NPORT-EX 2 472158VOYA022823.htm

Voya Multi-Manager Emerging Markets Equity Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited)

Shares			Value		Percentage of Net Assets
COMMON STOCK: 95.6%
		Argentina: 1.0%
32,250		Cresud SACIF y A ADR	$	221,235	0.0
34,992		IRSA Inversiones y Representaciones SA ADR		222,899	0.1
3,705	⁽¹⁾	MercadoLibre, Inc.		4,378,162	0.9
				4,822,296	1.0

		Australia: 0.3%
18,262	⁽²⁾	BHP Group Ltd. ADR		1,281,079	0.3

		Brazil: 6.8%
106,441		Ambev SA		286,845	0.1
67,765		Atacadao Distribuicao Comercio e Industria Ltd.		220,530	0.0
296,157		B3 SA - Brasil Bolsa Balcao		756,684	0.2
696,240		Banco Bradesco SA ADR		1,942,510	0.4
123,208	⁽²⁾	Banco Santander Brasil S.A. ADR		699,821	0.1
138,973		BB Seguridade Participacoes SA		1,036,761	0.2
306,034	^(1),(2)	BRF SA ADR		486,594	0.1
27,108		Cia de Saneamento Basico do Estado de Sao Paulo		298,245	0.1
770,700	⁽¹⁾	Clear Sale SA		730,270	0.2
96,161		EDP - Energias do Brasil S.A.		389,092	0.1
62,041		Energisa SA - Unit		516,367	0.1
87,378		Equatorial Energia SA		484,200	0.1
306,000		Fleury SA		932,534	0.2
360,700	⁽¹⁾	Infracommerce CXAAS SA		245,142	0.1
237,459		Itau Unibanco Holding SA ADR		1,182,546	0.2
163,536		JBS SA		648,822	0.1
1,267,700		JSL SA		1,635,726	0.3
82,691		Klabin SA - Unit		316,344	0.1
404,400	^(1),(3)	Locaweb Servicos de Internet SA		511,445	0.1
803,000		Movida Participacoes SA		1,191,141	0.2
97,175		Petroleo Brasileiro SA ADR		1,127,230	0.2
61,143		Petroleo Brasileiro SA		355,201	0.1
236,300	⁽³⁾	Rede D'Or Sao Luiz SA		1,486,330	0.3
55,817		Rumo SA		202,429	0.0
100,280		Telefonica Brasil SA-VIV ADR		815,276	0.2
60,561		Telefonica Brasil SA-VIVT3		497,129	0.1
402,121		TIM SA/Brazil		936,326	0.2
51,361		Transmissora Alianca de Energia Eletrica SA		375,370	0.1
161,371		Ultrapar Participacoes SA		419,616	0.1
223,104		Vale SA ADR		4,167,583	0.9
185,957		Vale SA		3,475,681	0.7
1,324,000		Vamos Locacao de Caminhoes Maquinas e Equipamentos SA		3,784,497	0.8
55,804	⁽¹⁾	Vasta Platform Ltd.		231,587	0.0
100,669		Vibra Energia SA		328,404	0.1
298,100	⁽¹⁾	Westwing Comercio Varejista Ltd.a		56,375	0.0
6,776	⁽¹⁾	XP, Inc.		120,748	0.0
				32,891,401	6.8

		Chile: 0.9%
279,884		Cencosud SA		502,709	0.1
3,408,393		Cia Sud Americana de Vapores SA		295,822	0.0
61,598		Empresas COPEC SA		464,603	0.1
112,104		Quinenco SA		390,035	0.1
28,236		Sociedad Quimica y Minera de Chile SA ADR		2,754,139	0.6
				4,407,308	0.9

		China: 25.8%
642,500	⁽¹⁾	Alibaba Group Holding Ltd.		8,833,520	1.8
3,800	⁽¹⁾	Alibaba Group Holding Ltd. BABA ADR		418,760	0.1
1,093,750	⁽³⁾	A-Living Smart City Services Co. Ltd - H Shares		1,384,161	0.3
75,500		Anhui Conch Cement Co., Ltd. - H Shares		286,630	0.1
336,000		Anhui Expressway Co. - H Shares		306,424	0.1
87,600		Anta Sports Products Ltd.		1,328,771	0.3
26,390	⁽¹⁾	Baidu, Inc. ADR		3,554,205	0.7
5,518	⁽¹⁾	BeiGene Ltd. ADR		1,412,608	0.3
129,000		Beijing Enterprises Holdings Ltd.		438,060	0.1
3,753,000	⁽³⁾	CGN Power Co. Ltd. - H Shares		876,923	0.2
386,000		China Coal Energy Co. - H Shares		309,756	0.1
564,000		China Communications Services Corp., Ltd. - H Shares		214,624	0.0
110,000	⁽¹⁾	China Conch Environment Protection Holdings Ltd.		48,149	0.0
389,000		China Construction Bank - H Shares		251,796	0.0
3,007,000		China Education Group Holdings Ltd.		4,774,810	1.0
332,000		China Life Insurance Co., Ltd. - H Shares		611,137	0.1
217,201		China Merchants Port Holdings Co. Ltd.		304,478	0.1
266,000		China Overseas Land & Investment Ltd.		718,272	0.1
3,677,650		China Petroleum & Chemical Corp. - H Shares		1,985,820	0.4
1,037,000		China Railway Group Ltd. - H Shares		565,719	0.1

