Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public)

PORTFOLIO

OF

INVESTMENTS

as

of

May

31,

2024

(Unaudited)

1

Voya

Infrastructure,

Industrials

and

Materials

Fund

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK

:

97.2%

Australia

:

3.2%

313,758 

Aurizon

Holdings

Ltd.

$

771,011

0.4

36,256 

BHP

Group

Ltd.

-

Class

DI

1,079,062

0.6

41,867 

BlueScope

Steel

Ltd.

590,822

0.3

15,432 

Fortescue

Metals

Group

Ltd.

255,016

0.2

15,358 

Rio

Tinto

Ltd.

1,321,009

0.8

7,169 

Seven

Group

Holdings

Ltd.

187,909

0.1

140,740 

South32

Ltd.

-

Class

DI

372,897

0.2

442,978 

Telstra

Group

Ltd.

1,025,959

0.6

5,603,685

3.2

Austria

:

0.3%

24,524 

Mondi

PLC

QX

487,805

0.3

Belgium

:

0.2%

10,031 

(1)

Liberty

Global

Ltd.

-

Class

C

171,229

0.1

1,691 

Syensqo

SA

169,240

0.1

340,469

0.2

Brazil

:

0.7%

27,187 

Telefonica

Brasil

SA

227,348

0.1

143,637 

TIM

SA/Brazil

435,214

0.2

52,573 

Vale

SA

-

Foreign

631,869

0.4

1,294,431

0.7

Canada

:

5.1%

7,940 

Agnico

Eagle

Mines

Ltd.

541,489

0.3

23,553 

AltaGas

Ltd.

531,388

0.3

23,223 

Barrick

Gold

Corp.

396,151

0.2

6,239 

Canadian

National

Railway

Co.

794,208

0.5

6,795 

Canadian

Pacific

Kansas

City

Ltd.

540,878

0.3

29,275 

Canadian

Utilities

Ltd.

-

Class

A

667,572

0.4

20,255 

Enbridge,

Inc.

740,531

0.4

1,583 

Franco-Nevada

Corp.

194,764

0.1

7,613 

(2)

Hydro

One

Ltd.

219,294

0.1

26,046 

Keyera

Corp.

689,681

0.4

21,358 

Kinross

Gold

Corp.

173,472

0.1

17,206 

Northland

Power,

Inc.

294,141

0.2

30,548 

Pembina

Pipeline

Corp.

1,134,778

0.6

14,872 

Rogers

Communications,

Inc.

-

Class

B

600,903

0.3

7,746 

TC

Energy

Corp.

298,712

0.2

25,078 

TELUS

Corp.

412,339

0.2

9,942 

West

Fraser

Timber

Co.

Ltd.

795,316

0.5

9,025,617

5.1

China

:

2.5%

922,000 

AviChina

Industry

&

Technology

Co.

Ltd.

-

Class

H

418,357

0.2

314,500 

BOE

Technology

Group

Co.

Ltd.

-

Class

A

177,231

0.1

1,070,000 

China

Communications

Services

Corp.

Ltd.

-

Class

H

514,718

0.3

166,000 

China

Oilfield

Services

Ltd.

-

Class

H

177,414

0.1

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

China

(continued)

617,000 

China

Railway

Group

Ltd.

-

Class

H

$

332,452

0.2

1,540,000 

(2)

China

Tower

Corp.

Ltd.

-

Class

H

181,845

0.1

198,000 

CMOC

Group

Ltd.

-

Class

H

183,184

0.1

315,500 

Fosun

International

Ltd.

177,230

0.1

257,200 

Goldwind

Science

&

Technology

Co.

Ltd.

-

Class

A

276,847

0.2

1,694,800 

Shanghai

Construction

Group

Co.

Ltd.

-

Class

A

545,143

0.3

87,500 

Sinotruk

Hong

Kong

Ltd.

203,501

0.1

90,000 

Weichai

Power

Co.

Ltd.

-

Class

H

161,670

0.1

110,300 

Western

Mining

Co.

Ltd.

-

Class

A

283,563

0.2

104,700 

Yutong

Bus

Co.

Ltd.

-

Class

A

352,614

0.2

71,400 

Zhejiang

Dahua

Technology

Co.

Ltd.

-

Class

A

161,776

0.1

69,400 

Zhuzhou

CRRC

Times

Electric

Co.

Ltd.

-

Class

H

271,792

0.1

4,419,337

2.5

France

:

4.7%

6,057 

Air

Liquide

SA

1,192,461

0.7

1,308 

Airbus

SE

222,492

0.1

7,712 

Arkema

SA

790,292

0.4

18,537 

Cie

de

Saint-Gobain

1,636,651

0.9

3,937 

Eiffage

SA

435,589

0.2

63,830 

Getlink

SE

1,124,843

0.6

14,340 

Legrand

SA

1,557,074

0.9

15,207 

Rexel

SA

462,137

0.3

4,067 

Schneider

Electric

SE

1,014,633

0.6

8,436,172

4.7

Germany

:

4.0%

3,729 

Brenntag

SE

268,621

0.2

22,895 

Daimler

Truck

Holding

AG

979,587

0.5

61,406 

Deutsche

Telekom

AG,

Reg

1,493,039

0.8

9,636 

Heidelberg

Materials

AG

1,010,557

0.6

23,368 

RWE

AG

888,079

0.5

13,007 

Siemens

AG,

Reg

2,506,976

1.4

7,146,859

4.0

Greece

:

0.2%

33,676 

(1)

Public

Power

Corp.

