NPORT-EX 2 472158VOYA073124.htm
PORTFOLIO
OF
INVESTMENTS
as
of
July
31,
2024
(unaudited)
1
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK
:
98.8%
Argentina
:
0.2%
17,542 
Cresud
SACIF
y
A,
ADR
$
134,723
0.1
23,215 
IRSA
Inversiones
y
Representaciones
SA,
ADR
223,328
0.1
358,051
0.2
Brazil
:
6.6%
32,636 
Ambev
SA
66,643
0.0
60,778 
B3
SA
-
Brasil
Bolsa
Balcao
116,266
0.1
306,947 
Banco
Bradesco
SA,
ADR
681,422
0.3
62,709 
Banco
Santander
Brasil
SA,
ADR
317,935
0.1
30,163 
BB
Seguridade
Participacoes
SA
187,021
0.1
140,074 
(1)
BRF
SA,
ADR
526,678
0.2
5,327 
Cia
de
Saneamento
Basico
do
Estado
de
Sao
Paulo
SABESP
82,926
0.0
15,061 
Energisa
S/A
116,975
0.1
208,762 
Itau
Unibanco
Holding
SA,
ADR
1,256,747
0.6
43,230 
(1)
JBS
S/A
257,722
0.1
40,091 
Klabin
SA
155,795
0.1
15,750 
Petroleo
Brasileiro
SA
112,553
0.0
122,836 
Petroleo
Brasileiro
SA
-
Foreign,
ADR
1,752,870
0.8
423,176 
Raia
Drogasil
SA
2,077,667
0.9
28,539 
Rumo
SA
111,408
0.0
53,289 
(1)(2)
Sitios
Latinoamerica
SAB
de
CV
11,012
0.0
8,167 
Suzano
SA
77,322
0.0
15,541 
Telefonica
Brasil
SA
133,123
0.1
76,113 
Telefonica
Brasil
SA,
ADR
653,811
0.3
222,498 
TIM
SA/Brazil
683,290
0.3
307,924 
Totvs
SA
1,515,081
0.7
106,725 
Vale
SA,
ADR
1,157,966
0.5
17,827 
Vale
SA
-
Foreign
193,583
0.1
79,820 
Vibra
Energia
SA
327,118
0.1
147,195 
XP,
Inc.
-
Class
A
2,518,506
1.1
15,091,440
6.6
Chile
:
0.5%
67,849 
Cencosud
SA
125,415
0.0
27,865 
Empresas
Copec
SA
194,075
0.1
2,644,222 
Enel
Chile
SA
151,038
0.1
15,860 
(2)
Sociedad
Quimica
y
Minera
de
Chile
SA,
ADR
603,632
0.3
1,074,160
0.5
China
:
11.8%
344,500 
Alibaba
Group
Holding
Ltd.
3,389,957
1.5
8,568 
(1)(2)
Baidu,
Inc.,
ADR
758,868
0.3
3,107 
(1)
BeiGene
Ltd.,
ADR
517,564
0.2
4,000 
BYD
Co.
Ltd.
-
Class
H
118,419
0.1
1,029,000 
(3)
CGN
Power
Co.
Ltd.
-
Class
H
420,212
0.2
142,000 
China
Construction
Bank
Corp.
-
Class
H
99,157
0.0
625,342 
China
Mengniu
Dairy
Co.
Ltd.
1,046,381
0.5
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
China
(continued)
911,650 
China
Petroleum
&
Chemical
Corp.
-
Class
H
$
584,262
0.3
27,000 
China
Shenhua
Energy
Co.
Ltd.
-
Class
H
112,269
0.1
90,000 
COSCO
SHIPPING
Holdings
Co.
Ltd.
-
Class
H
128,530
0.1
154,800 
CSPC
Pharmaceutical
Group
Ltd.
115,147
0.1
18,333 
(1)
DiDi
Global,
Inc.,
ADR
67,282
0.0
419,052 
H
World
Group
Ltd.
1,260,316
0.6
60,400 
Haier
Smart
Home
Co.
Ltd.
-
Class
H
197,473
0.1
153,000 
Hengan
International
Group
Co.
Ltd.
477,950
0.2
170,900 
Inner
Mongolia
Yitai
Coal
Co.
Ltd.
-
Class
B
309,842
0.1
79,000 
(1)(3)
Innovent
Biologics,
Inc.
391,076
0.2
29,110 
(1)
iQIYI,
Inc.,
ADR
96,936
0.0
70,211 
JD.com,
Inc.
-
Class
A
925,774
0.4
3,900 
Kweichow
Moutai
Co.
Ltd.
-
Class
A
766,731
0.3
26,480 
(1)(3)
Meituan
-
Class
B
366,660
0.2
7,000 
NetEase,
Inc.
129,105
0.1
343,000 
People's
Insurance
Co.
