rate equal to 1.991% and pay a floating rate based on the 3-month USB-LIBOR-BBA	Chicago Mercantile Exchange	10/01/25	USD	23,700,000		(70,397	)		(70,397	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 3.294%	Chicago Mercantile Exchange	06/10/35	USD	10,000,000		(233,180	)		(233,180	)
Receive a fixed rate equal to 3.285% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	06/15/35	USD	19,900,000		450,560			450,560
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.834%	Chicago Mercantile Exchange	06/15/35	USD	19,900,000		(1,299,389	)		(1,299,389	)
Receive a fixed rate equal to 2.805% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	06/15/35	USD	15,422,500		933,794			933,794
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.810%	Chicago Mercantile Exchange	06/17/35	USD	19,900,000		(1,223,807	)		(1,223,807	)
Receive a fixed rate equal to 2.815% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	06/19/35	USD	4,187,000		260,643			260,643
Receive a fixed rate equal to 2.753% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	06/23/35	USD	4,950,000		257,794			257,795
Receive a fixed rate equal to 3.057% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	10/09/44	USD	1,400,000		156,371			156,371
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.715%	Chicago Mercantile Exchange	05/11/45	USD	6,900,000		(257,958	)		(257,958	)
Receive a fixed rate equal to 2.810% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	05/18/45	USD	4,000,000		233,602			233,602
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.659%	Chicago Mercantile Exchange	06/01/45	USD	5,900,000		(148,854	)		(148,854	)
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.926%	Chicago Mercantile Exchange	06/09/45	USD	3,300,000		(276,374	)		(276,374	)
Receive a fixed rate equal to 2.905% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	06/09/45	USD	3,300,000		261,515			261,515
Receive a fixed rate equal to 2.959% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	06/15/45	USD	3,300,000		300,721			300,721
Receive a fixed rate equal to 2.980% and pay a floating rate based on the 3-month USD-LIBOR-BBA	Chicago Mercantile Exchange	06/15/45	USD	3,300,000		315,585			315,585
Receive a floating rate based on the 3-month USD-LIBOR-BBA and pay a fixed rate equal to 2.891%	Chicago Mercantile Exchange	06/17/45	USD	3,300,000		(251,451	)		(251,451	)
					$	(2,963,796	)	$	(2,905,908	)

At September 30, 2015, the following exchange-traded written options were outstanding for Voya Global Bond Portfolio:

Description	Exercise Price		Expiration Date	# of Contracts		Premiums Received		Fair Value
Call on Eurodollar 1-Year Mid-Curve		98.87	12/11/15		524	$	110,040	$	(304,575	)
						$	110,040	$	(304,575	)

At September 30, 2015, the following over-the-counter written interest rate swaptions were outstanding for Voya Global Bond Portfolio:

Description	Counterparty	Floating Rate Index/Underlying Reference Entity	Pay/ Receive Floating	Exercise Rate			Expiration Date	Notional Amount		Premiums Received		Fair Value
Put OTC Swaption	Morgan Stanley	3-month USD-LIBOR-BBA	Pay		0.580	%	12/12/16	USD	82,945,000	$	241,592	$	(333,583	)
Put OTC Swaption	Morgan Stanley	3-month USD-LIBOR-BBA	Pay		1.950	%	11/12/15	USD	150,300,000		651,300		(41,873	)
Put OTC Swaption	Goldman Sachs & Co.	3-month EUR-EURIBOR-Reuters	Pay		0.537	%	11/18/15	EUR	280,000,000		158,287		(207,381	)
Put OTC Swaption	Societe Generale	3-month EUR-EURIBOR-Reuters	Pay		0.515	%	11/27/15	EUR	279,500,000		251,428		(258,664	)
Call OTC Swaption	Bank of America	3-month EUR-EURIBOR-Reuters	Receive		0.477	%	11/18/15	EUR	280,000,000		158,287		(75,847	)
Call OTC Swaption	Societe Generale	3-month EUR-EURIBOR-Reuters	Receive		0.515	%	11/27/15	EUR	279,500,000		251,428		(129,777	)
Call OTC Swaption	JPMorgan Chase & Co.	3-month USD-LIBOR-BBA	Receive		2.705	%	11/13/15	USD	150,300,000		736,470		(879,513	)

	PORTFOLIO OF INVESTMENTS
Voya Global Bond Portfolio	as of September 30, 2015 (Unaudited) (Continued)

Description	Counterparty	Floating Rate Index/Underlying Reference Entity	Pay/ Receive Floating	Exercise Rate			Expiration Date	Notional Amount		Premiums Received		Fair Value
Call OTC Swaption	Morgan Stanley	3-month USD-LIBOR-BBA	Receive		0.580	%	12/12/16	USD	82,945,000	$	241,578	$	(86,315	)
					Total Written Swaptions					$	2,690,370	$	(2,012,953	)

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

The fair value of derivative instruments as of September 30, 2015 was as follows:

Derivatives not accounted for as hedging instruments

Asset Derivatives	Instrument Type	Fair Value
Interest rate contracts	Purchased Options	$	1,029,764
Foreign exchange contracts	Forward foreign currency contracts		5,341,266
Interest rate contracts	Futures contracts		1,073,560
Interest rate contracts	Interest rate swaps		20,449,559
Total Asset Derivatives		$	27,894,149
Liability Derivatives	Instrument Type
Foreign exchange contracts	Forward foreign currency contracts	$	3,630,033
Interest rate contracts	Futures contracts		395,782
Interest rate contracts	Interest rate swaps		23,355,467
Foreign exchange contrats	Written options		2,317,528
Total Liability Derivatives		$	29,698,810

The following is a summary by counterparty of the fair value of OTC derivative instruments subject to Master Netting Agreements and collateral pledged (received), if any, at September 30, 2015:

	Bank of America			Barclays Bank PLC		BNP Paribas Bank		Citigroup, Inc.			Deutsche Bank AG			Goldman Sachs & Co.			HSBC Bank PLC		JPMorgan Chase & Co.			Morgan Stanley			Societe Generale			Totals
Assets:
Purchased options	$	-		$	-	$	-	$	-		$	-		$	-		$	-	$	833,015		$	65,749		$	-		$	898,764
Forward foreign currency contracts		-			89,091		547		308,030			197,093			117,412			147,253		2,490,338			1,991,502			-			5,341,266
Total Assets	$	-		$	89,091	$	547	$	308,030		$	197,093		$	117,412		$	147,253	$	3,323,353		$	2,057,251		$	-		$	6,240,030
Liabilities:
Forward foreign currency contracts	$	-		$	26,458	$	-	$	830,517		$	719,586		$	149,743		$	5,937	$	1,445,176		$	452,616		$	-		$	3,630,033
Written options		75,847			-		-		-			-			207,381			-		879,513			461,771			388,441			2,012,953
Total Liabilities	$	75,847		$	26,458	$	-	$	830,517		$	719,586		$	357,124		$	5,937	$	2,324,689		$	914,387		$	388,441		$	5,642,986
Net OTC derivative instruments by counterparty, at fair value	$	(75,847	)	$	62,633	$	547	$	(522,487	)	$	(522,493	)	$	(239,712	)	$	141,316	$	998,664		$	1,142,864		$	(388,441	)	$	597,044
Total collateral pledged by the Portfolio/(Received from counterparty)	$	-		$	-	$	-	$	-		$	-		$	-		$	-	$	(1,050,000	)	$	(1,300,000	)	$	470,000		$	(1,880,000	)
Net Exposure(1)	$	(75,847	)	$	62,633	$	547	$	(522,487	)	$	(522,493	)	$	(239,712	)	$	141,316	$	(51,336	)	$	(157,136	)	$	81,559		$	(1,282,956	)

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

Voya Index Solution Income Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 14.0%
	32,051		iShares Barclays 20+ Year Treasury Bond Fund	$	3,959,581		1.0
	180,018		iShares iBoxx High Yield Corporate Bond Fund		14,993,699		3.8
	344,909		PowerShares Senior Loan Portfolio		7,946,703		2.0
	586,540		SPDR Barclays Capital High Yield Bond ETF		20,916,016		5.2
	42,243		SPDR Trust Series 1		8,095,026		2.0
		Total Exchange-Traded Funds
		(Cost $61,448,051)			55,911,025		14.0
MUTUAL FUNDS: 86.0%
			Affiliated Investment Companies: 85.0%
	458,496		Voya Emerging Markets Index Portfolio - Class I		4,071,444		1.0
	2,791,466		Voya International Index Portfolio - Class I		24,313,672		6.1
	1,361,957		Voya RussellTM Mid Cap Index Portfolio - Class I		20,184,202		5.1
	19,640,000		Voya U.S. Bond Index Portfolio - Class I		210,344,396		52.6
	6,382,639		Voya U.S. Stock Index Portfolio - Class I		80,804,211		20.2
					339,717,925		85.0
			Unaffiliated Investment Companies: 1.0%
	793,103	@	Credit Suisse Commodity Return Strategy Fund - Class I		3,989,306		1.0
		Total Mutual Funds
		(Cost $359,399,717)			343,707,231		86.0
		Total Investments in Securities (Cost $420,847,768)		$	399,618,256		100.0
		Assets in Excess of Other Liabilities			12,623		–
		Net Assets		$	399,630,879		100.0

@	Non-income producing security.
	Cost for federal income tax purposes is $424,903,924.
	Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	–
Gross Unrealized Depreciation		(25,285,668	)
Net Unrealized Depreciation	$	(25,285,668	)

	PORTFOLIO OF INVESTMENTS
Voya Index Solution Income Portfolio	as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	55,911,025	$	–	$	–	$	55,911,025
Mutual Funds		343,707,231		–		–		343,707,231
Total Investments, at fair value	$	399,618,256	$	–	$	–	$	399,618,256

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	1,620,242	$	3,677,243	$	(380,247	)	$	(845,794	)	$	4,071,444	$	31,992	$	(40,557	)	$	-
Voya International Index Portfolio - Class I		9,897,061		18,504,463		(1,493,927	)		(2,593,925	)		24,313,672		290,731		486,411			-
Voya RussellTM Mid Cap Index Portfolio - Class I		13,758,745		14,598,483		(4,554,780	)		(3,618,246	)		20,184,202		101,793		2,541,339			628,567
Voya U.S. Bond Index Portfolio - Class I		91,093,301		143,865,412		(24,545,740	)		(68,577	)		210,344,396		1,016,385		(819,497	)		188,714
Voya U.S. Stock Index Portfolio - Class I		27,241,973		74,893,923		(9,556,405	)		(11,775,280	)		80,804,211		84,378		181,515			2,547,056
	$	143,611,322	$	255,539,524	$	(40,531,099	)	$	(18,901,822	)	$	339,717,925	$	1,525,279	$	2,349,211		$	3,364,337

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

	PORTFOLIO OF INVESTMENTS
Voya Index Solution 2020 Portfolio	as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 14.9%
	935		iShares iBoxx High Yield Corporate Bond Fund	$	77,876		3.7
	1,791		PowerShares Senior Loan Portfolio		41,265		2.0
	3,045		SPDR Barclays Capital High Yield Bond ETF		108,585		5.2
	439		SPDR Trust Series 1		84,125		4.0
		Total Exchange-Traded Funds
		(Cost $317,474)			311,851		14.9
MUTUAL FUNDS: 85.0%
			Affiliated Investment Companies: 84.0%
	4,773		Voya Emerging Markets Index Portfolio - Class I		42,384		2.0
	29,038		Voya International Index Portfolio - Class I		252,918		12.1
	8,497		Voya RussellTM Mid Cap Index Portfolio - Class I		125,919		6.1
	3,043		Voya RussellTM Small Cap Index Portfolio - Class I		41,871		2.0
	69,333		Voya U.S. Bond Index Portfolio - Class I		742,556		35.6
	43,231		Voya U.S. Stock Index Portfolio - Class I		547,310		26.2
					1,752,958		84.0
			Unaffiliated Investment Companies: 1.0%
	4,112	@	Credit Suisse Commodity Return Strategy Fund - Class I		20,686		1.0
		Total Mutual Funds
		(Cost $1,792,182)			1,773,644		85.0
		Total Investments in Securities (Cost $2,109,656)		$	2,085,495		99.9
		Assets in Excess of Other Liabilities			1,336		0.1
		Net Assets		$	2,086,831		100.0

@	Non-income producing security.
	Cost for federal income tax purposes is $2,111,225.
	Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	3,455
Gross Unrealized Depreciation		(29,185	)
Net Unrealized Depreciation	$	(25,730	)

	PORTFOLIO OF INVESTMENTS
Voya Index Solution 2020 Portfolio	as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	311,851	$	–	$	–	$	311,851
Mutual Funds		1,773,644		–		–		1,773,644
Total Investments, at fair value	$	2,085,495	$	–	$	–	$	2,085,495

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	338	$	44,744	$	(2,118	)	$	(580	)	$	42,384	$	7	$	(5	)	$	-
Voya International Index Portfolio - Class I		2,147		269,882		(12,597	)		(6,514	)		252,918		66		83			-
Voya RussellTM Mid Cap Index Portfolio - Class I		2,051		128,471		(609	)		(3,994	)		125,919		14		469			85
Voya RussellTM Small Cap Index Portfolio - Class I		363		43,322		(33	)		(1,781	)		41,871		4		11			32
Voya U.S. Bond Index Portfolio - Class I		6,148		1,017,637		(284,759	)		3,530			742,556		112		236			14
Voya U.S. Stock Index Portfolio - Class I		4,436		637,207		(83,898	)		(10,435	)		547,310		29		(442	)		861
	$	15,483	$	2,141,263	$	(384,014	)	$	(19,774	)	$	1,752,958	$	232	$	352		$	992

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

Voya Index Solution 2025 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 14.9%
	221,608		iShares iBoxx High Yield Corporate Bond Fund	$	18,457,731		3.7
	424,602		PowerShares Senior Loan Portfolio		9,782,830		2.0
	722,205		SPDR Barclays Capital High Yield Bond ETF		25,753,830		5.2
	104,005		SPDR Trust Series 1		19,930,478		4.0
		Total Exchange-Traded Funds
		(Cost $80,800,445)			73,924,869		14.9
MUTUAL FUNDS: 85.1%
			Affiliated Investment Companies: 84.1%
	1,696,020		Voya Emerging Markets Index Portfolio - Class I		15,060,655		3.0
	8,600,263		Voya International Index Portfolio - Class I		74,908,289		15.1
	3,021,201		Voya RussellTM Mid Cap Index Portfolio - Class I		44,774,199		9.1
	1,081,989		Voya RussellTM Small Cap Index Portfolio - Class I		14,888,172		3.0
	11,414,043		Voya U.S. Bond Index Portfolio - Class I		122,244,396		24.7
	11,405,773		Voya U.S. Stock Index Portfolio - Class I		144,397,089		29.2
					416,272,800		84.1
			Unaffiliated Investment Companies: 1.0%
	976,439	@	Credit Suisse Commodity Return Strategy Fund - Class I		4,911,489		1.0
		Total Mutual Funds
		(Cost $445,098,094)			421,184,289		85.1
		Total Investments in Securities (Cost $525,898,539)		$	495,109,158		100.0
		Assets in Excess of Other Liabilities			26,961		–
		Net Assets		$	495,136,119		100.0

@ Non-income producing security.

Cost for federal income tax purposes is $529,691,322.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	132,099
Gross Unrealized Depreciation		(34,714,263	)
Net Unrealized Depreciation	$	(34,582,164	)

Voya Index Solution 2025 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Countinued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	73,924,869	$	–	$	–	$	73,924,869
Mutual Funds		421,184,289		–		–		421,184,289
Total Investments, at fair value	$	495,109,158	$	–	$	–	$	495,109,158

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	14,829,930	$	5,111,471	$	(2,168,963	)	$	(2,711,783	)	$	15,060,655	$	307,632	$	39,006		$	-
Voya International Index Portfolio - Class I		75,382,254		14,353,656		(7,318,791	)		(7,508,830	)		74,908,289		2,329,712		2,179,102			-
Voya RussellTM Mid Cap Index Portfolio - Class I		73,315,139		9,904,486		(20,968,076	)		(17,477,350	)		44,774,199		586,667		11,413,425			3,622,654
Voya RussellTM Small Cap Index Portfolio - Class I		15,960,453		3,432,158		(1,299,070	)		(3,205,369	)		14,888,172		168,315		471,484			1,355,539
Voya U.S. Bond Index Portfolio - Class I		115,918,387		35,077,632		(28,680,268	)		(71,355	)		122,244,396		1,432,786		(668,480	)		285,400
Voya U.S. Stock Index Portfolio - Class I		141,135,730		46,685,446		(18,319,808	)		(25,104,279	)		144,397,089		442,405		3,032,562			13,354,581
	$	436,541,893	$	114,564,849	$	(78,754,976	)	$	(56,078,966	)	$	416,272,800	$	5,267,517	$	16,467,099		$	18,618,174

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

Voya Index Solution 2030 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 13.4%
	236		iShares iBoxx High Yield Corporate Bond Fund	$	19,657		2.2
	93		iShares US Real Estate ETF		6,598		0.8
	753		PowerShares Senior Loan Portfolio		17,349		2.0
	914		SPDR Barclays Capital High Yield Bond ETF		32,593		3.7
	166		SPDR Dow Jones International Real Estate ETF		6,530		0.7
	184		SPDR Trust Series 1		35,260		4.0
		Total Exchange-Traded Funds
		(Cost $120,219)			117,987		13.4
MUTUAL FUNDS: 86.5%
			Affiliated Investment Companies: 85.5%
	4,022		Voya Emerging Markets Index Portfolio - Class I		35,717		4.1
	18,880		Voya International Index Portfolio - Class I		164,444		18.6
	5,370		Voya RussellTM Mid Cap Index Portfolio - Class I		79,583		9.0
	1,923		Voya RussellTM Small Cap Index Portfolio - Class I		26,459		3.0
	13,808		Voya U.S. Bond Index Portfolio - Class I		147,881		16.7
	23,813		Voya U.S. Stock Index Portfolio - Class I		301,468		34.1
					755,552		85.5
			Unaffiliated Investment Companies: 1.0%
	1,728	@	Credit Suisse Commodity Return Strategy Fund - Class I		8,690		1.0
		Total Mutual Funds
		(Cost $777,460)			764,242		86.5
		Total Investments in Securities (Cost $897,679)		$	882,229		99.9
		Assets in Excess of Other Liabilities			1,241		0.1
		Net Assets		$	883,470		100.0

@ Non-income producing security.

Cost for federal income tax purposes is $905,977.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	527
Gross Unrealized Depreciation		(24,275	)
Net Unrealized Depreciation	$	(23,748	)

Voya Index Solution 2030 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	117,987	$	–	$	–	$	117,987
Mutual Funds		764,242		–		–		764,242
Total Investments, at fair value	$	882,229	$	–	$	–	$	882,229

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	772	$	38,995	$	(3,473	)	$	(577	)	$	35,717	$	16	$	(440	)	$	-
Voya International Index Portfolio - Class I		3,927		194,531		(29,118	)		(4,896	)		164,444		120		(1,103	)		-
Voya RussellTM Mid Cap Index Portfolio - Class I		2,864		87,691		(7,336	)		(3,636	)		79,583		23		578			140
Voya RussellTM Small Cap Index Portfolio - Class I		624		29,016		(1,786	)		(1,395	)		26,459		7		9			53
Voya U.S. Bond Index Portfolio - Class I		2,882		229,356		(84,843	)		486			147,881		55		180			7
Voya U.S. Stock Index Portfolio - Class I		6,535		366,941		(66,691	)		(5,317	)		301,468		54		(4,878	)		1,612
	$	17,604	$	946,530	$	(193,247	)	$	(15,335	)	$	755,552	$	275	$	(5,654	)	$	1,812

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

Voya Index Solution 2035 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value			Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 13.4%
	109,215		iShares iBoxx High Yield Corporate Bond Fund	$	9,096,517			2.2
	43,165		iShares US Real Estate ETF		3,062,557			0.7
	348,767		PowerShares Senior Loan Portfolio		8,035,592			2.0
	423,689		SPDR Barclays Capital High Yield Bond ETF		15,108,750			3.7
	77,902		SPDR Dow Jones International Real Estate ETF		3,064,665			0.8
	85,428		SPDR Trust Series 1		16,370,567			4.0
		Total Exchange-Traded Funds
		(Cost $59,327,887)			54,738,648			13.4
MUTUAL FUNDS: 86.6%
			Affiliated Investment Companies: 85.6%
	1,856,334		Voya Emerging Markets Index Portfolio - Class I		16,484,248			4.0
	8,706,987		Voya International Index Portfolio - Class I		75,837,858			18.6
	2,755,994		Voya RussellTM Mid Cap Index Portfolio - Class I		40,843,831			10.0
	1,184,371		Voya RussellTM Small Cap Index Portfolio - Class I		16,296,946			4.0
	3,369,509		Voya U.S. Bond Index Portfolio - Class I		36,087,446			8.9
	12,911,598		Voya U.S. Stock Index Portfolio - Class I		163,460,836			40.1
					349,011,165			85.6
			Unaffiliated Investment Companies: 1.0%
	802,097	@	Credit Suisse Commodity Return Strategy Fund - Class I		4,034,550			1.0
		Total Mutual Funds
		(Cost $382,151,606)			353,045,715			86.6
		Total Investments in Securities (Cost $441,479,493)		$	407,784,363			100.0
		Liabilities in Excess of Other Assets			(3,771	)		–
		Net Assets		$	407,780,592			100.0

@ Non-income producing security.

Cost for federal income tax purposes is $442,319,145.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	39,630
Gross Unrealized Depreciation		(34,574,412	)
Net Unrealized Depreciation	$	(34,534,782	)

Voya Index Solution 2035 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	54,738,648	$	–	$	–	$	54,738,648
Mutual Funds		353,045,715		–		–		353,045,715
Total Investments, at fair value	$	407,784,363	$	–	$	–	$	407,784,363

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	16,566,575	$	5,309,240	$	(2,411,927	)	$	(2,979,640	)	$	16,484,248	$	342,659	$	(20,421	)	$	-
Voya International Index Portfolio - Class I		84,214,562		13,396,411		(12,623,493	)		(9,149,622	)		75,837,858		2,594,899		3,580,013			-
Voya RussellTM Mid Cap Index Portfolio - Class I		65,815,463		8,078,328		(17,522,707	)		(15,527,253	)		40,843,831		544,404		9,761,140			3,361,681
Voya RussellTM Small Cap Index Portfolio - Class I		17,830,097		3,401,065		(1,470,769	)		(3,463,447	)		16,296,946		187,487		402,980			1,509,944
Voya U.S. Bond Index Portfolio - Class I		26,425,533		20,134,416		(9,988,576	)		(483,927	)		36,087,446		379,706		206,680			85,696
Voya U.S. Stock Index Portfolio - Class I		166,379,505		42,135,330		(16,951,515	)		(28,102,484	)		163,460,836		510,113		2,637,563			15,398,421
	$	377,231,735	$	92,454,790	$	(60,968,987	)	$	(59,706,373	)	$	349,011,165	$	4,559,268	$	16,567,955		$	20,355,742

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

Voya Index Solution 2040 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 9.4%
	33		iShares iBoxx High Yield Corporate Bond Fund	$	2,749		1.0
	30		iShares US Real Estate ETF		2,129		0.7
	240		PowerShares Senior Loan Portfolio		5,530		2.0
	78		SPDR Barclays Capital High Yield Bond ETF		2,781		1.0
	54		SPDR Dow Jones International Real Estate ETF		2,124		0.7
	59		SPDR Trust Series 1		11,306		4.0
		Total Exchange-Traded Funds
		(Cost $27,366)			26,619		9.4
MUTUAL FUNDS: 90.4%
			Affiliated Investment Companies: 89.4%
	1,605		Voya Emerging Markets Index Portfolio - Class I		14,249		5.0
	6,347		Voya International Index Portfolio - Class I		55,284		19.5
	1,904		Voya RussellTM Mid Cap Index Portfolio - Class I		28,222		10.0
	818		Voya RussellTM Small Cap Index Portfolio - Class I		11,261		4.0
	2,074		Voya U.S. Bond Index Portfolio - Class I		22,213		7.9
	9,607		Voya U.S. Stock Index Portfolio - Class I		121,629		43.0
					252,858		89.4
			Unaffiliated Investment Companies: 1.0%
	552	@	Credit Suisse Commodity Return Strategy Fund - Class I		2,777		1.0
		Total Mutual Funds
		(Cost $265,727)			255,635		90.4
		Total Investments in Securities (Cost $293,093)		$	282,254		99.8
		Assets in Excess of Other Liabilities			688		0.2
		Net Assets		$	282,942		100.0

@ Non-income producing security.

Cost for federal income tax purposes is $294,635.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	127
Gross Unrealized Depreciation		(12,508	)
Net Unrealized Depreciation	$	(12,381	)

Voya Index Solution 2040 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	26,619	$	–	$	–	$	26,619
Mutual Funds		255,635		–		–		255,635
Total Investments, at fair value	$	282,254	$	–	$	–	$	282,254

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	1,097	$	14,070	$	(200	)	$	(718	)	$	14,249	$	24	$	(9	)	$	-
Voya International Index Portfolio - Class I		4,603		58,040		(3,785	)		(3,574	)		55,284		153		705			-
Voya RussellTM Mid Cap Index Portfolio - Class I		3,675		28,303		(1,226	)		(2,530	)		28,222		37		893			228
Voya RussellTM Small Cap Index Portfolio - Class I		939		11,236		(73	)		(841	)		11,261		11		44			85
Voya U.S. Bond Index Portfolio - Class I		919		32,842		(11,665	)		117			22,213		20		(21	)		3
Voya U.S. Stock Index Portfolio - Class I		9,346		131,896		(13,966	)		(5,647	)		121,629		56		(811	)		1,686
	$	20,579	$	276,387	$	(30,915	)	$	(13,193	)	$	252,858	$	301	$	801		$	2,002

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

Voya Index Solution 2045 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 8.5%
	20,530		iShares Barclays 20+ Year Treasury Bond Fund	$	2,536,276		1.0
	27,500		iShares US Real Estate ETF		1,951,125		0.8
	220,928		PowerShares Senior Loan Portfolio		5,090,181		2.0
	49,436		SPDR Dow Jones International Real Estate ETF		1,944,813		0.7
	54,116		SPDR Trust Series 1		10,370,249		4.0
		Total Exchange-Traded Funds
		(Cost $23,044,048)			21,892,644		8.5
MUTUAL FUNDS: 91.5%
			Affiliated Investment Companies: 90.5%
	1,764,664		Voya Emerging Markets Index Portfolio - Class I		15,670,218		6.0
	6,109,968		Voya International Index Portfolio - Class I		53,217,818		20.6
	2,094,432		Voya RussellTM Mid Cap Index Portfolio - Class I		31,039,477		12.0
	750,027		Voya RussellTM Small Cap Index Portfolio - Class I		10,320,371		4.0
	948,010		Voya U.S. Bond Index Portfolio - Class I		10,153,187		3.9
	8,993,735		Voya U.S. Stock Index Portfolio - Class I		113,860,690		44.0
					234,261,761		90.5
			Unaffiliated Investment Companies: 1.0%
	508,100	@	Credit Suisse Commodity Return Strategy Fund - Class I		2,555,744		1.0
		Total Mutual Funds
		(Cost $258,769,949)			236,817,505		91.5
		Total Investments in Securities (Cost $281,813,997)		$	258,710,149		100.0
		Assets in Excess of Other Liabilities			39,307		–
		Net Assets		$	258,749,456		100.0

@ Non-income producing security.

Cost for federal income tax purposes is $282,619,325.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	16,971
Gross Unrealized Depreciation		(23,926,147	)
Net Unrealized Depreciation	$	(23,909,176	)

Voya Index Solution 2045 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	21,892,644	$	–	$	–	$	21,892,644
Mutual Funds		236,817,505		–		–		236,817,505
Total Investments, at fair value	$	258,710,149	$	–	$	–	$	258,710,149

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	18,041,836	$	5,780,122	$	(5,534,373	)	$	(2,617,367	)	$	15,670,218	$	378,112	$	(688,212	)	$	-
Voya International Index Portfolio - Class I		57,645,216		10,384,642		(8,565,956	)		(6,246,084	)		53,217,818		1,799,822		2,231,132			-
Voya RussellTM Mid Cap Index Portfolio - Class I		46,417,767		7,521,259		(12,110,202	)		(10,789,347	)		31,039,477		481,847		5,770,888			2,975,395
Voya RussellTM Small Cap Index Portfolio - Class I		11,095,631		2,386,862		(930,689	)		(2,231,433	)		10,320,371		118,224		286,011			952,126
Voya U.S. Bond Index Portfolio - Class I		8,241,369		7,321,431		(5,368,764	)		(40,849	)		10,153,187		64,670		62,442			12,029
Voya U.S. Stock Index Portfolio - Class I		111,704,109		33,445,155		(12,164,480	)		(19,124,094	)		113,860,690		347,249		1,647,399			10,482,169
	$	253,145,928	$	66,839,471	$	(44,674,464	)	$	(41,049,174	)	$	234,261,761	$	3,189,924	$	9,309,660		$	14,421,719

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

Voya Index Solution 2050 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 8.1%
	33		iShares Barclays 20+ Year Treasury Bond Fund	$	4,077		0.9
	44		iShares US Real Estate ETF		3,122		0.7
	360		PowerShares Senior Loan Portfolio		8,294		1.9
	80		SPDR Dow Jones International Real Estate ETF		3,147		0.7
	88		SPDR Trust Series 1		16,864		3.9
		Total Exchange-Traded Funds
		(Cost $35,682)			35,504		8.1
MUTUAL FUNDS: 91.7%
			Affiliated Investment Companies: 90.8%
	2,993		Voya Emerging Markets Index Portfolio - Class I		26,578		6.0
	10,406		Voya International Index Portfolio - Class I		90,633		20.6
	3,553		Voya RussellTM Mid Cap Index Portfolio - Class I		52,654		12.0
	1,273		Voya RussellTM Small Cap Index Portfolio - Class I		17,510		4.0
	1,658		Voya U.S. Bond Index Portfolio - Class I		17,762		4.0
	15,353		Voya U.S. Stock Index Portfolio - Class I		194,371		44.2
					399,508		90.8
			Unaffiliated Investment Companies: 0.9%
	827	@	Credit Suisse Commodity Return Strategy Fund - Class I		4,158		0.9
		Total Mutual Funds
		(Cost $409,393)			403,666		91.7
		Total Investments in Securities (Cost $445,075)		$	439,170		99.8
		Assets in Excess of Other Liabilities			786		0.2
		Net Assets		$	439,956		100.0

@ Non-income producing security.

Cost for federal income tax purposes is $448,550.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	125
Gross Unrealized Depreciation		(9,505	)
Net Unrealized Depreciation	$	(9,380	)

Voya Index Solution 2050 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	35,504	$	–	$	–	$	35,504
Mutual Funds		403,666		–		–		403,666
Total Investments, at fair value	$	439,170	$	–	$	–	$	439,170

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	1,468	$	29,467	$	(4,426	)	$	69		$	26,578	$	30	$	(672	)	$	-
Voya International Index Portfolio - Class I		4,660		95,927		(7,332	)		(2,622	)		90,633		143		308			-
Voya RussellTM Mid Cap Index Portfolio - Class I		3,762		53,338		(1,816	)		(2,630	)		52,654		38		994			237
Voya RussellTM Small Cap Index Portfolio - Class I		902		17,837		(336	)		(893	)		17,510		9		125			76
Voya U.S. Bond Index Portfolio - Class I		666		29,822		(12,778	)		52			17,762		7		39			1
Voya U.S. Stock Index Portfolio - Class I		9,031		214,264		(26,049	)		(2,875	)		194,371		51		(1,949	)		1,554
	$	20,489	$	440,655	$	(52,737	)	$	(8,899	)	$	399,508	$	278	$	(1,155	)	$	1,868

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

  Voya Index Solution 2055 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited)

Shares				Value			Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 5.0%
	5,515		iShares Barclays 20+ Year Treasury Bond Fund	$	681,323			1.0
	14,537		SPDR Trust Series 1		2,785,725			4.0
		Total Exchange-Traded Funds
		(Cost $3,624,474)			3,467,048			5.0
MUTUAL FUNDS: 95.0%
			Affiliated Investment Companies: 94.0%
	474,602		Voya Emerging Markets Index Portfolio - Class I		4,214,467			6.0
	1,763,678		Voya International Index Portfolio - Class I		15,361,633			22.1
	563,261		Voya RussellTM Mid Cap Index Portfolio - Class I		8,347,523			12.0
	201,703		Voya RussellTM Small Cap Index Portfolio - Class I		2,775,431			4.0
	255,192		Voya U.S. Bond Index Portfolio - Class I		2,733,109			3.9
	2,528,989		Voya U.S. Stock Index Portfolio - Class I		32,017,004			46.0
					65,449,167			94.0
			Unaffiliated Investment Companies: 1.0%
	136,474	@	Credit Suisse Commodity Return Strategy Fund - Class I		686,464			1.0
		Total Mutual Funds
		(Cost $73,958,541)			66,135,631			95.0
		Total Investments in Securities (Cost $77,583,015)		$	69,602,679			100.0
		Liabilities in Excess of Other Assets			(952	)		–
		Net Assets		$	69,601,727			100.0

@	Non-income producing security.
	Cost for federal income tax purposes is $77,743,360.
	Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	2,645
Gross Unrealized Depreciation		(8,143,326	)
Net Unrealized Depreciation	$	(8,140,681	)

  Voya Index Solution 2055 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	3,467,048	$	–	$	–	$	3,467,048
Mutual Funds		66,135,631		–		–		66,135,631
Total Investments, at fair value	$	69,602,679	$	–	$	–	$	69,602,679

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	4,150,660	$	2,265,755	$	(1,458,017	)	$	(743,931	)	$	4,214,467	$	93,821	$	(142,484	)	$	-
Voya International Index Portfolio - Class I		13,254,966		5,120,497		(1,348,433	)		(1,665,397	)		15,361,633		446,586		422,553			-
Voya RussellTM Mid Cap Index Portfolio - Class I		10,669,525		3,607,632		(3,363,596	)		(2,566,038	)		8,347,523		119,565		1,247,971			738,313
Voya RussellTM Small Cap Index Portfolio - Class I		2,550,214		1,044,441		(251,017	)		(568,207	)		2,775,431		29,335		60,800			236,254
Voya U.S. Bond Index Portfolio - Class I		1,893,699		2,132,869		(1,283,005	)		(10,454	)		2,733,109		16,076		14,542			2,984
Voya U.S. Stock Index Portfolio - Class I		26,975,612		13,889,934		(3,786,396	)		(5,062,146	)		32,017,004		93,355		257,288			2,818,058
	$	59,494,676	$	28,061,128	$	(11,490,464	)	$	(10,616,173	)	$	65,449,167	$	798,738	$	1,860,670		$	3,795,609

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

Voya Index Solution 2060 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 4.9%
	11		iShares Barclays 20+ Year Treasury Bond Fund	$	1,359		1.0
	29		SPDR Trust Series 1		5,557		3.9
		Total Exchange-Traded Funds
		(Cost $7,158)			6,916		4.9
MUTUAL FUNDS: 94.9%
			Affiliated Investment Companies: 93.9%
	952		Voya Emerging Markets Index Portfolio - Class I		8,454		6.0
	3,538		Voya International Index Portfolio - Class I		30,819		22.0
	1,130		Voya RussellTM Mid Cap Index Portfolio - Class I		16,743		12.0
	405		Voya RussellTM Small Cap Index Portfolio - Class I		5,568		4.0
	513		Voya U.S. Bond Index Portfolio - Class I		5,500		3.9
	5,082		Voya U.S. Stock Index Portfolio - Class I		64,336		46.0
					131,420		93.9
			Unaffiliated Investment Companies: 1.0%
	271	@	Credit Suisse Commodity Return Strategy Fund - Class I		1,361		1.0
		Total Mutual Funds
		(Cost $136,626)			132,781		94.9
		Total Investments in Securities (Cost $143,784)		$	139,697		99.8
		Assets in Excess of Other Liabilities			255		0.2
		Net Assets		$	139,952		100.0

@	Non-income producing security.
	Cost for federal income tax purposes is $145,700.
	Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	23
Gross Unrealized Depreciation		(6,026	)
Net Unrealized Depreciation	$	(6,003	)

Voya Index Solution 2060 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	6,916	$	–	$	–	$	6,916
Mutual Funds		132,781		–		–		132,781
Total Investments, at fair value	$	139,697	$	–	$	–	$	139,697

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	-	$	12,881	$	(4,277	)	$	(150	)	$	8,454	$	22	$	(362	)	$	-
Voya International Index Portfolio - Class I		-		40,851		(8,513	)		(1,519	)		30,819		104		(69	)		-
Voya RussellTM Mid Cap Index Portfolio - Class I		-		19,405		(2,088	)		(574	)		16,743		28		(139	)		173
Voya RussellTM Small Cap Index Portfolio - Class I		-		6,069		(248	)		(253	)		5,568		7		(28	)		55
Voya U.S. Bond Index Portfolio - Class I		-		8,820		(3,343	)		23			5,500		6		(11	)		1
Voya U.S. Stock Index Portfolio - Class I		-		76,101		(10,464	)		(1,301	)		64,336		46		(1,267	)		1,389
	$	-	$	164,127	$	(28,933	)	$	(3,774	)	$	131,420	$	213	$	(1,876	)	$	1,618

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

Voya Solution Aggressive Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 6.1%
	954		iShares MSCI Emerging Markets Index Fund	$	31,272		0.6
	1,344		iShares Russell 1000 Value Index Fund		125,368		2.5
	786		SPDR Trust Series 1		150,622		3.0
		Total Exchange-Traded Funds
		(Cost $332,669)			307,262		6.1
MUTUAL FUNDS: 93.9%
			Affiliated Investment Companies: 92.9%
	41,799		Voya International Core Fund - Class I		379,114		7.5
	11,585		Voya International Index Portfolio - Class I		100,904		2.0
	21,345		Voya Large Cap Growth Portfolio - Class I		378,017		7.5
	32,965		Voya Large Cap Value Fund - Class R6		377,124		7.5
	14,676		Voya MidCap Opportunities Portfolio - Class I		213,975		4.3
	25,555		Voya Multi-Manager Emerging Markets Equity Fund - Class I		221,819		4.4
	46,982		Voya Multi-Manager International Equity Fund - Class I		479,216		9.5
	36,686		Voya Multi-Manager Large Cap Core Portfolio - Class I		502,234		10.0
	34,324		Voya Multi-Manager Mid Cap Value Fund - Class I		402,272		8.0
	7,295		Voya RussellTM Mid Cap Growth Index Portfolio - Class I		188,584		3.7
	10,552		Voya Small Company Portfolio - Class I		200,270		4.0
	39,755		Voya U.S. Stock Index Portfolio - Class I		503,302		10.0
	3,006		VY® Clarion Real Estate Portfolio - Class I		99,665		2.0
	16,971		VY® Invesco Comstock Portfolio - Class I		251,178		5.0
	4,789	@	VY® T. Rowe Price Growth Equity Portfolio - Class I		379,800		7.5
					4,677,474		92.9
			Unaffiliated Investment Companies: 1.0%
	9,838	@	Credit Suisse Commodity Return Strategy Fund - Class I		49,484		1.0
		Total Mutual Funds
		(Cost $5,340,263)			4,726,958		93.9
		Total Investments in Securities (Cost $5,672,932)		$	5,034,220		100.0
		Assets in Excess of Other Liabilities			384		–
		Net Assets		$	5,034,604		100.0

@	Non-income producing security.
	Cost for federal income tax purposes is $5,794,645.
	Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	–
Gross Unrealized Depreciation		(760,425	)
Net Unrealized Depreciation	$	(760,425	)

Voya Solution Aggressive Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	307,262	$	–	$	–	$	307,262
Mutual Funds		4,726,958		–		–		4,726,958
Total Investments, at fair value	$	5,034,220	$	–	$	–	$	5,034,220

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	70,566	$	82,197	$	(158,928	)	$	6,165		$	-	$	1,726	$	(22,957	)	$	-
Voya International Core Fund - Class I		271,737		253,624		(152,010	)		5,763			379,114		-		(19,294	)		-
Voya International Index Portfolio - Class I		71,613		103,028		(66,100	)		(7,637	)		100,904		2,623		(1,138	)		-
Voya Large Cap Growth Portfolio - Class I		277,320		299,231		(134,374	)		(64,160	)		378,017		2,487		7,433			43,031
Voya Large Cap Value Fund - Class R6		288,310		367,621		(238,240	)		(40,567	)		377,124		3,051		(15,437	)		11,276
Voya MidCap Opportunities Portfolio - Class I		149,439		150,905		(77,563	)		(8,806	)		213,975		-		(3,091	)		-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		209,270		197,917		(148,928	)		(36,440	)		221,819		-		(8,328	)		-
Voya Multi-Manager International Equity Fund - Class I		340,375		330,273		(173,826	)		(17,606	)		479,216		-		(9,321	)		-
Voya Multi-Manager Large Cap Core Portfolio - Class I		299,936		447,933		(164,275	)		(81,360	)		502,234		888		4,288			35,992
Voya Multi-Manager Mid Cap Value Fund - Class I		333,961		276,094		(198,755	)		(9,028	)		402,272		-		(21,586	)		-
Voya RussellTM Mid Cap Growth Index Portfolio - Class I		185,888		135,775		(106,253	)		(26,826	)		188,584		1,451		17,116			-
Voya Small Company Portfolio - Class I		150,688		158,542		(79,979	)		(28,981	)		200,270		875		(9,038	)		25,265
Voya U.S. Stock Index Portfolio - Class I		268,895		594,771		(283,973	)		(76,391	)		503,302		1,377		963			41,580
VY® Clarion Real Estate Portfolio - Class I		77,170		79,594		(43,962	)		(13,137	)		99,665		1,918		7,360			-
VY® Invesco Comstock Portfolio - Class I		110,975		249,558		(72,703	)		(36,652	)		251,178		1,446		4,095			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		276,458		312,592		(142,056	)		(67,194	)		379,800		-		13,595			57,514
	$	3,382,601	$	4,039,655	$	(2,241,925	)	$	(502,857	)	$	4,677,474	$	17,842	$	(55,340	)	$	214,658

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

Voya Solution Balanced Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 5.2%
	3,894		iShares Barclays 20+ Year Treasury Bond Fund	$	481,065		1.0
	5,832		iShares iBoxx High Yield Corporate Bond Fund		485,747		1.0
	3,826		iShares MSCI Emerging Markets Index Fund		125,416		0.2
	7,698		SPDR Trust Series 1		1,475,168		3.0
		Total Exchange-Traded Funds
		(Cost $2,736,634)			2,567,396		5.2
MUTUAL FUNDS: 94.8%
			Affiliated Investment Companies: 93.8%
	244,471		Voya Floating Rate Fund - Class I		2,420,265		5.0
	245,795		Voya Global Bond Fund - Class R6		2,406,338		4.9
	315,952		Voya High Yield Bond Fund - Class I		2,429,671		5.0
	97,003		Voya Intermediate Bond Fund - Class R6		967,117		2.0
	245,030		Voya International Core Fund - Class I		2,222,420		4.5
	113,197		Voya International Index Portfolio - Class I		985,947		2.0
	166,909		Voya Large Cap Growth Portfolio - Class I		2,955,953		6.0
	322,052		Voya Large Cap Value Fund - Class R6		3,684,273		7.5
	134,964		Voya MidCap Opportunities Portfolio - Class I		1,967,780		4.0
	99,471		Voya Multi-Manager Emerging Markets Equity Fund - Class I		863,411		1.8
	120,807		Voya Multi-Manager International Equity Fund - Class I		1,232,234		2.5
	215,179		Voya Multi-Manager Large Cap Core Portfolio - Class I		2,945,803		6.0
	188,659		Voya Multi-Manager Mid Cap Value Fund - Class I		2,211,084		4.5
	9,505		Voya RussellTM Mid Cap Growth Index Portfolio - Class I		245,700		0.5
	97,514		Voya Short Term Bond Fund - Class R6		967,336		2.0
	51,561		Voya Small Company Portfolio - Class I		978,622		2.0
	180,318		Voya U.S. Bond Index Portfolio - Class I		1,931,210		4.0
	155,330		Voya U.S. Stock Index Portfolio - Class I		1,966,479		4.0
	103,835		VY® BlackRock Inflation Protected Bond Portfolio - Class I		966,706		2.0

Voya Solution Balanced Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited) (Continued)

Shares				Value			Percentage of Net Assets
MUTUAL FUNDS: (continued)
			Affiliated Investment Companies: (continued)
	29,379		VY® Clarion Real Estate Portfolio - Class I	$	974,200			2.0
	95,993	@	VY® Goldman Sachs Bond Portfolio - Class I		966,648			2.0
	116,170		VY® Invesco Comstock Portfolio - Class I		1,719,322			3.5
	193,208		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		4,892,021			10.0
	37,447	@	VY® T. Rowe Price Growth Equity Portfolio - Class I		2,969,896			6.1
					45,870,436			93.8
			Unaffiliated Investment Companies: 1.0%
	96,363	@	Credit Suisse Commodity Return Strategy Fund - Class I		484,707			1.0
		Total Mutual Funds
		(Cost $49,334,566)			46,355,143			94.8
		Total Investments in Securities (Cost $52,071,200)		$	48,922,539			100.0
		Liabilities in Excess of Other Assets			(6,239	)		–
		Net Assets		$	48,916,300			100.0

@	Non-income producing security.
	Cost for federal income tax purposes is $52,315,506.
	Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	124,835
Gross Unrealized Depreciation		(3,517,802	)
Net Unrealized Depreciation	$	(3,392,967	)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	2,567,396	$	–	$	–	$	2,567,396
Mutual Funds		46,355,143		–		–		46,355,143
Total Investments, at fair value	$	48,922,539	$	–	$	–	$	48,922,539

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	990,459	$	269,532	$	(1,358,117	)	$	98,126		$	-	$	20,328	$	(241,516	)	$	-
Voya Floating Rate Fund - Class I		2,613,239		299,895		(470,448	)		(22,421	)		2,420,265		79,434		(3,010	)		-
Voya Global Bond Fund - Class R6		2,592,404		349,615		(488,386	)		(47,295	)		2,406,338		-		(34,089	)		-
Voya High Yield Bond Fund - Class I		3,104,619		445,449		(1,061,032	)		(59,365	)		2,429,671		114,544		(45,979	)		-
Voya Intermediate Bond Fund - Class R6		1,848,477		728,942		(1,573,681	)		(36,621	)		967,117		31,243		33,365			-
Voya International Core Fund - Class I		1,529,318		987,876		(191,184	)		(103,590	)		2,222,420		-		12,181			-
Voya International Index Portfolio - Class I		1,510,736		238,644		(696,396	)		(67,037	)		985,947		30,661		46,737			-
Voya Large Cap Growth Portfolio - Class I		2,603,140		1,192,009		(337,560	)		(501,636	)		2,955,953		17,565		116,834			303,976
Voya Large Cap Value Fund - Class R6		3,137,403		1,434,273		(361,893	)		(525,510	)		3,684,273		28,702		547			115,155
Voya MidCap Opportunities Portfolio - Class I		1,709,949		594,388		(198,111	)		(138,446	)		1,967,780		-		50,490			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		978,763		210,688		(164,759	)		(161,281	)		863,411		-		(3,971	)		-
Voya Multi-Manager International Equity Fund - Class I		1,511,523		214,369		(438,302	)		(55,356	)		1,232,234		-		45,626			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		3,169,348		659,927		(422,086	)		(461,386	)		2,945,803		4,638		65,746			188,047
Voya Multi-Manager Mid Cap Value Fund - Class I		3,133,669		289,859		(1,081,115	)		(131,329	)		2,211,084		-		18,846			-
Voya RussellTM Mid Cap Growth Index Portfolio - Class I		1,439,526		64,906		(1,091,960	)		(166,772	)		245,700		2,226		218,122			-
Voya Short Term Bond Fund - Class R6		1,050,880		119,538		(200,992	)		(2,090	)		967,336		15,086		(1,133	)		-
Voya Small Company Portfolio - Class I		1,061,344		250,024		(121,336	)		(211,410	)		978,622		5,151		14,414			148,787
Voya U.S. Bond Index Portfolio - Class I		2,375,676		1,834,276		(2,242,340	)		(36,402	)		1,931,210		14,299		24,768			4,518
Voya U.S. Stock Index Portfolio - Class I		1,567,935		2,375,079		(1,748,136	)		(228,399	)		1,966,479		2,925		37,125			88,302
VY® BlackRock Inflation Protected Bond Portfolio - Class I		1,040,399		133,537		(211,971	)		4,741			966,706		9,345		(30,093	)		-
VY® Clarion Real Estate Portfolio - Class I		1,089,539		223,544		(208,892	)		(129,991	)		974,200		16,728		75,383			-
VY® Goldman Sachs Bond Portfolio - Class I		-		1,397,803		(437,877	)		6,722			966,648		-		1,623			-
VY® Invesco Comstock Portfolio - Class I		1,562,088		555,121		(182,330	)		(215,557	)		1,719,322		9,482		19,951			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		5,249,773		1,069,715		(694,546	)		(732,921	)		4,892,021		13,584		101,240			681,245
VY® T. Rowe Price Growth Equity Portfolio - Class I		2,594,070		1,309,908		(373,697	)		(560,385	)		2,969,896		-		183,029			430,872
	$	49,464,277	$	17,248,917	$	(16,357,147	)	$	(4,485,611	)	$	45,870,436	$	415,941	$	706,236		$	1,960,902

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

Voya Solution Conservative Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 6.5%
	1,357		iShares Barclays 20+ Year Treasury Bond Fund	$	167,644		1.0
	5,082		iShares iBoxx High Yield Corporate Bond Fund		423,280		2.5
	2,683		SPDR Trust Series 1		514,143		3.0
		Total Exchange-Traded Funds
		(Cost $1,180,952)			1,105,067		6.5
MUTUAL FUNDS: 93.5%
			Affiliated Investment Companies: 92.5%
	119,199		Voya Floating Rate Fund - Class I		1,180,072		7.0
	205,473		Voya Global Bond Fund - Class R6		2,011,580		11.9
	164,951		Voya High Yield Bond Fund - Class I		1,268,472		7.5
	109,788		Voya Intermediate Bond Fund - Class R6		1,094,588		6.5
	59,117		Voya International Index Portfolio - Class I		514,907		3.1
	29,022		Voya Large Cap Growth Portfolio - Class I		513,977		3.0
	44,828		Voya Large Cap Value Fund - Class R6		512,829		3.0
	23,484		Voya MidCap Opportunities Portfolio - Class I		342,390		2.0
	29,178		Voya Multi-Manager Mid Cap Value Fund - Class I		341,969		2.0
	135,837		Voya Short Term Bond Fund - Class R6		1,347,501		8.0
	172,701		Voya U.S. Bond Index Portfolio - Class I		1,849,631		10.9
	27,022		Voya U.S. Stock Index Portfolio - Class I		342,100		2.0
	162,724		VY® BlackRock Inflation Protected Bond Portfolio - Class I		1,514,965		9.0
	108,649	@	VY® Goldman Sachs Bond Portfolio - Class I		1,094,092		6.5
	67,283		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		1,703,597		10.1
					15,632,670		92.5
			Unaffiliated Investment Companies: 1.0%
	33,574	@	Credit Suisse Commodity Return Strategy Fund - Class I		168,875		1.0
		Total Mutual Funds
		(Cost $16,699,443)			15,801,545		93.5

Voya Solution Conservative Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited) (Continued)

Total Investments in Securities (Cost $17,880,395)	$	16,906,612	100.0
Assets in Excess of Other Liabilities		1,105	–
Net Assets	$	16,907,717	100.0

@ Non-income producing security.

Cost for federal income tax purposes is $18,081,465.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	7,184
Gross Unrealized Depreciation		(1,182,037	)
Net Unrealized Depreciation	$	(1,174,853	)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	1,105,067	$	–	$	–	$	1,105,067
Mutual Funds		15,801,545		–		–		15,801,545
Total Investments, at fair value	$	16,906,612	$	–	$	–	$	16,906,612

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Floating Rate Fund - Class I	$	1,239,823	$	176,863	$	(223,134	)	$	(13,480	)	$	1,180,072	$	37,671	$	1,510		$	-
Voya Global Bond Fund - Class R6		2,108,839		299,121		(347,709	)		(48,671	)		2,011,580		-		(17,205	)		-
Voya High Yield Bond Fund - Class I		1,757,391		333,619		(807,845	)		(14,693	)		1,268,472		61,554		(31,396	)		-
Voya Intermediate Bond Fund - Class R6		1,163,478		540,872		(593,567	)		(16,195	)		1,094,588		25,112		3,393			-
Voya International Index Portfolio - Class I		511,860		159,898		(123,544	)		(33,307	)		514,907		15,790		1,384			-
Voya Large Cap Growth Portfolio - Class I		265,344		440,016		(104,812	)		(86,571	)		513,977		2,891		16,554			50,033
Voya Large Cap Value Fund - Class R6		532,164		191,036		(137,905	)		(72,466	)		512,829		4,254		3,297			19,411
Voya MidCap Opportunities Portfolio - Class I		623,820		79,470		(304,023	)		(56,877	)		342,390		-		59,982			-
Voya Multi-Manager Mid Cap Value Fund - Class I		619,328		93,524		(367,206	)		(3,677	)		341,969		-		(6,264	)		-
Voya Short Term Bond Fund - Class R6		1,424,594		190,960		(265,080	)		(2,973	)		1,347,501		20,358		(1,347	)		-
Voya U.S. Bond Index Portfolio - Class I		3,131,187		927,313		(2,196,893	)		(11,976	)		1,849,631		18,505		6,776			4,241
Voya U.S. Stock Index Portfolio - Class I		-		420,258		(23,988	)		(54,170	)		342,100		994		(1,673	)		30,006
VY® BlackRock Inflation Protected Bond Portfolio - Class I		1,586,972		227,511		(305,304	)		5,786			1,514,965		14,239		(44,585	)		-
VY® Goldman Sachs Bond Portfolio - Class I		-		1,547,000		(460,092	)		7,184			1,094,092		-		1,252			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		1,778,512		441,378		(287,839	)		(228,454	)		1,703,597		4,559		14,869			228,645
VY® T. Rowe Price Growth Equity Portfolio - Class I		263,628		18,879		(239,882	)		(42,625	)		-		-		59,016			-
	$	17,006,940	$	6,087,718	$	(6,788,823	)	$	(673,165	)	$	15,632,670	$	205,927	$	65,563		$	332,336

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

Voya Solution Income Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 3.0%
	49,539		iShares Barclays 20+ Year Treasury Bond Fund	$	6,120,048		1.0
	74,198		iShares iBoxx High Yield Corporate Bond Fund		6,179,951		1.0
	32,604		SPDR Trust Series 1		6,247,905		1.0
		Total Exchange-Traded Funds
		(Cost $19,772,785)			18,547,904		3.0
MUTUAL FUNDS: 97.0%
			Affiliated Investment Companies: 96.0%
	3,102,543		Voya Floating Rate Fund - Class I		30,715,173		5.0
	3,743,087		Voya Global Bond Fund - Class R6		36,644,826		5.9
	2,401,381		Voya High Yield Bond Fund - Class I		18,466,617		3.0
	4,923,873		Voya Intermediate Bond Fund - Class R6		49,091,012		8.0
	2,071,227		Voya International Core Fund - Class I		18,786,025		3.0
	1,435,324		Voya International Index Portfolio - Class I		12,501,675		2.0
	1,057,893		Voya Large Cap Growth Portfolio - Class I		18,735,277		3.0
	2,178,629		Voya Large Cap Value Fund - Class R6		24,923,520		4.0
	641,844		Voya MidCap Opportunities Portfolio - Class I		9,358,083		1.5
	1,905,221		Voya Multi-Manager Large Cap Core Portfolio - Class I		26,082,469		4.2
	797,546		Voya Multi-Manager Mid Cap Value Fund - Class I		9,347,239		1.5
	4,949,759		Voya Short Term Bond Fund - Class R6		49,101,605		8.0
	7,322,657		Voya U.S. Bond Index Portfolio - Class I		78,425,652		12.7
	1,974,508		Voya U.S. Stock Index Portfolio - Class I		24,997,265		4.1
	5,929,504		VY® BlackRock Inflation Protected Bond Portfolio - Class I		55,203,678		9.0
	372,713		VY® Clarion Real Estate Portfolio - Class I		12,359,169		2.0
	4,872,603	@	VY® Goldman Sachs Bond Portfolio - Class I		49,067,112		8.0
	1,960,799		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		49,647,433		8.0
	237,289	@	VY® T. Rowe Price Growth Equity Portfolio - Class I		18,819,429		3.1
					592,273,259		96.0

		Unaffiliated Investment Companies: 1.0%
1,225,997	@	Credit Suisse Commodity Return Strategy Fund - Class I	$	6,166,763		1.0
	Total Mutual Funds
	(Cost $627,160,913)			598,440,022		97.0
	Total Investments in Securities (Cost $646,933,698)		$	616,987,926		100.0
	Liabilities in Excess of Other Assets			(66,070	)	–
	Net Assets		$	616,921,856		100.0

@ Non-income producing security.