Voya Multi-Manager Emerging Markets Equity Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Shares			Value		Percentage of Net Assets
COMMON STOCK: (continued)
		China: (continued)
46,000		China Resources Beer Holdings Co Ltd.	$	346,301	0.1
63,900		China Resources Gas Group Ltd.		268,715	0.1
80,000		China Resources Land Ltd.		383,405	0.1
182,000		China Shenhua Energy Co., Ltd. - H Shares		566,497	0.1
205,100		COSCO Shipping Holdings Co., Ltd. - H Shares		212,746	0.0
334,800		CSPC Pharmaceutical Group Ltd.		381,740	0.1
23,000	⁽¹⁾	DiDi Global, Inc. ADR		103,960	0.0
48,000		ENN Energy Holdings Ltd.		723,203	0.1
1,000,000		Fu Shou Yuan International Group Ltd.		843,767	0.2
108,000		Ganfeng Lithium Co. Ltd. - A Shares		1,270,083	0.3
111,000		GoerTek, Inc. - A Shares		341,257	0.1
284,000		Guangzhou Automobile Group Co. Ltd. - H Shares		204,319	0.0
135,600		Haier Smart Home Co. Ltd. - H Shares		500,109	0.1
300,000		Hengan International Group Co., Ltd.		1,475,808	0.3
277,860	⁽¹⁾	Inner Mongolia ERDOS Resources Co., Ltd.		567,727	0.1
698,800	⁽¹⁾	Inner Mongolia Yitai Coal Co. - A Shares		1,050,275	0.2
24,448	⁽¹⁾	iQIYI, Inc. ADR		163,801	0.0
83,024		JD.com, Inc. ADR		4,942,419	1.0
128,532		JD.com, Inc. - Class A		3,816,549	0.8
354,000		Jiangsu Expressway Co. Ltd. - H Shares		348,648	0.1
600,000	⁽³⁾	Jinxin Fertility Group Ltd.		559,003	0.1
79,000	⁽¹⁾	KE Holdings, Inc. ADR		1,448,860	0.3
81,500		Kingboard Holdings Ltd.		332,914	0.1
1,726,000		Kunlun Energy Co. Ltd.		1,361,219	0.3
27,000		Kweichow Moutai Co. Ltd. - A Shares (Shanghai)		7,402,594	1.5
59,890	^(1),(3)	Meituan Class B		1,338,894	0.3
206,000		Ming Yang Smart Energy Group Ltd. - A Shares		852,500	0.2
88,450		NetEase, Inc.		1,569,290	0.3
1,166,000		Peoples Insurance Co. Group of China Ltd. - H Shares		393,088	0.1
5,442,000		PetroChina Co., Ltd. - H Shares		2,911,199	0.6
176,900	⁽³⁾	Pharmaron Beijing Co. Ltd. - H Shares		1,296,663	0.3
566,000		PICC Property & Casualty Co., Ltd. - H Shares		532,126	0.1
1,197,871		Ping An Bank Co. Ltd. - A Shares		2,670,024	0.6
226,000		Ping An Insurance Group Co. of China Ltd. - H Shares		1,755,501	0.4
67,010		Prosus NV		5,410,718	1.1
104,200		Shaanxi Coal Industry Co. Ltd. - A Shares		302,170	0.1
169,109		Shandong Head Co. Ltd. - A Shares		637,269	0.1
224,975		Shanghai Baosight Software Co. Ltd. - A Shares		1,669,239	0.3
123,590		Shanghai Baosight Software Co. Ltd. - B Shares		387,371	0.1
212,000		Shanghai Industrial Holdings Ltd.		285,723	0.1
276,000		Shenzhen Expressway Co. Ltd. - H Shares		252,371	0.1
113,926		Shenzhen Inovance Technology Co. Ltd. - A Shares		1,205,490	0.2
72,000		Shenzhou International Group Holdings Ltd.		906,741	0.2
1,108,000		Shougang Fushan Resources Group Ltd.		401,342	0.1
42,517	⁽¹⁾	Sohu.com Ltd. ADR		685,374	0.2
106,227		Sungrow Power Supply Co. Ltd. - A Shares		2,056,691	0.4
254,800		Tencent Holdings Ltd.		12,416,129	2.6
650,000		Tingyi Cayman Islands Holding Corp.		1,081,349	0.2
542,000	⁽³⁾	Topsports International Holdings Ltd. - H Shares		510,707	0.1
38,179	⁽¹⁾	Trip.com Group Ltd. ADR		1,403,460	0.3
348,000		Tsingtao Brewery Co., Ltd. - H Shares		3,359,883	0.7
1,505,600		Uni-President China Holdings Ltd.		1,448,451	0.3
32,941	⁽¹⁾	Weibo Corp. ADR		749,408	0.2
8,520	⁽¹⁾	Weibo Corp.		192,628	0.0
282,800		Wuliangye Yibin Co. Ltd. - A Shares		8,799,800	1.8
207,500	^(1),(3)	Wuxi Biologics Cayman, Inc.		1,732,710	0.4
63,620		Wuxi Shangji Automation Co. Ltd. - A Shares		1,081,085	0.2
86,000		Yankuang Energy Group Co. Ltd. - H Shares		276,580	0.1
82,927		Yifeng Pharmacy Chain Co. Ltd. - A Shares		697,998	0.1
41,350		Yum China Holdings, Inc. - HKD		2,505,314	0.5
155,500	⁽¹⁾	Zai Lab Ltd.		650,426	0.1
63,600		Zhejiang Huayou Cobalt Co. Ltd. - A Shares		622,345	0.1
49,000		Zhejiang Supcon Technology Co. Ltd. - A Shares		669,418	0.1
11,000		ZTO Express Cayman, Inc.		313,176	0.1
				124,271,193	25.8

