NPORT-EX 1 variableinsurancetrust.htm

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited)

 

Principal
Amount†
         Value   Percentage
of Net
Assets
 
CORPORATE BONDS/NOTES: 40.2%         
        Basic Materials: 1.6%          
 300,000      DowDuPont, Inc., 4.205%, 11/15/2023  $314,019    0.2 
 175,000      DowDuPont, Inc., 4.493%, 11/15/2025   186,718    0.1 
 25,000      DowDuPont, Inc., 5.419%, 11/15/2048   28,427    0.0 
 125,000   (1)  Glencore Funding LLC, 4.125%, 03/12/2024   126,455    0.1 
 415,000   (1)  Glencore Funding LLC, 4.625%, 04/29/2024   429,082    0.3 
 125,000      Huntsman International LLC, 4.500%, 05/01/2029   124,683    0.1 
 200,000   (1)  Kraton Polymers LLC / Kraton Polymers Capital Corp., 7.000%, 04/15/2025   203,000    0.1 
 75,000      Sherwin-Williams Co/The, 2.750%, 06/01/2022   74,605    0.0 
 75,000      Sherwin-Williams Co/The, 3.125%, 06/01/2024   74,615    0.0 
 200,000      Sherwin-Williams Co/The, 3.450%, 06/01/2027   196,855    0.1 
 475,000   (1)  Syngenta Finance NV, 3.698%, 04/24/2020   476,824    0.3 
 495,000   (1)  Syngenta Finance NV, 3.933%, 04/23/2021   497,568    0.3 
 51,000      Vale Overseas Ltd., 6.250%, 08/10/2026   55,692    0.0 
            2,788,543    1.6 
                   
        Communications: 5.6%          
 150,000      Amazon.com, Inc., 3.875%, 08/22/2037   156,902    0.1 
 425,000      AT&T, Inc., 3.000%, 06/30/2022   427,197    0.2 
 450,000      AT&T, Inc., 3.600%, 02/17/2023   459,141    0.3 
 325,000      AT&T, Inc., 3.800%, 03/15/2022   333,663    0.2 
 525,000      AT&T, Inc., 4.250%, 03/01/2027   540,875    0.3 
 175,000      AT&T, Inc., 5.150%, 03/15/2042   179,629    0.1 
 150,000      Charter Communications Operating LLC / Charter Communications Operating Capital, 3.579%, 07/23/2020   151,133    0.1 
 350,000      Charter Communications Operating LLC / Charter Communications Operating Capital, 4.464%, 07/23/2022   362,383    0.2 
 300,000      Charter Communications Operating LLC / Charter Communications Operating Capital, 4.500%, 02/01/2024   312,684    0.2 
 400,000      Charter Communications Operating LLC / Charter Communications Operating Capital, 4.908%, 07/23/2025   422,166    0.2 
 50,000      Comcast Corp., 3.150%, 02/15/2028   49,041    0.0 
 60,000      Comcast Corp., 3.300%, 02/01/2027   59,893    0.0 
 675,000      Comcast Corp., 3.700%, 04/15/2024   697,836    0.4 
 150,000      Comcast Corp., 4.150%, 10/15/2028   158,284    0.1 
 250,000      Comcast Corp., 4.250%, 10/15/2030   266,131    0.2 
 125,000   (1)  Fox Corp., 4.030%, 01/25/2024   129,782    0.1 
 100,000   (1)  Fox Corp., 4.709%, 01/25/2029   107,159    0.1 
 200,000   (1)  Intelsat Jackson Holdings SA, 8.500%, 10/15/2024   195,500    0.1 
 500,000      Level 3 Financing, Inc., 5.625%, 02/01/2023   506,875    0.3 
 193,000      NBCUniversal Media, LLC, 4.450%, 01/15/2043   200,598    0.1 
 230,000      Nokia OYJ, 4.375%, 06/12/2027   228,275    0.1 
 175,000      Sprint Corp., 7.875%, 09/15/2023   184,187    0.1 
 175,000      Telefonica Emisiones SAU, 4.570%, 04/27/2023   184,609    0.1 
 350,000      Telefonica Emisiones SAU, 5.462%, 02/16/2021   366,124    0.2 
 275,000      Time Warner Cable LLC, 4.125%, 02/15/2021   279,421    0.2 
 50,000      Time Warner Cable LLC, 5.875%, 11/15/2040   52,117    0.0 
 100,000      Verizon Communications, Inc., 3.875%, 02/08/2029   102,904    0.1 
 25,000      Verizon Communications, Inc., 4.125%, 08/15/2046   24,310    0.0 
 241,000      Verizon Communications, Inc., 4.329%, 09/21/2028   255,743    0.1 
 392,000      Verizon Communications, Inc., 5.012%, 04/15/2049   429,757    0.3 

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

 

Principal
Amount†
         Value   Percentage
of Net
Assets
 
CORPORATE BONDS/NOTES: (continued)          
        Communications: (continued)          
 150,000      Verizon Communications, Inc., 5.250%, 03/16/2037  $169,356    0.1 
 600,000      Vodafone Group PLC, 3.750%, 01/16/2024   605,702    0.4 
 550,000   (1)  Walt Disney Co/The, 4.000%, 10/01/2023   575,023    0.3 
 100,000   (1)  Walt Disney Co/The, 6.150%, 03/01/2037   130,356    0.1 
 350,000   (1)  Wind Tre SpA, 5.000%, 01/20/2026   320,250    0.2 
            9,625,006    5.6 
                   
        Consumer, Cyclical: 0.8%          
 200,000      Dollar Tree, Inc., 4.000%, 05/15/2025   202,482    0.1 
 250,000      Home Depot, Inc./The, 3.900%, 12/06/2028   266,298    0.2 
 300,000      MGM Resorts International, 6.625%, 12/15/2021   321,375    0.2 
 350,000      Starbucks Corp., 3.800%, 08/15/2025   361,268    0.2 
 150,000      Walmart, Inc., 4.050%, 06/29/2048   160,183    0.1 
            1,311,606    0.8 
                   
        Consumer, Non-cyclical: 7.1%          
 425,000      AbbVie, Inc., 3.375%, 11/14/2021   429,973    0.2 
 300,000      AbbVie, Inc., 3.750%, 11/14/2023   308,284    0.2 
 400,000      Acadia Healthcare Co., Inc., 5.625%, 02/15/2023   404,500    0.2 
 150,000      Aetna, Inc., 2.800%, 06/15/2023   147,457    0.1 
 325,000      Altria Group, Inc., 3.800%, 02/14/2024   331,147    0.2 
 150,000   (1)  Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide, Inc., 4.700%, 02/01/2036   150,280    0.1 
 150,000   (1)  Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide, Inc., 4.900%, 02/01/2046   150,970    0.1 
 800,000      Anheuser-Busch InBev Worldwide, Inc., 4.000%, 04/13/2028   813,809    0.5 
 100,000      Anheuser-Busch InBev Worldwide, Inc., 4.600%, 04/15/2048   96,537    0.0 
 425,000      Anheuser-Busch InBev Worldwide, Inc., 4.750%, 01/23/2029   452,952    0.3 
 200,000   (1)  Bacardi Ltd., 5.300%, 05/15/2048   192,343    0.1 
 320,000      BAT Capital Corp., 3.222%, 08/15/2024   313,254    0.2 
 100,000   (1)  Bausch Health Americas, Inc., 9.250%, 04/01/2026   109,680    0.1 
 150,000   (1)  Bausch Health Cos, Inc., 9.000%, 12/15/2025   163,508    0.1 
 350,000   (1)  Bayer US Finance II LLC, 3.875%, 12/15/2023   353,024    0.2 
 325,000   (1)  Bayer US Finance II LLC, 4.250%, 12/15/2025   329,001    0.2 
 525,000      Becton Dickinson and Co., 2.894%, 06/06/2022   522,476    0.3 
 100,000      Becton Dickinson and Co., 3.363%, 06/06/2024   100,180    0.1 
 357,000      Becton Dickinson and Co., 3.476%, (US0003M + 0.875%), 12/29/2020   357,038    0.2 
 75,000      Becton Dickinson and Co., 4.669%, 06/06/2047   78,763    0.0 
 125,000      Becton Dickinson and Co., 4.685%, 12/15/2044   129,380    0.1 
 225,000      Celgene Corp., 3.875%, 08/15/2025   231,183    0.1 
 150,000      Celgene Corp., 3.900%, 02/20/2028   153,418    0.1 
 900,000   (1)  Cigna Corp., 3.750%, 07/15/2023   923,712    0.5 
 400,000      Constellation Brands, Inc., 3.384%, (US0003M + 0.700%), 11/15/2021   400,245    0.2 
 100,000      Constellation Brands, Inc., 3.700%, 12/06/2026   99,829    0.1 
 250,000      Constellation Brands, Inc., 4.400%, 11/15/2025   262,875    0.1 
 600,000      CVS Health Corp., 3.375%, 08/12/2024   596,142    0.3 
 275,000      CVS Health Corp., 3.500%, 07/20/2022   278,747    0.2 
 75,000      CVS Health Corp., 3.875%, 07/20/2025   76,017    0.0 
 225,000      CVS Health Corp., 4.780%, 03/25/2038   223,472    0.1 
 100,000      CVS Health Corp., 5.050%, 03/25/2048   100,945    0.1 
 50,000      CVS Health Corp., 5.125%, 07/20/2045   51,066    0.0 
 400,000      DaVita, Inc., 5.125%, 07/15/2024   396,000    0.2 
 100,000   (1)  Elanco Animal Health, Inc., 4.272%, 08/28/2023   103,168    0.1 
 250,000      HCA, Inc., 5.875%, 02/15/2026   270,625    0.2 
 275,000   (1)  Keurig Dr Pepper, Inc., 4.057%, 05/25/2023   283,137    0.2 
 75,000   (1)  Mars, Inc., 2.700%, 04/01/2025   74,730    0.0 
 150,000   (1)  Mars, Inc., 3.200%, 04/01/2030   150,353    0.1 

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

 

Principal
Amount†
         Value   Percentage
of Net
Assets
 
CORPORATE BONDS/NOTES: (continued)          
        Consumer, Non-cyclical: (continued)          
 525,000      Pfizer, Inc., 3.450%, 03/15/2029  $539,613    0.3 
 300,000   (1)  Post Holdings, Inc., 5.750%, 03/01/2027   302,625    0.2 
 200,000   (1)  Refinitiv US Holdings, Inc., 6.250%, 05/15/2026   203,250    0.1 
 100,000      Reynolds American, Inc., 4.450%, 06/12/2025   102,837    0.1 
 100,000      Spectrum Brands, Inc., 6.625%, 11/15/2022   102,550    0.1 
 200,000   (2)  Tenet Healthcare Corp., 6.750%, 06/15/2023   206,750    0.1 
 100,000      Thermo Fisher Scientific, Inc., 3.000%, 04/15/2023   100,321    0.1 
            12,168,166    7.1 
                   
