NPORT-EX 2 472158VOYA013124.htm
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2024
(Unaudited)
1
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK
:
98.2%
Argentina
:
0.2%
22,874 
Cresud
SACIF
y
A,
ADR
$
209,069
0.1
30,233 
IRSA
Inversiones
y
Representaciones
SA,
ADR
264,841
0.1
473,910
0.2
Brazil
:
7.9%
59,320 
B3
SA
-
Brasil
Bolsa
Balcao
156,609
0.1
471,098 
Banco
Bradesco
SA,
ADR
1,460,404
0.6
88,002 
Banco
Santander
Brasil
SA,
ADR
503,371
0.2
29,846 
BB
Seguridade
Participacoes
SA
207,230
0.1
197,092 
(1)(2)
BRF
SA,
ADR
551,858
0.2
44,433 
CCR
SA
118,114
0.0
13,896 
Energisa
S/A
141,950
0.1
14,258 
Equatorial
Energia
SA
102,250
0.0
293,402 
Itau
Unibanco
Holding
SA,
ADR
1,936,453
0.8
77,006 
Klabin
SA
332,153
0.1
31,113 
Petroleo
Brasileiro
SA
266,957
0.1
172,464 
Petroleo
Brasileiro
SA
-
Foreign,
ADR
2,943,961
1.2
289,054 
Raia
Drogasil
SA
1,476,075
0.6
39,995 
Rumo
SA
186,397
0.1
69,376 
(1)
Sitios
Latinoamerica
SAB
de
CV
25,878
0.0
40,772 
Suzano
SA
426,039
0.2
19,190 
Telefonica
Brasil
SA
198,702
0.1
106,964 
Telefonica
Brasil
SA,
ADR
1,103,868
0.5
289,517 
TIM
SA/Brazil
1,017,961
0.4
99,070 
Ultrapar
Participacoes
SA
563,498
0.2
182,970 
Vale
SA,
ADR
2,504,859
1.0
30,653 
Vale
SA
-
Foreign
420,656
0.2
72,734 
Vibra
Energia
SA
349,400
0.1
98,152 
XP,
Inc.
-
Class
A
2,412,576
1.0
19,407,219
7.9
Chile
:
0.6%
126,906 
Cencosud
SA
220,850
0.1
61,061 
Empresas
CMPC
SA
99,492
0.0
19,892 
Empresas
Copec
SA
126,461
0.0
2,167,581 
Enel
Chile
SA
130,293
0.1
22,259 
(2)
Sociedad
Quimica
y
Minera
de
Chile
SA,
ADR
936,436
0.4
1,513,532
0.6
China
:
16.5%
488,200 
Alibaba
Group
Holding
Ltd.
4,378,655
1.8
12,026 
(1)
Baidu,
Inc.,
ADR
1,266,458
0.5
3,538 
(1)
BeiGene
Ltd.,
ADR
524,438
0.2
4,500 
BYD
Co.
Ltd.
-
Class
H
100,756
0.0
1,451,000 
(3)
CGN
Power
Co.
Ltd.
-
Class
H
406,606
0.2
236,000 
China
Communications
Services
Corp.
Ltd.
-
Class
H
97,177
0.0
142,000 
China
Life
Insurance
Co.
Ltd.
-
Class
H
163,704
0.1
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
China
(continued)
744,104 
China
Mengniu
Dairy
Co.
Ltd.
$
1,648,726
0.7
1,579,650 
China
Petroleum
&
Chemical
Corp.
-
Class
H
821,739
0.3
275,000 
China
Railway
Group
Ltd.
-
Class
H
125,768
0.1
376,000 
(3)
China
Railway
Signal
&
Communication
Corp.
Ltd.
-
Class
H
133,959
0.1
198,000 
CRRC
Corp.
Ltd.
-
Class
H
92,029
0.0
162,800 
CSPC
Pharmaceutical
Group
Ltd.
119,770
0.0
20,875 
(1)
DiDi
Global,
Inc.,
ADR
73,062
0.0
11,900 
ENN
Energy
Holdings
Ltd.
88,582
0.0
481,838 
H
World
Group
Ltd.
1,510,288
0.6
50,600 
Haier
Smart
Home
Co.
Ltd.
-
Class
H
142,979
0.1
266,000 
Hengan
International
Group
Co.
Ltd.
823,667
0.3
91,100 
Inner
Mongolia
Yitai
Coal
Co.
Ltd.
-
Class
B
172,326
0.1
90,000 
(1)(3)
Innovent
Biologics,
Inc.
362,602
0.1
33,145 
(1)
iQIYI,
Inc.,
ADR
111,036
0.0
216,961 
JD.com,
Inc.
-
Class
A
2,446,482
1.0
90,000 
Jiangxi
Copper
Co.