Group
of
China
Ltd.
-
Class
H
115,407
0.1
1,610,000 
PetroChina
Co.
Ltd.
-
Class
H
1,398,083
0.6
150,000 
PICC
Property
&
Casualty
Co.
Ltd.
-
Class
H
196,698
0.1
103,852 
Shenzhen
International
Holdings
Ltd.
83,211
0.0
20,457 
Shenzhen
Mindray
Bio-
Medical
Electronics
Co.
Ltd.
-
Class
A
728,453
0.3
308,000 
Shougang
Fushan
Resources
Group
Ltd.
108,294
0.0
16,337 
(1)
Sohu.com
Ltd.,
ADR
246,362
0.1
112,754 
Tencent
Holdings
Ltd.
5,203,197
2.3
450,000 
Tingyi
Cayman
Islands
Holding
Corp.
548,683
0.2
22,860 
(1)
Trip.com
Group
Ltd.,
ADR
972,236
0.4
86,000 
Tsingtao
Brewery
Co.
Ltd.
-
Class
H
549,420
0.2
955,600 
Uni-President
China
Holdings
Ltd.
787,685
0.3
21,957 
(2)
Weibo
Corp.,
ADR
169,508
0.1
10,440 
Weibo
Corp.
-
Class
A
81,493
0.0
38,700 
Wuliangye
Yibin
Co.
Ltd.
-
Class
A
679,929
0.3
317,000 
Yangzijiang
Shipbuilding
Holdings
Ltd.
639,155
0.3
49,400 
Yankuang
Energy
Group
Co.
Ltd.
-
Class
H
64,482
0.0
68,730 
Yum
China
Holdings,
Inc.
2,074,892
0.9
26,927,099
11.8
France
:
0.8%
4,421 
L'Oreal
SA
1,911,854
0.8
PORTFOLIO
OF
INVESTMENTS
as
of
July
31,
2024
(unaudited)
(continued)
2
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Germany
:
0.6%
5,339 
adidas
AG
$
1,337,941
0.6
Greece
:
0.6%
7,410 
GEK
Terna
Holding
Real
Estate
Construction
SA
143,573
0.1
10,868 
Hellenic
Telecommunications
Organization
SA
178,559
0.1
12,804 
Helleniq
Energy
Holdings
SA
102,554
0.0
4,580 
Jumbo
SA
122,728
0.1
4,064 
Motor
Oil
Hellas
Corinth
Refineries
SA
103,591
0.0
11,203 
Mytilineos
SA
442,737
0.2
11,023 
OPAP
SA
192,187
0.1
1,285,929
0.6
Hong
Kong
:
2.1%
351,869 
(3)
AIA
Group
Ltd.
2,353,603
1.0
40,000 
Beijing
Enterprises
Holdings
Ltd.
132,722
0.1
1,271,144 
(3)
Budweiser
Brewing
Co.
APAC
Ltd.
1,543,484
0.7
706,000 
Kunlun
Energy
Co.
Ltd.
684,391
0.3
4,714,200
2.1
Hungary
:
0.3%
54,309 
Magyar
Telekom
Telecommunications
PLC
162,655
0.1
26,778 
MOL
Hungarian
Oil
&
Gas
PLC
208,721
0.1
12,141 
Richter
Gedeon
Nyrt
346,121
0.1
717,497
0.3
India
:
19.7%
1,920 
AIA
Engineering
Ltd.
106,070
0.0
2,337 
Alkem
Laboratories
Ltd.
148,290
0.1
15,149 
Ambuja
Cements
Ltd.
123,227
0.0
43,852 
Asian
Paints
Ltd.
1,618,482
0.7
1,404 
Bajaj
Auto
Ltd.
162,212
0.1
25,404 
Bajaj
Finance
Ltd.
2,070,092
0.9
63,628 
Bharat
Electronics
Ltd.
240,761
0.1
116,295 
Bharat
Petroleum
Corp.
Ltd.
487,797
0.2
7,129 
Bharti
Airtel
Ltd.
127,352
0.1
281 
Bosch
Ltd.
117,523
0.0
1,746 
(1)
Britannia
Industries
Ltd.
120,731
0.0
36,721 
Castrol
India
Ltd.
115,235
0.0
12,612 
Cipla
Ltd./India
233,044
0.1
63,850 
Coal
India
Ltd.
399,375
0.2
2,166 
Coforge
Ltd.
163,715
0.1
6,140 
Colgate-Palmolive
India
Ltd.
250,575
0.1
9,611 
Container
Corp.
Of
India
Ltd.
119,796
0.0
11,754 
Coromandel
International
Ltd.
233,621
0.1
4,280 
Cummins
India
Ltd.
197,340
0.1
2,077 
Divi's
Laboratories
Ltd.
122,266
0.0
4,232 
Dr
Reddy's
Laboratories
Ltd.
