NPORT-EX 2 472158VOYA073126.htm
PORTFOLIO
OF
INVESTMENTS
as
of
July
31,
2026
(Unaudited)
1
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK
:
96.6%
Argentina
:
0.1%
7,028 
(1)
Cresud
SACIF
y
A,
ADR
$
78,784
0.0
12,151 
IRSA
Inversiones
y
Representaciones
SA,
ADR
184,574
0.1
263,358
0.1
Australia
:
0.1%
3,041 
Anglogold
Ashanti
PLC
229,969
0.1
Brazil
:
9.0%
55,558 
Ambev
SA
174,922
0.1
169,695 
(1)
Ambev
SA,
ADR
527,751
0.2
12,828 
Axia
Energia
134,198
0.1
108,460 
B3
SA
-
Brasil
Bolsa
Balcao
336,561
0.1
103,463 
Banco
Bradesco
SA,
ADR
373,501
0.1
13,483 
(1)
Banco
Santander
Brasil
SA,
ADR
76,449
0.0
24,080 
BB
Seguridade
Participacoes
SA
195,237
0.1
75,903 
Cia
de
Saneamento
Basico
do
Estado
de
Sao
Paulo
SABESP
412,520
0.2
16,106 
Cia
de
Saneamento
de
Minas
Gerais
Copasa
MG
204,107
0.1
29,689 
Cia
de
Saneamento
do
Parana
212,953
0.1
51,908 
Cia
Paranaense
de
Energia
-
Copel
152,064
0.1
26,277 
Energisa
S/A
258,819
0.1
22,258 
Equatorial
Energia
SA
169,532
0.1
55,594 
Itau
Unibanco
Holding
SA,
ADR
470,325
0.2
17,804 
Localiza
Rent
a
Car
SA
132,692
0.0
51,660 
Lojas
Renner
SA
138,089
0.1
1,933 
(2)
MercadoLibre,
Inc.
3,630,077
1.5
21,030 
Multiplan
Empreendimentos
Imobiliarios
SA
116,618
0.0
197,009 
(2)
NU
Holdings
Ltd./Cayman
Islands
-
Class
A
2,823,139
1.1
14,616 
Petroleo
Brasileiro
SA
141,888
0.1
73,568 
Petroleo
Brasileiro
SA
-
Foreign,
ADR
1,427,219
0.6
29,002 
(2)
PRIO
SA/Brazil
349,284
0.1
29,481 
Raia
Drogasil
SA
108,057
0.0
19,538 
(3)
Rede
D'Or
Sao
Luiz
SA
132,858
0.0
10,593 
Rumo
SA
30,133
0.0
45,755 
(2)
Sitios
Latinoamerica
SAB
de
CV
16,300
0.0
19,313 
Suzano
SA
165,274
0.1
29,847 
Telefonica
Brasil
SA
192,831
0.1
62,231 
TIM
SA/Brazil
238,040
0.1
500,919 
Totvs
SA
3,076,178
1.3
21,786 
Transmissora
Alianca
de
Energia
Eletrica
SA
171,051
0.1
9,327 
Vale
SA,
ADR
140,465
0.1
36,905 
Vale
SA
-
Foreign
555,779
0.2
171,731 
Vibra
Energia
SA
1,219,257
0.5
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Brazil
(continued)
205,217 
XP,
Inc.
-
Class
A
$
3,501,002
1.4
22,005,170
9.0
Chile
:
0.3%
17,026 
Empresas
Copec
SA
116,284
0.0
1,690,745 
Enel
Chile
SA
149,098
0.1
23,742 
Falabella
SA
158,731
0.1
83,136 
Plaza
SA
337,096
0.1
761,209
0.3
China
:
12.0%
121,000 
Alibaba
Group
Holding
Ltd.
1,843,242
0.7
45,059 
Alibaba
Group
Holding
Ltd.,
ADR
5,508,463
2.2
152,000 
Aluminum
Corp.
of
China
Ltd.
-
Class
H
165,511
0.1
3,401 
(1)(2)
Baidu,
Inc.,
ADR
377,885
0.2
39,000 
Beijing
Enterprises
Holdings
Ltd.
157,302
0.1
765,000 
(3)
CGN
Power
Co.
Ltd.
-
Class
H
282,090
0.1
244,000 
China
Everbright
Environment
Group
Ltd.
158,895
0.1
44,000 
China
Hongqiao
Group
Ltd.
138,453
0.1
114,000 
China
Life
Insurance
Co.
Ltd.
-
Class
H
424,415
0.2
120,000 
China
Oilfield
Services
Ltd.
-
Class
H
108,832
0.0
24,000 
(1)
China
Shenhua
Energy
Co.