Voya Multi-Manager Emerging Markets Equity Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Shares			Value		Percentage of Net Assets
COMMON STOCK: (continued)
		Czech Republic: 0.1%
10,259		CEZ AS	$	416,534	0.1

		Egypt: 0.4%
2,803,268	⁽¹⁾	Cleopatra Hospital		530,097	0.1
625,778		Commercial International Bank Egypt SAE		1,029,298	0.2
212,165	⁽¹⁾	Egypt Kuwait Holding Co SAE		260,402	0.1
				1,819,797	0.4

		Georgia: 0.6%
87,872		Bank of Georgia Group PLC		2,892,486	0.6

		Germany: 0.5%
36,600	^(1),(3)	Delivery Hero SE		2,212,712	0.5

		Greece: 0.5%
300,000	⁽¹⁾	Eurobank Ergasias Services and Holdings SA		407,060	0.1
40,338		Hellenic Telecommunications Organization SA		635,896	0.1
31,514		Jumbo SA		565,916	0.1
21,184		Motor Oil Hellas Corinth Refineries SA		517,688	0.1
20,459		OPAP S.A.		307,204	0.1
				2,433,764	0.5

		Hungary: 0.6%
231,603		MOL Hungarian Oil & Gas PLC		1,730,801	0.4
35,000		OTP Bank Nyrt		1,054,602	0.2
				2,785,403	0.6

		India: 12.7%
11,361		ACC Ltd.		273,978	0.1
61,049		Ambuja Cements Ltd.		300,348	0.1
10,376		Asian Paints Ltd.		346,501	0.1
6,366		Bajaj Auto Ltd.		297,684	0.1
302,284		Bharat Electronics Ltd.		351,720	0.1
107,347		Bharat Petroleum Corp. Ltd.		450,555	0.1
6,505		Britannia Industries Ltd.		343,792	0.1
87,000		Cholamandalam Investment and Finance Co. Ltd.		754,059	0.2
36,528		Cipla Ltd.		455,349	0.1
381,154		Coal India Ltd.		1,052,112	0.2
30,722		Coromandel International Ltd.		336,857	0.1
20,600		Cummins India Ltd.		362,604	0.1
162,561	⁽¹⁾	Delhivery Ltd.		601,099	0.1
5,062		Dr Reddys Laboratories Ltd.		268,458	0.1
9,981		Eicher Motors Ltd.		399,003	0.1
127,375		Exide Industries Ltd.		282,397	0.1
502,419		GAIL India Ltd.		586,000	0.1
19,660		Grasim Industries Ltd.		383,105	0.1
164,747		HCL Technologies Ltd.		2,271,796	0.5
207,413		HDFC Bank Ltd.		4,081,607	0.8
34,700		HDFC Bank Ltd. ADR		2,337,392	0.5
14,067		Hero Motocorp Ltd.		476,313	0.1
107,279		Hindalco Industries Ltd.		619,239	0.1
11,679		Hindustan Aeronautics Ltd.		365,496	0.1
151,458		Hindustan Petroleum Corp. Ltd.		440,646	0.1
7,220		Hindustan Unilever Ltd.		227,794	0.0
741,116		Indian Oil Corp. Ltd.		741,356	0.1
206,940		Infosys Ltd.		3,897,778	0.8
111,043		ITC Ltd.		479,219	0.1
67,021		JSW Steel Ltd.		589,177	0.1
18,804		Larsen & Toubro Ltd.		489,513	0.1
42,581		Mahindra & Mahindra Ltd.		719,771	0.1
38,059		Marico Ltd.		232,007	0.0
4,939		Maruti Suzuki India Ltd.		538,409	0.1
1,264		Nestle India Ltd.		294,069	0.1
200,033		NMDC Ltd.		302,466	0.1
186,371	^(1),(4)	NMDC Ltd. (National Stock Ex India)		84,281	0.0
467,920		NTPC Ltd.		980,044	0.2
71,000		Oberoi Realty Ltd.		715,009	0.1
435,927		Oil & Natural Gas Corp., Ltd.		776,760	0.2
663		Page Industries Ltd.		324,946	0.1
6,957		Persistent Systems Ltd.		401,333	0.1
191,463		Petronet LNG Ltd.		509,666	0.1
61,465		Phoenix Mills Ltd.		1,030,469	0.2
9,415		Pidilite Industries Ltd.		262,661	0.0
275,989		Power Grid Corp. of India Ltd.		732,405	0.1
686,791		Reliance Industries Ltd.		19,812,142	4.1
102,000	⁽¹⁾	ReNew Energy Global PLC		612,000	0.1
6,867		Schaeffler India Ltd.		226,658	0.0
7,403		Siemens, Ltd.		265,316	0.1
9,655		SRF Ltd.		258,488	0.0
35,173		Sun Pharmaceutical Industries Ltd.		445,341	0.1
42,082		Tata Consultancy Services Ltd.		1,736,879	0.4
123,956		Tata Consumer Products Ltd.		1,106,837	0.2
4,050		Tata Elxsi Ltd.		330,281	0.1
93,179		Tata Power Co. Ltd.		243,464	0.0
669,743		Tata Steel Ltd.		986,358	0.2
46,833		Tech Mahindra Ltd.		584,781	0.1
8,753		Tube Investments of India Ltd.		280,306	0.1
3,441		Ultratech Cement Ltd.		298,697	0.1
32,269		UPL Ltd.		299,295	0.1
162,308		Vedanta Ltd.		663,182	0.1
63,326		Zee Entertainment Enterprises Ltd.		176,203	0.0
				61,093,471	12.7