Ltd.
-
Class
H
125,868
0.1
17,800 
Kweichow
Moutai
Co.
Ltd.
-
Class
A
3,984,147
1.6
26,480 
(1)(3)
Meituan
-
Class
B
212,985
0.1
6,600 
NetEase,
Inc.
128,292
0.1
671,000 
People's
Insurance
Co.
Group
of
China
Ltd.
-
Class
H
208,599
0.1
2,520,000 
PetroChina
Co.
Ltd.
-
Class
H
1,822,882
0.7
116,000 
PICC
Property
&
Casualty
Co.
Ltd.
-
Class
H
144,288
0.1
1,485,857 
Shandong
Weigao
Group
Medical
Polymer
Co.
Ltd.
-
Class
H
952,186
0.4
165,500 
Shenzhen
International
Holdings
Ltd.
136,206
0.1
23,457 
Shenzhen
Mindray
Bio-
Medical
Electronics
Co.
Ltd.
-
Class
A
878,168
0.4
73,200 
Sinopharm
Group
Co.
Ltd.
-
Class
H
192,478
0.1
23,002 
(1)
Sohu.com
Ltd.,
ADR
220,819
0.1
169,296 
Tencent
Holdings
Ltd.
5,876,488
2.4
632,000 
Tingyi
Cayman
Islands
Holding
Corp.
629,307
0.3
159,000 
(3)
Topsports
International
Holdings
Ltd.
103,061
0.0
32,029 
(1)
Trip.com
Group
Ltd.,
ADR
1,170,980
0.5
122,000 
Tsingtao
Brewery
Co.
Ltd.
-
Class
H
696,220
0.3
1,344,600 
Uni-President
China
Holdings
Ltd.
755,293
0.3
28,601 
Weibo
Corp.,
ADR
231,668
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2024
(Unaudited)
(continued)
2
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
China
(continued)
10,440 
(2)
Weibo
Corp.
-
Class
A
$
83,514
0.0
185,200 
Wuliangye
Yibin
Co.
Ltd.
-
Class
A
3,269,104
1.3
368,400 
Yangzijiang
Shipbuilding
Holdings
Ltd.
459,918
0.2
70,390 
Yum
China
Holdings,
Inc.
2,421,833
1.0
40,315,113
16.5
Colombia
:
0.0%
164,813 
Ecopetrol
SA
98,829
0.0
France
:
0.8%
3,853 
L'Oreal
SA
1,843,862
0.8
Germany
:
0.5%
6,372 
adidas
AG
1,202,952
0.5
Greece
:
0.6%
6,938 
GEK
Terna
Holding
Real
Estate
Construction
SA
104,520
0.1
7,280 
Hellenic
Telecommunications
Organization
SA
101,081
0.0
11,018 
Helleniq
Energy
Holdings
SA
88,369
0.0
5,299 
Jumbo
SA
148,892
0.1
7,748 
Motor
Oil
Hellas
Corinth
Refineries
SA
211,675
0.1
12,817 
Mytilineos
SA
526,349
0.2
15,197 
OPAP
SA
263,102
0.1
1,443,988
0.6
Hong
Kong
:
2.3%
338,868 
AIA
Group
Ltd.
2,657,545
1.1
75,000 
Beijing
Enterprises
Holdings
Ltd.
271,449
0.1
1,073,685 
(3)
Budweiser
Brewing
Co.
APAC
Ltd.
1,692,281
0.7
898,000 
Kunlun
Energy
Co.
Ltd.
804,516
0.3
197,000 
Want
Want
China
Holdings
Ltd.
108,605
0.1
5,534,396
2.3
Hungary
:
0.3%
64,503 
MOL
Hungarian
Oil
&
Gas
PLC
528,637
0.2
11,928 
Richter
Gedeon
Nyrt
321,992
0.1
850,629
0.3
India
:
16.2%
18,949 
Ambuja
Cements
Ltd.
127,533
0.0
31,278 
Asian
Paints
Ltd.
1,111,043
0.5
2,444 
Bajaj
Auto
Ltd.
225,931
0.1
13,410 
Bajaj
Finance
Ltd.
1,109,966
0.5
84,249 
Bharat
Electronics
Ltd.
188,698
0.1
80,325 
Bharat
Petroleum
Corp.
Ltd.
486,854
0.2
2,920 
Britannia
Industries
Ltd.
182,634
0.1
11,918 
Cipla
Ltd./India
193,837
0.1
110,702 
Coal
India
Ltd.
542,037
0.2
2,719 
Coforge
Ltd.
204,400
0.1
7,040 
Colgate-Palmolive
India
Ltd.
218,029
0.1
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
India
(continued)
8,242 
Coromandel
International
Ltd.