Ltd.
-
Class
H
132,957
0.1
94,500 
(3)
China
Tower
Corp.
Ltd.
-
Class
H
123,358
0.0
139,500 
COSCO
Shipping
Holdings
Co.
Ltd.
-
Class
H
280,635
0.1
210,000 
CSPC
Pharmaceutical
Group
Ltd.
229,722
0.1
24,700 
ENN
Energy
Holdings
Ltd.
147,803
0.1
75,000 
Geely
Automobile
Holdings
Ltd.
189,355
0.1
463,500 
H
World
Group
Ltd.
1,969,097
0.8
65,600 
Haier
Smart
Home
Co.
Ltd.
-
Class
H
189,114
0.1
21,000 
Jiangsu
Hengrui
Pharmaceuticals
Co.
Ltd.
-
Class
H
153,064
0.1
25,500 
Kingboard
Holdings
Ltd.
127,526
0.0
188,000 
Kunlun
Energy
Co.
Ltd.
173,867
0.1
47,000 
Li
Ning
Co.
Ltd.
90,796
0.0
26,600 
(1)
Midea
Group
Co.
Ltd.
-
Class
H
337,016
0.1
6,500 
NetEase,
Inc.
172,940
0.1
4,717 
(2)
PDD
Holdings,
Inc.,
ADR
417,738
0.2
505,000 
People's
Insurance
Co.
Group
of
China
Ltd.
-
Class
H
351,073
0.1
1,330,000 
PetroChina
Co.
Ltd.
-
Class
H
1,692,372
0.7
PORTFOLIO
OF
INVESTMENTS
as
of
July
31,
2026
(Unaudited)
(continued)
2
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
China
(continued)
82,000 
PICC
Property
&
Casualty
Co.
Ltd.
-
Class
H
$
171,138
0.1
23,250 
(1)(3)
Shandong
Gold
Mining
Co.
Ltd.
-
Class
H
60,015
0.0
199,000 
Sino
Biopharmaceutical
Ltd.
127,676
0.0
182,000 
Sinotrans
Ltd.
-
Class
H
109,498
0.0
25,500 
Sinotruk
Hong
Kong
Ltd.
132,167
0.1
113,713 
Tencent
Holdings
Ltd.
6,948,204
2.8
13,098 
Tencent
Music
Entertainment
Group,
ADR
123,776
0.0
2,500 
(2)
Trip.com
Group
Ltd.
117,126
0.0
5,206 
(2)
Trip.com
Group
Ltd.,
ADR
244,734
0.1
168,600 
(1)
Uni-President
China
Holdings
Ltd.
162,099
0.1
7,700 
Weibo
Corp.
-
Class
A
62,357
0.0
61,000 
Weichai
Power
Co.
Ltd.
-
Class
H
255,053
0.1
127,700 
Yangzijiang
Shipbuilding
Holdings
Ltd.
389,806
0.2
72,000 
Yankuang
Energy
Group
Co.
Ltd.
-
Class
H
109,599
0.0
90,863 
Yum
China
Holdings,
Inc.
4,305,499
1.8
7,100 
ZTO
Express
Cayman,
Inc.
169,912
0.1
29,432,180
12.0
Colombia
:
0.1%
32,008 
Interconexion
Electrica
SA
ESP
303,339
0.1
Cyprus
:
0.1%
11,974 
Bank
of
Cyprus
Holdings
PLC
142,064
0.1
Czechia
:
0.1%
2,397 
CEZ
AS
154,417
0.1
Egypt
:
0.3%
271,464 
Commercial
International
Bank
Egypt
SAE
752,189
0.3
Greece
:
0.9%
30,918 
Eurobank
SA
159,770
0.1
11,406 
GEK
Terna
Holding
Real
Estate
Construction
SA
597,048
0.2
9,141 
Hellenic
Telecommunications
Organization
SA
210,966
0.1
5,713 
Jumbo
SA
159,642
0.1
8,606 
Motor
Oil
Hellas
Corinth
Refineries
SA
504,140
0.2
9,130 
National
Bank
of
Greece
SA
170,832
0.1
8,234 
OPAP
SA
127,271
0.0
7,990 
Public
Power
Corp.
SA
205,887
0.1
2,135,556
0.9
Hong
Kong
:
1.8%
430,392 
AIA
Group
Ltd.
4,338,738
1.8
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Hungary
:
0.7%
24,907 
Magyar
Telekom
Telecommunications
PLC
$
216,169
0.1
59,495 
(2)
MOL
Hungarian
Oil
&
Gas
PLC
851,824
0.3
2,506 
OTP
Bank
Nyrt
371,244
0.1
10,203 
Richter
Gedeon
Nyrt
380,155
0.2
1,819,392
0.7
India
:
10.0%
5,315 
APL
Apollo
Tubes
Ltd.