		Indonesia: 1.8%
1,629,100		Adaro Energy Indonesia Tbk PT		322,798	0.1
9,447,600		Astra International Tbk PT		3,795,594	0.8
9,820,000		Bank BTPN Syariah Tbk PT		1,679,325	0.3
1,396,600		Bukit Asam Tbk PT		317,511	0.1

Voya Multi-Manager Emerging Markets Equity Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Shares			Value		Percentage of Net Assets
COMMON STOCK: (continued)
		Indonesia: (continued)
705,900		Indofood Sukses Makmur Tbk PT	$	317,231	0.1
2,487,100		Sumber Alfaria Trijaya Tbk PT		470,142	0.1
3,594,200		Telkom Indonesia Persero Tbk PT		928,859	0.2
384,100		United Tractors Tbk PT		630,599	0.1
				8,462,059	1.8

		Kazakhstan: 0.6%
36,880		Kaspi.KZ JSC GDR		2,711,095	0.6

		Kuwait: 0.3%
75,678		Humansoft Holding Co. KSC		842,285	0.2
180,648		Mobile Telecommunications Co. KSCP		328,610	0.0
92,654		National Bank of Kuwait SAKP		333,534	0.1
				1,504,429	0.3

		Malaysia: 0.8%
209,000		CIMB Group Holdings Bhd		282,287	0.1
284,000		Gamuda BHD		261,477	0.0
443,900		IOI Corp. Bhd		398,319	0.1
53,500		Kuala Lumpur Kepong Bhd		269,144	0.0
449,200		Petronas Chemicals Group Bhd		881,528	0.2
50,500		Petronas Dagangan BHD		258,079	0.0
78,500		Petronas Gas BHD		309,528	0.1
563,000		Sime Darby Bhd		305,745	0.1
424,200		Sime Darby Plantation Bhd		431,297	0.1
274,400		Tenaga Nasional BHD		606,370	0.1
355,287	⁽¹⁾	UEM Sunrise Bhd		22,603	0.0
				4,026,377	0.8

		Mexico: 5.2%
743,011		Alfa SA de CV		537,810	0.1
75,501		America Movil SAB de CV-AMX ADR		1,580,236	0.3
589,772		America Movil SAB de CV-AMXL		615,752	0.1
58,220		Arca Continental SAB de CV		513,547	0.1
161,040		Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand ADR		1,014,552	0.2
225,693	⁽¹⁾	Cemex SAB de CV ADR		1,205,201	0.2
13,306		Coca-Cola Femsa SA de CV ADR		1,013,651	0.2
98,825		Coca-Cola Femsa SAB de CV - Unit		751,900	0.2
66,121		El Puerto de Liverpool SAB de CV		419,364	0.1
28,434		Fomento Economico Mexicano SAB de CV ADR		2,496,505	0.5
65,809		Fomento Economico Mexicano SAB de CV - Unit		576,189	0.1
27,255		Gruma SAB de CV		395,295	0.1
56,570		Grupo Aeroportuario del C		516,837	0.1
42,873		Grupo Aeroportuario del Pacifico SA de CV		738,430	0.2
28,145		Grupo Aeroportuario del Sureste SA de CV		762,615	0.2
196,576		Grupo Bimbo SAB de CV		975,964	0.2
101,703		Grupo Comercial Chedraui, S.A. de C.V.		500,994	0.1
293,550		Grupo Financiero Banorte		2,431,895	0.5
165,094	⁽¹⁾	Grupo Financiero Inbursa SA		356,131	0.1
153,030		Grupo Mexico SA de CV Series B		680,612	0.1
231,014		Grupo Televisa SAB ADR		1,420,736	0.3
30,628		Industrias Bachoco SAB de CV		132,821	0.0
148,560		Orbia Advance Corp. SAB de CV		296,008	0.1
227,967		Prologis Property Mexico SA de CV		743,446	0.2
40,983		Promotora y Operadora de Infraestructura SAB de CV		399,982	0.1
82,100		Qualitas Controladora SAB de CV		453,522	0.1
349,000		Regional SAB de CV		3,019,891	0.6
103,964	⁽¹⁾	Sitios Latinoamerica SAB de CV		47,867	0.0
110,812		Wal-Mart de Mexico SAB de CV		432,820	0.1
				25,030,573	5.2

		Peru: 0.2%
134,538		Cia de Minas Buenaventura SAA ADR		1,088,412	0.2

		Philippines: 1.1%
9,518,000	⁽¹⁾	Bloomberry Resorts Corp.		1,610,212	0.3
1,879,200		DMCI Holdings, Inc.		379,400	0.1
737,130		International Container Terminal Services, Inc.		2,802,229	0.6
50,620		Manila Electric Co.		260,425	0.0
17,260		PLDT, Inc.		427,755	0.1
				5,480,021	1.1