Cost for federal income tax purposes is $652,967,725.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	2,126,057
Gross Unrealized Depreciation		(38,105,856	)
Net Unrealized Depreciation	$	(35,979,799	)

Voya Solution Income Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	18,547,904	$	–	$	–	$	18,547,904
Mutual Funds		598,440,022		–		–		598,440,022
Total Investments, at fair value	$	616,987,926	$	–	$	–	$	616,987,926

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Floating Rate Fund - Class I	$	8,405,003	$	25,951,995	$	(3,269,687	)	$	(372,138	)	$	30,715,173	$	379,305	$	13,894		$	-
Voya Global Bond Fund - Class R6		10,005,050		28,651,920		(4,728,488	)		2,716,344			36,644,826		-		(495,694	)		-
Voya High Yield Bond Fund - Class I		6,638,416		16,481,308		(4,198,190	)		(454,917	)		18,466,617		320,442		(186,506	)		-
Voya Intermediate Bond Fund - Class R6		16,988,417		41,812,805		(9,532,331	)		(177,879	)		49,091,012		413,019		(16,976	)		-
Voya International Core Fund - Class I		-		21,558,162		(1,049,393	)		(1,722,744	)		18,786,025		-		(52,253	)		-
Voya International Index Portfolio - Class I		4,857,208		11,726,130		(2,922,398	)		(1,159,265	)		12,501,675		93,776		117,353			-
Voya Large Cap Growth Portfolio - Class I		4,983,918		17,333,494		(1,485,643	)		(2,096,492	)		18,735,277		26,647		375,013			461,148
Voya Large Cap Value Fund - Class R6		5,846,561		24,703,039		(2,998,140	)		(2,627,940	)		24,923,520		49,026		(122,360	)		209,473
Voya MidCap Opportunities Portfolio - Class I		5,077,224		8,379,248		(3,126,252	)		(972,137	)		9,358,083		-		395,152			-
Voya Multi-Manager International Equity Fund - Class I		3,239,895		174,268		(3,725,871	)		311,708			-		-		(90	)		-
Voya Multi-Manager Large Cap Core Portfolio - Class I		7,221,013		25,642,991		(3,951,507	)		(2,830,028	)		26,082,469		9,751		333,922			395,388
Voya Multi-Manager Mid Cap Value Fund - Class I		5,039,270		8,486,258		(3,508,552	)		(669,737	)		9,347,239		-		(19,685	)		-
Voya Short Term Bond Fund - Class R6		13,520,585		41,324,144		(5,744,233	)		1,109			49,101,605		282,839		(37,586	)		-
Voya U.S. Bond Index Portfolio - Class I		31,839,986		72,726,184		(26,474,955	)		334,437			78,425,652		200,378		(40,677	)		44,316
Voya U.S. Stock Index Portfolio - Class I		-		28,446,026		(1,145,079	)		(2,303,682	)		24,997,265		9,019		(180,798	)		272,250
VY® BlackRock Inflation Protected Bond Portfolio - Class I		15,057,129		46,325,118		(6,387,777	)		209,208			55,203,678		133,879		(1,018,548	)		-
VY® Clarion Real Estate Portfolio - Class I		3,505,431		10,838,758		(1,060,364	)		(924,656	)		12,359,169		50,853		309,055			-
VY® Goldman Sachs Bond Portfolio - Class I		-		57,098,074		(8,331,853	)		300,891			49,067,112		-		35,747			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		13,508,310		43,977,180		(4,277,230	)		(3,560,827	)		49,647,433		33,039		(217	)		1,656,964
VY® T. Rowe Price Growth Equity Portfolio - Class I		4,171,518		18,262,450		(1,310,374	)		(2,304,165	)		18,819,429		-		446,612			655,930
	$	159,904,934	$	549,899,552	$	(99,228,317	)	$	(18,302,910	)	$	592,273,259	$	2,001,973	$	(144,642	)	$	3,695,469

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

Voya Solution Moderately Aggressive Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 8.5%
	60,049		iShares Barclays 20+ Year Treasury Bond Fund	$	7,418,454		1.0
	89,939		iShares iBoxx High Yield Corporate Bond Fund		7,491,019		1.0
	4,690		iShares MSCI Emerging Markets Index Fund		153,738		0.0
	203,039		iShares Russell 1000 Value Index Fund		18,939,478		2.5
	158,337		SPDR Trust Series 1		30,342,119		4.0
		Total Exchange-Traded Funds
		(Cost $69,442,582)			64,344,808		8.5
MUTUAL FUNDS: 91.5%
			Affiliated Investment Companies: 90.5%
	2,262,328		Voya Floating Rate Fund - Class I		22,397,043		3.0
	1,515,717		Voya Global Bond Fund - Class R6		14,838,866		2.0
	2,924,191		Voya High Yield Bond Fund - Class I		22,487,030		3.0
	2,243,848		Voya Intermediate Bond Fund - Class R6		22,371,163		2.9
	5,039,025		Voya International Core Fund - Class I		45,703,956		6.0
	1,746,429		Voya International Index Portfolio - Class I		15,211,395		2.0
	3,216,466		Voya Large Cap Growth Portfolio - Class I		56,963,607		7.5
	4,963,298		Voya Large Cap Value Fund - Class R6		56,780,125		7.5
	2,212,509		Voya MidCap Opportunities Portfolio - Class I		32,258,386		4.3
	3,494,711		Voya Multi-Manager Emerging Markets Equity Fund - Class I		30,334,090		4.0
	5,964,036		Voya Multi-Manager International Equity Fund - Class I		60,833,169		8.0
	4,700,320		Voya Multi-Manager Large Cap Core Portfolio - Class I		64,347,377		8.5
	4,365,932		Voya Multi-Manager Mid Cap Value Fund - Class I		51,168,721		6.7
	733,275		Voya RussellTM Mid Cap Growth Index Portfolio - Class I		18,955,148		2.5
	1,193,095		Voya Small Company Portfolio - Class I		22,644,940		3.0
	3,593,142		Voya U.S. Stock Index Portfolio - Class I		45,489,175		6.0
	453,124		VY® Clarion Real Estate Portfolio - Class I		15,025,578		2.0
	2,047,184		VY® Invesco Comstock Portfolio - Class I		30,298,321		4.0
	722,124	@	VY® T. Rowe Price Growth Equity Portfolio - Class I		57,271,620		7.6
					685,379,710		90.5
			Unaffiliated Investment Companies: 1.0%
	1,486,484	@	Credit Suisse Commodity Return Strategy Fund - Class I		7,477,016		1.0
		Total Mutual Funds
		(Cost $753,428,289)			692,856,726		91.5
		Total Investments in Securities (Cost $822,870,871)		$	757,201,534		100.0
		Assets in Excess of Other Liabilities			14,310		–
		Net Assets		$	757,215,844		100.0

@	Non-income producing security.
	Cost for federal income tax purposes is $824,687,959.
	Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	–
Gross Unrealized Depreciation		(67,486,425	)
Net Unrealized Depreciation	$	(67,486,425	)

Voya Solution Moderately Aggressive Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	64,344,808	$	–	$	–	$	64,344,808
Mutual Funds		692,856,726		–		–		692,856,726
Total Investments, at fair value	$	757,201,534	$	–	$	–	$	757,201,534

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	613,979	$	16,612,467	$	(17,286,811	)	$	60,365		$	-	$	13,114	$	(1,144,162	)	$	-
Voya Floating Rate Fund - Class I		973,576		24,954,781		(3,245,385	)		(285,929	)		22,397,043		159,394		(50,156	)		-
Voya Global Bond Fund - Class R6		643,873		16,603,275		(2,411,617	)		3,335			14,838,866		-		(45,423	)		-
Voya High Yield Bond Fund - Class I		1,608,616		25,112,345		(3,516,241	)		(717,690	)		22,487,030		211,360		(143,717	)		-
Voya Intermediate Bond Fund - Class R6		-		25,808,910		(3,378,320	)		(59,427	)		22,371,163		81,528		(23,002	)		-
Voya International Core Fund - Class I		1,740,018		50,625,242		(1,882,492	)		(4,778,812	)		45,703,956		-		(188,135	)		-
Voya International Index Portfolio - Class I		937,283		17,047,056		(1,018,241	)		(1,754,703	)		15,211,395		19,796		(36,025	)		-
Voya Large Cap Growth Portfolio - Class I		1,938,889		62,391,367		(2,159,074	)		(5,207,575	)		56,963,607		14,143		81,332			244,747
Voya Large Cap Value Fund - Class R6		1,601,294		64,033,688		(3,042,683	)		(5,812,174	)		56,780,125		16,939		(242,882	)		61,106
Voya MidCap Opportunities Portfolio - Class I		1,224,966		35,295,447		(1,183,628	)		(3,078,399	)		32,258,386		-		57,591			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		1,213,144		33,989,809		(1,429,717	)		(3,439,146	)		30,334,090		-		(227,898	)		-
Voya Multi-Manager International Equity Fund - Class I		2,344,334		67,904,775		(2,343,759	)		(7,072,181	)		60,833,169		-		(54,014	)		-
Voya Multi-Manager Large Cap Core Portfolio - Class I		2,787,685		71,518,577		(3,815,711	)		(6,143,174	)		64,347,377		4,233		(29,151	)		171,620
Voya Multi-Manager Mid Cap Value Fund - Class I		2,674,553		55,815,049		(2,633,609	)		(4,687,272	)		51,168,721		-		(188,171	)		-
Voya RussellTM Mid Cap Growth Index Portfolio - Class I		1,462,299		20,764,767		(1,255,707	)		(2,016,211	)		18,955,148		7,326		196,035			-
Voya Small Company Portfolio - Class I		988,576		24,885,093		(915,656	)		(2,313,073	)		22,644,940		4,985		(36,690	)		143,988
Voya U.S. Stock Index Portfolio - Class I		1,113,525		50,219,683		(2,313,978	)		(3,530,055	)		45,489,175		3,820		(162,447	)		115,315
VY® Clarion Real Estate Portfolio - Class I		676,956		16,635,522		(1,642,757	)		(644,143	)		15,025,578		10,777		61,112			-
VY® Invesco Comstock Portfolio - Class I		969,552		34,112,306		(1,156,077	)		(3,627,460	)		30,298,321		6,824		(9,998	)		-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		2,444,693		181,871		(2,488,627	)		(137,937	)		-		-		209,379			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		1,931,738		63,310,044		(2,199,353	)		(5,770,809	)		57,271,620		-		116,675			339,146
	$	29,889,549	$	777,822,074	$	(61,319,443	)	$	(61,012,470	)	$	685,379,710	$	554,239	$	(1,859,747	)	$	1,075,922

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

Voya Solution Moderately Conservative Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited)

Shares				Value			Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 5.0%
	3,413		iShares Barclays 20+ Year Treasury Bond Fund	$	421,642			1.0
	5,112		iShares iBoxx High Yield Corporate Bond Fund		425,779			1.0
	6,748		SPDR Trust Series 1		1,293,119			3.0
		Total Exchange-Traded Funds
		(Cost $2,273,585)			2,140,540			5.0
MUTUAL FUNDS: 95.0%
			Affiliated Investment Companies: 94.0%
	97,861		Voya Emerging Markets Index Portfolio - Class I		869,003			2.0
	214,200		Voya Floating Rate Fund - Class I		2,120,577			5.0
	215,373		Voya Global Bond Fund - Class R6		2,108,506			4.9
	276,781		Voya High Yield Bond Fund - Class I		2,128,449			5.0
	276,197		Voya Intermediate Bond Fund - Class R6		2,753,683			6.5
	238,550		Voya International Core Fund - Class I		2,163,645			5.1
	99,155		Voya International Index Portfolio - Class I		863,638			2.0
	67,009		Voya Large Cap Growth Portfolio - Class I		1,186,725			2.8
	112,856		Voya Large Cap Value Fund - Class R6		1,291,071			3.0
	103,445		Voya MidCap Opportunities Portfolio - Class I		1,508,229			3.5
	62,802		Voya Multi-Manager Large Cap Core Portfolio - Class I		859,758			2.0
	137,759		Voya Multi-Manager Mid Cap Value Fund - Class I		1,614,538			3.8
	4,188		Voya RussellTM Mid Cap Growth Index Portfolio - Class I		108,259			0.3
	213,577		Voya Short Term Bond Fund - Class R6		2,118,682			5.0
	45,160		Voya Small Company Portfolio - Class I		857,137			2.0
	434,478		Voya U.S. Bond Index Portfolio - Class I		4,653,261			10.9
	68,012		Voya U.S. Stock Index Portfolio - Class I		861,032			2.0
	227,440		VY® BlackRock Inflation Protected Bond Portfolio - Class I		2,117,465			5.0
	25,735		VY® Clarion Real Estate Portfolio - Class I		853,368			2.0
	273,333	@	VY® Goldman Sachs Bond Portfolio - Class I		2,752,464			6.4
	50,887		VY® Invesco Comstock Portfolio - Class I		753,121			1.8
	169,253		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		4,285,476			10.0
	16,393	@	VY® T. Rowe Price Growth Equity Portfolio - Class I		1,300,110			3.0
					40,128,197			94.0
			Unaffiliated Investment Companies: 1.0%
	84,453	@	Credit Suisse Commodity Return Strategy Fund - Class I		424,798			1.0
		Total Mutual Funds
		(Cost $43,004,959)			40,552,995			95.0
		Total Investments in Securities (Cost $45,278,544)		$	42,693,535			100.0
		Liabilities in Excess of Other Assets			(5,266	)		–
		Net Assets		$	42,688,269			100.0

@ Non-income producing security.

Cost for federal income tax purposes is $45,700,628.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	211,247
Gross Unrealized Depreciation		(3,218,340	)
Net Unrealized Depreciation	$	(3,007,093	)

Voya Solution Moderately Conservative Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	2,140,540	$	–	$	–	$	2,140,540
Mutual Funds		40,552,995		–		–		40,552,995
Total Investments, at fair value	$	42,693,535	$	–	$	–	$	42,693,535

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	850,238	$	347,780	$	(197,718	)	$	(131,297	)	$	869,003	$	17,125	$	(13,147	)	$	-
Voya Floating Rate Fund - Class I		2,245,771		332,598		(435,779	)		(22,013	)		2,120,577		67,489		916			-
Voya Global Bond Fund - Class R6		2,228,129		377,811		(452,368	)		(45,066	)		2,108,506		-		(23,596	)		-
Voya High Yield Bond Fund - Class I		2,665,179		516,171		(993,696	)		(59,205	)		2,128,449		97,258		(30,130	)		-
Voya Intermediate Bond Fund - Class R6		3,859,131		532,311		(1,598,063	)		(39,696	)		2,753,683		66,589		13,793			-
Voya International Core Fund - Class I		875,804		1,671,473		(242,852	)		(140,780	)		2,163,645		-		3,892			-
Voya International Index Portfolio - Class I		1,297,538		291,802		(683,469	)		(42,233	)		863,638		25,894		27,111			-
Voya Large Cap Growth Portfolio - Class I		1,117,967		459,891		(194,833	)		(196,300	)		1,186,725		6,732		52,931			116,498
Voya Large Cap Value Fund - Class R6		1,796,615		387,256		(690,687	)		(202,113	)		1,291,071		12,691		9,479			66,149
Voya MidCap Opportunities Portfolio - Class I		1,242,951		583,470		(199,553	)		(118,639	)		1,508,229		-		53,406			-
Voya Multi-Manager International Equity Fund - Class I		865,463		57,624		(938,641	)		15,554			-		-		69,005			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		666,906		628,407		(275,066	)		(160,489	)		859,758		1,258		48,804			51,024
Voya Multi-Manager Mid Cap Value Fund - Class I		2,355,197		350,979		(1,029,726	)		(61,912	)		1,614,538		-		(11,219	)		-
Voya RussellTM Mid Cap Growth Index Portfolio - Class I		1,124,125		102,145		(984,563	)		(133,448	)		108,259		916		182,706			-
Voya Short Term Bond Fund - Class R6		2,258,329		313,783		(448,989	)		(4,441	)		2,118,682		31,856		(2,183	)		-
Voya Small Company Portfolio - Class I		911,814		276,797		(140,820	)		(190,654	)		857,137		4,340		25,548			125,350
Voya U.S. Bond Index Portfolio - Class I		7,034,655		2,418,147		(4,686,751	)		(112,790	)		4,653,261		46,243		97,441			10,452
Voya U.S. Stock Index Portfolio - Class I		446,564		1,117,748		(563,423	)		(139,857	)		861,032		2,478		9,065			74,807
VY® BlackRock Inflation Protected Bond Portfolio - Class I		2,235,897		347,068		(478,239	)		12,739			2,117,465		20,216		(66,741	)		-
VY® Clarion Real Estate Portfolio - Class I		936,305		213,914		(183,490	)		(113,361	)		853,368		13,998		66,823			-
VY® Goldman Sachs Bond Portfolio - Class I		-		3,929,969		(1,196,371	)		18,866			2,752,464		-		3,385			-
VY® Invesco Comstock Portfolio - Class I		-		917,190		(64,724	)		(99,345	)		753,121		3,965		(1,457	)		-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		4,510,492		1,158,106		(815,682	)		(567,440	)		4,285,476		11,370		41,338			570,229
VY® T. Rowe Price Growth Equity Portfolio - Class I		1,114,007		646,713		(211,047	)		(249,563	)		1,300,110		-		93,390			180,171
	$	42,639,077	$	17,979,153	$	(17,706,550	)	$	(2,783,483	)	$	40,128,197	$	430,418	$	650,560		$	1,194,680

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

Voya Solution 2020 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 4.0%
	422		iShares iBoxx High Yield Corporate Bond Fund	$	35,148		1.0
	557		SPDR Trust Series 1		106,738		3.0
		Total Exchange-Traded Funds
		(Cost $145,460)			141,886		4.0
MUTUAL FUNDS: 95.9%
			Affiliated Investment Companies: 94.9%
	17,820		Voya Floating Rate Fund - Class I		176,421		5.0
	21,520		Voya Global Bond Fund - Class R6		210,685		5.9
	13,852		Voya High Yield Bond Fund - Class I		106,518		3.0
	14,144		Voya Intermediate Bond Fund - Class R6		141,020		4.0
	19,864		Voya International Core Fund - Class I		180,169		5.1
	8,262		Voya International Index Portfolio - Class I		71,964		2.0
	9,132		Voya Large Cap Growth Portfolio - Class I		161,726		4.5
	12,530		Voya Large Cap Value Fund - Class R6		143,345		4.0
	6,155		Voya MidCap Opportunities Portfolio - Class I		89,735		2.5
	14,108		Voya Multi-Manager International Equity Fund - Class I		143,904		4.0
	10,578		Voya Multi-Manager Large Cap Core Portfolio - Class I		144,815		4.1
	7,647		Voya Multi-Manager Mid Cap Value Fund - Class I		89,623		2.5
	21,331		Voya Short Term Bond Fund - Class R6		211,608		5.9
	5,643		Voya Small Company Portfolio - Class I		107,096		3.0
	24,666		Voya U.S. Bond Index Portfolio - Class I		264,173		7.4
	5,666		Voya U.S. Stock Index Portfolio - Class I		71,729		2.0
	26,512		VY® BlackRock Inflation Protected Bond Portfolio - Class I		246,829		6.9
	2,143		VY® Clarion Real Estate Portfolio - Class I		71,067		2.0
	12,255	@	VY® Goldman Sachs Bond Portfolio - Class I		123,407		3.5
	7,264		VY® Invesco Comstock Portfolio - Class I		107,507		3.0
	14,094		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		356,850		10.0
	2,048	@	VY® T. Rowe Price Growth Equity Portfolio - Class I		162,442		4.6
					3,382,633		94.9
			Unaffiliated Investment Companies: 1.0%
	6,968	@	Credit Suisse Commodity Return Strategy Fund - Class I	$	35,047		1.0
		Total Mutual Funds
		(Cost $3,491,327)			3,417,680		95.9
		Total Investments in Securities (Cost $3,636,787)		$	3,559,566		99.9
		Assets in Excess of Other Liabilities			2,970		0.1
		Net Assets		$	3,562,536		100.0

@ Non-income producing security.

Cost for federal income tax purposes is $3,656,666.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	2,003
Gross Unrealized Depreciation		(99,103	)
Net Unrealized Depreciation	$	(97,100	)

Voya Solution 2020 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	141,886	$	–	$	–	$	141,886
Mutual Funds		3,417,680		–		–		3,417,680
Total Investments, at fair value	$	3,559,566	$	–	$	–	$	3,559,566

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Floating Rate Fund - Class I	$	32,382	$	180,013	$	(34,979	)	$	(995	)	$	176,421	$	1,385	$	(398	)	$	-
Voya Global Bond Fund - Class R6		38,552		220,406		(49,550	)		1,277			210,685		-		(3,168	)		-
Voya High Yield Bond Fund - Class I		25,793		150,412		(68,351	)		(1,336	)		106,518		1,233		(1,700	)		-
Voya Intermediate Bond Fund - Class R6		29,447		153,473		(41,578	)		(322	)		141,020		813		(201	)		-
Voya International Core Fund - Class I		22,113		193,668		(33,430	)		(2,182	)		180,169		-		(2,204	)		-
Voya International Index Portfolio - Class I		18,725		75,534		(20,344	)		(1,951	)		71,964		388		(204	)		-
Voya Large Cap Growth Portfolio - Class I		35,565		166,984		(33,037	)		(7,786	)		161,726		192		1,122			3,327
Voya Large Cap Value Fund - Class R6		22,757		149,795		(23,558	)		(5,649	)		143,345		215		(787	)		825
Voya MidCap Opportunities Portfolio - Class I		19,563		90,912		(17,819	)		(2,921	)		89,735		-		94			-
Voya Multi-Manager International Equity Fund - Class I		28,103		148,976		(30,772	)		(2,403	)		143,904		-		(1,343	)		-
Voya Multi-Manager Large Cap Core Portfolio - Class I		32,728		300,222		(184,055	)		(4,080	)		144,815		52		(4,330	)		2,090
Voya Multi-Manager Mid Cap Value Fund - Class I		32,371		92,133		(34,617	)		(264	)		89,623		-		(2,549	)		-
Voya RussellTM Mid Cap Growth Index Portfolio - Class I		12,976		737		(12,491	)		(1,222	)		-		-		1,931			-
Voya Short Term Bond Fund - Class R6		39,064		218,819		(46,455	)		180			211,608		779		(358	)		-
Voya Small Company Portfolio - Class I		19,731		111,882		(17,287	)		(7,230	)		107,096		98		66			2,817
Voya U.S. Bond Index Portfolio - Class I		49,059		306,723		(92,252	)		643			264,173		402		(402	)		107
Voya U.S. Stock Index Portfolio - Class I		-		85,586		(11,230	)		(2,627	)		71,729		42		(761	)		1,271
VY® BlackRock Inflation Protected Bond Portfolio - Class I		45,126		255,975		(54,037	)		(235	)		246,829		400		(1,873	)		-
VY® Clarion Real Estate Portfolio - Class I		13,494		73,130		(14,868	)		(689	)		71,067		247		913			-
VY® Goldman Sachs Bond Portfolio - Class I		-		152,227		(29,242	)		422			123,407		-		(51	)		-
VY® Invesco Comstock Portfolio - Class I		19,362		111,608		(17,839	)		(5,624	)		107,507		52		1,166			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		65,055		372,202		(72,309	)		(8,098	)		356,850		199		(5,813	)		9,986
VY® T. Rowe Price Growth Equity Portfolio - Class I		19,292		177,769		(25,250	)		(9,369	)		162,442		-		2,969			2,049
	$	621,258	$	3,789,186	$	(965,350	)	$	(62,461	)	$	3,382,633	$	6,497	$	(17,881	)	$	22,472

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

Voya Solution 2025 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 4.2%
	121,746		iShares iBoxx High Yield Corporate Bond Fund	$	10,140,224		1.0
	38,900		iShares MSCI Emerging Markets Index Fund		1,275,142		0.1
	160,699		SPDR Trust Series 1		30,794,750		3.1
		Total Exchange-Traded Funds
		(Cost $45,003,175)			42,210,116		4.2
MUTUAL FUNDS: 95.8%
			Affiliated Investment Companies: 94.8%
	2,320,265		Voya Emerging Markets Index Portfolio - Class I		20,603,953		2.0
	5,084,432		Voya Floating Rate Fund - Class I		50,335,877		5.0
	6,133,003		Voya Global Bond Fund - Class R6		60,042,096		5.9
	3,937,805		Voya High Yield Bond Fund - Class I		30,281,724		3.0
	3,530,144		Voya Intermediate Bond Fund - Class R6		35,195,537		3.5
	6,793,886		Voya International Core Fund - Class I		61,620,548		6.1
	2,353,894		Voya International Index Portfolio - Class I		20,502,420		2.0
	2,892,739		Voya Large Cap Growth Portfolio - Class I		51,230,400		5.0
	3,571,907		Voya Large Cap Value Fund - Class R6		40,862,621		4.0
	1,754,175		Voya MidCap Opportunities Portfolio - Class I		25,575,878		2.5
	1,037,303		Voya Multi-Manager Emerging Markets Equity Fund - Class I		9,003,792		0.9
	6,029,158		Voya Multi-Manager International Equity Fund - Class I		61,497,415		6.0
	3,717,680		Voya Multi-Manager Large Cap Core Portfolio - Class I		50,895,033		5.0
	3,051,467		Voya Multi-Manager Mid Cap Value Fund - Class I		35,763,199		3.5
	395,319		Voya RussellTM Mid Cap Growth Index Portfolio - Class I		10,218,989		1.0
	5,069,397		Voya Short Term Bond Fund - Class R6		50,288,418		4.9
	1,608,356		Voya Small Company Portfolio - Class I		30,526,589		3.0
	5,156,046		Voya U.S. Bond Index Portfolio - Class I		55,221,248		5.4
	1,614,554		Voya U.S. Stock Index Portfolio - Class I		20,440,255		2.0
	610,957		VY® Clarion Real Estate Portfolio - Class I		20,259,337		2.0
	2,994,364	@	VY® Goldman Sachs Bond Portfolio - Class I		30,153,245		3.0
	2,759,132		VY® Invesco Comstock Portfolio - Class I		40,835,147		4.0
	4,018,359		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		101,744,841		10.0
	648,653	@	VY® T. Rowe Price Growth Equity Portfolio - Class I		51,444,698		5.1
					964,543,260		94.8
			Unaffiliated Investment Companies: 1.0%
	2,011,751	@	Credit Suisse Commodity Return Strategy Fund - Class I		10,119,110		1.0
		Total Mutual Funds
		(Cost $1,031,570,343)			974,662,370		95.8
		Total Investments in Securities (Cost $1,076,573,518)		$	1,016,872,486		100.0
		Assets in Excess of Other Liabilities			140,726		–
		Net Assets		$	1,017,013,212		100.0

@ Non-income producing security.

Cost for federal income tax purposes is $1,082,320,463.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	3,197,147
Gross Unrealized Depreciation		(68,645,124	)
Net Unrealized Depreciation	$	(65,447,977	)

Voya Solution 2025 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	42,210,116	$	–	$	–	$	42,210,116
Mutual Funds		974,662,370		–		–		974,662,370
Total Investments, at fair value	$	1,016,872,486	$	–	$	–	$	1,016,872,486

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	21,915,882	$	6,483,647	$	(4,535,923	)	$	(3,259,653	)	$	20,603,953	$	434,779	$	(399,873	)	$	-
Voya Floating Rate Fund - Class I		57,969,673		4,057,144		(11,262,835	)		(428,105	)		50,335,877		1,705,686		(105,624	)		-
Voya Global Bond Fund - Class R6		68,991,426		6,287,421		(14,547,633	)		(689,118	)		60,042,096		-		(1,414,267	)		-
Voya High Yield Bond Fund - Class I		45,422,442		4,929,887		(19,420,747	)		(649,858	)		30,281,724		1,524,446		(647,840	)		-
Voya Intermediate Bond Fund - Class R6		35,164,284		20,452,404		(19,558,949	)		(862,202	)		35,195,537		832,331		416,752			-
Voya International Core Fund - Class I		50,831,723		20,337,855		(6,972,703	)		(2,576,327	)		61,620,548		-		595,187			-
Voya International Index Portfolio - Class I		44,610,862		4,416,098		(27,422,022	)		(1,102,518	)		20,502,420		652,094		1,771,791			-
Voya Large Cap Growth Portfolio - Class I		68,471,758		11,979,669		(17,214,760	)		(12,006,267	)		51,230,400		311,727		6,072,932			5,394,618
Voya Large Cap Value Fund - Class R6		51,385,914		9,189,840		(13,707,180	)		(6,005,953	)		40,862,621		389,565		(198,229	)		1,869,360
Voya MidCap Opportunities Portfolio - Class I		35,016,338		1,670,059		(8,581,188	)		(2,529,331	)		25,575,878		-		1,847,272			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		10,823,904		1,932,888		(2,042,647	)		(1,710,353	)		9,003,792		-		(56,859	)		-
Voya Multi-Manager International Equity Fund - Class I		61,372,711		11,509,250		(8,141,093	)		(3,243,453	)		61,497,415		-		1,136,447			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		70,317,236		11,918,931		(21,501,587	)		(9,839,547	)		50,895,033		82,333		3,087,184			3,338,322
Voya Multi-Manager Mid Cap Value Fund - Class I		69,491,025		3,714,890		(36,124,403	)		(1,318,313	)		35,763,199		-		13,830			-
Voya RussellTM Mid Cap Growth Index Portfolio - Class I		34,830,387		1,091,236		(22,069,287	)		(3,633,347	)		10,218,989		96,593		4,381,465			-
Voya Short Term Bond Fund - Class R6		57,777,383		4,635,439		(12,023,060	)		(101,344	)		50,288,418		803,216		(69,488	)		-
Voya Small Company Portfolio - Class I		35,328,434		6,883,207		(4,114,392	)		(7,570,660	)		30,526,589		165,260		1,317,749			4,773,495
Voya U.S. Bond Index Portfolio - Class I		58,583,753		50,074,696		(51,884,462	)		(1,552,739	)		55,221,248		431,320		1,154,749			133,064
Voya U.S. Stock Index Portfolio - Class I		-		25,280,555		(1,458,206	)		(3,382,094	)		20,440,255		62,875		(123,532	)		1,897,979
VY® Clarion Real Estate Portfolio - Class I		24,205,245		3,952,998		(5,126,390	)		(2,772,516	)		20,259,337		359,870		1,654,299			-
VY® Goldman Sachs Bond Portfolio - Class I		-		35,541,269		(5,549,466	)		161,442			30,153,245		-		21,141			-
VY® Invesco Comstock Portfolio - Class I		34,635,481		16,675,509		(5,198,573	)		(5,277,270	)		40,835,147		232,192		515,446			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		116,458,700		18,255,868		(16,285,390	)		(16,684,337	)		101,744,841		290,368		3,329,777			14,562,656
VY® T. Rowe Price Growth Equity Portfolio - Class I		40,262,234		29,034,184		(7,550,045	)		(10,301,675	)		51,444,698		-		3,274,730			7,693,559
	$	1,093,866,795	$	310,304,944	$	(342,292,941	)	$	(97,335,538	)	$	964,543,260	$	8,374,655	$	27,575,039		$	39,663,053

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

Voya Solution 2030 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 6.0%
	87		iShares Barclays 20+ Year Treasury Bond Fund	$	10,748		1.0
	131		iShares iBoxx High Yield Corporate Bond Fund		10,911		1.0
	230		SPDR Trust Series 1		44,075		4.0
		Total Exchange-Traded Funds
		(Cost $67,283)			65,734		6.0
MUTUAL FUNDS: 93.8%
			Affiliated Investment Companies: 92.8%
	2,508		Voya Emerging Markets Index Portfolio - Class I		22,270		2.0
	5,485		Voya Floating Rate Fund - Class I		54,297		4.9
	4,253		Voya High Yield Bond Fund - Class I		32,704		3.0
	3,809		Voya Intermediate Bond Fund - Class R6		37,973		3.5
	7,947		Voya International Core Fund - Class I		72,082		6.5
	2,542		Voya International Index Portfolio - Class I		22,144		2.0
	3,435		Voya Large Cap Growth Portfolio - Class I		60,825		5.5
	3,856		Voya Large Cap Value Fund - Class R6		44,110		4.0
	1,894		Voya MidCap Opportunities Portfolio - Class I		27,612		2.5
	2,559		Voya Multi-Manager Emerging Markets Equity Fund - Class I		22,208		2.0
	7,055		Voya Multi-Manager International Equity Fund - Class I		71,957		6.5
	7,256		Voya Multi-Manager Large Cap Core Portfolio - Class I		99,328		9.0
	3,294		Voya Multi-Manager Mid Cap Value Fund - Class I		38,611		3.5
	427		Voya RussellTM Mid Cap Growth Index Portfolio - Class I		11,033		1.0
	4,376		Voya Short Term Bond Fund - Class R6		43,411		3.9
	1,736		Voya Small Company Portfolio - Class I		32,952		3.0
	3,541		Voya U.S. Bond Index Portfolio - Class I		37,928		3.4
	2,179		Voya U.S. Stock Index Portfolio - Class I		27,590		2.5
	1,448		VY® Clarion Global Real Estate Portfolio - Class I		16,450		1.5
	659		VY® Clarion Real Estate Portfolio - Class I		21,867		2.0
	3,725		VY® Invesco Comstock Portfolio - Class I		55,137		5.0
	4,337		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		109,809		10.0
	770	@	VY® T. Rowe Price Growth Equity Portfolio - Class I		61,103		5.6
					1,023,401		92.8
			Unaffiliated Investment Companies: 1.0%
	2,162	@	Credit Suisse Commodity Return Strategy Fund - Class I		10,873		1.0
		Total Mutual Funds
		(Cost $1,081,645)			1,034,274		93.8
		Total Investments in Securities (Cost $1,148,928)		$	1,100,008		99.8
		Assets in Excess of Other Liabilities			2,233		0.2
		Net Assets		$	1,102,241		100.0

@ Non-income producing security.

Cost for federal income tax purposes is $1,156,498.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	–
Gross Unrealized Depreciation		(56,490	)
Net Unrealized Depreciation	$	(56,490	)

Voya Solution 2030 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	65,734	$	–	$	–	$	65,734
Mutual Funds		1,034,274		–		–		1,034,274
Total Investments, at fair value	$	1,100,008	$	–	$	–	$	1,100,008

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	3,240	$	21,347	$	(939	)	$	(1,378	)	$	22,270	$	125	$	(41	)	$	-
Voya Floating Rate Fund - Class I		8,700		48,961		(2,833	)		(531	)		54,297		586		(62	)		-
Voya High Yield Bond Fund - Class I		6,995		40,163		(13,799	)		(655	)		32,704		520		(508	)		-
Voya Intermediate Bond Fund - Class R6		5,276		35,467		(2,531	)		(239	)		37,973		260		(11	)		-
Voya International Core Fund - Class I		8,480		67,489		(1,628	)		(2,259	)		72,082		-		(161	)		-
Voya International Index Portfolio - Class I		6,669		23,904		(7,493	)		(936	)		22,144		189		99			-
Voya Large Cap Growth Portfolio - Class I		11,410		60,957		(7,076	)		(4,466	)		60,825		116		555			2,016
Voya Large Cap Value Fund - Class R6		7,803		48,244		(9,793	)		(2,144	)		44,110		111		(609	)		310
Voya MidCap Opportunities Portfolio - Class I		5,254		25,690		(2,217	)		(1,115	)		27,612		-		(35	)		-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		3,197		21,215		(910	)		(1,294	)		22,208		-		(40	)		-
Voya Multi-Manager International Equity Fund - Class I		10,004		66,803		(1,804	)		(3,046	)		71,957		-		(114	)		-
Voya Multi-Manager Large Cap Core Portfolio - Class I		12,300		133,219		(42,829	)		(3,362	)		99,328		56		(4,207	)		2,281
Voya Multi-Manager Mid Cap Value Fund - Class I		10,367		38,971		(9,858	)		(869	)		38,611		-		(884	)		-
Voya RussellTM Mid Cap Growth Index Portfolio - Class I		5,217		13,121		(6,125	)		(1,180	)		11,033		28		816			-
Voya Short Term Bond Fund - Class R6		7,024		42,307		(5,871	)		(49	)		43,411		219		(36	)		-
Voya Small Company Portfolio - Class I		5,277		31,374		(655	)		(3,044	)		32,952		48		18			1,375
Voya U.S. Bond Index Portfolio - Class I		-		40,254		(2,320	)		(6	)		37,928		62		(27	)		24
Voya U.S. Stock Index Portfolio - Class I		1,770		34,522		(6,933	)		(1,769	)		27,590		42		(675	)		1,280
VY® Clarion Global Real Estate Portfolio - Class I		-		17,379		(759	)		(170	)		16,450		2		(30	)		-
VY® Clarion Real Estate Portfolio - Class I		3,665		20,402		(1,756	)		(444	)		21,867		122		166			-
VY® Invesco Comstock Portfolio - Class I		5,184		54,488		(1,131	)		(3,404	)		55,137		100		34			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		17,502		103,373		(4,865	)		(6,201	)		109,809		99		(271	)		4,950
VY® T. Rowe Price Growth Equity Portfolio - Class I		9,888		58,804		(2,698	)		(4,891	)		61,103		-		366			2,927
	$	155,222	$	1,048,454	$	(136,823	)	$	(43,452	)	$	1,023,401	$	2,685	$	(5,657	)	$	15,163

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

Voya Solution 2035 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 5.4%
	109,905		iShares iBoxx High Yield Corporate Bond Fund		9,153,987		1.0
	116,570		iShares MSCI Emerging Markets Index Fund		3,821,165		0.4
	193,439		SPDR Trust Series 1		37,068,715		4.0
		Total Exchange-Traded Funds
		(Cost $52,951,845)			50,043,867		5.4
MUTUAL FUNDS: 94.6%
			Affiliated Investment Companies: 93.6%
	2,098,144		Voya Emerging Markets Index Portfolio - Class I		18,631,520		2.0
	4,595,284		Voya Floating Rate Fund - Class I		45,493,316		4.9
	2,372,541		Voya High Yield Bond Fund - Class I		18,244,843		2.0
	2,278,910		Voya Intermediate Bond Fund - Class R6		22,720,734		2.5
	7,678,748		Voya International Core Fund - Class I		69,646,244		7.6
	2,128,303		Voya International Index Portfolio - Class I		18,537,517		2.0
	3,137,036		Voya Large Cap Growth Portfolio - Class I		55,556,904		6.0
	4,034,851		Voya Large Cap Value Fund - Class R6		46,158,700		5.0
	1,585,979		Voya MidCap Opportunities Portfolio - Class I		23,123,567		2.5
	3,842,761		Voya Multi-Manager Emerging Markets Equity Fund - Class I		33,355,168		3.6
	8,631,246		Voya Multi-Manager International Equity Fund - Class I		88,038,705		9.5
	6,729,352		Voya Multi-Manager Large Cap Core Portfolio - Class I		92,124,829		10.0
	2,758,798		Voya Multi-Manager Mid Cap Value Fund - Class I		32,333,116		3.5
	357,405		Voya RussellTM Mid Cap Growth Index Portfolio - Class I		9,238,920		1.0
	916,370		Voya Short Term Bond Fund - Class R6		9,090,386		1.0
	1,453,970		Voya Small Company Portfolio - Class I		27,596,349		3.0
	1,906,236		Voya U.S. Bond Index Portfolio - Class I		20,415,792		2.2
	2,554,107		Voya U.S. Stock Index Portfolio - Class I		32,334,994		3.5
	1,212,364		VY® Clarion Global Real Estate Portfolio - Class I		13,772,455		1.5
	552,254		VY® Clarion Real Estate Portfolio - Class I		18,312,743		2.0
	3,118,090		VY® Invesco Comstock Portfolio - Class I		46,147,738		5.0
	2,633,656		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		66,684,165		7.2
	703,840	@	VY® T. Rowe Price Growth Equity Portfolio - Class I		55,821,523		6.1
					863,380,228		93.6
			Unaffiliated Investment Companies: 1.0%
	1,816,352	@	Credit Suisse Commodity Return Strategy Fund - Class I		9,136,250		1.0
		Total Mutual Funds
		(Cost $934,225,067)			872,516,478		94.6
		Total Investments in Securities (Cost $987,176,912)		$	922,560,345		100.0
		Assets in Excess of Other Liabilities			35,420		–
		Net Assets		$	922,595,765		100.0

@ Non-income producing security.

Cost for federal income tax purposes is $993,445,123.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	7,814,147
Gross Unrealized Depreciation		(78,698,925	)
Net Unrealized Depreciation	$	(70,884,778	)

Voya Solution 2035 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	50,043,867	$	–	$	–	$	50,043,867
Mutual Funds		872,516,478		–		–		872,516,478
Total Investments, at fair value	$	922,560,345	$	–	$	–	$	922,560,345

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	19,856,322		5,927,564		(4,126,351	)	$	(3,026,015	)	$	18,631,520		401,529		(383,972	)		-
Voya Floating Rate Fund - Class I		52,487,129		5,152,307		(11,709,515	)		(436,605	)		45,493,316		1,570,333		(71,986	)		-
Voya High Yield Bond Fund - Class I		41,626,763		3,564,836		(27,287,861	)		341,105			18,244,843		985,075		(1,180,925	)		-
Voya Intermediate Bond Fund - Class R6		-		27,519,244		(4,337,157	)		(461,353	)		22,720,734		285,961		(85,568	)		-
Voya International Core Fund - Class I		69,053,265		11,173,861		(8,265,315	)		(2,315,567	)		69,646,244		-		945,893			-
Voya International Index Portfolio - Class I		40,407,486		3,729,308		(24,954,101	)		(645,176	)		18,537,517		602,687		1,198,779			-
Voya Large Cap Growth Portfolio - Class I		73,176,466		10,238,832		(15,603,364	)		(12,255,030	)		55,556,904		348,668		5,493,977			6,033,907
Voya Large Cap Value Fund - Class R6		51,388,012		9,814,097		(8,160,184	)		(6,883,225	)		46,158,700		421,199		(110,887	)		1,902,766
Voya MidCap Opportunities Portfolio - Class I		31,701,643		1,564,133		(8,071,073	)		(2,071,136	)		23,123,567		-		1,410,674			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		39,232,448		7,879,673		(7,600,880	)		(6,156,073	)		33,355,168		-		(418,499	)		-
Voya Multi-Manager International Equity Fund - Class I		83,384,571		20,846,418		(11,155,179	)		(5,037,105	)		88,038,705		-		1,365,997			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		63,656,782		58,396,491		(14,755,462	)		(15,172,982	)		92,124,829		155,578		1,833,510			6,308,166
Voya Multi-Manager Mid Cap Value Fund - Class I		62,919,285		3,203,852		(32,342,878	)		(1,447,143	)		32,333,116		-		189,651			-
Voya RussellTM Mid Cap Growth Index Portfolio - Class I		31,535,355		1,191,244		(20,146,349	)		(3,341,330	)		9,238,920		89,206		3,995,657			-
Voya Short Term Bond Fund - Class R6		10,212,894		1,797,150		(2,903,953	)		(15,705	)		9,090,386		147,500		(17,924	)		-
Voya Small Company Portfolio - Class I		31,981,805		6,306,874		(3,867,523	)		(6,824,807	)		27,596,349		152,624		1,022,282			4,408,487
Voya U.S. Bond Index Portfolio - Class I		-		24,631,900		(4,000,313	)		(215,795	)		20,415,792		122,743		(51,924	)		50,270
Voya U.S. Stock Index Portfolio - Class I		30,242,542		31,575,873		(24,206,267	)		(5,277,154	)		32,334,994		146,955		(1,426,665	)		4,436,020
VY® Clarion Global Real Estate Portfolio - Class I		-		15,020,455		(574,830	)		(673,170	)		13,772,455		1,621		(30,578	)		-
VY® Clarion Real Estate Portfolio - Class I		21,905,320		4,174,608		(4,542,413	)		(3,224,772	)		18,312,743		334,251		2,184,468			-
VY® Invesco Comstock Portfolio - Class I		31,360,379		26,298,068		(5,264,902	)		(6,245,807	)		46,147,738		270,389		516,662			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		105,437,209		14,429,809		(40,520,601	)		(12,662,252	)		66,684,165		195,969		4,425,215			9,828,329
VY® T. Rowe Price Growth Equity Portfolio - Class I		62,498,459		13,410,793		(8,560,827	)		(11,526,902	)		55,821,523		-		4,765,564			8,600,987
	$	954,064,135	$	307,847,390	$	(292,957,298	)	$	(105,573,999	)	$	863,380,228	$	6,232,288	$	25,569,401		$	41,568,932

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

Voya Solution 2040 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 5.0%
	130		iShares iBoxx High Yield Corporate Bond Fund	$	10,827		1.0
	235		iShares Russell 1000 Value Index Fund		21,921		2.0
	114		SPDR Trust Series 1		21,846		2.0
		Total Exchange-Traded Funds
		(Cost $57,041)			54,594		5.0
MUTUAL FUNDS: 94.8%
			Affiliated Investment Companies: 93.8%
	2,496		Voya Emerging Markets Index Portfolio - Class I		22,163		2.0
	2,184		Voya Floating Rate Fund - Class I		21,625		2.0
	2,830		Voya High Yield Bond Fund - Class I		21,762		2.0
	2,438		Voya Intermediate Bond Fund - Class R6		24,306		2.2
	9,132		Voya International Core Fund - Class I		82,829		7.5
	2,531		Voya International Index Portfolio - Class I		22,048		2.0
	4,042		Voya Large Cap Growth Portfolio - Class I		71,579		6.5
	4,335		Voya Large Cap Value Fund - Class R6		49,597		4.5
	2,263		Voya MidCap Opportunities Portfolio - Class I		32,998		3.0
	5,086		Voya Multi-Manager Emerging Markets Equity Fund - Class I		44,148		4.0
	10,266		Voya Multi-Manager International Equity Fund - Class I		104,710		9.5
	8,035		Voya Multi-Manager Large Cap Core Portfolio - Class I		110,002		10.0
	4,687		Voya Multi-Manager Mid Cap Value Fund - Class I		54,931		5.0
	850		Voya RussellTM Mid Cap Growth Index Portfolio - Class I		21,974		2.0
	2,305		Voya Small Company Portfolio - Class I		43,756		4.0
	2,015		Voya U.S. Bond Index Portfolio - Class I		21,582		1.9
	3,906		Voya U.S. Stock Index Portfolio - Class I		49,447		4.5
	1,442		VY® Clarion Global Real Estate Portfolio - Class I		16,380		1.5
	657		VY® Clarion Real Estate Portfolio - Class I		21,778		2.0
	3,338		VY® Invesco Comstock Portfolio - Class I		49,401		4.5
	2,916		VY® T. Rowe Price Capital Appreciation Portfolio - Class I		73,824		6.7
	907	@	VY® T. Rowe Price Growth Equity Portfolio - Class I		71,915		6.5
					1,032,755		93.8
			Unaffiliated Investment Companies: 1.0%
	2,143	@	Credit Suisse Commodity Return Strategy Fund - Class I		10,777		1.0
		Total Mutual Funds
		(Cost $1,122,213)			1,043,532		94.8
		Total Investments in Securities (Cost $1,179,254)		$	1,098,126		99.8
		Assets in Excess of Other Liabilities			2,237		0.2
		Net Assets		$	1,100,363		100.0

@ Non-income producing security.

Cost for federal income tax purposes is $1,200,825.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	260
Gross Unrealized Depreciation		(102,959	)
Net Unrealized Depreciation	$	(102,699	)

Voya Solution 2040 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	54,594	$	–	$	–	$	54,594
Mutual Funds		1,043,532		–		–		1,043,532
Total Investments, at fair value	$	1,098,126	$	–	$	–	$	1,098,126

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	13,747	$	17,295	$	(7,041	)	$	(1,838	)	$	22,163	$	317	$	(898	)	$	-
Voya Floating Rate Fund - Class I		14,499		13,443		(6,210	)		(107	)		21,625		497		(118	)		-
Voya High Yield Bond Fund - Class I		28,763		24,219		(31,997	)		777			21,762		795		(1,762	)		-
Voya Intermediate Bond Fund - Class R6		-		31,954		(7,386	)		(262	)		24,306		215		(121	)		-
Voya International Core Fund - Class I		47,731		55,916		(21,815	)		997			82,829		-		(2,219	)		-
Voya International Index Portfolio - Class I		27,943		17,103		(23,348	)		350			22,048		477		(110	)		-
Voya Large Cap Growth Portfolio - Class I		54,166		47,809		(23,247	)		(7,149	)		71,579		309		907			5,352
Voya Large Cap Value Fund - Class R6		54,564		49,281		(52,570	)		(1,678	)		49,597		401		(3,696	)		2,069
Voya MidCap Opportunities Portfolio - Class I		21,896		19,263		(7,159	)		(1,002	)		32,998		-		(27	)		-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		27,169		34,180		(13,747	)		(3,454	)		44,148		-		(1,697	)		-
Voya Multi-Manager International Equity Fund - Class I		57,663		75,508		(26,647	)		(1,814	)		104,710		-		(1,686	)		-
Voya Multi-Manager Large Cap Core Portfolio - Class I		49,453		114,357		(43,894	)		(9,914	)		110,002		130		(1,248	)		5,264
Voya Multi-Manager Mid Cap Value Fund - Class I		50,721		33,857		(30,266	)		619			54,931		-		(2,721	)		-
Voya RussellTM Mid Cap Growth Index Portfolio - Class I		29,047		14,957		(18,647	)		(3,383	)		21,974		142		3,235			-
Voya Small Company Portfolio - Class I		29,445		30,259		(9,383	)		(6,565	)		43,756		161		63			4,648
Voya U.S. Bond Index Portfolio - Class I		-		27,928		(6,437	)		91			21,582		-		-			-
Voya U.S. Stock Index Portfolio - Class I		29,429		53,560		(28,488	)		(5,054	)		49,447		144		(1,455	)		4,335
VY® Clarion Global Real Estate Portfolio - Class I		-		18,120		(1,435	)		(305	)		16,380		1		(34	)		-
VY® Clarion Real Estate Portfolio - Class I		15,106		14,992		(7,017	)		(1,303	)		21,778		273		783			-
VY® Invesco Comstock Portfolio - Class I		21,670		43,379		(11,211	)		(4,437	)		49,401		201		378			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		52,791		54,028		(27,896	)		(5,099	)		73,824		150		(1,782	)		7,498
VY® T. Rowe Price Growth Equity Portfolio - Class I		50,382		50,557		(20,978	)		(8,046	)		71,915		-		1,469			7,706
	$	676,185	$	841,965	$	(426,819	)	$	(58,576	)	$	1,032,755	$	4,213	$	(12,739	)	$	36,872

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

Voya Solution 2045 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 5.4%
	50,727		iShares Barclays 20+ Year Treasury Bond Fund	$	6,266,814		1.0
	79,112		iShares MSCI Emerging Markets Index Fund		2,593,291		0.4
	137,247		iShares Russell 1000 Value Index Fund		12,802,400		2.0
	66,865		SPDR Trust Series 1		12,813,340		2.0
		Total Exchange-Traded Funds
		(Cost $36,344,419)			34,475,845		5.4
MUTUAL FUNDS: 94.6%
			Affiliated Investment Companies: 93.6%
	1,451,098		Voya Emerging Markets Index Portfolio - Class I		12,885,747		2.0
	1,112,079		Voya Floating Rate Fund - Class I		11,009,587		1.7
	1,416,558		Voya Intermediate Bond Fund - Class R6		14,123,080		2.2
	5,310,589		Voya International Core Fund - Class I		48,167,043		7.5
	2,575,814		Voya International Index Portfolio - Class I		22,435,341		3.5
	2,711,878		Voya Large Cap Growth Portfolio - Class I		48,027,353		7.5
	3,345,057		Voya Large Cap Value Fund - Class R6		38,267,453		6.0
	1,316,184		Voya MidCap Opportunities Portfolio - Class I		19,189,970		3.0
	2,664,031		Voya Multi-Manager Emerging Markets Equity Fund - Class I		23,123,786		3.6
	6,283,356		Voya Multi-Manager International Equity Fund - Class I		64,090,227		10.0
	4,656,926		Voya Multi-Manager Large Cap Core Portfolio - Class I		63,753,319		10.0
	2,998,107		Voya Multi-Manager Mid Cap Value Fund - Class I		35,137,814		5.5
	617,922		Voya RussellTM Mid Cap Growth Index Portfolio - Class I		15,973,290		2.5
	1,340,622		Voya Small Company Portfolio - Class I		25,445,013		4.0
	1,171,581		Voya U.S. Bond Index Portfolio - Class I		12,547,635		2.0
	3,280,540		Voya U.S. Stock Index Portfolio - Class I		41,531,638		6.5
	838,357		VY® Clarion Global Real Estate Portfolio - Class I		9,523,734		1.5
	381,882		VY® Clarion Real Estate Portfolio - Class I		12,663,208		2.0
	2,156,312		VY® Invesco Comstock Portfolio - Class I		31,913,416		5.0
	608,484	@	VY® T. Rowe Price Growth Equity Portfolio - Class I		48,258,878		7.6
					598,067,532		93.6
			Unaffiliated Investment Companies: 1.0%
	1,255,791	@	Credit Suisse Commodity Return Strategy Fund - Class I		6,316,629		1.0
		Total Mutual Funds
		(Cost $647,950,380)			604,384,161		94.6
		Total Investments in Securities (Cost $684,294,799)		$	638,860,006		100.0
		Assets in Excess of Other Liabilities			47,516		–
		Net Assets		$	638,907,522		100.0

@ Non-income producing security.