$
104,214
0.0
7,383 
Cummins
India
Ltd.
203,985
0.1
2,280 
Divi's
Laboratories
Ltd.
100,788
0.0
5,341 
Dr
Reddy's
Laboratories
Ltd.
392,440
0.2
2,470 
Eicher
Motors
Ltd.
114,339
0.0
47,812 
Exide
Industries
Ltd.
192,962
0.1
187,240 
GAIL
India
Ltd.
389,607
0.2
83,268 
HCL
Technologies
Ltd.
1,579,236
0.6
3,621 
(3)
HDFC
Asset
Management
Co.
Ltd.
156,195
0.1
48,000 
HDFC
Bank
Ltd.
844,122
0.3
65,941 
HDFC
Bank
Ltd.,
ADR
3,659,066
1.5
6,610 
Hero
MotoCorp
Ltd.
367,987
0.1
40,469 
Hindalco
Industries
Ltd.
281,849
0.1
4,604 
Hindustan
Aeronautics
Ltd.
166,607
0.1
357,341 
Indian
Oil
Corp.
Ltd.
632,804
0.3
20,479 
Indraprastha
Gas
Ltd.
106,240
0.0
65,852 
Infosys
Ltd.
1,312,837
0.5
155,976 
Infosys
Ltd.
-
Foreign,
ADR
3,097,683
1.3
3,705 
(1)(3)
InterGlobe
Aviation
Ltd.
132,128
0.1
20,558 
ITC
Ltd.
109,288
0.0
12,239 
Jindal
Steel
&
Power
Ltd.
111,625
0.0
12,800 
JSW
Steel
Ltd.
126,033
0.0
5,566 
Larsen
&
Toubro
Ltd.
233,022
0.1
1,568 
(3)
LTIMindtree
Ltd.
102,702
0.0
8,088 
Mahindra
&
Mahindra
Ltd.
160,830
0.1
1,165 
Maruti
Suzuki
India
Ltd.
142,889
0.1
3,348 
Mphasis
Ltd.
104,619
0.0
155 
MRF
Ltd.
265,783
0.1
5,493 
Nestle
India
Ltd.
165,694
0.1
113,358 
NMDC
Ltd.
300,125
0.1
104,156 
NTPC
Ltd.
398,777
0.2
159,407 
Oil
&
Natural
Gas
Corp.
Ltd.
484,233
0.2
29,611 
Oil
India
Ltd.
152,062
0.1
1,941 
Oracle
Financial
Services
Software
Ltd.
152,369
0.1
2,098 
Persistent
Systems
Ltd.
210,559
0.1
101,022 
Petronet
LNG
Ltd.
327,489
0.1
2,236 
PI
Industries
Ltd.
90,865
0.0
8,288 
Piramal
Enterprises
Ltd.
91,438
0.0
96,915 
Power
Grid
Corp.
of
India
Ltd.
302,699
0.1
18,145 
Rajesh
Exports
Ltd.
79,821
0.0
312,231 
Reliance
Industries
Ltd.
10,727,173
4.4
373,918 
(1)
Reliance
Strategic
Investments
Ltd.
1,116,411
0.5
11,845 
Sun
Pharmaceutical
Industries
Ltd.
202,359
0.1
2,641 
Supreme
Industries
Ltd.
131,396
0.1
4,505 
Tata
Communications
Ltd.
94,238
0.0
46,796 
Tata
Consultancy
Services
Ltd.
2,149,393
0.9
104,516 
Tata
Consumer
Products
Ltd.
1,407,476
0.6
18,807 
Tata
Motors
Ltd.
200,160
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2024
(Unaudited)
(continued)
3
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
India
(continued)
146,766 
Tata
Steel
Ltd.
$
240,330
0.1
20,792 
Tech
Mahindra
Ltd.
333,100
0.1
1,702 
UltraTech
Cement
Ltd.
208,107
0.1
60,938 
Vedanta
Ltd.
201,195
0.1
13,154 
Zydus
Lifesciences
Ltd.
120,380
0.0
39,670,691
16.2
Indonesia
:
2.0%
4,649,100 
Astra
International
Tbk
PT
1,506,497
0.6
4,022,792 
Bank
Central
Asia
Tbk
PT
2,433,895
1.0
259,800 
Bank
Mandiri
Persero
Tbk
PT
109,380
0.1
227,700 
Indofood
Sukses
Makmur
Tbk
PT
92,004
0.0
572,100 
Sumber
Alfaria
Trijaya
Tbk
PT
96,018
0.0
691,400 
Telkom
Indonesia
Persero
Tbk
PT
173,422
0.1
1,527,900 
Unilever
Indonesia
Tbk
PT
300,158
0.1
80,600 
United
Tractors
Tbk
PT
117,080
0.1
4,828,454
2.0
Japan
:
1.3%
11,727 
Fast
Retailing
Co.