101,328
0.0
21,676 
Apollo
Hospitals
Enterprise
Ltd.
2,033,585
0.8
19,738 
Aurobindo
Pharma
Ltd.
326,729
0.1
9,297 
Axis
Bank
Ltd.
119,721
0.0
37,988 
Bharat
Electronics
Ltd.
154,399
0.1
55,352 
Bharat
Petroleum
Corp.
Ltd.
184,985
0.1
2,373 
Britannia
Industries
Ltd.
134,670
0.1
17,018 
BSE
Ltd.
650,017
0.3
58,395 
Coal
India
Ltd.
253,520
0.1
373,831 
Coforge
Ltd.
4,468,891
1.8
3,775 
Cummins
India
Ltd.
218,329
0.1
13,459 
Dr
Reddy's
Laboratories
Ltd.
161,477
0.1
2,488 
Eicher
Motors
Ltd.
204,133
0.1
91,935 
GAIL
India
Ltd.
174,665
0.1
18,303 
HCL
Technologies
Ltd.
258,814
0.1
5,044 
(3)
HDFC
Asset
Management
Co.
Ltd.
138,191
0.1
68,369 
HDFC
Bank
Ltd.
535,453
0.2
148,897 
HDFC
Bank
Ltd.,
ADR
3,563,105
1.5
6,152 
Hero
MotoCorp
Ltd.
347,283
0.1
34,014 
Hindalco
Industries
Ltd.
348,537
0.1
21,383 
Hindustan
Unilever
Ltd.
470,699
0.2
66,983 
Indian
Oil
Corp.
Ltd.
98,191
0.0
60,597 
(2)
Indus
Towers
Ltd.
248,474
0.1
36,728 
Infosys
Ltd.
436,294
0.2
163,478 
Infosys
Ltd.
-
Foreign,
ADR
1,966,640
0.8
3,301 
(3)
LTIMindtree
Ltd.
151,121
0.1
1,123 
Maruti
Suzuki
India
Ltd.
167,467
0.1
6,517 
Mphasis
Ltd.
160,368
0.1
4,349 
Multi
Commodity
Exchange
of
India
Ltd.
122,729
0.0
67,991 
National
Aluminium
Co.
Ltd.
250,143
0.1
35,373 
NTPC
Ltd.
128,638
0.0
72,057 
Oil
&
Natural
Gas
Corp.
Ltd.
183,575
0.1
2,396 
Persistent
Systems
Ltd.
139,450
0.1
47,178 
Power
Grid
Corp.
of
India
Ltd.
140,439
0.1
306,585 
Reliance
Industries
Ltd.
4,197,595
1.7
19,477 
Reliance
Strategic
Investments
Ltd.
52,342
0.0
24,975 
Tata
Consumer
Products
Ltd.
283,387
0.1
31,759 
Tata
Motors
Ltd.
113,048
0.0
76,570 
Tata
Steel
Ltd.
152,351
0.1
25,092 
Tech
Mahindra
Ltd.
435,681
0.2
PORTFOLIO
OF
INVESTMENTS
as
of
July
31,
2026
(Unaudited)
(continued)
3
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
India
(continued)
30,095 
Vedanta
Ltd.
$
83,550
0.0
63,227 
Wipro
Ltd.
121,954
0.0
24,481,968
10.0
Indonesia
:
0.5%
1,866,200 
Astra
International
Tbk
PT
528,933
0.2
1,230,100 
Perusahaan
Gas
Negara
Tbk
PT
102,499
0.0
1,613,900 
Telkom
Indonesia
Persero
Tbk
PT
235,614
0.1
1,918,900 
Unilever
Indonesia
Tbk
PT
187,154
0.1
111,700 
United
Tractors
Tbk
PT
148,673
0.1
1,202,873
0.5
Japan
:
2.3%
7,536 
Disco
Corp.
2,693,626
1.1
6,261 
Fast
Retailing
Co.
Ltd.
3,065,819
1.2
5,759,445
2.3
Kuwait
:
0.1%
137,309 
Mobile
Telecommunications
Co.