Cost for federal income tax purposes is $688,394,356.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	5,026,761
Gross Unrealized Depreciation		(54,561,111	)
Net Unrealized Depreciation	$	(49,534,350	)

Voya Solution 2045 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	34,475,845	$	–	$	–	$	34,475,845
Mutual Funds		604,384,161		–		–		604,384,161
Total Investments, at fair value	$	638,860,006	$	–	$	–	$	638,860,006

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	13,754,033	$	4,019,209	$	(2,768,832	)	$	(2,118,663	)	$	12,885,747	$	277,922	$	(244,706	)	$	-
Voya Floating Rate Fund - Class I		12,730,621		1,341,257		(2,997,705	)		(64,586	)		11,009,587		381,647		(59,728	)		-
Voya Intermediate Bond Fund - Class R6		7,354,485		17,441,495		(10,335,911	)		(336,989	)		14,123,080		180,911		46,611			-
Voya International Core Fund - Class I		53,160,069		3,638,732		(7,114,242	)		(1,517,516	)		48,167,043		-		1,009,742			-
Voya International Index Portfolio - Class I		27,995,759		3,481,989		(7,493,479	)		(1,548,928	)		22,435,341		735,516		249,899			-
Voya Large Cap Growth Portfolio - Class I		54,320,049		9,363,872		(7,112,221	)		(8,544,347	)		48,027,353		302,928		2,324,059			5,242,343
Voya Large Cap Value Fund - Class R6		53,853,890		8,487,933		(17,773,907	)		(6,300,463	)		38,267,453		397,251		250,863			1,986,790
Voya MidCap Opportunities Portfolio - Class I		21,963,056		1,229,217		(2,802,417	)		(1,199,886	)		19,189,970		-		476,199			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		27,176,171		5,729,913		(5,526,753	)		(4,255,545	)		23,123,786		-		(332,164	)		-
Voya Multi-Manager International Equity Fund - Class I		66,523,666		8,620,448		(7,802,764	)		(3,251,123	)		64,090,227		-		1,092,979			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		51,452,573		32,365,642		(9,569,895	)		(10,495,001	)		63,753,319		108,054		1,255,174			4,381,225
Voya Multi-Manager Mid Cap Value Fund - Class I		50,851,121		2,468,414		(16,506,697	)		(1,675,024	)		35,137,814		-		(286,973	)		-
Voya RussellTM Mid Cap Growth Index Portfolio - Class I		29,130,073		1,353,763		(11,931,914	)		(2,578,632	)		15,973,290		155,533		2,362,519			-
Voya Small Company Portfolio - Class I		29,542,471		5,699,757		(3,652,377	)		(6,144,838	)		25,445,013		140,853		778,875			4,068,500
Voya U.S. Bond Index Portfolio - Class I		-		14,608,092		(2,107,387	)		46,930			12,547,635		-		3,491			-
Voya U.S. Stock Index Portfolio - Class I		39,043,632		28,625,704		(19,497,971	)		(6,639,727	)		41,531,638		163,558		(1,098,355	)		4,937,221
VY® Clarion Global Real Estate Portfolio - Class I		-		10,435,005		(447,056	)		(464,215	)		9,523,734		1,127		(22,207	)		-
VY® Clarion Real Estate Portfolio - Class I		15,180,551		2,985,363		(3,637,244	)		(1,865,462	)		12,663,208		231,389		1,148,502			-
VY® Invesco Comstock Portfolio - Class I		21,724,700		17,918,861		(3,401,409	)		(4,328,736	)		31,913,416		187,419		343,912			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		42,007,144		1,318,642		(39,542,002	)		(3,783,784	)		-		-		4,980,201			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		54,125,848		11,330,662		(7,564,630	)		(9,633,002	)		48,258,878		-		3,757,998			7,452,148
	$	671,889,912	$	192,463,970	$	(189,586,813	)	$	(76,699,537	)	$	598,067,532	$	3,264,108	$	18,036,891		$	28,068,227

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

Voya Solution 2050 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 4.9%
	56		iShares Barclays 20+ Year Treasury Bond Fund	$	6,918		0.9
	152		iShares Russell 1000 Value Index Fund		14,178		2.0
	74		SPDR Trust Series 1		14,181		2.0
		Total Exchange-Traded Funds
		(Cost $36,516)			35,277		4.9
MUTUAL FUNDS: 94.8%
			Affiliated Investment Companies: 93.8%
	1,619		Voya Emerging Markets Index Portfolio - Class I		14,373		2.0
	1,239		Voya Floating Rate Fund - Class I		12,266		1.7
	1,582		Voya Intermediate Bond Fund - Class R6		15,771		2.2
	5,918		Voya International Core Fund - Class I		53,675		7.5
	2,871		Voya International Index Portfolio - Class I		25,009		3.5
	3,023		Voya Large Cap Growth Portfolio - Class I		53,531		7.5
	3,739		Voya Large Cap Value Fund - Class R6		42,770		6.0
	1,467		Voya MidCap Opportunities Portfolio - Class I		21,384		3.0
	3,302		Voya Multi-Manager Emerging Markets Equity Fund - Class I		28,664		4.0
	7,004		Voya Multi-Manager International Equity Fund - Class I		71,443		10.0
	5,202		Voya Multi-Manager Large Cap Core Portfolio - Class I		71,221		10.0
	3,341		Voya Multi-Manager Mid Cap Value Fund - Class I		39,158		5.5
	689		Voya RussellTM Mid Cap Growth Index Portfolio - Class I		17,800		2.5
	1,494		Voya Small Company Portfolio - Class I		28,355		4.0
	1,306		Voya U.S. Bond Index Portfolio - Class I		13,986		1.9
	3,657		Voya U.S. Stock Index Portfolio - Class I		46,295		6.5
	934		VY® Clarion Global Real Estate Portfolio - Class I		10,616		1.5
	426		VY® Clarion Real Estate Portfolio - Class I		14,111		2.0
	2,404		VY® Invesco Comstock Portfolio - Class I		35,583		5.0
	678	@	VY® T. Rowe Price Growth Equity Portfolio - Class I		53,777		7.5
					669,788		93.8
			Unaffiliated Investment Companies: 1.0%
	1,392	@	Credit Suisse Commodity Return Strategy Fund - Class I		7,000		1.0
		Total Mutual Funds
		(Cost $728,799)			676,788		94.8
		Total Investments in Securities (Cost $765,315)		$	712,065		99.7
		Assets in Excess of Other Liabilities			2,017		0.3
		Net Assets		$	714,082		100.0

@ Non-income producing security.

Cost for federal income tax purposes is $771,696.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	202
Gross Unrealized Depreciation		(59,833	)
Net Unrealized Depreciation	$	(59,631	)

Voya Solution 2050 Portfolio PORTFOLIO OF INVESTMENTS as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	35,277	$	–	$	–	$	35,277
Mutual Funds		676,788		–		–		676,788
Total Investments, at fair value	$	712,065	$	–	$	–	$	712,065

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	7,130	$	10,182	$	(1,558	)	$	(1,381	)	$	14,373	$	166	$	(184	)	$	-
Voya Floating Rate Fund - Class I		6,581		7,268		(1,486	)		(97	)		12,266		240		(29	)		-
Voya Intermediate Bond Fund - Class R6		3,800		18,233		(6,067	)		(195	)		15,771		124		13			-
Voya International Core Fund - Class I		27,511		31,755		(5,099	)		(492	)		53,675		-		(683	)		-
Voya International Index Portfolio - Class I		14,495		16,056		(4,312	)		(1,230	)		25,009		440		(112	)		-
Voya Large Cap Growth Portfolio - Class I		28,097		34,993		(4,979	)		(4,580	)		53,531		180		112			3,122
Voya Large Cap Value Fund - Class R6		28,335		31,566		(13,520	)		(3,611	)		42,770		238		(766	)		1,158
Voya MidCap Opportunities Portfolio - Class I		11,358		12,578		(1,792	)		(760	)		21,384		-		(59	)		-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		14,092		22,675		(6,075	)		(2,028	)		28,664		-		(1,025	)		-
Voya Multi-Manager International Equity Fund - Class I		34,443		44,576		(5,292	)		(2,284	)		71,443		-		(449	)		-
Voya Multi-Manager Large Cap Core Portfolio - Class I		26,573		61,007		(9,949	)		(6,410	)		71,221		65		(316	)		2,614
Voya Multi-Manager Mid Cap Value Fund - Class I		26,309		23,638		(9,844	)		(945	)		39,158		-		(912	)		-
Voya RussellTM Mid Cap Growth Index Portfolio - Class I		15,067		11,318		(6,862	)		(1,723	)		17,800		93		1,186			-
Voya Small Company Portfolio - Class I		15,273		19,149		(2,300	)		(3,767	)		28,355		84		(18	)		2,431
Voya U.S. Bond Index Portfolio - Class I		-		15,092		(1,161	)		55			13,986		-		3			-
Voya U.S. Stock Index Portfolio - Class I		20,907		42,209		(12,411	)		(4,410	)		46,295		97		(768	)		2,932
VY® Clarion Global Real Estate Portfolio - Class I		-		11,597		(798	)		(183	)		10,616		1		(50	)		-
VY® Clarion Real Estate Portfolio - Class I		7,836		9,362		(2,483	)		(604	)		14,111		138		246			-
VY® Invesco Comstock Portfolio - Class I		11,240		29,509		(2,180	)		(2,986	)		35,583		112		32			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		21,719		3,333		(25,345	)		293			-		-		340			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		28,002		36,572		(5,600	)		(5,197	)		53,777		-		522			4,454
	$	348,768	$	492,668	$	(129,113	)	$	(42,535	)	$	669,788	$	1,978	$	(2,917	)	$	16,711

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

Voya Solution 2055 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value			Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 5.1%
	7,107		iShares Barclays 20+ Year Treasury Bond Fund	$	877,999			0.7
	14,749		iShares MSCI Emerging Markets Index Fund		483,472			0.4
	25,625		iShares Russell 1000 Value Index Fund		2,390,300			2.0
	12,489		SPDR Trust Series 1		2,393,267			2.0
		Total Exchange-Traded Funds
		(Cost $6,485,461)			6,145,038			5.1
MUTUAL FUNDS: 94.9%
			Affiliated Investment Companies: 93.9%
	271,853		Voya Emerging Markets Index Portfolio - Class I		2,414,055			2.0
	265,732		Voya Intermediate Bond Fund - Class R6		2,649,349			2.2
	994,889		Voya International Core Fund - Class I		9,023,644			7.5
	482,558		Voya International Index Portfolio - Class I		4,203,077			3.5
	508,056		Voya Large Cap Growth Portfolio - Class I		8,997,668			7.5
	627,491		Voya Large Cap Value Fund - Class R6		7,178,494			6.0
	246,579		Voya MidCap Opportunities Portfolio - Class I		3,595,116			3.0
	499,504		Voya Multi-Manager Emerging Markets Equity Fund - Class I		4,335,699			3.6
	1,177,138		Voya Multi-Manager International Equity Fund - Class I		12,006,804			10.0
	873,469		Voya Multi-Manager Large Cap Core Portfolio - Class I		11,957,794			10.0
	561,676		Voya Multi-Manager Mid Cap Value Fund - Class I		6,582,845			5.5
	115,764		Voya RussellTM Mid Cap Growth Index Portfolio - Class I		2,992,501			2.5
	251,159		Voya Small Company Portfolio - Class I		4,766,997			4.0
	219,496		Voya U.S. Bond Index Portfolio - Class I		2,350,802			2.0
	945,603		Voya U.S. Stock Index Portfolio - Class I		11,971,334			10.0
	71,544		VY® Clarion Real Estate Portfolio - Class I		2,372,392			2.0
	403,974		VY® Invesco Comstock Portfolio - Class I		5,978,814			5.0
	113,995	@	VY® T. Rowe Price Growth Equity Portfolio - Class I		9,040,939			7.6
					112,418,324			93.9
			Unaffiliated Investment Companies: 1.0%
	234,504	@	Credit Suisse Commodity Return Strategy Fund - Class I		1,179,555			1.0
		Total Mutual Funds
		(Cost $126,072,857)			113,597,879			94.9
		Total Investments in Securities (Cost $132,558,318)		$	119,742,917			100.0
		Liabilities in Excess of Other Assets			(1,718	)		–
		Net Assets		$	119,741,199			100.0

@ Non-income producing security.

Cost for federal income tax purposes is $133,334,333.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	131,221
Gross Unrealized Depreciation		(13,722,637	)
Net Unrealized Depreciation	$	(13,591,416	)

Voya Solution 2055 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	6,145,038	$	–	$	–	$	6,145,038
Mutual Funds		113,597,879		–		–		113,597,879
Total Investments, at fair value	$	119,742,917	$	–	$	–	$	119,742,917

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act. 

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	2,096,154	$	1,097,419	$	(369,450	)	$	(410,068	)	$	2,414,055	$	46,235	$	(28,400	)	$	-
Voya Intermediate Bond Fund - Class R6		838,169		3,246,153		(1,383,696	)		(51,277	)		2,649,349		32,022		(1,050	)		-
Voya International Core Fund - Class I		8,088,480		2,189,536		(1,076,437	)		(177,935	)		9,023,644		-		(25,864	)		-
Voya International Index Portfolio - Class I		4,260,940		1,369,506		(1,097,369	)		(330,000	)		4,203,077		122,312		40,793			-
Voya Large Cap Growth Portfolio - Class I		8,263,096		3,204,773		(994,571	)		(1,475,630	)		8,997,668		53,419		288,837			924,453
Voya Large Cap Value Fund - Class R6		8,308,600		2,856,169		(2,863,397	)		(1,122,878	)		7,178,494		67,220		28,777			316,445
Voya MidCap Opportunities Portfolio - Class I		3,340,820		843,459		(385,681	)		(203,482	)		3,595,116		-		40,133			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		4,142,164		1,827,630		(871,520	)		(762,575	)		4,335,699		-		(82,083	)		-
Voya Multi-Manager International Equity Fund - Class I		10,125,558		3,516,435		(1,038,098	)		(597,091	)		12,006,804		-		49,086			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		7,824,953		7,647,138		(1,587,595	)		(1,926,702	)		11,957,794		19,529		195,837			791,843
Voya Multi-Manager Mid Cap Value Fund - Class I		7,738,805		1,719,375		(2,569,355	)		(305,980	)		6,582,845		-		(102,482	)		-
Voya RussellTM Mid Cap Growth Index Portfolio - Class I		4,431,650		898,005		(1,881,566	)		(455,588	)		2,992,501		25,873		374,355			-
Voya Small Company Portfolio - Class I		4,493,510		1,794,293		(553,238	)		(967,568	)		4,766,997		23,433		19,394			676,845
Voya U.S. Bond Index Portfolio - Class I		-		2,680,250		(338,220	)		8,772			2,350,802		-		968			-
Voya U.S. Stock Index Portfolio - Class I		8,327,836		6,832,050		(1,410,567	)		(1,777,985	)		11,971,334		35,890		(111,647	)		1,083,391
VY® Clarion Real Estate Portfolio - Class I		2,305,337		907,810		(553,789	)		(286,966	)		2,372,392		40,878		151,652			-
VY® Invesco Comstock Portfolio - Class I		3,306,078		3,857,584		(407,624	)		(777,224	)		5,978,814		33,369		41,076			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		6,387,718		806,114		(6,974,866	)		(218,966	)		-		-		402,534			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		8,234,736		3,561,331		(1,108,444	)		(1,646,684	)		9,040,939		-		478,799			1,326,831
	$	102,514,604	$	50,855,030	$	(27,465,483	)	$	(13,485,827	)	$	112,418,324	$	500,180	$	1,760,715		$	5,119,808

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

Voya Solution 2060 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
EXCHANGE-TRADED FUNDS: 4.7%
	16		iShares Barclays 20+ Year Treasury Bond Fund	$	1,977		0.7
	59		iShares Russell 1000 Value Index Fund		5,503		2.0
	29		SPDR Trust Series 1		5,557		2.0
		Total Exchange-Traded Funds
		(Cost $13,224)			13,037		4.7
MUTUAL FUNDS: 95.2%
			Affiliated Investment Companies: 94.2%
	625		Voya Emerging Markets Index Portfolio - Class I		5,546		2.0
	611		Voya Intermediate Bond Fund - Class R6		6,087		2.2
	2,284		Voya International Core Fund - Class I		20,713		7.5
	1,108		Voya International Index Portfolio - Class I		9,651		3.5
	1,166		Voya Large Cap Growth Portfolio - Class I		20,658		7.5
	1,443		Voya Large Cap Value Fund - Class R6		16,513		6.0
	566		Voya MidCap Opportunities Portfolio - Class I		8,252		3.0
	1,274		Voya Multi-Manager Emerging Markets Equity Fund - Class I		11,059		4.0
	2,703		Voya Multi-Manager International Equity Fund - Class I		27,569		10.0
	2,008		Voya Multi-Manager Large Cap Core Portfolio - Class I		27,494		10.0
	1,289		Voya Multi-Manager Mid Cap Value Fund - Class I		15,109		5.5
	266		Voya RussellTM Mid Cap Growth Index Portfolio - Class I		6,869		2.5
	576		Voya Small Company Portfolio - Class I		10,941		4.0
	504		Voya U.S. Bond Index Portfolio - Class I		5,397		2.0
	2,171		Voya U.S. Stock Index Portfolio - Class I		27,486		10.0
	164		VY® Clarion Real Estate Portfolio - Class I		5,445		2.0
	928		VY® Invesco Comstock Portfolio - Class I		13,731		5.0
	262	@	VY® T. Rowe Price Growth Equity Portfolio - Class I		20,754		7.5
					259,274		94.2
			Unaffiliated Investment Companies: 1.0%
	536	@	Credit Suisse Commodity Return Strategy Fund - Class I		2,697		1.0
		Total Mutual Funds
		(Cost $265,921)			261,971		95.2
		Total Investments in Securities (Cost $279,145)		$	275,008		99.9
		Assets in Excess of Other Liabilities			201		0.1
		Net Assets		$	275,209		100.0

@ Non-income producing security.

Cost for federal income tax purposes is $279,673.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	218
Gross Unrealized Depreciation		(4,883	)
Net Unrealized Depreciation	$	(4,665	)

Voya Solution 2060 Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Exchange-Traded Funds	$	13,037	$	–	$	–	$	13,037
Mutual Funds		261,971		–		–		261,971
Total Investments, at fair value	$	275,008	$	–	$	–	$	275,008

Transactions with Affiliates

An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.

The following table provides transactions during the period ended September 30, 2015, where the following issuers were considered an affiliate:

Issuer	Beginning Fair Value at 12/31/14		Purchases at Cost		Sales at Cost			Change in Unrealized Appreciation/ (Depreciation)			Ending Fair Value at 9/30/15		Investment Income		Realized Gains/ (Losses)			Net Capital Gain Distributions
Voya Emerging Markets Index Portfolio - Class I	$	-	$	6,097	$	(487	)	$	(64	)	$	5,546	$	6	$	-		$	-
Voya Intermediate Bond Fund - Class R6		-		8,980		(2,892	)		(1	)		6,087		18		(12	)		-
Voya International Core Fund - Class I		-		22,755		(1,752	)		(290	)		20,713		-		4			-
Voya International Index Portfolio - Class I		-		10,815		(892	)		(272	)		9,651		16		7			-
Voya Large Cap Growth Portfolio - Class I		-		21,097		(198	)		(241	)		20,658		6		(16	)		111
Voya Large Cap Value Fund - Class R6		-		22,366		(5,740	)		(113	)		16,513		8		(153	)		42
Voya MidCap Opportunities Portfolio - Class I		-		8,408		(16	)		(140	)		8,252		-		1			-
Voya Multi-Manager Emerging Markets Equity Fund - Class I		-		12,122		(951	)		(112	)		11,059		-		3			-
Voya Multi-Manager International Equity Fund - Class I		-		30,487		(2,305	)		(613	)		27,569		-		3			-
Voya Multi-Manager Large Cap Core Portfolio - Class I		-		36,013		(8,281	)		(238	)		27,494		2		(177	)		93
Voya Multi-Manager Mid Cap Value Fund - Class I		-		15,665		(235	)		(321	)		15,109		-		9			-
Voya RussellTM Mid Cap Growth Index Portfolio - Class I		-		7,277		(234	)		(174	)		6,869		3		12			-
Voya Small Company Portfolio - Class I		-		11,366		(21	)		(404	)		10,941		3		(1	)		86
Voya U.S. Bond Index Portfolio - Class I		-		6,047		(670	)		20			5,397		-		1			-
Voya U.S. Stock Index Portfolio - Class I		-		28,281		(498	)		(297	)		27,486		4		(49	)		133
VY® Clarion Real Estate Portfolio - Class I		-		5,624		(358	)		179			5,445		5		(33	)		-
VY® Invesco Comstock Portfolio - Class I		-		15,168		(1,139	)		(298	)		13,731		4		-			-
VY® T. Rowe Price Capital Appreciation Portfolio - Class I		-		874		(874	)		-			-		-		16			-
VY® T. Rowe Price Growth Equity Portfolio - Class I		-		21,432		(145	)		(533	)		20,754		-		5			158
	$	-	$	290,874	$	(27,688	)	$	(3,912	)	$	259,274	$	75	$	(380	)	$	623

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

VY® American Century Small-Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 98.5%
			Consumer Discretionary: 9.8%
	9,036		Advance Auto Parts, Inc.	$	1,712,593		0.6
	5,088		Beazer Homes USA, Inc.		67,823		0.0
	16,808		Bed Bath & Beyond, Inc.		958,392		0.4
	20,405	@	Carnival Corp.		1,014,128		0.4
	8,308		Cavco Industries, Inc.		565,692		0.2
	25,623	@	Century Communities, Inc.		508,616		0.2
	60,472		ClubCorp Holdings, Inc.		1,297,729		0.5
	43,579		CST Brands, Inc.		1,466,869		0.5
	12,993		Culp, Inc.		416,685		0.1
	157,172	@	Cumulus Media, Inc.		110,618		0.0
	16,960		Dana Holding Corp.		269,325		0.1
	22,654		Destination Maternity Corp.		208,870		0.1
	43,816		Entercom Communications Corp.		445,171		0.2
	193,936		Entravision Communications Corp.		1,287,735		0.5
	37,702	@	Honda Motor Co., Ltd. ADR		1,127,290		0.4
	5,844		Libbey, Inc.		190,573		0.1
	10,149		Lowe's Cos, Inc.		699,469		0.3
	22,891	@	Malibu Boats, Inc.		320,016		0.1
	24,953	@	MarineMax, Inc.		352,586		0.1
	49,528	@	Markit Ltd.		1,436,312		0.5
	84,479		Mattel, Inc.		1,779,128		0.7
	16,698	@	MCBC Holdings, Inc.		216,406		0.1
	24,879		Nexstar Broadcasting Group, Inc.		1,178,021		0.4
	21,410		Peak Resorts, Inc.		147,515		0.1
	14,637		Penske Auto Group, Inc.		709,016		0.3
	67,045		Pulte Group, Inc.		1,265,139		0.5
	13,074		Ralph Lauren Corp.		1,544,824		0.6
	10,171	@	Red Robin Gourmet Burgers, Inc.		770,351		0.3
	9,895		Steiner Leisure Ltd.		625,166		0.2
	19,444	@	Stoneridge, Inc.		239,939		0.1
	10,798		Target Corp.		849,371		0.3
	20,709		Thor Industries, Inc.		1,072,726		0.4
	24,215		Toll Brothers, Inc.		829,122		0.3
	24,392	@	Tower International, Inc.		579,554		0.2
	11,880	@	Townsquare Media, Inc.		116,068		0.0
					26,378,838		9.8
			Consumer Staples: 6.8%
	15,612		Campbell Soup Co.		791,216		0.3
	74,820		ConAgra Foods, Inc.		3,030,958		1.1
	17,841	@,L	Fresh Market, Inc.		403,028		0.2
	26,262		General Mills, Inc.		1,474,086		0.5
	8,022		Danone		506,377		0.2
	31,042	@	Inventure Foods, Inc.		275,653		0.1
	20,411		JM Smucker Co.		2,328,691		0.9
	34,300		Kellogg Co.		2,282,665		0.8
	44,836		Mondelez International, Inc.		1,877,283		0.7
	136,573		Sysco Corp.		5,322,250		2.0
	1,097	@	TreeHouse Foods, Inc.		85,336		0.0
					18,377,543		6.8
			Energy: 9.4%
	30,692	@	Aegean Marine Petroleum Network, Inc.		206,864		0.1
	16,925		Anadarko Petroleum Corp.		1,022,101		0.4
	31,435		Ardmore Shipping Corp.		379,735		0.1
	52,094		Cameron International Corp.		3,194,404		1.2
	19,362		Cimarex Energy Co.		1,984,218		0.7
	5,617		Delek US Holdings, Inc.		155,591		0.0
	49,042		Devon Energy Corp.		1,818,968		0.7
	7,040		Dril-Quip, Inc.		409,869		0.1
	35,822		EQT Corp.		2,320,191		0.9
	12,265	@,L	Euronav NV		170,483		0.1
	39,958		FMC Technologies, Inc.		1,238,698		0.4
	40,274	@	Forum Energy Technologies, Inc.		491,745		0.2
	31,933		Helmerich & Payne, Inc.		1,509,153		0.6
	126,160	@	Imperial Oil Ltd.		3,997,036		1.5
	13,634		Matrix Service Co.		306,356		0.1
	87,609		Noble Energy, Inc.		2,644,040		1.0
	8,482		Northern Tier Energy L.P.		193,390		0.1
	40,869		Occidental Petroleum Corp.		2,703,484		1.0
	31,316	@	Scorpio Tankers, Inc.		287,168		0.1
	6,810		Western Refining, Inc.		300,457		0.1
					25,333,951		9.4
			Financials: 29.6%
	23,312	@	ACE Ltd.		2,410,461		0.9
	16,310		Aflac, Inc.		948,100		0.3
	33,247		Allied World Assurance Co. Holdings Ltd.		1,269,038		0.5
	11,611		Allstate Corp.		676,225		0.2
	22,733		Apollo Commercial Real Estate Finance, Inc.		357,135		0.1
	35,019	L	Ares Management L.P.		612,132		0.2
	40,865		Armada Hoffler Properties, Inc.		399,251		0.1
	27,179	@	Atlas Financial Holdings, Inc.		502,812		0.2
	20,696		Bank of Hawaii Corp.		1,313,989		0.5
	28,238		Bank of the Ozarks, Inc.		1,235,695		0.5
	42,281		BankUnited, Inc.		1,511,546		0.6
	37,514		BB&T Corp.		1,335,498		0.5
	8,413		Blackstone Mortgage Trust, Inc.		230,853		0.1
	17,134		BOK Financial Corp.		1,108,741		0.4
	6,070		Boston Properties, Inc.		718,688		0.3
	43,501		Brown & Brown, Inc.		1,347,226		0.5
	68,982	L	Campus Crest Communities, Inc.		366,984		0.1
	31,260	@	Capital Bank Financial Corp.		944,990		0.3
	109,490		Capitol Federal Financial, Inc.		1,327,019		0.5
	15,000		Capstead Mortgage Corp.		148,350		0.1

VY® American Century Small-Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Financials: (continued)
	11,006		CBL & Associates Properties, Inc.	$	151,332		0.1
	15,768		Chatham Lodging Trust		338,697		0.1
	9,534		Chubb Corp.		1,169,345		0.4
	26,220		Comerica, Inc.		1,077,642		0.4
	48,311		Commerce Bancshares, Inc.		2,201,049		0.8
	40,769		Compass Diversified Trust		657,196		0.2
	63,656		Corrections Corp. of America		1,880,398		0.7
	25,613		Cullen/Frost Bankers, Inc.		1,628,475		0.6
	14,007		DiamondRock Hospitality Co.		154,777		0.1
	21,007		Eagle Bancorp, Inc.		955,818		0.4
	17,434		Easterly Government Properties, Inc.		278,072		0.1
	45,030		Empire State Realty Trust, Inc.		766,861		0.3
	21,715	@	Endurance Specialty Holdings Ltd.		1,325,266		0.5
	4,496		EPR Properties		231,859		0.1
	25,016	@	FCB Financial Holdings, Inc.		816,022		0.3
	30,232		First Financial Bankshares, Inc.		960,773		0.4
	12,810	@	First NBC Bank Holding Co.		448,862		0.2
	34,569		Franklin Resources, Inc.		1,288,041		0.5
	18,670		Hatteras Financial Corp.		282,850		0.1
	6,529		HCC Insurance Holdings, Inc.		505,802		0.2
	7,470		Healthcare Realty Trust, Inc.		185,629		0.1
	27,374		Home Bancshares, Inc.		1,108,647		0.4
	55,193		Host Hotels & Resorts, Inc.		872,601		0.3
	5,036		Infinity Property & Casualty Corp.		405,599		0.1
	14,465	@	James River Group Holdings Ltd.		388,964		0.1
	34,300		Kite Realty Group Trust		816,683		0.3
	38,425		LegacyTexas Financial Group, Inc.		1,171,194		0.4
	55,928		Lexington Realty Trust		453,017		0.2
	36,162	L	LPL Financial Holdings, Inc.		1,438,163		0.5
	18,168		M&T Bank Corp.		2,215,588		0.8
	8,537		Mack-Cali Realty Corp.		161,179		0.1
	27,086		Medical Properties Trust, Inc.		299,571		0.1
	19,823		Metlife, Inc.		934,654		0.3
	28,413		MFA Mortgage Investments, Inc.		193,493		0.1
	8,741		New Residential Investment Corp.		114,507		0.0
	78,035		Northern Trust Corp.		5,318,866		2.0
	23,491		Outfront Media, Inc.		488,613		0.2
	18,675		Pennymac Mortgage Investment Trust		288,902		0.1
	115,830		Piedmont Office Realty Trust, Inc.		2,072,199		0.8
	18,906		PNC Financial Services Group, Inc.		1,686,415		0.6
	21,826		ProAssurance Corp.		1,071,002		0.4
	22,417		Reinsurance Group of America, Inc.		2,030,756		0.7
	13,792		Rexford Industrial Realty, Inc.		190,192		0.1
	6,278		RLJ Lodging Trust		158,645		0.1
	26,136		Rouse Properties, Inc.		407,199		0.1
	7,600		Sabra Healthcare REIT, Inc.		176,168		0.1
	11,121		ServisFirst Bancshares, Inc.		461,855		0.2
	33,825	L	Southside Bancshares, Inc.		931,879		0.3
	19,352		State Street Corp.		1,300,648		0.5
	33,471		Summit Hotel Properties, Inc.		390,607		0.1
	13,088		Sunstone Hotel Investors, Inc.		173,154		0.1
	33,627		SunTrust Bank		1,285,896		0.5
	17,301		T. Rowe Price Group, Inc.		1,202,420		0.4
	19,457	@	Texas Capital Bancshares, Inc.		1,019,936		0.4
	15,125		Torchmark Corp.		853,050		0.3
	9,299		Travelers Cos., Inc.		925,529		0.3
	47,111		Two Harbors Investment Corp.		415,519		0.2
	29,736		UMB Financial Corp.		1,510,886		0.6
	55,007		Unum Group		1,764,625		0.6
	20,933		Urstadt Biddle Properties, Inc.		392,284		0.1
	21,437		Validus Holdings Ltd.		966,166		0.4
	72,458		Valley National Bancorp.		712,987		0.3
	9,845		Washington Real Estate Investment Trust		245,436		0.1
	44,541	L	Westamerica Bancorp.		1,979,402		0.7
	109,707		Weyerhaeuser Co.		2,999,389		1.1
					80,063,984		29.6
			Health Care: 6.1%
	9,361	@	AMN Healthcare Services, Inc.		280,923		0.1
	8,030		Becton Dickinson & Co.		1,065,260		0.4
	121,090		Boston Scientific Corp.		1,987,087		0.7
	7,754		Cardinal Health, Inc.		595,662		0.2
	7,145		Express Scripts Holding Co.		578,459		0.2
	21,774		Haemonetics Corp.		703,736		0.3
	20,352		Hanger Orthopedic Group, Inc.		277,601		0.1
	49,181	@	LifePoint Hospitals, Inc.		3,486,933		1.3
	1,712	@	Magellan Health Services, Inc.		94,896		0.0
	27,269	@	MedAssets, Inc.		547,016		0.2
	2,775		National Healthcare Corp.		168,970		0.1
	4,920		Owens & Minor, Inc.		157,145		0.1
	4,546	@	Providence Service Corp.		198,115		0.1
	37,642		Quest Diagnostics, Inc.		2,313,854		0.8

VY® American Century Small-Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Health Care: (continued)
	10,438		Utah Medical Products, Inc.	$	562,295		0.2
	37,862		Zimmer Biomet Holdings, Inc.		3,556,378		1.3
					16,574,330		6.1
			Industrials: 12.7%
	35,396		Actuant Corp.		650,932		0.2
	59,928		ADT Corp.		1,791,847		0.7
	31,516		Albany International Corp.		901,673		0.3
	32,643		Brink's Co.		881,687		0.3
	32,159		CDI Corp.		274,959		0.1
	8,776		Celadon Group, Inc.		140,591		0.1
	47,604		Clean Harbors, Inc.		2,093,148		0.8
	31,123	@	Continental Building Products, Inc.		639,266		0.2
	21,211		DXP Enterprises, Inc.		578,636		0.2
	26,646		Dynamic Materials Corp.		254,203		0.1
	62,974		Emerson Electric Co.		2,781,562		1.0
	12,895		EnPro Industries, Inc.		505,097		0.2
	16,058		Global Brass & Copper Holdings, Inc.		329,350		0.1
	21,278		Graham Corp.		375,557		0.1
	65,313		Great Lakes Dredge & Dock Corp.		329,177		0.1
	97,522		Heartland Express, Inc.		1,944,589		0.7
	47,887	@	Innerworkings, Inc.		299,294		0.1
	12,645		Kforce, Inc.		332,311		0.1
	104,890		Koninklijke Philips NV		2,467,745		0.9
	10,489		L-3 Communications Holdings, Inc.		1,096,310		0.4
	13,361		Marten Transport Ltd.		216,047		0.1
	14,638		Multi-Color Corp.		1,119,661		0.4
	18,463		NCI Building Systems, Inc.		195,154		0.1
	21,061		On Assignment, Inc.		777,151		0.3
	25,919		Oshkosh Corp.		941,637		0.4
	8,002		Parker Hannifin Corp.		778,595		0.3
	13,743	@	Pentair PLC		701,443		0.3
	24,517		Raven Industries, Inc.		415,563		0.2
	139,574		Republic Services, Inc.		5,750,449		2.1
	28,868		Textron, Inc.		1,086,591		0.4
	11,661	@	Thermon Group Holdings, Inc.		239,634		0.1
	70,155	@	Tyco International Plc		2,347,386		0.9
	10,119		Valmont Industries, Inc.		960,192		0.4
					34,197,437		12.7
			Information Technology: 10.3%
	165,089		Applied Materials, Inc.		2,425,157		0.9
	16,116	@	AVG Technologies		350,523		0.1
	31,909	@	BroadSoft, Inc.		955,994		0.4
	8,203	@	Cardtronics, Inc.		268,238		0.1
	72,011		EVERTEC, Inc.		1,301,239		0.5
	13,860	@	Everyday Health, Inc.		126,680		0.0
	106,233		Exar Corp.		632,086		0.2
	43,125	@	Fairchild Semiconductor International, Inc.		605,475		0.2
	9,268		Harris Corp.		677,954		0.3
	28,545		Ingram Micro, Inc.		777,566		0.3
	66,209	@	Keysight Technologies, Inc.		2,041,886		0.8
	74,172		Kulicke & Soffa Industries, Inc.		680,899		0.3
	32,602		Lam Research Corp.		2,129,889		0.8
	51,554		Maxim Integrated Products		1,721,904		0.6
	58,880		Mentor Graphics Corp.		1,450,214		0.5
	45,049		Microchip Technology, Inc.		1,941,161		0.7
	52,483		Polycom, Inc.		550,022		0.2
	36,496		SanDisk Corp.		1,982,828		0.7
	42,715		Semtech Corp.		644,997		0.2
	102,029	@	Silicon Graphics International Corp.		400,974		0.2
	30,720	@	TE Connectivity Ltd.		1,839,821		0.7
	89,241		Teradyne, Inc.		1,607,230		0.6
	37,774	@	VeriFone Holdings, Inc.		1,047,473		0.4
	21,807		Western Digital Corp.		1,732,348		0.6
					27,892,558		10.3
			Materials: 4.5%
	22,416		Bemis Co., Inc.		887,001		0.3
	44,977	@	Berry Plastics Group, Inc.		1,352,458		0.5
	14,319	@	Chemtura Corp.		409,810		0.2
	11,241		Compass Minerals International, Inc.		880,957		0.3
	94,415		Graphic Packaging Holding Co.		1,207,568		0.5
	3,041		Haynes International, Inc.		115,071		0.0
	14,840		Innophos Holdings, Inc.		588,258		0.2
	21,139		Innospec, Inc.		983,175		0.4
	65,057		KapStone Paper and Packaging Corp.		1,074,091		0.4
	3,358		LSB Industries, Inc.		51,445		0.0
	43,077		Mosaic Co.		1,340,125		0.5
	44,716		Nucor Corp.		1,679,086		0.6
	41,518		Sonoco Products Co.		1,566,889		0.6
					12,135,934		4.5
			Telecommunication Services: 1.1%
	87,644		CenturyLink, Inc.		2,201,617		0.8
	17,882		Level 3 Communications, Inc.		781,265		0.3
					2,982,882		1.1
			Utilities: 8.2%
	9,588		Allete, Inc.		484,098		0.2
	25,110		Ameren Corp.		1,061,400		0.4
	32,406		Atmos Energy Corp.		1,885,381		0.7
	19,928		Consolidated Edison, Inc.		1,332,187		0.5
	47,700		Edison International		3,008,439		1.1
	10,104		El Paso Electric Co.		372,029		0.1
	83,576		Great Plains Energy, Inc.		2,258,224		0.8
	48,355		Laclede Group, Inc.		2,636,798		1.0
	18,886		NorthWestern Corp.		1,016,633		0.4
	28,087		OGE Energy Corp.		768,460		0.3
	33,478		Pacific Gas & Electric Co.		1,767,638		0.7

VY® American Century Small-Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Utilities: (continued)
	9,896		South Jersey Industries, Inc.	$	249,874		0.1
	68,651		Westar Energy, Inc.		2,638,945		1.0
	72,762		Xcel Energy, Inc.		2,576,503		0.9
					22,056,609		8.2
		Total Common Stock
		(Cost $275,458,991)			265,994,066		98.5

Principal Amount†				Value			Percentage of Net Assets
SHORT-TERM INVESTMENTS: 2.3%
			Securities Lending Collateralcc: 0.9%
	1,000,000		Barclays Capital, Inc., Repurchase Agreement dated 09/30/15, 0.10%, due 10/01/15 (Repurchase Amount $1,000,003, collateralized by various U.S. Government Securities, 0.000%-4.500%, Market Value plus accrued interest $1,020,000, due 10/15/15-08/15/45)		1,000,000			0.4
	1,000,000		Millenium Fixed Income Ltd., Repurchase Agreement dated 09/30/15, 0.15%, due 10/01/15 (Repurchase Amount $1,000,004, collateralized by various U.S. Government Securities, 1.500%-3.625%, Market Value plus accrued interest $1,020,000, due 11/30/19-02/15/44)		1,000,000			0.4
	343,006		Nomura Securities, Repurchase Agreement dated 09/30/15, 0.14%, due 10/01/15 (Repurchase Amount $343,007, collateralized by various U.S. Government and U.S. Government Agency Obligations, 0.000%-10.500%, Market Value plus accrued interest $349,866, due 11/15/15-07/20/65)		343,006			0.1
					2,343,006			0.9
Shares				Value			Percentage of Net Assets
			Mutual Funds: 1.4%
	3,882,558		BlackRock Liquidity Funds, TempFund, Institutional Class, 0.110%††
			(Cost $3,882,558)	$	3,882,558			1.4
		Total Short-Term Investments
		(Cost $6,225,564)			6,225,564			2.3
		Total Investments in Securities (Cost $281,684,555)		$	272,219,630			100.8
		Liabilities in Excess of Other Assets			(2,233,082	)		(0.8	)
		Net Assets		$	269,986,548			100.0

†	Unless otherwise indicated, principal amount is shown in USD.
††	Rate shown is the 7-day yield as of September 30, 2015.
@	Non-income producing security.
ADR	American Depositary Receipt
cc	Represents securities purchased with cash collateral received for securities on loan.
L	Loaned security, a portion or all of the security is on loan at September 30, 2015.
	Cost for federal income tax purposes is $284,079,447.
	Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	16,340,298
Gross Unrealized Depreciation		(28,200,115	)
Net Unrealized Depreciation	$	(11,859,817	)

VY® American Century Small-Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs# (Level 2)			Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Common Stock
Consumer Discretionary	$	26,378,838	$	–		$	–	$	26,378,838
Consumer Staples		17,871,166		506,377			–		18,377,543
Energy		25,333,951		–			–		25,333,951
Financials		80,063,984		–			–		80,063,984
Health Care		16,574,330		–			–		16,574,330
Industrials		31,729,692		2,467,745			–		34,197,437
Information Technology		27,892,558		–			–		27,892,558
Materials		12,135,934		–			–		12,135,934
Telecommunication Services		2,982,882		–			–		2,982,882
Utilities		22,056,609		–			–		22,056,609
Total Common Stock		263,019,944		2,974,122			–		265,994,066
Short-Term Investments		3,882,558		2,343,006			–		6,225,564
Total Investments, at fair value	$	266,902,502	$	5,317,128		$	–	$	272,219,630
Other Financial Instruments+
Forward Foreign Currency Contracts		–		7,461			–		7,461
Total Assets	$	266,902,502	$	5,324,589		$	–	$	272,227,091
Liabilities Table
Other Financial Instruments+
Forward Foreign Currency Contracts	$	–	$	(5,258	)	$	–	$	(5,258	)
Total Liabilities	$	–	$	(5,258	)	$	–	$	(5,258	)

+

Other Financial Instruments are derivatives not reflected in the portfolio of investments and may include open forward foreign currency contracts, futures, centrally cleared swaps, OTC swaps and written options. Forward foreign currency contracts, futures and centrally cleared swaps are valued at the unrealized gain (loss) on the instrument.  OTC swaps and written options are valued at the fair value of the instrument.

#

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

At September 30, 2015, the following forward foreign currency contracts were outstanding for VY® American Century Small-Mid Cap Value Portfolio:

Counterparty	Currency	Contract Amount		Buy/Sell	Settlement Date	In Exchange For		Fair Value		Unrealized Appreciation (Depreciation)
Credit Suisse Group AG	Japanese Yen		3,255,434	Buy	10/30/15	$	27,153	$	27,146	$	(7	)
UBS AG	EU Euro		4,209	Buy	10/30/15		4,737		4,705		(32	)
UBS AG	EU Euro		5,013	Buy	10/30/15		5,633		5,605		(28	)
										$	(67	)
Credit Suisse Group AG	Japanese Yen		83,724,895	Sell	10/30/15	$	692,961	$	698,152	$	(5,191	)
JPMorgan Chase & Co.	Canadian Dollar		4,380,069	Sell	10/30/15		3,288,537		3,281,697		6,840
UBS AG	EU Euro		55,274	Sell	10/30/15		62,101		61,791		310
UBS AG	EU Euro		136,754	Sell	10/30/15		152,893		152,875		18
UBS AG	EU Euro		2,233,150	Sell	10/30/15		2,496,695		2,496,402		293
										$	2,270

VY® American Century Small-Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

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

The fair value of derivative instruments as of September 30, 2015 was as follows:

Derivatives not accounted for as hedging instruments

Asset Derivatives	Instrument Type	Fair Value
Foreign exchange contracts	Forward foreign currency contracts	$	7,461
Total Asset Derivatives		$	7,461
Liability Derivatives	Instrument Type
Foreign exchange contracts	Forward foreign currency contracts	$	5,258
Total Liability Derivatives		$	5,258

The following is a summary by counterparty of the fair value of OTC derivative instruments subject to Master Netting Agreements and collateral pledged (received), if any, at September 30, 2015:

	Credit Suisse Group AG		JPMorgan Chase & Co.		UBS AG		Totals
Assets:
Forward foreign currency contracts	$	-	$	6,840	$	621	$	7,461
Total Assets		-		6,840		621		7,461
Total asset derivative instruments subject to master netting agreements (1)	$	-	$	-	$	-	$	-
Liabilities:
Forward foreign currency contracts	$	5,198	$	-	$	60	$	5,258
Total Liabilities		5,198		-		60		5,258
Total liability derivative instruments subject to master netting agreements (1)	$	-	$	-	$	-	$	-

⁽¹⁾ At September 30, 2015, the Portfolio had not entered into any master netting agreements with its derivative counterparties as disclosed above. As such, the Portfolio did not have any amounts subject to offset.

VY® Baron Growth Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 99.6%
			Consumer Discretionary: 32.7%
	3,700,000	@	AO World PLC	$	9,425,611		1.1
	429,000	@	Bright Horizons Family Solutions, Inc.		27,558,960		3.2
	570,000		Choice Hotels International, Inc.		27,160,500		3.1
	215,845		ClubCorp Holdings, Inc.		4,632,034		0.5
	122,217	@	Diamond Resorts International, Inc.		2,858,656		0.3
	490,000		Dick's Sporting Goods, Inc.		24,308,900		2.8
	327,463		Interval Leisure Group, Inc.		6,012,221		0.7
	195,000		LKQ Corp.		5,530,200		0.6
	761,383	@	Manchester United PLC - Class A		13,072,946		1.5
	160,000		Marriott Vacations Worldwide Corp.		10,902,400		1.2
	157,000		Morningstar, Inc.		12,600,820		1.4
	187,858	@	Nord Anglia Education, Inc.		3,819,153		0.4
	66,700		Panera Bread Co.		12,900,447		1.5
	400,380		Penn National Gaming, Inc.		6,718,376		0.8
	593,691		Pinnacle Entertainment, Inc.		20,090,503		2.3
	502,500		Under Armour, Inc.		48,631,950		5.6
	475,000		Vail Resorts, Inc.		49,723,000		5.7
					285,946,677		32.7
			Consumer Staples: 7.6%
	63,294	@	Boston Beer Co., Inc.		13,330,349		1.5
	194,733		Church & Dwight Co., Inc.		16,338,099		1.9
	470,000	@	Smart & Final Stores, Inc.		7,383,700		0.9
	229,600	@	TreeHouse Foods, Inc.		17,860,584		2.0
	235,031		United Natural Foods, Inc.		11,401,354		1.3
					66,314,086		7.6
			Financials: 16.4%
	17,700		Alexander's, Inc.		6,619,800		0.8
	82,000		Alexandria Real Estate Equities, Inc.		6,942,940		0.8
	115,000		American Assets Trust, Inc.		4,698,900		0.5
	195,000		Arch Capital Group Ltd.		14,326,650		1.6
	272,255		Artisan Partners Asset Management, Inc.		9,591,544		1.1
	343,000		Carlyle Group L.P.		5,762,400		0.7
	420,000		Cohen & Steers, Inc.		11,529,000		1.3
	474,170		Douglas Emmett, Inc.		13,618,162		1.5
	297,229		Financial Engines, Inc.		8,759,339		1.0
	504,411		Gaming and Leisure Properties, Inc.		14,981,007		1.7
	175,000		LaSalle Hotel Properties		4,968,250		0.6
	161,498		Moelis & Co.		4,240,937		0.5
	208,000		MSCI, Inc. - Class A		12,367,680		1.4
	160,000		Oaktree Capital Group, LLC		7,920,000		0.9
	390,000		Primerica, Inc.		17,577,300		2.0
					143,903,909		16.4
			Health Care: 9.5%
	50,000	@	Atara Biotherapeutics, Inc.		1,572,000		0.2
	105,000		Bio-Techne Corp.		9,708,300		1.1
	395,000		Community Health Systems, Inc.		16,894,150		1.9
	34,939	@	ConforMIS, Inc.		630,998		0.1
	134,978	@	Diplomat Pharmacy, Inc.		3,877,918		0.4
	20,000		Edwards Lifesciences Corp.		2,843,400		0.3
	244,400		Idexx Laboratories, Inc.		18,146,700		2.1
	69,000	@	Mettler Toledo International, Inc.		19,647,060		2.3
	47,008		Neogen Corp.		2,114,890		0.2
	146,956		West Pharmaceutical Services, Inc.		7,953,259		0.9
					83,388,675		9.5
			Industrials: 12.7%
	285,000		Air Lease Corp.		8,812,200		1.0
	200,000	@	Colfax Corp.		5,982,000		0.7
	157,000	@	CoStar Group, Inc.		27,170,420		3.1
	195,000		Generac Holdings, Inc.		5,867,550		0.7
	211,000		Genesee & Wyoming, Inc.		12,465,880		1.4
	59,000		Landstar System, Inc.		3,744,730		0.4
	318,000		Middleby Corp.		33,450,420		3.8
	100,000		MSC Industrial Direct Co.		6,103,000		0.7
	100,000		Trex Co., Inc.		3,333,000		0.4
	42,500		Valmont Industries, Inc.		4,032,825		0.5
					110,962,025		12.7
			Information Technology: 16.9%
	239,000		Ansys, Inc.		21,065,460		2.4
	300,448	@	Benefitfocus, Inc.		9,389,000		1.1
	442,500		Booz Allen Hamilton Holding Corp.		11,597,925		1.3
	85,000		Factset Research Systems, Inc.		13,583,850		1.6
	387,000		Gartner, Inc.		32,480,910		3.7
	165,000	@	Guidewire Software, Inc.		8,675,700		1.0
	400,000		MAXIMUS, Inc.		23,824,000		2.7
	385,000		SS&C Technologies Holdings, Inc.		26,965,400		3.1
					147,582,245		16.9
			Materials: 1.4%
	402,000	@	Caesar Stone Sdot Yam Ltd.		12,220,800		1.4
			Telecommunication Services: 0.6%
	921,311	@	Iridium Communications, Inc.		5,666,062		0.6

VY® Baron Growth Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Utilities: 1.8%
	480,000		ITC Holdings Corp.	$	16,003,200		1.8
		Total Common Stock
		(Cost $444,381,236)			871,987,679		99.6
		Assets in Excess of Other Liabilities			3,114,261		0.4
		Net Assets		$	875,101,940		100.0

@ Non-income producing security.

Cost for federal income tax purposes is $445,785,434.