        Energy: 5.0%          
 100,000      Anadarko Petroleum Corp., 5.550%, 03/15/2026   109,247    0.1 
 250,000      BP Capital Markets America, Inc., 4.234%, 11/06/2028   267,875    0.2 
 225,000      Cenovus Energy, Inc., 4.250%, 04/15/2027   221,553    0.1 
 200,000      Concho Resources, Inc., 4.300%, 08/15/2028   206,658    0.1 
 50,000      Continental Resources, Inc./OK, 4.375%, 01/15/2028   51,509    0.0 
 850,000      Continental Resources, Inc./OK, 4.500%, 04/15/2023   881,281    0.5 
 180,000      Devon Energy Corp., 4.750%, 05/15/2042   182,068    0.1 
 7,000      Devon Energy Corp., 5.600%, 07/15/2041   7,787    0.0 
 97,000      Devon Energy Corp., 5.850%, 12/15/2025   110,226    0.1 
 300,000      Energy Transfer Operating L.P., 4.200%, 09/15/2023   310,379    0.2 
 125,000      Energy Transfer Operating L.P., 4.650%, 06/01/2021   128,998    0.1 
 75,000      Energy Transfer Operating L.P., 4.950%, 06/15/2028   78,805    0.0 
 250,000      Energy Transfer Operating L.P., 5.250%, 04/15/2029   268,746    0.2 
 150,000      Energy Transfer Operating L.P., 5.300%, 04/15/2047   148,080    0.1 
 100,000      Energy Transfer Operating L.P., 6.000%, 06/15/2048   108,293    0.1 
 675,000      EQM Midstream Partners L.P., 4.750%, 07/15/2023   689,120    0.4 
 200,000      Genesis Energy L.P. / Genesis Energy Finance Corp., 6.500%, 10/01/2025   195,500    0.1 
 275,000      Kinder Morgan Energy Partners L.P., 3.500%, 09/01/2023   278,803    0.2 
 250,000      Marathon Oil Corp., 4.400%, 07/15/2027   257,780    0.1 
 125,000   (1)  Marathon Petroleum Corp., 3.800%, 04/01/2028   123,994    0.1 
 175,000      MPLX L.P., 4.500%, 04/15/2038   166,887    0.1 
 100,000      MPLX L.P., 4.700%, 04/15/2048   96,075    0.0 
 100,000      MPLX L.P., 4.800%, 02/15/2029   105,417    0.1 
 150,000      MPLX L.P., 5.500%, 02/15/2049   160,514    0.1 
 50,000      ONEOK, Inc., 4.550%, 07/15/2028   51,803    0.0 
 10,000      Petrobras Global Finance BV, 5.750%, 02/01/2029   9,930    0.0 
 30,000      Petrobras Global Finance BV, 6.900%, 03/19/2049   29,742    0.0 
 240,000   (3),(4)  Petroleos de Venezuela SA, 5.375%, 04/12/2027   54,300    0.0 
 1,840,000   (3),(4)  Petroleos de Venezuela SA, 6.000%, 10/28/2022   319,700    0.2 
EUR220,000      Petroleos Mexicanos, 5.125%, 03/15/2023   269,959    0.2 
 30,000      Petroleos Mexicanos, 6.350%, 02/12/2048   26,599    0.0 
 16,000      Petroleos Mexicanos, 6.375%, 01/23/2045   14,193    0.0 
 350,000      Phillips 66, 3.900%, 03/15/2028   356,750    0.2 
 100,000      Pioneer Natural Resources Co., 3.950%, 07/15/2022   102,949    0.1 
 200,000      Plains All American Pipeline L.P. / PAA Finance Corp., 3.650%, 06/01/2022   201,407    0.1 
 100,000      Plains All American Pipeline L.P. / PAA Finance Corp., 3.850%, 10/15/2023   101,058    0.1 
 225,000      Plains All American Pipeline L.P. / PAA Finance Corp., 4.500%, 12/15/2026   230,903    0.1 
 200,000      Sabine Pass Liquefaction LLC, 5.625%, 04/15/2023   216,881    0.1 
 325,000      Sabine Pass Liquefaction LLC, 5.625%, 03/01/2025   357,676    0.2 

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

 

Principal
Amount†
         Value   Percentage
of Net
Assets
 
CORPORATE BONDS/NOTES: (continued)          
        Energy: (continued)          
 100,000      Sabine Pass Liquefaction LLC, 6.250%, 03/15/2022  $108,042    0.1 
 175,000      Valero Energy Corp., 4.350%, 06/01/2028   182,027    0.1 
 200,000      Williams Cos, Inc./The, 3.900%, 01/15/2025   204,369    0.1 
 580,000      Williams Partners L.P., 3.600%, 03/15/2022   588,556    0.3 
            8,582,439    5.0 
                   
        Financial: 13.4%          
 275,000      AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 3.300%, 01/23/2023   270,175    0.2 
 450,000      AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 4.625%, 07/01/2022   464,647    0.3 
 150,000      AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 4.875%, 01/16/2024   156,087    0.1 
 400,000      American International Group, Inc., 3.900%, 04/01/2026   403,279    0.2 
 175,000      American International Group, Inc., 4.200%, 04/01/2028   178,077    0.1 
 125,000      Alexandria Real Estate Equities, Inc., 3.800%, 04/15/2026   126,860    0.1 
 375,000      American Campus Communities Operating Partnership L.P., 3.750%, 04/15/2023   380,421    0.2 
 325,000      American Homes 4 Rent L.P., 4.900%, 02/15/2029   336,848    0.2 
 350,000      American Tower Corp., 3.375%, 05/15/2024   352,212    0.2 
 200,000      Banco Santander SA, 4.250%, 04/11/2027   200,500    0.1 
 675,000      Bank of America Corp., 3.248%, 10/21/2027   662,096    0.4 
 475,000   (5)  Bank of America Corp., 3.864%, 07/23/2024   488,364    0.3 
 75,000      Bank of America Corp., 4.183%, 11/25/2027   76,346    0.0 
 225,000      Bank of America Corp., 4.200%, 08/26/2024   233,135    0.1 
 275,000   (5)  Bank of America Corp., 4.271%, 07/23/2029   286,851    0.2 
 250,000      Bank of America Corp., 4.450%, 03/03/2026   260,922    0.2 
 100,000      Bank of America Corp., 6.110%, 01/29/2037   119,074    0.1 
 500,000   (5)  Barclays PLC, 4.610%, 02/15/2023   511,200    0.3 
 200,000   (2),(5)  Barclays PLC, 6.625%, 12/31/2199   199,810    0.1 
 375,000   (1)  BNP Paribas SA, 3.375%, 01/09/2025   367,414    0.2 
 550,000   (1)  BNP Paribas SA, 3.500%, 03/01/2023   550,601    0.3 
 250,000   (1)  BPCE SA, 4.625%, 09/12/2028   261,622    0.2 
 100,000      CIT Group, Inc., 5.250%, 03/07/2025   106,655    0.1 
 575,000      Citibank NA, 3.050%, 05/01/2020   577,074    0.3 
 525,000      Citigroup, Inc., 3.400%, 05/01/2026   522,801    0.3 
 250,000      Citigroup, Inc., 4.125%, 07/25/2028   251,868    0.1 
 225,000      Citigroup, Inc., 4.600%, 03/09/2026   235,423    0.1 
 375,000      Cooperatieve Rabobank UA/NY, 3.125%, 04/26/2021   376,884    0.2 
 300,000      Cooperatieve Rabobank UA/NY, 3.195%, (US0003M + 0.430%), 04/26/2021   300,953    0.2 
 200,000   (1)  Credit Suisse AG, 6.500%, 08/08/2023   214,738    0.1 
 250,000   (1)  Credit Suisse Group AG, 4.282%, 01/09/2028   253,294    0.2 
 250,000      Credit Suisse Group Funding Guernsey Ltd., 4.550%, 04/17/2026   261,550    0.2 
 425,000      Crown Castle International Corp., 3.150%, 07/15/2023   425,040    0.3 
 350,000      Deutsche Bank AG/New York NY, 2.700%, 07/13/2020   346,308    0.2 
 225,000      GE Capital International Funding Co. Unlimited Co., 3.373%, 11/15/2025   218,687    0.1 
 125,000   (1)  Great-West Lifeco Finance 2018 L.P., 4.047%, 05/17/2028   131,645    0.1 
 450,000   (5)  HSBC Holdings PLC, 3.262%, 03/13/2023   451,443    0.3 
 200,000      HSBC Holdings PLC, 3.683%, (US0003M + 1.000%), 05/18/2024   198,467    0.1 
 325,000   (5)  HSBC Holdings PLC, 3.803%, 03/11/2025   330,143    0.2 
 325,000      Huntington Bancshares, Inc./OH, 4.000%, 05/15/2025   338,508    0.2 
 525,000      JPMorgan Chase & Co., 2.950%, 10/01/2026   513,924    0.3 
 375,000      JPMorgan Chase & Co., 2.972%, 01/15/2023   375,214    0.2 
 525,000   (5)  JPMorgan Chase & Co., 3.509%, 01/23/2029   522,500    0.3 
 400,000   (5)  JPMorgan Chase & Co., 3.782%, 02/01/2028   408,166    0.2 

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

 

Principal
Amount†
         Value   Percentage
of Net
Assets
 
CORPORATE BONDS/NOTES: (continued)          
        Financial: (continued)          
 425,000   (5)  JPMorgan Chase & Co., 3.960%, 01/29/2027  $439,952    0.3 
 975,000   (5)  JPMorgan Chase & Co., 4.023%, 12/05/2024   1,012,675    0.6 
 175,000      Kilroy Realty L.P., 4.750%, 12/15/2028   186,470    0.1 
 225,000      Marsh & McLennan Cos, Inc., 4.375%, 03/15/2029   238,589    0.1 
 50,000      MetLife, Inc., 4.050%, 03/01/2045   50,120    0.0 
 202,000      Mitsubishi UFJ Financial Group, Inc., 2.950%, 03/01/2021   202,474    0.1 
 500,000      Morgan Stanley, 3.700%, 10/23/2024   509,296    0.3 
 275,000   (5)  Morgan Stanley, 3.737%, 04/24/2024   280,801    0.2 
 500,000      Morgan Stanley, 4.179%, (US0003M + 1.400%), 10/24/2023   507,985    0.3 
 25,000      Morgan Stanley, 4.000%, 07/23/2025   25,771    0.0 
 175,000   (5)  Morgan Stanley, 4.431%, 01/23/2030   184,866    0.1 
 200,000   (1)  Northwestern Mutual Life Insurance Co/The, 3.850%, 09/30/2047   194,914    0.1 
 175,000   (1)  Nuveen LLC, 4.000%, 11/01/2028   187,024    0.1 
 200,000      Prudential Financial, Inc., 3.878%, 03/27/2028   210,520    0.1 
 350,000      Royal Bank of Canada, 3.141%, (US0003M + 0.390%), 04/30/2021   351,028    0.2 
 225,000   (5)  Royal Bank of Scotland Group PLC, 3.498%, 05/15/2023   223,580    0.1 
 350,000   (5)  Royal Bank of Scotland Group PLC, 4.269%, 03/22/2025   353,851    0.2 
 525,000   (5)  Royal Bank of Scotland Group PLC, 4.519%, 06/25/2024   537,355    0.3 
 475,000   (1),(5)  Standard Chartered PLC, 4.247%, 01/20/2023   483,329    0.3 
 500,000   (5)  SunTrust Bank/Atlanta GA, 2.590%, 01/29/2021   499,034    0.3 
 200,000   (1),(5)  Swiss Re Finance Luxembourg SA, 5.000%, 04/02/2049   202,899    0.1 
 100,000   (1)  Teachers Insurance & Annuity Association of America, 4.900%, 09/15/2044   111,880    0.1 
 225,000   (1)  UBS Group Funding Switzerland AG, 3.000%, 04/15/2021   225,030    0.1 
 250,000      VEREIT Operating Partnership L.P., 4.125%, 06/01/2021   254,289    0.2 
 300,000      VEREIT Operating Partnership L.P., 4.625%, 11/01/2025   310,755    0.2 
 750,000      Wells Fargo & Co., 3.000%, 10/23/2026   732,895    0.4 
 100,000      XLIT Ltd., 4.450%, 03/31/2025   104,268    0.1 
            22,869,476    13.4 
                   
        Industrial: 1.8%          
 200,000   (1)  Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc., 7.250%, 05/15/2024   211,440    0.1 
 100,000   (1),(2)  Bombardier, Inc., 7.500%, 03/15/2025   103,375    0.1 
 25,000      General Electric Co., 2.700%, 10/09/2022   24,566    0.0 
 75,000      General Electric Co., 3.100%, 01/09/2023   74,604    0.0 
 200,000   (1)  Mexico City Airport Trust, 5.500%, 10/31/2046   185,520    0.1 
 200,000      Mexico City Airport Trust, 5.500%, 07/31/2047   185,000    0.1 
 425,000      Northrop Grumman Corp., 2.930%, 01/15/2025   419,670    0.3 
 650,000      Northrop Grumman Corp., 3.250%, 01/15/2028   640,070    0.4 
 75,000      Northrop Grumman Corp., 4.750%, 06/01/2043   81,346    0.1 
 50,000   (1)  Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu, 7.000%, 07/15/2024   51,600    0.0 
 300,000      Roper Technologies, Inc., 4.200%, 09/15/2028   311,541    0.2 
 250,000      TransDigm, Inc., 6.375%, 06/15/2026   248,400    0.1 
 200,000      United Technologies Corp., 3.950%, 08/16/2025   208,039    0.1 
 150,000      United Technologies Corp., 3.333%, (US0003M + 0.650%), 08/16/2021   150,100    0.1 
 125,000      United Technologies Corp., 3.350%, 08/16/2021   126,752    0.1 
            3,022,023    1.8 
                   
        Technology: 3.2%          
 725,000      Apple, Inc., 2.450%, 08/04/2026   701,097    0.4 

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

 