KSCP
265,203
0.1
Luxembourg
:
0.1%
10,642 
Reinet
Investments
SCA
289,232
0.1
Malaysia
:
0.9%
250,900 
Axiata
Group
Bhd
121,902
0.0
126,200 
Maxis
Bhd
114,280
0.0
98,300 
MISC
Bhd
192,198
0.1
32,400 
Petronas
Dagangan
Bhd
154,765
0.1
35,500 
Petronas
Gas
Bhd
152,372
0.1
146,600 
Press
Metal
Aluminium
Holdings
Bhd
284,586
0.1
537,600 
Sime
Darby
Bhd
283,915
0.1
92,200 
Sime
Darby
Plantation
Bhd
148,233
0.1
92,800 
Sunway
Bhd
119,736
0.0
87,000 
Telekom
Malaysia
Bhd
164,951
0.1
122,400 
Tenaga
Nasional
Bhd
437,270
0.2
83,387 
UEM
Sunrise
Bhd
12,030
0.0
2,186,238
0.9
Mexico
:
5.0%
48,952 
(1)
Alsea
SAB
de
CV
119,161
0.0
132,785 
America
Movil
SAB
de
CV
168,669
0.1
25,287 
America
Movil
SAB
de
CV
-
Foreign,
ADR
641,025
0.3
17,233 
Arca
Continental
SAB
de
CV
196,832
0.1
697,380 
Cemex
SAB
de
CV
827,055
0.3
24,507 
Cemex
SAB
de
CV
-
Foreign,
ADR
289,673
0.1
15,238 
Coca-Cola
Femsa
SAB
de
CV
165,353
0.1
3,481 
Coca-Cola
Femsa
SAB
de
CV
-
Foreign,
ADR
376,888
0.2
214,690 
Fibra
Uno
Administracion
SA
de
CV
386,875
0.2
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Mexico
(continued)
32,931 
Fomento
Economico
Mexicano
SAB
de
CV
$
422,012
0.2
22,428 
Fomento
Economico
Mexicano
SAB
de
CV
-
Foreign,
ADR
2,870,560
1.2
112,004 
Gentera
SAB
de
CV
260,035
0.1
14,251 
Grupo
Aeroportuario
del
Centro
Norte
SAB
de
CV
190,115
0.1
11,462 
Grupo
Aeroportuario
del
Pacifico
SAB
de
CV
-
Class
B
249,259
0.1
5,403 
Grupo
Aeroportuario
del
Sureste
SAB
de
CV
-
Class
B
149,298
0.1
32,158 
Grupo
Bimbo
SAB
de
CV
115,267
0.0
18,597 
Grupo
Comercial
Chedraui
SA
de
CV
96,875
0.0
71,839 
Grupo
Financiero
Banorte
SAB
de
CV
-
Class
O
828,080
0.3
18,962 
Grupo
Mexico
SAB
de
CV
228,043
0.1
29,102 
(2)
Grupo
Televisa
SAB,
ADR
81,486
0.0
100,797 
Kimberly-Clark
de
Mexico
SAB
de
CV
-
Class
A
233,900
0.1
75,533 
Megacable
Holdings
SAB
de
CV
254,997
0.1
23,893 
(2)
Ollamani
SAB
105,549
0.0
32,183 
Prologis
Property
Mexico
SA
de
CV
144,047
0.1
22,426 
Promotora
y
Operadora
de
Infraestructura
SAB
de
CV
355,356
0.1
857,714 
Wal-Mart
de
Mexico
SAB
de
CV
2,493,980
1.0
12,250,390
5.0
Peru
:
0.3%
1,588 
Credicorp
Ltd.
636,121
0.3
Philippines
:
0.2%
21,210 
International
Container
Terminal
Services,
Inc.
333,072
0.1
280,400 
JG
Summit
Holdings,
Inc.
101,525
0.1
434,597
0.2
Qatar
:
0.1%
37,048 
Ooredoo
QPSC
127,237
0.1
19,582 
Qatar
Islamic
Bank
SAQ
116,940
0.0
244,177
0.1
Romania
:
0.3%
47,362 
Banca
Transilvania
SA
383,923
0.1
25,193 
NEPI
Rockcastle
NV
231,899
0.1
3,889 
Societatea
De
Producere
A
Energiei
Electrice
in
Hidrocentrale
Hidroelectrica
SA
171,181
0.1
787,003
0.3
Russia
:
—%
164,710 
(2)(4)
Alrosa
PJSC
—
—
342,800 
(4)
Fix
Price
Group
PLC,
GDR
—
—
PORTFOLIO
OF
INVESTMENTS
as
of
July
31,
2026
(Unaudited)
(continued)
4
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Russia
(continued)
1,037,141 
(2)(4)
Gazprom
PJSC
$
—
—
25,468 
(2)(4)
Lukoil
PJSC
—
—
14,210 
(2)(4)
Magnit
PJSC
—
—
271,070 
(2)(4)
Magnitogorsk
Iron
&
Steel
Works
PJSC
—
—
117,900 
(2)(4)
MMC
Norilsk
Nickel
PJSC
—
—
91,474 
(2)(4)
Mobile
TeleSystems
PJSC
—
—
83,570 
(2)(4)
Novolipetsk
Steel
PJSC
—
—
4,078 
(2)(4)
PhosAgro
PJSC
—
—
453,015 
(2)(4)
Rosneft
Oil
Co.