341,732
0.1
3,562 
Eicher
Motors
Ltd.
211,526
0.1
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
India
(continued)
38,399 
Exide
Industries
Ltd.
$
240,441
0.1
103,093 
GAIL
India
Ltd.
297,346
0.1
3,502 
Grasim
Industries
Ltd.
116,315
0.0
5,144 
Havells
India
Ltd.
113,767
0.0
56,059 
HCL
Technologies
Ltd.
1,103,069
0.5
3,656 
(3)
HDFC
Asset
Management
Co.
Ltd.
179,912
0.1
48,000 
HDFC
Bank
Ltd.
927,565
0.4
78,501 
HDFC
Bank
Ltd.,
ADR
4,710,845
2.1
6,094 
Hero
MotoCorp
Ltd.
400,362
0.2
46,972 
Hindalco
Industries
Ltd.
376,787
0.2
2,682 
Hindustan
Aeronautics
Ltd.
158,056
0.1
41,333 
Hindustan
Petroleum
Corp.
Ltd.
194,312
0.1
13,818 
Indian
Hotels
Co.
Ltd.
106,187
0.0
179,478 
Indian
Oil
Corp.
Ltd.
391,112
0.2
24,497 
Indraprastha
Gas
Ltd.
160,636
0.1
1,634 
Info
Edge
India
Ltd.
137,409
0.1
63,407 
Infosys
Ltd.
1,406,038
0.6
216,931 
Infosys
Ltd.
-
Foreign,
ADR
4,800,683
2.1
3,112 
(1)(3)
InterGlobe
Aviation
Ltd.
166,418
0.1
12,405 
JSW
Steel
Ltd.
137,876
0.1
3,605 
Larsen
&
Toubro
Ltd.
164,631
0.1
1,440 
(3)
LTIMindtree
Ltd.
97,562
0.0
6,119 
Mahindra
&
Mahindra
Ltd.
213,005
0.1
1,439 
Maruti
Suzuki
India
Ltd.
225,784
0.1
14,304 
Max
Healthcare
Institute
Ltd.
157,960
0.1
3,866 
Mphasis
Ltd.
134,008
0.1
135 
MRF
Ltd.
229,566
0.1
4,582 
Nestle
India
Ltd.
134,647
0.1
55,245 
NMDC
Ltd.
159,956
0.1
59,452 
NTPC
Ltd.
296,055
0.1
89,376 
Oil
&
Natural
Gas
Corp.
Ltd.
357,055
0.2
29,362 
Oil
India
Ltd.
202,814
0.1
3,126 
Persistent
Systems
Ltd.
180,879
0.1
82,064 
Petronet
LNG
Ltd.
361,894
0.2
3,340 
Phoenix
Mills
Ltd.
143,737
0.1
2,767 
PI
Industries
Ltd.
146,639
0.1
72,767 
Power
Grid
Corp.
of
India
Ltd.
303,088
0.1
276,175 
Reliance
Industries
Ltd.
9,956,779
4.4
158,398 
(1)
Reliance
Strategic
Investments
Ltd.
623,739
0.3
1,544 
Siemens
Ltd.
131,838
0.1
7,679 
Sun
Pharmaceutical
Industries
Ltd.
157,941
0.1
2,360 
Supreme
Industries
Ltd.
151,241
0.1
65,215 
Tata
Consultancy
Services
Ltd.
3,424,485
1.5
81,640 
Tata
Consumer
Products
Ltd.
1,161,639
0.5
21,892 
Tata
Power
Co.
Ltd.
118,885
0.0
147,274 
Tata
Steel
Ltd.
291,586
0.1
18,589 
Tech
Mahindra
Ltd.
346,262
0.1
2,520 
Titan
Co.
Ltd.
104,357
0.0
12,313 
Torrent
Power
Ltd.
274,933
0.1
1,849 
Trent
Ltd.
129,224
0.1
1,308 
UltraTech
Cement
Ltd.
185,975
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
July
31,
2024
(unaudited)
(continued)
3
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
India
(continued)
54,074 
Vedanta
Ltd.
$
291,701
0.1
18,687 
Wipro
Ltd.
116,615
0.0
7,957 
Zydus
Lifesciences
Ltd.
118,677
0.0
44,931,055
19.7
Indonesia
:
1.9%
2,291,200 
Astra
International
Tbk
PT
666,035
0.3
4,600,438 
Bank
Central
Asia
Tbk
PT
2,907,103
1.3
249,500 
Bank
Mandiri
Persero
Tbk
PT
98,400
0.0
220,500 
Bank
Rakyat
Indonesia
Persero
Tbk
PT
63,447
0.0
904,200 
Telkom
Indonesia
Persero
Tbk
PT
160,590
0.1
1,918,900 
Unilever
Indonesia
Tbk
PT
288,144
0.1
95,300 
United
Tractors
Tbk
PT
151,214
0.1
4,334,933
1.9
Japan
:
1.4%
11,832 
Fast
Retailing
Co.