Net unrealized appreciation consists of:

Gross Unrealized Appreciation	$	443,498,642
Gross Unrealized Depreciation		(17,296,397	)
Net Unrealized Appreciation	$	426,202,245

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Common Stock*	$	871,987,679	$	–	$	–	$	871,987,679
Total Investments, at fair value	$	871,987,679	$	–	$	–	$	871,987,679

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

VY® Columbia Contrarian Core Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 98.6%
			Consumer Discretionary: 11.4%
	61,677		ARAMARK Holdings Corp.	$	1,828,106		0.6
	75,395		CBS Corp. - Class B		3,008,261		0.9
	142,257		Comcast Corp. – Class A		8,091,578		2.5
	63,718	@	Delphi Automotive PLC		4,845,117		1.5
	84,724		Lowe's Cos, Inc.		5,839,178		1.8
	48,350		McDonald's Corp.		4,763,926		1.5
	76,247	@	Michaels Cos, Inc.		1,761,306		0.5
	6,511		Mohawk Industries, Inc.		1,183,635		0.4
	2,740		Priceline.com, Inc.		3,388,996		1.1
	17,909		PVH Corp.		1,825,643		0.6
					36,535,746		11.4
			Consumer Staples: 8.0%
	94,921		CVS Health Corp.		9,157,978		2.8
	36,540	@	Diageo PLC ADR		3,938,647		1.2
	69,268		PepsiCo, Inc.		6,531,972		2.0
	51,360		Philip Morris International, Inc.		4,074,389		1.3
	25,912		Walgreens Boots Alliance, Inc.		2,153,287		0.7
					25,856,273		8.0
			Energy: 6.3%
	100,352	@	Canadian Natural Resources Ltd.		1,951,846		0.6
	55,621		Chevron Corp.		4,387,385		1.4
	42,157		ConocoPhillips		2,021,850		0.6
	60,240		Exxon Mobil Corp.		4,478,844		1.4
	26,190		Noble Energy, Inc.		790,414		0.2
	57,315		Range Resources Corp.		1,840,958		0.6
	32,475		Schlumberger Ltd.		2,239,801		0.7
	70,806		Williams Cos., Inc.		2,609,201		0.8
					20,320,299		6.3
			Financials: 17.4%
	104,685		American Express Co.		7,760,299		2.4
	47,258	@	Aon PLC		4,187,531		1.3
	329,623		Bank of America Corp.		5,135,526		1.6
	36,921		Bank of New York Mellon Corp.		1,445,457		0.4
	70,737		Berkshire Hathaway, Inc. – Class B		9,224,105		2.9
	16,894		Blackrock, Inc.		5,025,458		1.6
	123,586		Citigroup, Inc.		6,131,101		1.9
	7,284		Goldman Sachs Group, Inc.		1,265,668		0.4
	150,778		JPMorgan Chase & Co.		9,192,935		2.9
	33,425		Rayonier, Inc.		737,690		0.2
	112,410		Wells Fargo & Co.		5,772,254		1.8
					55,878,024		17.4
			Health Care: 16.4%
	122,680		Abbott Laboratories		4,934,190		1.5
	74,270		Baxalta, Inc.		2,340,248		0.7
	16,855		Biogen, Inc.		4,918,458		1.5
	75,549		Cardinal Health, Inc.		5,803,674		1.8
	44,004		Celgene Corp.		4,759,913		1.5
	31,113		Cigna Corp.		4,200,877		1.3
	9,775		Cooper Cos., Inc.		1,455,106		0.5
	83,734		Johnson & Johnson		7,816,569		2.4
	133,158		Medtronic PLC		8,913,596		2.8
	6,241	@	Perrigo Co. PLC		981,522		0.3
	48,794		St. Jude Medical, Inc.		3,078,413		1.0
	20,841		Vertex Pharmaceuticals, Inc.		2,170,382		0.7
	15,215		Zimmer Biomet Holdings, Inc.		1,429,145		0.4
					52,802,093		16.4
			Industrials: 11.2%
	19,443		Dun & Bradstreet Corp.		2,041,515		0.6
	21,901		FedEx Corp.		3,153,306		1.0
	36,349		Fortune Brands Home & Security, Inc.		1,725,487		0.5
	247,070		General Electric Co.		6,231,105		1.9
	65,037		Honeywell International, Inc.		6,158,354		1.9
	15,845	@	IHS, Inc.		1,838,020		0.6
	14,442		Kansas City Southern		1,312,489		0.4
	159,355	@	Nielsen NV		7,086,517		2.2
	94,762	@	Tyco International Plc		3,170,736		1.0
	38,000		United Technologies Corp.		3,381,620		1.1
					36,099,149		11.2
			Information Technology: 22.8%
	201,325		Activision Blizzard, Inc.		6,218,929		1.9
	5,470	@	Alibaba Group Holding Ltd. ADR		322,566		0.1
	119,401		Apple, Inc.		13,169,930		4.1
	91,772		Broadcom Corp.		4,719,834		1.5
	39,664		Electronic Arts, Inc.		2,687,236		0.9
	171,269		EMC Corp.		4,137,859		1.3
	60,490	@	Facebook, Inc.		5,438,051		1.7
	6,953		Google, Inc. - Class A		4,438,587		1.4
	13,889		Google, Inc. - Class C		8,450,345		2.6
	135,968		Hewlett-Packard Co.		3,482,141		1.1
	35,611		Intuit, Inc.		3,160,476		1.0
	72,100		Mastercard, Inc.		6,497,652		2.0
	174,005		Microsoft Corp.		7,701,461		2.4
	14,745	@	Qorvo, Inc.		664,262		0.2
	24,198		Skyworks Solutions, Inc.		2,037,714		0.6
					73,127,043		22.8
			Materials: 0.2%
	8,075	@	LyondellBasell Industries NV - Class A		673,132		0.2
			Telecommunication Services: 2.8%
	205,867		Verizon Communications, Inc.		8,957,273		2.8
			Utilities: 2.1%
	26,170		DTE Energy Co.		2,103,283		0.7
	28,735		Duke Energy Corp.		2,067,196		0.6

VY® Columbia Contrarian Core Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Utilities: (continued)
	38,746		Edison International	$	2,443,710		0.8
					6,614,189		2.1
		Total Common Stock
		(Cost $299,212,120)			316,863,221		98.6

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: –%
			Materials: –%
	649,000		SINO Forest Corp. Escrow		–		–
		Total Corporate Bonds/Notes
		(Cost $–)			–		–
		Total Investments in Securities (Cost $299,212,120)		$	316,863,221		98.6
		Assets in Excess of Other Liabilities			4,399,109		1.4
		Net Assets		$	321,262,330		100.0

†	Unless otherwise indicated, principal amount is shown in USD.
@	Non-income producing security.
ADR	American Depositary Receipt

Cost for federal income tax purposes is $299,731,895.

Net unrealized appreciation consists of:

Gross Unrealized Appreciation	$	33,116,206
Gross Unrealized Depreciation		(15,984,880	)
Net Unrealized Appreciation	$	17,131,326

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Common Stock*	$	316,863,221	$	–	$	–	$	316,863,221
Corporate Bonds/Notes		–		–		–		–
Total Investments, at fair value	$	316,863,221	$	–	$	–	$	316,863,221

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

VY® Columbia Small Cap Value II Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 97.9%
			Consumer Discretionary: 14.5%
	39,000		AMC Entertainment Holdings, Inc.	$	982,410		0.5
	150,000		American Eagle Outfitters		2,344,500		1.1
	67,500		Bloomin Brands, Inc.		1,227,150		0.6
	28,500		Childrens Place Retail Stores, Inc.		1,643,595		0.8
	42,000	@	Dave & Buster's Entertainment, Inc.		1,588,860		0.7
	53,000		Guess?, Inc.		1,132,080		0.5
	29,000	@	Helen of Troy Ltd.		2,589,700		1.2
	98,696		Media General, Inc.		1,380,757		0.7
	94,000	@	Nord Anglia Education, Inc.		1,911,020		0.9
	92,000	@	Party City Holdco, Inc.		1,469,240		0.7
	111,000		Penn National Gaming, Inc.		1,862,580		0.9
	24,000	@	Red Robin Gourmet Burgers, Inc.		1,817,760		0.9
	52,000		Ryland Group, Inc.		2,123,160		1.0
	119,000		Sequential Brands Group, Inc.		1,721,930		0.8
	63,000		Sinclair Broadcast Group, Inc.		1,595,160		0.8
	10,200	@	Skechers USA, Inc.		1,367,616		0.6
	24,000		Tenneco, Inc.		1,074,480		0.5
	63,857	@	Tower International, Inc.		1,517,242		0.7
	121,000	@	Travelcenters of America LLC		1,249,930		0.6
					30,599,170		14.5
			Consumer Staples: 3.1%
	32,000		Nu Skin Enterprises, Inc.		1,320,960		0.6
	57,000		SpartanNash Co.		1,473,450		0.7
	203,000		Supervalu, Inc.		1,457,540		0.7
	30,000	@	TreeHouse Foods, Inc.		2,333,700		1.1
					6,585,650		3.1
			Energy: 5.0%
	100,000	@	Aegean Marine Petroleum Network, Inc.		674,000		0.3
	27,000	@	Carrizo Oil & Gas, Inc.		824,580		0.4
	48,000		Delek US Holdings, Inc.		1,329,600		0.6
	92,000	@	Matador Resources Co.		1,908,080		0.9
	46,000	@	Parsley Energy, Inc.		693,220		0.3
	123,000		Patterson-UTI Energy, Inc.		1,616,220		0.8
	38,000	@	PDC Energy, Inc.		2,014,380		1.0
	210,000		Teekay Tankers Ltd.		1,449,000		0.7
					10,509,080		5.0
			Financials: 40.8%
	70,000		American Assets Trust, Inc.		2,860,200		1.4
	80,000		American Equity Investment Life Holding Co.		1,864,800		0.9
	65,000		Ameris Bancorp.		1,868,750		0.9
	60,000		Amerisafe, Inc.		2,983,800		1.4
	32,000		Amtrust Financial Services, Inc.		2,015,360		1.0
	54,500	@	Argo Group International Holdings Ltd.		3,084,155		1.5
	55,000		Bank of the Ozarks, Inc.		2,406,800		1.1
	116,300		Brandywine Realty Trust		1,432,816		0.7
	44,000		Cathay General Bancorp.		1,318,240		0.6
	31,000		Chatham Lodging Trust		665,880		0.3
	126,000		CNO Financial Group, Inc.		2,370,060		1.1
	79,000		Community Bank System, Inc.		2,936,430		1.4
	97,000		CubeSmart		2,639,370		1.2
	68,000		Customers Bancorp, Inc.		1,747,600		0.8
	120,000		EverBank Financial Corp.		2,316,000		1.1
	67,000		First American Financial Corp.		2,617,690		1.2
	110,000		First Industrial Realty Trust, Inc.		2,304,500		1.1
	125,000		FirstMerit Corp.		2,208,750		1.0
	53,000		Highwoods Properties, Inc.		2,053,750		1.0
	90,000		Hilltop Holdings, Inc.		1,782,900		0.8
	65,000		Independent Bank Corp.		2,996,500		1.4
	33,000		Kilroy Realty Corp.		2,150,280		1.0
	32,000		LaSalle Hotel Properties		908,480		0.4
	46,000		LegacyTexas Financial Group, Inc.		1,402,080		0.7
	66,000		Mack-Cali Realty Corp.		1,246,080		0.6
	134,000		MGIC Investment Corp.		1,240,840		0.6
	72,200		PrivateBancorp, Inc.		2,767,426		1.3
	15,500		Prosperity Bancshares, Inc.		761,205		0.4
	12,082		PS Business Parks, Inc.		959,069		0.5
	126,000		Radian Group, Inc.		2,004,660		0.9
	90,000		Renasant Corp.		2,956,500		1.4
	41,000		RLJ Lodging Trust		1,036,070		0.5
	83,000		Sandy Spring Bancorp, Inc.		2,172,940		1.0
	195,000		Sterling Bancorp/DE		2,899,650		1.4
	19,000		Sun Communities, Inc.		1,287,440		0.6
	34,000		Symetra Financial Corp.		1,075,760		0.5
	37,600		TriplePoint Venture Growth BDC Corp.		381,264		0.2
	130,000		Umpqua Holdings Corp.		2,119,000		1.0
	107,000		Union Bankshares Corp.		2,568,000		1.2
	80,000		Virtu Financial, Inc.		1,833,600		0.9
	93,000	@	Western Alliance Bancorp.		2,856,030		1.4
	212,800		Wilshire Bancorp., Inc.		2,236,528		1.1
	51,000		Wintrust Financial Corp.		2,724,930		1.3
					86,062,183		40.8
			Health Care: 7.5%
	13,600		AMAG Pharmaceuticals, Inc.		540,328		0.3
	59,000	@	Catalent, Inc.		1,433,700		0.7
	76,901	@	Globus Medical Inc		1,588,775		0.8
	60,000		Kindred Healthcare, Inc.		945,000		0.4
	47,500	@	LHC Group, Inc.		2,126,575		1.0
	21,500	@	LifePoint Hospitals, Inc.		1,524,350		0.7

VY® Columbia Small Cap Value II Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Health Care: (continued)
	52,000	@	MedAssets, Inc.	$	1,043,120		0.5
	27,000		Parexel International Corp.		1,671,840		0.8
	83,500	@	PharMerica Corp.		2,377,245		1.1
	48,000		VCA, Inc.		2,527,200		1.2
					15,778,133		7.5
			Industrials: 10.5%
	56,000		ABM Industries, Inc.		1,529,360		0.7
	19,000		Alaska Air Group, Inc.		1,509,550		0.7
	63,000		Beacon Roofing Supply, Inc.		2,046,870		1.0
	37,000		Deluxe Corp.		2,062,380		1.0
	50,600		EMCOR Group, Inc.		2,239,050		1.1
	71,000		JetBlue Airways Corp.		1,829,670		0.9
	106,132	@	Neff Corp.		593,278		0.3
	66,000		On Assignment, Inc.		2,435,400		1.1
	74,000		Steelcase, Inc.		1,362,340		0.6
	53,000	@	Swift Transportation Co.		796,060		0.4
	63,500		Trinity Industries, Inc.		1,439,545		0.7
	64,500		TrueBlue, Inc.		1,449,315		0.7
	108,000		Wabash National Corp.		1,143,720		0.5
	80,000		West Corp.		1,792,000		0.8
					22,228,538		10.5
			Information Technology: 8.6%
	38,000	@	AVG Technologies		826,500		0.4
	135,000		Cypress Semiconductor Corp.		1,150,200		0.5
	56,000	@	Endurance International Group Holdings, Inc.		748,160		0.4
	89,000	@	Fairchild Semiconductor International, Inc.		1,249,560		0.6
	121,000		II-VI, Inc.		1,945,680		0.9
	100,000		Integrated Device Technology, Inc.		2,030,000		1.0
	97,000		IXYS Corp.		1,082,520		0.5
	149,727		Kulicke & Soffa Industries, Inc.		1,374,494		0.7
	93,000		Mentor Graphics Corp.		2,290,590		1.1
	24,000		Rogers Corp.		1,276,320		0.6
	50,000	@	Super Micro Computer, Inc.		1,363,000		0.6
	18,500		SYNNEX Corp.		1,573,610		0.7
	45,000		Take-Two Interactive Software, Inc.		1,292,850		0.6
					18,203,484		8.6
			Materials: 3.1%
	42,000		Carpenter Technology Corp.		1,250,340		0.6
	54,000		Materion Corp.		1,621,080		0.8
	40,000		Neenah Paper, Inc.		2,331,200		1.1
	90,393	@	Orion Engineered Carbons SA		1,306,179		0.6
					6,508,799		3.1
			Utilities: 4.8%
	85,000		Avista Corp.		2,826,250		1.3
	72,000		New Jersey Resources Corp.		2,162,160		1.0
	79,000		South Jersey Industries, Inc.		1,994,750		1.0
	45,000		Southwest Gas Corp.		2,624,400		1.3
	30,000		TerraForm Power, Inc.		426,600		0.2
					10,034,160		4.8
		Total Common Stock
		(Cost $188,761,555)			206,509,197		97.9
SHORT-TERM INVESTMENTS: 0.9%
			Mutual Funds: 0.9%
	1,943,135		BlackRock Liquidity Funds, TempFund, Institutional Class, 0.110%††
			(Cost $1,943,135)		1,943,135		0.9
		Total Short-Term Investments
		(Cost $1,943,135)			1,943,135		0.9
		Total Investments in Securities (Cost $190,704,690)		$	208,452,332		98.8
		Assets in Excess of Other Liabilities			2,625,834		1.2
		Net Assets		$	211,078,166		100.0

††	Rate shown is the 7-day yield as of September 30, 2015.
@	Non-income producing security.

Cost for federal income tax purposes is $190,867,452.

Net unrealized appreciation consists of:

Gross Unrealized Appreciation	$	31,526,379
Gross Unrealized Depreciation		(13,941,499	)
Net Unrealized Appreciation	$	17,584,880

VY® Columbia Small Cap Value II Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Common Stock*	$	206,509,197	$	–	$	–	$	206,509,197
Short-Term Investments		1,943,135		–		–		1,943,135
Total Investments, at fair value	$	208,452,332	$	–	$	–	$	208,452,332

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

VY® Fidelity® VIP Contrafund® Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares			Value		Percentage of Net Assets
Master Fund: 99.9%
	7,589,138	Fidelity VIP Contrafund Portfolio	$	240,272,110		99.9
		Total Investments in Master Fund
		(Cost $176,310,783)	$	240,272,110		99.9
		Assets in Excess of Other Liabilities		354,991		0.1
		Net Assets	$	240,627,101		100.0

Cost for federal income tax purposes is $219,236,013.

Net unrealized appreciation consists of:

Gross Unrealized Appreciation	$	21,036,097
Gross Unrealized Depreciation		–
Net Unrealized Appreciation	$	21,036,097

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Master Fund	$	240,272,110	$	–	$	–	$	240,272,110
Total Investments, at fair value	$	240,272,110	$	–	$	–	$	240,272,110

VY® Fidelity® VIP Equity-Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares			Value		Percentage of Net Assets
Master Fund: 99.9%
	541,187	Fidelity VIP Equity-Income Portfolio	$	10,785,860		99.9
		Total Investments in Master Fund
		(Cost $11,241,340)	$	10,785,860		99.9
		Assets in Excess of Other Liabilities		10,247		0.1
		Net Assets	$	10,796,107		100.0

Cost for federal income tax purposes is $12,675,299.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	–
Gross Unrealized Depreciation		(1,889,439	)
Net Unrealized Depreciation	$	(1,889,439	)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Master Fund	$	10,785,860	$	–	$	–	$	10,785,860
Total Investments, at fair value	$	10,785,860	$	–	$	–	$	10,785,860

VY® Fidelity® VIP Mid Cap Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares			Value		Percentage of Net Assets
Master Fund: 99.8%
	1,084,030	Fidelity VIP Mid Cap Portfolio	$	33,659,122		99.8
		Total Investments in Master Fund
		(Cost $34,773,349)	$	33,659,122		99.8
		Assets in Excess of Other Liabilities		79,802		0.2
		Net Assets	$	33,738,924		100.0

Cost for federal income tax purposes is $36,375,544.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	–
Gross Unrealized Depreciation		(2,716,422	)
Net Unrealized Depreciation	$	(2,716,422	)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Master Fund	$	33,659,122	$	–	$	–	$	33,659,122
Total Investments, at fair value	$	33,659,122	$	–	$	–	$	33,659,122

VY® Invesco Comstock Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 97.0%
			Consumer Discretionary: 15.9%
	291,817	@	Carnival Corp.	$	14,503,305		2.7
	49,771		CBS Corp. - Class B		1,985,863		0.4
	150,270		Comcast Corp. – Class A		8,547,357		1.6
	27,965	L	Fossil Group, Inc.		1,562,684		0.3
	298,680		General Motors Co.		8,966,374		1.7
	227,604		Johnson Controls, Inc.		9,413,701		1.8
	141,045		Kohl's Corp.		6,531,794		1.2
	71,194		Mattel, Inc.		1,499,346		0.3
	110,195		Newell Rubbermaid, Inc.		4,375,843		0.8
	84,307		Target Corp.		6,631,589		1.2
	34,086		Time Warner Cable, Inc.		6,114,006		1.2
	34,641		Time Warner, Inc.		2,381,569		0.4
	225,490		Twenty-First Century Fox, Inc. Class B		6,104,014		1.1
	143,739		Viacom, Inc. Class B		6,202,338		1.2
					84,819,783		15.9
			Consumer Staples: 6.1%
	209,776		Coca-Cola Co.		8,416,213		1.6
	235,462		ConAgra Foods, Inc.		9,538,566		1.8
	25,212		CVS Health Corp.		2,432,454		0.5
	102,614		Mondelez International, Inc.		4,296,448		0.8
	59,014	@	Unilever NV ADR		2,372,363		0.4
	81,904		Wal-Mart Stores, Inc.		5,310,655		1.0
					32,366,699		6.1
			Energy: 13.4%
	272,761	@	BP PLC ADR		8,335,576		1.6
	81,640		Chevron Corp.		6,439,763		1.2
	131,915		Devon Energy Corp.		4,892,727		0.9
	133,515		Halliburton Co.		4,719,755		0.9
	57,435		Hess Corp.		2,875,196		0.5
	141,709		Murphy Oil Corp.		3,429,358		0.7
	234,449	@,L	Noble Corp. PLC		2,557,839		0.5
	71,372		Occidental Petroleum Corp.		4,721,258		0.9
	249,720		QEP Resources, Inc.		3,128,992		0.6
	207,019	@	Royal Dutch Shell PLC - Class A ADR		9,810,631		1.8
	444,470	@	Suncor Energy, Inc.		11,876,238		2.2
	996,771	@	Weatherford International PLC		8,452,618		1.6
					71,239,951		13.4
			Financials: 28.0%
	91,391		Aflac, Inc.		5,312,559		1.0
	109,940		Allstate Corp.		6,402,906		1.2
	247,768		Ally Financial, Inc.		5,049,512		1.0
	972,912		Bank of America Corp.		15,157,969		2.9
	217,320		Bank of New York Mellon Corp.		8,508,078		1.6
	507,957		Citigroup, Inc.		25,199,747		4.7
	166,142		Citizens Financial Group, Inc.		3,964,148		0.7
	401,595		Fifth Third Bancorp		7,594,161		1.4
	30,445		Goldman Sachs Group, Inc.		5,290,123		1.0
	313,473		JPMorgan Chase & Co.		19,112,449		3.6
	163,134		Metlife, Inc.		7,691,768		1.5
	269,520		Morgan Stanley		8,489,880		1.6
	101,915		PNC Financial Services Group, Inc.		9,090,818		1.7
	133,094		State Street Corp.		8,945,248		1.7
	53,143		US Bancorp		2,179,394		0.4
	210,628		Wells Fargo & Co.		10,815,748		2.0
					148,804,508		28.0
			Health Care: 11.1%
	78,469		AbbVie, Inc.		4,269,498		0.8
	37,344		Anthem, Inc.		5,228,160		1.0
	55,244		Express Scripts Holding Co.		4,472,554		0.8
	51,872	@	GlaxoSmithKline PLC ADR		1,994,479		0.4
	55,029		Medtronic PLC		3,683,641		0.7
	204,302		Merck & Co., Inc.		10,090,476		1.9
	85,750		Novartis AG		7,881,444		1.5
	291,957		Pfizer, Inc.		9,170,369		1.7
	143,088	@	Roche Holding AG ADR		4,714,750		0.9
	162,904	@,L	Sanofi-Aventis SA ADR		7,733,053		1.4
					59,238,424		11.1
			Industrials: 6.4%
	56,134		Caterpillar, Inc.		3,668,918		0.7
	150,931		Emerson Electric Co.		6,666,622		1.3
	558,641		General Electric Co.		14,088,926		2.6
	11,706		Honeywell International, Inc.		1,108,441		0.2
	57,539	@	Ingersoll-Rand PLC - Class A		2,921,255		0.5
	152,199		Textron, Inc.		5,728,771		1.1
					34,182,933		6.4
			Information Technology: 12.9%
	33,416		Autodesk, Inc.		1,474,982		0.3
	454,063		Cisco Systems, Inc.		11,919,154		2.2
	79,378		Citrix Systems, Inc.		5,499,308		1.0
	191,825		Corning, Inc.		3,284,044		0.6
	231,677		eBay, Inc.		5,662,186		1.1
	260,788		Hewlett-Packard Co.		6,678,781		1.3
	157,411		Intel Corp.		4,744,367		0.9
	172,208		Microsoft Corp.		7,621,926		1.4
	249,980		NetApp, Inc.		7,399,408		1.4
	145,603	@	PayPal Holdings, Inc.		4,519,517		0.9
	359,635		Symantec Corp.		7,002,093		1.3
	89,735		Yahoo!, Inc.		2,594,239		0.5
					68,400,005		12.9
			Materials: 1.4%
	375,648		Alcoa, Inc.		3,628,760		0.7
	104,200		International Paper Co.		3,937,718		0.7
					7,566,478		1.4
			Telecommunication Services: 0.7%
	805,652		Frontier Communications Corp.		3,826,847		0.7
			Utilities: 1.1%
	77,530		FirstEnergy Corp.		2,427,464		0.4

VY® Invesco Comstock Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Utilities: (continued)
	66,856		Pacific Gas & Electric Co.	$	3,529,997		0.7
					5,957,461		1.1
		Total Common Stock
		(Cost $488,923,909)			516,403,089		97.0

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 2.5%
		Securities Lending Collateralcc: 0.8%
	1,005,856	Barclays Capital, Inc., Repurchase Agreement dated 09/30/15, 0.10%, due 10/01/15 (Repurchase Amount $1,005,859, collateralized by various U.S. Government Securities, 0.000%-4.500%, Market Value plus accrued interest $1,025,973, due 10/15/15-08/15/45)		1,005,856		0.2
	211,749	Daiwa Capital Markets, Repurchase Agreement dated 09/30/15, 0.20%, due 10/01/15 (Repurchase Amount $211,750, collateralized by various U.S. Government and U.S. Government Agency Obligations, 0.000%-7.500%, Market Value plus accrued interest $215,984, due 10/01/15-09/09/49)		211,749		0.0
	1,005,856	HSBC Securities USA, Repurchase Agreement dated 09/30/15, 0.10%, due 10/01/15 (Repurchase Amount $1,005,859, collateralized by various U.S. Government Agency Obligations, 0.000%-7.250%, Market Value plus accrued interest $1,025,974, due 11/15/15-07/15/37)		1,005,856		0.2
	1,005,856	Millenium Fixed Income Ltd., Repurchase Agreement dated 09/30/15, 0.15%, due 10/01/15 (Repurchase Amount $1,005,860, collateralized by various U.S. Government Securities, 1.500%-3.625%, Market Value plus accrued interest $1,025,973, due 11/30/19-02/15/44)		1,005,856		0.2
	1,005,856	Nomura Securities, Repurchase Agreement dated 09/30/15, 0.14%, due 10/01/15 (Repurchase Amount $1,005,860, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-10.500%, Market Value plus accrued interest $1,025,973, due 11/15/15-07/20/65)		1,005,856		0.2
				4,235,173		0.8

Shares				Value		Percentage of Net Assets
			Mutual Funds: 1.7%
	9,251,767		BlackRock Liquidity Funds, TempFund, Institutional Class, 0.110%††
			(Cost $9,251,767)		9,251,767		1.7
		Total Short-Term Investments
		(Cost $13,486,940)			13,486,940		2.5
		Total Investments in Securities (Cost $502,410,849)		$	529,890,029		99.5
		Assets in Excess of Other Liabilities			2,595,997		0.5
		Net Assets		$	532,486,026		100.0

†	Unless otherwise indicated, principal amount is shown in USD.
††	Rate shown is the 7-day yield as of September 30, 2015.
@	Non-income producing security.
ADR	American Depositary Receipt
cc	Represents securities purchased with cash collateral received for securities on loan.
L	Loaned security, a portion or all of the security is on loan at September 30, 2015.

VY® Invesco Comstock Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Cost for federal income tax purposes is $515,738,931.

Net unrealized appreciation consists of:

Gross Unrealized Appreciation	$	70,420,130
Gross Unrealized Depreciation		(56,269,032	)
Net Unrealized Appreciation	$	14,151,098

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs# (Level 2)			Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Common Stock
Consumer Discretionary	$	84,819,783	$	–		$	–	$	84,819,783
Consumer Staples		32,366,699		–			–		32,366,699
Energy		71,239,951		–			–		71,239,951
Financials		148,804,508		–			–		148,804,508
Health Care		51,356,980		7,881,444			–		59,238,424
Industrials		34,182,933		–			–		34,182,933
Information Technology		68,400,005		–			–		68,400,005
Materials		7,566,478		–			–		7,566,478
Telecommunication Services		3,826,847		–			–		3,826,847
Utilities		5,957,461		–			–		5,957,461
Total Common Stock		508,521,645		7,881,444			–		516,403,089
Short-Term Investments		9,251,767		4,235,173			–		13,486,940
Total Investments, at fair value	$	517,773,412	$	12,116,617		$	–	$	529,890,029
Other Financial Instruments+
Forward Foreign Currency Contracts		–		488,039			–		488,039
Total Assets	$	517,773,412	$	12,604,656		$	–	$	530,378,068
Liabilities Table
Other Financial Instruments+
Forward Foreign Currency Contracts	$	–	$	(3,776	)	$	–	$	(3,776	)
Total Liabilities	$	–	$	(3,776	)	$	–	$	(3,776	)

+

Other Financial Instruments are derivatives not reflected in the portfolio of investments and may include open forward foreign currency contracts, futures, centrally cleared swaps, OTC swaps and written options. Forward foreign currency contracts, futures and centrally cleared swaps are valued at the unrealized gain (loss) on the instrument.  OTC swaps and written options are valued at the fair value of the instrument.

#

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

At September 30, 2015, the following forward foreign currency contracts were outstanding for VY® Invesco Comstock Portfolio:

Counterparty	Currency	Contract Amount		Buy/Sell	Settlement Date	In Exchange For		Fair Value		Unrealized Appreciation (Depreciation)
Deutsche Bank AG	Swiss Franc		967,089	Buy	10/16/15	$	996,550	$	992,774	$	(3,776	)
										$	(3,776	)
Barclays Bank PLC	EU Euro		3,061,336	Sell	10/16/15	$	3,464,692	$	3,421,487	$	43,205
CIBC World Markets	Swiss Franc		2,735,153	Sell	10/16/15		2,821,141		2,807,795		13,346
CIBC World Markets	EU Euro		3,061,336	Sell	10/16/15		3,464,024		3,421,486		42,538
CIBC World Markets	Canadian Dollar		3,177,815	Sell	10/16/15		2,398,659		2,381,103		17,556
CIBC World Markets	British Pound		1,437,813	Sell	10/16/15		2,213,240		2,174,906		38,334
Deutsche Bank AG	Canadian Dollar		3,177,837	Sell	10/16/15		2,398,657		2,381,119		17,538
Deutsche Bank AG	EU Euro		3,061,337	Sell	10/16/15		3,463,704		3,421,488		42,216

VY® Invesco Comstock Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Counterparty	Currency	Contract Amount		Buy/Sell	Settlement Date	In Exchange For		Fair Value		Unrealized Appreciation (Depreciation)
Deutsche Bank AG	British Pound		1,437,813	Sell	10/16/15	$	2,212,492	$	2,174,906	$	37,586
Deutsche Bank AG	Swiss Franc		2,735,097	Sell	10/16/15		2,821,346		2,807,738		13,608
Goldman Sachs & Co.	Canadian Dollar		3,177,837	Sell	10/16/15		2,399,001		2,381,119		17,882
Goldman Sachs & Co.	EU Euro		3,061,336	Sell	10/16/15		3,463,473		3,421,486		41,987
Goldman Sachs & Co.	British Pound		1,437,813	Sell	10/16/15		2,212,492		2,174,906		37,586
Goldman Sachs & Co.	Swiss Franc		2,735,152	Sell	10/16/15		2,820,646		2,807,794		12,852
The Royal Bank of Canada	British Pound		1,437,824	Sell	10/16/15		2,212,912		2,174,923		37,989
The Royal Bank of Canada	Canadian Dollar		3,177,837	Sell	10/16/15		2,398,476		2,381,119		17,357
The Royal Bank of Canada	EU Euro		3,061,336	Sell	10/16/15		3,464,483		3,421,486		42,997
The Royal Bank of Canada	Swiss Franc		2,735,153	Sell	10/16/15		2,821,258		2,807,796		13,462
										$	488,039

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

The fair value of derivative instruments as of September 30, 2015 was as follows:

Derivatives not accounted for as hedging instruments

Asset Derivatives	Instrument Type	Fair Value
Foreign exchange contracts	Forward foreign currency contracts	$	488,039
Total Asset Derivatives		$	488,039
Liability Derivatives	Instrument Type
Foreign exchange contracts	Forward foreign currency contracts	$	3,776
Total Liability Derivatives		$	3,776

The following is a summary by counterparty of the fair value of OTC derivative instruments subject to Master Netting Agreements and collateral pledged (received), if any, at September 30, 2015:

	Barclays Bank PLC		CIBC World Markets		Deutsche Bank AG		Goldman Sachs & Co.		Royal Bank of Canada		Totals
Assets:
Forward foreign currency contracts	$	43,205	$	111,774	$	110,948	$	110,307	$	111,805	$	488,039
Total Assets	$	43,205	$	111,774	$	110,948	$	110,307	$	111,805	$	488,039
Liabilities:
Forward foreign currency contracts	$	-	$	-	$	3,776	$	-	$	-	$	3,776
Total Liabilities	$	-	$	-	$	3,776	$	-	$	-	$	3,776
Net OTC derivative instruments by counterparty, at fair value	$	43,205	$	111,774	$	107,172	$	110,307	$	111,805	$	484,263
Total collateral pledged by the Portfolio/(Received from counterparty)	$	-	$	-	$	-	$	-	$	-	$	-
Net Exposure(1)	$	43,205	$	111,774	$	107,172	$	110,307	$	111,805	$	484,263

⁽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 September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 62.9%
			Consumer Discretionary: 5.8%
	462,544	@	Carnival Corp.	$	22,988,437		1.3
	68,361		CBS Corp. - Class B		2,727,604		0.2
	295,675		Comcast Corp. – Class A		16,817,994		0.9
	323,638		General Motors Co.		9,715,613		0.5
	305,800		Target Corp.		24,054,228		1.3
	254,072	@	Thomson Reuters Corp.		10,212,381		0.6
	64,555		Time Warner Cable, Inc.		11,579,230		0.6
	59,803		Time Warner, Inc.		4,111,456		0.2
	101,833		Viacom, Inc. Class B		4,394,094		0.2
					106,601,037		5.8
			Consumer Staples: 5.0%
	343,292		Archer-Daniels-Midland Co.		14,229,454		0.8
	374,229		Mondelez International, Inc.		15,668,968		0.9
	203,558		Philip Morris International, Inc.		16,148,256		0.9
	205,963		Procter & Gamble Co.		14,816,978		0.8
	241,525		Sysco Corp.		9,412,229		0.5
	312,922		Wal-Mart Stores, Inc.		20,289,863		1.1
					90,565,748		5.0
			Energy: 6.2%
	113,384		Anadarko Petroleum Corp.		6,847,260		0.4
	391,655		Apache Corp.		15,337,210		0.8
	256,795		Baker Hughes, Inc.		13,363,612		0.7
	474,390	@	Canadian Natural Resources Ltd.		9,238,963		0.5
	141,714		Exxon Mobil Corp.		10,536,436		0.6
	179,695		Occidental Petroleum Corp.		11,886,824		0.7
	976,687		Royal Dutch Shell PLC - Class A		23,056,618		1.3
	308,462	L	Total S.A.		13,875,581		0.7
	1,052,032	@	Weatherford International PLC		8,921,231		0.5
					113,063,735		6.2
			Financials: 19.5%
	140,000	@	Aon PLC		12,405,400		0.7
	2,113,144		Bank of America Corp.		32,922,784		1.8
	289,459		BB&T Corp.		10,304,740		0.6
	460,906		Charles Schwab Corp.		13,163,475		0.7
	1,099,785		Citigroup, Inc.		54,560,334		3.0
	752,923		Citizens Financial Group, Inc.		17,964,743		1.0
	92,557		CME Group, Inc.		8,583,736		0.5
	275,085		Comerica, Inc.		11,305,993		0.6
	678,837		Fifth Third Bancorp		12,836,808		0.7
	561,185		First Horizon National Corp.		7,957,603		0.4
	74,381		Goldman Sachs Group, Inc.		12,924,443		0.7
	891,114		JPMorgan Chase & Co.		54,331,221		3.0
	246,832		Marsh & McLennan Cos., Inc.		12,889,567		0.7
	920,395		Morgan Stanley		28,992,442		1.6
	192,921		Northern Trust Corp.		13,149,495		0.7
	254,034		PNC Financial Services Group, Inc.		22,659,833		1.2
	258,131		State Street Corp.		17,348,985		1.0
	252,517	@	Willis Group Holdings PLC		10,345,621		0.6
					354,647,223		19.5
			Health Care: 9.0%
	76,496		Amgen, Inc.		10,580,927		0.6
	80,762		Anthem, Inc.		11,306,680		0.6
	171,417		Baxalta, Inc.		5,401,350		0.3
	272,110		Baxter International, Inc.		8,938,814		0.5
	170,993		Eli Lilly & Co.		14,310,404		0.8
	120,384		Express Scripts Holding Co.		9,746,289		0.5
	224,129		Medtronic PLC		15,003,195		0.8
	415,682		Merck & Co., Inc.		20,530,534		1.1
	198,691		Novartis AG		18,262,065		1.0
	427,156		Pfizer, Inc.		13,416,970		0.8
	141,125		Sanofi		13,435,185		0.7
	259,551	@	Teva Pharmaceutical Industries Ltd. ADR		14,654,249		0.8
	76,806		UnitedHealth Group, Inc.		8,910,264		0.5
					164,496,926		9.0
			Industrials: 5.3%
	125,678		Caterpillar, Inc.		8,214,314		0.5
	429,615		CSX Corp.		11,556,644		0.6
	113,559		General Dynamics Corp.		15,665,464		0.9
	1,486,491		General Electric Co.		37,489,303		2.1
	197,655	@	Ingersoll-Rand PLC - Class A		10,034,944		0.5
	384,415	@	Tyco International Plc		12,862,526		0.7
					95,823,195		5.3
			Information Technology: 9.1%
	132,439		Adobe Systems, Inc.		10,889,135		0.6
	294,650	@	Amdocs Ltd.		16,759,692		0.9
	710,417		Applied Materials, Inc.		10,436,026		0.6
	725,101		Cisco Systems, Inc.		19,033,901		1.0
	150,998		Citrix Systems, Inc.		10,461,141		0.6
	591,611		Corning, Inc.		10,128,380		0.6
	469,124		eBay, Inc.		11,465,391		0.6
	483,382		Intel Corp.		14,569,134		0.8
	524,770		Juniper Networks, Inc.		13,491,837		0.7
	313,398		Microsoft Corp.		13,870,995		0.8
	315,212		NetApp, Inc.		9,330,275		0.5
	375,129	@	PayPal Holdings, Inc.		11,644,004		0.6
	704,785		Symantec Corp.		13,722,164		0.8
					165,802,075		9.1
			Materials: 0.4%
	230,662		Mosaic Co.		7,175,895		0.4
			Telecommunication Services: 1.8%
	210,046		Orange SA		3,184,159		0.2
	939,633		Koninklijke KPN NV		3,524,029		0.2
	1,962,335	L	Telecom Italia S.p.A. - TIT		2,418,248		0.1
	187,020		Telefonica S.A.		2,268,936		0.1
	213,237		Verizon Communications, Inc.		9,277,942		0.5

VY® Invesco Equity and Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Telecommunication Services: (continued)
	376,568	@	Vodafone Group PLC ADR	$	11,952,268		0.7
					32,625,582		1.8
			Utilities: 0.8%
	214,962		FirstEnergy Corp.		6,730,460		0.4
	156,306		Pacific Gas & Electric Co.		8,252,957		0.4
					14,983,417		0.8
		Total Common Stock
		(Cost $1,188,953,398)			1,145,784,833		62.9
PREFERRED STOCK: 1.0%
			Energy: 0.4%
	140,612	P	El Paso Energy Capital Trust I		6,889,988		0.4
			Financials: 0.6%
	68,900		AMG Capital Trust II		3,884,238		0.2
	56,155		Keycorp		7,300,150		0.4
	4,467	P	State Street Corp.		115,963		0.0
	4,000	P	Wells Fargo & Co.		102,000		0.0
					11,402,351		0.6
		Total Preferred Stock
		(Cost $16,606,816)			18,292,339		1.0

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: 20.2%
			Basic Materials: 0.3%
	80,000		ArcelorMittal, 7.500%, 03/01/41		64,800		0.0
	460,000		ArcelorMittal, 10.600%, 06/01/19		498,525		0.0
	1,320,000		Eastman Chemical Co., 2.700%, 01/15/20		1,320,210		0.1
	195,000		International Paper Co., 6.000%, 11/15/41		210,754		0.0
	315,000		Monsanto Co., 2.125%, 07/15/19		316,487		0.0
	215,000		Monsanto Co., 3.375%, 07/15/24		207,229		0.0
	770,000	#	Montell Finance Co. BV, 8.100%, 03/15/27		996,929		0.1
	150,000		Rio Tinto Finance USA Ltd., 7.125%, 07/15/28		186,836		0.0
	335,000		Rio Tinto Finance USA Ltd., 9.000%, 05/01/19		410,167		0.0
	835,000		Sunoco Logistics Partner, 5.300%, 04/01/44		677,912		0.1
	550,000		Sunoco Logistics Partner, 5.500%, 02/15/30		598,441		0.0
	320,000	#	Xstrata Finance Canada Ltd., 2.050%, 10/23/15		319,684		0.0
					5,807,974		0.3
			Communications: 2.5%
	2,045,000		Amazon.com, Inc., 0.650%, 11/27/15		2,045,736		0.1
	225,000		America Movil S.A.B de CV, 2.375%, 09/08/16		227,513		0.0
	455,000		America Movil S.A.B de CV, 4.375%, 07/16/42		408,367		0.0
	466,000		AT&T, Inc., 3.400%, 05/15/25		445,885		0.0
	837,000		AT&T, Inc., 3.000%, 06/30/22		817,912		0.1
	747,000		AT&T, Inc., 4.500%, 05/15/35		687,198		0.0
	101,000		AT&T, Inc., 5.350%, 09/01/40		100,162		0.0
	270,000		AT&T, Inc., 6.150%, 09/15/34		290,388		0.0
	365,000		British Telecommunications PLC, 1.250%, 02/14/17		364,651		0.0
	1,635,000	#	CCO Safari II LLC, 4.464%, 07/23/22		1,636,864		0.1
	2,421,000	L	Ciena Corp., 4.000%, 12/15/20		3,177,563		0.2
	1,115,000		Comcast Corp., 4.400%, 08/15/35		1,124,851		0.1
	1,019,000		Comcast Corp., 5.700%, 05/15/18		1,128,030		0.1
	135,000		Comcast Corp., 6.450%, 03/15/37		171,255		0.0
	340,000	#	Cox Communications, Inc., 4.700%, 12/15/42		290,144		0.0
	1,210,000	#	Cox Communications, Inc., 8.375%, 03/01/39		1,471,862		0.1
	822,000	#	Crown Castle Towers, LLC, 4.883%, 08/15/20		890,540		0.1
	435,000	#	Crown Castle Towers, LLC, 6.113%, 01/15/40		491,468		0.0
	505,000		DIRECTV Holdings LLC / DIRECTV Financing Co., Inc., 3.800%, 03/15/22		509,165		0.0
	2,960,000		DIRECTV Holdings LLC / DIRECTV Financing Co., Inc., 5.150%, 03/15/42		2,792,654		0.2
	1,576,000	#	FireEye, Inc., 1.000%, 06/01/35		1,429,235		0.1
	1,576,000	#	FireEye, Inc., 1.625%, 06/01/35		1,401,655		0.1
	285,000		Interpublic Group of Cos., Inc., 2.250%, 11/15/17		285,846		0.0
	4,912,000		JDS Uniphase Corp., 0.625%, 08/15/33		4,608,070		0.3
	2,419,000		Liberty Interactive LLC, 0.750%, 03/30/43		3,628,500		0.2
	9,559,000		Liberty Media Corp., 1.375%, 10/15/23		9,087,024		0.5
	125,000		NBCUniversal Media, LLC, 5.150%, 04/30/20		141,193		0.0
	210,000		NBCUniversal Media, LLC, 5.950%, 04/01/41		251,365		0.0
	415,000		Rogers Communications, Inc., 4.500%, 03/15/43		392,877		0.0

VY® Invesco Equity and Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Communications: (continued)
	370,000		Telefonica Emisones SAU, 7.045%, 06/20/36	$	435,357		0.0
	535,000		Verizon Communications, Inc., 4.400%, 11/01/34		499,594		0.0
	1,058,000		Verizon Communications, Inc., 4.522%, 09/15/48		934,047		0.1
	467,000		Verizon Communications, Inc., 5.012%, 08/21/54		428,874		0.0
	745,000		Verizon Communications, Inc., 5.150%, 09/15/23		823,251		0.1
	280,000		Verizon Communications, Inc., 6.400%, 02/15/38		322,795		0.0
	95,000		Verizon Communications, Inc., 6.400%, 09/15/33		109,208		0.0
	559,000		Viacom, Inc., 4.850%, 12/15/34		484,583		0.0
					44,335,682		2.5
			Consumer, Cyclical: 1.2%
	450,000		Advance Auto Parts, Inc., 4.500%, 12/01/23		470,425		0.0
	387,000		Advance Auto Parts, Inc., 5.750%, 05/01/20		432,520		0.0
	732,872		American Airlines 2014-1 Class A Pass Through Trust, 3.700%, 10/01/26		729,208		0.1
	315,000		Cintas Corp. No 2, 2.850%, 06/01/16		318,519		0.0
	375,562		Continental Airlines 2009-1 Pass Through Trust, 9.000%, 01/08/18		395,095		0.0
	226,580		Continental Airlines 2010-1 Class A Pass Through Trust, 4.750%, 07/15/22		238,192		0.0
	360,625		Continental Airlines 2012-1 Class A Pass Thru Trusts, 4.150%, 04/11/24		370,091		0.0
	634,625		CVS Pass-Through Trust, 6.036%, 12/10/28		718,260		0.1
	620,000		CVS Caremark Corp., 3.375%, 08/12/24		624,383		0.0
	149,016		Delta Air Lines 2010-1 Class A Pass Through Trust, 6.200%, 01/02/20		161,124		0.0
	595,000		Dollar General Corp., 3.250%, 04/15/23		568,135		0.0
	1,056,000		Ford Motor Credit Co. LLC, 4.134%, 08/04/25		1,053,767		0.1
	2,040,000		Ford Motor Credit Co. LLC, 2.500%, 01/15/16		2,049,725		0.1
	2,035,000		Iconix Brand Group, Inc., 1.500%, 03/15/18		1,622,913		0.1
	1,526,000		Iconix Brand Group, Inc., 2.500%, 06/01/16		1,442,070		0.1
	725,000		MDC Holdings, Inc., 6.000%, 01/15/43		590,875		0.0
	1,460,000		QVC, Inc., 5.450%, 08/15/34		1,308,710		0.1
	594,000		Ross Stores, Inc., 3.375%, 09/15/24		591,512		0.0
	645,000		Target Corp., 2.900%, 01/15/22		658,904		0.0
	2,190,000		Target Corp., 5.875%, 07/15/16		2,277,639		0.1
	885,000		United Airlines 2014-2 Class A Pass Through Trust, 3.750%, 03/03/28		888,319		0.1
	1,456,572	#	Virgin Australia 2013-1A Trust, 5.000%, 04/23/25		1,516,655		0.1
	1,000,000		Walgreens Boots Alliance, Inc., 3.300%, 11/18/21		1,014,635		0.1
	737,000		Walgreens Boots Alliance, Inc., 4.500%, 11/18/34		699,174		0.1
	375,000		Wal-Mart Stores, Inc., 3.300%, 04/22/24		388,364		0.0
	50,000		Wal-Mart Stores, Inc., 6.500%, 08/15/37		65,805		0.0
	135,000		Wyndham Worldwide Corp., 2.950%, 03/01/17		136,689		0.0
					21,331,708		1.2
			Consumer, Non-cyclical: 4.6%
	3,150,000		AbbVie, Inc., 1.200%, 11/06/15		3,151,411		0.2
	1,137,000		AbbVie, Inc., 4.500%, 05/14/35		1,084,506		0.1
	1,455,000		Actavis Funding SCS, 1.850%, 03/01/17		1,458,859		0.1
	433,000		Actavis Funding SCS, 4.550%, 03/15/35		399,819		0.0
	985,000		Actavis Funding SCS, 4.850%, 06/15/44		901,578		0.1
	610,000		Aetna, Inc., 3.950%, 09/01/20		650,899		0.0
	1,430,000		Allergan, Inc., 5.750%, 04/01/16		1,460,957		0.1
	1,130,000		Amgen, Inc., 2.300%, 06/15/16		1,140,569		0.1
	1,285,000		Anheuser-Busch InBev Worldwide, Inc., 2.875%, 02/15/16		1,295,765		0.1
	1,097,000	#	BAT International Finance PLC, 3.950%, 06/15/25		1,143,765		0.1
	981,000	#	Bayer US Finance LLC, 3.000%, 10/08/21		997,299		0.1
	507,000		Becton Dickinson and Co., 2.675%, 12/15/19		513,511		0.0
	715,000		Becton Dickinson and Co., 3.875%, 05/15/24		738,010		0.0
	435,000		Becton Dickinson and Co., 4.875%, 05/15/44		450,310		0.0
	3,611,000		BioMarin Pharmaceutical, Inc., 1.500%, 10/15/20		4,870,336		0.3
	4,224,000		Brookdale Senior Living, Inc., 2.750%, 06/15/18		4,506,480		0.3

VY® Invesco Equity and Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Consumer, Non-cyclical: (continued)
	1,445,000		Celgene Corp., 4.625%, 05/15/44	$	1,377,079		0.1
	325,000		Celgene Corp., 4.000%, 08/15/23		334,859		0.0
	260,000		Celgene Corp., 5.000%, 08/15/45		259,037		0.0
	750,000		Coca-Cola Co., 1.800%, 09/01/16		758,255		0.0
	240,000		Corn Products International, Inc., 6.625%, 04/15/37		290,155		0.0
	493,000		Edwards Lifesciences Corp., 2.875%, 10/15/18		503,568		0.0
	965,000	#	ERAC USA Finance LLC, 2.350%, 10/15/19		966,115		0.1
	420,000		Express Scripts Holding Co., 2.250%, 06/15/19		419,271		0.0
	2,285,000		Express Scripts, Inc., 3.125%, 05/15/16		2,311,353		0.1
	1,400,000		General Mills, Inc., 0.875%, 01/29/16		1,401,362		0.1
	1,400,000		General Mills, Inc., 2.200%, 10/21/19		1,414,757		0.1
	755,000		Gilead Sciences, Inc., 4.400%, 12/01/21		818,859		0.0
	80,000		GlaxoSmithKline Capital, Inc., 6.375%, 05/15/38		101,828		0.0
	785,000	#	Grupo Bimbo SAB de CV, 3.875%, 06/27/24		762,423		0.0
	4,573,000		HealthSouth Corp., 2.000%, 12/01/43		5,190,355		0.3
	1,644,000	#	HJ Heinz Co., 1.600%, 06/30/17		1,647,232		0.1
	1,102,000	#	Imperial Tobacco Finance PLC, 3.750%, 07/21/22		1,114,189		0.1
	2,410,000	L	Jazz Investments I Ltd., 1.875%, 08/15/21		2,461,213		0.1
	963,000		Laboratory Corp. of America Holdings, 3.200%, 02/01/22		947,712		0.1
	423,000		Laboratory Corp. of America Holdings, 4.700%, 02/01/45		385,574		0.0
	1,768,000		Live Nation Entertainment, Inc., 2.500%, 05/15/19		1,850,875		0.1
	730,000		McKesson Corp., 2.284%, 03/15/19		732,200		0.0
	1,733,000		Medtronic, Inc., 3.150%, 03/15/22		1,759,496		0.1
	615,000		Medtronic, Inc., 4.375%, 03/15/35		623,223		0.0
	390,000		Medtronic, Inc., 4.000%, 04/01/43		365,818		0.0
	2,940,000		Merck & Co., Inc., 0.700%, 05/18/16		2,944,783		0.2
	1,820,000		Mondelez International, Inc., 4.125%, 02/09/16		1,840,258		0.1
	630,000		Moody's Corp., 4.500%, 09/01/22		664,918		0.0
	639,000		Moodys Corp., 4.875%, 02/15/24		676,912		0.0
	2,201,000		NuVasive, Inc., 2.750%, 07/01/17		2,785,641		0.2
	3,840,000		PepsiCo, Inc., 2.500%, 05/10/16		3,885,746		0.2
	275,000		Perrigo Co. PLC, 2.300%, 11/08/18		272,243		0.0
	328,000		Philip Morris International, Inc., 1.250%, 08/11/17		328,964		0.0
	1,635,000		Philip Morris International, Inc., 2.500%, 05/16/16		1,652,996		0.1
	275,000		Philip Morris International, Inc., 3.600%, 11/15/23		285,426		0.0
	820,000		Philip Morris International, Inc., 4.875%, 11/15/43		870,736		0.1
	4,315,000		Sanofi, 2.625%, 03/29/16		4,359,893		0.2
	333,000		Sysco Corp., 4.850%, 10/01/45		340,468		0.0
	825,000		Tupperware Brands Corp., 4.750%, 06/01/21		864,181		0.1
	354,000		Tyson Foods, Inc., 4.875%, 08/15/34		362,017		0.0
	365,000		Tyson Foods, Inc., 5.150%, 08/15/44		384,586		0.0
	1,965,000		Unilever Capital Corp., 2.750%, 02/10/16		1,980,736		0.1
	145,000		Ventas Realty L.P., 5.700%, 09/30/43		161,128		0.0
	795,000		Verisk Analytics, Inc., 5.500%, 06/15/45		784,565		0.0
	3,018,000	#	Wright Medical Group, Inc., 2.000%, 02/15/20		2,885,963		0.2
	2,000,000		Zoetis, Inc., 1.150%, 02/01/16		2,001,516		0.1
	79,000		Zoetis, Inc., 4.700%, 02/01/43		71,080		0.0
					83,965,638		4.6
			Energy: 1.6%
	2,284,000		Chevron Corp., 1.365%, 03/02/18		2,286,629		0.1
	360,000		Chevron Corp., 1.718%, 06/24/18		362,958		0.0
	2,947,000		Cobalt International Energy, Inc., 2.625%, 12/01/19		2,099,737		0.1
	1,425,000		ConocoPhillips Co., 2.875%, 11/15/21		1,420,201		0.1
	1,528,000		ConocoPhillips Co., 4.150%, 11/15/34		1,453,990		0.1
	715,000		Devon Energy Corp., 2.250%, 12/15/18		716,926		0.1
	291,000		Devon Energy Corp., 3.250%, 05/15/22		279,480		0.0
	460,000	#	Enable Midstream Partners L.P., 2.400%, 05/15/19		437,358		0.0
	570,000		Energy Transfer Partners L.P., 4.900%, 03/15/35		461,958		0.0