PJSC
—
—
1,076,340 
(2)(4)
Sberbank
of
Russia
PJSC
—
—
16,184 
(2)(4)
Severstal
PAO
—
—
34,543 
(2)(4)
Tatneft
PJSC
—
—
—
—
Saudi
Arabia
:
0.5%
36,578 
Electrical
Industries
Co.
137,824
0.0
12,755 
Etihad
Etisalat
Co.
211,083
0.1
43,919 
Jarir
Marketing
Co.
194,983
0.1
6,203 
SABIC
Agri-Nutrients
Co.
203,629
0.1
48,188 
(3)
Saudi
Arabian
Oil
Co.
339,978
0.1
16,343 
Saudi
Telecom
Co.
187,734
0.1
1,275,231
0.5
Singapore
:
2.6%
929,660 
(2)
Grab
Holdings
Ltd.
-
Class
A
3,253,810
1.3
28,358 
(2)
Sea
Ltd.,
ADR
3,026,933
1.3
6,280,743
2.6
South
Africa
:
3.2%
6,481 
Bid
Corp.
Ltd.
177,618
0.1
8,086 
Capitec
Bank
Holdings
Ltd.
2,308,836
0.9
7,517 
Clicks
Group
Ltd.
100,344
0.0
24,440 
Exxaro
Resources
Ltd.
301,394
0.1
25,634 
FirstRand
Ltd.
153,306
0.1
7,269 
Gold
Fields
Ltd.
234,737
0.1
115,632 
(1)
Growthpoint
Properties
Ltd.
123,742
0.1
31,269 
OUTsurance
Group
Ltd.
156,512
0.1
87,043 
(3)
Pepkor
Holdings
Ltd.
112,033
0.0
623,559 
Sanlam
Ltd.
3,316,841
1.4
7,787 
Shoprite
Holdings
Ltd.
135,439
0.1
20,207 
Tiger
Brands
Ltd.
338,502
0.1
16,166 
Vodacom
Group
Ltd.
156,599
0.1
39,550 
Woolworths
Holdings
Ltd./South
Africa
112,496
0.0
7,728,399
3.2
South
Korea
:
24.1%
8,736 
Cheil
Worldwide,
Inc.
115,389
0.0
1,132 
CJ
Corp.
101,534
0.0
2,432 
DB
Insurance
Co.
Ltd.
263,361
0.1
5,181 
GS
Holdings
Corp.
320,543
0.1
3,014 
Hana
Financial
Group,
Inc.
260,527
0.1
5,892 
Hankook
Tire
&
Technology
Co.
Ltd.
274,482
0.1
2,850 
HD
Hyundai
Co.
Ltd.
391,346
0.2
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
South
Korea
(continued)
1,423 
HD
Korea
Shipbuilding
&
Offshore
Engineering
Co.
Ltd.
$
377,892
0.2
2,065 
Hyundai
Glovis
Co.
Ltd.
283,205
0.1
1,523 
Hyundai
Mobis
Co.
Ltd.
492,547
0.2
1,817 
KB
Financial
Group,
Inc.
212,656
0.1
5,866 
Kia
Corp.
528,880
0.2
10,476 
Korea
Electric
Power
Corp.
251,742
0.1
2,278 
KT&G
Corp.
283,471
0.1
2,928 
LG
Corp.
203,003
0.1
47,050 
(2)
LG
Display
Co.
Ltd.
296,011
0.1
1,964 
LG
Electronics,
Inc.
217,693
0.1
1,516 
LG
Innotek
Co.
Ltd.
523,608
0.2
35,164 
LG
Uplus
Corp.
360,555
0.2
27,766 
NAVER
Corp.
3,975,000
1.6
859 
POSCO
Holdings,
Inc.
185,478
0.1
2,651 
S-1
Corp.
131,290
0.1
12,554 
Samsung
C&T
Corp.
2,924,615
1.2
1,308 
Samsung
Electro-
Mechanics
Co.
Ltd.
999,504
0.4
58,255 
Samsung
Electronics
Co.
Ltd.
10,139,564
4.1
16,917 
Samsung
Engineering
Co.
Ltd.
500,775
0.2
472 
Samsung
Fire
&
Marine
Insurance
Co.
Ltd.
204,283
0.1
3,796 
Samsung
Life
Insurance
Co.
Ltd.