Ltd.
3,130,839
1.3
Kuwait
:
0.1%
13,522 
Humansoft
Holding
Co.
KSC
150,963
0.1
58,995 
Mobile
Telecommunications
Co.
KSCP
100,827
0.0
251,790
0.1
Malaysia
:
0.6%
190,700 
Axiata
Group
Bhd
109,874
0.0
96,300 
CIMB
Group
Holdings
Bhd
126,841
0.1
142,100 
Gamuda
Bhd
151,714
0.1
36,400 
Kuala
Lumpur
Kepong
Bhd
170,701
0.1
62,100 
Petronas
Chemicals
Group
Bhd
88,760
0.0
23,600 
Petronas
Dagangan
Bhd
106,474
0.0
31,800 
Petronas
Gas
Bhd
119,267
0.1
194,700 
Sime
Darby
Bhd
99,898
0.0
87,800 
Tenaga
Nasional
Bhd
198,989
0.1
216,287 
UEM
Sunrise
Bhd
46,856
0.0
435,400 
YTL
Corp.
Bhd
214,658
0.1
1,434,032
0.6
Mexico
:
8.0%
169,030 
Alfa
SAB
de
CV
-
Class
A
132,187
0.1
29,515 
(1)
Alsea
SAB
de
CV
115,803
0.0
72,276 
America
Movil
SAB
de
CV
-
Foreign,
ADR
1,304,582
0.5
14,929 
Arca
Continental
SAB
de
CV
169,730
0.1
599,351 
(1)
Cemex
SAB
de
CV
496,920
0.2
130,721 
(1)
Cemex
SAB
de
CV
-
Foreign,
ADR
1,082,370
0.4
39,431 
Coca-Cola
Femsa
SAB
de
CV
374,757
0.2
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Mexico
(continued)
10,545 
Coca-Cola
Femsa
SAB
de
CV
-
Foreign,
ADR
$
1,001,142
0.4
57,855 
Corp
Inmobiliaria
Vesta
SAB
de
CV
219,837
0.1
18,393 
El
Puerto
de
Liverpool
SAB
de
CV
-
Class
C1
129,018
0.1
308,016 
Fibra
Uno
Administracion
SA
de
CV
523,098
0.2
40,445 
Fomento
Economico
Mexicano
SAB
de
CV
547,687
0.2
43,088 
Fomento
Economico
Mexicano
SAB
de
CV
-
Foreign,
ADR
5,840,147
2.4
14,357 
GCC
SAB
de
CV
166,714
0.1
11,365 
Gruma
SAB
de
CV
-
Class
B
212,621
0.1
17,592 
Grupo
Aeroportuario
del
Centro
Norte
SAB
de
CV
160,788
0.1
15,648 
Grupo
Aeroportuario
del
Pacifico
SAB
de
CV
-
Class
B
243,655
0.1
8,431 
Grupo
Aeroportuario
del
Sureste
SAB
de
CV
-
Class
B
245,408
0.1
69,146 
Grupo
Bimbo
SAB
de
CV
314,404
0.1
80,763 
Grupo
Comercial
Chedraui
SA
de
CV
546,334
0.2
167,385 
Grupo
Financiero
Banorte
SAB
de
CV
-
Class
O
1,702,004
0.7
19,880 
Grupo
Mexico
SAB
de
CV
102,475
0.0
190,189 
Grupo
Televisa
SAB,
ADR
572,469
0.2
52,638 
Kimberly-Clark
de
Mexico
SAB
de
CV
-
Class
A
119,519
0.0
72,792 
Orbia
Advance
Corp.
SAB
de
CV
144,895
0.1
44,409 
Prologis
Property
Mexico
SA
de
CV
182,678
0.1
18,208 
Promotora
y
Operadora
de
Infraestructura
SAB
de
CV
179,208
0.1
662,299 
Wal-Mart
de
Mexico
SAB
de
CV
2,735,545
1.1
19,565,995
8.0
Netherlands
:
1.0%
21,748 
Heineken
NV
2,187,742
0.9
23,710 
NEPI
Rockcastle
NV
159,666
0.1
2,347,408
1.0
Peru
:
0.8%
80,307 
Cia
de
Minas
Buenaventura
SAA,
ADR
1,218,257
0.5
4,670 
Credicorp
Ltd.
693,168
0.3
1,911,425
0.8
Philippines
:
0.2%
589,100 
DMCI
Holdings,
Inc.
112,389
0.1
45,350 
International
Container
Terminal
Services,
Inc.
196,094
0.1
16,100 
Manila
Electric
Co.