Ltd.
3,261,478
1.4
Kuwait
:
0.0%
74,037 
Mobile
Telecommunications
Co.
KSCP
110,520
0.0
Malaysia
:
0.9%
104,400 
CelcomDIGI
Bhd
86,408
0.0
99,700 
CIMB
Group
Holdings
Bhd
161,208
0.1
103,700 
Gamuda
Bhd
177,338
0.1
84,500 
Genting
Bhd
87,074
0.0
80,100 
MISC
Bhd
153,244
0.1
41,800 
Petronas
Gas
Bhd
165,688
0.1
177,400 
Sime
Darby
Bhd
100,478
0.0
84,200 
Telekom
Malaysia
Bhd
127,871
0.1
224,800 
Tenaga
Nasional
Bhd
688,907
0.3
153,987 
UEM
Sunrise
Bhd
37,976
0.0
190,000 
YTL
Corp.
Bhd
141,314
0.1
108,000 
YTL
Power
International
Bhd
109,813
0.0
2,037,319
0.9
Mexico
:
5.7%
166,782 
Alfa
SAB
de
CV
-
Class
A
95,427
0.0
27,114 
Alsea
SAB
de
CV
81,527
0.0
51,532 
America
Movil
SAB
de
CV
-
Foreign,
ADR
861,615
0.4
11,942 
Arca
Continental
SAB
de
CV
117,664
0.1
363,308 
Cemex
SAB
de
CV
233,222
0.1
93,025 
Cemex
SAB
de
CV
-
Foreign,
ADR
597,221
0.3
33,550 
Coca-Cola
Femsa
SAB
de
CV
303,140
0.1
7,522 
Coca-Cola
Femsa
SAB
de
CV
-
Foreign,
ADR
680,215
0.3
46,632 
Corp
Inmobiliaria
Vesta
SAB
de
CV
136,635
0.1
14,886 
El
Puerto
de
Liverpool
SAB
de
CV
-
Class
C1
105,443
0.0
85,313 
Fibra
Uno
Administracion
SA
de
CV
108,524
0.1
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Mexico
(continued)
25,788 
Fomento
Economico
Mexicano
SAB
de
CV
$
284,483
0.1
33,670 
Fomento
Economico
Mexicano
SAB
de
CV
-
Foreign,
ADR
3,712,118
1.6
14,150 
GCC
SAB
de
CV
120,819
0.1
9,949 
Gruma
SAB
de
CV
-
Class
B
186,693
0.1
12,080 
Grupo
Aeroportuario
del
Centro
Norte
SAB
de
CV
103,786
0.0
10,359 
Grupo
Aeroportuario
del
Pacifico
SAB
de
CV
-
Class
B
165,902
0.1
5,211 
Grupo
Aeroportuario
del
Sureste
SAB
de
CV
-
Class
B
156,503
0.1
20,751 
Grupo
Bimbo
SAB
de
CV
73,053
0.0
28,127 
Grupo
Comercial
Chedraui
SA
de
CV
209,424
0.1
120,153 
Grupo
Financiero
Banorte
SAB
de
CV
-
Class
O
902,292
0.4
34,270 
(1)
Grupo
Financiero
Inbursa
SAB
de
CV
-
Class
O
84,043
0.0
24,510 
Grupo
Mexico
SAB
de
CV
137,843
0.1
135,417 
Grupo
Televisa
SAB,
ADR
295,209
0.1
47,547 
(1)(2)
Ollamani
SAB
106,037
0.1
67,756 
Orbia
Advance
Corp.
SAB
de
CV
87,463
0.0
48,434 
Prologis
Property
Mexico
SA
de
CV
161,802
0.1
11,272 
Promotora
y
Operadora
de
Infraestructura
SAB
de
CV
105,272
0.0
842,962 
Wal-Mart
de
Mexico
SAB
de
CV
2,805,198
1.2
13,018,573
5.7
Netherlands
:
1.0%
23,585 
Heineken
NV
2,092,953
0.9
15,173 
NEPI
Rockcastle
NV
114,736
0.1
2,207,689
1.0
Peru
:
0.5%
25,445 
Cia
de
Minas
Buenaventura
SAA,
ADR
394,397
0.2
4,670 
Credicorp
Ltd.
796,889
0.3
1,191,286
0.5
Philippines
:
0.2%
448,500 
DMCI
Holdings,
Inc.
87,279
0.0
30,370 
International
Container
Terminal
Services,
Inc.
185,210
0.1
14,920 
Manila
Electric
Co.