795,719
0.3
3,733 
Samsung
SDS
Co.
Ltd.
526,233
0.2
2,239 
Samsung
Securities
Co.
Ltd.
151,761
0.1
9,061 
Shinhan
Financial
Group
Co.
Ltd.
629,014
0.3
13,359 
SK
Hynix,
Inc.
15,171,225
6.2
23,098 
SK
Square
Co.
Ltd.
15,882,499
6.5
4,118 
SK
Telecom
Co.
Ltd.
232,702
0.1
1,318 
SK,
Inc.
492,400
0.2
10,274 
Woori
Financial
Group,
Inc.
237,836
0.1
58,938,343
24.1
Taiwan
:
16.1%
33,000 
ASE
Technology
Holding
Co.
Ltd.
563,129
0.2
11,000 
Asustek
Computer,
Inc.
272,938
0.1
19,000 
Delta
Electronics,
Inc.
934,755
0.4
2,000 
Elite
Material
Co.
Ltd.
287,105
0.1
369,000 
(2)(3)
FIT
Hon
Teng
Ltd.
220,732
0.1
88,000 
Formosa
Chemicals
&
Fibre
Corp.
153,238
0.1
140,000 
Hon
Hai
Precision
Industry
Co.
Ltd.
1,069,181
0.4
181,000 
Innolux
Corp.
248,396
0.1
23,100 
King
Yuan
Electronics
Co.
Ltd.
156,022
0.1
2,000 
Largan
Precision
Co.
Ltd.
247,935
0.1
85,000 
Lite-On
Technology
Corp.
538,669
0.2
27,000 
MediaTek,
Inc.
2,876,249
1.2
PORTFOLIO
OF
INVESTMENTS
as
of
July
31,
2026
(Unaudited)
(continued)
5
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Taiwan
(continued)
10,000 
Novatek
Microelectronics
Corp.
$
158,046
0.1
3,000 
Phison
Electronics
Corp.
147,646
0.1
64,000 
Powertech
Technology,
Inc.
457,575
0.2
20,000 
Quanta
Computer,
Inc.
177,918
0.1
11,000 
Realtek
Semiconductor
Corp.
228,105
0.1
85,000 
Synnex
Technology
International
Corp.
243,783
0.1
363,888 
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.
26,915,076
11.0
34,000 
Tripod
Technology
Corp.
381,754
0.1
4,000 
United
Integrated
Services
Co.
Ltd.
133,864
0.0
393,000 
United
Microelectronics
Corp.
1,470,252
0.6
2,000 
Wiwynn
Corp.
325,615
0.1
64,000 
WT
Microelectronics
Co.
Ltd.
386,269
0.2
23,000 
Yageo
Corp.
346,180
0.1
47,000 
Zhen
Ding
Technology
Holding
Ltd.
589,707
0.2
39,530,139
16.1
Thailand
:
1.8%
23,900 
Advanced
Info
Service
PCL
271,477
0.1
4,500 
Bangkok
Dusit
Medical
Services
PCL
2,584
0.0
224,900 
(1)
Bangkok
Dusit
Medical
Services
PCL
-
Class
F
129,166
0.0
100,100 
Central
Pattana
PCL
205,980
0.1
1,435,355 
CP
ALL
PCL
-
Foreign
2,057,875
0.8
8,800 
Digital
Telecommunications
Infrastructure
Fund
2,688
0.0
439,600 
Digital
Telecommunications
Infrastructure
Fund
-
Class
F
134,279
0.1
66,200 
Gulf
Development
PCL
134,554
0.1
24,600 
Kasikornbank
PCL
183,132
0.1
121,600 
Krung
Thai
Bank
PCL
160,633
0.1
72,700 
PTT
Exploration
&
Production
PCL
332,310
0.1
4,600 
PTT
PCL
5,303
0.0
227,900 
PTT
PCL
-
Foreign
262,716
0.1
1,000 
Siam
Cement
PCL
7,589
0.0
49,500 
Siam
Cement
PCL
-
Foreign
375,644
0.1
1,900 
Thai
Oil
PCL
3,718
0.0
94,000 
Thai
Oil
PCL
-
Foreign
183,937
0.1
4,453,585
1.8
Turkey
:
0.5%
421,827 
Akbank
TAS
561,180
0.2
24,148 
BIM
Birlesik
Magazalar
AS
198,339
0.1
49,379 
Turkcell
Iletisim
Hizmetleri
AS,
ADR
265,659
0.1
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Turkey
(continued)
40,053 
Turkiye
Petrol
Rafinerileri
AS
$
249,494
0.1
1,274,672
0.5
United
Arab
Emirates
:
0.9%
112,352 
Abu
Dhabi
National
Oil
Co.
for
Distribution
PJSC
122,351
0.0
292,618 
Air
Arabia
PJSC
388,083
0.2
132,601 
Aldar
Properties
PJSC
267,521
0.1
176,559 
Dubai
Electricity
&
Water
Authority
PJSC
131,689
0.0
166,470 
Dubai
Investments
PJSC
163,120
0.1
78,438 
Emaar
Development
PJSC
276,036
0.1
209,049 
Emaar
Properties
PJSC
623,921
0.3
36,433 
Emirates
Telecommunications
Group
Co.