		Poland: 0.3%
143,300	⁽¹⁾	InPost SA		1,383,862	0.3

		Qatar: 0.5%
176,284		Commercial Bank PQSC		291,425	0.1
115,128		Industries Qatar QSC		446,052	0.1
117,279		Ooredoo QPSC		288,172	0.0
126,392		Qatar Fuel QSC		621,113	0.1
228,973		Qatar Gas Transport Co. Ltd.		239,650	0.0
55,277		Qatar Islamic Bank SAQ		298,565	0.1

Voya Multi-Manager Emerging Markets Equity Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Shares			Value		Percentage of Net Assets
COMMON STOCK: (continued)
		Qatar: (continued)
112,616		Qatar Navigation QSC	$	294,744	0.1
				2,479,721	0.5

		Romania: 0.1%
6,412,361		OMV Petrom SA		654,712	0.1

		Russia: –%
164,710	^(1),(4)	Alrosa PJSC		–	–
951,000	^(3),(4)	Detsky Mir PJSC		–	–
342,800	^(1),(4)	Fix Price Group PLC GDR		–	–
1,037,141	⁽⁴⁾	Gazprom PJSC		–	–
25,468	⁽⁴⁾	Lukoil PJSC		–	–
14,210	⁽⁴⁾	Magnit OJSC		–	–
271,070	⁽⁴⁾	Magnitogorsk Iron & Steel Works PJSC		–	–
1,179	⁽⁴⁾	MMC Norilsk Nickel OJSC		–	–
91,474	⁽⁴⁾	Mobile Telesystems OJSC		–	–
83,570	⁽⁴⁾	Novolipetsk Steel PJSC		–	–
4,078	⁽⁴⁾	PhosAgro PJSC		–	–
453,015	⁽⁴⁾	Rosneft Oil Co. PJSC		–	–
1,076,340	^(1),(4),(5)	Sberbank of Russia PJSC		–	–
16,184	⁽⁴⁾	Severstal PAO		–	–
34,543	⁽⁴⁾	Tatneft PJSC		–	–
18,262	^(1),(4)	VK Co. Ltd. GDR		–	–
59,681	^(1),(4)	Yandex NV		–	–
				–	–

		Saudi Arabia: 0.8%
6,866		Bupa Arabia for Cooperative Insurance Co.		286,450	0.1
5,297		Dr Sulaiman Al Habib Medical Services Group Co.		331,078	0.1
37,845		Etihad Etisalat Co.		357,529	0.1
7,454		Jarir Marketing Co.		299,610	0.1
6,237		Mouwasat Medical Services Co.		343,372	0.1
15,049		SABIC Agri-Nutrients Co.		551,774	0.1
66,283		Sahara International Petrochemical Co.		659,469	0.1
31,097	⁽³⁾	Saudi Arabian Oil Co.		274,353	0.1
10,935		Saudi Basic Industries Corp.		271,359	0.0
40,605		Saudi Electricity Co.		250,207	0.0
				3,625,201	0.8

		Singapore: 0.4%
926,100	⁽¹⁾	Yangzijiang Financial Holding Ltd.		262,387	0.1
1,730,300		Yangzijiang Shipbuilding Holdings Ltd.		1,705,819	0.3
				1,968,206	0.4

		South Africa: 1.6%
30,524		African Rainbow Minerals Ltd.		497,769	0.1
31,499		Bid Corp. Ltd.		648,988	0.1
58,924		Bidvest Group Ltd.		760,526	0.2
2,374		Capitec Bank Holdings Ltd.		245,201	0.0
24,773		Clicks Group Ltd.		377,831	0.1
58,722		Exxaro Resources Ltd.		736,952	0.1
60,802		MTN Group Ltd.		514,666	0.1
40,334		MultiChoice Group		277,702	0.0
159,208		OUTsurance Group Ltd.		329,213	0.1
35,821		Reinet Investments SCA		678,355	0.1
58,891		Shoprite Holdings Ltd.		815,238	0.2
28,791		Standard Bank Group Ltd.		287,268	0.1
30,855		Tiger Brands Ltd.		368,913	0.1
310,110		Transaction Capital Ltd.		614,873	0.1
47,341		Vodacom Group Pty Ltd.		332,706	0.1
98,743		Woolworths Holdings Ltd./South Africa		427,943	0.1
				7,914,144	1.6