VY® Invesco Equity and Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Energy: (continued)
	3,320,000		Enterprise Products Operating, LLC, 3.200%, 02/01/16	$	3,342,875		0.2
	175,000		Enterprise Products Operating L.P., 5.250%, 01/31/20		192,148		0.0
	300,000		Enterprise Products Operating L.P., 6.500%, 01/31/19		336,736		0.0
	615,000		Enterprise Products Operating LLC, 2.550%, 10/15/19		613,859		0.0
	1,943,000		Helix Energy Solutions Group, Inc., 3.250%, 03/15/32		1,595,689		0.1
	250,000		Husky Energy, Inc., 3.950%, 04/15/22		241,861		0.0
	868,000		Kinder Morgan, Inc./DE, 5.300%, 12/01/34		741,547		0.1
	3,475,000		Marathon Oil Corp., 0.900%, 11/01/15		3,474,301		0.2
	570,000		Noble Energy, Inc., 5.250%, 11/15/43		508,463		0.0
	130,000		Noble Holding International Ltd., 2.500%, 03/15/17		120,937		0.0
	295,000		Plains All American Pipeline L.P. / PAA Finance Corp., 3.650%, 06/01/22		289,360		0.0
	577,000		Rowan Cos, Inc., 5.400%, 12/01/42		343,125		0.0
	28,000		Rowan Cos, Inc., 5.850%, 01/15/44		17,548		0.0
	318,000		Southwestern Energy Co., 4.100%, 03/15/22		288,145		0.0
	165,000		Spectra Energy Capital, LLC, 7.500%, 09/15/38		181,894		0.0
	1,615,000		Spectra Energy Partners L.P., 2.950%, 06/15/16		1,635,858		0.1
	858,000		Spectra Energy Partners L.P., 4.500%, 03/15/45		730,963		0.1
	4,224,000	L	Stone Energy Corp., 1.750%, 03/01/17		3,577,200		0.2
	544,000		Suncor Energy, Inc., 3.600%, 12/01/24		540,605		0.0
	215,000		Texas Eastern Transmission LP, 7.000%, 07/15/32		257,856		0.0
	1,411,000		Williams Partners L.P., 5.100%, 09/15/45		1,083,421		0.1
	125,000		Williams Partners L.P., 5.400%, 03/04/44		100,164		0.0
					29,733,792		1.6
			Financial: 5.5%
	3,445,000		Abbey National Treasury Services PLC/London, 4.000%, 04/27/16		3,507,499		0.2
	1,690,000	#	ABN AMRO Bank NV, 1.375%, 01/22/16		1,693,797		0.1
	1,715,000		Aegon NV, 4.625%, 12/01/15		1,725,746		0.1
	395,000		American International Group, Inc., 2.300%, 07/16/19		398,516		0.0
	1,325,000		Air Lease Corp., 2.625%, 09/04/18		1,324,271		0.1
	1,870,000		Air Lease Corp., 4.250%, 09/15/24		1,837,275		0.1
	543,000		American Express Co., 3.625%, 12/05/24		538,498		0.0
	1,200,000		American Financial Group, Inc./OH, 9.875%, 06/15/19		1,501,303		0.1
	1,140,000		American International Group, Inc., 4.375%, 01/15/55		1,042,936		0.1
	440,000	#	Apollo Management Holdings L.P., 4.000%, 05/30/24		444,250		0.0
	1,475,000		Australia & New Zealand Banking Group Ltd., 0.900%, 02/12/16		1,476,910		0.1
	445,000		Bank of America Corp., 1.250%, 01/11/16		445,695		0.0
	500,000		Bank of America Corp., 5.650%, 05/01/18		545,739		0.0
	400,000		Bank of America Corp., 5.750%, 12/01/17		432,598		0.0
	525,000		Barclays Bank PLC, 6.750%, 05/22/19		610,926		0.0
	1,295,000		BB&T Corp., 3.200%, 03/15/16		1,306,326		0.1
	725,000	#	BBVA Bancomer SA/Texas, 4.375%, 04/10/24		730,438		0.1
	860,000	L	BNP Paribas SA, 4.250%, 10/15/24		855,998		0.1
	1,023,000		Boeing Capital Corp., 2.125%, 08/15/16		1,035,513		0.1
	1,205,000		Brookfield Asset Management, Inc., 4.000%, 01/15/25		1,202,253		0.1
	2,800,000		Capital One Financial Corp., 1.000%, 11/06/15		2,800,734		0.2
	1,930,000		Citigroup, Inc., 4.000%, 08/05/24		1,913,678		0.1
	260,000		Citigroup, Inc., 5.300%, 05/06/44		271,696		0.0
	560,000		Citigroup, Inc., 6.675%, 09/13/43		688,501		0.0
	325,000		CNA Financial Corp., 5.875%, 08/15/20		370,089		0.0
	472,000	#	Credit Suisse AG, 6.500%, 08/08/23		509,465		0.0
	1,540,000	#	Farmers Exchange Capital III, 5.454%, 10/15/54		1,532,312		0.1
	4,196,000		Fifth Third Bancorp., 3.625%, 01/25/16		4,233,286		0.2
	4,011,000	#	Goldman Sachs Group, Inc., 1.000%, 03/15/17		5,103,717		0.3
	4,179,000	#	Goldman Sachs Group, Inc., 1.000%, 09/28/20		4,352,512		0.2
	355,000		Goldman Sachs Group, Inc., 5.250%, 07/27/21		396,243		0.0

VY® Invesco Equity and Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Financial: (continued)
	720,000		Goldman Sachs Group, Inc., 6.150%, 04/01/18	$	793,283		0.1
	465,000	#	HBOS PLC, 6.750%, 05/21/18		513,713		0.0
	840,000		HCP, Inc., 3.875%, 08/15/24		823,656		0.1
	320,000		HCP, Inc., 4.200%, 03/01/24		320,375		0.0
	500,000		HSBC Finance Corp., 5.500%, 01/19/16		506,753		0.0
	4,851,000		Jefferies Group, Inc., 3.875%, 11/01/29		4,948,020		0.3
	515,000		JPMorgan Chase & Co., 4.250%, 10/01/27		514,341		0.0
	665,000		JPMorgan Chase & Co., 5.000%, 12/29/49		647,544		0.0
	1,120,000		JPMorgan Chase & Co., 5.300%, 12/29/49		1,103,200		0.1
	1,825,000		JPMorgan Chase & Co., 6.100%, 10/29/49		1,815,419		0.1
	443,000	#	KKR Group Finance Co. III LLC, 5.125%, 06/01/44		433,085		0.0
	1,830,000		Lazard Group LLC, 3.750%, 02/13/25		1,750,271		0.1
	2,000,000	#	Liberty Mutual Group, Inc., 4.850%, 08/01/44		1,953,212		0.1
	375,000		Lloyds Bank PLC, 2.300%, 11/27/18		379,628		0.0
	510,000	#	Macquarie Bank Ltd., 5.000%, 02/22/17		533,786		0.0
	285,000		Markel Corp., 5.000%, 03/30/43		290,787		0.0
	275,000		Marsh & McLennan Cos, Inc., 4.050%, 10/15/23		290,384		0.0
	1,076,000		MGIC Investment Corp., 2.000%, 04/01/20		1,549,440		0.1
	2,779,000		MGIC Investment Corp., 5.000%, 05/01/17		2,970,056		0.2
	2,360,000	#	Mizuho Financial Group Cayman 3 Ltd., 4.600%, 03/27/24		2,459,776		0.1
	2,975,000		Morgan Stanley, 2.375%, 07/23/19		2,977,100		0.2
	790,000		Morgan Stanley, 3.450%, 11/02/15		791,792		0.1
	1,040,000		Morgan Stanley, 4.000%, 07/23/25		1,064,616		0.1
	560,000		Morgan Stanley, 6.375%, 07/24/42		694,454		0.0
	165,000		National Rural Utilities Cooperative Finance Corp., 3.050%, 02/15/22		166,943		0.0
	1,515,000	#	Nationwide Financial Services, Inc., 5.300%, 11/18/44		1,537,389		0.1
	1,293,000		Old Republic International Corp., 3.750%, 03/15/18		1,499,880		0.1
	400,000		Piedmont Operating Partnership L.P., 4.450%, 03/15/24		408,513		0.0
	2,545,000		PNC Bank NA, 1.300%, 10/03/16		2,552,123		0.1
	275,000		Prudential Financial, Inc., 5.100%, 08/15/43		292,885		0.0
	648,000		Radian Group, Inc., 2.250%, 03/01/19		980,100		0.1
	1,607,000	L	Radian Group, Inc., 3.000%, 11/15/17		2,321,111		0.1
	125,000		Realty Income Corp., 2.000%, 01/31/18		126,074		0.0
	525,000		Reinsurance Group of America, Inc., 4.700%, 09/15/23		566,920		0.0
	460,000		Senior Housing Properties Trust, 4.300%, 01/15/16		460,958		0.0
	1,360,000	#	Societe Generale SA, 2.625%, 09/16/20		1,364,906		0.1
	805,000	#	Societe Generale SA, 5.000%, 01/17/24		815,371		0.1
	440,000	#	Standard Chartered PLC, 5.700%, 03/26/44		426,285		0.0
	1,100,000		Sumitomo Mitsui Banking Corp., 2.650%, 07/23/20		1,112,016		0.1
	3,535,000		Suntrust Bk., 3.600%, 04/15/16		3,579,226		0.2
	445,000		Travelers Cos, Inc./The, 4.600%, 08/01/43		465,702		0.0
	170,000		Ventas Realty L.P. / Ventas Capital Corp., 4.250%, 03/01/22		177,693		0.0
	140,000		Wells Fargo & Co., 1.500%, 01/16/18		140,008		0.0
	965,000		Wells Fargo & Co., 3.550%, 09/29/25		967,384		0.1
	2,285,000		Wells Fargo & Co., 3.900%, 05/01/45		2,111,671		0.1
	470,000		Wells Fargo & Co., 4.100%, 06/03/26		474,978		0.0
	2,000,000		Wells Fargo & Co., 4.650%, 11/04/44		1,969,684		0.1
	350,000		WR Berkley Corp., 4.625%, 03/15/22		372,129		0.0
					99,843,360		5.5
			Industrial: 1.2%
	1,105,000	#	Aviation Capital Group Corp., 2.875%, 09/17/18		1,105,376		0.1
	1,095,000	#	Aviation Capital Group Corp., 4.875%, 10/01/25		1,090,894		0.1
	1,335,000		Burlington Northern Santa Fe LLC, 5.150%, 09/01/43		1,432,887		0.1
	330,000		CSX Corp., 5.500%, 04/15/41		366,428		0.0
	1,015,000		Deere & Co., 2.600%, 06/08/22		997,964		0.1
	1,520,000		Eaton Corp., 0.950%, 11/02/15		1,520,584		0.1
	295,000		FedEx Corp., 4.900%, 01/15/34		308,305		0.0
	605,000		FedEx Corp., 5.100%, 01/15/44		636,552		0.0
	2,740,000		General Electric Co., 0.850%, 10/09/15		2,740,156		0.2

VY® Invesco Equity and Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Industrial: (continued)
	455,000		L-3 Communications Corp., 3.950%, 05/28/24	$	437,139		0.0
	985,000		Lockheed Martin Corp., 2.125%, 09/15/16		996,688		0.1
	304,000		Northrop Grumman Corp., 3.850%, 04/15/45		274,431		0.0
	703,000		Packaging Corp. of America, 4.500%, 11/01/23		735,550		0.1
	510,000	#	Penske Truck Leasing Co. Lp / PTL Finance Corp., 2.500%, 03/15/16		513,171		0.0
	545,000		Pentair Finance SA, 5.000%, 05/15/21		577,977		0.0
	285,000		Precision Castparts Corp., 2.500%, 01/15/23		276,459		0.0
	157,000		Union Pacific Corp., 3.646%, 02/15/24		164,224		0.0
	730,000		Union Pacific Corp., 4.150%, 01/15/45		727,394		0.0
	375,000		Union Pacific Corp., 4.850%, 06/15/44		411,802		0.0
	3,795,000		UTi Worldwide, Inc., 4.500%, 03/01/19		2,817,787		0.2
	550,000		Valmont Industries, Inc., 5.000%, 10/01/44		486,049		0.0
	2,193,000		Valmont Industries, Inc., 5.250%, 10/01/54		1,938,645		0.1
	752,000		Waste Management, Inc., 3.900%, 03/01/35		711,264		0.0
					21,267,726		1.2
			Technology: 3.2%
	1,146,000		Apple, Inc., 2.150%, 02/09/22		1,118,511		0.1
	7,292,000	L	Citrix Systems, Inc., 0.500%, 04/15/19		7,724,962		0.4
	340,000		Computer Sciences Corp., 4.450%, 09/15/22		351,237		0.0
	1,040,000		HP Enterprise Co., 2.479%, 10/05/17		1,039,418		0.1
	2,055,000		HP Enterprise Co., 2.895%, 10/05/18		2,052,370		0.1
	1,025,000		HP Enterprise Co., 6.200%, 10/15/35		1,024,406		0.1
	5,367,000	L	Lam Research Corp., 1.250%, 05/15/18		6,755,711		0.4
	960,000		Lam Research Corp., 3.800%, 03/15/25		930,082		0.0
	2,788,000	#	Microchip Technology, Inc., 1.625%, 02/15/25		2,681,707		0.1
	4,933,000	L	Micron Technology, Inc., 3.000%, 11/15/43		4,171,468		0.2
	649,000		Microsoft Corp., 3.500%, 02/12/35		605,022		0.0
	3,387,000		NetSuite, Inc., 0.250%, 06/01/18		3,422,987		0.2
	6,651,000		NVIDIA Corp., 1.000%, 12/01/18		8,783,477		0.5
	5,271,000	#	ON Semiconductor Corp., 1.000%, 12/01/20		4,931,679		0.3
	1,005,000		Oracle Corp., 4.300%, 07/08/34		1,009,994		0.0
	330,000		Pitney Bowes, Inc., 4.625%, 03/15/24		333,282		0.0
	512,000		Qualcomm, Inc., 3.000%, 05/20/22		505,356		0.0
	8,937,000	L	SanDisk Corp., 0.500%, 10/15/20		8,696,818		0.5
	540,000		Seagate HDD Cayman, 4.750%, 01/01/25		518,138		0.0
	1,146,000	#	Seagate HDD Cayman, 5.750%, 12/01/34		1,105,836		0.1
	1,141,000	L	Xerox Corp., 4.800%, 03/01/35		1,051,080		0.1
					58,813,541		3.2
			Utilities: 0.1%
	1,384,000		Georgia Power Co., 3.000%, 04/15/16		1,400,461		0.1
	355,000		Louisville Gas & Electric Co., 1.625%, 11/15/15		355,403		0.0
	605,000		Oglethorpe Power Corp., 4.550%, 06/01/44		599,856		0.0
					2,355,720		0.1
		Total Corporate Bonds/Notes
		(Cost $371,418,107)			367,455,141		20.2
MUNICIPAL BONDS: 0.0%
			Georgia: 0.0%
	175,000		Municipal Electric Authority of Georgia, 6.637%, 04/01/57		205,109		0.0
	325,000		Municipal Electric Authority of Georgia, 6.655%, 04/01/57		380,653		0.0
		Total Municipal Bonds
		(Cost $503,983)			585,762		0.0
U.S. TREASURY OBLIGATIONS: 10.3%
			U.S. Treasury Bonds: 1.8%
	18,392,200		2.000%, due 08/15/25		18,306,474		1.0
	14,330,600		3.000%, due 05/15/45		14,679,622		0.8
					32,986,096		1.8
			U.S. Treasury Notes: 8.5%
	120,000		0.875%, due 04/30/17		120,614		0.0
	72,298,000		0.625%, due 09/30/17		72,271,611		4.0
	56,220,000		1.000%, due 09/15/18		56,359,088		3.1
	25,632,000		1.375%, due 09/30/20		25,633,666		1.4
	182,000		1.750%, due 09/30/22		181,972		0.0
	180,000		2.625%, due 11/15/20		190,372		0.0
					154,757,323		8.5
		Total U.S. Treasury Obligations
		(Cost $187,427,210)			187,743,419		10.3
FOREIGN GOVERNMENT BONDS: 0.1%
	150,000	#	Electricite de France SA, 4.600%, 01/27/20		165,698		0.0
	620,000	#	Electricite de France SA, 4.875%, 01/22/44		662,137		0.1

VY® Invesco Equity and Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
FOREIGN GOVERNMENT BONDS: (continued)
	640,000	#	Electricite de France SA, 5.625%, 12/29/49	$	634,720		0.0
		Total Foreign Government Bonds
		(Cost $1,383,604)			1,462,555		0.1
U.S. GOVERNMENT AGENCY OBLIGATIONS: 0.3%
			Federal Home Loan Mortgage Corporation: 0.1%##
	2,400,000		4.875%, due 06/13/18		2,652,715		0.1
			Federal National Mortgage Association: 0.2%##
	2,130,000		4.375%, due 10/15/15		2,133,321		0.1
	915,000		6.625%, due 11/15/30		1,323,888		0.1
					3,457,209		0.2
		Total U.S. Government Agency Obligations
		(Cost $5,653,567)			6,109,924		0.3
		Total Long-Term Investments
		(Cost $1,771,946,685)			1,727,433,973		94.8
SHORT-TERM INVESTMENTS: 7.5%
			Securities Lending Collateralcc: 2.4%
	8,548,953		BNP Paribas Bank, Repurchase Agreement dated 09/30/15, 0.11%, due 10/01/15 (Repurchase Amount $8,548,979, collateralized by various U.S. Government Agency Obligations, 0.250%-7.500%, Market Value plus accrued interest $8,719,943, due 08/01/16-10/01/45)		8,548,953		0.5
	10,335,230		Citigroup, Inc., Repurchase Agreement dated 09/30/15, 0.12%, due 10/01/15 (Repurchase Amount $10,335,264, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-7.000%, Market Value plus accrued interest $10,541,935, due 05/15/18-10/01/45)		10,335,230		0.6
	10,335,230		HSBC Securities USA, Repurchase Agreement dated 09/30/15, 0.11%, due 10/01/15 (Repurchase Amount $10,335,261, collateralized by various U.S. Government Agency Obligations, 0.625%-6.500%, Market Value plus accrued interest $10,541,970, due 12/28/16-10/01/45)		10,335,230		0.6
	10,335,230		Royal Bank of Scotland PLC, Repurchase Agreement dated 09/30/15, 0.11%, due 10/01/15 (Repurchase Amount $10,335,261, collateralized by various U.S. Government Securities, 0.073%-3.375%, Market Value plus accrued interest $10,541,973, due 01/31/16-02/28/21)		10,335,230		0.5
	3,962,001		State of Wisconsin Investment Board, Repurchase Agreement dated 09/30/15, 0.17%, due 10/01/15 (Repurchase Amount $3,962,019, collateralized by various U.S. Government Securities, 0.125%-2.500%, Market Value plus accrued interest $4,042,804, due 01/15/17-02/15/42)		3,962,001		0.2
					43,516,644		2.4

Shares				Value			Percentage of Net Assets
			Mutual Funds: 5.1%
	92,896,295		BlackRock Liquidity Funds, TempFund, Institutional Class, 0.110%††
			(Cost $92,896,295)		92,896,295			5.1
		Total Short-Term Investments
		(Cost $136,412,939)			136,412,939			7.5
		Total Investments in Securities (Cost $1,908,359,624)		$	1,863,846,912			102.3
		Liabilities in Excess of Other Assets			(41,040,555	)		(2.3	)
		Net Assets		$	1,822,806,357			100.0

† Unless otherwise indicated, principal amount is shown in USD.

VY® Invesco Equity and Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

††	Rate shown is the 7-day yield as of September 30, 2015.
#	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.
##	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.
@	Non-income producing security.
ADR	American Depositary Receipt
P	Preferred Stock may be called prior to convertible date.
cc	Represents securities purchased with cash collateral received for securities on loan.
L	Loaned security, a portion or all of the security is on loan at September 30, 2015.

Cost for federal income tax purposes is $1,911,586,101.

Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	85,912,764
Gross Unrealized Depreciation		(133,651,953	)
Net Unrealized Depreciation	$	(47,739,189	)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs# (Level 2)			Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Common Stock
Consumer Discretionary	$	106,601,037	$	–		$	–	$	106,601,037
Consumer Staples		90,565,748		–			–		90,565,748
Energy		76,131,536		36,932,199			–		113,063,735
Financials		354,647,223		–			–		354,647,223
Health Care		132,799,676		31,697,250			–		164,496,926
Industrials		95,823,195		–			–		95,823,195
Information Technology		165,802,075		–			–		165,802,075
Materials		7,175,895		–			–		7,175,895
Telecommunication Services		21,230,210		11,395,372			–		32,625,582
Utilities		14,983,417		–			–		14,983,417
Total Common Stock		1,065,760,012		80,024,821			–		1,145,784,833
Preferred Stock		217,963		18,074,376			–		18,292,339
Corporate Bonds/Notes		–		367,455,141			–		367,455,141
Municipal Bonds		–		585,762			–		585,762
Short-Term Investments		92,896,295		43,516,644			–		136,412,939
U.S. Treasury Obligations		–		187,743,419			–		187,743,419
Foreign Government Bonds		–		1,462,555			–		1,462,555
U.S. Government Agency Obligations		–		6,109,924			–		6,109,924
Total Investments, at fair value	$	1,158,874,270	$	704,972,642		$	–	$	1,863,846,912
Other Financial Instruments+
Forward Foreign Currency Contracts		–		2,193,583			–		2,193,583
Total Assets	$	1,158,874,270	$	707,166,225		$	–	$	1,866,040,495
Liabilities Table
Other Financial Instruments+
Forward Foreign Currency Contracts	$	–	$	(141,191	)	$	–	$	(141,191	)
Total Liabilities	$	–	$	(141,191	)	$	–	$	(141,191	)

VY® Invesco Equity and Income Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

+

Other Financial Instruments are derivatives not reflected in the portfolio of investments and may include open forward foreign currency contracts, futures, centrally cleared swaps, OTC swaps and written options. Forward foreign currency contracts, futures and centrally cleared swaps are valued at the unrealized gain (loss) on the instrument.  OTC swaps and written options are valued at the fair value of the instrument.

#

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

At September 30, 2015, the following forward foreign currency contracts were outstanding for VY® Invesco Equity and Income Portfolio:

Counterparty	Currency	Contract Amount		Buy/Sell	Settlement Date	In Exchange For		Fair Value		Unrealized Appreciation (Depreciation)
The Bank of New York	Israeli New Shekel		24,558,280	Sell	10/02/15	$	6,244,080	$	6,260,156	$	(16,076	)
The Bank of New York	Canadian Dollar		9,453,463	Sell	10/02/15		7,099,033		7,083,899		15,134
The Bank of New York	British Pound		9,068,935	Sell	10/02/15		14,106,411		13,718,985		387,426
The Bank of New York	Swiss Franc		7,349,269	Sell	10/02/15		7,769,194		7,540,805		228,389
The Bank of New York	EU Euro		13,261,257	Sell	10/02/15		15,125,193		14,818,206		306,987
The Bank of New York	Israeli New Shekel		21,800,981	Sell	11/06/15		5,549,865		5,559,286		(9,421	)
The Bank of New York	Canadian Dollar		9,511,121	Sell	11/06/15		7,084,845		7,125,832		(40,987	)
The Bank of New York	Swiss Franc		6,616,402	Sell	11/06/15		6,821,103		6,797,092		24,011
The Bank of New York	EU Euro		12,761,605	Sell	11/06/15		14,381,818		14,267,598		114,220
The Bank of New York	British Pound		8,421,268	Sell	11/06/15		12,760,916		12,737,143		23,773
State Street	Israeli New Shekel		24,558,291	Sell	10/02/15		6,240,196		6,260,159		(19,963	)
State Street	Canadian Dollar		9,453,494	Sell	10/02/15		7,097,980		7,083,922		14,058
State Street	British Pound		9,068,914	Sell	10/02/15		14,110,024		13,718,953		391,071
State Street	Swiss Franc		7,349,306	Sell	10/02/15		7,772,438		7,540,844		231,594
State Street	EU Euro		13,261,334	Sell	10/02/15		15,116,064		14,818,292		297,772
State Street	Israeli New Shekel		21,801,026	Sell	11/06/15		5,546,227		5,559,298		(13,071	)
State Street	Canadian Dollar		9,511,172	Sell	11/06/15		7,084,197		7,125,870		(41,673	)
State Street	Swiss Franc		6,616,419	Sell	11/06/15		6,821,051		6,797,110		23,941
State Street	British Pound		8,421,315	Sell	11/06/15		12,763,177		12,737,214		25,963
State Street	EU Euro		12,761,644	Sell	11/06/15		14,376,885		14,267,641		109,244
										$	2,052,392

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

The fair value of derivative instruments as of September 30, 2015 was as follows:

Derivatives not accounted for as hedging instruments

Asset Derivatives	Instrument Type	Fair Value
Foreign exchange contracts	Forward foreign currency contracts	$	2,193,583
Total Asset Derivatives		$	2,193,583
Liability Derivatives	Instrument Type
Foreign exchange contracts	Forward foreign currency contracts	$	141,191
Total Liability Derivatives		$	141,191

The following is a summary by counterparty of the fair value of OTC derivative instruments subject to Master Netting Agreements and collateral pledged (received), if any, at September 30, 2015:

	State Street		The Bank of New York		Totals
Assets:
Forward foreign currency contracts	$	1,093,643	$	1,099,940	$	2,193,583
Total Assets	$	1,093,643	$	1,099,940	$	2,193,583
Liabilities:
Forward foreign currency contracts	$	74,707	$	66,484	$	141,191
Total Liabilities	$	74,707	$	66,484	$	141,191
Net OTC derivative instruments by counterparty, at fair value	$	1,018,936	$	1,033,456	$	2,052,392
Total collateral pledged by the Portfolio/(Received from counterparty)	$	-	$	-	$	-
Net Exposure(1)	$	1,018,936	$	1,033,456	$	2,052,392

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

VY® JPMorgan Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 99.5%
			Consumer Discretionary: 18.3%
	11,490		Autozone, Inc.	$	8,316,807		1.3
	113,310		Bed Bath & Beyond, Inc.		6,460,936		1.0
	216,930		Best Buy Co., Inc.		8,052,442		1.3
	79,779		CBS Corp. - Class B		3,183,182		0.5
	108,110		Dish Network Corp. - Class A		6,307,138		1.0
	77,230		Expedia, Inc.		9,088,426		1.5
	211,640		Gap, Inc.		6,031,740		1.0
	68,680		Genuine Parts Co.		5,692,885		0.9
	138,285		Jarden Corp.		6,759,371		1.1
	184,140		Kohl's Corp.		8,527,523		1.4
	67,476		Marriott International, Inc.		4,601,863		0.7
	58,860		Mohawk Industries, Inc.		10,700,159		1.7
	76,030		Nordstrom, Inc.		5,452,111		0.9
	53,390		PVH Corp.		5,442,577		0.9
	52,239		Starwood Hotels & Resorts Worldwide, Inc.		3,472,849		0.6
	194,960		TEGNA, Inc.		4,365,154		0.7
	84,840		Tiffany & Co.		6,551,345		1.0
	146,650		Time, Inc.		2,793,683		0.4
	41,280		VF Corp.		2,815,709		0.4
					114,615,900		18.3
			Consumer Staples: 6.2%
	45,470		Constellation Brands, Inc.		5,693,299		0.9
	80,880		Dr Pepper Snapple Group, Inc.		6,393,564		1.1
	54,013		Edgewell Personal Care Co.		4,407,461		0.7
	65,763		Energizer Holdings, Inc.		2,545,686		0.4
	62,040		Hershey Co.		5,700,235		0.9
	245,120		Kroger Co.		8,841,478		1.4
	829,830		Rite Aid Corp.		5,037,068		0.8
					38,618,791		6.2
			Energy: 3.5%
	330,140		Columbia Pipeline Group, Inc.		6,038,261		1.0
	137,310		EQT Corp.		8,893,569		1.4
	105,650		PBF Energy, Inc.		2,982,499		0.5
	299,550		Southwestern Energy Co.		3,801,289		0.6
					21,715,618		3.5
			Financials: 31.8%
	9,153		Alleghany Corp.		4,284,611		0.7
	219,200		Ally Financial, Inc.		4,467,296		0.7
	111,190		American Campus Communities, Inc.		4,029,526		0.6
	108,260		American Homes 4 Rent		1,740,821		0.3
	72,590		Ameriprise Financial, Inc.		7,921,747		1.3
	43,220		AvalonBay Communities, Inc.		7,555,720		1.2
	34,620		Boston Properties, Inc.		4,099,008		0.7
	224,930		Brixmor Property Group, Inc.		5,281,356		0.8
	51,840		Chubb Corp.		6,358,176		1.0
	207,740		Citizens Financial Group, Inc.		4,956,676		0.8
	58,080		City National Corp.		5,114,525		0.8
	494,320		Fifth Third Bancorp		9,347,591		1.5
	86,230		First Republic Bank/San Francisco CA		5,412,657		0.9
	218,740		General Growth Properties, Inc.		5,680,678		0.9
	175,240		Hartford Financial Services Group, Inc.		8,022,487		1.3
	85,330		HCP, Inc.		3,178,542		0.5
	275,160		Hudson City Bancorp., Inc.		2,798,377		0.5
	220,290		Huntington Bancshares, Inc.		2,335,074		0.4
	172,650		Invesco Ltd.		5,391,859		0.9
	287,150		Kimco Realty Corp.		7,015,074		1.1
	76,860		Legg Mason, Inc.		3,198,145		0.5
	266,930		Loews Corp.		9,646,850		1.5
	73,421	L	M&T Bank Corp.		8,953,691		1.4
	158,880		Marsh & McLennan Cos., Inc.		8,296,714		1.3
	62,060		Northern Trust Corp.		4,230,010		0.7
	127,830		Old Republic International Corp.		1,999,261		0.3
	138,302		Outfront Media, Inc.		2,876,682		0.5
	88,080		Progressive Corp.		2,698,771		0.4
	160,460		Rayonier, Inc.		3,541,352		0.6
	64,980		Regency Centers Corp.		4,038,507		0.7
	220,540		SunTrust Bank		8,433,450		1.4
	101,300		T. Rowe Price Group, Inc.		7,040,350		1.1
	177,890		Unum Group		5,706,711		0.9
	72,776		Vornado Realty Trust		6,580,406		1.1
	168,930		Weyerhaeuser Co.		4,618,546		0.7
	49,270		WR Berkley Corp.		2,678,810		0.4
	190,830	@	XL Group Plc		6,930,946		1.1
	69,220		Zions Bancorp.		1,906,319		0.3
					198,367,322		31.8
			Health Care: 5.5%
	74,950		AmerisourceBergen Corp.		7,119,501		1.1
	155,180		Brookdale Senior Living, Inc.		3,562,933		0.6
	57,570		Cigna Corp.		7,773,101		1.2
	31,120		Henry Schein, Inc.		4,130,246		0.7
	46,780		Humana, Inc.		8,373,620		1.3
	27,310		Universal Health Services, Inc.		3,408,561		0.6
					34,367,962		5.5
			Industrials: 8.9%
	110,880		Ametek, Inc.		5,801,242		0.9
	80,130		Carlisle Cos., Inc.		7,001,759		1.1
	67,810		Equifax, Inc.		6,589,776		1.1
	109,850		Fortune Brands Home & Security, Inc.		5,214,579		0.8
	73,130		Hubbell, Inc.		6,212,394		1.0
	93,440		IDEX Corp.		6,662,272		1.1

VY® JPMorgan Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Industrials: (continued)
	104,390		MSC Industrial Direct Co.	$	6,370,922		1.0
	67,520		Regal-Beloit Corp.		3,811,504		0.6
	147,579	@	Rexnord Corp.		2,505,891		0.4
	37,071		Snap-On, Inc.		5,595,497		0.9
					55,765,836		8.9
			Information Technology: 9.1%
	118,580		Amphenol Corp.		6,042,837		1.0
	106,680		Analog Devices, Inc.		6,017,819		1.0
	179,610		Arrow Electronics, Inc.		9,928,841		1.6
	111,076	@	CommScope Holding Co., Inc.		3,335,612		0.5
	163,106		Jack Henry & Associates, Inc.		11,353,808		1.8
	59,690		KLA-Tencor Corp.		2,984,500		0.5
	208,050		Synopsys, Inc.		9,607,749		1.5
	174,350		Xilinx, Inc.		7,392,440		1.2
					56,663,606		9.1
			Materials: 5.3%
	77,800		Airgas, Inc.		6,949,874		1.1
	69,898		Albemarle Corp.		3,082,502		0.5
	77,750		Ball Corp.		4,836,050		0.8
	18,620		Sherwin-Williams Co.		4,148,163		0.7
	148,045		Silgan Holdings, Inc.		7,704,262		1.2
	124,690		WestRock Co.		6,414,054		1.0
					33,134,905		5.3
			Utilities: 10.9%
	447,510		Centerpoint Energy, Inc.		8,073,080		1.3
	200,000		CMS Energy Corp.		7,064,000		1.1
	95,940		Edison International		6,050,936		1.0
	207,984		Energen Corp.		10,370,082		1.7
	80,730		National Fuel Gas Co.		4,034,885		0.6
	425,650		Questar Corp.		8,261,867		1.3
	40,900		Sempra Energy		3,955,848		0.6
	115,600		WEC Energy Group, Inc.		6,036,632		1.0
	184,520		Westar Energy, Inc.		7,092,949		1.1
	203,990		Xcel Energy, Inc.		7,223,286		1.2
					68,163,565		10.9
		Total Common Stock
		(Cost $521,029,710)			621,413,505		99.5

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 0.7%
		Securities Lending Collateralcc: 0.0%
	12,281	Millenium Fixed Income Ltd., Repurchase Agreement dated 09/30/15, 0.15%, due 10/01/15 (Repurchase Amount $12,281, collateralized by various U.S. Government Securities, 1.500%-3.625%, Market Value plus accrued interest $12,527, due 11/30/19-02/15/44)
		(Cost $12,281)	$	12,281		0.0

Shares				Value			Percentage of Net Assets
			Mutual Funds: 0.7%
	4,569,288		BlackRock Liquidity Funds, TempFund, Institutional Class, 0.110%††
			(Cost $4,569,288)		4,569,288			0.7
		Total Short-Term Investments
		(Cost $4,581,569)			4,581,569			0.7
		Total Investments in Securities (Cost $525,611,279)		$	625,995,074			100.2
		Liabilities in Excess of Other Assets			(1,030,682	)		(0.2	)
		Net Assets		$	624,964,392			100.0

†	Unless otherwise indicated, principal amount is shown in USD.
††	Rate shown is the 7-day yield as of September 30, 2015.
@	Non-income producing security.
cc	Represents securities purchased with cash collateral received for securities on loan.
L	Loaned security, a portion or all of the security is on loan at September 30, 2015.

Cost for federal income tax purposes is $526,952,704.

Net unrealized appreciation consists of:

Gross Unrealized Appreciation	$	134,288,192
Gross Unrealized Depreciation		(35,245,822	)
Net Unrealized Appreciation	$	99,042,370

VY® JPMorgan Mid Cap Value Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Common Stock*	$	621,413,505	$	–	$	–	$	621,413,505
Short-Term Investments		4,569,288		12,281		–		4,581,569
Total Investments, at fair value	$	625,982,793	$	12,281	$	–	$	625,995,074

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

VY® Oppenheimer Global Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 97.0%
			Brazil: 0.9%
	604,900	@	Ambev SA ADR	$	2,964,010		0.2
	431,950	@,L	Embraer SA ADR		11,049,281		0.7
					14,013,291		0.9
			China: 1.4%
	587,091	@	JD.com, Inc. ADR		15,299,591		1.0
	124,550	@,L	Qihoo 360 Technology Co. Ltd. ADR		5,957,227		0.4
					21,256,818		1.4
			Denmark: 0.2%
	104,377	L	FLSmidth & Co. A/S		3,464,206		0.2
			France: 4.8%
	175,188		LVMH Moet Hennessy Louis Vuitton SE		29,824,703		1.9
	113,510		Kering		18,581,040		1.2
	323,640		Societe Generale		14,463,870		1.0
	229,564		Technip S.A.		10,863,863		0.7
					73,733,476		4.8
			Germany: 7.3%
	164,737		Allianz SE		25,879,165		1.7
	187,519		Bayer AG		24,058,519		1.5
	582,430		Deutsche Bank AG		15,718,235		1.0
	87,962		Linde AG		14,287,265		0.9
	399,343		SAP SE		25,871,054		1.7
	80,901		Siemens AG		7,227,489		0.5
					113,041,727		7.3
			India: 3.7%
	10,844,800		DLF Ltd.		22,801,505		1.5
	2,567,830	@	ICICI Bank Ltd. ADR		21,518,415		1.4
	2,099,411		Zee Telefilms Ltd.		12,610,027		0.8
					56,929,947		3.7
			Italy: 1.8%
	4,230,895		Banca Monte dei Paschi di Siena SpA		7,538,990		0.5
	274,390	L	Brunello Cucinelli SpA		4,978,355		0.3
	305,391		Prysmian S.p.A.		6,312,254		0.4
	97,045	L	Tod's S.p.A.		8,502,279		0.6
					27,331,878		1.8
			Japan: 12.0%
	1,349,100		Dai-ichi Life Insurance Co., Ltd.		21,477,463		1.4
	64,100		Fanuc Ltd.		9,861,061		0.6
	968,500		KDDI Corp.		21,678,037		1.4
	48,151		Keyence Corp.		21,503,188		1.4
	382,800		Kyocera Corp.		17,532,229		1.1
	254,000		Murata Manufacturing Co., Ltd.		32,810,332		2.1
	333,700		Nidec Corp.		22,947,208		1.5
	27,100		Nintendo Co., Ltd.		4,567,753		0.3
	1,330,400		Nomura Holdings, Inc.		7,722,128		0.5
	456,500		Sumitomo Mitsui Financial Group, Inc.		17,310,623		1.1
	275,600		Suzuki Motor Corp.		8,474,687		0.6
					185,884,709		12.0
			Mexico: 0.6%
	95,272	@	Fomento Economico Mexicano SAB de CV ADR		8,503,026		0.6
			Netherlands: 2.1%
	547,653		Airbus Group SE		32,432,209		2.1
			Spain: 3.4%
	1,752,657		Banco Bilbao Vizcaya Argentaria S.A.		14,820,254		1.0
	890,781		Industria de Diseno Textil SA		29,869,353		1.9
	691,665		Repsol YPF S.A.		8,067,046		0.5
					52,756,653		3.4
			Sweden: 3.0%
	1,307,803		Assa Abloy AB		23,456,465		1.5
	2,395,422		Telefonaktiebolaget LM Ericsson		23,498,196		1.5
					46,954,661		3.0
			Switzerland: 5.1%
	766,858		Credit Suisse Group AG		18,432,844		1.2
	221,092		Nestle S.A.		16,627,376		1.1
	54,690		Roche Holding AG		14,518,640		0.9
	1,595,338		UBS Group AG		29,494,815		1.9
					79,073,675		5.1
			United Kingdom: 5.6%
	2,784,375	@,L	Circassia Pharmaceuticals Plc		12,341,303		0.8
	4,433,114	L	Earthport PLC		2,685,164		0.2
	484,227	@,L	International Game Technology PLC		7,423,200		0.5
	1,252,136		Prudential PLC		26,415,637		1.7
	149,820		Shire PLC		10,241,956		0.6
	673,255		Unilever PLC		27,421,452		1.8
					86,528,712		5.6
			United States: 45.1%
	149,010		3M Co.		21,125,148		1.4
	291,770	@	Acadia Pharmaceuticals, Inc.		9,648,834		0.6
	378,333		Adobe Systems, Inc.		31,106,539		2.0
	339,920		Aetna, Inc.		37,190,647		2.4
	637,570		Altera Corp.		31,929,506		2.1
	189,030		Anthem, Inc.		26,464,200		1.7
	56,150		Biogen, Inc.		16,385,132		1.1
	124,960	@	BioMarin Pharmaceutical, Inc.		13,160,787		0.9
	91,430	@	Bluebird Bio, Inc.		7,821,837		0.5
	773,190	L	Celldex Therapeutics, Inc.		8,149,423		0.5
	29,480		Cigna Corp.		3,980,390		0.3
	667,790		Citigroup, Inc.		33,129,062		2.1
	108,370	@	Clovis Oncology, Inc.		9,965,705		0.6
	522,290		Colgate-Palmolive Co.		33,144,524		2.1
	629,830		eBay, Inc.		15,393,045		1.0
	225,320		Emerson Electric Co.		9,952,385		0.6
	288,000	@	Facebook, Inc.		25,891,200		1.7
	354,120		FNF Group		12,560,636		0.8
	214,760		Gilead Sciences, Inc.		21,087,284		1.4

VY® Oppenheimer Global Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			United States: (continued)
	132,390		Goldman Sachs Group, Inc.	$	23,004,086		1.5
	46,620		Google, Inc. - Class A		29,760,809		1.9
	48,357		Google, Inc. - Class C		29,421,366		1.9
	3,970		Humana, Inc.		710,630		0.0
	307,330		Intuit, Inc.		27,275,538		1.8
	210,650	@	MacroGenics, Inc.		4,512,123		0.3
	843,120		Maxim Integrated Products		28,160,208		1.8
	87,880		McDonald's Corp.		8,658,816		0.6
	432,970		McGraw-Hill Cos., Inc.		37,451,905		2.4
	131,380		Medivation, Inc.		5,583,650		0.4
	629,830	@	PayPal Holdings, Inc.		19,549,923		1.3
	160,370		St. Jude Medical, Inc.		10,117,743		0.7
	1,410,820	@	SunEdison, Inc.		10,129,688		0.7
	100,411	@,L	Theravance Biopharma, Inc.		1,103,517		0.1
	79,700	L	Theravance, Inc.		572,246		0.0
	242,750		Tiffany & Co.		18,745,155		1.2
	212,860		United Parcel Service, Inc. - Class B		21,007,153		1.4
	62,330		Vertex Pharmaceuticals, Inc.		6,491,046		0.4
	289,010		Walt Disney Co.		29,536,822		1.9
	167,880		Zimmer Biomet Holdings, Inc.		15,768,968		1.0
					695,647,676		45.1
		Total Common Stock
		(Cost $1,006,265,384)			1,497,552,664		97.0
PREFERRED STOCK: 1.6%
			Germany: 1.6%
	352,294		Bayerische Motoren Werke AG		24,229,003		1.6
			India: 0.0%
	50,809,899		Zee Entertainment Enterprises Ltd.		681,181		0.0
		Total Preferred Stock
		(Cost $13,010,930)			24,910,184		1.6
		Total Long-Term Investments
		(Cost $1,019,276,314)			1,522,462,848		98.6

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 3.2%
		Securities Lending Collateralcc: 1.9%
	5,940,643	Citigroup, Inc., Repurchase Agreement dated 09/30/15, 0.12%, due 10/01/15 (Repurchase Amount $5,940,663, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-7.000%, Market Value plus accrued interest $6,059,456, due 05/15/18-10/01/45)	$	5,940,643		0.4
	7,181,826	Daiwa Capital Markets, Repurchase Agreement dated 09/30/15, 0.20%, due 10/01/15 (Repurchase Amount $7,181,865, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-7.500%, Market Value plus accrued interest $7,325,462, due 10/01/15-09/09/49)		7,181,826		0.4
	7,181,826	HSBC Securities USA, Repurchase Agreement dated 09/30/15, 0.11%, due 10/01/15 (Repurchase Amount $7,181,848, collateralized by various U.S. Government Agency Obligations, 0.625%-6.500%, Market Value plus accrued interest $7,325,487, due 12/28/16-10/01/45)		7,181,826		0.5
	7,181,826	Nomura Securities, Repurchase Agreement dated 09/30/15, 0.14%, due 10/01/15 (Repurchase Amount $7,181,854, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-10.500%, Market Value plus accrued interest $7,325,463, due 11/15/15-07/20/65)		7,181,826		0.4

VY® Oppenheimer Global Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: (continued)
		Securities Lending Collateralcc (continued)
	2,753,085	State of Wisconsin Investment Board, Repurchase Agreement dated 09/30/15, 0.17%, due 10/01/15 (Repurchase Amount $2,753,098, collateralized by various U.S. Government Securities, 0.125%-2.500%, Market Value plus accrued interest $2,809,233, due 01/15/17-02/15/42)	$	2,753,085		0.2
				30,239,206		1.9

Shares				Value			Percentage of Net Assets
			Mutual Funds: 1.3%
	19,778,402		BlackRock Liquidity Funds, TempFund, Institutional Class, 0.110%††
			(Cost $19,778,402)		19,778,402			1.3
		Total Short-Term Investments
		(Cost $50,017,608)			50,017,608			3.2
		Total Investments in Securities (Cost $1,069,293,922)		$	1,572,480,456			101.8
		Liabilities in Excess of Other Assets			(28,328,516	)		(1.8	)
		Net Assets		$	1,544,151,940			100.0

†	Unless otherwise indicated, principal amount is shown in USD.
††	Rate shown is the 7-day yield as of September 30, 2015.
@	Non-income producing security.
ADR	American Depositary Receipt
cc	Represents securities purchased with cash collateral received for securities on loan.
L	Loaned security, a portion or all of the security is on loan at September 30, 2015.

Cost for federal income tax purposes is $1,081,615,119.

Net unrealized appreciation consists of:

Gross Unrealized Appreciation	$	558,924,092
Gross Unrealized Depreciation		(68,058,755	)
Net Unrealized Appreciation	$	490,865,337

Sector Diversification	Percentage of Net Assets
Information Technology		24.9	%
Financials		20.3
Health Care		16.7
Consumer Discretionary		16.5
Industrials		10.7
Consumer Staples		5.8
Telecommunication Services		1.4
Energy		1.2
Materials		1.1
Short-Term Investments		3.2
Liabilities in Excess of Other Assets		(1.8	)
Net Assets		100.0	%

VY® Oppenheimer Global Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 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 September 30, 2015
Asset Table
Investments, at fair value
Common Stock
Brazil	$	14,013,291	$	–	$	–	$	14,013,291
China		21,256,818		–		–		21,256,818
Denmark		–		3,464,206		–		3,464,206
France		–		73,733,476		–		73,733,476
Germany		–		113,041,727		–		113,041,727
India		21,518,415		35,411,532		–		56,929,947
Italy		–		27,331,878		–		27,331,878
Japan		–		185,884,709		–		185,884,709
Mexico		8,503,026		–		–		8,503,026
Netherlands		–		32,432,209		–		32,432,209
Spain		–		52,756,653		–		52,756,653
Sweden		–		46,954,661		–		46,954,661
Switzerland		–		79,073,675		–		79,073,675
United Kingdom		19,764,503		66,764,209		–		86,528,712
United States		695,647,676		–		–		695,647,676
Total Common Stock		780,703,729		716,848,935		–		1,497,552,664
Preferred Stock		681,181		24,229,003		–		24,910,184
Short-Term Investments		19,778,402		30,239,206		–		50,017,608
Total Investments, at fair value	$	801,163,312	$	771,317,144	$	–	$	1,572,480,456

(1)

For the period ended September 30, 2015, 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 September 30, 2015, securities valued at $39,594,156 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.

VY® Pioneer High Yield Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: 84.2%
			Basic Materials: 3.0%
	50,000	#	Blue Cube Spinco, Inc., 9.750%, 10/15/23	$	52,250		0.1
	50,000	#	Blue Cube Spinco, Inc., 10.000%, 10/15/25		52,187		0.1
	225,000	#	Cliffs Natural Resources, Inc., 8.250%, 03/31/20		199,125		0.2
	375,000	#	Evolution Escrow Issuer LLC, 7.500%, 03/15/22		238,125		0.2
	195,000		Hexion US Finance Corp. / Hexion Nova Scotia Finance ULC, 8.875%, 02/01/18		155,474		0.1
	219,000		Hexion US Finance Corp. / Hexion Nova Scotia Finance ULC, 9.000%, 11/15/20		132,495		0.1
	60,000		Hexion US Finance Corp., 6.625%, 04/15/20		51,300		0.0
	300,000	#	IAMGOLD Corp., 6.750%, 10/01/20		218,250		0.2
	200,000	#	INEOS Group Holdings SA, 5.875%, 02/15/19		186,750		0.2
	155,000		Millar Western Forest Products Ltd., 8.500%, 04/01/21		113,925		0.1
	80,000	#	Prince Mineral Holding Corp., 11.500%, 12/15/19		67,600		0.1
	410,000		Resolute Forest Products, Inc., 5.875%, 05/15/23		307,500		0.3
	170,000		RPM International, Inc., 2.250%, 12/15/20		190,294		0.2
	410,000		Tronox Finance LLC, 6.375%, 08/15/20		262,400		0.3
	120,000	#	Unifrax I LLC / Unifrax Holding Co., 7.500%, 02/15/19		118,200		0.1
	295,000		United States Steel Corp., 7.500%, 03/15/22		234,525		0.2
	240,000	#	WR Grace & Co-Conn, 5.125%, 10/01/21		237,600		0.2
	135,000	#	WR Grace & Co-Conn, 5.625%, 10/01/24		132,806		0.1
	155,000		Xerium Technologies, Inc., 8.875%, 06/15/18		157,616		0.2
					3,108,422		3.0
			Communications: 11.4%
	200,000	#	Altice Financing SA, 6.625%, 02/15/23		192,500		0.2
	550,000		CCO Holdings LLC / CCO Holdings Capital Corp., 6.500%, 04/30/21		553,781		0.5
	230,000	#	CenturyLink, Inc., 5.625%, 04/01/25		184,862		0.2
	580,000		CenturyLink, Inc., 6.450%, 06/15/21		536,500		0.5
	585,000		Charter Communications Operating LLC, 05/23/16		585,000		0.6
	155,000	#	CommScope Tech Finance LLC, 6.000%, 06/15/25		149,091		0.1
	115,000	#	CommScope, Inc., 5.500%, 06/15/24		110,256		0.1
	120,000	#	CommScope, Inc., 5.000%, 06/15/21		117,750		0.1
	330,000	#	DigitalGlobe, Inc., 5.250%, 02/01/21		311,850		0.3
	400,000		Equinix, Inc., 5.375%, 01/01/22		400,000		0.4
	195,000		Equinix, Inc., 5.375%, 04/01/23		191,704		0.2
	245,000		Finisar Corp., 0.500%, 12/15/33		218,203		0.2
	50,000	#	FireEye, Inc., 1.000%, 06/01/35		45,344		0.0
	50,000	#	FireEye, Inc., 1.625%, 06/01/35		44,469		0.0
	27,000		Frontier Communications Corp., 7.125%, 01/15/23		22,326		0.0
	218,000		Frontier Communications Corp., 8.500%, 04/15/20		212,550		0.2
	555,000		Frontier Communications Corp., 8.750%, 04/15/22		497,019		0.5
	65,000	#	Frontier Communications Corp., 8.875%, 09/15/20		63,862		0.1
	65,000	#	Frontier Communications Corp., 10.500%, 09/15/22		63,375		0.1
	200,000		Intelsat Luxembourg SA, 7.750%, 06/01/21		130,750		0.1
	275,000		Liberty Media Corp., 1.375%, 10/15/23		261,422		0.2
	467,875		McGraw-Hill School Educcation, 6.250%, 12/17/19		469,337		0.4
	270,000	#	MDC Partners, Inc., 6.750%, 04/01/20		267,638		0.3
	1,445,000		Millicom International Cellular S.A. Escrow		–		–
	85,000	#	MPL 2 Acquisition Canco, Inc., 9.875%, 08/15/18		88,188		0.1
	125,000		NeuStar, Inc., 4.500%, 01/15/23		106,563		0.1
	200,000	#	Numericable Group SA, 6.000%, 05/15/22		193,250		0.2
	130,000	#	Plantronics, Inc., 5.500%, 05/31/23		130,650		0.1
	350,000		Quebecor Media, Inc., 5.750%, 01/15/23		346,063		0.3
	480,000		Shutterfly, Inc., 0.250%, 05/15/18		447,300		0.4
	170,000	#	Sirius XM Radio, Inc., 4.625%, 05/15/23		159,588		0.2
	1,670,000		Sprint Corp., 7.250%, 09/15/21		1,371,488		1.3
	245,000	#	Taylor Morrison Communities, Inc. / Monarch Communities, Inc., 5.625%, 03/01/24		236,425		0.2

VY® Pioneer High Yield Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Communications: (continued)
	425,000		TEGNA, Inc., 6.375%, 10/15/23	$	447,312		0.4
	70,000		T-Mobile USA, Inc., 6.500%, 01/15/24		68,031		0.1
	100,000		T-Mobile USA, Inc., 6.633%, 04/28/21		100,500		0.1
	155,000	#	Twitter, Inc., 0.250%, 09/15/19		136,303		0.1
	58,446		Univision Communications, Inc., 4.000%, 03/01/20		58,080		0.1
	160,000	#	Univision Communications, Inc., 5.125%, 02/15/25		150,400		0.1
	269,328		Virgin Media Investment Holding Ltd., 3.500%, 06/30/23		265,866		0.3
	315,000		WebMD Health Corp., 1.500%, 12/01/20		323,663		0.3
	600,000		WebMD Health Corp., 2.500%, 01/31/18		606,750		0.6
	279,348		West Corp., 3.250%, 06/30/18		276,664		0.3
	375,000		Windstream Corp., 6.375%, 08/01/23		271,631		0.3
	360,000		Windstream Corp., 7.500%, 06/01/22		273,150		0.3
	200,000		Windstream Corp., 7.750%, 10/15/20		170,750		0.2
					11,858,204		11.4
			Consumer, Cyclical: 11.7%
	245,000		Allegion US Holding Co., Inc., 5.750%, 10/01/21		252,350		0.2
	335,000		Asbury Automotive Group, Inc., 6.000%, 12/15/24		348,400		0.3
	45,000	#	Brookfield Residential Properties, Inc., 6.375%, 05/15/25		42,637		0.0
	400,000	#	Brookfield Residential Properties, Inc., 6.500%, 12/15/20		397,000		0.4
	351,500		Camping World, 5.250%, 02/20/20		352,159		0.3
	285,000		DR Horton, Inc., 5.750%, 08/15/23		309,937		0.3
	315,000	#	DriveTime Automotive Group, Inc. / DT Acceptance Corp., 8.000%, 06/01/21		286,650		0.3
	245,000	#	Family Tree Escrow LLC, 5.750%, 03/01/23		255,412		0.3
	173,460		Federal Mogul Corp., 4.750%, 12/27/15		165,438		0.2
	100,000		Ferrellgas L.P. / Ferrellgas Finance Corp., 6.500%, 05/01/21		94,000		0.1
	375,000		Ferrellgas L.P. / Ferrellgas Finance Corp., 6.750%, 01/15/22		350,625		0.3
	345,000		Global Partners L.P. / GLP Finance Corp., 6.250%, 07/15/22		305,325		0.3
	265,000	#	Global Partners L.P. / GLP Finance Corp., 7.000%, 06/15/23		248,437		0.2
	300,000		Group 1 Automotive, Inc., 5.000%, 06/01/22		297,000		0.3
	490,000		Jarden Corp., 1.125%, 03/15/34		562,887		0.5
	406,000	#	JLL/Delta Dutch Newco BV, 7.500%, 02/01/22		411,582		0.4
	650,000		KB Home, 1.375%, 02/01/19		606,938		0.6
	400,000		KB Home, 7.000%, 12/15/21		403,000		0.4
	245,000		KB Home, 7.500%, 09/15/22		250,512		0.2
	102,520		Landrys, Inc., 4.000%, 04/24/18		102,681		0.1
	104,000	#	Lennar Corp., 2.750%, 12/15/20		225,550		0.2
	250,000		Lennar Corp., 4.500%, 06/15/19		254,000		0.3
	465,000		Lennar Corp., 4.750%, 11/15/22		453,747		0.4
	100,000		LKQ Corp., 4.750%, 05/15/23		96,750		0.1
	310,000		MDC Holdings, Inc., 5.500%, 01/15/24		314,650		0.3
	145,000		Meritage Homes Corp., 7.000%, 04/01/22		157,144		0.2
	300,000	#	NCL Corp. Ltd., 5.250%, 11/15/19		307,314		0.3
	200,000	#	Nexteer Automotive Group Ltd., 5.875%, 11/15/21		195,000		0.2
	665,000		Outerwall, Inc., 5.875%, 06/15/21		625,931		0.6
	270,000		Regal Entertainment Group, 5.750%, 02/01/25		256,163		0.3
	150,000		Regal Entertainment Group, 5.750%, 03/15/22		147,938		0.1
	330,000		Ryland Group, Inc., 0.250%, 06/01/19		304,631		0.3
	130,000		Ryland Group, Inc., 5.375%, 10/01/22		131,950		0.1
	150,000		Scientific Games International, Inc., 6.250%, 09/01/20		108,375		0.1
	800,000		Scientific Games International, Inc., 10.000%, 12/01/22		700,000		0.7
	125,000	#	Shea Homes L.P. / Shea Homes Funding Corp., 5.875%, 04/01/23		128,438		0.1
	145,000	#	Stackpole International Intermediate Co. SA / Stackpole International Power Meta, 7.750%, 10/15/21		158,413		0.2
	235,000		CalAtlantic Group, Inc., 1.250%, 08/01/32		273,041		0.3
	428,956		Tower Automotive Holdings  - TL B 1L, 4.000%, 04/17/20		425,202		0.4