Principal
Amount†
         Value   Percentage
of Net
Assets
 
CORPORATE BONDS/NOTES: (continued)          
        Technology: (continued)          
 350,000      Apple, Inc., 2.750%, 01/13/2025  $348,357    0.2 
 125,000      Apple, Inc., 4.650%, 02/23/2046   141,686    0.1 
 175,000      Broadcom Corp. / Broadcom Cayman Finance Ltd., 2.650%, 01/15/2023   170,534    0.1 
 125,000      Broadcom Corp. / Broadcom Cayman Finance Ltd., 3.125%, 01/15/2025   119,956    0.1 
 450,000      Broadcom Corp. / Broadcom Cayman Finance Ltd., 3.000%, 01/15/2022   448,408    0.3 
 400,000      Broadcom Corp. / Broadcom Cayman Finance Ltd., 3.625%, 01/15/2024   399,411    0.2 
 250,000      Broadcom, Inc., 3.063%, 04/15/2026   248,153    0.1 
 325,000      Broadcom, Inc., 3.094%, 10/15/2024   322,459    0.2 
 400,000      Broadcom, Inc., 3.125%, 10/15/2022   398,172    0.2 
 225,000   (1)  Dell International LLC / EMC Corp., 5.450%, 06/15/2023   239,907    0.2 
 150,000   (1)  Dell International LLC / EMC Corp., 6.020%, 06/15/2026   161,477    0.1 
 125,000   (1)  Dell International LLC / EMC Corp., 8.350%, 07/15/2046   151,285    0.1 
 150,000      Fiserv, Inc., 3.800%, 10/01/2023   153,909    0.1 
 225,000      Fiserv, Inc., 4.200%, 10/01/2028   232,003    0.1 
 350,000      Hewlett Packard Enterprise Co., 4.900%, 10/15/2025   372,488    0.2 
 60,000      Hewlett Packard Enterprise Co., 6.350%, 10/15/2045   63,036    0.0 
 225,000   (1)  Microchip Technology, Inc., 3.922%, 06/01/2021   227,100    0.1 
 200,000      Micron Technology, Inc., 4.975%, 02/06/2026   203,940    0.1 
 400,000   (1)  NXP BV / NXP Funding LLC, 3.875%, 09/01/2022   406,652    0.3 
            5,510,030    3.2 
                   
        Utilities: 1.7%          
 125,000   (1)  Alliant Energy Finance LLC, 3.750%, 06/15/2023   127,608    0.1 
 50,000   (1)  Alliant Energy Finance LLC, 4.250%, 06/15/2028   51,272    0.0 
 100,000      Berkshire Hathaway Energy Co., 3.250%, 04/15/2028   99,544    0.1 
 425,000      Duke Energy Corp., 3.150%, 08/15/2027   417,644    0.3 
 275,000      MidAmerican Energy Co., 3.650%, 04/15/2029   286,738    0.2 
 225,000      NiSource, Inc., 3.650%, 06/15/2023   229,118    0.1 
 50,000      NRG Energy, Inc., 5.750%, 01/15/2028   53,188    0.0 
 400,000      Sempra Energy, 3.287%, (US0003M + 0.500%), 01/15/2021   396,780    0.2 
 300,000      Southern California Edison Co., 3.700%, 08/01/2025   298,584    0.2 
 175,000      Southern California Edison Co., 4.200%, 03/01/2029   177,903    0.1 
 380,000      Southern Co/The, 3.250%, 07/01/2026   373,218    0.2 
 324,000      Vistra Energy Corp., 7.375%, 11/01/2022   336,960    0.2 
            2,848,557    1.7 
                   
     Total Corporate Bonds/Notes
(Cost $67,800,795)
   68,725,846    40.2 
                   
COLLATERALIZED MORTGAGE OBLIGATIONS: 3.1%          
 216,289      CHL Mortgage Pass-Through Trust 2005-25 A12, 5.500%, 11/25/2035   189,201    0.1 
 250,631   (6)  Fannie Mae REMIC Trust 2011-124 SC, 4.065%, (-1.000*US0001M + 6.550%), 12/25/2041   41,403    0.0 
 758,054   (6)  Freddie Mac 4583 ST, 3.516%, (-1.000*US0001M + 6.000%), 05/15/2046   128,400    0.1 
 448,625   (6)  Freddie Mac REMIC Trust 4320 SD, 3.616%, (-1.000*US0001M + 6.100%), 07/15/2039   66,432    0.0 
 272,881   (6)  Freddie Mac Strips Series 304 C45, 3.000%, 12/15/2027   21,483    0.0 
 1,008,532   (6)  Ginnie Mae 2015-111 IM, 4.000%, 08/20/2045   158,664    0.1 
 429,381   (6)  Ginnie Mae 2015-119 SN, 3.762%, (-1.000*US0001M + 6.250%), 08/20/2045   65,001    0.0 
 394,899   (6)  Ginnie Mae 2016-138 GI, 4.000%, 10/20/2046   61,648    0.0 
 304,342   (6)  Ginnie Mae Series 2010-20 SE, 3.762%, (-1.000*US0001M + 6.250%), 02/20/2040   49,765    0.0 

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

 

Principal
Amount†
         Value   Percentage
of Net
Assets
 
COLLATERALIZED MORTGAGE OBLIGATIONS: (continued)          
 66,984   (6)  Ginnie Mae Series 2013-134 DS, 3.612%, (-1.000*US0001M + 6.100%), 09/20/2043  $10,548    0.0 
 194,713   (6)  Ginnie Mae Series 2013-152 SG, 3.662%, (-1.000*US0001M + 6.150%), 06/20/2043   30,672    0.0 
 442,687   (6)  Ginnie Mae Series 2013-181 SA, 3.612%, (-1.000*US0001M + 6.100%), 11/20/2043   70,551    0.1 
 443,048   (6)  Ginnie Mae Series 2013-183 NI, 4.500%, 10/20/2042   44,691    0.0 
 640,863   (6)  Ginnie Mae Series 2014-132 SL, 3.612%, (-1.000*US0001M + 6.100%), 10/20/2043   79,103    0.1 
 319,860   (6)  Ginnie Mae Series 2014-133 BS, 3.112%, (-1.000*US0001M + 5.600%), 09/20/2044   43,196    0.0 
 679,428   (6)  Ginnie Mae Series 2015-110 MS, 3.222%, (-1.000*US0001M + 5.710%), 08/20/2045   89,824    0.1 
 203,052   (6)  Ginnie Mae Series 2015-159 HS, 3.712%, (-1.000*US0001M + 6.200%), 11/20/2045   30,115    0.0 
 879,029   (6)  Ginnie Mae Series 2015-95 GI, 4.500%, 07/16/2045   182,821    0.1 
 436,135   (6)  Ginnie Mae Series 2016-27 IA, 4.000%, 06/20/2045   59,720    0.0 
 477,651   (6)  Ginnie Mae Series 2016-4 SM, 3.162%, (-1.000*US0001M + 5.650%), 01/20/2046   67,516    0.1 
GBP313,203      Harben Finance 2017-1X A Plc, 1.659%, (BP0003M + 0.800%), 08/20/2056   408,690    0.3 
GBP505,439      London Wall Mortgage Capital PLC 2017-FL1 A, 1.720%, (BP0003M + 0.850%), 11/15/2049   659,783    0.4 
EUR370,607   (1),(7)  Magnolia Finance XI DAC, 2.750%, (EUR003M + 2.750%), 04/20/2020   415,814    0.2 
GBP129,080      Ripon Mortgages PLC 1X A1, 1.659%, (BP0003M + 0.800%), 08/20/2056   167,821    0.1 
GBP1,113,317      Ripon Mortgages PLC 1X A2, 1.659%, (BP0003M + 0.800%), 08/20/2056   1,447,458    0.9 
 250,000   (1)  Station Place Securitization Trust 2015-2 A, 3.039%, (US0001M + 1.050%), 07/15/2019   250,000    0.1 
 546,717      WaMu Mortgage Pass-Through Certificates Series 2006-AR9 1A, 3.397%, (12MTA + 1.000%), 08/25/2046   514,868    0.3 
                   
     Total Collateralized Mortgage Obligations
(Cost $5,494,574)
   5,355,188    3.1 
                   
MUNICIPAL BONDS: 2.3%          
        California: 0.6%          
 350,000      Bay Area Toll Authority, 7.043%, 04/01/2050   536,175    0.3 
 400,000      East Bay Municipal Utility District Water System Revenue, 5.874%, 06/01/2040   527,092    0.3 
            1,063,267    0.6 
                   
        Illinois: 1.3%          
 924,000      City of Chicago IL, 7.750%, 01/01/2042   1,180,512    0.7 
 735,000      State of Illinois, 5.100%, 06/01/2033   722,806    0.4 
 55,000      State of Illinois, 6.630%, 02/01/2035   59,737    0.1 
 120,000      State of Illinois, 7.350%, 07/01/2035   136,445    0.1 
            2,099,500    1.3 
                   
        Minnesota: 0.1%          
 123,057      Northstar Education Finance, Inc., 1.414%, (US0003M + 0.100%), 04/28/2030   122,608    0.1 
                   
        Puerto Rico: 0.3%          
 11,000   (8)  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, 3.330%, 07/01/2024   9,250    0.0 
 18,000   (8)  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, 3.570%, 07/01/2027   13,444    0.0 
 18,000   (8)  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, 4.030%, 07/01/2029   11,958    0.0 
 23,000   (8)  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, 4.310%, 07/01/2031   13,635    0.0 
 26,000   (8)  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, 4.480%, 07/01/2033   13,830    0.0 

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

 

Principal
Amount†
         Value   Percentage
of Net
Assets
 
MUNICIPAL BONDS: (continued)          
        Puerto Rico: (continued)          
 19,000      Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, 4.500%, 07/01/2034  $19,257    0.0 
 10,000      Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, 4.550%, 07/01/2040   9,865    0.0 
 98,000      Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, 4.550%, 07/01/2040   86,731    0.1 
 71,000      Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, 4.750%, 07/01/2053   67,498    0.1 
 3,000      Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, 4.750%, 07/01/2053   2,580    0.0 
 179,000      Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, 5.000%, 07/01/2058   177,308    0.1 
 39,000      Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, 5.000%, 07/01/2058   34,223    0.0 
 247,000   (8)  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, 5.700%, 07/01/2046   53,438    0.0 
 201,000   (8)  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, 5.770%, 07/01/2051   32,054    0.0 
            545,071    0.3 
                   
     Total Municipal Bonds
(Cost $3,666,606)
   3,830,446    2.3 
                   
COMMERCIAL MORTGAGE-BACKED SECURITIES: 0.6%          
 800,000   (1)  Exantas Capital Corp. 2018-RSO6 A Ltd., 3.314%, (US0001M + 0.830%), 06/15/2035   797,009    0.4 
 298,242   (1)  TPG Real Estate Finance 2018-FL-1 A Issuer Ltd., 3.234%, (US0001M + 0.750%), 02/15/2035   297,121    0.2 
                   
     Total Commercial Mortgage-Backed Securities
(Cost $1,098,242)
   1,094,130    0.6 
                   
SOVEREIGN BONDS: 1.0%          
 110,000   (5)  Argentina Government International Bond, 3.750%, 12/31/2038   63,938    0.1 
EUR160,000      Argentine Republic Government International Bond, 3.375%, 01/15/2023   144,549    0.1 
EUR10,000   (5)  Argentine Republic Government International Bond, 3.380%, 12/31/2038   6,367    0.0 
EUR190,000      Argentine Republic Government International Bond, 5.250%, 01/15/2028   157,788    0.1 
 230,000      Argentine Republic Government International Bond, 6.875%, 01/11/2048   169,913    0.1 
 200,000      Colombia Government International Bond, 5.200%, 05/15/2049   215,460    0.1 
MXN811,700      Mexican Bonos, 6.500%, 06/10/2021   40,760    0.0 
MXN2,257,000      Mexican Bonos, 6.500%, 06/09/2022   112,095    0.1 
MXN434,700      Mexican Bonos, 7.750%, 11/23/2034   21,324    0.0 
MXN19,100      Mexican Bonos, 8.000%, 11/07/2047   935    0.0 
MXN656,800      Mexico Government Bond, 8.000%, 12/07/2023   34,090    0.0 
ZAR990,000      Republic of South Africa Government Bond, 6.250%, 03/31/2036   49,865    0.0 
ZAR300,000      Republic of South Africa Government Bond, 6.500%, 02/28/2041   14,732    0.0 
ZAR1,490,000      Republic of South Africa Government Bond, 7.000%, 02/28/2031   86,594    0.1 
ZAR560,000      Republic of South Africa Government Bond, 8.000%, 01/31/2030   35,801    0.0 
ZAR2,647,000      Republic of South Africa Government Bond, 8.250%, 03/31/2032   168,422    0.1 
ZAR590,000      Republic of South Africa Government Bond, 8.750%, 01/31/2044   37,046    0.0 
ZAR530,000      Republic of South Africa Government Bond, 8.875%, 02/28/2035   34,621    0.0 
ZAR60,000      Republic of South Africa Government Bond, 9.000%, 01/31/2040   3,874    0.0 
 280,000      Turkey Government International Bond, 5.125%, 02/17/2028   240,461    0.2 
                   