99,679
0.1
372,168
0.2
Qatar
:
0.2%
33,127 
Ooredoo
QPSC
95,078
0.0
25,205 
Qatar
Fuel
QSC
102,038
0.1
16,528 
Qatar
Islamic
Bank
SAQ
89,363
0.0
74,018 
Qatar
Navigation
QSC
240,899
0.1
527,378
0.2
Romania
:
0.1%
1,265,109 
OMV
Petrom
SA
217,341
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
July
31,
2024
(unaudited)
(continued)
4
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Russia
:
—%
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 
(4)
Magnitogorsk
Iron
&
Steel
Works
PJSC
—
—
117,900 
(4)
MMC
Norilsk
Nickel
PJSC
—
—
91,474 
(4)
Mobile
TeleSystems
PJSC
—
—
83,570 
(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 
(4)
Severstal
PAO
—
—
34,543 
(4)
Tatneft
PJSC
—
—
—
—
Saudi
Arabia
:
0.9%
33,101 
Abdullah
Al
Othaim
Markets
Co.
103,284
0.0
2,502 
Astra
Industrial
Group
106,520
0.0
2,352 
Bupa
Arabia
for
Cooperative
Insurance
Co.
144,434
0.1
9,783 
Etihad
Etisalat
Co.
135,889
0.1
35,550 
Jarir
Marketing
Co.
123,068
0.1
4,258 
SABIC
Agri-Nutrients
Co.
133,610
0.1
15,140 
Sahara
International
Petrochemical
Co.
115,210
0.0
2,805 
Saudi
Airlines
Catering
Co.
86,747
0.0
88,783 
(3)
Saudi
Arabian
Oil
Co.
653,161
0.3
3,878 
Saudi
Aramco
Base
Oil
Co.
134,474
0.1
11,710 
Saudi
Telecom
Co.
120,284
0.1
938 
Saudia
Dairy
&
Foodstuff
Co.
85,864
0.0
1,942,545
0.9
South
Africa
:
1.6%
8,333 
Bid
Corp.
Ltd.
207,409
0.1
10,350 
Bidvest
Group
Ltd.
155,552
0.1
11,471 
Clicks
Group
Ltd.
222,964
0.1
23,648 
Exxaro
Resources
Ltd.
253,367
0.1
21,270 
MTN
Group
Ltd.
92,294
0.0
45,512 
OUTsurance
Group
Ltd.
120,699
0.1
431,197 
Sanlam
Ltd.
1,930,768
0.8
16,542 
Shoprite
Holdings
Ltd.
277,206
0.1
12,636 
Tiger
Brands
Ltd.
154,608
0.1
59,543 
Woolworths
Holdings
Ltd./
South
Africa
196,815
0.1
3,611,682
1.6
South
Korea
:
17.7%
6,317 
Cheil
Worldwide,
Inc.
81,793
0.0
1,388 
DB
Insurance
Co.
Ltd.
112,146
0.0
2,720 
Doosan
Bobcat,
Inc.
82,319
0.0
6,803 
GS
Holdings
Corp.
243,542
0.1
3,881 
Hana
Financial
Group,
Inc.
183,874
0.1
3,191 
Hankook
Tire
&
Technology
Co.
Ltd.
104,204
0.0
2,055 
HD
Hyundai
Co.
Ltd.
125,933
0.1
3,035 
Hyundai
Glovis
Co.
Ltd.
270,139
0.1
2,329 
Hyundai
Mobis
Co.
Ltd.
376,810
0.2
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
South
Korea
(continued)
1,180 
Hyundai
Motor
Co.
$
215,055
0.1
3,907 
Hyundai
Steel
Co.
79,056
0.0
38,775 
Kakao
Corp.
1,114,280
0.5
3,823 
KB
Financial
Group,
Inc.
247,142
0.1
4,777 
Kia
Corp.
391,985
0.2
3,532 
Korea
Aerospace
Industries
Ltd.
146,795
0.1
10,422 
Korean
Air
Lines
Co.
Ltd.
161,973
0.1
2,825 
KT&G
Corp.
192,586
0.1
1,326 
LG
Corp.
84,562
0.0
1,920 
LG
Electronics,
Inc.
146,209
0.1
83,246 
LG
Uplus
Corp.
608,867
0.3
1,926 
Lotte
Corp.
34,748
0.0
412 
Lotte
Wellfood
Co.
Ltd.
53,989
0.0
22,058 
NAVER
Corp.
2,813,333
1.2
849 
POSCO
Holdings,
Inc.
219,552
0.1
6,942 
Samsung
C&T
Corp.
790,707
0.3
803 
Samsung
Electro-
Mechanics
Co.
Ltd.
93,873
0.0
140,905 
Samsung
Electronics
Co.
Ltd.
8,688,523
3.8
5,837 
(1)
Samsung
Engineering
Co.
Ltd.
121,922
0.1
617 
Samsung
Fire
&
Marine
Insurance
Co.
Ltd.