VY® Pioneer High Yield Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Consumer, Cyclical: (continued)
	245,000	#	Viking Cruises Ltd., 8.500%, 10/15/22	$	269,500		0.3
	475,000	#	WMG Acquisition Corp., 6.750%, 04/15/22		450,063		0.4
	160,000	#	ZF North America Capital, Inc., 4.750%, 04/29/25		146,800		0.1
					12,173,570		11.7
			Consumer, Non-cyclical: 17.2%
	116,630		AdvancePierre Foods - TL L, 5.750%, 07/10/17		116,866		0.1
	140,000		Alere, Inc., 3.000%, 05/15/16		159,512		0.2
	570,000		Alliance One International, Inc., 9.875%, 07/15/21		489,487		0.5
	210,000		Amsurg Corp., 5.625%, 07/15/22		210,525		0.2
	155,000		Ascent Capital Group, Inc., 4.000%, 07/15/20		112,181		0.1
	69,612		BioScrip, Inc. - TL B DD, 6.500%, 07/31/20		65,435		0.1
	119,732		BioScrip, Inc. - TL B, 6.500%, 07/31/20		112,548		0.1
	225,000		BioScrip, Inc., 8.875%, 02/15/21		174,094		0.2
	115,000		BioMarin Pharmaceutical, Inc., 1.500%, 10/15/20		155,106		0.1
	215,000	#	C&S Group Enterprises LLC, 5.375%, 07/15/22		196,725		0.2
	490,000		Cardtronics, Inc., 1.000%, 12/01/20		456,312		0.4
	120,000		Carriage Services, Inc., 2.750%, 03/15/21		133,725		0.1
	225,000	#	Cenveo Corp., 6.000%, 08/01/19		192,375		0.2
	290,000		Cepheid, 1.250%, 02/01/21		295,437		0.3
	67,000		Chiquita Brands International, Inc. / Chiquita Brands LLC, 7.875%, 02/01/21		71,439		0.1
	70,000		CHS/Community Health Systems, Inc., 6.875%, 02/01/22		71,660		0.1
	870,000		CHS/Community Health Systems, Inc., 8.000%, 11/15/19		907,519		0.9
	375,000	#	Cimpress NV, 7.000%, 04/01/22		363,281		0.4
	225,000		Constellation Brands, Inc., 3.750%, 05/01/21		223,875		0.2
	275,000		Constellation Brands, Inc., 4.250%, 05/01/23		274,656		0.3
	305,000	#	Constellis Holdings LLC / Constellis Finance Corp., 9.750%, 05/15/20		278,694		0.3
	430,000		Del Monte Foods Company, 8.250%, 07/26/21		385,567		0.4
	200,000	#	Dole Food Co., Inc., 7.250%, 05/01/19		200,000		0.2
	32,000		DynCorp International, Inc., 10.375%, 07/01/17		23,040		0.0
	586,000		Emergent Biosolutions, Inc., 2.875%, 01/15/21		666,941		0.6
	140,000	#	Endo Finance LLC, 5.375%, 01/15/23		134,925		0.1
	315,000	#	Endo Finance LLC, 5.750%, 01/15/22		311,062		0.3
	180,000		Endologix, Inc., 2.250%, 12/15/18		160,875		0.2
	250,000	#	FAGE Dairy Industry SA / FAGE USA Dairy Industry, Inc., 9.875%, 02/01/20		261,250		0.3
	350,000		FTI Consulting, Inc., 6.000%, 11/15/22		363,562		0.4
	270,000		H&E Equipment Services, Inc., 7.000%, 09/01/22		263,250		0.3
	250,000	#,&	Igloo Holdings Corp., 8.250%, 12/15/17		252,500		0.2
	120,000	#	Immunomedics, Inc., 4.750%, 02/15/20		86,025		0.1
	390,000	#	Impax Laboratories, Inc., 2.000%, 06/15/22		353,925		0.3
	490,000		Insulet Corp., 2.000%, 06/15/19		453,250		0.4
	300,000		Iron Mountain, Inc., 5.750%, 08/15/24		290,625		0.3
	290,000	#	Ironwood Pharmaceuticals, Inc., 2.250%, 06/15/22		259,187		0.2
	200,000		Jazz Investments I Ltd., 1.875%, 08/15/21		204,250		0.2
	240,000	#	Kindred Escrow Corp. II, 8.000%, 01/15/20		255,000		0.2
	255,000		Kindred Healthcare, Inc., 6.375%, 04/15/22		254,044		0.2
	335,000		Lantheus Medical Imaging, Inc. - TL B 1L, 7.000%, 06/30/22		318,250		0.3
	220,000	#	Medicines Co, 2.500%, 01/15/22		287,375		0.3
	144,417		Metaldyne LLC, 3.750%, 10/08/21		144,417		0.1
	100,000		Monitronics International, Inc., 9.125%, 04/01/20		90,500		0.1
	400,000	#	Multi-Color Corp., 6.125%, 12/01/22		411,000		0.4
	144,000		NuVasive, Inc., 2.750%, 07/01/17		182,250		0.2
	238,000		PDL BioPharma, Inc., 4.000%, 02/01/18		210,927		0.2
	100,000	#	Post Holdings, Inc., 6.750%, 12/01/21		100,250		0.1
	550,000		Post Holdings, Inc., 7.375%, 02/15/22		561,688		0.5
	100,000	#	Post Holdings, Inc., 7.750%, 03/15/24		102,750		0.1
	245,000		Quidel Corp., 3.250%, 12/15/20		228,003		0.2
	255,000	#	Quintiles Transnational Corp., 4.875%, 05/15/23		253,088		0.2

VY® Pioneer High Yield Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Consumer, Non-cyclical: (continued)
	155,000		Rent-A-Center, Inc./TX, 4.750%, 05/01/21	$	132,525		0.1
	250,000		Revlon Consumer Products Corp., 5.750%, 02/15/21		243,750		0.2
	100,000		Reynolds Group Issuer, Inc., 5.750%, 10/15/20		101,250		0.1
	235,000		Reynolds Group Issuer, Inc., 8.250%, 02/15/21		235,588		0.2
	335,000		Reynolds Group Issuer, Inc., 8.500%, 05/15/18		338,141		0.3
	265,000		Reynolds Group Issuer, Inc., 9.875%, 08/15/19		274,772		0.3
	165,000	#	Safway Group Holding LLC / Safway Finance Corp., 7.000%, 05/15/18		169,744		0.2
	465,000	#	Sothebys, 5.250%, 10/01/22		432,450		0.4
	255,000	#	Southern States Cooperative, Inc., 10.000%, 08/15/21		225,675		0.2
	180,000	#	Sterigenics-Nordion Holdings LLC, 6.500%, 05/15/23		179,100		0.2
	203,837		Surgical Care Affiliates, Inc. - TL B 1L, 4.250%, 03/17/22		204,092		0.2
	480,000		Theravance, Inc., 2.125%, 01/15/23		316,800		0.3
	440,000		Truven Health Analytics, Inc., 10.625%, 06/01/20		462,000		0.4
	275,000		Universal Hospital Services, Inc., 7.625%, 08/15/20		259,188		0.3
	450,000	#	VRX Escrow Corp., 5.875%, 05/15/23		432,563		0.4
	480,000		WellCare Health Plans, Inc., 5.750%, 11/15/20		501,000		0.5
	220,000	#	Wright Medical Group, Inc., 2.000%, 02/15/20		210,375		0.2
					17,850,241		17.2
			Diversified: 0.2%
	230,000	#	Argos Merger Sub, Inc., 7.125%, 03/15/23		233,162		0.2
			Energy: 12.9%
	175,000		Antero Resources Corp., 6.000%, 12/01/20		162,750		0.2
	350,000		Approach Resources, Inc., 7.000%, 06/15/21		211,750		0.2
	206,000		Basic Energy Services, Inc., 7.750%, 10/15/22		97,335		0.1
	235,000		Berry Petroleum Co., 6.375%, 09/15/22		71,529		0.1
	185,000		Bonanza Creek Energy, Inc., 5.750%, 02/01/23		121,175		0.1
	125,000	#	Calfrac Holdings L.P., 7.500%, 12/01/20		78,750		0.1
	350,000		Calumet Specialty Products Partners L.P. / Calumet Finance Corp., 6.500%, 04/15/21		316,750		0.3
	175,000	#	Calumet Specialty Products Partners L.P. / Calumet Finance Corp., 7.750%, 04/15/23		161,546		0.2
	75,000		Carrizo Oil & Gas, Inc., 7.500%, 09/15/20		70,500		0.1
	140,000		Chaparral Energy, Inc., 8.250%, 09/01/21		43,316		0.0
	200,000		Chesapeake Energy Corp., 2.250%, 12/15/38		143,000		0.1
	305,000		Chesapeake Energy Corp., 5.375%, 06/15/21		205,112		0.2
	515,000		Cobalt International Energy, Inc., 2.625%, 12/01/19		366,937		0.4
	335,000		Comstock Resources, Inc., 7.750%, 04/01/19		85,425		0.1
	225,000		Concho Resources, Inc./Midland TX, 6.500%, 01/15/22		221,906		0.2
	200,000		Concho Resources, Inc., 5.500%, 04/01/23		191,000		0.2
	210,000	#	ContourGlobal Power Holdings SA, 7.125%, 06/01/19		211,596		0.2
	115,000		Crestwood Midstream Partners L.P. / Crestwood Midstream Finance Corp., 6.000%, 12/15/20		103,787		0.1
	290,000		Denbury Resources, Inc., 4.625%, 07/15/23		158,050		0.2
	300,000		Denbury Resources, Inc., 5.500%, 05/01/22		179,250		0.2
	160,000		Energy XXI Ltd., 3.000%, 12/15/18		16,400		0.0
	195,000		EP Energy LLC / Everest Acquisition Finance, Inc., 6.375%, 06/15/23		145,275		0.1
	275,000		EP Energy, LLC, 7.750%, 09/01/22		221,375		0.2
	180,000		EP Energy, LLC, 9.375%, 05/01/20		155,700		0.2
	255,000		EPL Oil & Gas, Inc., 8.250%, 02/15/18		63,750		0.1
	325,000		Exterran Partners L.P. / EXLP Finance Corp., 6.000%, 10/01/22		273,812		0.3
	610,000		Exterran Partners L.P. / EXLP Finance Corp., 6.000%, 04/01/21		518,500		0.5
	280,000		Forum Energy Technologies, Inc., 6.250%, 10/01/21		236,600		0.2
	2,000		Green Field Energy Services, Inc. - Escrow		–		–
	380,000		Gulfport Energy Corp., 7.750%, 11/01/20		375,250		0.4
	225,000		Halcon Resources Corp., 8.875%, 05/15/21		68,625		0.1
	115,000		Halcon Resources Corp., 9.750%, 07/15/20		39,675		0.0

VY® Pioneer High Yield Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Energy: (continued)
	90,000	#	Hiland Partners L.P. / Hiland Partners Finance Corp., 5.500%, 05/15/22	$	88,144		0.1
	170,000	#	Hiland Partners L.P. / Hiland Partners Finance Corp., 7.250%, 10/01/20		179,562		0.2
	285,000	#	Hilcorp Energy I L.P. / Hilcorp Finance Co., 5.750%, 10/01/25		252,225		0.2
	200,000		Holly Energy Partners L.P. / Holly Energy Finance Corp., 6.500%, 03/01/20		191,000		0.2
	250,380		Jonah Energy, 7.500%, 05/12/21		202,808		0.2
	200,000		Legacy Reserves L.P. / Legacy Reserves Finance Corp., 6.625%, 12/01/21		137,000		0.1
	525,000		Linn Energy LLC / Linn Energy Finance Corp., 6.250%, 11/01/19		141,750		0.1
	345,000		MarkWest Energy Partners L.P. / MarkWest Energy Finance Corp., 4.875%, 06/01/25		318,193		0.3
	180,000		Memorial Production Partners L.P. / Memorial Production Finance Corp., 6.875%, 08/01/22		110,700		0.1
	200,000		Memorial Production Partners L.P. / Memorial Production Finance Corp., 7.625%, 05/01/21		136,000		0.1
	200,000		Midstates Petroleum Co., Inc. / Midstates Petroleum Co. LLC, 9.250%, 06/01/21		41,000		0.0
	250,000		Murphy Oil USA, Inc., 6.000%, 08/15/23		256,875		0.2
	585,000		Noble Energy, Inc., 5.625%, 05/01/21		589,207		0.6
	240,000		Noble Energy, Inc., 5.875%, 06/01/22		239,874		0.2
	170,000		Northern Oil and Gas, Inc., 8.000%, 06/01/20		127,288		0.1
	365,000		Oasis Petroleum, Inc., 6.875%, 01/15/23		284,700		0.3
	140,000		Offshore Group Investment Ltd., 7.500%, 11/01/19		46,200		0.0
	245,000		ONEOK, Inc., 7.500%, 09/01/23		236,577		0.2
	240,000		PDC Energy, Inc., 7.750%, 10/15/22		238,800		0.2
	285,000		Penn Virginia Corp., 8.500%, 05/01/20		73,388		0.1
	275,000		Range Resources Corp., 5.000%, 03/15/23		244,578		0.2
	210,000		Rice Energy, Inc., 6.250%, 05/01/22		188,345		0.2
	325,000		Sabine Pass Liquefaction LLC, 5.625%, 02/01/21		303,063		0.3
	155,000		Sabine Pass Liquefaction LLC, 5.750%, 05/15/24		138,725		0.1
	560,000		Sanchez Energy Corp., 7.750%, 06/15/21		417,200		0.4
	175,000		SandRidge Energy, Inc., 7.500%, 03/15/21		39,375		0.0
	130,000		SEACOR Holdings, Inc., 3.000%, 11/15/28		104,000		0.1
	360,000	#	SolarCity Corp., 1.625%, 11/01/19		282,375		0.3
	215,000	#	SunEdison, Inc., 2.625%, 06/01/23		109,381		0.1
	195,000	#	SunEdison, Inc., 3.375%, 06/01/25		100,059		0.1
	200,000		Swift Energy Co., 7.875%, 03/01/22		54,000		0.1
	175,000		Swift Energy Co., 8.875%, 01/15/20		47,250		0.0
	230,000		Targa Resources Partners L.P. / Targa Resources Partners Finance Corp., 4.250%, 11/15/23		192,050		0.2
	190,000		Targa Resources Partners L.P., 6.375%, 08/01/22		182,638		0.2
	300,000		Tesoro Corp., 5.375%, 10/01/22		295,500		0.3
	165,000	#	Ultra Petroleum Corp., 5.750%, 12/15/18		119,625		0.1
	155,000		Unit Corp., 6.625%, 05/15/21		127,875		0.1
	210,000		Vanguard Natural Resources, LLC, 7.875%, 04/01/20		128,625		0.1
	295,000		Western Refining Logistics L.P. / WNRL Finance Corp., 7.500%, 02/15/23		294,263		0.3
	160,000		Whiting Canadian Holding Co. ULC, 8.125%, 12/01/19		155,600		0.2
	260,000	#	Whiting Petroleum Corp., 1.250%, 04/01/20		213,038		0.2
	150,000		WPX Energy, Inc., 7.500%, 08/01/20		138,000		0.1
	350,000		WPX Energy, Inc., 8.250%, 08/01/23		318,500		0.3
					13,401,782		12.9
			Financial: 9.0%
	218,276	#,&	AAF Holdings LLC/AAF Finance Co., 12.000%, 07/01/19		216,093		0.2
	72,487		Alliant Holdings I LLC, 4.500%, 08/12/22		72,306		0.1
	300,000		Ally Financial, Inc., 4.625%, 03/30/25		284,250		0.3
	200,000		Ally Financial, Inc., 4.625%, 05/19/22		197,000		0.2
	300,000	#	Ausdrill Finance Pty Ltd., 6.875%, 11/01/19		213,000		0.2

VY® Pioneer High Yield Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Financial: (continued)
	325,000		Bank of America Corp., 6.250%, 09/29/49	$	318,094		0.3
	375,000		Bank of America Corp., 6.500%, 10/29/49		382,969		0.4
	325,000		Capital One Financial Corp., 5.550%, 12/29/49		321,750		0.3
	175,000		Citigroup, Inc., 5.900%, 12/29/49		171,062		0.2
	190,000		CNO Financial Group, Inc., 4.500%, 05/30/20		194,275		0.2
	313,526		Confie Seguros Holding II - TL 1L, 5.750%, 11/08/18		314,310		0.3
	400,000		DuPont Fabros Technology L.P., 5.875%, 09/15/21		412,000		0.4
	300,000	#	Fidelity & Guaranty Life Holdings, Inc., 6.375%, 04/01/21		313,500		0.3
	400,000		Fly Leasing Ltd, 6.375%, 10/15/21		405,000		0.4
	250,000	#	Galileo Re Ltd., 7.400%, 01/09/19		255,862		0.2
	480,000		Geo Group, Inc./The, 5.875%, 10/15/24		487,200		0.5
	325,000		Goldman Sachs Group, Inc., 5.375%, 12/31/49		317,891		0.3
	250,000		Kennedy-Wilson, Inc., 5.875%, 04/01/24		245,000		0.2
	250,000	#	Kilimanjaro Re Ltd., 4.500%, 04/30/18		249,212		0.2
	285,000		MJ Acquisition Corp., 9.000%, 05/08/23		286,596		0.3
	350,000		Morgan Stanley, 5.550%, 12/29/49		345,187		0.3
	300,000		MPT Operating Partnership L.P. / MPT Finance Corp., 5.500%, 05/01/24		308,250		0.3
	220,000		Nationstar Mortgage LLC / Nationstar Capital Corp., 6.500%, 06/01/22		176,275		0.2
	575,000		Nationstar Mortgage LLC / Nationstar Capital Corp., 6.500%, 07/01/21		479,406		0.5
	100,000		Nationstar Mortgage LLC / Nationstar Capital Corp., 6.500%, 08/01/18		95,625		0.1
	125,000	#	Ocwen Financial Corp., 7.125%, 05/15/19		112,500		0.1
	435,000	#	Provident Funding Associates L.P. / PFG Finance Corp., 6.750%, 06/15/21		414,338		0.4
	250,000	#	Queen Street VII Re Ltd., 8.600%, 04/08/16		253,531		0.2
	220,000	#	Quicken Loans, Inc., 5.750%, 05/01/25		209,275		0.2
	125,000	#	Rayonier AM Products, Inc., 5.500%, 06/01/24		94,375		0.1
	250,000	#	Residential Reinsurance 2012 Ltd., 5.750%, 12/06/18		257,638		0.2
	250,000	#	Residential Reinsurance 2012 Ltd., 12.750%, 12/06/18		266,213		0.3
	250,000	#	Sanders Re Ltd., 4.000%, 05/05/17		252,838		0.2
	210,000	#	TMX Finance LLC / TitleMax Finance Corp., 8.500%, 09/15/18		166,425		0.2
	250,000		Wells Fargo & Co., 5.875%, 12/31/49		256,250		0.2
					9,345,496		9.0
			Industrial: 10.0%
	105,000	#	AECOM Technology Corp., 5.750%, 10/15/22		106,050		0.1
	105,000	#	AECOM Technology Corp., 5.875%, 10/15/24		106,050		0.1
	350,000		AEP Industries, Inc., 8.250%, 04/15/19		357,875		0.3
	150,000	#	Aguila 3 SA, 7.875%, 01/31/18		151,687		0.1
	208,587	#,&	American Energy - Utica LLC, 3.500%, 03/01/21		23,336		0.0
	345,000	#	Amsted Industries, Inc., 5.000%, 03/15/22		341,550		0.3
	381,100	#,&	Ardagh Finance Holdings SA, 8.625%, 06/15/19		391,580		0.4
	35,294	#	Ardagh Packaging Finance PLC, 7.000%, 11/15/20		35,471		0.0
	250,000	#	Aviation Capital Group Corp., 6.750%, 04/06/21		280,937		0.3
	325,000		Ball Corp., 4.000%, 11/15/23		307,125		0.3
	575,000		Ball Corp., 5.250%, 07/01/25		568,888		0.6
	350,000	#	BC Mountain LLC / BC Mountain Finance, Inc., 7.000%, 02/01/21		288,750		0.3
	85,000	#	Belden, Inc., 5.250%, 07/15/24		79,050		0.1
	195,000	#	Belden, Inc., 5.500%, 09/01/22		189,637		0.2
	50,000	#	Beverage Packaging Holdings Luxembourg II SA / Beverage Packaging Holdings II Is, 6.000%, 06/15/17		49,125		0.0
	335,000	#	Bombardier, Inc., 6.000%, 10/15/22		249,575		0.2
	135,000	#	Building Materials Corp. of America, 6.750%, 05/01/21		144,281		0.1
	305,000	#	Cleaver-Brooks, Inc., 8.750%, 12/15/19		289,750		0.3
	300,000	#	Coveris Holding Corp., 10.000%, 06/01/18		310,500		0.3
	640,000		Crown Cork & Seal Co., Inc., 7.375%, 12/15/26		707,200		0.7
	100,000		Darling Ingredients, Inc., 5.375%, 01/15/22		98,375		0.1
	250,000	#	Dycom Industries, Inc., 0.750%, 09/15/21		248,125		0.2

VY® Pioneer High Yield Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Industrial: (continued)
	31,582		Filtration Group, Inc., 8.250%, 11/22/21	$	31,642		0.0
	175,000		Flextronics International Ltd., 4.625%, 02/15/20		180,906		0.2
	270,000	#	Florida East Coast Holdings Corp., 6.750%, 05/01/19		265,275		0.3
	100,000		GCI, Inc., 6.750%, 06/01/21		102,250		0.1
	744,000		General Cable Corp., 4.500%, 11/15/29		450,585		0.4
	300,000		Golar LNG Ltd., 3.750%, 03/07/17		297,540		0.3
	505,000		Griffon Corp., 5.250%, 03/01/22		481,644		0.5
	115,000		IAC/InterActiveCorp, 4.875%, 11/30/18		118,594		0.1
	175,000	#	Intrepid Aviation Group Holdings LLC / Intrepid Finance Co., 6.875%, 02/15/19		158,375		0.2
	310,000	#	JB Poindexter & Co., Inc., 9.000%, 04/01/22		327,825		0.3
	335,000	#	JMC Steel Group, 8.250%, 03/15/18		229,475		0.2
	114,328	#,&	Liberty Tire Recycling LLC, 11.000%, 03/31/21		68,597		0.1
	575,000	#	NANA Development Corp., 9.500%, 03/15/19		514,625		0.5
	400,000	#	Rentech Nitrogen Partners L.P. / Rentech Nitrogen Finance Corp., 6.500%, 04/15/21		398,000		0.4
	400,000	#	Rexel SA, 5.250%, 06/15/20		410,968		0.4
	102,000		RTI International Metals, Inc., 1.625%, 10/15/19		107,738		0.1
	190,000		SunPower Corp., 0.875%, 06/01/21		159,956		0.2
	200,000	#	Syncreon Group BV / Syncreon Global Finance US, Inc., 8.625%, 11/01/21		150,000		0.1
	125,000		Triumph Group, Inc., 5.250%, 06/01/22		115,625		0.1
	100,000	#	Videotron Ltd., 5.375%, 06/15/24		98,750		0.1
	545,000		Vishay Intertechnology, Inc., 2.250%, 05/15/41		367,875		0.4
					10,361,162		10.0
			Technology: 6.7%
	200,000	#	Activision Blizzard, Inc., 5.625%, 09/15/21		211,000		0.2
	125,000	#	Activision Blizzard, Inc., 6.125%, 09/15/23		133,125		0.1
	150,000		Advanced Micro Devices, Inc., 6.750%, 03/01/19		104,437		0.1
	160,000		Advanced Micro Devices, Inc., 7.500%, 08/15/22		103,200		0.1
	70,000		Advanced Micro Devices, Inc., 7.000%, 07/01/24		43,750		0.0
	150,000	#	Audatex North America, Inc., 6.000%, 06/15/21		150,861		0.1
	215,000	#	Brocade Communications Systems, Inc., 1.375%, 01/01/20		211,103		0.2
	460,000		Brocade Communications Systems, Inc., 4.625%, 01/15/23		443,900		0.4
	160,000		Citrix Systems, Inc., 0.500%, 04/15/19		169,500		0.2
	375,000	#	Entegris, Inc., 6.000%, 04/01/22		382,031		0.4
	74,083		Expert Global Solutions, Inc., 8.500%, 04/03/18		74,175		0.1
	89,000		First Data Corp., 12.625%, 01/15/21		101,349		0.1
	300,000		IHS, Inc., 5.000%, 11/01/22		289,125		0.3
	510,000		j2 Global, Inc., 8.000%, 08/01/20		545,700		0.5
	145,000		KEYW Holding Corp., 2.500%, 07/15/19		112,466		0.1
	250,000		MedAssets, Inc., 8.000%, 11/15/18		255,625		0.3
	450,000		Mentor Graphics Corp., 4.000%, 04/01/31		569,531		0.6
	225,000	#	Micron Technology, Inc., 5.250%, 08/01/23		209,813		0.2
	250,000	#	MSCI, Inc., 5.250%, 11/15/24		254,063		0.2
	265,000		NCR Corp., 5.000%, 07/15/22		252,081		0.2
	160,000		NCR Corp., 6.375%, 12/15/23		157,400		0.2
	213,000		Nuance Communications, Inc., 1.500%, 11/01/35		220,322		0.2
	375,000	#	ON Semiconductor Corp., 1.000%, 12/01/20		350,859		0.3
	23,000		ON Semiconductor Corp., 2.625%, 12/15/26		25,803		0.0
	65,000	#	Proofpoint, Inc., 0.750%, 06/15/20		68,291		0.1
	500,000		Seagate HDD Cayman, 4.750%, 01/01/25		479,757		0.5
	595,000		Seagate HDD Cayman, 4.750%, 06/01/23		585,317		0.6
	198,000		SkillSoft, 5.750%, 04/28/21		179,190		0.2
	180,000		Synchronoss Technologies, Inc., 0.750%, 08/15/19		182,475		0.2
	47,774		Vertafore, Inc., 4.250%, 07/31/16		47,789		0.0
					6,914,038		6.7
			Utilities: 2.1%
	505,000		AES Corp., 4.875%, 05/15/23		445,663		0.4

VY® Pioneer High Yield Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
CORPORATE BONDS/NOTES: (continued)
			Utilities: (continued)
	100,000		AES Corp., 5.500%, 03/15/24	$	89,150		0.1
	374		AES Red Oak, LLC, 8.540%, 11/30/19		398		0.0
	550,000		NRG Energy, Inc., 6.250%, 05/01/24		488,125		0.5
	150,000		NRG Energy, Inc., 6.250%, 07/15/22		137,250		0.1
	275,000		NRG Energy, Inc., 7.625%, 01/15/18		290,125		0.3
	540,000	#	Talen Energy Supply LLC, 5.125%, 07/15/19		494,100		0.5
	200,000	#	Talen Energy Supply LLC, 6.500%, 06/01/25		172,250		0.2
					2,117,061		2.1
		Total Corporate Bonds/Notes
		(Cost $95,841,986)			87,363,138		84.2
COLLATERALIZED MORTGAGE OBLIGATIONS: 1.0%
	1,000,000	#	Timberstar Trust, 7.530%, 10/15/36		1,032,846		1.0
		Total Collateralized Mortgage Obligations
		(Cost $1,007,960)			1,032,846		1.0
FOREIGN GOVERNMENT BONDS: 0.0%
	13,615	&	Mashantucket Western Pequot Tribe, 2.000%, 07/01/36		75		0.0
		Total Foreign Government Bonds
		(Cost $387)			75		0.0

Shares				Value		Percentage of Net Assets
COMMON STOCK: 5.9%
			Consumer Discretionary: 1.0%
	3,636	@	Cengage Learning Holdings II L.P.		96,354		0.1
	50,408		Ford Motor Co.		684,037		0.6
	5,043		Starbucks Corp.		286,644		0.3
					1,067,035		1.0
			Energy: 0.3%
	20	@	Green Field Energy Service, Inc.		–		–
	132,213		Halcon Resources Corp.		70,073		0.1
	6,900		Marathon Oil Corp.		106,260		0.1
	3,743		Marathon Petroleum Corp.		173,413		0.1
	11,755	@	SandRidge Energy, Inc.		3,174		0.0
					352,920		0.3
			Financials: 1.0%
	1,252		Capital One Financial Corp.		90,795		0.1
	5,760		Communications Sales & Leasing, Inc.		103,104		0.1
	35,391		Forest City Enterprises, Inc.		712,421		0.7
	1,630		JPMorgan Chase & Co.		99,381		0.1
	1,476	#,@	Perseus Holding Corp.		–		–
					1,005,701		1.0
			Health Care: 1.4%
	2,690		Aetna, Inc.		294,313		0.3
	15,129	@	BioScrip, Inc.		28,291		0.0
	1,274		Bio-Rad Laboratories, Inc.		171,111		0.2
	2,670		Cigna Corp.		360,503		0.3
	4,817		Thermo Fisher Scientific, Inc.		589,023		0.6
					1,443,241		1.4
			Industrials: 0.9%
	123	@	Ceva Holdings LLC		74,010		0.1
	19,600	@	Commercial Vehicle Group, Inc.		78,988		0.1
	13,280		General Cable Corp.		158,032		0.2
	3,055		Joy Global, Inc.		45,611		0.0
	5,449		Kennametal, Inc.		135,626		0.1
	5,836	@	Liberty Tire Recycling		–		–
	2,483		Orbital ATK, Inc.		178,453		0.2
	4,490		United Continental Holdings, Inc.		238,194		0.2
					908,914		0.9
			Information Technology: 0.7%
	5,800		EMC Corp.		140,128		0.2
	21	@	Magnachip Semiconductors S.A.		–		–
	13,491		NCR Corp.		306,920		0.3
	3,986	@	TE Connectivity Ltd.		238,722		0.2
					685,770		0.7
			Materials: 0.6%
	10,495		Axiall Corp.		164,666		0.2
	5,427		Freeport-McMoRan, Inc.		52,588		0.1
	4,308	@	LyondellBasell Industries NV - Class A		359,115		0.3
					576,369		0.6
			Telecommunication Services: 0.0%
	4,800		Windstream Holdings, Inc.		29,472		0.0
		Total Common Stock
		(Cost $5,394,230)			6,069,422		5.9
PREFERRED STOCK: 2.6%
			Consumer Discretionary: 0.7%
	7,900	@	Sealy Corp.		697,624		0.7
			Energy: 0.0%
	285		Halcon Resources Corp.		32,312		0.0
	1,016		SandRidge Energy, Inc. 7.0% Conv PS		4,953		0.0
	1,400		SandRidge Energy, Inc. 8.5% Conv PS		8,260		0.0
					45,525		0.0
			Financials: 1.2%
	338	#,P	Ally Financial, Inc.		340,757		0.3

VY® Pioneer High Yield Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
PREFERRED STOCK: (continued)
			Financials: (continued)
	22,770	P	Citigroup, Inc.	$	612,968		0.6
	13,000	P	GMAC Capital Trust I		331,890		0.3
	310	P	Morgan Stanley		7,886		0.0
	775	#,@	Perseus Holding Corp.		–		–
					1,293,501		1.2
			Health Care: 0.3%
	811		Alere, Inc.		264,739		0.3
			Industrials: 0.2%
	267	@	Ceva Holdings Series A-2		160,218		0.2
			Utilities: 0.2%
	9,099	P	PPL Capital Funding, Inc.		229,295		0.2
		Total Preferred Stock
		(Cost $3,268,988)			2,690,902		2.6
RIGHTS: –%
			Health Care: –%
	44	@	BioScrip, Inc.		–		–
		Total Rights
		(Cost $–)			–		–
		Total Long-Term Investments
		(Cost $105,513,551)			97,156,383		93.7
SHORT-TERM INVESTMENTS: 4.9%
			Mutual Funds: 4.9%
	5,066,200		BlackRock Liquidity Funds, TempFund, Institutional Class, 0.110%††
			(Cost $5,066,200)		5,066,200		4.9
		Total Short-Term Investments
		(Cost $5,066,200)			5,066,200		4.9
		Total Investments in Securities (Cost $110,579,751)		$	102,222,583		98.6
		Assets in Excess of Other Liabilities			1,478,942		1.4
		Net Assets		$	103,701,525		100.0

†	Unless otherwise indicated, principal amount is shown in USD.
††	Rate shown is the 7-day yield as of September 30, 2015.
#	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.
@	Non-income producing security.
&	Payment-in-kind
P	Preferred Stock may be called prior to convertible date.
	Cost for federal income tax purposes is $111,211,451.
	Net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	3,219,784
Gross Unrealized Depreciation		(12,208,652	)
Net Unrealized Depreciation	$	(8,988,868	)

VY® Pioneer High Yield Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Common Stock
Consumer Discretionary	$	1,067,035	$	–		$	–	$	1,067,035
Energy		352,920		–			–		352,920
Financials		1,005,701		–			–		1,005,701
Health Care		1,443,241		–			–		1,443,241
Industrials		834,904		–			74,010		908,914
Information Technology		685,770		–			–		685,770
Materials		576,369		–			–		576,369
Telecommunication Services		29,472		–			–		29,472
Total Common Stock		5,995,412		–			74,010		6,069,422
Preferred Stock		1,114,888		1,415,796			160,218		2,690,902
Rights		–		–			–		–
Corporate Bonds/Notes		–		87,363,138			–		87,363,138
Collateralized Mortgage Obligations		–		1,032,846			–		1,032,846
Short-Term Investments		5,066,200		–			–		5,066,200
Foreign Government Bonds		–		75			–		75
Total Investments, at fair value	$	12,176,500	$	89,811,855		$	234,228	$	102,222,583
Other Financial Instruments+
Futures		142,990		–			–		142,990
Total Assets	$	12,319,490	$	89,811,855		$	234,228	$	102,365,573
Liabilities Table
Other Financial Instruments+
Centrally Cleared Swaps	$	–	$	(19,566	)	$	–	$	(19,566	)
Total Liabilities	$	–	$	(19,566	)	$	–	$	(19,566	)

+ Other Financial Instruments are derivatives not reflected in the portfolio of investments and may include open forward foreign currency contracts, futures, centrally cleared swaps, OTC swaps and written options. Forward foreign currency contracts, futures and centrally cleared swaps are valued at the unrealized gain (loss) on the instrument.  OTC swaps and written options are valued at the fair value of the instrument.

At September 30, 2015, 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		(47)	12/18/15	$	(4,485,445	)	$	142,990
				$	(4,485,445	)	$	142,990

At September 30, 2015, the following centrally cleared credit default swaps were outstanding for VY® Pioneer High Yield Portfolio:

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

Reference Entity/Obligation	Buy/Sell Protection	(Pay)/ Receive Fixed Rate (%)		Clearinghouse	Termination Date	Notional Amount(2)		Fair Value(3)		Unrealized Appreciation/ (Depreciation)
CDX.HY.23	Sell		5.000	Chicago Mercantile Exchange	12/20/19	USD	1,101,678	$	50,943	$	(19,566	)
								$	50,943	$	(19,566	)

(1)

If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the  Portfolio will generally either i) Pay to the buyer an amount equal to the notional amount of the swap and take delivery of the referenced obligation, other deliverable obligations, or underlying securities comprising a referenced index or ii) Pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising a referenced index.

(2)

The maximum amount of future payments (undiscounted) that a Portfolio as seller of protection could be required to make or receive as a buyer of credit protection under a credit default swap agreement would be an amount equal to the notional amount of the agreement.

VY® Pioneer High Yield Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

(3) The fair values for credit default swap agreements serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. Increasing fair values, in absolute terms, when compared to the notional amount of the agreement, represent a deterioration of the referenced obligation’s credit soundness and a greater likelihood or risk of default or other credit event occurring.

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

The fair value of derivative instruments as of September 30, 2015 was as follows:

Derivatives not accounted for as hedging instruments

Asset Derivatives	Instrument Type		Fair Value
Equity contracts	Futures contracts	$	142,990
Total Asset Derivatives		$	142,990
Liability Derivatives	Instrument Type
Credit contracts	Credit default swaps	$	19,566
Total Liability Derivatives		$	19,566

VY® T. Rowe Price Diversified Mid Cap Growth Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 98.1%
			Consumer Discretionary: 21.6%
	10,900		Autozone, Inc.	$	7,889,747		1.0
	88,300		Bloomin Brands, Inc.		1,605,294		0.2
	96,100		BorgWarner, Inc.		3,996,799		0.5
	45,600		Brinker International, Inc.		2,401,752		0.3
	53,100	@	Burlington Stores, Inc.		2,710,224		0.3
	114,300		Carmax, Inc.		6,780,276		0.8
	7,900	@	Chipotle Mexican Grill, Inc.		5,689,975		0.7
	48,300		Choice Hotels International, Inc.		2,301,495		0.3
	75,400		Coach, Inc.		2,181,322		0.3
	137,829	@,L	Coupons.com, Inc.		1,240,461		0.2
	33,500	@	Ctrip.com International Ltd. ADR		2,116,530		0.3
	21,000	@	Delphi Automotive PLC		1,596,840		0.2
	38,300		Dick's Sporting Goods, Inc.		1,900,063		0.2
	57,200		Discovery Communications, Inc. - Class C		1,389,388		0.2
	104,900		Dollar General Corp.		7,598,956		0.9
	53,900		Dollar Tree, Inc.		3,592,974		0.4
	69,100		Extended Stay America, Inc.		1,159,498		0.1
	42,500	@	Five Below, Inc.		1,427,150		0.2
	19,700	L	Fossil Group, Inc.		1,100,836		0.1
	95,200		Gentex Corp.		1,475,600		0.2
	284,900		Hanesbrands, Inc.		8,245,006		1.0
	29,700		Harley-Davidson, Inc.		1,630,530		0.2
	50,400	@	HomeAway, Inc.		1,337,616		0.2
	122,400		Interpublic Group of Cos., Inc.		2,341,512		0.3
	111,700		Kate Spade & Co.		2,134,587		0.3
	55,300		L Brands, Inc.		4,984,189		0.6
	85,500		Liberty Interactive Corp. QVC Group		2,242,665		0.3
	12,155		Liberty Ventures		490,454		0.1
	29,600		Lululemon Athletica, Inc.		1,499,240		0.2
	69,700	@	Markit Ltd.		2,021,300		0.2
	52,912		Marriott International, Inc.		3,608,598		0.4
	59,200		Mattel, Inc.		1,246,752		0.2
	46,300		McGraw-Hill Cos., Inc.		4,004,950		0.5
	137,500		MGM Resorts International		2,536,875		0.3
	94,700	@	Michaels Cos, Inc.		2,187,570		0.3
	12,844		NetFlix, Inc.		1,326,272		0.2
	86,100		Newell Rubbermaid, Inc.		3,419,031		0.4
	19,900	@	Norwegian Cruise Line Holdings Ltd.		1,140,270		0.1
	23,300		Omnicom Group, Inc.		1,535,470		0.2
	24,000		O'Reilly Automotive, Inc.		6,000,000		0.7
	49,400	@	Pandora Media, Inc.		1,054,196		0.1
	9,400		Panera Bread Co.		1,818,054		0.2
	28,700		Papa John's International, Inc.		1,965,376		0.2
	18,800		Polaris Industries, Inc.		2,253,556		0.3
	29,000		PVH Corp.		2,956,260		0.4
	24,600	@	Restoration Hardware Holdings, Inc.		2,295,426		0.3
	149,000		Ross Stores, Inc.		7,222,030		0.9
	20,100	@	Royal Caribbean Cruises Ltd.		1,790,709		0.2
	115,700		Service Corp. International		3,135,470		0.4
	26,800	@	Signet Jewelers Ltd.		3,648,284		0.4
	36,500		Sotheby's		1,167,270		0.1
	55,200		Starwood Hotels & Resorts Worldwide, Inc.		3,669,696		0.5
	12,800	@,L	Tesla Motors, Inc.		3,179,520		0.4
	50,700		Tiffany & Co.		3,915,054		0.5
	69,600		Toll Brothers, Inc.		2,383,104		0.3
	62,700		Tractor Supply Co.		5,286,864		0.7
	20,800	@	TripAdvisor, Inc.		1,310,816		0.2
	13,400		Ulta Salon Cosmetics & Fragrance, Inc.		2,188,890		0.3
	155,300	@,L	Vipshop Holdings Ltd. ADR		2,609,040		0.3
	37,020	@,L	Wayfair, Inc.		1,297,921		0.2
	37,000		Williams-Sonoma, Inc.		2,824,950		0.3
	56,500		Wolverine World Wide, Inc.		1,222,660		0.1
	26,800		Wynn Resorts Ltd.		1,423,616		0.2
					174,706,829		21.6
			Consumer Staples: 6.0%
	47,600	@	Blue Buffalo Pet Products, Inc.		852,516		0.1
	39,650		Brown-Forman Corp. - Class B		3,842,085		0.5
	37,600		Church & Dwight Co., Inc.		3,154,640		0.4
	15,700		Clorox Co.		1,813,821		0.2
	38,400		Constellation Brands, Inc.		4,808,064		0.6
	23,700		Dr Pepper Snapple Group, Inc.		1,873,485		0.2
	131,700		Flowers Foods, Inc.		3,258,258		0.4
	41,000	@	Fresh Market, Inc.		926,190		0.1
	28,300		Hain Celestial Group, Inc.		1,460,280		0.2
	49,500		Hershey Co.		4,548,060		0.6
	15,400		JM Smucker Co.		1,756,986		0.2
	26,200		Keurig Green Mountain, Inc.		1,366,068		0.2
	49,300		McCormick & Co., Inc.		4,051,474		0.5
	61,600		Mead Johnson Nutrition Co.		4,336,640		0.5
	23,600		Monster Beverage Corp.		3,189,304		0.4
	17,900		Pricesmart, Inc.		1,384,386		0.2
	445,900		Rite Aid Corp.		2,706,613		0.3
	79,800	@	Sprouts Farmers Market, Inc.		1,683,780		0.2
	41,900		Whole Foods Market, Inc.		1,326,135		0.2
					48,338,785		6.0
			Energy: 2.2%
	53,500		Cabot Oil & Gas Corp.		1,169,510		0.1
	18,700		Cimarex Energy Co.		1,916,376		0.2

VY® T. Rowe Price Diversified Mid Cap Growth Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Energy: (continued)
	59,600		Columbia Pipeline Group, Inc.	$	1,090,084		0.1
	20,700	@	Concho Resources, Inc./Midland TX		2,034,810		0.3
	22,200		Continental Resources, Inc.		643,134		0.1
	29,300	@	Diamondback Energy, Inc.		1,892,780		0.2
	29,200		EQT Corp.		1,891,284		0.2
	31,900		Oceaneering International, Inc.		1,253,032		0.2
	13,600		Pioneer Natural Resources Co.		1,654,304		0.2
	39,900		Range Resources Corp.		1,281,588		0.2
	23,600		Tesoro Corp.		2,294,864		0.3
	75,800	@	WPX Energy, Inc.		501,796		0.1
					17,623,562		2.2
			Financials: 8.7%
	43,700		American Campus Communities, Inc.		1,583,688		0.2
	49,700	@	Aon PLC		4,403,917		0.5
	38,700		Artisan Partners Asset Management, Inc.		1,363,401		0.2
	80,800		BankUnited, Inc.		2,888,600		0.4
	72,633		CBOE Holdings, Inc.		4,872,222		0.6
	99,800		Crown Castle International Corp.		7,871,226		1.0
	106,100		E*Trade Financial Corp.		2,793,613		0.3
	11,406		Equinix, Inc.		3,118,400		0.4
	14,300		Federal Realty Investment Trust		1,951,235		0.2
	35,400		Financial Engines, Inc.		1,043,238		0.1
	129,100		FNF Group		4,579,177		0.6
	21,000		Intercontinental Exchange, Inc.		4,934,790		0.6
	42,600		Invesco Ltd.		1,330,398		0.2
	57,400		Iron Mountain, Inc.		1,780,548		0.2
	18,400		Jones Lang LaSalle, Inc.		2,645,368		0.3
	77,000	@	Lazard Ltd.		3,334,100		0.4
	49,300	L	LPL Financial Holdings, Inc.		1,960,661		0.2
	40,700		Moody's Corp.		3,996,740		0.5
	34,300		MSCI, Inc. - Class A		2,039,478		0.3
	25,200		Northern Trust Corp.		1,717,632		0.2
	80,100		Progressive Corp.		2,454,264		0.3
	21,300		SVB Financial Group		2,461,002		0.3
	108,400		TD Ameritrade Holding Corp.		3,451,456		0.4
	26,699	@	WeWork Companies, Inc., Classs A		878,119		0.1
	79,400		WisdomTree Investments, Inc.		1,280,722		0.2
					70,733,995		8.7
			Health Care: 14.3%
	47,700	@	Acadia Pharmaceuticals, Inc.		1,577,439		0.2
	85,100		Agilent Technologies, Inc.		2,921,483		0.4
	8,600	@,L	Agios Pharmaceuticals, Inc.		607,074		0.1
	48,200		Akorn, Inc.		1,373,941		0.2
	34,200	@	Align Technology, Inc.		1,941,192		0.2
	77,300		Alkermes PLC		4,535,191		0.6
	16,600	@	Alnylam Pharmaceuticals, Inc.		1,333,976		0.2
	55,800		AmerisourceBergen Corp.		5,300,442		0.7
	9,800	@,L	Athenahealth, Inc.		1,306,830		0.2
	85,000		Baxalta, Inc.		2,678,350		0.3
	42,200	@	BioMarin Pharmaceutical, Inc.		4,444,504		0.6
	10,700	@	Bluebird Bio, Inc.		915,385		0.1
	67,900	@	Bruker BioSciences Corp.		1,115,597		0.1
	139,184	@	Catalent, Inc.		3,382,171		0.4
	43,400		Cerner Corp.		2,602,264		0.3
	11,800	@	Clovis Oncology, Inc.		1,085,128		0.1
	36,500		DaVita, Inc.		2,640,045		0.3
	36,400		Dentsply International, Inc.		1,840,748		0.2
	63,900	@	Dyax, Corp.		1,219,851		0.2
	58,000	@	Endo International PLC		4,018,240		0.5
	58,300	@	Envision Healthcare Holdings, Inc.		2,144,857		0.3
	25,300		Henry Schein, Inc.		3,357,816		0.4
	57,500	@	Horizon Pharma PLC		1,139,650		0.1
	15,600		Humana, Inc.		2,792,400		0.3
	63,000		Idexx Laboratories, Inc.		4,677,750		0.6
	47,200		Incyte Corp., Ltd.		5,207,576		0.6
	66,400	@,L	Inovalon Holdings, Inc.		1,383,112		0.2
	7,150	@,L	Intercept Pharmaceuticals, Inc.		1,185,899		0.1
	10,800		Intuitive Surgical, Inc.		4,963,464		0.6
	59,700	@	Ironwood Pharmaceuticals, Inc.		622,074		0.1
	15,100	@	Jazz Pharmaceuticals PLC		2,005,431		0.3
	20,100	@	Mallinckrodt PLC - W/I		1,285,194		0.2
	31,700		Medidata Solutions, Inc.		1,334,887		0.2
	35,700		Mednax, Inc.		2,741,403		0.3
	12,500	@	Mettler Toledo International, Inc.		3,559,250		0.4
	21,600		Neurocrine Biosciences, Inc.		859,464		0.1
	15,700	@	Pacira Pharmaceuticals, Inc./DE		645,270		0.1
	13,100	@	Puma Biotechnology, Inc.		987,216		0.1
	26,200	@	Quintiles Transnational Holdings, Inc.		1,822,734		0.2
	42,100	@	Seattle Genetics, Inc.		1,623,376		0.2
	29,500		Sirona Dental Systems, Inc.		2,753,530		0.3
	25,500	@	Team Health Holdings, Inc.		1,377,765		0.2
	21,900		Teleflex, Inc.		2,720,199		0.3
	11,100	@	Ultragenyx Pharmaceutical, Inc.		1,069,041		0.1
	12,500		United Therapeutics Corp.		1,640,500		0.2
	16,800		Universal Health Services, Inc.		2,096,808		0.3
	113,400	@	Veeva Systems, Inc.		2,654,694		0.3

VY® T. Rowe Price Diversified Mid Cap Growth Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Health Care: (continued)
	18,300		Vertex Pharmaceuticals, Inc.	$	1,905,762		0.2
	26,000	@	WellCare Health Plans, Inc.		2,240,680		0.3
	28,100		West Pharmaceutical Services, Inc.		1,520,772		0.2
	118,950		Zoetis, Inc.		4,898,361		0.6
					116,056,786		14.3
			Industrials: 18.8%
	51,300		Alaska Air Group, Inc.		4,075,785		0.5
	62,800	@	Allegion Public Ltd.		3,621,048		0.4
	56,362		Ametek, Inc.		2,948,860		0.4
	29,400		Armstrong World Industries, Inc.		1,403,556		0.2
	43,600		Avis Budget Group, Inc.		1,904,448		0.2
	20,400		CEB, Inc.		1,394,136		0.2
	26,900		CH Robinson Worldwide, Inc.		1,823,282		0.2
	29,500		Clarcor, Inc.		1,406,560		0.2
	46,200	@	Colfax Corp.		1,381,842		0.2
	24,800	@,L	Copa Holdings S.A.		1,039,864		0.1
	44,500		Copart, Inc.		1,464,050		0.2
	16,700	@	CoStar Group, Inc.		2,890,102		0.4
	44,100		DigitalGlobe, Inc.		838,782		0.1
	85,200		Donaldson Co., Inc.		2,392,416		0.3
	48,300		Equifax, Inc.		4,693,794		0.6
	53,700		Expeditors International Washington, Inc.		2,526,585		0.3
	40,700		Fastenal Co.		1,490,027		0.2
	79,800		Flowserve Corp.		3,282,972		0.4
	58,800		Fortune Brands Home & Security, Inc.		2,791,236		0.3
	35,100	L	Generac Holdings, Inc.		1,056,159		0.1
	40,100		Genesee & Wyoming, Inc.		2,369,108		0.3
	60,600		Graco, Inc.		4,062,018		0.5
	64,500	@	Hertz Global Holdings, Inc.		1,079,085		0.1
	23,000		Hubbell, Inc.		1,953,850		0.2
	29,600		IDEX Corp.		2,110,480		0.3
	41,300	@	IHS, Inc.		4,790,800		0.6
	40,600		JB Hunt Transport Services, Inc.		2,898,840		0.4
	37,800		Kansas City Southern		3,435,264		0.4
	60,100		KAR Auction Services, Inc.		2,133,550		0.3
	23,000		Kirby Corp.		1,424,850		0.2
	23,900		Landstar System, Inc.		1,516,933		0.2
	32,200		Manpower, Inc.		2,636,858		0.3
	17,800		Middleby Corp.		1,872,382		0.2
	50,700	@	Nielsen NV		2,254,629		0.3
	19,800		Nordson Corp.		1,246,212		0.1
	26,000		Paccar, Inc.		1,356,420		0.2
	89,900	@	Rexnord Corp.		1,526,502		0.2
	88,400	@	Ritchie Brothers Auctioneers, Inc.		2,287,792		0.3
	41,700		Robert Half International, Inc.		2,133,372		0.3
	118,810		Rollins, Inc.		3,192,425		0.4
	29,400		Roper Technologies, Inc.		4,606,980		0.6
	136,700	@	Sensata Technologies Holdings N.V.		6,061,278		0.7
	22,900		Snap-On, Inc.		3,456,526		0.4
	166,800		Southwest Airlines Co.		6,345,072		0.8
	39,700	@	Spirit Airlines, Inc.		1,877,810		0.2
	12,700		Stericycle, Inc.		1,769,237		0.2
	102,500		Textron, Inc.		3,858,100		0.5
	23,300		Towers Watson & Co.		2,734,954		0.3
	19,100		TransDigm Group, Inc.		4,057,031		0.5
	66,500	@	TransUnion		1,670,480		0.2
	89,041		United Continental Holdings, Inc.		4,723,625		0.6
	13,900		Valmont Industries, Inc.		1,318,971		0.2
	87,200	@	Verisk Analytics, Inc.		6,444,952		0.8
	16,800		WABCO Holdings, Inc.		1,761,144		0.2
	42,800		Wabtec Corp.		3,768,540		0.5
	36,000		Waste Connections, Inc.		1,748,880		0.2
	16,100		WW Grainger, Inc.		3,461,661		0.4
	50,800		Xylem, Inc.		1,668,780		0.2
					152,040,895		18.8
			Information Technology: 19.0%
	48,400	@	Akamai Technologies, Inc.		3,342,504		0.4
	15,500	@	Alliance Data Systems Corp.		4,014,190		0.5
	106,300		Amphenol Corp.		5,417,048		0.7
	20,100		Ansys, Inc.		1,771,614		0.2
	99,000	@	ARM Holdings PLC ADR		4,281,750		0.5
	6,856	@	Atlassian, Inc. - Class A Restricted		130,264		0.0
	4,723	@	Atlassian, Inc. - Class A Unrestricted		89,737		0.0
	12,036	@	Atlassian, Inc. - Series 1 Restricted		228,684		0.0
	32,225	@	Atlassian, Inc. - Series 2 Restricted		612,275		0.1
	29,300		Autodesk, Inc.		1,293,302		0.2
	56,100	@	Black Knight Financial Services, Inc.		1,826,055		0.2
	21,000	@	Check Point Software Technologies		1,665,930		0.2
	45,800		Cognex Corp.		1,574,146		0.2
	98,600		CoreLogic, Inc.		3,670,878		0.5
	44,255	@	Dropbox, Inc. - Class A		845,324		0.1
	19,495	@	Dropbox, Inc. - Class B		372,377		0.1
	24,200	@	EPAM Systems, Inc.		1,803,384		0.2
	17,300		F5 Networks, Inc.		2,003,340		0.3
	11,500		Factset Research Systems, Inc.		1,837,815		0.2
	22,900		FEI Co.		1,672,616		0.2
	92,300		Fidelity National Information Services, Inc.		6,191,484		0.8
	65,200		Fiserv, Inc.		5,646,972		0.7
	46,000		Fortinet, Inc.		1,954,080		0.2
	56,500		Gartner, Inc.		4,742,045		0.6
	77,600	@	Genpact Ltd.		1,832,136		0.2
	32,800		Global Payments, Inc.		3,763,144		0.5
	42,700	@	Guidewire Software, Inc.		2,245,166		0.3
	46,100		Integrated Device Technology, Inc.		935,830		0.1