103,597
0.0
412,080
0.2
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2024
(Unaudited)
(continued)
4
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Qatar
:
0.1%
35,433 
Ooredoo
QPSC
$
104,129
0.0
45,107 
Qatar
Fuel
QSC
194,273
0.1
298,402
0.1
Romania
:
0.1%
2,375,021 
OMV
Petrom
SA
299,199
0.1
Russia
:
0.1%
164,710 
(4)
Alrosa
PJSC
—
—
951,000 
(1)(3)(4)
Detsky
Mir
PJSC
—
—
1,037,141 
(1)(4)
Gazprom
PJSC
—
—
25,468 
(4)
Lukoil
PJSC
—
—
14,210 
(4)
Magnit
PJSC
—
—
271,070 
(1)(4)
Magnitogorsk
Iron
&
Steel
Works
PJSC
—
—
1,179 
(4)
MMC
Norilsk
Nickel
PJSC
—
—
91,474 
(4)
Mobile
TeleSystems
PJSC
—
—
83,570 
(1)(4)
Novolipetsk
Steel
PJSC
—
—
4,078 
(4)
PhosAgro
PJSC
—
—
453,015 
(4)
Rosneft
Oil
Co.
PJSC
—
—
1,076,340 
(4)
Sberbank
of
Russia
PJSC
—
—
16,184 
(1)(4)
Severstal
PAO
—
—
34,543 
(4)
Tatneft
PJSC
—
—
25,031 
(1)(4)
Yandex
NV
-
Class
A
356,125
0.1
356,125
0.1
Saudi
Arabia
:
0.4%
34,409 
Abdullah
Al
Othaim
Markets
Co.
125,818
0.1
1,869 
Bupa
Arabia
for
Cooperative
Insurance
Co.
102,906
0.0
12,880 
Etihad
Etisalat
Co.
178,941
0.1
25,434 
Jarir
Marketing
Co.
103,361
0.0
3,959 
SABIC
Agri-Nutrients
Co.
134,985
0.1
3,335 
Saudi
Airlines
Catering
Co.
102,449
0.0
15,509 
Saudi
Telecom
Co.
168,763
0.1
1,154 
Saudia
Dairy
&
Foodstuff
Co.
110,781
0.0
1,028,004
0.4
South
Africa
:
1.6%
13,625 
Bid
Corp.
Ltd.
330,486
0.1
9,775 
Bidvest
Group
Ltd.
128,870
0.0
8,070 
Clicks
Group
Ltd.
129,715
0.0
9,869 
Gold
Fields
Ltd.
145,620
0.1
48,233 
MTN
Group
Ltd.
246,131
0.1
178,584 
OUTsurance
Group
Ltd.
399,185
0.2
45,372 
Remgro
Ltd.
382,169
0.2
486,905 
Sanlam
Ltd.
1,857,638
0.8
16,817 
Tiger
Brands
Ltd.
188,519
0.1
29,971 
Woolworths
Holdings
Ltd./
South
Africa
111,047
0.0
3,919,380
1.6
South
Korea
:
15.8%
2,109 
(1)
DB
Insurance
Co.
Ltd.
139,122
0.1
3,388 
Doosan
Bobcat,
Inc.
129,029
0.0
4,409 
Hana
Financial
Group,
Inc.
157,655
0.1
2,416 
HD
Hyundai
Co.
Ltd.
128,772
0.0
1,347 
(1)
Hyundai
Glovis
Co.
Ltd.
176,380
0.1
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
South
Korea
(continued)
2,322 
Hyundai
Mobis
Co.
Ltd.
$
363,982
0.1
1,509 
Hyundai
Motor
Co.
219,484
0.1
4,073 
(1)
Hyundai
Steel
Co.
101,994
0.0
26,369 
(1)
Kakao
Corp.
1,031,181
0.4
3,669 
KB
Financial
Group,
Inc.
155,704
0.1
8,123 
(1)
Kia
Corp.
623,936
0.3
9,640 
(1)
Korean
Air
Lines
Co.
Ltd.
162,077
0.1
4,117 
KT&G
Corp.
279,603
0.1
3,343 
LG
Electronics,
Inc.
233,022
0.1
108,469 
LG
Uplus
Corp.
830,469
0.3
2,703 
(1)
Lotte
Corp.
58,714
0.0
582 
(1)
Lotte
Wellfood
Co.
Ltd.
55,375
0.0
13,915 
(1)
NAVER
Corp.
2,075,035
0.8
860 
POSCO
Holdings,
Inc.
272,861
0.1
2,887 
Samsung
C&T
Corp.
298,240
0.1
1,369 
Samsung
Electro-
Mechanics
Co.
Ltd.
142,377
0.1
180,141 
Samsung
Electronics
Co.