167,780
0.1
14,672 
Samsung
Life
Insurance
Co.
Ltd.
1,035,485
0.5
1,770 
Samsung
SDS
Co.
Ltd.
191,533
0.1
19,755 
Shinhan
Financial
Group
Co.
Ltd.
868,844
0.4
64,182 
SK
Hynix,
Inc.
9,205,209
4.0
128,395 
(1)
SK
Square
Co.
Ltd.
8,144,004
3.6
61,644 
SK
Telecom
Co.
Ltd.
2,439,190
1.1
1,019 
SK,
Inc.
111,763
0.0
2,720 
S-Oil
Corp.
134,183
0.1
13,977 
Woori
Financial
Group,
Inc.
160,878
0.1
40,244,786
17.7
Taiwan
:
17.3%
11,000 
Accton
Technology
Corp.
172,428
0.1
161,000 
Acer,
Inc.
217,312
0.1
13,471 
Advantech
Co.
Ltd.
143,285
0.1
86,000 
ASE
Technology
Holding
Co.
Ltd.
401,371
0.2
86,000 
Asia
Cement
Corp.
108,648
0.0
15,000 
Asustek
Computer,
Inc.
210,355
0.1
14,000 
Catcher
Technology
Co.
Ltd.
91,193
0.0
73,000 
Cheng
Shin
Rubber
Industry
Co.
Ltd.
107,562
0.0
71,000 
Chicony
Electronics
Co.
Ltd.
338,347
0.2
225,000 
China
Development
Financial
Holding
Corp.
111,047
0.1
130,000 
China
Steel
Corp.
92,010
0.0
51,000 
Chunghwa
Telecom
Co.
Ltd.
188,980
0.1
541,000 
Compal
Electronics,
Inc.
524,184
0.2
PORTFOLIO
OF
INVESTMENTS
as
of
July
31,
2024
(unaudited)
(continued)
5
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Taiwan
(continued)
161,000 
CTBC
Financial
Holding
Co.
Ltd.
$
174,752
0.1
28,000 
Delta
Electronics,
Inc.
359,627
0.2
10,000 
Eclat
Textile
Co.
Ltd.
162,414
0.1
7,000 
Elite
Material
Co.
Ltd.
95,119
0.0
136,000 
Eva
Airways
Corp.
143,333
0.1
21,000 
Evergreen
Marine
Corp.
Taiwan
Ltd.
109,073
0.1
135,000 
Far
Eastern
New
Century
Corp.
140,438
0.1
34,000 
Far
EasTone
Telecommunications
Co.
Ltd.
89,567
0.0
22,000 
Feng
TAY
Enterprise
Co.
Ltd.
94,230
0.0
753,000 
(1)(3)
FIT
Hon
Teng
Ltd.
260,194
0.1
67,000 
Formosa
Chemicals
&
Fibre
Corp.
102,012
0.0
75,000 
Formosa
Plastics
Corp.
132,437
0.1
78,000 
Foxconn
Technology
Co.
Ltd.
156,913
0.1
9,000 
Gigabyte
Technology
Co.
Ltd.
72,785
0.0
120,000 
Hon
Hai
Precision
Industry
Co.
Ltd.
736,190
0.3
207,000 
Inventec
Corp.
306,104
0.1
2,700 
Largan
Precision
Co.
Ltd.
234,253
0.1
122,000 
Lite-On
Technology
Corp.
373,114
0.2
157,300 
MediaTek,
Inc.
5,990,792
2.6
49,000 
Micro-Star
International
Co.
Ltd.
255,657
0.1
81,000 
Nan
Ya
Plastics
Corp.
123,944
0.1
20,000 
Novatek
Microelectronics
Corp.
322,551
0.1
158,000 
Pegatron
Corp.
488,082
0.2
263,000 
Pou
Chen
Corp.
290,306
0.1
69,000 
Powertech
Technology,
Inc.
346,961
0.2
28,000 
Quanta
Computer,
Inc.
238,553
0.1
13,000 
Realtek
Semiconductor
Corp.
205,075
0.1
38,000 
Sino-American
Silicon
Products,
Inc.
223,865
0.1
177,000 
SinoPac
Financial
Holdings
Co.
Ltd.
144,079
0.1
49,000 
Synnex
Technology
International
Corp.
106,444
0.0
52,000 
Taiwan
Fertilizer
Co.
Ltd.
102,330
0.0
778,418 
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.
22,707,477
10.0
70,000 
Teco
Electric
and
Machinery
Co.
Ltd.
104,095
0.0
77,000 
Uni-President
Enterprises
Corp.
197,883
0.1
143,000 
United
Microelectronics
Corp.
227,812
0.1
189,000 
Wistron
Corp.
568,672
0.3
33,000 
WPG
Holdings
Ltd.
86,960
0.0
102,000 
Yuanta
Financial
Holding
Co.