     Total Sovereign Bonds
(Cost $1,896,873)
   1,638,635    1.0 

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

 

Principal
Amount†
         Value   Percentage
of Net
Assets
 
U.S. TREASURY OBLIGATIONS: 2.9%          
        Treasury Inflation Indexed Protected Securities: 2.9%          
 4,903,545      0.750%, 07/15/2028  $5,017,462    2.9 
                   
     Total U.S. Treasury Obligations
(Cost $4,784,579)
   5,017,462    2.9 
                   
ASSET-BACKED SECURITIES: 15.4%          
        Other Asset-Backed Securities: 8.2%          
 1,000,000   (1)  Catamaran CLO 2013-1A AR Ltd., 3.615%, (US0003M + 0.850%), 01/27/2028   992,116    0.6 
 2,250,000   (1)  CBAM 2018-5A A Ltd., 3.793%, (US0003M + 1.020%), 04/17/2031   2,223,941    1.3 
 1,300,000   (1)  Crown Point CLO III Ltd. 2015-3A A1AR, 3.697%, (US0003M + 0.910%), 12/31/2027   1,294,766    0.8 
 800,000   (1)  KREF 2018-FL1 A Ltd., 3.584%, (US0001M + 1.100%), 06/15/2036   798,737    0.5 
 1,600,000   (1)  Madison Park Funding XXX Ltd. 2018-30A A, 3.537%, (US0003M + 0.750%), 04/15/2029   1,571,997    0.9 
 1,050,000   (1)  OCP CLO 2015-9A A1R Ltd., 3.587%, (US0003M + 0.800%), 07/15/2027   1,043,623    0.6 
 600,000   (1)  Orec 2018-CRE1 A Ltd., 3.664%, (US0001M + 1.180%), 06/15/2036   600,002    0.3 
 280,804   (1)  Ready Capital Mortgage Financing 2018-FL2 A LLC, 3.336%, (US0001M + 0.850%), 06/25/2035   280,251    0.2 
 2,150,000   (1)  Saranac CLO Ltd 2014-2A A1AR, 3.874%, (US0003M + 1.230%), 11/20/2029   2,145,029    1.2 
 1,000,000      Soundview Home Loan Trust 2005-2 M6, 3.566%, (US0001M + 1.080%), 07/25/2035   1,011,807    0.6 
 975,000   (1)  TPG Real Estate Finance 2018-FL2 A Issuer Ltd., 3.614%, (US0001M + 1.130%), 11/15/2037   974,995    0.6 
 1,110,000   (1)  Tryon Park CLO Ltd. 2013-1A A1SR, 3.677%, (US0003M + 0.890%), 04/15/2029   1,100,758    0.6 
            14,038,022    8.2 
                   
        Student Loan Asset-Backed Securities: 7.2%          
 986,753   (1)  Academic Loan Funding Trust 2012-1A A2, 3.586%, (US0001M + 1.100%), 12/27/2044   992,545    0.6 
 133,908   (1)  Bank of America Student Loan Trust 2010-1A A, 3.571%, (US0003M + 0.800%), 02/25/2043   134,475    0.1 
 668,440   (1)  ECMC Group Student Loan Trust 2016-1, 3.840%, (US0001M + 1.350%), 07/26/2066   675,590    0.4 
 1,100,000   (1)  EFS Volunteer No 2 LLC 2012-1 A2, 3.836%, (US0001M + 1.350%), 03/25/2036   1,120,711    0.7 
 640,755   (1)  EFS Volunteer No 3 LLC 2012-1 A3, 3.486%, (US0001M + 1.000%), 04/25/2033   643,593    0.4 
 600,000      Montana Higher Education Student Assistance Corp. 2012-1 A3, 3.530%, (US0001M + 1.050%), 07/20/2043   602,931    0.4 
 1,413,841   (1)  Navient Student Loan Trust 2016-5A A, 3.736%, (US0001M + 1.250%), 06/25/2065   1,434,561    0.8 
 1,100,000   (1)  Nelnet Student Loan Trust 2006-2 A7, 3.351%, (US0003M + 0.580%), 01/26/2037   1,077,600    0.6 
 709,634   (1)  Pennsylvania Higher Education Association Student Loan Trust 2016-1, 3.636%, (US0001M + 1.150%), 09/25/2065   721,703    0.4 
 233,710   (1)  Scholar Funding Trust 2010-A A, 3.515%, (US0003M + 0.750%), 10/28/2041   233,894    0.1 
 533,342   (1)  SLM Student Loan Trust 2003-1 A5A, 2.721%, (US0003M + 0.110%), 12/15/2032   507,620    0.3 
 691,710   (1)  SLM Student Loan Trust 2003-7A A5A, 3.811%, (US0003M + 1.200%), 12/15/2033   692,826    0.4 
 463,773      SLM Student Loan Trust 2005-4 A3, 2.891%, (US0003M + 0.120%), 01/25/2027   461,396    0.3 
 217,550      SLM Student Loan Trust 2007-1 A5, 2.861%, (US0003M + 0.090%), 01/26/2026   217,200    0.1 
 735,229      SLM Student Loan Trust 2007-2 A4, 2.831%, (US0003M + 0.060%), 07/25/2022   721,419    0.4 

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

 

Principal
Amount†
         Value   Percentage
of Net
Assets
 
ASSET-BACKED SECURITIES: (continued)          
        Student Loan Asset-Backed Securities: (continued)          
 351,254      SLM Student Loan Trust 2007-7 A4, 3.101%, (US0003M + 0.330%), 01/25/2022  $345,377    0.2 
 127,866      SLM Student Loan Trust 2008-2 A3, 3.521%, (US0003M + 0.750%), 04/25/2023   126,689    0.1 
 352,923      SLM Student Loan Trust 2008-4 A4, 4.421%, (US0003M + 1.650%), 07/25/2022   357,123    0.2 
 567,331      SLM Student Loan Trust 2008-5 A4, 4.471%, (US0003M + 1.700%), 07/25/2023   575,051    0.3 
 500,930      SLM Student Loan Trust 2008-6 A4, 3.871%, (US0003M + 1.100%), 07/25/2023   501,336    0.3 
 201,911      SLM Student Loan Trust 2008-8 A4, 4.271%, (US0003M + 1.500%), 04/25/2023   204,088    0.1 
            12,347,728    7.2 
                   
     Total Asset-Backed Securities
(Cost $26,273,461)
   26,385,750    15.4 
                   
U.S. GOVERNMENT AGENCY OBLIGATIONS: 34.7%          
        Federal Home Loan Mortgage Corporation: 1.3%(9)          
 74,666      4.000%, 02/01/2041   77,543    0.1 
 40,806      4.000%, 02/01/2041   42,379    0.0 
 1,941,076      4.500%, 08/01/2048   2,071,627    1.2 
            2,191,549    1.3 
                   
        Federal National Mortgage Association: 16.0%(9)          
 126,632      4.000%, 03/01/2046   130,988    0.1 
 107,703      4.000%, 03/01/2046   111,419    0.1 
 161,427      4.000%, 06/01/2046   166,964    0.1 
 39,614      4.000%, 08/01/2046   40,970    0.0 
 212,775      4.000%, 10/01/2046   220,062    0.1 
 46,279      4.000%, 10/01/2046   47,859    0.0 
 577,204      4.000%, 01/01/2048   604,197    0.4 
 363,353      4.000%, 02/01/2048   380,306    0.2 
 812,261      4.000%, 02/01/2048   846,853    0.5 
 1,081,181      4.000%, 03/01/2048   1,126,781    0.7 
 958,437      4.000%, 06/01/2048   1,002,132    0.6 
 952,750      4.000%, 06/01/2048   996,778    0.6 
 5,000,000   (10)  4.500%, 05/15/2035   5,206,362    3.0 
 13,000,000   (10)  4.500%, 04/25/2039   13,547,105    7.9 
 588,929      4.500%, 04/01/2045   627,224    0.4 
 66,194      4.500%, 05/01/2045   70,733    0.0 
 178,290      4.500%, 02/01/2046   187,188    0.1 
 356,115      4.500%, 07/01/2047   375,530    0.2 
 404,600      4.500%, 07/01/2047   426,702    0.3 
 171,922      4.500%, 11/01/2047   181,351    0.1 
 1,000,000   (10)  5.000%, 04/01/2037   1,057,481    0.6 
            27,354,985    16.0 
                   
        Government National Mortgage Association: 17.4%          
 2,259,608      4.000%, 10/20/2043   2,351,873    1.4 
 347,690      4.000%, 07/20/2045   360,938    0.2 
 258,369      4.000%, 08/20/2045   268,261    0.1 
 10,978      4.000%, 10/20/2045   11,382    0.0 
 10,000,000   (10)  4.500%, 04/01/2044   10,386,084    6.1 
 907,738      4.500%, 02/20/2048   945,588    0.5 
 923,954      4.500%, 04/20/2048   960,229    0.6 
 2,445,950      4.500%, 10/20/2048   2,542,932    1.5 
 4,966,597      4.500%, 12/20/2048   5,183,445    3.0 
 1,494,337      4.500%, 01/20/2049   1,554,336    0.9 
 132,928      5.000%, 11/20/2048   139,345    0.1 
 3,851,676      5.000%, 01/20/2049   4,035,919    2.4 
 997,590      5.000%, 02/20/2049   1,047,615    0.6 
            29,787,947    17.4 
                   
     Total U.S. Government Agency Obligations
(Cost $59,049,281)
   59,334,481    34.7 
                   
     Total Long-Term Investments
(Cost $170,064,411)
   171,381,938    100.2 
                   
SHORT-TERM INVESTMENTS: 17.8%          
        Commercial Paper: 1.2%          
 1,300,000      VW Credit, Inc., 3.000%, 07/08/2019   1,289,503    0.8 
 750,000      VW Credit, Inc., 3.220%, 12/06/2019   733,809    0.4 
            2,023,312    1.2 
                   
        Securities Lending Collateral(11): 0.3%          
 523,314      RBC Dominion Securities Inc., Repurchase Agreement dated 03/29/19, 2.65%, due 04/01/19 (Repurchase Amount $523,428, collateralized by various U.S. Government and U.S. Government Agency Obligations, 0.000%-7.000%, Market Value plus accrued interest $533,780, due 04/11/19-09/09/49)          
        (Cost $523,314)   523,314    0.3 

 

Shares         Value   Percentage
of Net
Assets
 
        Mutual Funds: 16.3%          
 27,879,130   (12)  BlackRock Liquidity Funds, FedFund, Institutional Class, 2.360%
(Cost $27,879,130)
   27,879,130    16.3 
                   
     Total Short-Term Investments
(Cost $30,423,862)
   30,425,756    17.8 

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

                   
     Total Investments in Securities
(Cost $200,488,273)
  $201,807,694    118.0 
     Liabilities in Excess of Other Assets   (30,823,542)   (18.0)
     Net Assets  $170,984,152    100.0 

 

Unless otherwise indicated, principal amount is shown in USD.
(1) Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers.
(2) Security, or a portion of the security, is on loan.
(3) Defaulted security
(4) Restricted security as to resale, excluding Rule 144A securities. As of March 31, 2019, the Portfolio held restricted securities with a fair value of $374,000 or 0.2% of net assets. Please refer to the table below for additional details.
(5) Variable rate security. Rate shown is the rate in effect as of March 31, 2019.
(6) 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.
(7) For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs.
(8) Represents a zero coupon bond. Rate shown reflects the effective yield as of March 31, 2019.
(9) 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.
(10) Settlement is on a when-issued or delayed-delivery basis.
(11) Represents securities purchased with cash collateral received for securities on loan.
(12) Rate shown is the 7-day yield as of March 31, 2019.