VY® T. Rowe Price Diversified Mid Cap Growth Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Information Technology: (continued)
	48,700		Intuit, Inc.	$	4,322,125		0.5
	27,400		IPG Photonics Corp.		2,081,578		0.3
	34,950	@	Keysight Technologies, Inc.		1,077,858		0.1
	43,100		KLA-Tencor Corp.		2,155,000		0.3
	68,800		Linear Technology Corp.		2,776,080		0.4
	29,100	@	LinkedIn Corp.		5,532,783		0.7
	15,300		Mercadolibre, Inc.		1,393,218		0.2
	54,400		Microchip Technology, Inc.		2,344,096		0.3
	48,600		Microsemi Corp.		1,595,052		0.2
	49,100	@,L	Mobileye NV		2,233,068		0.3
	25,100		Motorola Solutions, Inc.		1,716,338		0.2
	31,100	@	NetSuite, Inc.		2,609,290		0.3
	26,000	@	Palo Alto Networks, Inc.		4,472,000		0.6
	41,000		Paychex, Inc.		1,952,830		0.2
	52,800	@	QLIK Technologies, Inc.		1,924,560		0.2
	43,400	@	Rackspace Hosting, Inc.		1,071,112		0.1
	83,600		Red Hat, Inc.		6,009,168		0.7
	97,000		Sabre Corp.		2,636,460		0.3
	44,700		SanDisk Corp.		2,428,551		0.3
	73,900	@	ServiceNow, Inc.		5,132,355		0.6
	50,500		Skyworks Solutions, Inc.		4,252,605		0.5
	31,900	@	Splunk, Inc.		1,765,665		0.2
	39,500		SS&C Technologies Holdings, Inc.		2,766,580		0.3
	16,400	L	Stratasys Ltd.		434,436		0.1
	85,800		Trimble Navigation Ltd.		1,408,836		0.2
	118,200	@	Twitter, Inc.		3,184,308		0.4
	113,400	@	Vantiv, Inc.		5,093,928		0.6
	71,100	L	VeriSign, Inc.		5,016,816		0.6
	18,699	@	WEX, Inc.		1,623,821		0.2
	37,647	@	Workday, Inc.		2,592,373		0.3
	64,100		Xilinx, Inc.		2,717,840		0.3
	23,900	L	Zillow Group, Inc. - A		686,647		0.1
	47,800	@,L	Zillow Group, Inc. - C		1,290,600		0.2
					154,062,067		19.0
			Materials: 5.7%
	39,300		Airgas, Inc.		3,510,669		0.4
	26,900		Ashland, Inc.		2,706,678		0.3
	77,500		Ball Corp.		4,820,500		0.6
	27,100		Carpenter Technology Corp.		806,767		0.1
	67,500		Celanese Corp.		3,993,975		0.5
	51,200		CF Industries Holdings, Inc.		2,298,880		0.3
	19,300		Compass Minerals International, Inc.		1,512,541		0.2
	20,500		Eagle Materials, Inc.		1,402,610		0.2
	29,882		FMC Corp.		1,013,299		0.1
	4,800		NewMarket Corp.		1,713,600		0.2
	46,100		PolyOne Corp.		1,352,574		0.2
	81,800		RPM International, Inc.		3,426,602		0.4
	30,200		Sherwin-Williams Co.		6,727,956		0.8
	155,100	L	Silver Wheaton Corp.		1,862,751		0.2
	133,700		Stillwater Mining Co		1,381,121		0.2
	53,900		Valspar Corp.		3,874,332		0.5
	40,400		Vulcan Materials Co.		3,603,680		0.5
					46,008,535		5.7
			Telecommunication Services: 1.3%
	74,650	@	SBA Communications Corp.		7,818,841		1.0
	72,700		T-Mobile US, Inc.		2,894,187		0.3
					10,713,028		1.3
			Utilities: 0.5%
	37,400		Atmos Energy Corp.		2,175,932		0.3
	79,600		NiSource, Inc.		1,476,580		0.2
					3,652,512		0.5
		Total Common Stock
		(Cost $614,353,743)			793,936,994		98.1
PREFERRED STOCK: 1.7%
			Financials: 0.4%
	44,396	@	WeWork Companies, Inc. - Series D-1		1,460,166		0.2
	34,882	@	WeWork Companies, Inc. - Series D-2		1,147,254		0.1
	24,709	@	WeWork Companies, Inc. - Series E		812,668		0.1
					3,420,088		0.4
			Information Technology: 1.3%
	32,391	@	AirBNB, Inc. - Series D		3,015,421		0.4
	3,719	@	AirBNB, Inc. - Series E		346,218		0.0
	24,667	@	Atlassian, Inc. - Class A Unrestricted		468,673		0.1
	23,831	@	Atlassian, Inc. - Series A		452,789		0.1
	24,209	@	Dropbox, Inc. - Series A		462,421		0.1
	118,921	@	Dropbox, Inc. - Series A-1		2,271,534		0.3
	8,859	@	Flipkart - Series G		1,260,104		0.1
	117,990	@	Tanium, Inc.- Series G		1,757,213		0.2
					10,034,373		1.3
		Total Preferred Stock
		(Cost $8,687,026)			13,454,461		1.7
		Total Long-Term Investments
		(Cost $623,040,769)			807,391,455		99.8

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 3.2%
		Securities Lending Collateralcc: 3.0%
	4,773,311	Citigroup, Inc., Repurchase Agreement dated 09/30/15, 0.12%, due 10/01/15 (Repurchase Amount $4,773,327, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-7.000%, Market Value plus accrued interest $4,868,777, due 05/15/18-10/01/45)		4,773,311		0.6

VY® T. Rowe Price Diversified Mid Cap Growth Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value			Percentage of Net Assets
SHORT-TERM INVESTMENTS: (continued)
			Securities Lending Collateralcc (continued)
	5,770,577		Daiwa Capital Markets, Repurchase Agreement dated 09/30/15, 0.20%, due 10/01/15 (Repurchase Amount $5,770,609, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-7.500%, Market Value plus accrued interest $5,885,989, due 10/01/15-09/09/49)	$	5,770,577			0.7
	5,770,577		HSBC Securities USA, Repurchase Agreement dated 09/30/15, 0.11%, due 10/01/15 (Repurchase Amount $5,770,594, collateralized by various U.S. Government Agency Obligations, 0.625%-6.500%, Market Value plus accrued interest $5,886,008, due 12/28/16-10/01/45)		5,770,577			0.7
	5,770,577		Nomura Securities, Repurchase Agreement dated 09/30/15, 0.14%, due 10/01/15 (Repurchase Amount $5,770,599, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-10.500%, Market Value plus accrued interest $5,885,988, due 11/15/15-07/20/65)		5,770,577			0.7
	2,212,069		State of Wisconsin Investment Board, Repurchase Agreement dated 09/30/15, 0.17%, due 10/01/15 (Repurchase Amount $2,212,079, collateralized by various U.S. Government Securities, 0.125%-2.500%, Market Value plus accrued interest $2,257,183, due 01/15/17-02/15/42)		2,212,069			0.3
					24,297,111			3.0
Shares					Value			Percentage of Net Assets
			Mutual Funds: 0.2%
	1,947,415		T. Rowe Price Reserve Investment Fund, 0.100%††
			(Cost $1,947,415)	$	1,947,415			0.2
		Total Short-Term Investments
		(Cost $26,244,526)			26,244,526			3.2
		Total Investments in Securities (Cost $649,285,295)		$	833,635,981			103.0
		Liabilities in Excess of Other Assets			(24,038,570	)		(3.0	)
		Net Assets		$	809,597,411			100.0

†	Unless otherwise indicated, principal amount is shown in USD.
††	Rate shown is the 7-day yield as of September 30, 2015.
@	Non-income producing security.
ADR	American Depositary Receipt
cc	Represents securities purchased with cash collateral received for securities on loan.
L	Loaned security, a portion or all of the security is on loan at September 30, 2015.

Cost for federal income tax purposes is $649,467,353.

Net unrealized appreciation consists of:

Gross Unrealized Appreciation	$	230,243,914
Gross Unrealized Depreciation		(46,075,286	)
Net Unrealized Appreciation	$	184,168,628

VY® T. Rowe Price Diversified Mid Cap Growth Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Common Stock
Consumer Discretionary	$	174,706,829	$	–	$	–	$	174,706,829
Consumer Staples		48,338,785		–		–		48,338,785
Energy		17,623,562		–		–		17,623,562
Financials		69,855,876		–		878,119		70,733,995
Health Care		116,056,786		–		–		116,056,786
Industrials		152,040,895		–		–		152,040,895
Information Technology		151,783,406		–		2,278,661		154,062,067
Materials		46,008,535		–		–		46,008,535
Telecommunication Services		10,713,028		–		–		10,713,028
Utilities		3,652,512		–		–		3,652,512
Total Common Stock		790,780,214		–		3,156,780		793,936,994
Preferred Stock		–		–		13,454,461		13,454,461
Short-Term Investments		1,947,415		24,297,111		–		26,244,526
Total Investments, at fair value	$	792,727,629	$	24,297,111	$	16,611,241	$	833,635,981

The following table presents additional information about valuation techniques and inputs used for investments that are measured at fair value and categorized within Level 3 at September 30, 2015.

Investments, at fair value	Fair Value at September 30, 2015		Valuation Technique(s)	Unobservable Inputs	Range	Impact to Valuation from an Increase in Input
Common Stock	$	2,095,820	Recent Comparable Transaction Price	Discount Factor*	0.00%	Decrease
		1,060,960	Market comparable	Enterprise Value to Sales in Multiple/Price to Free Cash Flow	8x-30x	Increase
	$	3,156,780
Preferred Stock	$	12,532,999	Recent Comparable Transaction Price	Discount Factor*	0.00%	Decrease
		921,462	Market comparable	Enterprise Value to Sales in Multiple/Price to Free Cash Flow	8x-30x	Increase
	$	13,454,461

* No quantitative unobserable inputs were significant to the fair valuation determination at September 30, 2015.

The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolios's assets and liabilities during the period ended September 30, 2015:

	Beginning Balance						Accrued Discounts/		Total Realized		**Net Change in Unrealized Appreciation/		Transfers Into		Transfers Out of		Ending Balance
	12/31/2014		Purchases		Sales		(Premiums)		Gain/(Loss)		(Depreciation)		Level 3		Level 3		9/30/2015
Asset Table
Investments, at fair value
Common Stock*	$	2,427,407	$	303,091	$	-	$	-	$	-	$	426,282	$	-	$	-	$	3,156,780
Preferred Stock*		7,355,179		2,916,100		-		-				3,183,182		-		-		13,454,461
Total Investments, at value	$	9,782,586	$	3,219,191	$	-	$	-	$	-	$	3,609,464	$	-	$	-	$	16,611,241

* A security valued at $845,324 was reclassified from Preferred Stock to Common Stock as of September 30, 2015.

** As of September 30, 2015 total change in unrealized gain (loss) on Level 3 securities still held at period end and included in the change in net assets was $3,609,464.

VY® T. Rowe Price Growth Equity Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 97.3%
			Consumer Discretionary: 27.5%
	182,200		Amazon.com, Inc.	$	93,266,358		5.8
	27,100		Autozone, Inc.		19,615,793		1.2
	247,300		BorgWarner, Inc.		10,285,207		0.6
	204,600		Carmax, Inc.		12,136,872		0.8
	22,000	@	Chipotle Mexican Grill, Inc.		15,845,500		1.0
	89,900	@	Delphi Automotive PLC		6,835,996		0.4
	3,088	@	Flipkart Online Services Pvt. Ltd.		439,237		0.0
	1,054	@	Flipkart Online Services Pvt. Ltd., - Series A		149,921		0.0
	1,862	@	Flipkart Online Services Pvt. Ltd., - Series C		264,851		0.0
	3,462	@	Flipkart Online Services Pvt. Ltd., - Series E		492,435		0.1
	14,029	@	Flipkart Online Services Pvt. Ltd., - Series H		1,995,485		0.1
	541,900		Hanesbrands, Inc.		15,682,586		1.0
	331,400		Hilton Worldwide Holdings, Inc.		7,602,316		0.5
	65,800		Home Depot, Inc.		7,599,242		0.5
	158,400		Las Vegas Sands Corp.		6,014,448		0.4
	269,700		Lowe's Cos, Inc.		18,587,724		1.1
	118,600		Marriott International, Inc.		8,088,520		0.5
	857,060		MGM Resorts International		15,812,757		1.0
	62,200		NetFlix, Inc.		6,422,772		0.4
	149,500		Nike, Inc.		18,384,015		1.1
	210,400	@	Pandora Media, Inc.		4,489,936		0.3
	47,559		Priceline.com, Inc.		58,823,825		3.6
	225,100		Ross Stores, Inc.		10,910,597		0.7
	115,800	@	Royal Caribbean Cruises Ltd.		10,316,622		0.6
	285,100		Starbucks Corp.		16,205,084		1.0
	91,780	@,L	Tesla Motors, Inc.		22,798,152		1.4
	187,900		Tractor Supply Co.		15,843,728		1.0
	768,400	@	Vipshop Holdings Ltd. ADR		12,909,120		0.8
	259,500		Walt Disney Co.		26,520,900		1.6
					444,339,999		27.5
			Consumer Staples: 3.1%
	33,900		Costco Wholesale Corp.		4,900,923		0.3
	159,600		CVS Health Corp.		15,398,208		1.0
	92,800		Estee Lauder Cos., Inc.		7,487,104		0.5
	136,400		Keurig Green Mountain, Inc.		7,111,896		0.4
	177,400		Walgreens Boots Alliance, Inc.		14,741,940		0.9
					49,640,071		3.1
			Energy: 0.6%
	28,600	@	Concho Resources, Inc./Midland TX		2,811,380		0.2
	40,800		EQT Corp.		2,642,616		0.2
	31,200		Pioneer Natural Resources Co.		3,795,168		0.2
					9,249,164		0.6
			Financials: 5.5%
	239,600		American Tower Corp.		21,080,008		1.3
	20,600		Blackrock, Inc.		6,127,882		0.4
	151,212		Crown Castle International Corp.		11,926,090		0.7
	60,400		Intercontinental Exchange, Inc.		14,193,396		0.9
	534,900		Morgan Stanley		16,849,350		1.0
	157,400		State Street Corp.		10,578,854		0.7
	232,900		TD Ameritrade Holding Corp.		7,415,536		0.5
	5,062	@	WeWork Companies, Inc., Classs A		166,487		0.0
					88,337,603		5.5
			Health Care: 20.9%
	195,400		Alexion Pharmaceuticals, Inc.		30,558,606		1.9
	141,831	@	Allergan plc		38,551,084		2.4
	146,600		Anthem, Inc.		20,524,000		1.3
	45,400		Biogen, Inc.		13,248,174		0.8
	76,100	@	BioMarin Pharmaceutical, Inc.		8,014,852		0.5
	259,500		Bristol-Myers Squibb Co.		15,362,400		1.0
	240,516		Celgene Corp.		26,016,616		1.6
	93,000		Cigna Corp.		12,556,860		0.8
	239,400		Gilead Sciences, Inc.		23,506,686		1.5
	84,300		Humana, Inc.		15,089,700		0.9
	122,000		Incyte Corp., Ltd.		13,460,260		0.8
	45,200		Intuitive Surgical, Inc.		20,773,016		1.3
	118,500		McKesson Corp.		21,926,055		1.4
	32,900	@	Regeneron Pharmaceuticals, Inc.		15,303,106		0.9
	163,800		UnitedHealth Group, Inc.		19,002,438		1.2
	184,800	@	Valeant Pharmaceuticals International, Inc. - USD		32,964,624		2.0
	100,300		Vertex Pharmaceuticals, Inc.		10,445,242		0.6
					337,303,719		20.9
			Industrials: 10.4%
	628,300		American Airlines Group, Inc.		24,396,889		1.5
	207,600		Boeing Co.		27,185,220		1.7
	92,700	@	Canadian Pacific Railway Ltd		13,308,939		0.8
	533,500		Danaher Corp.		45,459,535		2.8
	70,500		FedEx Corp.		10,150,590		0.6
	159,800		Flowserve Corp.		6,574,172		0.4
	17,400	@	IHS, Inc.		2,018,400		0.1
	18,800		JB Hunt Transport Services, Inc.		1,342,320		0.1
	103,600		Roper Technologies, Inc.		16,234,120		1.0
	167,440		United Continental Holdings, Inc.		8,882,692		0.6
	149,300		Wabtec Corp.		13,145,865		0.8
					168,698,742		10.4

VY® T. Rowe Price Growth Equity Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			Information Technology: 28.2%
	106,300	@	Akamai Technologies, Inc.	$	7,341,078		0.5
	208,392	@	Alibaba Group Holding Ltd. ADR		12,288,876		0.8
	351,200		Apple, Inc.		38,737,360		2.4
	53,200	@	ASML Holding NV-NY REG		4,680,536		0.3
	143,343	@	Dropbox, Inc. - Class A		2,738,023		0.2
	487,700	@	Facebook, Inc.		43,844,230		2.7
	136,100		Fiserv, Inc.		11,787,621		0.7
	78,450		Google, Inc. - Class A		50,080,126		3.1
	75,671		Google, Inc. - Class C		46,039,750		2.8
	94,900	@	LinkedIn Corp.		18,043,337		1.1
	84,501	@	LivingSocial.com		7,462		0.0
	490,500		Mastercard, Inc.		44,203,860		2.7
	1,027,400		Microsoft Corp.		45,472,724		2.8
	215,800	@,L	Mobileye NV		9,814,584		0.6
	70,500	@,L	NetSuite, Inc.		5,914,950		0.4
	27,300	@	Palo Alto Networks, Inc.		4,695,600		0.3
	107,600		Red Hat, Inc.		7,734,288		0.5
	333,464		Salesforce.com, Inc.		23,152,406		1.4
	131,900	@	ServiceNow, Inc.		9,160,455		0.6
	1,059,700		Tencent Holdings Ltd.		17,862,929		1.1
	119,500	L	VeriSign, Inc.		8,431,920		0.5
	620,700		Visa, Inc.		43,237,962		2.7
					455,270,077		28.2
			Materials: 1.1%
	94,600		Ashland, Inc.		9,518,652		0.6
	37,100		Martin Marietta Materials, Inc.		5,637,345		0.3
	16,200		Sherwin-Williams Co.		3,609,036		0.2
					18,765,033		1.1
		Total Common Stock
		(Cost $1,210,670,105)			1,571,604,408		97.3
PREFERRED STOCK: 0.7%
			Financials: 0.1%
	45,554	@	WeWork Companies, Inc. - Series E		1,498,251		0.1
			Information Technology: 0.6%
	59,241	@	AirBNB, Inc. - Series D		5,515,005		0.3
	16,058	@	AirBNB, Inc. - Series E		1,494,910		0.1
	16,556	@	Flipkart - Series G		2,354,926		0.2
					9,364,841		0.6
		Total Preferred Stock
		(Cost $7,387,789)			10,863,092		0.7
		Total Long-Term Investments
		(Cost $1,218,057,894)			1,582,467,500		98.0

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 3.1%
		Securities Lending Collateralcc: 2.0%
	6,259,584	Citigroup, Inc., Repurchase Agreement dated 09/30/15, 0.12%, due 10/01/15 (Repurchase Amount $6,259,605, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-7.000%, Market Value plus accrued interest $6,384,776, due 05/15/18-10/01/45)	$	6,259,584		0.4
	7,567,475	Daiwa Capital Markets, Repurchase Agreement dated 09/30/15, 0.20%, due 10/01/15 (Repurchase Amount $7,567,516, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-7.500%, Market Value plus accrued interest $7,718,824, due 10/01/15-09/09/49)		7,567,475		0.5
	7,567,475	HSBC Securities USA, Repurchase Agreement dated 09/30/15, 0.11%, due 10/01/15 (Repurchase Amount $7,567,498, collateralized by various U.S. Government Agency Obligations, 0.625%-6.500%, Market Value plus accrued interest $7,718,851, due 12/28/16-10/01/45)		7,567,475		0.5
	7,567,475	Nomura Securities, Repurchase Agreement dated 09/30/15, 0.14%, due 10/01/15 (Repurchase Amount $7,567,504, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-10.500%, Market Value plus accrued interest $7,718,825, due 11/15/15-07/20/65)		7,567,475		0.4

VY® T. Rowe Price Growth Equity Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: (continued)
		Securities Lending Collateralcc (continued)
	2,900,964	State of Wisconsin Investment Board, Repurchase Agreement dated 09/30/15, 0.17%, due 10/01/15 (Repurchase Amount $2,900,978, collateralized by various U.S. Government Securities, 0.125%-2.500%, Market Value plus accrued interest $2,960,128, due 01/15/17-02/15/42)	$	2,900,964		0.2
				31,862,973		2.0

Shares				Value			Percentage of Net Assets
			Mutual Funds: 1.1%
	17,407,357		T. Rowe Price Reserve Investment Fund, 0.100%††
			(Cost $17,407,357)		17,407,357			1.1
		Total Short-Term Investments
		(Cost $49,270,330)			49,270,330			3.1
		Total Investments in Securities (Cost $1,267,328,224)		$	1,631,737,830			101.1
		Liabilities in Excess of Other Assets			(17,155,547	)		(1.1	)
		Net Assets		$	1,614,582,283			100.0

†	Unless otherwise indicated, principal amount is shown in USD.
††	Rate shown is the 7-day yield as of September 30, 2015.
@	Non-income producing security.
ADR	American Depositary Receipt
cc	Represents securities purchased with cash collateral received for securities on loan.
L	Loaned security, a portion or all of the security is on loan at September 30, 2015.

Cost for federal income tax purposes is $1,269,262,723.

Net unrealized appreciation consists of:

Gross Unrealized Appreciation	$	402,880,689
Gross Unrealized Depreciation		(40,405,582	)
Net Unrealized Appreciation	$	362,475,107

VY® T. Rowe Price Growth Equity Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs# (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Common Stock
Consumer Discretionary	$	440,998,070	$	–	$	3,341,929	$	444,339,999
Consumer Staples		49,640,071		–		–		49,640,071
Energy		9,249,164		–		–		9,249,164
Financials		88,171,116		–		166,487		88,337,603
Health Care		337,303,719		–		–		337,303,719
Industrials		168,698,742		–		–		168,698,742
Information Technology		434,661,663		17,862,929		2,745,485		455,270,077
Materials		18,765,033		–		–		18,765,033
Total Common Stock		1,547,487,578		17,862,929		6,253,901		1,571,604,408
Preferred Stock		–		–		10,863,092		10,863,092
Short-Term Investments		17,407,357		31,862,973		–		49,270,330
Total Investments, at fair value	$	1,564,894,935	$	49,725,902	$	17,116,993	$	1,631,737,830

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

The following table presents additional information about valuation techniques and inputs used for investments that are measured at fair value and categorized within Level 3 at September 30, 2015.

Investments, at fair value	Fair Value at September 30, 2015		Valuation Technique(s)	Unobservable Inputs	Range	Impact to Valuation from an Increase in Input
Common Stock	$	6,253,901	Recent Comparable Transaction Price	Discount Factor*	0.00%	Decrease
Preferred Stock	$	10,863,092	Recent Comparable Transaction Price	Discount Factor*	0.00%	Decrease

* No quantitative unobserable inputs were significant to the fair valuation determination at September 30, 2015.

The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolios's assets and liabilities during the period ended September 30, 2015:

	Beginning Balance						Accrued Discounts/		Total Realized		**Net Change in Unrealized Appreciation/		Transfers Into		Transfers Out of		Ending Balance
	12/31/2014		Purchases		Sales		(Premiums)		Gain/(Loss)		(Depreciation)		Level 3		Level 3		9/30/2015
Asset Table
Investments, at fair value
Common Stock*	$	2,759,993	$	3,241,092	$	-	$	-	$	-	$	252,816	$	-	$	-	$	6,253,901
Preferred Stock*		4,394,627		2,993,161		-		-				3,475,304		-		-		10,863,092
Total Investments, at value	$	7,154,620	$	6,234,253	$	-	$	-	$	-	$	3,728,120	$	-	$	-	$	17,116,993

* A security valued at $2,738,023 was reclassified from Preferred Stock to Common Stock as of September 30, 2015.

** As of September 30, 2015 total change in unrealized gain (loss) on Level 3 securities still held at period end and included in the change in net assets was $3,728,120.

VY® Templeton Foreign Equity Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited)

Shares				Value		Percentage of Net Assets
COMMON STOCK: 96.8%
			Brazil: 0.2%
	345,617	@,L	Petroleo Brasileiro SA ADR	$	1,503,434		0.2
			China: 6.1%
	2,585,000		China Life Insurance Co., Ltd.		9,007,117		1.2
	774,500		China Mobile Ltd.		9,270,580		1.3
	21,246,000		China Telecom Corp., Ltd.		10,294,078		1.4
	4,266,600	L	CRRC Corp. Ltd		5,441,017		0.8
	4,230,000		Kunlun Energy Co. Ltd.		3,039,386		0.4
	1,368,800		Sinopharm Group Co.		4,814,546		0.7
	2,352,000		Weichai Power Co. Ltd.		2,200,499		0.3
					44,067,223		6.1
			France: 13.1%
	473,266		AXA S.A.		11,490,469		1.6
	273,888		BNP Paribas		16,124,997		2.2
	191,520		Cie de Saint-Gobain		8,312,081		1.1
	120,314		Cie Generale des Etablissements Michelin		11,008,118		1.5
	638,860		Credit Agricole SA		7,355,057		1.0
	137,452		GDF Suez		2,224,052		0.3
	198,581		Sanofi		18,905,032		2.6
	103,640		Technip S.A.		4,904,649		0.7
	242,964		Total S.A.		10,929,277		1.5
	177,530		Vivendi		4,206,011		0.6
					95,459,743		13.1
			Germany: 11.8%
	114,661		Bayer AG		14,710,903		2.0
	98,550		Deutsche Boerse AG		8,499,394		1.2
	144,348		Deutsche Post AG		3,998,895		0.5
	156,915		HeidelbergCement AG		10,775,716		1.5
	569,995		Infineon Technologies AG		6,404,176		0.9
	74,860		Lanxess		3,505,190		0.5
	119,938		Merck KGaA		10,618,926		1.5
	193,800		Metro AG		5,362,071		0.7
	42,620		Morphosys AG		2,841,830		0.4
	34,327		Muenchener Rueckversicherungs-Gesellschaft AG		6,411,101		0.9
	58,986		SAP SE		3,821,352		0.5
	95,240		Siemens AG		8,508,499		1.2
					85,458,053		11.8
			Hong Kong: 2.7%
	973,900		AIA Group Ltd.		5,065,011		0.7
	485,640		Cheung Kong Property Holdings Ltd.		3,557,956		0.5
	228,400	@	CK Hutchison Holdings Ltd. ADR		2,971,484		0.4
	485,640		CK Hutchison Holdings Ltd.		6,317,029		0.8
	6,871,000	L	Noble Group Ltd.		2,010,486		0.3
					19,921,966		2.7
			India: 1.3%
	496,486		Housing Development Finance Corp.		9,198,652		1.3
			Israel: 2.0%
	253,929	@	Teva Pharmaceutical Industries Ltd. ADR		14,336,831		2.0
			Italy: 3.6%
	680,187		ENI S.p.A.		10,699,632		1.5
	1,637,488		Intesa Sanpaolo SpA - ISP		5,784,784		0.8
	1,493,810		UniCredit SpA		9,312,758		1.3
					25,797,174		3.6
			Japan: 6.5%
	486,200		Itochu Corp.		5,139,734		0.7
	1,282,100		Nissan Motor Co., Ltd.		11,788,395		1.6
	148,400		SoftBank Group Corp.		6,861,988		0.9
	240,400		Suntory Beverage & Food Ltd.		9,235,945		1.3
	1,397,000		Toshiba Corp.		3,519,404		0.5
	181,600		Toyota Motor Corp.		10,632,302		1.5
					47,177,768		6.5
			Netherlands: 5.6%
	169,578		Akzo Nobel NV		11,029,287		1.5
	216,195		Koninklijke Philips NV		5,086,415		0.7
	150,904		Qiagen NV		3,892,611		0.5
	360,976		Royal Dutch Shell PLC - Class B		8,535,344		1.2
	374,301	L	SBM Offshore NV		4,751,853		0.7
	999,220		TNT Express NV		7,625,088		1.0
					40,920,598		5.6
			Norway: 2.3%
	485,530		Subsea 7 SA		3,654,777		0.5
	166,074		Statoil ASA		2,421,208		0.3
	573,623		Telenor ASA		10,719,048		1.5
					16,795,033		2.3
			Portugal: 0.8%
	564,750		Galp Energia SGPS SA		5,572,875		0.8
			Russia: 0.4%
	226,203	@	MMC Norilsk Nickel PJSC ADR		3,250,537		0.4
			Singapore: 2.8%
	886,582		DBS Group Holdings Ltd.		10,119,750		1.4
	3,902,000		Singapore Telecommunications Ltd.		9,876,413		1.4
					19,996,163		2.8
			South Korea: 5.3%
	171,216		Hana Financial Group, Inc.		3,825,380		0.5
	35,481		Hyundai Mobis		6,942,459		1.0
	247,680	@	KB Financial Group, Inc. ADR		7,279,315		1.0
	58,716	@	POSCO ADR		2,056,234		0.3
	17,817		POSCO		2,519,235		0.3

VY® Templeton Foreign Equity Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
			South Korea: (continued)
	34,081	@	Samsung Electronics Co., Ltd. GDR	$	16,117,862		2.2
					38,740,485		5.3
			Spain: 2.0%
	178,256		Repsol YPF S.A.		2,079,040		0.3
	1,007,321		Telefonica S.A.		12,220,872		1.7
					14,299,912		2.0
			Sweden: 1.4%
	364,710		Telefonaktiebolaget LM Ericsson		3,577,669		0.5
	282,620		Getinge AB		6,307,959		0.9
					9,885,628		1.4
			Switzerland: 7.3%
	553,081		Credit Suisse Group AG		13,294,320		1.8
	1,905,170		Glencore PLC		2,644,490		0.3
	85,617		Novartis AG		7,869,220		1.1
	64,826		Roche Holding AG		17,209,459		2.4
	142,055		Swiss Re Ltd.		12,187,914		1.7
					53,205,403		7.3
			Taiwan: 0.5%
	948,251		Taiwan Semiconductor Manufacturing Co., Ltd.		3,800,284		0.5
			Thailand: 0.7%
	1,168,800		Bangkok Bank PCL - Foreign Reg		5,133,968		0.7
			United Kingdom: 20.4%
	1,446,095		Aviva PLC		9,890,636		1.4
	1,403,493		BAE Systems PLC		9,513,682		1.3
	2,345,820		Barclays PLC		8,681,362		1.2
	1,724,774		BP PLC		8,750,393		1.2
	609,930		Sky PLC		9,649,694		1.3
	467,768		CRH PLC - London		12,347,127		1.7
	821,996		GlaxoSmithKline PLC		15,777,258		2.2
	1,466,000		HSBC Holdings PLC		11,008,147		1.5
	2,163,454		Kingfisher PLC		11,752,361		1.6
	7,476,467		Lloyds Banking Group Plc		8,511,636		1.2
	1,471,390		Marks & Spencer Group PLC		11,168,955		1.5
	430,980		Petrofac Ltd.		5,019,382		0.7
	702,723		Rexam PLC		5,579,384		0.8
	475,511		Standard Chartered PLC		4,614,792		0.6
	2,612,090		Tesco PLC		7,255,304		1.0
	2,762,541		Vodafone Group PLC		8,713,260		1.2
					148,233,373		20.4
		Total Common Stock
		(Cost $639,616,832)			702,755,103		96.8

Principal Amount†				Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 3.3%
			U.S. Government Agency Obligations: 1.8%
	7,000,000	Z	Farmer Mac, 0.070%, 10/01/15		7,000,000		1.0
	6,000,000	Z	Freddie Mac, 0.070%, 10/01/15		6,000,000		0.8
					13,000,000		1.8
			Securities Lending Collateralcc: 1.5%
	2,539,892		BNP Paribas Bank, Repurchase Agreement dated 09/30/15, 0.11%, due 10/01/15 (Repurchase Amount $2,539,900, collateralized by various U.S. Government Agency Obligations, 0.250%-7.500%, Market Value plus accrued interest $2,590,693, due 08/01/16-10/01/45)		2,539,892		0.3
	2,539,892		Citigroup, Inc., Repurchase Agreement dated 09/30/15, 0.12%, due 10/01/15 (Repurchase Amount $2,539,900, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-7.000%, Market Value plus accrued interest $2,590,690, due 05/15/18-10/01/45)		2,539,892		0.3
	2,539,892		HSBC Securities USA, Repurchase Agreement dated 09/30/15, 0.10%, due 10/01/15 (Repurchase Amount $2,539,899, collateralized by various U.S. Government Agency Obligations, 0.000%-7.250%, Market Value plus accrued interest $2,590,691, due 11/15/15-07/15/37)		2,539,892		0.4
	2,539,892		Millenium Fixed Income Ltd., Repurchase Agreement dated 09/30/15, 0.15%, due 10/01/15 (Repurchase Amount $2,539,902, collateralized by various U.S. Government Securities, 1.500%-3.625%, Market Value plus accrued interest $2,590,690, due 11/30/19-02/15/44)		2,539,892		0.4

VY® Templeton Foreign Equity Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Principal Amount†				Value			Percentage of Net Assets
SHORT-TERM INVESTMENTS: (continued)
			Securities Lending Collateralcc (continued)
	534,613		Royal Bank of Scotland PLC, Repurchase Agreement dated 09/30/15, 0.09%, due 10/01/15 (Repurchase Amount $534,614, collateralized by various U.S. Government Securities, 0.094%-3.625%, Market Value plus accrued interest $545,307, due 01/31/16-02/15/44)	$	534,613			0.1
					10,694,181			1.5
		Total Short-Term Investments
		(Cost $23,694,181)			23,694,181			3.3
		Total Investments in Securities (Cost $663,311,013)		$	726,449,284			100.1
		Liabilities in Excess of Other Assets			(659,102	)		(0.1	)
		Net Assets		$	725,790,182			100.0

†	Unless otherwise indicated, principal amount is shown in USD.
@	Non-income producing security.
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
cc	Represents securities purchased with cash collateral received for securities on loan.
L	Loaned security, a portion or all of the security is on loan at September 30, 2015.
Z	Indicates Zero Coupon Bond; rate shown reflects current effective yield.

Cost for federal income tax purposes is $665,308,318.

Net unrealized appreciation consists of:

Gross Unrealized Appreciation	$	154,811,277
Gross Unrealized Depreciation		(93,670,311	)
Net Unrealized Appreciation	$	61,140,966

Sector Diversification	Percentage of Net Assets
Financials		26.1	%
Health Care		16.3
Energy		10.0
Telecommunication Services		10.0
Consumer Discretionary		10.0
Industrials		9.2
Materials		7.3
Information Technology		4.6
Consumer Staples		3.0
Utilities		0.3
U.S. Government Agency Obligations		1.0
Short-Term Investments		2.3
Liabilities in Excess of Other Assets		(0.1	)
Net Assets		100.0	%

VY® Templeton Foreign Equity Portfolio PORTFOLIO OF INVESTMENTS
as of September 30, 2015 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of September 30, 2015 in valuing the assets and liabilities:

	Quoted Prices in Active Markets for Identical Investments (Level 1)		Significant Other Observable Inputs# (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2015
Asset Table
Investments, at fair value
Common Stock
Brazil	$	1,503,434	$	–	$	–	$	1,503,434
China		–		44,067,223		–		44,067,223
France		–		95,459,743		–		95,459,743
Germany		–		85,458,053		–		85,458,053
Hong Kong		–		19,921,966		–		19,921,966
India		–		9,198,652		–		9,198,652
Israel		14,336,831		–		–		14,336,831
Italy		–		25,797,174		–		25,797,174
Japan		–		47,177,768		–		47,177,768
Netherlands		–		40,920,598		–		40,920,598
Norway		–		16,795,033		–		16,795,033
Portugal		–		5,572,875		–		5,572,875
Russia		3,250,537		–		–		3,250,537
Singapore		–		19,996,163		–		19,996,163
South Korea		9,335,549		29,404,936		–		38,740,485
Spain		–		14,299,912		–		14,299,912
Sweden		–		9,885,628		–		9,885,628
Switzerland		–		53,205,403		–		53,205,403
Taiwan		–		3,800,284		–		3,800,284
Thailand		–		5,133,968		–		5,133,968
United Kingdom		–		148,233,373		–		148,233,373
Total Common Stock		28,426,351		674,328,752		–		702,755,103
Short-Term Investments		–		23,694,181		–		23,694,181
Total Investments, at fair value	$	28,426,351	$	698,022,933	$	–	$	726,449,284

# 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.

Quarterly Holdings Report

for

Fidelity^® Variable Insurance Products:

Contrafund Portfolio

September 30, 2015

Investments September 30, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks – 98.4%
	Shares		Value
CONSUMER DISCRETIONARY – 14.6%
Automobiles – 0.3%
Tesla Motors, Inc. (a)		232,300	$	57,703,320
Diversified Consumer Services – 0.5%
2U, Inc. (a)		281,900		10,120,210
H&R Block, Inc.		2,112,660		76,478,292
New Oriental Education & Technology Group, Inc. sponsored ADR		105,800		2,138,218
				88,736,720
Hotels, Restaurants & Leisure – 3.8%
ARAMARK Holdings Corp.		199,502		5,913,239
Extended Stay America, Inc. unit		4,049,557		67,951,566
McDonald’s Corp.		3,089,484		304,406,859
Panera Bread Co. Class A (a)		398,246		77,024,759
Starbucks Corp.		2,855,000		162,278,200
Wynn Resorts Ltd. (b)		1,092,178		58,016,495
				675,591,118
Internet & Catalog Retail – 2.6%
Amazon.com, Inc. (a)		164,900		84,410,661
Groupon, Inc. Class A (a)		1,304,500		4,252,670
Liberty Interactive Corp. Qvc G Series A (a)		5,333,452		139,896,446
Priceline Group, Inc. (a)		110,957		137,238,275
Travelport Worldwide Ltd.		6,053,205		80,023,370
Vipshop Holdings Ltd. ADR (a)		1,064,400		17,881,920
				463,703,342
Media – 2.8%
Bona Film Group Ltd. sponsored ADR (a)		720,588		8,582,203
Comcast Corp. Class A		4,809,700		273,575,736
DreamWorks Animation SKG, Inc. Class A (a)(b)		1,851,121		32,302,061
Legend Pictures LLC (a)(c)(d)		2,062		4,527,472
Manchester United PLC		1,849,700		31,759,349
Msg Network, Inc. Class A (a)		1,847,844		133,303,466
Weinstein Co. Holdings LLC Class A-1 (a)(c)(d)		11,499		3,955,656
				488,005,943
Multiline Retail – 1.7%
B&M European Value Retail S.A.		15,805,466		77,802,225
Dollar General Corp.		3,108,620		225,188,433
				302,990,658
Specialty Retail – 1.5%
AutoZone, Inc. (a)		48,362		35,005,866
Michaels Companies, Inc. (a)		3,211,350		74,182,185
TJX Companies, Inc.		2,199,607		157,095,932
				266,283,983
Textiles, Apparel & Luxury Goods – 1.4%
lululemon athletica, Inc. (a)		770,662		39,034,030
NIKE, Inc. Class B		1,641,764		201,887,719
				240,921,749
TOTAL CONSUMER DISCRETIONARY				2,583,936,833
CONSUMER STAPLES – 9.9%
Beverages – 2.2%
Anheuser-Busch InBev SA NV		211,071		22,448,572

	Shares		Value
Constellation Brands, Inc. Class A (sub. vtg.)		495,200	$	62,003,992
Monster Beverage Corp. (a)		419,510		56,692,581
The Coca-Cola Co.		6,254,106		250,914,733
				392,059,878
Food & Staples Retailing – 2.2%
CVS Health Corp.		1,969,364		190,004,239
Kroger Co.		2,971,264		107,173,492
Sprouts Farmers Market LLC (a)		887,200		18,719,920
United Natural Foods, Inc. (a)		49,084		2,381,065
Wal-Mart Stores, Inc.		279,576		18,127,708
Whole Foods Market, Inc.		1,578,475		49,958,734
				386,365,158
Food Products – 1.2%
Blue Buffalo Pet Products, Inc. (a)(b)		323,600		5,795,676
Keurig Green Mountain, Inc.		1,126,133		58,716,575
Mead Johnson Nutrition Co. Class A		1,124,989		79,199,226
Nestle SA		251,417		18,907,989
The Hershey Co.		473,590		43,513,449
				206,132,915
Household Products – 1.4%
Colgate-Palmolive Co.		2,380,800		151,085,568
Procter & Gamble Co.		1,257,084		90,434,623
				241,520,191
Personal Products – 0.3%
Estee Lauder Companies, Inc. Class A		472,554		38,125,657
Nu Skin Enterprises, Inc. Class A		396,500		16,367,520
				54,493,177
Tobacco – 2.6%
Altria Group, Inc.		3,997,554		217,466,938
British American Tobacco PLC sponsored ADR		1,811,079		199,363,576
Philip Morris International, Inc.		652,600		51,770,758
Reynolds American, Inc.		40,936		1,812,237
				470,413,509
TOTAL CONSUMER STAPLES				1,750,984,828
ENERGY – 6.9%
Energy Equipment & Services – 1.5%
Baker Hughes, Inc.		741,600		38,592,864
Dril-Quip, Inc. (a)		221,692		12,906,908
Halliburton Co.		1,138,082		40,231,199
Independence Contract Drilling, Inc. (a)		1,168,194		5,817,606
Oceaneering International, Inc.		479,162		18,821,483
Schlumberger Ltd.		2,231,200		153,885,864
				270,255,924
Oil, Gas & Consumable Fuels – 5.4%
Anadarko Petroleum Corp.		2,092,605		126,372,416
Apache Corp.		727,800		28,500,648
Black Stone Minerals LP		1,170,300		16,150,140
Cabot Oil & Gas Corp.		1,752,735		38,314,787
Chevron Corp.		1,715,000		135,279,200
Cimarex Energy Co.		254,300		26,060,664
Columbia Pipeline Group, Inc.		567,277		10,375,496
EOG Resources, Inc.		819,574		59,664,987

 Quarterly Report 2 

Common Stocks – continued
	Shares		Value
ENERGY – continued
Oil, Gas & Consumable Fuels – continued
Exxon Mobil Corp.		1,736,102	$	129,079,184
Kinder Morgan, Inc.		404,900		11,207,632
Memorial Resource Development Corp. (a)		1,529,300		26,885,094
Noble Energy, Inc.		2,580,600		77,882,508
Parsley Energy, Inc. Class A (a)		1,567,537		23,622,783
Phillips 66 Co.		1,019,239		78,318,325
Pioneer Natural Resources Co.		414,700		50,444,108
PrairieSky Royalty Ltd. (b)		836,350		15,893,470
SM Energy Co.		999,900		32,036,796
Suncor Energy, Inc.		2,433,595		65,084,305
Synergy Resources Corp. (a)		676,200		6,626,760
				957,799,303
TOTAL ENERGY				1,228,055,227
FINANCIALS – 15.6%
Banks – 6.5%
Bank of America Corp.		14,318,814		223,087,122
Citigroup, Inc.		5,590,250		277,332,303
Huntington Bancshares, Inc.		3,138,181		33,264,719
JPMorgan Chase & Co.		5,438,406		331,579,614
Regions Financial Corp.		3,301,400		29,745,614
Synovus Financial Corp.		950,023		28,120,681
U.S. Bancorp		3,427,144		140,547,175
Wells Fargo & Co.		1,669,900		85,749,365
				1,149,426,593
Capital Markets – 1.8%
Artisan Partners Asset Management, Inc.		368,177		12,970,876
BlackRock, Inc. Class A		205,413		61,104,205
E*TRADE Financial Corp. (a)		1,456,278		38,343,800
Goldman Sachs Group, Inc.		747,600		129,902,976
Invesco Ltd.		736,857		23,012,044
Northern Trust Corp.		503,164		34,295,658
Oaktree Capital Group LLC Class A		331,134		16,391,133
The Blackstone Group LP		241,537		7,649,477
				323,670,169
Consumer Finance – 2.1%
Capital One Financial Corp.		3,721,448		269,879,409
Navient Corp.		2,045,576		22,992,274
SLM Corp. (a)		4,491,676		33,238,402
Springleaf Holdings, Inc. (a)		912,800		39,907,616
				366,017,701
Diversified Financial Services – 1.0%
Berkshire Hathaway, Inc.:
Class A (a)		47		9,176,280
Class B (a)		768,800		100,251,520
IntercontinentalExchange, Inc.		218,509		51,347,430
KBC Ancora		450,178		17,314,255
				178,089,485
Insurance – 1.8%
Direct Line Insurance Group PLC		6,819,991		38,678,213
Fairfax Financial Holdings Ltd. (sub. vtg.)		21,700		9,882,321

	Shares		Value
Marsh & McLennan Companies, Inc.		984,170	$	51,393,357
MetLife, Inc.		1,382,487		65,184,262
Principal Financial Group, Inc.		504,700		23,892,498
The Chubb Corp.		846,800		103,860,020
Unum Group		640,900		20,560,072
				313,450,743
Real Estate Investment Trusts – 2.1%
Altisource Residential Corp. Class B		1,916,082		26,671,861
American Tower Corp.		242,100		21,299,958
Boston Properties, Inc.		383,800		45,441,920
Care Capital Properties, Inc.		200,350		6,597,526
Crown Castle International Corp.		107,900		8,510,073
Digital Realty Trust, Inc.		804,400		52,543,408
Duke Realty LP		1,674,900		31,906,845
Extra Space Storage, Inc.		209,200		16,141,872
FelCor Lodging Trust, Inc.		1,352,900		9,565,003
Outfront Media, Inc.		587,014		12,209,891
Store Capital Corp.		1,444,700		29,847,502
Sun Communities, Inc.		755,769		51,210,907
Ventas, Inc.		796,000		44,623,760
VEREIT, Inc.		2,582,800		19,939,216
				376,509,742
Real Estate Management & Development – 0.3%
CBRE Group, Inc. (a)		1,718,889		55,004,448
TOTAL FINANCIALS				2,762,168,881
HEALTH CARE – 14.7%
Biotechnology – 4.2%
Alexion Pharmaceuticals, Inc. (a)		523,932		81,937,725
Amgen, Inc.		1,048,020		144,962,126
Baxalta, Inc.		1,293,700		40,764,487
Biogen, Inc. (a)		231,231		67,475,518
BioMarin Pharmaceutical, Inc. (a)		363,193		38,251,487
Celgene Corp. (a)		1,264,700		136,802,599
Gilead Sciences, Inc.		1,919,061		188,432,600
Vertex Pharmaceuticals, Inc. (a)		499,500		52,017,930
				750,644,472
Health Care Equipment & Supplies – 2.8%
Boston Scientific Corp. (a)		7,962,549		130,665,429
Edwards Lifesciences Corp. (a)		326,942		46,481,344
Medtronic PLC		3,264,390		218,518,267
The Cooper Companies, Inc.		262,120		39,019,183
Zimmer Biomet Holdings, Inc.		664,100		62,378,913
				497,063,136
Health Care Providers & Services – 3.1%
Brookdale Senior Living, Inc. (a)		379,733		8,718,670
Cigna Corp.		879,126		118,699,593
HCA Holdings, Inc. (a)		959,614		74,235,739
Henry Schein, Inc. (a)		492,941		65,423,130
McKesson Corp.		663,400		122,748,902
UnitedHealth Group, Inc.		1,378,000		159,861,780
				549,687,814
Life Sciences Tools & Services – 0.8%
Agilent Technologies, Inc.		1,361,700		46,747,161

3  Quarterly Report 

Investments (Unaudited) – continued

Common Stocks – continued
	Shares		Value
HEALTH CARE – continued
Life Sciences Tools & Services – continued
Fluidigm Corp. (a)(d)		312,345	$	2,533,118
Thermo Fisher Scientific, Inc.		670,613		82,002,558
				131,282,837
Pharmaceuticals – 3.8%
AbbVie, Inc.		1,366,621		74,357,849
Allergan PLC (a)		744,352		202,322,317
Bristol-Myers Squibb Co.		3,318,705		196,467,336
Endo Health Solutions, Inc. (a)		869,900		60,266,672
Horizon Pharma PLC (a)		1,448,700		28,713,234
Shire PLC		422,474		28,881,156
Teva Pharmaceutical Industries Ltd. sponsored ADR		1,447,900		81,748,434
				672,756,998
TOTAL HEALTH CARE				2,601,435,257
INDUSTRIALS – 9.2%
Aerospace & Defense – 0.9%
TransDigm Group, Inc. (a)		774,589		164,530,449
Electrical Equipment – 1.7%
AMETEK, Inc.		5,727,949		299,686,292
Industrial Conglomerates – 3.9%
Danaher Corp.		4,435,121		377,916,660
Roper Industries, Inc.		2,046,840		320,739,828
				698,656,488
Machinery – 1.1%
Colfax Corp. (a)(b)		1,715,660		51,315,391
Deere & Co. (b)		512,027		37,889,998
WABCO Holdings, Inc. (a)		546,000		57,237,180
Wabtec Corp.		608,250		53,556,413
				199,998,982
Road & Rail – 1.0%
eHi Car Service Co. Ltd. sponsored ADR		40		464
J.B. Hunt Transport Services, Inc.		2,475,657		176,761,910
				176,762,374
Trading Companies & Distributors – 0.6%
AerCap Holdings NV (a)		143,200		5,475,968
HD Supply Holdings, Inc. (a)		3,227,921		92,383,099
				97,859,067
TOTAL INDUSTRIALS				1,637,493,652
INFORMATION TECHNOLOGY – 18.8%
Communications Equipment – 1.5%
Cisco Systems, Inc.		2,662,839		69,899,524
QUALCOMM, Inc.		3,578,829		192,290,482
				262,190,006
Electronic Equipment & Components – 0.1%
Trimble Navigation Ltd. (a)		1,275,585		20,945,106
Internet Software & Services – 5.6%
58.com, Inc. ADR (a)		306,255		14,409,298
Alibaba Group Holding Ltd. sponsored ADR (b)		2,902,400		171,154,528
Cvent, Inc. (a)		1,779,131		59,885,549

	Shares		Value
Facebook, Inc. Class A (a)		2,198,976	$	197,687,942
Google, Inc. Class C		716,136		435,711,465
HomeAway, Inc. (a)		404,762		10,742,383
Just Dial Ltd.		814,351		12,254,278
Opower, Inc. (a)(b)(e)		2,844,061		25,340,584
Tencent Holdings Ltd.		800		13,485
Yahoo!, Inc. (a)		521,900		15,088,129
Youku Tudou, Inc. ADR (a)		2,888,023		50,915,845
				993,203,486
IT Services – 0.7%
Alliance Data Systems Corp. (a)		88,100		22,816,138
Fidelity National Information Services, Inc.		461,400		30,950,712
Global Payments, Inc.		249,000		28,567,770
Sabre Corp.		1,222,744		33,234,182
Worldline SA (a)(f)		548,900		14,045,506
				129,614,308
Semiconductors & Semiconductor Equipment – 3.2%
Analog Devices, Inc.		988,000		55,733,080
Atmel Corp.		6,347,719		51,226,092
Avago Technologies Ltd.		152,100		19,014,021
Broadcom Corp. Class A		896,500		46,106,995
Intersil Corp. Class A		1,924,124		22,512,251
Marvell Technology Group Ltd.		11,606,100		105,035,205
Maxim Integrated Products, Inc.		630,600		21,062,040
Micron Technology, Inc. (a)		1,881,900		28,190,862
NVIDIA Corp.		857,200		21,129,980
Qorvo, Inc. (a)		3,849,854		173,435,923
Semtech Corp. (a)		927,300		14,002,230
				557,448,679
Software – 3.2%
Activision Blizzard, Inc.		485,200		14,987,828
Adobe Systems, Inc. (a)		720,229		59,217,228
Autodesk, Inc. (a)		1,944,600		85,834,644
Electronic Arts, Inc. (a)		1,846,300		125,086,825
Fleetmatics Group PLC (a)		388,889		19,090,561
Imperva, Inc. (a)		657,447		43,049,630
Microsoft Corp.		1,967,013		87,059,995
RealPage, Inc. (a)		58,703		975,644
Salesforce.com, Inc. (a)		1,333,857		92,609,692
Varonis Systems, Inc. (a)(b)		762,445		11,878,893
Zendesk, Inc. (a)		1,210,300		23,855,013
				563,645,953
Technology Hardware, Storage & Peripherals – 4.5%
Apple, Inc.		5,205,592		574,176,795
Electronics for Imaging, Inc. (a)		637,806		27,604,244
Hewlett-Packard Co.		4,356,700		111,575,087
SanDisk Corp.		521,600		28,338,528
Western Digital Corp.		752,900		59,810,376
				801,505,030
TOTAL INFORMATION TECHNOLOGY				3,328,552,568
MATERIALS – 3.5%
Chemicals – 2.9%
Ashland, Inc.		126,000		12,678,120
CF Industries Holdings, Inc.		356,800		16,020,320

 Quarterly Report 4 

Common Stocks – continued
	Shares		Value
MATERIALS – continued
Chemicals – continued
E.I. du Pont de Nemours & Co.		1,292,200	$	62,284,040
Eastman Chemical Co.		763,341		49,403,430
Ecolab, Inc.		1,633,700		179,249,564
LyondellBasell Industries NV Class A		638,024		53,185,681
Monsanto Co.		847,176		72,298,000
PPG Industries, Inc.		456,700		40,048,023
W.R. Grace & Co. (a)		300,622		27,972,877
				513,140,055
Construction Materials – 0.2%
Eagle Materials, Inc.		403,600		27,614,312
Containers & Packaging – 0.4%
Graphic Packaging Holding Co.		1,538,533		19,677,837
WestRock Co.		981,640		50,495,562
				70,173,399
TOTAL MATERIALS				610,927,766
TELECOMMUNICATION SERVICES – 2.3%
Diversified Telecommunication Services – 2.2%
AT&T, Inc.		4,901,968		159,706,117
Cogent Communications Group, Inc.		375,639		10,202,355
Frontier Communications Corp.		1,317,700		6,259,075
inContact, Inc. (a)		1,547,317		11,620,351
Level 3 Communications, Inc. (a)		801,486		35,016,923
Verizon Communications, Inc.		3,902,168		169,783,330
				392,588,151
Wireless Telecommunication Services – 0.1%
Telephone & Data Systems, Inc.		256,603		6,404,811
TOTAL TELECOMMUNICATION SERVICES				398,992,962
UTILITIES – 2.9%
Electric Utilities – 1.6%
Edison International		684,926		43,198,283
Exelon Corp.		3,101,292		92,108,372
NextEra Energy, Inc.		951,300		92,799,315
PPL Corp.		1,893,772		62,286,161
				290,392,131
Independent Power and Renewable Electricity Producers – 0.2%
NRG Energy, Inc.		1,505,752		22,360,417
NRG Yield, Inc. Class C		505,100		5,864,211
The AES Corp.		42,600		417,054
				28,641,682
Multi-Utilities – 1.1%
Dominion Resources, Inc.		1,070,431		75,336,934
DTE Energy Co.		67,536		5,427,868
NiSource, Inc.		820,877		15,227,268

	Shares		Value
PG&E Corp.		721,434	$	38,091,715
Sempra Energy		697,550		67,467,036
				201,550,821
TOTAL UTILITIES				520,584,634
TOTAL COMMON STOCKS
(Cost $15,170,863,377)				17,423,132,608
Convertible Preferred Stocks – 0.1%
ENERGY – 0.1%
Oil, Gas & Consumable Fuels – 0.1%
Southwestern Energy Co. Series B 6.25%		438,200		13,619,256
INFORMATION TECHNOLOGY – 0.0%
Software – 0.0%
MongoDB, Inc. Series F, 8.00% (a)(d)		299,866		2,314,966
TOTAL CONVERTIBLE PREFERRED STOCKS
(Cost $26,857,798)				15,934,222
U.S. Treasury Obligations – 0.1%
	Principal
	Amount
U.S. Treasury Bills, yield at date of purchase 0.03% to 0.08% 10/22/15 to 11/27/15 (g) (Cost $6,189,617)	$	6,190,000		6,190,042
Money Market Funds – 2.8%
	Shares
Fidelity Cash Central Fund, 0.18% (h)		292,173,711		292,173,711
Fidelity Securities Lending Cash Central Fund, 0.20% (h)(i)		206,772,228		206,772,228
TOTAL MONEY MARKET FUNDS
(Cost $498,945,939)				498,945,939
TOTAL INVESTMENT PORTFOLIO – 101.4%
(Cost $15,702,856,731)				17,944,202,811
NET OTHER ASSETS (LIABILITIES) – (1.4)%				(241,660,448	)
NET ASSETS – 100%			$	17,702,542,363

5  Quarterly Report 

Investments (Unaudited) – continued

 Futures Contracts

	Expiration	Underlying		Unrealized
	Date	Face Amount		Appreciation/
		at Value		(Depreciation)
Purchased
Equity Index Contracts
345 CME E-mini S&P 500 Index Contracts (United States)	Dec. 2015	$	32,925,075	$	(536,485	)

The face value of futures purchased as a percentage of Net Assets is 0.2%

 Quarterly Report 6 

Legend

(a) Non-income producing

(b) Security or a portion of the security is on loan at period end.