Ltd.
102,334
0.0
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Taiwan
(continued)
54,000 
Zhen
Ding
Technology
Holding
Ltd.
$
227,742
0.1
39,510,891
17.3
Thailand
:
1.9%
16,200 
Advanced
Info
Service
PCL
106,474
0.1
165,700 
Bangkok
Dusit
Medical
Services
PCL
-
Class
F
122,150
0.1
17,600 
Bumrungrad
Hospital
PCL
121,518
0.1
1,999,066 
CP
ALL
PCL
-
Foreign
3,270,787
1.4
44,300 
PTT
Exploration
&
Production
PCL
182,147
0.1
209,900 
PTT
Oil
&
Retail
Business
PCL
93,161
0.0
293,700 
PTT
PCL
-
Foreign
263,604
0.1
12,600 
Siam
Cement
PCL
-
Foreign
78,211
0.0
4,238,052
1.9
Turkey
:
0.8%
482,665 
Akbank
TAS
902,144
0.4
10,871 
BIM
Birlesik
Magazalar
AS
205,322
0.1
3,442 
(1)
D-MARKET
Elektronik
Hizmetler
ve
Ticaret
AS,
ADR
10,670
0.0
27,210 
KOC
Holding
AS
176,729
0.1
12,230 
(1)
Turk
Hava
Yollari
AO
106,817
0.0
63,089 
Turkcell
Iletisim
Hizmetleri
AS
201,167
0.1
49,453 
Turkiye
Petrol
Rafinerileri
AS
243,847
0.1
1,846,696
0.8
United
Arab
Emirates
:
0.4%
290,393 
Air
Arabia
PJSC
208,051
0.1
56,338 
Aldar
Properties
PJSC
113,352
0.0
80,223 
Emaar
Development
PJSC
185,435
0.1
155,133 
Emaar
Properties
PJSC
364,502
0.2
871,340
0.4
United
Kingdom
:
1.2%
342,800 
(4)
Fix
Price
Group
PLC,
GDR
—
—
44,214 
Unilever
PLC,
ADR
2,714,740
1.2
2,714,740
1.2
United
States
:
0.6%
13,319 
Micron
Technology,
Inc.
1,462,692
0.6
Uruguay
:
1.3%
1,779 
(1)
MercadoLibre,
Inc.
2,968,973
1.3
Total
Common
Stock
(Cost
$217,171,995)
225,040,308
98.8
PREFERRED
STOCK
:
0.6%
Brazil
:
0.5%
24,254 
Bradespar
SA
79,587
0.0
125,510 
Cia
Energetica
de
Minas
Gerais
242,094
0.1
52,894 
Cia
Paranaense
de
Energia
93,890
0.0
41,036 
Gerdau
SA
132,550
0.1
269,163 
Itausa
SA
481,587
0.2
PORTFOLIO
OF
INVESTMENTS
as
of
July
31,
2024
(unaudited)
(continued)
6
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
PREFERRED
STOCK:
(continued)
Brazil
(continued)
28,983 
Petroleo
Brasileiro
SA
$
190,926
0.1
1,220,634
0.5
Chile
:
0.0%
2,474 
Sociedad
Quimica
y
Minera
de
Chile
SA
93,798
0.0
Russia
:
—%
378 
(4)
AK
Transneft
PJSC
OAO
—
—
863,754 
(4)
Surgutneftegas
PJSC
—
—
217 
(4)
Transneft
PJSC
—
—
—
—
South
Korea
:
0.1%
971 
LG
Chem
Ltd.
151,331
0.1
Total
Preferred
Stock
(Cost
$3,340,831)
1,465,763
0.6
RIGHT
:
0.0%
India
:
0.0%
3,140 
(1)
Tata
Consumer
Products
Ltd.
14,015
0.0
Total
Right
(Cost
$–)
14,015
0.0
WARRANTS
:
0.0%
United
States
:
0.0%
38,283 
(1)
IRSA
Inversiones
y
Representaciones
SA
27,564
0.0
Total
Warrants
(Cost
$–)
27,564
0.0
Total
Long-Term
Investments
(Cost
$220,512,826)
226,547,650
99.4
Principal
Amount
†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
1.4%
Repurchase
Agreements
:
0.7%
1,000,000 
(5)
Marex
Capital
Markets
Inc.,
Repurchase
Agreement
dated
07/31/2024,
5.450%,
due
08/01/2024
(Repurchase
Amount
$1,000,149,
collateralized
by
various
U.S.
Government
Agency
Obligations,
2.000%-6.500%,
Market
Value
plus
accrued
interest
$1,020,000,
due
10/01/40-03/01/54)
1,000,000
0.5
Principal
Amount†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS:
(continued)
Repurchase
Agreements
(continued)
526,579 
(5)
National
Bank
Financial,
Inc.,
Repurchase
Agreement
dated
07/31/2024,
5.390%,
due
08/01/2024
(Repurchase
Amount
$526,657,
collateralized
by
various
U.S.