 

EUR EU Euro
GBP British Pound
MXN Mexican Peso
ZAR South African Rand

 

Reference Rate Abbreviations:
12MTA 12-month Treasury Average
BP0003M 3-month GBP-LIBOR
EUR003M 3-month EURIBOR
US0001M 1-month LIBOR
US0003M 3-month LIBOR

 

Fair Value Measurements

 

The following is a summary of the fair valuations according to the inputs used as of March 31, 2019 in valuing the assets and liabilities:

 

   Quoted Prices
in Active Markets
for Identical
Investments
(Level 1)
   Significant
Other
Observable
Inputs
(Level 2)
   Significant
Unobservable
Inputs
(Level 3)
   Fair Value
at
March 31, 2019
 
Asset Table                    
Investments, at fair value                             
Corporate Bonds/Notes  $   $68,725,846   $   $68,725,846 
Collateralized Mortgage Obligations       4,939,374    415,814    5,355,188 
Municipal Bonds       3,830,446        3,830,446 
Commercial Mortgage-Backed Securities       1,094,130        1,094,130 

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

 

   Quoted Prices
in Active Markets
for Identical
Investments
(Level 1)
   Significant
Other
Observable
Inputs
(Level 2)
   Significant
Unobservable
Inputs
(Level 3)
   Fair Value
at
March 31, 2019
 
U.S. Treasury Obligations  $   $5,017,462   $   $5,017,462 
Asset-Backed Securities       26,385,750        26,385,750 
U.S. Government Agency Obligations   13,547,105    45,787,376        59,334,481 
Sovereign Bonds       1,638,635        1,638,635 
Short-Term Investments   27,879,130    2,546,626        30,425,756 
Total Investments, at fair value  $41,426,235   $159,965,645   $415,814   $201,807,694 
Other Financial Instruments+                    
Centrally Cleared Swaps       745,003        745,003 
Forward Foreign Currency Contracts       457,494        457,494 
Futures   996,997            996,997 
Total Assets  $42,423,232   $161,168,142   $415,814   $204,007,188 
Liabilities Table                    
Other Financial Instruments+                    
Centrally Cleared Swaps  $   $(526,781)  $   $(526,781)
Forward Foreign Currency Contracts       (429,192)       (429,192)
Futures   (216,942)           (216,942)
OTC Swaps       (142,306)       (142,306)
Sales Commitments       (4,120,742)       (4,120,742)
Total Liabilities  $(216,942)  $(5,219,021)  $   $(5,435,963)

 

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

 

At March 31, 2019, VY® Goldman Sachs Bond Portfolio held the following restricted securities:

 

Security  Acquisition Date  Acquisition Cost   Fair Value 
Petroleos de Venezuela SA  5/15/2017  $619,558   $319,700 
Petroleos de Venezuela SA  8/15/2017   76,847    54,300 
      $696,405   $374,000 

 

At March 31, 2019, the following forward foreign currency contracts were outstanding for VY® Goldman Sachs Bond Portfolio:

 

Currency Purchased  Currency Sold  Counterparty  Settlement
Date
  Unrealized
Appreciation
(Depreciation)
 
USD 317,900  INR 21,936,284  Bank of America N.A.  04/02/19  $1,244 
USD 105,923  BRL 399,846  Bank of America N.A.  04/02/19   3,800 
BRL 595,772  USD 155,901  Bank of America N.A.  04/02/19   (3,738)
USD 1,205,311  INR 83,232,769  Bank of America N.A.  04/02/19   3,828 
INR 21,936,284  USD 310,014  Bank of America N.A.  04/02/19   6,641 
INR 83,232,769  USD 1,206,206  Bank of America N.A.  04/02/19   (4,722)
IDR 2,220,192,213  USD 156,066  Bank of America N.A.  04/05/19   (235)
PHP 11,956,858  USD 225,537  Bank of America N.A.  04/12/19   1,681 
INR 83,232,769  USD 1,202,004  Bank of America N.A.  04/22/19   (5,576)
IDR 4,345,914,209  USD 307,219  Bank of America N.A.  04/25/19   (3,248)
SGD 130,646  USD 96,885  Bank of America N.A.  06/19/19   (341)
HUF 31,167,834  EUR 96,953  Bank of America N.A.  06/19/19   (184)
EUR 269,107  USD 303,761  Bank of America N.A.  06/19/19   (68)
USD 424,293  SGD 574,942  Bank of America N.A.  06/19/19   (572)
ZAR 336,311  USD 23,049  Bank of America N.A.  06/19/19   39 
AUD 1,273,776  USD 903,479  Bank of America N.A.  06/19/19   2,295 
EUR 127,198  GBP 109,623  Bank of America N.A.  06/19/19   300 
SGD 278,875  USD 206,772  Bank of America N.A.  06/19/19   (692)
EUR 138,961  PLN 599,748  Bank of America N.A.  06/19/19   326 
USD 157,072  ZAR 2,270,293  Bank of America N.A.  06/19/19   1,214 
USD 249,035  AUD 349,669  Bank of America N.A.  06/19/19   388 
USD 156,011  MXN 3,053,326  Bank of America N.A.  06/19/19   687 

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

 

         Settlement
Date
  Unrealized
Appreciation
(Depreciation)
 
USD 397,000  SGD 537,500  Bank of America N.A.  06/19/19  $(197)
USD 155,909  MXN 3,023,843  Bank of America N.A.  06/19/19   2,084 
MXN 14,869,374  USD 754,044  Bank of America N.A.  06/19/19   2,371 
USD 314,045  GBP 237,019  Bank of America N.A.  06/19/19   4,121 
USD 313,070  JPY 34,427,094  Bank of America N.A.  06/19/19   516 
MXN 2,976,848  USD 155,950  Bank of America N.A.  06/19/19   (4,516)
USD 156,089  MXN 3,010,027  Bank of America N.A.  06/19/19   2,967 
USD 155,073  COP 482,276,315  Barclays Bank PLC  04/01/19   3,796 
USD 155,118  COP 477,141,799  Barclays Bank PLC  04/01/19   5,451 
BRL 801,074  USD 211,505  Barclays Bank PLC  04/02/19   (6,906)
USD 154,901  BRL 597,530  Barclays Bank PLC  04/02/19   2,289 
USD 118,054  CLP 77,974,667  Barclays Bank PLC  04/04/19   3,470 
USD 92,916  CLP 60,525,756  Barclays Bank PLC  04/04/19   3,974 
USD 88,221  CLP 57,969,783  Barclays Bank PLC  04/04/19   3,034 
CLP 41,475,650  USD 61,876  Barclays Bank PLC  04/04/19   (928)
CLP 116,886,893  USD 179,809  Barclays Bank PLC  04/04/19   (8,044)
CLP 61,348,138  USD 92,980  Barclays Bank PLC  04/04/19   (2,829)
MYR 1,019,887  USD 250,267  Barclays Bank PLC  04/05/19   (438)
TWD 67,541,186  USD 2,202,981  Barclays Bank PLC  04/11/19   (11,810)
COP 628,427,344  USD 203,152  Barclays Bank PLC  04/15/19   (6,189)
USD 61,914  RUB 4,023,589  Barclays Bank PLC  04/15/19   724 
USD 69,343  RUB 4,476,962  Barclays Bank PLC  04/15/19   1,258 
USD 231,147  RUB 15,270,943  Barclays Bank PLC  04/15/19   (1,090)
RUB 10,070,690  USD 156,098  Barclays Bank PLC  04/15/19   (2,946)
USD 247,488  RUB 16,039,687  Barclays Bank PLC  04/15/19   1,781 
USD 154,545  RUB 10,206,141  Barclays Bank PLC  04/15/19   (667)
RUB 4,991,259  USD 76,677  Barclays Bank PLC  04/15/19   (771)
USD 76,201  COP 240,186,939  Barclays Bank PLC  04/15/19   922 
USD 85,945  RUB 5,669,192  Barclays Bank PLC  04/15/19   (271)
CLP 62,078,766  USD 92,877  Barclays Bank PLC  04/18/19   (1,650)
CLP 104,901,133  USD 156,126  Barclays Bank PLC  04/18/19   (1,971)
KRW 173,940,583  USD 155,069  Barclays Bank PLC  04/18/19   (1,932)
USD 396,370  KRW 445,242,000  Barclays Bank PLC  04/18/19   4,380 
KRW 234,002,678  USD 206,762  Barclays Bank PLC  04/18/19   (747)
USD 62,034  KRW 69,974,025  Barclays Bank PLC  04/18/19   429 
USD 247,488  TWD 7,628,070  Barclays Bank PLC  04/29/19   (365)
USD 424,293  TWD 13,092,417  Barclays Bank PLC  04/29/19   (348)
COP 236,759,849  USD 74,266  Barclays Bank PLC  05/02/19   949 
GBP 236,984  USD 311,393  Barclays Bank PLC  06/19/19   (1,514)
USD 155,131  JPY 16,998,569  Barclays Bank PLC  06/19/19   806 
USD 67,612  TRY 385,488  Barclays Bank PLC  06/19/19   3,223 
USD 218,016  ZAR 3,133,426  Barclays Bank PLC  06/19/19   2,903 
USD 155,947  JPY 17,107,261  Barclays Bank PLC  06/19/19   635 
EUR 138,037  USD 157,714  Barclays Bank PLC  06/19/19   (1,832)
USD 313,984  SGD 424,533  Barclays Bank PLC  06/19/19   267 
USD 77,509  JPY 8,492,344  Barclays Bank PLC  06/19/19   409 
JPY 212,626,481  USD 1,918,738  Barclays Bank PLC  06/19/19   11,639 
USD 424,293  CNH 2,862,835  Barclays Bank PLC  06/19/19   (1,443)
USD 68,057  TRY 391,342  Barclays Bank PLC  06/19/19   2,690 
JPY 8,530,013  USD 77,509  Barclays Bank PLC  06/19/19   (67)
USD 92,894  TRY 534,961  Barclays Bank PLC  06/19/19   3,538 
EUR 136,826  ZAR 2,252,217  Barclays Bank PLC  06/19/19   (102)
GBP 354,947  EUR 412,625  Barclays Bank PLC  06/19/19   (1,844)
USD 627,904  SGD 847,537  Barclays Bank PLC  06/19/19   1,599 
ZAR 2,276,593  USD 156,082  Barclays Bank PLC  06/19/19   209 
ZAR 2,279,341  USD 155,957  Barclays Bank PLC  06/19/19   522 
ZAR 1,930,476  USD 132,115  Barclays Bank PLC  06/19/19   414 
GBP 463,455  EUR 537,121  Barclays Bank PLC  06/19/19   4,074 
MXN 3,075,811  USD 156,926  Barclays Bank PLC  06/19/19   (457)
ZAR 2,265,728  USD 156,014  Barclays Bank PLC  06/19/19   (469)
USD 247,488  SGD 335,065  Barclays Bank PLC  06/19/19   (241)
COP 1,019,401,262  USD 321,157  Citibank N.A.  04/01/19   (1,398)
USD 289,576  INR 19,981,849  Citibank N.A.  04/02/19   1,134 
INR 19,981,849  USD 278,761  Citibank N.A.  04/02/19   9,682 
USD 156,030  BRL 596,433  Citibank N.A.  04/02/19   3,698 
USD 68,920  BRL 257,932  Citibank N.A.  04/02/19   3,043 
BRL 266,951  USD 69,509  Citibank N.A.  04/02/19   (1,329)

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

 

         Settlement
Date
  Unrealized
Appreciation
(Depreciation)
 