(c) Investment is owned by an entity that is treated as a corporation for U.S. tax purposes and is wholly-owned by the Fund.

(d) Restricted securities – Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $13,331,211 or 0.1% of net assets.

(e) Affiliated company

(f) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $14,045,506 or 0.1% of net assets.

(g) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $1,678,010.

(h) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund’s holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund’s financial statements are available on the SEC’s website or upon request.

(i) Investment made with cash collateral received from securities on loan.

Additional information on each restricted holding is as follows:

	Acquisition
Security	Date	Acquisition Cost
Fluidigm Corp.	10/9/07 – 1/6/11	$	5,645,227
Legend Pictures LLC	9/23/10	$	1,549,500
MongoDB, Inc. Series F, 8.00%	10/2/13	$	5,014,998
Weinstein Co. Holdings LLC Class A-1	10/19/05	$	11,499,000

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Cash Central Fund	$	338,655
Fidelity Securities Lending Cash Central Fund		1,097,209
Total	$	1,435,864

Other Affiliated Issuers

An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Fiscal year to date transactions with companies which are or were affiliates are as follows:

	Value,								Value,
	beginning of				Sales		Dividend		end of
Affiliate	period		Purchases		Proceeds		Income		period
Jumei International Holding Ltd. sponsored ADR	$	—	$	47,470,775	$	39,084,426	$	—	$	—
Opower, Inc.		27,573,841		11,073,193		—		—		25,340,584
Total	$	27,573,841	$	58,543,968	$	39,084,426	$	—	$	25,340,584

Investment Valuation

The following is a summary of the inputs used, as of September 30, 2015, involving the Fund’s assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

Valuation Inputs at Reporting Date:

Description	Total		Level 1		Level 2		Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$	2,583,936,833	$	2,575,453,705	$	—	$	8,483,128
Consumer Staples		1,750,984,828		1,709,628,267		41,356,561		—
Energy		1,241,674,483		1,241,674,483		—		—
Financials		2,762,168,881		2,762,168,881		—		—
Health Care		2,601,435,257		2,572,554,101		28,881,156		—
Industrials		1,637,493,652		1,637,493,652		—		—
Information Technology		3,330,867,534		3,316,284,805		12,267,763		2,314,966
Materials		610,927,766		610,927,766		—		—
Telecommunication Services		398,992,962		398,992,962		—		—
Utilities		520,584,634		520,584,634		—		—
U.S. Government and Government Agency Obligations		6,190,042		—		6,190,042		—

7  Quarterly Report 

Investments (Unaudited) – continued

Valuation Inputs at Reporting Date:

Description	Total			Level 1			Level 2		Level 3
Money Market Funds	$	498,945,939		$	498,945,939		$	—	$	—
Total Investments in Securities:	$	17,944,202,811		$	17,844,709,195		$	88,695,522	$	10,798,094
Derivative Instruments:
Liabilities
Futures Contracts	$	(536,485	)	$	(536,485	)	$	—	$	—
Total Liabilities	$	(536,485	)	$	(536,485	)	$	—	$	—
Total Derivative Instruments:	$	(536,485	)	$	(536,485	)	$	—	$	—

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund’s investments to the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee). In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee’s activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund’s investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 – quoted prices in active markets for identical investments: Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 – unobservable inputs (including the Fund’s own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund’s investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker supplied prices.

When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Other Information

Income Tax Information

At September 30, 2015, the cost of investment securities for income tax purposes was $15,777,117,326. Net unrealized appreciation aggregated $2,167,085,485, of which $3,530,245,539 related to appreciated investment securities and $1,363,160,054 related to depreciated investment securities.

For additional information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semiannual or annual shareholder report.

 Quarterly Report 8 

The fund’s schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund’s shareholders. For more information regarding the fund and its holdings, please see the fund’s most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.

9  Quarterly Report 

Quarterly Holdings Report

for

Fidelity^® Variable Insurance Products:

Equity-Income Portfolio

September 30, 2015

Investments September 30, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks – 97.8%
	Shares		Value
CONSUMER DISCRETIONARY – 7.9%
Automobiles – 0.8%
General Motors Co.		1,401,700	$	42,079,034
Hotels, Restaurants & Leisure – 1.5%
Compass Group PLC		33,600		535,223
Dunkin’ Brands Group, Inc.		263,500		12,911,500
McDonald’s Corp. (a)		457,800		45,107,034
Whitbread PLC		7,356		519,445
Yum! Brands, Inc.		223,900		17,900,805
				76,974,007
Household Durables – 0.6%
M.D.C. Holdings, Inc.		458,800		12,011,384
Tupperware Brands Corp.		364,600		18,044,054
				30,055,438
Leisure Products – 0.8%
Mattel, Inc.		1,056,000		22,239,360
New Academy Holding Co. LLC unit (b)(c)(d)		127,200		19,063,464
				41,302,824
Media – 1.5%
Comcast Corp. Class A		1,187,843		67,564,510
Time Warner, Inc.		151,600		10,422,500
				77,987,010
Multiline Retail – 1.9%
Kohl’s Corp.		242,175		11,215,124
Macy’s, Inc.		462,300		23,725,236
Target Corp.		775,160		60,974,086
				95,914,446
Specialty Retail – 0.8%
Foot Locker, Inc.		276,100		19,870,917
GNC Holdings, Inc.		421,000		17,016,820
Stage Stores, Inc.		706,300		6,949,992
				43,837,729
TOTAL CONSUMER DISCRETIONARY				408,150,488
CONSUMER STAPLES – 9.3%
Beverages – 1.5%
Anheuser-Busch InBev SA NV ADR (e)		130,200		13,842,864
Molson Coors Brewing Co. Class B		417,900		34,694,058
The Coca-Cola Co.		667,700		26,788,124
				75,325,046
Food & Staples Retailing – 3.1%
CVS Health Corp.		792,600		76,470,048
Tesco PLC		1,920,600		5,334,648
Wal-Mart Stores, Inc.		743,078		48,181,178
Walgreens Boots Alliance, Inc.		243,907		20,268,672
Whole Foods Market, Inc.		234,600		7,425,090
				157,679,636
Food Products – 1.2%
B&G Foods, Inc. Class A		337,813		12,313,284
Sanderson Farms, Inc. (e)		90,500		6,205,585
The Hershey Co.		497,200		45,682,736
				64,201,605
Household Products – 3.0%
Procter & Gamble Co.		2,174,719		156,449,285

	Shares		Value
Personal Products – 0.2%
Avon Products, Inc.		2,680,000	$	8,710,000
Tobacco – 0.3%
Philip Morris International, Inc.		206,995		16,420,913
TOTAL CONSUMER STAPLES				478,786,485
ENERGY – 9.8%
Energy Equipment & Services – 0.6%
Ensco PLC Class A		567,276		7,987,246
National Oilwell Varco, Inc.		181,806		6,844,996
Oceaneering International, Inc.		157,300		6,178,744
Schlumberger Ltd.		141,400		9,752,358
				30,763,344
Oil, Gas & Consumable Fuels – 9.2%
Anadarko Petroleum Corp.		250,886		15,151,006
Apache Corp.		645,268		25,268,695
Avance Gas Holding Ltd. (e)		411,826		5,248,687
BG Group PLC		1,480,800		21,361,853
BW LPG Ltd.		840,798		5,234,494
Cameco Corp. (e)		318,700		3,885,537
Chevron Corp.		2,167,980		171,010,262
CONSOL Energy, Inc. (e)		788,235		7,724,703
Foresight Energy LP		451,600		2,407,028
Golar LNG Ltd.		130,900		3,649,492
Kinder Morgan, Inc.		861,600		23,849,088
Legacy Reserves LP		1,295,801		5,299,826
Markwest Energy Partners LP		643,729		27,622,411
Noble Energy, Inc.		347,000		10,472,460
Suncor Energy, Inc.		1,935,600		51,765,878
The Williams Companies, Inc. (a)		1,417,249		52,225,626
Williams Partners LP		1,276,856		40,757,244
				472,934,290
TOTAL ENERGY				503,697,634
FINANCIALS – 25.5%
Banks – 12.7%
Bank of America Corp.		3,082,800		48,030,024
BB&T Corp.		126,900		4,517,640
Comerica, Inc.		612,748		25,183,943
First Niagara Financial Group, Inc.		1,599,114		16,326,954
FirstMerit Corp.		973,721		17,205,650
JPMorgan Chase & Co. (a)		3,475,164		211,880,749
KeyCorp		1,316,000		17,121,160
Lloyds Banking Group PLC		4,385,500		4,992,721
M&T Bank Corp. (a)		600,791		73,266,462
Regions Financial Corp.		3,391,600		30,558,316
Standard Chartered PLC (United Kingdom)		1,102,060		10,683,041
SunTrust Banks, Inc.		917,500		35,085,200
U.S. Bancorp (a)		1,859,438		76,255,552
Wells Fargo & Co. (a)		1,625,486		83,468,706
				654,576,118
Capital Markets – 5.3%
Apollo Investment Corp. (e)		2,026,947		11,107,670
Ares Capital Corp.		1,204,095		17,435,296

 Quarterly Report 2

Common Stocks – continued
	Shares		Value
FINANCIALS – continued
Capital Markets – continued
Ares Management LP		503,150	$	8,795,062
KKR & Co. LP		4,136,121		69,404,110
Morgan Stanley		555,475		17,497,463
Pershing Square Holdings Ltd. (b)		111,439		2,397,053
State Street Corp.		800,402		53,795,018
The Blackstone Group LP		2,777,226		87,954,747
TPG Specialty Lending, Inc.		398,000		6,539,140
				274,925,559
Insurance – 5.0%
ACE Ltd. (a)		524,011		54,182,737
MetLife, Inc.		1,830,670		86,316,091
Prudential Financial, Inc.		390,462		29,757,109
The Chubb Corp.		522,700		64,109,155
The Travelers Companies, Inc.		218,345		21,731,878
				256,096,970
Real Estate Investment Trusts – 2.3%
American Capital Agency Corp.		719,848		13,461,158
Annaly Capital Management, Inc.		1,233,509		12,174,734
Care Capital Properties, Inc.		37,747		1,243,009
Coresite Realty Corp.		115,247		5,928,306
Cousins Properties, Inc.		926,300		8,540,486
Crown Castle International Corp.		48,000		3,785,760
Duke Realty LP		764,500		14,563,725
First Potomac Realty Trust		1,276,657		14,043,227
Piedmont Office Realty Trust, Inc. Class A		672,924		12,038,610
Public Storage		26,500		5,608,195
Retail Properties America, Inc.		649,632		9,153,315
Sabra Health Care REIT, Inc.		180,800		4,190,944
Two Harbors Investment Corp.		839,034		7,400,280
Ventas, Inc.		150,990		8,464,499
				120,596,248
Thrifts & Mortgage Finance – 0.2%
Radian Group, Inc.		591,408		9,409,301
TOTAL FINANCIALS				1,315,604,196
HEALTH CARE – 9.8%
Biotechnology – 0.4%
Amgen, Inc.		161,871		22,389,997
Health Care Equipment & Supplies – 1.8%
Baxter International, Inc.		346,600		11,385,810
DENTSPLY International, Inc.		200,500		10,139,285
Medtronic PLC		907,252		60,731,449
St. Jude Medical, Inc. (a)		159,946		10,090,993
				92,347,537
Pharmaceuticals – 7.6%
AbbVie, Inc.		339,800		18,488,518
GlaxoSmithKline PLC		2,308,600		44,311,048
Johnson & Johnson		2,828,168		264,009,482
Pfizer, Inc. (a)		1,005,512		31,583,132

	Shares		Value
Sanofi SA		182,756	$	17,398,391
Teva Pharmaceutical Industries Ltd. sponsored ADR		232,300		13,115,658
				388,906,229
TOTAL HEALTH CARE				503,643,763
INDUSTRIALS – 12.7%
Aerospace & Defense – 2.5%
General Dynamics Corp.		111,700		15,409,015
Raytheon Co.		155,100		16,946,226
The Boeing Co.		305,600		40,018,320
United Technologies Corp.		648,271		57,689,636
				130,063,197
Air Freight & Logistics – 3.3%
C.H. Robinson Worldwide, Inc.		218,328		14,798,272
PostNL NV (b)		4,812,100		17,518,398
United Parcel Service, Inc. Class B		1,366,737		134,883,275
				167,199,945
Airlines – 0.2%
Copa Holdings SA Class A		204,700		8,583,071
Commercial Services & Supplies – 0.5%
KAR Auction Services, Inc.		531,000		18,850,500
Republic Services, Inc.		155,726		6,415,911
				25,266,411
Electrical Equipment – 1.2%
Eaton Corp. PLC		508,400		26,080,920
Emerson Electric Co.		840,103		37,107,350
				63,188,270
Industrial Conglomerates – 4.4%
General Electric Co.		8,980,076		226,477,517
Machinery – 0.5%
Cummins, Inc.		75,200		8,165,216
Deere & Co.		247,700		18,329,800
				26,495,016
Professional Services – 0.1%
Acacia Research Corp.		649,426		5,896,788
TOTAL INDUSTRIALS				653,170,215
INFORMATION TECHNOLOGY – 12.2%
Communications Equipment – 3.1%
Cisco Systems, Inc.		3,663,831		96,175,564
QUALCOMM, Inc.		1,193,139		64,107,358
				160,282,922
Electronic Equipment & Components – 0.4%
Hitachi Ltd.		1,324,000		6,680,944
TE Connectivity Ltd.		244,361		14,634,780
				21,315,724
Internet Software & Services – 0.4%
Yahoo!, Inc. (b)		699,300		20,216,763
IT Services – 2.6%
IBM Corp.		635,423		92,117,272
Paychex, Inc. (a)		915,269		43,594,262
				135,711,534
Semiconductors & Semiconductor Equipment – 1.6%
Applied Materials, Inc.		2,374,300		34,878,467

3  Quarterly Report 

Investments (Unaudited) – continued

Common Stocks – continued
	Shares		Value
INFORMATION TECHNOLOGY – continued
Semiconductors & Semiconductor Equipment – continued
Broadcom Corp. Class A		456,974	$	23,502,173
Maxim Integrated Products, Inc.		722,400		24,128,160
				82,508,800
Software – 1.2%
Microsoft Corp. (a)		1,357,924		60,101,716
Technology Hardware, Storage & Peripherals – 2.9%
EMC Corp.		3,850,800		93,035,328
First Data Holdings, Inc. Class B (b)(d)		6,341,091		28,915,375
Hewlett-Packard Co.		563,100		14,420,991
Seagate Technology LLC		255,700		11,455,360
				147,827,054
TOTAL INFORMATION TECHNOLOGY				627,964,513
MATERIALS – 1.4%
Chemicals – 0.6%
LyondellBasell Industries NV Class A		166,300		13,862,768
Potash Corp. of Saskatchewan, Inc.		718,700		14,772,530
Syngenta AG sponsored ADR		11,300		720,714
Tronox Ltd. Class A		451,800		1,974,366
				31,330,378
Containers & Packaging – 0.5%
Packaging Corp. of America		228,500		13,746,560
WestRock Co.		215,200		11,069,888
				24,816,448
Metals & Mining – 0.3%
Freeport-McMoRan, Inc.		505,278		4,896,144
Nucor Corp.		254,500		9,556,475
				14,452,619
TOTAL MATERIALS				70,599,445
TELECOMMUNICATION SERVICES – 3.9%
Diversified Telecommunication Services – 3.8%
AT&T, Inc.		2,972,293		96,837,306
TDC A/S		1,537,800		7,915,443
Verizon Communications, Inc.		2,083,059		90,633,897
				195,386,646
Wireless Telecommunication Services – 0.1%
KDDI Corp.		195,600		4,378,135
TOTAL TELECOMMUNICATION SERVICES				199,764,781
UTILITIES – 5.3%
Electric Utilities – 5.0%
American Electric Power Co., Inc.		520,171		29,576,923
Entergy Corp.		295,800		19,256,580
Exelon Corp.		2,713,700		80,596,890
NextEra Energy, Inc.		99,783		9,733,832
PPL Corp.		1,636,100		53,811,329
Southern Co.		1,227,777		54,881,632
Xcel Energy, Inc.		259,700		9,195,977
				257,053,163

	Shares		Value
Multi-Utilities – 0.3%
CenterPoint Energy, Inc.		768,500	$	13,863,740
TOTAL UTILITIES				270,916,903
TOTAL COMMON STOCKS (Cost $4,638,330,332)				5,032,298,423
Preferred Stocks – 0.2%
Convertible Preferred Stocks – 0.1%
HEALTH CARE – 0.1%
Pharmaceuticals – 0.1%
Allergan PLC 5.50%		2,325		2,193,545
TELECOMMUNICATION SERVICES – 0.0%
Wireless Telecommunication Services – 0.0%
T-Mobile U.S., Inc. Series A 5.50%		24,485		1,690,934
UTILITIES – 0.0%
Independent Power and Renewable Electricity Producers – 0.0%
Dynegy, Inc. 5.375%		27,600		2,156,112
TOTAL CONVERTIBLE PREFERRED STOCKS				6,040,591
Nonconvertible Preferred Stocks – 0.1%
FINANCIALS – 0.1%
Consumer Finance – 0.1%
Ally Financial, Inc. 7.00% (f)		5,922		5,940,692
TOTAL PREFERRED STOCKS (Cost $10,655,673)				11,981,283
Corporate Bonds – 0.8%
	Principal
	Amount (g)
Convertible Bonds – 0.5%
CONSUMER DISCRETIONARY – 0.1%
Automobiles – 0.1%
Volkswagen International Finance NV 5.5% 11/9/15 (f)	EUR	6,400,000		4,778,753
Household Durables – 0.0%
Jarden Corp. 1.875% 9/15/18	$	1,230,000		1,971,075
TOTAL CONSUMER DISCRETIONARY				6,749,828
ENERGY – 0.2%
Oil, Gas & Consumable Fuels – 0.2%
Amyris, Inc. 3% 2/27/17		1,383,000		1,245,004
Scorpio Tankers, Inc. 2.375% 7/1/19 (f)		7,335,000		7,293,741
				8,538,745

 Quarterly Report 4

Corporate Bonds – continued
	Principal
	Amount (g)		Value
Convertible Bonds – continued
INFORMATION TECHNOLOGY – 0.2%
Communications Equipment – 0.1%
InterDigital, Inc. 1.5% 3/1/20 (f)	$	4,600,000	$	4,427,500
Internet Software & Services – 0.0%
Twitter, Inc. 1% 9/15/21 (f)		3,360,000		2,862,300
Semiconductors & Semiconductor Equipment – 0.1%
GT Advanced Technologies, Inc.:
3% 10/1/17 (h)		3,920,000		705,600
3% 12/15/20 (h)		5,580,000		1,004,400
NXP Semiconductors NV 1%
12/1/19 (f)		1,910,000		2,109,356
				3,819,356
TOTAL INFORMATION TECHNOLOGY				11,109,156
TOTAL CONVERTIBLE BONDS				26,397,729
Nonconvertible Bonds – 0.3%
CONSUMER DISCRETIONARY – 0.1%
Media – 0.1%
Altice SA 7.625% 2/15/25 (f)		3,880,000		3,426,525
CONSUMER STAPLES – 0.2%
Food Products – 0.1%
H.J. Heinz Co. 4.875% 2/15/25 (f)		2,481,000		2,647,723
Post Holdings, Inc. 7.375% 2/15/22		3,375,000		3,425,625
				6,073,348
Tobacco – 0.1%
Vector Group Ltd. 7.75% 2/15/21		3,450,000		3,647,944
TOTAL CONSUMER STAPLES				9,721,292
MATERIALS – 0.0%
Metals & Mining – 0.0%
Walter Energy, Inc. 8.5% 4/15/21 (h)		5,250,000		26,250
TOTAL NONCONVERTIBLE BONDS				13,174,067
TOTAL CORPORATE BONDS (Cost $58,321,175)				39,571,796
Preferred Securities – 0.1%
FINANCIALS – 0.1%
Diversified Financial Services – 0.1%
Baggot Securities Ltd. 10.24% (Cost $3,931,535) (f)(i)	EUR	2,560,000		3,074,220

Money Market Funds – 2.5%
	Shares		Value
Fidelity Cash Central Fund, 0.18% (j)		86,377,728	$	86,377,728
Fidelity Securities Lending Cash Central Fund, 0.20% (j)(k)		42,556,984		42,556,984
TOTAL MONEY MARKET FUNDS (Cost $128,934,712)				128,934,712
TOTAL INVESTMENT PORTFOLIO – 101.4% (Cost $4,840,173,427)				5,215,860,434
NET OTHER ASSETS (LIABILITIES) – (1.4)%				(69,564,723	)
NET ASSETS – 100%			$	5,146,295,711

5  Quarterly Report 

Investments (Unaudited) – continued

 Written Options

	Expiration
	Date/Exercise	Number of
	Price	Contracts		Premium
Call Options
ACE Ltd.	11/20/15 – $115.00		2,578	$	340,986	(70,895	)
JPMorgan Chase & Co.	11/20/15 – $67.50		9,072		1,066,484	(217,728	)
M&T Bank Corp.	10/16/15 – $125.00		1,000		198,687	(107,500	)
McDonald’s Corp.	11/20/15 – $105.00		1,144		101,814	(98,384	)
Microsoft Corp.	11/20/15 – $47.00		4,800		455,992	(288,000	)
Paychex, Inc.	12/18/15 – $50.00		4,764		391,641	(262,020	)
Pfizer, Inc.	11/20/15 – $35.00		2,513		103,031	(42,721	)
St. Jude Medical, Inc.	10/16/15 – $75.00		832		98,472	(6,240	)
The Williams Companies, Inc.	11/20/15 – $52.50		2,551		317,082	(51,020	)
U.S. Bancorp	11/20/15 – $44.00		9,297		569,245	(316,098	)
Wells Fargo & Co.	11/20/15 – $55.00		4,063		410,355	(164,552	)
TOTAL					4,053,789	(1,625,158	)

 Quarterly Report 6

Currency Abbreviations

EUR – European Monetary Unit

Legend

(a) Security or a portion of the security is pledged as collateral for call options written. At period end, the value of securities pledged amounted to $230,904,426.

(b) Non-income producing

(c) Investment is owned by an entity that is treated as a U.S. Corporation for tax purposes in which the Fund holds a percentage ownership.

(d) Restricted securities – Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $47,978,839 or 0.9% of net assets.

(e) Security or a portion of the security is on loan at period end.

(f) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the

period, the value of these securities amounted to $36,560,810 or 0.7% of net assets.

(g) Amount is stated in United States dollars unless otherwise noted.

(h) Non-income producing – Security is in default.

(i) Security is perpetual in nature with no stated maturity date.

(j) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund’s holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund’s financial statements are available on the SEC’s website or upon request.

(k) Investment made with cash collateral received from securities on loan. Additional information on each restricted holding is as follows:

	Acquisition
Security	Date	Acquisition Cost
First Data Holdings, Inc. Class B	6/26/14	$	25,364,364
New Academy Holding Co. LLC unit	8/1/11	$	13,406,880

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Cash Central Fund	$	254,522
Fidelity Securities Lending Cash Central Fund		250,345
Total	$	504,867

Investment Valuation

The following is a summary of the inputs used, as of September 30, 2015, involving the Fund’s assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

Valuation Inputs at Reporting Date:

Description	Total			Level 1			Level 2		Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$	408,150,488		$	389,087,024		$	—	$	19,063,464
Consumer Staples		478,786,485			473,451,837			5,334,648		—
Energy		503,697,634			482,335,781			21,361,853		—
Financials		1,321,544,888			1,310,611,475			10,933,413		—
Health Care		505,837,308			444,127,869			61,709,439		—
Industrials		653,170,215			653,170,215			—		—
Information Technology		627,964,513			592,368,194			6,680,944		28,915,375
Materials		70,599,445			70,599,445			—		—
Telecommunication Services		201,455,715			197,077,580			4,378,135		—
Utilities		273,073,015			273,073,015			—		—
Corporate Bonds		39,571,796			—			39,571,796		—
Preferred Securities		3,074,220			—			3,074,220		—
Money Market Funds		128,934,712			128,934,712			—		—
Total Investments in Securities:	$	5,215,860,434		$	5,014,837,147		$	153,044,448	$	47,978,839
Derivative Instruments:
Liabilities
Written Options	$	(1,625,158	)	$	(1,625,158	)	$	—	$	—
Total Liabilities	$	(1,625,158	)	$	(1,625,158	)	$	—	$	—
Total Derivative Instruments:	$	(1,625,158	)	$	(1,625,158	)	$	—	$	—

7  Quarterly Report 

Investments (Unaudited) – continued

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund’s investments to the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee). In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee’s activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund’s investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 – quoted prices in active markets for identical investments: Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 – unobservable inputs (including the Fund’s own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund’s investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Corporate bonds and preferred securities are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker supplied prices.

When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Exchange-traded options are valued using the last sale price or, in the absence of a sale, the last offering price and are categorized as Level 1 in the hierarchy.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Other Information

Income Tax Information

At September 30, 2015, the cost of investment securities for income tax purposes was $4,847,494,086. Net unrealized appreciation aggregated $368,366,348, of which $912,547,211 related to appreciated investment securities and $544,180,863 related to depreciated investment securities.

For additional information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semiannual or annual shareholder report.

 Quarterly Report 8

The fund’s schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund’s shareholders. For more information regarding the fund and its holdings, please see the fund’s most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.

9  Quarterly Report 

Quarterly Holdings Report

for

Fidelity^® Variable Insurance Products:

Mid Cap Portfolio

September 30, 2015

Investments September 30, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks – 98.8%
	Shares		Value
CONSUMER DISCRETIONARY – 19.0%
Auto Components – 1.5%
Delphi Automotive PLC		452,461	$	34,405,134
Gentex Corp.		2,316,292		35,902,526
Johnson Controls, Inc.		370,200		15,311,472
Modine Manufacturing Co. (a)		147,000		1,156,890
Tenneco, Inc. (a)		161,276		7,220,327
Visteon Corp. (a)		235,822		23,874,619
				117,870,968
Diversified Consumer Services – 0.5%
Houghton Mifflin Harcourt Co. (a)		1,663,764		33,791,047
ServiceMaster Global Holdings, Inc. (a)		213,200		7,152,860
				40,943,907
Hotels, Restaurants & Leisure – 2.9%
Brinker International, Inc.		340,067		17,911,329
Buffalo Wild Wings, Inc. (a)		89,100		17,234,613
DineEquity, Inc.		676,200		61,980,492
Jubilant Foodworks Ltd.		75,070		1,839,846
Las Vegas Sands Corp.		573,588		21,779,136
Panera Bread Co. Class A (a)		99,518		19,247,776
Texas Roadhouse, Inc. Class A		936,500		34,837,800
The Restaurant Group PLC		166,500		1,700,142
Wyndham Worldwide Corp.		796,600		57,275,540
				233,806,674
Household Durables – 4.0%
Ethan Allen Interiors, Inc.		72,200		1,906,802
Harman International Industries, Inc.		183,105		17,576,249
Jarden Corp. (a)		1,129,650		55,217,292
Lennar Corp. Class A		1,291,900		62,179,147
Mohawk Industries, Inc. (a)		33,400		6,071,786
NVR, Inc. (a)		40,614		61,945,285
PulteGroup, Inc.		3,127,900		59,023,473
Toll Brothers, Inc. (a)		890,400		30,487,296
Whirlpool Corp.		135,799		19,997,761
				314,405,091
Leisure Products – 1.5%
Brunswick Corp.		565,100		27,062,639
Polaris Industries, Inc.		786,619		94,292,020
				121,354,659
Media – 1.3%
AMC Networks, Inc. Class A (a)		422,000		30,877,740
Interpublic Group of Companies, Inc.		2,107,385		40,314,275
Lions Gate Entertainment Corp.		321,300		11,823,840
MDC Partners, Inc. Class A (sub. vtg.)		107,900		1,988,597
Naspers Ltd. Class N		62,800		7,842,512
News Corp. Class A		791,100		9,983,682
				102,830,646
Multiline Retail – 0.7%
Dollar Tree, Inc. (a)		869,400		57,954,204
Specialty Retail – 3.3%
AutoZone, Inc. (a)		52,732		38,169,004
Dick’s Sporting Goods, Inc.		527,800		26,184,158
Foot Locker, Inc.		647,087		46,570,851
GNC Holdings, Inc.		706,400		28,552,688
L Brands, Inc.		141,600		12,762,408
Party City Holdco, Inc.		80,600		1,287,182

	Shares		Value
Signet Jewelers Ltd.		327,343	$	44,561,203
TJX Companies, Inc.		536,800		38,338,256
Urban Outfitters, Inc. (a)		403,100		11,843,078
Williams-Sonoma, Inc.		159,000		12,139,650
				260,408,478
Textiles, Apparel & Luxury Goods – 3.3%
Deckers Outdoor Corp. (a)		540,500		31,381,430
G-III Apparel Group Ltd. (a)		1,251,266		77,153,062
Hanesbrands, Inc.		1,997,300		57,801,862
Kate Spade & Co. (a)		368,800		7,047,768
Page Industries Ltd.		21,178		4,292,094
PVH Corp.		409,300		41,724,042
Ralph Lauren Corp.		259,100		30,615,256
VF Corp.		214,276		14,615,766
				264,631,280
TOTAL CONSUMER DISCRETIONARY				1,514,205,907
CONSUMER STAPLES – 2.3%
Beverages – 0.7%
C&C Group PLC		1,454,530		5,756,784
Dr. Pepper Snapple Group, Inc.		657,825		52,001,066
				57,757,850
Food & Staples Retailing – 1.1%
CVS Health Corp.		503,047		48,533,975
Kroger Co.		966,400		34,858,048
				83,392,023
Food Products – 0.5%
Amplify Snack Brands, Inc. (a)		83,600		895,356
Archer Daniels Midland Co.		127,854		5,299,548
Britannia Industries Ltd.		15,000		707,163
Bunge Ltd.		386,288		28,314,910
Ingredion, Inc.		59,405		5,186,651
				40,403,628
TOTAL CONSUMER STAPLES				181,553,501
ENERGY – 3.1%
Energy Equipment & Services – 1.2%
Baker Hughes, Inc.		264,581		13,768,795
Dril-Quip, Inc. (a)		478,600		27,864,092
Ensco PLC Class A		107,000		1,506,560
Halliburton Co.		839,200		29,665,720
Nuverra Environmental Solutions, Inc. (a)		470		639
Oceaneering International, Inc.		569,700		22,377,816
				95,183,622
Oil, Gas & Consumable Fuels – 1.9%
Apache Corp.		379,496		14,861,063
Cimarex Energy Co.		298,752		30,616,105
Columbia Pipeline Group, Inc.		67,721		1,238,617
Emerald Oil, Inc. warrants 2/4/16 (a)		6,490		0
Energen Corp.		26,603		1,326,426
EOG Resources, Inc.		89,800		6,537,440
Newfield Exploration Co. (a)		558,100		18,361,490
PDC Energy, Inc. (a)		74,800		3,965,148

 Quarterly Report  2

Common Stocks – continued
	Shares		Value
ENERGY – continued
Oil, Gas & Consumable Fuels – continued
Phillips 66 Co.		238,285	$	18,309,819
SM Energy Co.		114,100		3,655,764
Suncor Energy, Inc.		1,778,800		47,572,403
Teekay Tankers Ltd.		86,000		593,400
Western Refining, Inc.		149,200		6,582,704
				153,620,379
TOTAL ENERGY				248,804,001
FINANCIALS – 20.3%
Banks – 6.4%
Boston Private Financial Holdings, Inc.		1,733,516		20,282,137
CIT Group, Inc.		528,300		21,147,849
Comerica, Inc.		787,529		32,367,442
Commerce Bancshares, Inc.		781,380		35,599,673
CVB Financial Corp.		1,105,200		18,456,840
First Citizen Bancshares, Inc.		44,300		10,011,800
First Commonwealth Financial Corp.		1,170,400		10,638,936
First Republic Bank		512,700		32,182,179
Hilltop Holdings, Inc. (a)		389,400		7,714,014
Huntington Bancshares, Inc.		4,846,716		51,375,190
Investors Bancorp, Inc.		2,678,600		33,053,924
Lakeland Financial Corp.		698,146		31,521,292
M&T Bank Corp.		390,900		47,670,255
PacWest Bancorp		606,093		25,946,841
Prosperity Bancshares, Inc.		259,000		12,719,490
Regions Financial Corp.		3,937,200		35,474,172
SunTrust Banks, Inc.		1,093,165		41,802,630
UMB Financial Corp.		786,200		39,946,822
Valley National Bancorp		266,400		2,621,376
				510,532,862
Capital Markets – 3.1%
Ameriprise Financial, Inc.		376,513		41,088,864
E*TRADE Financial Corp. (a)		156,600		4,123,278
Greenhill & Co., Inc.		75,000		2,135,250
Invesco Ltd.		1,660,700		51,863,661
Lazard Ltd. Class A		839,745		36,360,959
Legg Mason, Inc.		88,800		3,694,968
LPL Financial (b)		13,600		540,872
Raymond James Financial, Inc.		817,795		40,587,166
Stifel Financial Corp. (a)		590,800		24,872,680
The Blackstone Group LP		1,364,935		43,227,491
				248,495,189
Consumer Finance – 1.4%
American Express Co.		75,489		5,596,000
Capital One Financial Corp.		488,500		35,426,020
Discover Financial Services		95,400		4,959,846
SLM Corp. (a)		6,888,600		50,975,640
Springleaf Holdings, Inc. (a)		339,500		14,842,940
				111,800,446
Diversified Financial Services – 1.1%
CRISIL Ltd.		84,555		2,371,102

	Shares		Value
McGraw Hill Financial, Inc.		814,130	$	70,422,245
Moody’s Corp.		167,900		16,487,780
				89,281,127
Insurance – 4.4%
ACE Ltd.		25,000		2,585,000
AFLAC, Inc.		704,500		40,952,585
Bajaj Finserv Ltd.		58,922		1,554,182
Brown & Brown, Inc.		56,700		1,755,999
First American Financial Corp.		1,466,100		57,280,527
Hiscox Ltd.		1,760,076		25,081,268
Marsh & McLennan Companies, Inc.		1,165,084		60,840,686
Primerica, Inc.		550,920		24,829,964
Principal Financial Group, Inc.		1,128,600		53,427,924
Progressive Corp.		106,400		3,260,096
Reinsurance Group of America, Inc.		657,258		59,541,002
The Chubb Corp.		147,100		18,041,815
The Travelers Companies, Inc.		9,000		895,770
				350,046,818
Real Estate Investment Trusts – 0.5%
Ladder Capital Corp. Class A		1,444,799		20,689,522
Mid-America Apartment Communities, Inc.		121,300		9,930,831
SL Green Realty Corp.		8,400		908,544
VEREIT, Inc.		754,400		5,823,968
				37,352,865
Real Estate Management & Development – 2.1%
CBRE Group, Inc. (a)		2,566,023		82,112,736
Colliers International Group, Inc.		24,800		1,006,632
Jones Lang LaSalle, Inc.		572,460		82,302,574
				165,421,942
Thrifts & Mortgage Finance – 1.3%
Beneficial Bancorp, Inc. (a)		366,162		4,855,308
BofI Holding, Inc. (a)(b)		235,700		30,365,231
Essent Group Ltd. (a)		2,396,200		59,545,570
Housing Development Finance Corp. Ltd.		349,130		6,478,371
				101,244,480
TOTAL FINANCIALS				1,614,175,729
HEALTH CARE – 12.8%
Biotechnology – 0.5%
Baxalta, Inc.		297,800		9,383,678
Biogen, Inc. (a)		49,000		14,298,690
United Therapeutics Corp. (a)		140,400		18,426,096
				42,108,464
Health Care Equipment & Supplies – 3.8%
Alere, Inc. (a)		16,600		799,290
Becton, Dickinson & Co.		71,200		9,445,392
Boston Scientific Corp. (a)		3,846,403		63,119,473
DENTSPLY International, Inc. (b)		789,300		39,914,901
Hologic, Inc. (a)		1,594,824		62,405,463
St. Jude Medical, Inc.		24,000		1,514,160
Steris Corp. (b)		966,500		62,793,505
Zimmer Biomet Holdings, Inc.		635,100		59,654,943
				299,647,127

 3  Quarterly Report 

Investments (Unaudited) – continued

Common Stocks – continued
	Shares		Value
HEALTH CARE – continued
Health Care Providers & Services – 3.6%
Cardinal Health, Inc.		950,847	$	73,044,067
Community Health Systems, Inc. (a)		473,900		20,268,703
DaVita HealthCare Partners, Inc. (a)		713,300		51,592,989
HCA Holdings, Inc. (a)		654,435		50,627,092
Laboratory Corp. of America Holdings (a)		340,900		36,977,423
McKesson Corp.		250,750		46,396,273
Molina Healthcare, Inc. (a)		32,400		2,230,740
Surgical Care Affiliates, Inc. (a)		23,300		761,677
Universal Health Services, Inc. Class B		6,200		773,822
				282,672,786
Health Care Technology – 0.5%
MedAssets, Inc. (a)		2,196,800		44,067,808
Life Sciences Tools & Services – 1.2%
Agilent Technologies, Inc.		814,606		27,965,424
Bruker Corp. (a)		577,300		9,485,039
Thermo Fisher Scientific, Inc.		489,963		59,912,676
				97,363,139
Pharmaceuticals – 3.2%
Allergan PLC (a)		191,845		52,145,389
Catalent, Inc. (a)		511,500		12,429,450
Endo Health Solutions, Inc. (a)		853,900		59,158,192
Horizon Pharma PLC (a)		790,070		15,659,187
Jazz Pharmaceuticals PLC (a)		382,671		50,822,536
Mallinckrodt PLC (a)		125,650		8,034,061
Teva Pharmaceutical Industries Ltd. sponsored ADR		978,956		55,271,856
				253,520,671
TOTAL HEALTH CARE				1,019,379,995
INDUSTRIALS – 14.4%
Aerospace & Defense – 2.2%
Curtiss-Wright Corp.		419,948		26,213,154
Esterline Technologies Corp. (a)		238,248		17,127,649
Huntington Ingalls Industries, Inc.		234,800		25,158,820
Rockwell Collins, Inc.		425,783		34,846,081
Textron, Inc.		1,879,181		70,732,373
				174,078,077
Air Freight & Logistics – 0.8%
FedEx Corp.		414,711		59,710,090
Airlines – 1.5%
Allegiant Travel Co.		63,400		13,710,250
Copa Holdings SA Class A		50,000		2,096,500
Southwest Airlines Co.		777,600		29,579,904
Spirit Airlines, Inc. (a)		1,469,313		69,498,505
				114,885,159
Building Products – 0.4%
A.O. Smith Corp.		207,800		13,546,482
Apogee Enterprises, Inc.		62,574		2,793,929
Lennox International, Inc.		167,556		18,989,121
				35,329,532
Commercial Services & Supplies – 1.0%
Copart, Inc. (a)		111,100		3,655,190

	Shares		Value
G&K Services, Inc. Class A		203,000	$	13,523,860
Herman Miller, Inc.		303,600		8,755,824
HNI Corp.		209,077		8,969,403
KAR Auction Services, Inc.		321,282		11,405,511
Knoll, Inc.		890,700		19,577,586
Republic Services, Inc.		301,213		12,409,976
				78,297,350
Construction & Engineering – 1.1%
AECOM Technology Corp. (a)		31,800		874,818
EMCOR Group, Inc.		925,707		40,962,535
Granite Construction, Inc.		20,336		603,369
Jacobs Engineering Group, Inc. (a)		755,055		28,261,709
Quanta Services, Inc. (a)		565,021		13,679,158
				84,381,589
Electrical Equipment – 0.1%
AMETEK, Inc.		185,500		9,705,360
Rockwell Automation, Inc.		15,900		1,613,373
				11,318,733
Industrial Conglomerates – 0.5%
Roper Industries, Inc.		241,186		37,793,846
Machinery – 4.6%
AGCO Corp.		672,000		31,335,360
Caterpillar, Inc.		184,865		12,082,776
Colfax Corp. (a)(b)		697,700		20,868,207
Cummins, Inc.		212,275		23,048,820
Deere & Co. (b)		356,600		26,388,400
IDEX Corp.		17,500		1,247,750
Illinois Tool Works, Inc.		439,367		36,164,298
Ingersoll-Rand PLC		611,445		31,043,063
Manitowoc Co., Inc. (b)		882,579		13,238,685
Mueller Industries, Inc.		719,904		21,294,760
Nordson Corp.		13,000		818,220
Rexnord Corp. (a)		3,543,434		60,167,509
Snap-On, Inc.		228,300		34,459,602
Stanley Black & Decker, Inc.		66,500		6,449,170
Valmont Industries, Inc.		158,381		15,028,773
Wabtec Corp.		116,660		10,271,913
Woodward, Inc.		527,107		21,453,255
				365,360,561
Professional Services – 0.7%
CEB, Inc.		201,700		13,784,178
Dun & Bradstreet Corp.		428,205		44,961,525
				58,745,703
Road & Rail – 1.0%
ArcBest Corp.		92,640		2,387,333
Con-way, Inc.		454,265		21,554,874
CSX Corp.		193,000		5,191,700
J.B. Hunt Transport Services, Inc.		52,500		3,748,500
Old Dominion Freight Lines, Inc. (a)		269,300		16,427,300
Saia, Inc. (a)		741,205		22,940,295
Swift Transporation Co. (a)		588,178		8,834,434
				81,084,436
Trading Companies & Distributors – 0.5%
Air Lease Corp. Class A		967,994		29,930,374

 Quarterly Report  4

Common Stocks – continued
	Shares		Value
INDUSTRIALS – continued
Trading Companies & Distributors – continued
Misumi Group, Inc.		775,200	$	8,000,019
WESCO International, Inc. (a)		111,400		5,176,758
				43,107,151
TOTAL INDUSTRIALS				1,144,092,227
INFORMATION TECHNOLOGY – 23.7%
Communications Equipment – 1.3%
Brocade Communications Systems, Inc.		868,403		9,014,023
CommScope Holding Co., Inc. (a)		1,207,390		36,257,922
F5 Networks, Inc. (a)		455,554		52,753,153
Juniper Networks, Inc.		248,662		6,393,100
				104,418,198
Electronic Equipment & Components – 4.2%
Arrow Electronics, Inc. (a)		648,180		35,831,390
Avnet, Inc.		816,630		34,853,768
Belden, Inc.		870,300		40,634,307
CDW Corp.		1,821,220		74,415,049
IPG Photonics Corp. (a)(b)		315,200		23,945,744
Jabil Circuit, Inc.		260,900		5,836,333
Keysight Technologies, Inc. (a)		365,453		11,270,571
Littelfuse, Inc.		29,500		2,688,925
Methode Electronics, Inc. Class A		699,600		22,317,240
TE Connectivity Ltd.		737,266		44,154,861
Trimble Navigation Ltd. (a)		1,613,500		26,493,670
Zebra Technologies Corp. Class A (a)		178,400		13,656,520
				336,098,378
Internet Software & Services – 0.6%
Google, Inc. Class C		60,302		36,688,943
Tencent Holdings Ltd.		549,000		9,254,268
				45,943,211
IT Services – 10.2%
Alliance Data Systems Corp. (a)		223,690		57,931,236
Blackhawk Network Holdings, Inc. (a)		1,357,094		57,527,215
Broadridge Financial Solutions, Inc.		311,203		17,225,086
Cognizant Technology Solutions Corp. Class A (a)		74,400		4,658,184
Euronet Worldwide, Inc. (a)		983,477		72,865,811
EVERTEC, Inc.		1,003,693		18,136,733
Fidelity National Information Services, Inc.		1,037,377		69,587,249
Fiserv, Inc. (a)		734,014		63,572,953
FleetCor Technologies, Inc. (a)		387,240		53,291,969
Genpact Ltd. (a)		2,744,988		64,809,167
Global Payments, Inc.		987,888		113,340,386
Maximus, Inc.		427,500		25,461,900
The Western Union Co.		1,509,648		27,717,137
Total System Services, Inc.		1,729,810		78,585,268
Vantiv, Inc. (a)		576,400		25,891,888
Visa, Inc. Class A		404,100		28,149,606
Xerox Corp.		2,779,249		27,042,093
				805,793,881
Semiconductors & Semiconductor Equipment – 3.2%
Atmel Corp.		2,851,333		23,010,257

	Shares		Value
Broadcom Corp. Class A		729,800	$	37,533,614
Cree, Inc. (a)		796,800		19,306,464
Freescale Semiconductor, Inc. (a)		922,868		33,758,511
Intersil Corp. Class A		658,608		7,705,714
Maxim Integrated Products, Inc.		251,800		8,410,120
Microchip Technology, Inc. (b)		120,475		5,191,268
NVIDIA Corp.		1,469,733		36,228,918
NXP Semiconductors NV (a)		463,623		40,367,655
PMC-Sierra, Inc. (a)		3,748,750		25,379,038
Qorvo, Inc. (a)		273,100		12,303,155
Semtech Corp. (a)		325,000		4,907,500
				254,102,214
Software – 3.6%
Activision Blizzard, Inc.		1,350,700		41,723,123
Cadence Design Systems, Inc. (a)		2,450,100		50,668,068
Electronic Arts, Inc. (a)		1,251,890		84,815,548
Fair Isaac Corp.		259,000		21,885,500
Intuit, Inc.		219,797		19,506,984
Parametric Technology Corp. (a)		884,741		28,081,679
Synopsys, Inc. (a)		895,449		41,351,835
				288,032,737
Technology Hardware, Storage & Peripherals – 0.6%
EMC Corp.		1,134,539		27,410,462
SanDisk Corp.		377,400		20,504,142
				47,914,604
TOTAL INFORMATION TECHNOLOGY				1,882,303,223
MATERIALS – 2.5%
Chemicals – 1.9%
Albemarle Corp. U.S.		557,956		24,605,860
Ashland, Inc.		86,126		8,665,998
Cytec Industries, Inc.		105,566		7,796,049
Eastman Chemical Co.		553,500		35,822,520
Ferro Corp. (a)		1,648,609		18,052,269
PolyOne Corp.		928,460		27,241,016
PPG Industries, Inc.		91,900		8,058,711
Praxair, Inc.		189,300		19,282,098
				149,524,521
Containers & Packaging – 0.2%
Aptargroup, Inc.		189,630		12,507,995
WestRock Co.		101,600		5,226,304
				17,734,299
Metals & Mining – 0.1%
B2Gold Corp. (a)		6,418,500		6,781,630
New Gold, Inc. (a)		2,039,120		4,599,289
				11,380,919
Paper & Forest Products – 0.3%
Boise Cascade Co. (a)		929,064		23,430,994
TOTAL MATERIALS				202,070,733
UTILITIES – 0.7%
Electric Utilities – 0.5%
Exelon Corp.		1,076,500		31,972,050
OGE Energy Corp.		295,000		8,071,200
				40,043,250

 5 Quarterly Report 

Investments (Unaudited) – continued

Common Stocks – continued
	Shares		Value
UTILITIES – continued
Independent Power and Renewable Electricity Producers – 0.1%
Dynegy, Inc. (a)		203,400	$	4,204,278
Multi-Utilities – 0.1%
CMS Energy Corp.		160,519		5,669,531
NiSource, Inc.		67,721		1,256,225
				6,925,756
TOTAL UTILITIES				51,173,284
TOTAL COMMON STOCKS (Cost $7,162,813,528)				7,857,758,600
Nonconvertible Preferred Stocks – 0.1%
FINANCIALS – 0.1%
Capital Markets – 0.1%
GMAC Capital Trust I Series 2, 8.125% (Cost $8,358,700)		405,466		10,351,547
Money Market Funds – 1.8%
Fidelity Cash Central Fund, 0.18% (c)		46,547,342		46,547,342
Fidelity Securities Lending Cash Central Fund, 0.20% (c)(d)		91,780,784		91,780,784
TOTAL MONEY MARKET FUNDS (Cost $138,328,126)				138,328,126
TOTAL INVESTMENT PORTFOLIO – 100.7% (Cost $7,309,500,354)				8,006,438,273
NET OTHER ASSETS (LIABILITIES) – (0.7)%				(53,292,675	)
NET ASSETS – 100%			$	7,953,145,598

Legend

(a) Non-income producing

(b) Security or a portion of the security is on loan at period end.

(c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund’s holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund’s financial statements are available on the SEC’s website or upon request.

(d) Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Cash Central Fund	$	7,112
Fidelity Securities Lending Cash Central Fund		225,941
Total	$	233,053

Investment Valuation

The following is a summary of the inputs used, as of September 30, 2015, involving the Fund’s assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

Valuation Inputs at Reporting Date:

Description	Total		Level 1		Level 2		Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$	1,514,205,907	$	1,508,073,967	$	6,131,940	$	—
Consumer Staples		181,553,501		180,846,338		707,163		—
Energy		248,804,001		248,804,001		—		—
Financials		1,624,527,276		1,614,123,621		10,403,655		—

 Quarterly Report  6

Valuation Inputs at Reporting Date:

Description	Total		Level 1		Level 2		Level 3
Health Care	$	1,019,379,995	$	1,019,379,995	$	—	$	—
Industrials		1,144,092,227		1,136,092,208		8,000,019		—
Information Technology		1,882,303,223		1,873,048,955		9,254,268		—
Materials		202,070,733		202,070,733		—		—
Utilities		51,173,284		51,173,284		—		—
Money Market Funds		138,328,126		138,328,126		—		—
Total Investments in Securities:	$	8,006,438,273	$	7,971,941,228	$	34,497,045	$	—

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund’s investments to the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee). In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee’s activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund’s investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 – quoted prices in active markets for identical investments: Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 – unobservable inputs (including the Fund’s own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund’s investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Other Information

Income Tax Information

At September 30, 2015, the cost of investment securities for income tax purposes was $7,322,623,822. Net unrealized appreciation aggregated $683,814,451, of which $1,305,828,725 related to appreciated investment securities and $622,014,274 related to depreciated investment securities.

For additional information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semiannual or annual shareholder report.

 7  Quarterly Report 

The fund’s schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund’s shareholders. For more information regarding the fund and its holdings, please see the fund’s most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.

 Quarterly Report  8

Item 2. Controls and Procedures.

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

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

Item 3. Exhibits.

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

SIGNATURES

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

(Registrant): Voya Partners, Inc.

By	/s/ Shaun P. Mathews
	Shaun P. Mathews
	President and Chief Executive Officer
Date:	November 27, 2015

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

By	/s/ Shaun P. Mathews
	Shaun P. Mathews
	President and Chief Executive Officer
Date:	November 27, 2015
By	/s/ Todd Modic
	Todd Modic
	Senior Vice President and Chief Financial Officer
Date:	November 27, 2015