		South Korea: 11.5%
25,700	⁽¹⁾	Doosan Fuel Cell Co. Ltd.		700,017	0.1
9,852	⁽¹⁾	GS Holdings Corp.		354,010	0.1
3,894		Hyundai Glovis Co., Ltd.		526,984	0.1
2,925		Hyundai Mobis Co. Ltd.		489,081	0.1
8,192		KB Financial Group, Inc.		373,329	0.1
14,794		Kia Corp.		806,006	0.2
959		Korea Zinc Co., Ltd.		422,377	0.1
11,586	⁽¹⁾	KT&G Corp.		869,083	0.2
5,677		LG Chem Ltd.		3,204,117	0.7
7,610		LG Corp.		512,489	0.1
40,999	⁽¹⁾	LG Display Co., Ltd.		456,531	0.1
3,213		LG Electronics, Inc.		263,272	0.0
3,473		LG Innotek Co. Ltd.		773,746	0.2
155,216		LG Uplus Corp.		1,403,656	0.3
959		Lotte Confectionery Co. Ltd.		93,549	0.0
4,411		Lotte Corp.		116,266	0.0
1,565		NAVER Corp.		259,987	0.0
4,021		POSCO Holdings, Inc.		988,068	0.2
1,100	^(1),(3)	Samsung Biologics Co. Ltd.		710,248	0.1
4,617		Samsung C&T Corp.		445,916	0.1
3,967		Samsung Electro-Mechanics Co. Ltd.		463,318	0.1
279,032		Samsung Electronics Co., Ltd. 005930		13,898,655	2.9
19,402		Samsung Life Insurance Co. Ltd.		1,117,016	0.2
3,667		Samsung SDS Co. Ltd.		373,946	0.1
44,451		Shinhan Financial Group Co., Ltd.		1,503,084	0.3
154,841		SK Hynix, Inc.		11,201,801	2.3
219,903	⁽¹⁾	SK Square Co. Ltd.		6,514,499	1.3
59,513		SK Telecom Co. Ltd. ADR		1,262,271	0.3
115,543		SK Telecom Co., Ltd.		4,378,513	0.9
1,632		SK, Inc.		263,991	0.1
4,282		S-Oil Corp.		308,896	0.1
30,565		Woori Financial Group, Inc.		318,818	0.1
				55,373,540	11.5

		Taiwan: 14.7%
802,000		Acer, Inc.		669,548	0.1
42,794		Advantech Co. Ltd.		489,338	0.1

Voya Multi-Manager Emerging Markets Equity Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Shares			Value		Percentage of Net Assets
COMMON STOCK: (continued)
		Taiwan: (continued)
289,000		ASE Technology Holding Co. Ltd.	$	975,099	0.2
192,000		Asia Cement Corp.		270,489	0.0
255,000		Asustek Computer, Inc.		2,322,652	0.5
1,962,800		AUO Corp.		1,103,719	0.2
316,000		Chicony Electronics Co. Ltd.		916,420	0.2
409,000		China Airlines Ltd.		266,805	0.0
672,000		China Development Financial Holding Corp.		296,876	0.1
828,000		China Steel Corp.		876,220	0.2
219,500		Chroma ATE, Inc.		1,362,153	0.3
154,000		Chunghwa Telecom Co., Ltd.		575,516	0.1
461,000		Compal Electronics, Inc.		348,002	0.1
100,000		Delta Electronics, Inc.		969,747	0.2
221,000		Eva Airways Corp.		215,664	0.0
448,000		Far Eastern New Century Corp.		489,635	0.1
201,000		Far EasTone Telecommunications Co., Ltd.		447,129	0.1
1,538,000	^(1),(2),(3)	FIT Hon Teng Ltd.		442,574	0.1
207,000		Formosa Chemicals & Fibre Co.		498,932	0.1
283,000		Formosa Plastics Corp.		843,586	0.2
241,000		HON HAI Precision Industry Co., Ltd.		803,671	0.2
1,116,940		Innolux Corp.		456,975	0.1
4,000		Largan Precision Co. Ltd.		285,445	0.1
485,000		Lite-On Technology Corp.		1,077,718	0.2
508,000		MediaTek, Inc.		12,273,773	2.5
194,000		Micro-Star International Co., Ltd.		852,108	0.2
384,000		Nan Ya Plastics Corp.		966,386	0.2
140,000		Nanya Technology Corp.		271,939	0.1
114,000		Novatek Microelectronics Corp., Ltd.		1,357,497	0.3
345,000		Pegatron Corp.		743,698	0.1
264,000		Pou Chen Corp.		302,898	0.1
211,000		Powertech Technology, Inc.		589,762	0.1
67,511		Poya International Co. Ltd.		1,172,586	0.2
121,000		Quanta Computer, Inc.		302,196	0.1
31,000		Realtek Semiconductor Corp.		332,906	0.1
250,000		Ruentex Development Co. Ltd.		374,399	0.1
48,000		Sino-American Silicon Products, Inc.		262,110	0.0
165,000		Synnex Technology International Corp.		333,463	0.1
251,916		Taiwan Cement Corp.		305,137	0.1
113,000		Taiwan Mobile Co., Ltd.		356,538	0.1
1,548,000		Taiwan Semiconductor Manufacturing Co., Ltd.		27,317,242	5.7
22,757		Taiwan Semiconductor Manufacturing Co., Ltd. ADR		2,110,257	0.4
118,000		Transcend Information, Inc.		267,937	0.0
57,000		Unimicron Technology Corp.		262,428	0.0
165,000		Uni-President Enterprises Corp.		370,687	0.1
437,000		United Microelectronics Corp.		715,127	0.1
10,000		Voltronic Power Technology Corp.		506,043	0.1
232,546		Walsin Lihwa Corp.		423,294	0.1
514,000		Winbond Electronics Corp.		372,372	0.1
18,000		Wiwynn Corp.		452,118	0.1
109,000		Zhen Ding Technology Holding Ltd.		402,497	0.1
				71,001,311	14.7

