Voya Natural Resources Equity Income Fund	PORTFOLIO OF INVESTMENTS
	as of November 30, 2020 (Unaudited)

Shares			Value	Percentage of Net Assets
COMMON STOCK: 107.7%
		Canada: 27.2%
13,571		Agnico-Eagle Mines Ltd.	$                   893,922	1.4
26,493		Alamos Gold, Inc.	219,097	0.3
79,996		B2Gold Corp.	446,378	0.7
89,171		Barrick Gold Corp.	2,063,417	3.2
16,854		Cameco Corp.	168,877	0.3
55,751		Canadian Natural Resources Ltd.	1,273,353	1.9
70,990		Cenovus Energy, Inc.	352,110	0.5
93,342		Enbridge, Inc.	2,913,204	4.4
10,387		Franco-Nevada Corp.	1,381,887	2.1
86,179		Kinross Gold Corp.	615,318	0.9
11,341		Kirkland Lake Gold Ltd.	464,754	0.7
5,319		Norbord, Inc.	199,994	0.3
13,865	(1)	Novagold Resources, Inc.	138,095	0.2
13,693		PAN American Silver Corp.	404,354	0.6
33,080		Pembina Pipeline Corp.	843,209	1.3
91,322		Suncor Energy, Inc.	1,469,371	2.2
53,325		TC Energy Corp.	2,342,567	3.6
13,986		Teck Cominco Ltd. - Class B	220,979	0.3
27,691		Wheaton Precious Metals Corp.	1,083,826	1.7
68,553		Yamana Gold, Inc.	357,847	0.6
			17,852,559	27.2
		United Kingdom: 1.8%
63,352		Amcor PLC	717,778	1.1
53,791		TechnipFMC PLC	447,003	0.7
			1,164,781	1.8
		United States: 78.7%
18,048		Apache Corp.	232,639	0.4
1,911		Aptargroup, Inc.	241,397	0.4
5,094		Avery Dennison Corp.	760,738	1.2
22,882		Baker Hughes Co.	428,351	0.7
14,058		Ball Corp.	1,349,709	2.1
12,976	(1)	Berry Global Group, Inc.	687,728	1.0
21,323		Cabot Oil & Gas Corp.	373,579	0.6
8,065	(1)	Cheniere Energy, Inc.	457,205	0.7
87,972		Chevron Corp.	7,669,399	11.7
12,777		Cimarex Energy Co.	459,333	0.7
4,640		Compass Minerals International, Inc.	289,814	0.4
15,645		Concho Resources, Inc./Midland TX	899,275	1.4
50,039		ConocoPhillips	1,979,543	3.0
11,475	(1)	Crown Holdings, Inc.	1,081,519	1.6
21,370		Devon Energy Corp.	298,966	0.5
12,235		Diamondback Energy, Inc.	488,911	0.7
37,745		EOG Resources, Inc.	1,769,486	2.7
13,063		EQT Corp.	194,377	0.3
38,558		Equitrans Midstream Corp.	314,633	0.5
167,531		Exxon Mobil Corp.	6,387,957	9.7
80,589		Freeport-McMoRan, Inc.	1,884,977	2.9
47,491		Halliburton Co.	787,876	1.2
15,580		Hess Corp.	735,064	1.1
14,270		International Paper Co.	706,080	1.1
116,349		Kinder Morgan, Inc.	1,673,099	2.5
15,200		Louisiana-Pacific Corp.	520,296	0.8
35,085		Marathon Petroleum Corp.	1,364,105	2.1
3,263		Martin Marietta Materials, Inc.	866,751	1.3
43,266		National Oilwell Varco, Inc.	530,441	0.8
39,066		Newmont Corp.	2,297,862	3.5
41,336		Occidental Petroleum Corp.	651,455	1.0
16,452		Oneok, Inc.	590,133	0.9
8,162		Packaging Corp. of America	1,061,060	1.6
32,396		Parsley Energy, Inc. - Class A	405,922	0.6
27,828		Phillips 66	1,685,820	2.6
11,422		Pioneer Natural Resources Co.	1,148,825	1.8
4,884		Royal Gold, Inc.	539,535	0.8
79,266		Schlumberger NV	1,647,940	2.5
9,468		Sealed Air Corp.	426,628	0.6
3,612		Sonoco Products Co.	209,713	0.3
18,318	(1)	Summit Materials, Inc.	348,042	0.5
20,663		Targa Resources Corp.	485,580	0.7
18,559		Valero Energy Corp.	997,917	1.5
6,880		Vulcan Materials Co.	960,792	1.5
18,287		WestRock Co.	771,894	1.2
77,922		Williams Cos., Inc.	1,634,804	2.5
12,040		World Fuel Services Corp.	342,177	0.5
			51,639,347	78.7
	Total Common Stock
	(Cost $101,550,975)		70,656,687	107.7
SHORT-TERM INVESTMENTS: 0.7%
		Mutual Funds: 0.7%
459,000	(2)	BlackRock Liquidity Funds, FedFund, Institutional Class, 0.000%
		(Cost $459,000)	459,000	0.7
	Total Short-Term Investments
	(Cost $459,000)		459,000	0.7
	Total Investments in Securities (Cost $102,009,975)		$   71,115,687	108.4
	Liabilities in Excess of Other Assets		(5,535,820)	(8.4)
	Net Assets		$   65,579,867	100.0