Government
Securities,
0.000%-
4.875%,
Market
Value
plus
accrued
interest
$537,111,
due
08/01/24-09/09/49)
$
526,579
0.2
Total
Repurchase
Agreements
(Cost
$1,526,579)
1,526,579
0.7
Shares
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
(continued)
Mutual
Funds
:
0.7%
1,230,037 
(6)
BlackRock
Liquidity
Funds,
FedFund,
Institutional
Class,
5.210%
1,230,037
0.5
387,000 
(6)
Morgan
Stanley
Institutional
Liquidity
Funds
-
Government
Portfolio
(Institutional
Share
Class),
5.210%
387,000
0.2
Total
Mutual
Funds
(Cost
$1,617,037)
1,617,037
0.7
Total
Short-Term
Investments
(Cost
$3,143,616)
3,143,616
1.4
Total
Investments
in
Securities
(Cost
$223,656,442)
$
229,691,266
100.8
Liabilities
in
Excess
of
Other
Assets
(1,893,508)
(0.8)
Net
Assets
$
227,797,758
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
July
31,
2024.
PORTFOLIO
OF
INVESTMENTS
as
of
July
31,
2024
(unaudited)
(continued)
7
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
Sector
Diversification
Percentage
of
Net
Assets
Information
Technology
30.6
%
Consumer
Staples
13.9
Financials
12.4
Consumer
Discretionary
9.8
Energy
8.7
Communication
Services
8.1
Industrials
7.4
Materials
4.2
Utilities
2.0
Health
Care
1.6
Real
Estate
0.7
Warrants
0.0
Right
0.0
Short-Term
Investments
1.4
Liabilities
in
Excess
of
Other
Assets
(0.8)
Net
Assets
100.0%
Portfolio
holdings
are
subject
to
change
daily.
PORTFOLIO
OF
INVESTMENTS
as
of
July
31,
2024
(unaudited)
(continued)
8
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,
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
July
31,
2024
Asset
Table
Investments,
at
fair
value
Common
Stock
Argentina
$
358,051
$
—
$
—
$
358,051
Brazil
15,091,440
—
—
15,091,440
Chile
1,074,160
—
—
1,074,160
China
4,009,494
22,917,605
—
26,927,099
France
—
1,911,854
—
1,911,854
Germany
—
1,337,941
—
1,337,941
Greece
314,915
971,014
—
1,285,929
Hong
Kong
—
4,714,200
—
4,714,200
Hungary
554,842
162,655
—
717,497
India
9,511,528
35,419,527
—
44,931,055
Indonesia
3,058,317
1,276,616
—
4,334,933
Japan
—
3,261,478
—
3,261,478
Kuwait
—
110,520
—
110,520
Malaysia
842,151
1,195,168
—
2,037,319
Mexico
13,018,573
—
—
13,018,573
Netherlands
114,736
2,092,953
—
2,207,689
Peru
1,191,286
—
—
1,191,286
Philippines
372,168
—
—
372,168
Qatar
438,015
89,363
—
527,378
Romania
—
217,341
—
217,341
Russia
—
—
—
—
Saudi
Arabia
144,434
1,798,111
—
1,942,545
South
Africa
2,833,263
778,419
—
3,611,682
South
Korea
—
40,244,786
—
40,244,786
Taiwan
—
39,510,891
—
39,510,891
Thailand
—
4,238,052
—
4,238,052
Turkey
1,846,696
—
—
1,846,696
United
Arab
Emirates
663,289
208,051
—
871,340
United
Kingdom
2,714,740
—
—
2,714,740
United
States
1,462,692
—
—
1,462,692
Uruguay
2,968,973
—
—
2,968,973
Total
Common
Stock
62,583,763
162,456,545
—
225,040,308
Preferred
Stock
1,314,432
151,331
—
1,465,763
Right
—
14,015
—
14,015
Warrants
27,564
—
—
27,564
Short-Term
Investments
1,617,037
1,526,579
—
3,143,616
Total
Investments,
at
fair
value
$
65,542,796
$
164,148,470
$
—
$
229,691,266
Liabilities
Table
Other
Financial
Instruments+
Futures
$
(21,198)
$
—
$
—
$
(21,198)
Total
Liabilities
$
(21,198)
$
—
$
—
$
(21,198)
#
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,
2024
(unaudited)
(continued)
9
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
At
July
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
20
09/20/24
$
1,096,500
$
(21,198)
$
1,096,500
$
(21,198)
Net
unrealized
appreciation
consisted
of:
Gross
Unrealized
Appreciation
$
44,865,460
Gross
Unrealized
Depreciation
(38,830,636)
Net
Unrealized
Appreciation
$
6,034,824