PJSC
201,954
0.1
2,174,675
0.9
United
Kingdom
:
1.4%
54,975 
Unilever
PLC,
ADR
3,485,965
1.4
United
States
:
0.2%
905 
(2)
BeiGene
Ltd.,
ADR
285,989
0.1
3,340 
Titan
Cement
International
SA
201,017
0.1
487,006
0.2
Total
Common
Stock
(Cost
$180,034,352)
236,503,586
96.6
EXCHANGE-TRADED
FUNDS
:
0.7%
22,894 
iShares
Core
MSCI
Emerging
Markets
ETF
1,776,803
0.7
Total
Exchange-Traded
Funds
(Cost
$1,842,032)
1,776,803
0.7
PREFERRED
STOCK
:
1.4%
Brazil
:
0.9%
144,767 
Cia
Energetica
de
Minas
Gerais
322,711
0.1
101,983 
Gerdau
SA
504,971
0.2
320,999 
Itausa
SA
878,304
0.4
131,734 
Metalurgica
Gerdau
SA
284,042
0.1
21,286 
Petroleo
Brasileiro
SA
182,368
0.1
2,172,396
0.9
Chile
:
0.1%
28,423 
Embotelladora
Andina
SA
141,542
0.1
Colombia
:
0.1%
19,439 
Grupo
de
Inversiones
Suramericana
SA
275,410
0.1
Russia
:
—%
378 
(2)(4)
AK
Transneft
PJSC
OAO
—
—
863,754 
(2)(4)
Surgutneftegas
PJSC
—
—
217 
(2)(4)
Transneft
PJSC
—
—
—
—
South
Korea
:
0.3%
4,432 
LG
Chem
Ltd.
364,733
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
July
31,
2026
(Unaudited)
(continued)
6
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
PREFERRED
STOCK:
(continued)
South
Korea
(continued)
3,569 
Samsung
Electronics
Co.
Ltd.
$
448,498
0.2
813,231
0.3
Total
Preferred
Stock
(Cost
$4,612,106)
3,402,579
1.4
Total
Long-Term
Investments
(Cost
$186,488,490)
241,682,968
98.7
Principal
Amount
†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
2.4%
Repurchase
Agreements
:
0.8%
1,000,000 
(5)
Citadel
Securities
LLC,
Repurchase
Agreement
dated
07/31/2026,
3.700%,
due
08/03/2026
(Repurchase
Amount
$1,000,304,
collateralized
by
various
U.S.
Government
Securities,
0.000%-5.000%,
Market
Value
plus
accrued
interest
$1,020,315,
due
08/15/26-05/15/56)
1,000,000
0.4
917,525 
(5)
Deutsche
Bank
Securities
Inc.,
Repurchase
Agreement
dated
07/31/2026,
3.620%,
due
08/03/2026
(Repurchase
Amount
$917,798,
collateralized
by
various
U.S.
Government
Securities,
1.250%-4.625%,
Market
Value
plus
accrued
interest
$935,876,
due
11/30/27-09/30/30)
917,525
0.4
Total
Repurchase
Agreements
(Cost
$1,917,525)
1,917,525
0.8
Shares
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
(continued)
Mutual
Funds
:
1.6%
3,679,630 
(6)
BlackRock
Liquidity
Funds,
FedFund,
Institutional
Class,
3.560%
$
3,679,630
1.5
200,000 
(6)
Morgan
Stanley
Institutional
Liquidity
Funds
-
Government
Portfolio
(Institutional
Share
Class),
3.590%
200,000
0.1
Total
Mutual
Funds
(Cost
$3,879,630)
3,879,630
1.6
Total
Short-Term
Investments
(Cost
$5,797,155)
5,797,155
2.4
Total
Investments
in
Securities
(Cost
$192,285,645)
$
247,480,123
101.1
Liabilities
in
Excess
of
Other
Assets
(2,673,336)
(1.1)
Net
Assets
$
244,806,787
100.0
ADR
American
Depositary
Receipt
GDR
Global
Depositary
Receipt
†
Unless
otherwise
indicated,
principal
amount
is
shown
in
USD.