Ltd.
9,788,293
4.0
9,408 
(1)
Samsung
Engineering
Co.
Ltd.
156,921
0.1
795 
(1)
Samsung
Fire
&
Marine
Insurance
Co.
Ltd.
157,314
0.1
28,390 
Samsung
Life
Insurance
Co.
Ltd.
1,475,304
0.6
1,751 
Samsung
SDS
Co.
Ltd.
199,125
0.1
41,884 
Shinhan
Financial
Group
Co.
Ltd.
1,283,329
0.5
70,675 
SK
Hynix,
Inc.
7,077,443
2.9
169,294 
(1)
SK
Square
Co.
Ltd.
6,576,765
2.7
111,890 
SK
Telecom
Co.
Ltd.
4,206,913
1.7
12,666 
Woori
Financial
Group,
Inc.
131,326
0.1
38,687,745
15.8
Taiwan
:
14.3%
8,000 
Accton
Technology
Corp.
134,580
0.1
249,000 
Acer,
Inc.
365,680
0.1
18,471 
Advantech
Co.
Ltd.
199,103
0.1
154,000 
ASE
Technology
Holding
Co.
Ltd.
665,861
0.3
74,000 
Asia
Cement
Corp.
93,841
0.0
17,000 
Asustek
Computer,
Inc.
241,388
0.1
22,000 
Catcher
Technology
Co.
Ltd.
136,702
0.1
132,000 
Chicony
Electronics
Co.
Ltd.
692,106
0.3
136,000 
China
Steel
Corp.
108,981
0.0
52,000 
Chunghwa
Telecom
Co.
Ltd.
197,127
0.1
693,000 
Compal
Electronics,
Inc.
794,772
0.3
156,000 
CTBC
Financial
Holding
Co.
Ltd.
141,525
0.1
34,000 
Delta
Electronics,
Inc.
304,252
0.1
10,000 
Eclat
Textile
Co.
Ltd.
174,533
0.1
166,000 
Far
Eastern
New
Century
Corp.
163,783
0.1
54,000 
Far
EasTone
Telecommunications
Co.
Ltd.
138,608
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2024
(Unaudited)
(continued)
5
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Taiwan
(continued)
27,000 
Feng
TAY
Enterprise
Co.
Ltd.
$
139,213
0.1
979,000 
(1)(3)
FIT
Hon
Teng
Ltd.
117,017
0.0
72,000 
Formosa
Chemicals
&
Fibre
Corp.
129,987
0.1
87,000 
Formosa
Plastics
Corp.
199,930
0.1
124,000 
Foxconn
Technology
Co.
Ltd.
199,684
0.1
11,000 
Gigabyte
Technology
Co.
Ltd.
108,852
0.0
117,000 
Hon
Hai
Precision
Industry
Co.
Ltd.
382,733
0.2
262,000 
Inventec
Corp.
460,156
0.2
4,000 
Largan
Precision
Co.
Ltd.
317,139
0.1
106,000 
Lite-On
Technology
Corp.
367,090
0.1
230,000 
MediaTek,
Inc.
7,097,254
2.9
71,000 
Micro-Star
International
Co.
Ltd.
411,802
0.2
118,000 
Nan
Ya
Plastics
Corp.
228,685
0.1
35,000 
Novatek
Microelectronics
Corp.
570,140
0.2
186,000 
Pegatron
Corp.
490,328
0.2
288,000 
Pou
Chen
Corp.
289,926
0.1
105,000 
Powertech
Technology,
Inc.
487,483
0.2
13,000 
President
Chain
Store
Corp.
109,608
0.0
19,000 
Quanta
Computer,
Inc.
150,233
0.1
20,000 
Realtek
Semiconductor
Corp.
299,308
0.1
25,000 
Sino-American
Silicon
Products,
Inc.
152,861
0.1
234,000 
Taishin
Financial
Holding
Co.
Ltd.
128,188
0.0
44,000 
Taiwan
Mobile
Co.
Ltd.
137,537
0.1
747,000 
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.
14,953,819
6.1
141,000 
Teco
Electric
and
Machinery
Co.
Ltd.
206,793
0.1
22,000 
Unimicron
Technology
Corp.
123,426
0.0
133,000 
Uni-President
Enterprises
Corp.
307,348
0.1
507,000 
United
Microelectronics
Corp.
789,733
0.3
44,000 
Vanguard
International
Semiconductor
Corp.
103,240
0.0
155,000 
Wistron
Corp.
567,505
0.2
2,000 
Wiwynn
Corp.
141,002
0.1
54,000 
Zhen
Ding
Technology
Holding
Ltd.