(1)	Non-income producing security.
(2)	Rate shown is the 7-day yield as of November 30, 2020.

Industry Diversification	Percentage of Net Assets
Integrated Oil & Gas		25.1	%
Oil & Gas Exploration & Production		15.0
Oil & Gas Storage & Transportation		10.8
Gold		9.5	%

Voya Natural Resources Equity Income Fund	PORTFOLIO OF INVESTMENTS
	as of November 30, 2020 (Unaudited)(Continued)

Mining	7.0
Oil & Gas Refining & Marketing	6.2
Pipelines	5.4
Oil & Gas Equipment & Services	5.2
Paper Packaging	5.1
Metal & Glass Containers	4.7
Diversified Metals & Mining	3.6
Construction Materials	2.8
Materials	2.3
Packaging&Containers	1.1
Utilities	0.9
Building Materials	0.8
Energy	0.8
Oil & Gas	0.7
Oil&Gas Services	0.7
Short-Term Investments	0.7
Liabilities in Excess of Other Assets	(8.4	)
Net Assets	100.0	%

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of November 30, 2020 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 November 30, 2020
Asset Table
Investments, at fair value
Common Stock*	$	70,656,687	$	–		$	–	$	70,656,687
Short-Term Investments		459,000		–			–		459,000
Total Investments, at fair value	$	71,115,687	$	–		$	–	$	71,115,687
Liabilities Table
Other Financial Instruments+
Written Options	$	–	$	(5,758,416	)	$	–	$	(5,758,416	)
Total Liabilities	$	–	$	(5,758,416	)	$	–	$	(5,758,416	)

+	Other Financial Instruments may include open forward foreign currency contracts, futures, centrally cleared swaps, OTC swaps and written options. Forward foreign currency contracts, futures and centrally cleared swaps are fair valued at the unrealized appreciation (depreciation) on the instrument.  OTC swaps and written options are valued at the fair value of the instrument.
*	For further breakdown of Common Stock by sector, please refer to the Portfolio of Investments.

At November 30, 2020, the following OTC written equity options were outstanding for Voya Natural Resources Equity Income Fund:    

Description

Counterparty

Put/Call

Expiration Date

Exercise Price

Number of Contracts

Notional Amount

Premiums Received

Fair Value

Energy Select Sector SPDR® Fund

UBS AG

Call

12/04/20

USD 29.290

738,161

USD 27,134,798

$

1,155,370

$

(5,515,392

)

Materials Select Sector SPDR® Fund

Goldman Sachs International

Call

12/18/20

USD 71.160

64,507

USD 4,579,352

66,597

(112,302

)

SPDR S&P Oil & Gas Exploration & Production ETF

Goldman Sachs International

Call

12/18/20

USD 54.660

34,575

USD 1,869,125

59,759

(88,960

)

Voya Natural Resources Equity Income Fund	PORTFOLIO OF INVESTMENTS
	as of November 30, 2020 (Unaudited)(Continued)

Description	Counterparty		Expiration Date	Exercise Price	Number of Contracts		Notional Amount	Premiums Received		Fair Value
VanEck Vectors Gold Miners ETF	Citibank N.A.	Call	12/18/20	USD 36.620		94,708	USD 3,284,473	$	100,637	$	(41,762	)
								$	1,382,363	$	(5,758,416	)

Currency Abbreviations
USD	-	United States Dollar

At November 30, 2020, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments on a tax basis were:

Cost for federal income tax purposes was $100,599,772.
Net unrealized depreciation consisted of:
Gross Unrealized Appreciation	$       6,146,525
Gross Unrealized Depreciation	(41,387,976)
Net Unrealized Depreciation	$   (35,241,451)