		Thailand: 1.1%
102,500		Advanced Info Service PCL		606,903	0.1
559,100		Bangkok Dusit Medical Services PCL - Foreign		505,514	0.1
158,000		Banpu PCL		55,765	0.0
671,500		Banpu PCL (Foreign)		237,001	0.0
74,100		Bumrungrad Hospital PCL - Foreign		488,355	0.1
813,400		Digital Telecommunications Infrastructure Fund		335,118	0.1
136,700		Intouch Holdings PCL - Foreign		302,072	0.1
59,000		Kasikornbank PCL - Foreign		260,216	0.0
1,191,100		Land & Houses PCL - Foreign		357,936	0.1
112,000		PTT Exploration & Production PCL - Foreign		584,648	0.1
835,300		PTT PCL - Foreign		844,048	0.2
57,300		Siam Cement PCL - Foreign		584,650	0.1
156,900		Thai Oil PCL - Foreign		276,144	0.1
				5,438,370	1.1

		Turkey: 2.3%
180,319	⁽¹⁾	Agesa Hayat ve Emeklilik AS		318,471	0.1
1,013,963		Akbank TAS		918,731	0.2
106,582		BIM Birlesik Magazalar AS		706,736	0.1
3,919	⁽¹⁾	D-MARKET Elektronik Hizmetler ve Ticaret AS ADR		4,703	0.0
327,023		Enka Insaat ve Sanayi AS		517,414	0.1
184,799		Eregli Demir ve Celik Fabrikalari TAS		375,084	0.1
283,903		KOC Holding AS		1,157,494	0.2
570,930	^(1),(3)	MLP Saglik Hizmetleri AS		2,430,727	0.5
344,768	⁽¹⁾	Petkim Petrokimya Holding		300,385	0.1
781,810	⁽¹⁾	Sok Marketler Ticaret AS		1,097,321	0.2

Voya Multi-Manager Emerging Markets Equity Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Shares			Value		Percentage of Net Assets
COMMON STOCK: (continued)
		Turkey: (continued)
99,000		Tofas Turk Otomobil Fabrikasi AS	$	833,668	0.2
681,232		Turkcell Iletisim Hizmet AS		1,320,514	0.3
123,855		Turkcell Iletisim Hizmet AS ADR		614,321	0.1
19,677	⁽¹⁾	Turkiye Petrol Rafinerileri AS		620,476	0.1
				11,216,045	2.3

		United Arab Emirates: 0.5%
207,470		Abu Dhabi National Oil Co. for Distribution PJSC		248,878	0.0
683,299		Air Arabia PJSC		410,282	0.1
267,456		Aldar Properties PJSC		318,524	0.1
251,300	⁽¹⁾	Americana Restaurants International PLC		233,984	0.1
255,964	⁽¹⁾	Emaar Development PJSC		311,676	0.1
189,418		Emaar Properties PJSC		287,824	0.0
70,105		Emirates Telecommunications Group Co. PJSC		491,196	0.1
				2,302,364	0.5

		United Kingdom: 1.0%
58,372	⁽¹⁾	Georgia Capital PLC		550,523	0.1
939,000	⁽¹⁾	Helios Towers PLC		1,238,679	0.3
34,979		Rio Tinto PLC ADR		2,775,584	0.6
				4,564,786	1.0

		United States: 0.6%
24,739		Intel Corp.		699,124	0.1
36,186		Micron Technology, Inc.		2,182,016	0.5
				2,881,140	0.6

	Total Common Stock
	(Cost $478,168,445)			460,433,812	95.6

PREFERRED STOCK: 2.4%
		Brazil: 1.6%
136,905		Bradespar SA		861,674	0.2
258,266		Cia Energetica de Minas Gerais		585,592	0.1
514,616		Cia Paranaense de Energia		790,734	0.2
277,372		Gerdau SA		1,797,675	0.4
49,551		Itau Unibanco Holding S.A.		247,252	0.1
720,576		Itausa SA		1,209,406	0.2
246,064		Metalurgica Gerdau SA		703,830	0.1
112,862		Petroleo Brasileiro SA		582,063	0.1
1,497,000		Raizen SA		970,221	0.2
				7,748,447	1.6

		Russia: –%
863,754	⁽⁴⁾	Surgutneftegas		–	–
217	⁽⁴⁾	Transneft PJSC		–	–
378	^(1),(4)	Transneft PJSC ADR		–	–
				–	–

		South Korea: 0.8%
91,304		Samsung Electronics Co., Ltd.		4,097,184	0.8

	Total Preferred Stock
	(Cost $14,970,400)			11,845,631	2.4

WARRANTS: 0.0%
		Argentina: 0.0%
38,283	⁽¹⁾	IRSA Inversiones y Representaciones SA		17,993	0.0

	Total Warrants
	(Cost $–)			17,993	0.0

	Total Long-Term Investments
	(Cost $493,138,845)			472,297,436	98.0

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 2.2%
		Repurchase Agreements: 0.3%
426,117	⁽⁶⁾	Citigroup, Inc., Repurchase Agreement dated 01/31/23, 4.30%, due 02/01/23 (Repurchase Amount $426,167, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.686%, Market Value plus accrued interest $434,639, due 08/15/24-12/20/72)		426,117	0.1
1,000,000	⁽⁶⁾	RBC Dominion Securities Inc., Repurchase Agreement dated 01/31/23, 4.30%, due 02/01/23 (Repurchase Amount $1,000,118, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.000%, Market Value plus accrued interest $1,020,000, due 02/07/23-12/20/52)		1,000,000	0.2