ARS 3,705,479  USD 89,678  Citibank N.A.  04/03/19  $(4,336)
USD 720,311  CLP 488,803,252  Citibank N.A.  04/04/19   2,014 
CLP 538,202,134  USD 806,658  Citibank N.A.  04/04/19   (15,769)
USD 153,964  KRW 174,517,923  Citibank N.A.  04/05/19   236 
GBP 264,000  USD 344,678  Citibank N.A.  04/12/19   (656)
COP 449,326,709  USD 140,557  Citibank N.A.  04/15/19   272 
USD 93,082  COP 289,461,592  Citibank N.A.  04/15/19   2,358 
KRW 174,517,923  USD 154,019  Citibank N.A.  04/18/19   (374)
KRW 1,895,508,884  USD 1,685,871  Citibank N.A.  04/18/19   (17,071)
CLP 488,803,252  USD 720,290  Citibank N.A.  04/18/19   (1,978)
USD 61,987  ARS 2,583,620  Citibank N.A.  04/22/19   3,947 
IDR 2,252,253,015  USD 157,116  Citibank N.A.  04/25/19   415 
USD 272,147  MXN 5,242,069  Citibank N.A.  04/25/19   3,077 
EUR 336,457  USD 385,132  Citibank N.A.  04/26/19   (6,945)
JPY 7,631,273  USD 69,060  Citibank N.A.  06/19/19   223 
EUR 219,864  SEK 2,294,394  Citibank N.A.  06/19/19   37 
JPY 17,346,847  USD 156,533  Citibank N.A.  06/19/19   955 
EUR 136,913  NOK 1,332,204  Citibank N.A.  06/19/19   (318)
NZD 227,936  USD 158,126  Citibank N.A.  06/19/19   (2,665)
AUD 218,889  USD 156,628  Citibank N.A.  06/19/19   (978)
GBP 127,436  USD 168,593  Citibank N.A.  06/19/19   (1,958)
GBP 65,712  USD 87,601  Citibank N.A.  06/19/19   (1,677)
EUR 137,030  SEK 1,430,648  Citibank N.A.  06/19/19   (49)
EUR 275,080  GBP 237,842  Citibank N.A.  06/19/19   (357)
GBP 74,747  EUR 86,961  Citibank N.A.  06/19/19   (466)
JPY 16,068,676  USD 144,897  Citibank N.A.  06/19/19   986 
AUD 140,960  EUR 87,777  Citibank N.A.  06/19/19   1,111 
CAD 4,642,853  USD 3,477,662  Citibank N.A.  06/19/19   3,468 
USD 106,069  AUD 149,350  Citibank N.A.  06/19/19   (133)
USD 88,728  JPY 9,711,626  Citibank N.A.  06/19/19   559 
USD 135,378  TRY 806,855  Citibank N.A.  06/19/19   608 
USD 247,488  CNH 1,664,504  Citibank N.A.  06/19/19   (65)
NZD 245,611  USD 168,518  Citibank N.A.  06/19/19   (1,003)
NOK 584,887  USD 68,709  Citibank N.A.  06/19/19   (688)
JPY 17,173,301  USD 155,870  Citibank N.A.  06/19/19   41 
NOK 6,587,311  EUR 674,432  Citibank N.A.  06/19/19   4,462 
NZD 99,909  USD 68,760  Citibank N.A.  06/19/19   (618)
USD 69,103  GBP 52,128  Citibank N.A.  06/19/19   941 
USD 75,267  SEK 696,164  Citibank N.A.  06/19/19   (58)
USD 156,044  MXN 3,059,440  Citibank N.A.  06/19/19   408 
CHF 68,632  USD 68,957  Citibank N.A.  06/19/19   489 
GBP 65,215  CAD 115,372  Citibank N.A.  06/19/19   (1,229)
USD 113,095  EUR 98,942  Citibank N.A.  06/19/19   1,361 
PLN 2,849,510  EUR 659,487  Citibank N.A.  06/19/19   (711)
SEK 1,172,867  USD 127,453  Citibank N.A.  06/19/19   (550)
USD 61,904  TRY 355,552  Citibank N.A.  06/19/19   2,515 
PLN 595,259  EUR 137,888  Citibank N.A.  06/19/19   (286)
USD 94,038  COP 293,357,553  Credit Suisse International  04/01/19   2,020 
USD 155,026  COP 482,406,433  Credit Suisse International  04/01/19   3,708 
CLP 136,001,465  USD 204,219  Credit Suisse International  04/04/19   (4,364)
USD 155,011  CLP 100,576,112  Credit Suisse International  04/04/19   7,215 
RUB 6,149,149  USD 95,395  Credit Suisse International  04/11/19   (1,819)
USD 318,962  RUB 20,689,637  Credit Suisse International  04/15/19   2,025 
RUB 13,320,418  USD 206,362  Credit Suisse International  04/15/19   (3,788)
RUB 4,577,393  USD 69,083  Credit Suisse International  04/15/19   529 
USD 92,948  COP 290,676,593  Credit Suisse International  04/15/19   1,844 
USD 570,366  COP 1,794,370,584  Deutsche Bank AG  04/01/19   7,520 
USD 165,845  INR 11,443,923  Deutsche Bank AG  04/02/19   649 
USD 132,150  INR 9,255,160  Deutsche Bank AG  04/02/19   (1,450)
INR 9,255,160  USD 134,125  Deutsche Bank AG  04/02/19   (525)
USD 1,288,916  BRL 5,055,130  Deutsche Bank AG  04/02/19   (2,189)
BRL 588,269  USD 155,011  Deutsche Bank AG  04/02/19   (4,765)
INR 11,443,923  USD 159,871  Deutsche Bank AG  04/02/19   5,324 
USD 231,238  INR 16,114,962  Deutsche Bank AG  04/02/19   (1,385)
INR 16,114,962  USD 233,537  Deutsche Bank AG  04/02/19   (914)
USD 545,943  ZAR 7,643,099  Deutsche Bank AG  04/03/19   16,293 
USD 100,602  CLP 66,799,974  Deutsche Bank AG  04/04/19   2,440 

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

 

         Settlement
Date
  Unrealized
Appreciation
(Depreciation)
 
KRW 174,517,923  USD 155,076  Deutsche Bank AG  04/05/19  $(1,348)
USD 638,701  TWD 19,684,768  Deutsche Bank AG  04/08/19   62 
TWD 4,751,010  USD 154,063  Deutsche Bank AG  04/08/19   75 
USD 61,920  COP 195,977,591  Deutsche Bank AG  04/15/19   497 
COP 1,794,370,584  USD 569,913  Deutsche Bank AG  04/15/19   (7,518)
COP 197,115,613  USD 61,908  Deutsche Bank AG  04/15/19   (128)
USD 93,018  CLP 62,042,706  Deutsche Bank AG  04/18/19   1,844 
INR 10,793,838  USD 156,070  Deutsche Bank AG  04/22/19   (914)
TWD 19,684,768  USD 639,301  Deutsche Bank AG  04/29/19   (843)
USD 186,038  KRW 211,159,131  Deutsche Bank AG  04/30/19   (366)
BRL 5,055,130  USD 1,286,391  Deutsche Bank AG  05/03/19   2,138 
ARS 14,618,913  USD 331,419  Deutsche Bank AG  05/28/19   (18,318)
PLN 3,734,477  EUR 867,641  Deutsche Bank AG  06/19/19   (4,703)
GBP 120,734  EUR 140,074  Deutsche Bank AG  06/19/19   (311)
JPY 34,627,233  EUR 277,956  Deutsche Bank AG  06/19/19   480 
GBP 235,774  EUR 275,133  Deutsche Bank AG  06/19/19   (2,406)
ZAR 902,857  USD 62,066  Deutsche Bank AG  06/19/19   (84)
USD 312,856  CAD 417,008  Deutsche Bank AG  06/19/19   190 
USD 313,087  JPY 34,438,950  Deutsche Bank AG  06/19/19   425 
USD 124,017  EUR 108,878  Deutsche Bank AG  06/19/19   1,063 
EUR 437,501  PLN 1,886,779  Deutsche Bank AG  06/19/19   1,405 
EUR 139,155  AUD 222,228  Deutsche Bank AG  06/19/19   (879)
AUD 221,023  USD 157,450  Deutsche Bank AG  06/19/19   (281)
ZAR 3,596,032  USD 246,038  Deutsche Bank AG  06/19/19   833 
AUD 695,796  USD 494,341  Deutsche Bank AG  06/19/19   435 
CZK 9,499,436  USD 420,001  Deutsche Bank AG  06/19/19   (6,273)
EUR 139,855  JPY 17,359,889  Deutsche Bank AG  06/19/19   330 
USD 5,994,831  EUR 5,263,148  Deutsche Bank AG  06/19/19   51,254 
EUR 136,901  USD 156,441  Deutsche Bank AG  06/19/19   (1,842)
USD 155,984  COP 481,038,441  JPMorgan Chase Bank N.A.  04/01/19   5,095 
COP 2,991,189,863  USD 971,039  JPMorgan Chase Bank N.A.  04/01/19   (32,783)
USD 327,624  INR 22,607,294  JPMorgan Chase Bank N.A.  04/02/19   1,283 
INR 11,008,221  USD 159,531  JPMorgan Chase Bank N.A.  04/02/19   (625)
USD 154,927  INR 11,008,221  JPMorgan Chase Bank N.A.  04/02/19   (3,979)
BRL 606,136  USD 156,088  JPMorgan Chase Bank N.A.  04/02/19   (1,278)
BRL 268,704  USD 69,938  JPMorgan Chase Bank N.A.  04/02/19   (1,310)
INR 22,607,294  USD 315,965  JPMorgan Chase Bank N.A.  04/02/19   10,376 
USD 84,697  ARS 3,705,479  JPMorgan Chase Bank N.A.  04/03/19   (645)
USD 93,096  CLP 60,446,941  JPMorgan Chase Bank N.A.  04/04/19   4,269 
USD 105,929  CLP 70,686,448  JPMorgan Chase Bank N.A.  04/04/19   2,055 
USD 309,634  IDR 4,423,118,853  JPMorgan Chase Bank N.A.  04/05/19   (816)
IDR 2,202,926,640  USD 154,964  JPMorgan Chase Bank N.A.  04/05/19   (345)
TWD 11,942,312  USD 388,065  JPMorgan Chase Bank N.A.  04/08/19   (617)
USD 231,629  TWD 7,125,906  JPMorgan Chase Bank N.A.  04/11/19   450 
USD 600,000  TWD 18,366,000  JPMorgan Chase Bank N.A.  04/11/19   4,170 
PHP 8,291,067  USD 156,047  JPMorgan Chase Bank N.A.  04/12/19   1,510 
RUB 115,733,571  USD 1,734,902  JPMorgan Chase Bank N.A.  04/15/19   25,147 
USD 168,211  CLP 113,811,488  JPMorgan Chase Bank N.A.  04/18/19   (1,955)
USD 235,717  KRW 266,038,998  JPMorgan Chase Bank N.A.  04/18/19   1,498 
ARS 3,860,561  USD 92,858  JPMorgan Chase Bank N.A.  04/22/19   (6,132)
ARS 2,603,513  USD 62,062  JPMorgan Chase Bank N.A.  04/22/19   (3,575)
USD 155,447  IDR 2,202,294,239  JPMorgan Chase Bank N.A.  04/25/19   1,410 
IDR 4,423,118,853  USD 308,554  JPMorgan Chase Bank N.A.  04/25/19   817 
ARS 2,754,360  USD 63,000  JPMorgan Chase Bank N.A.  04/26/19   (1,453)
USD 424,872  KRW 483,593,969  JPMorgan Chase Bank N.A.  04/30/19   (671)
USD 151,987  KRW 172,330,211  JPMorgan Chase Bank N.A.  04/30/19   343 
ARS 3,705,479  USD 78,224  JPMorgan Chase Bank N.A.  06/04/19   390 
EUR 303,000  USD 344,272  JPMorgan Chase Bank N.A.  06/19/19   (2,099)
USD 106,058  MXN 2,087,376  JPMorgan Chase Bank N.A.  06/19/19   (128)
EUR 279,868  USD 316,456  JPMorgan Chase Bank N.A.  06/19/19   (406)
EUR 137,030  USD 157,752  JPMorgan Chase Bank N.A.  06/19/19   (3,007)
GBP 51,346  EUR 60,046  JPMorgan Chase Bank N.A.  06/19/19   (668)
USD 156,025  NOK 1,334,815  JPMorgan Chase Bank N.A.  06/19/19   790 
GBP 117,000  USD 156,089  JPMorgan Chase Bank N.A.  06/19/19   (3,100)
GBP 60,825  USD 80,745  JPMorgan Chase Bank N.A.  06/19/19   (1,210)
EUR 83,664  JPY 10,460,361  JPMorgan Chase Bank N.A.  06/19/19   (487)
PLN 590,530  EUR 137,073  JPMorgan Chase Bank N.A.  06/19/19   (601)

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

 

         Settlement
Date
  Unrealized
Appreciation
(Depreciation)
 