(1)
Security,
or
a
portion
of
the
security,
is
on
loan.
(2)
Non-income
producing
security.
(3)
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.
(4)
For
fair
value
measurement
disclosure
purposes,
security
is
categorized
as
Level
3,
whose
value
was
determined
using
significant
unobservable
inputs.
(5)
All
or
a
portion
of
the
security
represents
securities
purchased
with
cash
collateral
received
for
securities
on
loan.
(6)
Rate
shown
is
the
7-day
yield
as
of
July
31,
2026.
Sector
Diversification
Percentage
of
Net
Assets
Information
Technology
31.5
%
Financials
15.4
Industrials
12.4
Consumer
Discretionary
12.3
Communication
Services
7.0
Consumer
Staples
6.5
Energy
5.2
Materials
2.7
Utilities
2.2
Health
Care
1.6
Real
Estate
1.2
Exchange-Traded
Funds
0.7
Foreign
Stock
0.0
Short-Term
Investments
2.4
Liabilities
in
Excess
of
Other
Assets
(1.1)
Net
Assets
100.0%
Portfolio
holdings
are
subject
to
change
daily.
PORTFOLIO
OF
INVESTMENTS
as
of
July
31,
2026
(Unaudited)
(continued)
7
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Fair
Value
Measurements
The
following
is
a
summary
of
the
fair
valuations
according
to
the
inputs
used
as
of
July
31,
2026
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
July
31,
2026
Asset
Table
Investments,
at
fair
value
Common
Stock
Argentina
$
263,358
$
—
$
—
$
263,358
Australia
—
229,969
—
229,969
Brazil
22,005,170
—
—
22,005,170
Chile
761,209
—
—
761,209
China
7,024,050
22,408,130
—
29,432,180
Colombia
303,339
—
—
303,339
Cyprus
—
142,064
—
142,064
Czechia
154,417
—
—
154,417
Egypt
—
752,189
—
752,189
Greece
504,140
1,631,416
—
2,135,556
Hong
Kong
—
4,338,738
—
4,338,738
Hungary
1,067,993
751,399
—
1,819,392
India
5,529,745
18,952,223
—
24,481,968
Indonesia
677,606
525,267
—
1,202,873
Japan
—
5,759,445
—
5,759,445
Kuwait
—
265,203
—
265,203
Luxembourg
289,232
—
—
289,232
Malaysia
647,568
1,538,670
—
2,186,238
Mexico
12,250,390
—
—
12,250,390
Peru
636,121
—
—
636,121
Philippines
—
434,597
—
434,597
Qatar
—
244,177
—
244,177
Romania
383,923
403,080
—
787,003
Russia
—
—
—
—
Saudi
Arabia
398,817
876,414
—
1,275,231
Singapore
6,280,743
—
—
6,280,743
South
Africa
4,176,538
3,551,861
—
7,728,399
South
Korea
—
58,938,343
—
58,938,343
Taiwan
—
39,530,139
—
39,530,139
Thailand
136,967
4,316,618
—
4,453,585
Turkey
265,659
1,009,013
—
1,274,672
United
Arab
Emirates
201,954
1,972,721
—
2,174,675
United
Kingdom
3,485,965
—
—
3,485,965
United
States
285,989
201,017
—
487,006
Total
Common
Stock
67,730,893
168,772,693
—
236,503,586
Exchange-Traded
Funds
1,776,803
—
—
1,776,803
Preferred
Stock
2,589,348
813,231
—
3,402,579
Short-Term
Investments
3,879,630
1,917,525
—
5,797,155
Total
Investments,
at
fair
value
$
75,976,674
$
171,503,449
$
—
$
247,480,123
Liabilities
Table
Other
Financial
Instruments+
Futures
$
(41,714)
$
—
$
—
$
(41,714)
Total
Liabilities
$
(41,714)
$
—
$
—
$
(41,714)
#
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
Fund
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
Fund’s
investments
are
categorized
as
Level
2
investments.
+
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.
PORTFOLIO
OF
INVESTMENTS
as
of
July
31,
2026
(Unaudited)
(continued)
8
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
At
July
31,
2026,
the
following
futures
contracts
were
outstanding
for
Voya
Multi-Manager
Emerging
Markets
Equity
Fund:
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Unrealized
Depreciation
Long
Contracts:
MSCI
Emerging
Markets
Index
10
09/18/26
$
821,150
$
(41,714)
$
821,150
$
(41,714)
Net
unrealized
appreciation
consisted
of:
Gross
Unrealized
Appreciation
$
82,789,732
Gross
Unrealized
Depreciation
(27,595,254)
Net
Unrealized
Appreciation
$
55,194,478