	Total Repurchase Agreements
	(Cost $1,426,117)			1,426,117	0.3

Voya Multi-Manager Emerging Markets Equity Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Shares			Value			Percentage of Net Assets
		Mutual Funds: 1.9%
7,411,103	⁽⁷⁾	BlackRock Liquidity Funds, FedFund, Institutional Class, 4.070%	$	7,411,103		1.5
1,781,000	⁽⁷⁾	Goldman Sachs Financial Square Government Fund - Institutional Shares, 4.230%		1,781,000		0.4
	Total Mutual Funds
	(Cost $9,192,103)			9,192,103		1.9

	Total Short-Term Investments
	(Cost $10,618,220)			10,618,220		2.2

	Total Investments in Securities (Cost $503,757,065)		$	482,915,656		100.2
	Liabilities in Excess of Other Assets			(1,197,489	)	(0.2)
	Net Assets		$	481,718,167		100.0

†	Unless otherwise indicated, principal amount is shown in USD.
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
(1)	Non-income producing security.
(2)	Security, or a portion of the security, is on loan.
(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)	Restricted security as to resale, excluding Rule 144A securities. As of January 31, 2023, the Fund held restricted securities with a fair value of $– or 0.0% of net assets. Please refer to the table below for additional details.
(6)	All or a portion of the security represents securities purchased with cash collateral received for securities on loan.
(7)	Rate shown is the 7-day yield as of January 31, 2023.

Sector Diversification	Percentage of Net Assets
Information Technology		24.2	%
Consumer Discretionary		12.6
Financials		9.8
Consumer Staples		9.3
Energy		9.2
Materials		9.1
Communication Services		8.9
Industrials		7.6
Health Care		3.1
Utilities		2.5
Real Estate		1.7
Short-Term Investments		2.2
Liabilities in Excess of Other Assets		(0.2	)
Net Assets		100.0	%

Portfolio holdings are subject to change daily.

Voya Multi-Manager Emerging Markets Equity Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of January 31, 2023 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 January 31, 2023
Asset Table
Investments, at fair value
Common Stock
Argentina	$	4,822,296	$	–	$	–	$	4,822,296
Australia		1,281,079		–		–		1,281,079
Brazil		32,891,401		–		–		32,891,401
Chile		4,407,308		–		–		4,407,308
China		14,882,855		109,388,338		–		124,271,193
Czech Republic		416,534		–		–		416,534
Egypt		–		1,819,797		–		1,819,797
Georgia		2,892,486		–		–		2,892,486
Germany		–		2,212,712		–		2,212,712
Greece		–		2,433,764		–		2,433,764
Hungary		–		2,785,403		–		2,785,403
India		2,949,392		58,059,798		84,281		61,093,471
Indonesia		–		8,462,059		–		8,462,059
Kazakhstan		–		2,711,095		–		2,711,095
Kuwait		–		1,504,429		–		1,504,429
Malaysia		567,607		3,458,770		–		4,026,377
Mexico		25,030,573		–		–		25,030,573
Peru		1,088,412		–		–		1,088,412
Philippines		–		5,480,021		–		5,480,021
Poland		–		1,383,862		–		1,383,862
Qatar		298,565		2,181,156		–		2,479,721
Romania		–		654,712		–		654,712
Russia⁽¹⁾		–		–		–		–
Saudi Arabia		–		3,625,201		–		3,625,201
Singapore		–		1,968,206		–		1,968,206
South Africa		4,982,113		2,932,031		–		7,914,144
South Korea		1,262,271		54,111,269		–		55,373,540
Taiwan		2,110,257		68,891,054		–		71,001,311
Thailand		335,118		5,103,252		–		5,438,370
Turkey		2,034,816		9,181,229		–		11,216,045
United Arab Emirates		233,984		2,068,380		–		2,302,364
United Kingdom		4,564,786		–		–		4,564,786
United States		2,881,140		–		–		2,881,140
Total Common Stock		109,932,993		350,416,538		84,281		460,433,812
Preferred Stock		7,748,447		4,097,184		–		11,845,631
Warrants		17,993		–		–		17,993
Short-Term Investments		9,192,103		1,426,117		–		10,618,220
Total Investments, at fair value	$	126,891,536	$	355,939,839	$	84,281	$	482,915,656
Other Financial Instruments+
Futures		68,481		–		–		68,481
Total Assets	$	126,960,017	$	355,939,839	$	84,281	$	482,984,137

+	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.
#	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.
(1)	Russian securities were fair valued at $0.

At January 31, 2023, Voya Multi-Manager Emerging Markets Equity Fund held the following restricted securities:

Security	Acquisition Date	Acquisition Cost		Fair Value
Sberbank of Russia PJSC	3/19/2021	$	4,076,605	$	–
		$	4,076,605	$	–

Voya Multi-Manager Emerging Markets Equity Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

At January 31, 2023, the following futures contracts were outstanding for Voya Multi-Manager Emerging Markets Equity Fund:

Description	Number of Contracts	Expiration Date	Notional Amount		Unrealized Appreciation/ (Depreciation)
Long Contracts:
MSCI Emerging Markets Index	48	03/17/23	$	2,507,040	$	68,481
			$	2,507,040	$	68,481

At January 31, 2023, 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 $523,243,968.

Net unrealized depreciation consisted of:

Gross Unrealized Appreciation	$	37,477,264
Gross Unrealized Depreciation		(77,714,187	)
Net Unrealized Depreciation	$	(40,236,923	)