NZD 208,961  EUR 125,557  JPMorgan Chase Bank N.A.  06/19/19  $731 
USD 94,441  CAD 126,182  JPMorgan Chase Bank N.A.  06/19/19   (168)
CHF 87,251  USD 88,007  JPMorgan Chase Bank N.A.  06/19/19   278 
EUR 138,075  NOK 1,347,183  JPMorgan Chase Bank N.A.  06/19/19   (748)
USD 113,246  AUD 158,737  JPMorgan Chase Bank N.A.  06/19/19   369 
NZD 771,105  USD 528,321  JPMorgan Chase Bank N.A.  06/19/19   (2,398)
AUD 220,972  USD 157,819  JPMorgan Chase Bank N.A.  06/19/19   (687)
ZAR 4,638,737  USD 318,080  JPMorgan Chase Bank N.A.  06/19/19   374 
MXN 3,841,661  USD 200,292  JPMorgan Chase Bank N.A.  06/19/19   (4,864)
USD 169,100  MXN 3,303,260  JPMorgan Chase Bank N.A.  06/19/19   (953)
USD 145,137  CAD 194,526  JPMorgan Chase Bank N.A.  06/19/19   (1,257)
AUD 96,654  USD 68,380  JPMorgan Chase Bank N.A.  06/19/19   351 
JPY 7,625,031  USD 68,998  JPMorgan Chase Bank N.A.  06/19/19   227 
BRL 571,883  USD 149,803  Morgan Stanley & Co. International PLC  04/02/19   (3,742)
USD 155,091  BRL 578,404  Morgan Stanley & Co. International PLC  04/02/19   7,364 
BRL 772,925  USD 203,882  Morgan Stanley & Co. International PLC  04/02/19   (6,473)
BRL 3,198,942  USD 853,894  Morgan Stanley & Co. International PLC  04/02/19   (36,868)
INR 21,732,101  USD 310,031  Morgan Stanley & Co. International PLC  04/02/19   3,676 
USD 314,941  INR 21,732,101  Morgan Stanley & Co. International PLC  04/02/19   1,233 
USD 156,018  BRL 596,472  Morgan Stanley & Co. International PLC  04/02/19   3,676 
USD 156,013  BRL 589,497  Morgan Stanley & Co. International PLC  04/02/19   5,453 
INR 21,909,661  USD 309,907  Morgan Stanley & Co. International PLC  04/02/19   6,364 
USD 135,209  BRL 520,436  Morgan Stanley & Co. International PLC  04/02/19   2,287 
USD 317,514  INR 21,909,661  Morgan Stanley & Co. International PLC  04/02/19   1,243 
BRL 580,845  USD 154,989  Morgan Stanley & Co. International PLC  04/02/19   (6,638)
BRL 606,751  USD 156,118  Morgan Stanley & Co. International PLC  04/02/19   (1,150)
USD 66,476  BRL 249,591  Morgan Stanley & Co. International PLC  04/02/19   2,729 
BRL 583,019  USD 155,091  Morgan Stanley & Co. International PLC  04/02/19   (6,185)
CLP 89,868,653  USD 138,453  Morgan Stanley & Co. International PLC  04/04/19   (6,391)
TWD 2,991,446  USD 97,324  Morgan Stanley & Co. International PLC  04/08/19   (272)
TWD 6,366,264  USD 207,100  Morgan Stanley & Co. International PLC  04/11/19   (566)
USD 536,982  PHP 28,107,247  Morgan Stanley & Co. International PLC  04/12/19   2,856 
USD 142,937  RUB 9,498,194  Morgan Stanley & Co. International PLC  04/15/19   (1,509)
KRW 73,348,394  USD 65,158  Morgan Stanley & Co. International PLC  04/18/19   (582)
KRW 358,115,637  USD 314,995  Morgan Stanley & Co. International PLC  04/18/19   289 
USD 188,970  BRL 739,889  Morgan Stanley & Co. International PLC  05/03/19   376 
USD 237,936  HUF 65,670,248  Morgan Stanley & Co. International PLC  06/19/19   7,266 
TRY 1,847,424  USD 321,761  Morgan Stanley & Co. International PLC  06/19/19   (13,182)
USD 156,109  MXN 3,031,413  Morgan Stanley & Co. International PLC  06/19/19   1,899 
CNH 8,901,730  USD 1,322,340  Morgan Stanley & Co. International PLC  06/19/19   1,447 
NZD 227,826  USD 156,685  RBC Europe Limited  06/19/19   (1,299)
USD 157,025  CAD 210,007  RBC Europe Limited  06/19/19   (434)
CZK 7,086,913  EUR 275,086  RBC Europe Limited  06/19/19   (1,994)
EUR 55,000  USD 62,696  RBC Europe Limited  06/19/19   (585)
SGD 2,353,678  USD 1,735,614  RBC Europe Limited  06/19/19   3,685 
USD 3,049,822  GBP 2,365,281  State Street Bank and Trust Co.  04/12/19   (32,408)
USD 342,896  RON 1,447,194  State Street Bank and Trust Co.  06/19/19   3,813 
USD 1,465,619  GBP 1,095,606  State Street Bank and Trust Co.  06/19/19   33,012 
SEK 3,566,866  EUR 336,999  State Street Bank and Trust Co.  06/19/19   5,365 
NOK 449,130  EUR 46,218  State Street Bank and Trust Co.  06/19/19   40 
USD 80,490  NOK 676,245  State Street Bank and Trust Co.  06/19/19   1,844 
GBP 118,913  EUR 138,037  State Street Bank and Trust Co.  06/19/19   (392)
USD 107,754  JPY 11,817,599  State Street Bank and Trust Co.  06/19/19   465 
HUF 31,932,177  PLN 431,512  State Street Bank and Trust Co.  06/19/19   (509)
TRY 626,775  USD 105,323  State Street Bank and Trust Co.  06/19/19   (631)
EUR 70,875  USD 81,027  State Street Bank and Trust Co.  06/19/19   (989)
JPY 34,612,910  USD 314,901  State Street Bank and Trust Co.  06/19/19   (660)
EUR 76,376  NOK 743,147  State Street Bank and Trust Co.  06/19/19   (176)
USD 118,068  MXN 2,279,066  State Street Bank and Trust Co.  06/19/19   2,130 
EUR 137,142  NOK 1,334,145  State Street Bank and Trust Co.  06/19/19   (285)
EUR 268,452  GBP 232,450  State Street Bank and Trust Co.  06/19/19   (3,112)
NZD 154,033  USD 105,441  State Street Bank and Trust Co.  06/19/19   (384)
USD 223,674  NZD 328,092  State Street Bank and Trust Co.  06/19/19   (97)
CHF 130,867  USD 131,991  State Street Bank and Trust Co.  06/19/19   425 
CZK 1,387,712  EUR 53,525  State Street Bank and Trust Co.  06/19/19   94 
USD 124,550  ZAR 1,800,108  State Street Bank and Trust Co.  06/19/19   971 
NOK 1,366,605  EUR 139,933  UBS AG  06/19/19   908 

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

 

         Settlement
Date
  Unrealized
Appreciation
(Depreciation)
 
USD 558,657  CHF 555,830  UBS AG  06/19/19  $(3,757)
USD 234,631  CNH 1,576,799  UBS AG  06/19/19   144 
USD 149,681  NOK 1,285,045  UBS AG  06/19/19   234 
ZAR 2,267,140  USD 155,964  UBS AG  06/19/19   (323)
EUR 280,000  NOK 2,720,106  UBS AG  06/19/19   (1,832)
NOK 761,383  USD 88,444  UBS AG  06/19/19   102 
USD 625,846  JPY 68,396,541  UBS AG  06/19/19   4,893 
EUR 136,984  SEK 1,438,884  UBS AG  06/19/19   (992)
USD 163,644  EUR 144,447  UBS AG  06/19/19   522 
EUR 136,994  SEK 1,439,297  UBS AG  06/19/19   (1,026)
ZAR 2,264,792  USD 155,929  UBS AG  06/19/19   (449)
HUF 30,507,403  EUR 95,319  UBS AG  06/19/19   (484)
EUR 62,108  SEK 653,602  UBS AG  06/19/19   (582)
USD 1,227,327  EUR 1,070,122  Westpac Banking Corp.  04/26/19   24,482 
USD 288,211  EUR 251,295  Westpac Banking Corp.  04/26/19   5,749 
EUR 138,814  AUD 220,775  Westpac Banking Corp.  06/19/19   (231)
            $28,302 

 

At March 31, 2019, the following futures contracts were outstanding for VY® Goldman Sachs Bond Portfolio:

 

Description  Number
of Contracts
  Expiration
Date
  Notional
Value
   Unrealized
Appreciation/
(Depreciation)
 
Long Contracts:                
Australia 10-Year Bond  13  06/17/19  $1,278,968   $11,032 
Australia 3-Year Bond  19  06/17/19   1,533,142    3,221 
Euro-Bund  7  06/06/19   1,306,149    28,263 
U.S. Treasury 10-Year Note  141  06/19/19   17,514,844    194,357 
U.S. Treasury 2-Year Note  73  06/28/19   15,555,844    41,047 
U.S. Treasury 5-Year Note  98  06/28/19   11,351,156    54,393 
U.S. Treasury Long Bond  35  06/19/19   5,237,969    98,114 
U.S. Treasury Ultra 10-Year Note  1  06/19/19   132,781    2,463 
U.S. Treasury Ultra Long Bond  91  06/19/19   15,288,000    564,031 
         $69,198,853   $996,921 
Short Contracts:                
90-Day Eurodollar  (1)  06/17/19   (243,637)   (823)
90-Day Eurodollar  (13)  09/16/19   (3,170,050)   (11,080)
90-Day Eurodollar  (143)  12/16/19   (34,881,275)   (123,232)
Canada 10-Year Bond  (14)  06/19/19   (1,456,624)   (30,884)
Euro-Bobl 5-Year  (9)  06/06/19   (1,344,155)   76 
Euro-OAT  (7)  06/06/19   (1,277,332)   (34,910)
Long Gilt  (5)  06/26/19   (842,494)   (16,013)
         $(43,215,567)  $(216,866)

 

At March 31, 2019, the following centrally cleared credit default swaps were outstanding for VY® Goldman Sachs Bond Portfolio:

 

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

 

Reference
Entity/Obligation
  Buy/Sell
Protection
  (Pay)/
Receive
Financing
Rate (%)(2)
   Termination
Date
  Notional Amount(3)   Fair
Value(4)
   Unrealized
Appreciation/
(Depreciation)
 
iTraxx Europe Crossover Index, Series 31, Version 1  Buy   (1.000)  06/20/24  EUR 8,565,000     $(173,431)  $(10,104)
                   $(173,431)  $(10,104)

 

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

 

Reference
Entity/Obligation
  Buy/Sell
Protection
  (Pay)/
Receive
Financing
Rate (%)(6)
   Termination
Date
  Notional Amount(3)   Fair
Value(4)
   Unrealized
Appreciation/
(Depreciation)
 
CDX North American Investment Grade Index, Series 32, Version 1  Sell   1.000   06/20/24  USD 7,125,000      126,519    17,658 
                    126,519   $17,658 

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

 

Centrally Cleared Credit Default Swaps on Corporate and Sovereign Issues - Sell Protection(5)

 

Reference
Entity/Obligation
  Buy/Sell
Protection
  (Pay)/
Receive
Financing
Rate (%)(6)
   Termination
Date
  Implied
Credit
Spread at
03/31/19 (%) (7)
   Notional
Amount(3)
  Fair
Value(4)
   Unrealized
Appreciation/
(Depreciation)
 
The Boeing Company 8.750%, due 8/15/2021  Sell   1.000   06/20/24   0.499 USD 200,000   $4,892   $330 
                       4,892   $330 

 

At March 31, 2019, the following over-the-counter credit default swaps were outstanding for VY® Goldman Sachs Bond Portfolio:

 

Credit Default Swaps on Corporate and Sovereign Issues - Buy Protection(1)

 

Counterparty  Reference
Entity/Obligation(2)
  Buy/Sell
Protection
  (Pay)/
Receive
Financing
Rate (%)
   Termination
Date
  Notional Amount(3)  Fair
Value(4)
   Upfront
Payments
Paid/
(Received)
   Unrealized
Appreciation/
(Depreciation)
 