173,845
0.1
34,894,707
14.3
Thailand
:
1.8%
31,200 
Advanced
Info
Service
PCL
192,422
0.1
173,400 
Bangkok
Dusit
Medical
Services
PCL
-
Foreign
-
Class
F
134,409
0.1
21,800 
Bumrungrad
Hospital
PCL
-
Foreign
147,491
0.1
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Thailand
(continued)
1,915,571 
CP
ALL
PCL
-
Foreign
$
2,819,916
1.2
404,200 
Land
&
Houses
PCL
-
Foreign
87,216
0.0
127,300 
Minor
International
PCL
109,450
0.0
43,900 
PTT
Exploration
&
Production
PCL
-
Foreign
Shares
185,272
0.1
332,500 
PTT
PCL
-
Foreign
315,635
0.1
16,100 
Siam
Cement
PCL
-
Foreign
122,549
0.0
104,300 
Thai
Oil
PCL
-
Foreign
160,464
0.1
4,274,824
1.8
Turkey
:
0.5%
595,165 
Akbank
TAS
774,732
0.3
12,272 
BIM
Birlesik
Magazalar
AS
153,890
0.1
3,919 
(1)
D-MARKET
Elektronik
Hizmetler
ve
Ticaret
AS,
ADR
6,153
0.0
48,742 
Turkcell
Iletisim
Hizmetleri
AS
110,109
0.0
43,887 
Turkiye
Petrol
Rafinerileri
AS
216,225
0.1
1,261,109
0.5
United
Arab
Emirates
:
0.4%
279,852 
Air
Arabia
PJSC
226,780
0.1
77,246 
Aldar
Properties
PJSC
107,258
0.1
85,808 
Emaar
Development
PJSC
162,377
0.1
138,136 
Emaar
Properties
PJSC
279,293
0.1
129,232 
(1)
Multiply
Group
PJSC
101,475
0.0
877,183
0.4
United
Kingdom
:
1.0%
5,681 
Anglogold
Ashanti
PLC
101,662
0.0
342,800 
(4)
Fix
Price
Group
PLC,
GDR
—
—
48,090 
Unilever
PLC,
ADR
2,341,502
1.0
2,443,164
1.0
United
States
:
1.3%
35,865 
Micron
Technology,
Inc.
3,075,424
1.3
Uruguay
:
0.9%
1,282 
(1)
MercadoLibre,
Inc.
2,194,540
0.9
Total
Common
Stock
(Cost
$254,709,941)
239,846,950
98.2
PREFERRED
STOCK
:
1.0%
Brazil
:
0.8%
34,461 
Bradespar
SA
158,449
0.0
88,638 
Cia
Energetica
de
Minas
Gerais
206,459
0.1
136,267 
Gerdau
SA
579,514
0.2
256,178 
Itausa
SA
519,140
0.2
96,328 
Metalurgica
Gerdau
SA
193,263
0.1
50,888 
Petroleo
Brasileiro
SA
418,555
0.2
2,075,380
0.8
Chile
:
0.1%
50,393 
Embotelladora
Andina
SA
128,394
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2024
(Unaudited)
(continued)
6
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
PREFERRED
STOCK:
(continued)
Russia
:
—%
378 
(4)
AK
Transneft
PJSC
OAO
$
—
—
863,754 
(4)
Surgutneftegas
PJSC
—
—
217 
(4)
Transneft
PJSC
—
—
—
—
South
Korea
:
0.1%
3,851 
Samsung
Electronics
Co.
Ltd.
168,504
0.1
Total
Preferred
Stock
(Cost
$4,102,931)
2,372,278
1.0
WARRANTS
:
0.0%
United
States
:
0.0%
38,283 
(1)
IRSA
Inversiones
y
Representaciones
SA
23,735
0.0
Total
Warrants
(Cost
$–)
23,735
0.0
Total
Long-Term
Investments
(Cost
$258,812,872)
242,242,963
99.2
Principal
Amount
†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
1.0%
Repurchase
Agreements
:
0.4%
919,827 
(5)
Deutsche
Bank
Securities
Inc.,
Repurchase
Agreement
dated
01/31/2024,
5.320%,
due
02/01/2024
(Repurchase
Amount
$919,961,
collateralized
by
various
U.S.
Government
Agency
Obligations,
2.000%-6.000%,
Market
Value
plus
accrued
interest
$938,224,
due
09/15/39-10/20/62)
919,827
0.4
Total
Repurchase
Agreements
(Cost
$919,827)
919,827
0.4
Shares
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
(continued)
Mutual
Funds
:
0.6%
1,167,227 
(6)
BlackRock
Liquidity
Funds,
FedFund,
Institutional
Class,
5.220%
$
1,167,227
0.5
393,000 
(6)
Morgan
Stanley
Institutional
Liquidity
Funds
-
Government
Portfolio
(Institutional
Share
Class),
5.210%
393,000
0.1
Total
Mutual
Funds
(Cost
$1,560,227)
1,560,227
0.6
Total
Short-Term
Investments
(Cost
$2,480,054)
2,480,054
1.0
Total
Investments
in
Securities
(Cost
$261,292,926)
$
244,723,017
100.2
Liabilities
in
Excess
of
Other
Assets
(467,888)
(0.2)
Net
Assets
$
244,255,129
100.0
ADR
American
Depositary
Receipt
GDR
Global
Depositary
Receipt
†
Unless
otherwise
indicated,
principal
amount
is
shown
in
USD.
(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)
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
January
31,
2024.
Sector
Diversification
Percentage
of
Net
Assets
Information
Technology
25.3
%
Consumer
Staples
17.1
Financials
12.1
Consumer
Discretionary
10.0
Energy
9.5
Communication
Services
9.3
Industrials
5.9
Materials
5.7
Health
Care
1.9
Utilities
1.6
Real
Estate
0.8
Warrants
0.0
Short-Term
Investments
1.0
Liabilities
in
Excess
of
Other
Assets
(0.2)
Net
Assets
100.0%
Portfolio
holdings
are
subject
to
change
daily.
PORTFOLIO
OF
INVESTMENTS
as
of
January
31,
2024
(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
January
31,
2024
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,
2024
Asset
Table
Investments,
at
fair
value
Common
Stock
Argentina
$
473,910
$
—
$
—
$
473,910
Brazil
19,407,219
—
—
19,407,219
Chile
1,513,532
—
—
1,513,532
China
4,550,647
35,764,466
—
40,315,113
Colombia
98,829
—
—
98,829
France
—
1,843,862
—
1,843,862
Germany
—
1,202,952
—
1,202,952
Greece
1,254,538
189,450
—
1,443,988
Hong
Kong
108,605
5,425,791
—
5,534,396
Hungary
850,629
—
—
850,629
India
6,756,749
32,913,942
—
39,670,691
Indonesia
300,158
4,528,296
—
4,828,454
Japan
—
3,130,839
—
3,130,839
Kuwait
150,963
100,827
—
251,790
Malaysia
576,444
857,588
—
1,434,032
Mexico
19,565,995
—
—
19,565,995
Netherlands
159,666
2,187,742
—
2,347,408
Peru
1,911,425
—
—
1,911,425
Philippines
112,389
299,691
—
412,080
Qatar
104,129
194,273
—
298,402
Romania
299,199
—
—
299,199
Russia
—
—
356,125
356,125
Saudi
Arabia
495,532
532,472
—
1,028,004
South
Africa
3,773,760
145,620
—
3,919,380
South
Korea
—
38,687,745
—
38,687,745
Taiwan
—
34,894,707
—
34,894,707
Thailand
—
4,274,824
—
4,274,824
Turkey
116,262
1,144,847
—
1,261,109
United
Arab
Emirates
107,258
769,925
—
877,183
United
Kingdom
2,341,502
101,662
—
2,443,164
United
States
3,075,424
—
—
3,075,424
Uruguay
2,194,540
—
—
2,194,540
Total
Common
Stock
70,299,304
169,191,521
356,125
239,846,950
Preferred
Stock
2,203,774
168,504
—
2,372,278
Warrants
23,735
—
—
23,735
Short-Term
Investments
1,560,227
919,827
—
2,480,054
Total
Investments,
at
fair
value
$
74,087,040
$
170,279,852
$
356,125
$
244,723,017
Other
Financial
Instruments+
Forward
Foreign
Currency
Contracts
—
194
—
194
Total
Assets
$
74,087,040
$
170,280,046
$
356,125
$
244,723,211
Liabilities
Table
Other
Financial
Instruments+
Futures
$
(16,173)
$
—
$
—
$
(16,173)
Total
Liabilities
$
(16,173)
$
—
$
—
$
(16,173)
#
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
January
31,
2024
(Unaudited)
(continued)
8
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
At
January
31,
2024,
the
following
forward
foreign
currency
contracts
were
outstanding
for
Voya
Multi-Manager
Emerging
Markets
Equity
Fund:
Currency
Purchased
Currency
Sold
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
USD
29,527
ZAR
549,327
The
Bank
of
New
York
Mellon
02/05/24
$
194
$
194
At
January
31,
2024,
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
24
03/15/24
$
1,176,960
$
(16,173)
$
1,176,960
$
(16,173)
Net
unrealized
depreciation
consisted
of:
Gross
Unrealized
Appreciation
$
30,543,161
Gross
Unrealized
Depreciation
(47,113,069)
Net
Unrealized
Depreciation
$
(16,569,908)