Barclays Bank PLC  People's Republic of China 7.500%, due 10/28/2027  Buy   (1.000)  06/20/21  USD  50,000  $(910)  $115   $(1,025)
Barclays Bank PLC  People's Republic of China 7.500%, due 10/28/2027  Buy   (1.000)  06/20/21  USD 2,830,000   (51,513)   11,570    (63,083)
Barclays Bank PLC  People's Republic of China 7.500%, due 10/28/2027  Buy   (1.000)  06/20/21  USD 40,000   (728)   30    (758)
Barclays Bank PLC  People's Republic of China 7.500%, due 10/28/2027  Buy   (1.000)  12/20/21  USD  90,000   (1,869)   (183)   (1,686)
Barclays Bank PLC  People's Republic of China 7.500%, due 10/28/2027  Buy   (1.000)  12/20/21  USD  360,000   (7,475)   (779)   (6,696)
Barclays Bank PLC  People's Republic of China 7.500%, due 10/28/2027  Buy   (1.000)  12/20/21  USD  100,000   (2,076)   (38)   (2,038)
Citibank N.A.  People's Republic of China 7.500%, due 10/28/2027  Buy   (1.000)  06/20/21  USD  250,000   (4,551)   249    (4,800)
Citibank N.A.  People's Republic of China 7.500%, due 10/28/2027  Buy   (1.000)  06/20/21  USD  1,680,000   (30,580)   4,264    (34,844)
Citibank N.A.  People's Republic of China 7.500%, due 10/28/2027  Buy   (1.000)  06/20/21  USD 310,000   (5,643)   714    (6,357)
Deutsche Bank AG  People's Republic of China 7.500%, due 10/28/2027  Buy   (1.000)  06/20/21  USD  1,080,000   (19,658)   4,977    (24,635)
Deutsche Bank AG  People's Republic of China 7.500%, due 10/28/2027  Buy   (1.000)  06/20/21  USD 80,000   (1,456)   135    (1,591)
Deutsche Bank AG  People's Republic of China 7.500%, due 10/28/2027  Buy   (1.000)  06/20/21  USD  10,000   (182)   (1)   (181)
Deutsche Bank AG  People's Republic of China 7.500%, due 10/28/2027  Buy   (1.000)  06/20/21  USD  160,000   (2,912)   168    (3,080)
Deutsche Bank AG  People's Republic of China 7.500%, due 10/28/2027  Buy   (1.000)  12/20/21  USD  360,000   (7,475)   728    (8,203)
JPMorgan Chase Bank N.A.  People's Republic of China 7.500%, due 10/28/2027  Buy   (1.000)  06/20/21  USD  110,000   (2,002)   254    (2,256)
JPMorgan Chase Bank N.A.  People's Republic of China 7.500%, due 10/28/2027  Buy   (1.000)  06/20/21  USD 50,000   (910)   50    (960)

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

 

Counterparty  Reference
Entity/Obligation(2)
  Buy/Sell
Protection
  (Pay)/
Receive
Financing
Rate (%)
   Termination
Date
  Notional Amount(3)  Fair
Value(4)
   Upfront
Payments
Paid/
(Received)
   Unrealized
Appreciation/
(Depreciation)
 
JPMorgan Chase Bank N.A.  People's Republic of China 7.500%, due 10/28/2027  Buy   (1.000)  06/20/21  USD 20,000  $(364)  $38   $(402)
JPMorgan Chase Bank N.A.  People's Republic of China 7.500%, due 10/28/2027  Buy   (1.000)  06/20/21  USD 110,000   (2,002)   179    (2,181)
                    $(142,306)  $22,470   $(164,776)

 

(1) If a Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, a Portfolio will either i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(2) Payments made quarterly.
(3) The maximum amount of future payments (undiscounted) that a Portfolio as seller of protection could be required to make or receive as a buyer of credit protection under a credit default swap agreement would be an amount equal to the notional amount of the agreement.
(4) The fair values for credit default swap agreements serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. Increasing fair values, in absolute terms, when compared to the notional amount of the agreement, represent a deterioration of the referenced obligation’s credit soundness and a greater likelihood or risk of default or other credit event occurring.
(5) If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will generally either i) Pay to the buyer an amount equal to the notional amount of the swap and take delivery of the referenced obligation, other deliverable obligations, or underlying securities comprising a referenced index or ii) Pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising a referenced index.
(6) Payments received quarterly.
(7) Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements on corporate issues or sovereign issues are disclosed in each Portfolio's Portfolio of Investments and 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. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. For credit default swaps on asset-backed securities or credit indices, the quoted market prices and resulting market values serve as the indicator of the current status of the payment/performance risk. Wider credit spreads and increasing fair values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

 

At March 31, 2019, the following centrally cleared interest rate swaps were outstanding for VY® Goldman Sachs Bond Portfolio:

 

Pay/Receive
Floating Rate
  Floating Rate Index  Floating
Rate Index
Payment
Frequency
  Fixed
Rate
   Fixed Rate
Payment
Frequency
  Maturity
Date
  Notional Amount  Fair
Value
   Unrealized
Appreciation/
(Depreciation)
 
Pay  6-month AUD-BBSW  Semi-Annual   2.500%  Semi-Annual  06/19/24  AUD 6,340,000  $170,308   $(469)
Pay  1-month Brazilian Interbank Deposit Average  Monthly   7.900   Monthly  01/02/23  BRL 3,875,000   (4,983)   (6,124)
Pay  6-month CHF-LIBOR  Semi-Annual   1.050   Annual  08/07/28  CHF 3,000,000   109,139    113,014 
Pay  6-month EUR-EURIBOR  Semi-Annual   0.250   Annual  06/19/23  EUR 5,260,000   69,383    33,443 
Pay  6-month EUR-EURIBOR  Semi-Annual   0.500   Annual  06/19/24  EUR 13,690,000   353,923    124,603 
Pay  6-month EUR-EURIBOR  Semi-Annual   1.450   Annual  01/15/29  EUR 2,720,000   82,811    54,279 
Pay  6-month EUR-EURIBOR  Semi-Annual   1.200   Annual  02/12/29  EUR  3,900,000   61,356    53,154 
Pay  6-month EUR-EURIBOR  Semi-Annual   1.200   Annual  02/21/29  EUR 1,440,000   22,272    22,217 
Pay  6-month EUR-EURIBOR  Semi-Annual   1.000   Annual  06/19/29  EUR  810,000   44,679    19,918 
Pay  6-month JPY-LIBOR  Semi-Annual   0.500   Semi-Annual  03/22/28  JPY 340,850,000   56,148    4,458 
Pay  3-month NZD-BBR-FRA  Quarterly   1.750   Semi-Annual  06/19/21  NZD 25,640,000   52,143    81,662 
Pay  3-month USD-LIBOR  Quarterly   2.800   Semi-Annual  02/12/29  USD 4,100,000   44,886    45,628 
Pay  3-month USD-LIBOR  Quarterly   2.500   Semi-Annual  03/29/29  USD 3,680,000   (8,170)   (8,397)
Pay  3-month USD-LIBOR  Quarterly   3.000   Semi-Annual  06/19/29  USD 6,400,000   116,291    84,396 
Pay  3-month USD-LIBOR  Quarterly   3.000   Semi-Annual  06/20/39  USD 2,640,000   43,740    39,607 
Pay  3-month USD-LIBOR  Quarterly   2.750   Semi-Annual  06/15/49  USD 1,920,000   12,702    20,901 
Receive  6-month AUD-BBSW  Semi-Annual   3.000   Semi-Annual  06/19/29  AUD 2,440,000   (45,260)   (25,979)
Receive  1-month Brazilian Interbank Deposit Average  Monthly   7.250   Monthly  01/02/20  BRL 2,874   (6)   (5)
Receive  3-month CAD-CDOR  Semi-Annual   2.500   Semi-Annual  06/19/21  CAD 5,240,000   (45,798)   (5,262)
Receive  3-month CAD-CDOR  Semi-Annual   2.500   Semi-Annual  06/19/24  CAD 2,820,000   (58,907)   9,760 
Receive  3-month CAD-CDOR  Semi-Annual   3.000   Semi-Annual  06/19/29  CAD 1,170,000   (26,939)   (5,881)

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

 

         Fixed
Rate
      Maturity
Date
  Notional Amount  Fair
Value
   Unrealized
Appreciation/
(Depreciation)
 
Receive  6-month CHF-LIBOR  Semi-Annual   1.000%  Annual  06/19/29  CHF 780,000  $(20,371)  $(6,183)
Receive  6-month EUR-EURIBOR  Semi-Annual   1.250   Annual  12/19/28  EUR 170,000   (14,864)   (7,896)
Receive  6-month EUR-EURIBOR  Semi-Annual   1.000   Annual  03/29/29  EUR 3,620,000   (12,289)   5,743 
Receive  6-month EUR-EURIBOR  Semi-Annual   1.500   Annual  06/19/29  EUR 4,660,000   (135,372)   (74,417)
Receive  6-month EUR-EURIBOR  Semi-Annual   1.750   Annual  06/20/39  EUR 650,000   (12,941)   (4,141)
Receive  1-day Sterling Overnight
Index Average (SONIA)
  Annual   1.100   Annual  08/01/23  GBP 440,000   (9,120)   (4,977)
Receive  6-month GBP-LIBOR  Semi-Annual   1.900   Semi-Annual  08/03/28  GBP 1,880,000   (65,429)   (63,571)
Receive  6-month GBP-LIBOR  Semi-Annual   1.500   Semi-Annual  02/12/29  GBP 5,920,000   (50,997)   (62,515)
Receive  6-month JPY-LIBOR  Semi-Annual   0.350   Semi-Annual  01/16/29  JPY 652,490,000   (42,683)   (28,754)
Receive  6-month JPY-LIBOR  Semi-Annual   1.000   Semi-Annual  06/15/49  JPY 90,110,000   (14,332)   (14,936)
Receive  28-day MXN TIIE-BANXICO  Monthly   8.360   Monthly  03/18/20  MXN 147,300,000   (1,918)   633 
Receive  6-month NOK-NIBOR  Semi-Annual   2.300   Annual  02/21/29  NOK 15,590,000   (13,163)   (13,914)
Receive  3-month NZD-BBR-FRA  Quarterly   3.250   Semi-Annual  06/19/29  NZD 1,520,000   (27,516)   (16,858)
Receive  3-month SEK-STIBOR  Quarterly   0.500   Annual  06/19/23  SEK 46,860,000   (38,500)   (19,281)
Receive  3-month SEK-STIBOR  Quarterly   0.500   Annual  06/19/24  SEK 114,040,000   (56,248)   (75,372)
Receive  3-month SEK-STIBOR  Quarterly   1.000   Annual  06/19/29  SEK 11,320,000   (14,800)   (21,411)
Receive  3-month USD-LIBOR  Quarterly   3.000   Semi-Annual  06/19/21  USD 11,500,000   (147,701)   (50,334)
Receive  3-month USD-LIBOR  Quarterly   2.218   Semi-Annual  08/31/23  USD 2,620,000   5,058    5,262 
Receive  3-month USD-LIBOR  Quarterly   3.000   Semi-Annual  06/19/24  USD 2,110,000   (71,778)   8,337 
                       $304,754   $210,338 

 

The following sales commitments were held by the VY® Goldman Sachs Bond Portfolio at March 31, 2019:

 

Principal Amount   Description  Contractual Settlement Date  Fair Value 
$(2,000,000)  Fannie Mae, 4.000%, due 02/25/39  05/13/19  $(2,055,781)
 (1,000,000)  Ginnie Mae, 4.000%, due 11/20/41  05/21/19   (1,032,031)
 (1,000,000)  Ginnie Mae, 4.000%, due 04/1/44  04/17/19   (1,032,930)
     Total Sales Commitments
Proceeds receivable $(4,094,531)
     $(4,120,742)

 

Currency Abbreviations
ARS - Argentine Peso
AUD - Australian Dollar
BRL - Brazilian Real
CAD - Canadian Dollar
CHF - Swiss Franc
CLP - Chilean Peso
CNH - Chinese Offshore Yuan
COP - Colombian Peso
CZK - Czech Koruna
EUR - EU Euro
GBP - British Pound
HUF - Hungarian Forint
IDR - Indonesian Rupiah
INR - Indian Rupee
JPY - Japanese Yen
KRW - South Korean Won

 

 

 

 

VY® Goldman Sachs Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2019 (Unaudited) (Continued)

 

MXN - Mexican Peso
MYR - Malaysian Ringgit
NOK - Norwegian Krone
NZD - New Zealand Dollar
PHP - Philippine Peso
PLN - Polish Zloty
RON - Romanian New Leu
RUB - Russian Ruble
SEK - Swedish Krona
SGD - Singapore Dollar
TRY - Turkish Lira
TWD - Taiwan New Dollar
USD - United States Dollar
ZAR - South African Rand

 

At March 31, 2019, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

 

Cost for federal income tax purposes was $200,515,266.

 

Net unrealized appreciation consisted of:

 

Gross Unrealized Appreciation  $4,724,863 
Gross Unrealized Depreciation   (2,356,493)
      
Net Unrealized Appreciation  $2,368,370