SA

410,884

0.2

Hong

Kong

:

0.6%

13,600 

Jardine

Matheson

Holdings

Ltd.

501,160

0.3

87,500 

Power

Assets

Holdings

Ltd.

485,830

0.3

986,990

0.6

India

:

2.6%

1,939 

ABB

India

Ltd.

193,192

0.1

16,134 

Adani

Ports

&

Special

Economic

Zone

Ltd.

278,389

0.2

21,097 

Hindalco

Industries

Ltd.

174,776

0.1

PORTFOLIO

OF

INVESTMENTS

as

of

May

31,

2024

(Unaudited)

(continued)

2

Voya

Infrastructure,

Industrials

and

Materials

Fund

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

India

(continued)

29,059 

JSW

Steel

Ltd.

$

307,198

0.2

25,058 

Larsen

&

Toubro

Ltd.

1,102,804

0.6

10,267 

PI

Industries

Ltd.

436,021

0.2

128,646 

Power

Grid

Corp.

of

India

Ltd.

478,690

0.3

426,621 

Tata

Steel

Ltd.

855,767

0.5

143,255 

Vedanta

Ltd.

771,333

0.4

4,598,170

2.6

Indonesia

:

0.2%

528,600 

Indah

Kiat

Pulp

&

Paper

Tbk

PT

296,802

0.2

Ireland

:

1.4%

3,377 

AerCap

Holdings

NV

313,081

0.2

2,129 

Allegion

PLC

259,355

0.1

12,332 

CRH

PLC

IE

973,192

0.6

5,830 

CRH

PLC

US

476,661

0.3

12,400 

(1)

James

Hardie

Industries

PLC

386,541

0.2

2,408,830

1.4

Italy

:

0.2%

44,920 

Terna

-

Rete

Elettrica

Nazionale

378,067

0.2

Japan

:

8.5%

54,800 

Central

Japan

Railway

Co.

1,222,274

0.7

70,800 

Chubu

Electric

Power

Co.,

Inc.

978,157

0.5

7,200 

FANUC

Corp.

201,543

0.1

5,200 

Hitachi

Ltd.

535,536

0.3

10,400 

Japan

Airlines

Co.

Ltd.

174,772

0.1

52,900 

JFE

Holdings,

Inc.

800,879

0.4

3,800 

Keyence

Corp.

1,712,894

1.0

16,900 

Makita

Corp.

498,323

0.3

32,900 

MISUMI

Group,

Inc.

566,674

0.3

78,500 

Mitsubishi

Chemical

Group

Corp.

415,750

0.2

10,900 

Mitsubishi

Corp.

230,060

0.1

22,100 

Nippon

Express

Holdings,

Inc.

1,089,161

0.6

385,500 

Nippon

Telegraph

&

Telephone

Corp.

378,564

0.2

10,100 

Nippon

Yusen

KK

320,151

0.2

13,800 

Nitto

Denko

Corp.

1,056,530

0.6

17,400 

Osaka

Gas

Co.

Ltd.

396,165

0.2

12,800 

Shimadzu

Corp.

332,817

0.2

14,000 

Shin-Etsu

Chemical

Co.

Ltd.

522,600

0.3

1,300 

SMC

Corp.

656,538

0.4

11,200 

SoftBank

Group

Corp.

648,116

0.4

49,800 

Sumitomo

Corp.

1,295,921

0.7

45,100 

(1)

Tokyo

Electric

Power

Co.

Holdings,

Inc.

270,756

0.2

13,900 

Toyota

Tsusho

Corp.

848,859

0.5

15,153,040

8.5

Kuwait

:

0.1%

167,838 

Mobile

Telecommunications

Co.

KSCP

247,174

0.1

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Luxembourg

:

0.5%

33,905 

ArcelorMittal

SA

$

894,498

0.5

Mexico

:

0.3%

49,126 

Promotora

y

Operadora

de

Infraestructura

SAB

de

CV

539,513

0.3

Netherlands

:

0.1%

3,444 

Akzo

Nobel

NV

241,571

0.1

Norway

:

0.2%

8,950 

Yara

International

ASA

278,304

0.2

Qatar

:

0.3%

142,092 

Ooredoo

QPSC

367,081

0.2

46,214 

Qatar

Electricity

&

Water

Co.

QSC

190,600

0.1

557,681

0.3

Russia

:

—%

267,141 

(3)

Alrosa

PJSC

—

—

4,101,092 

(3)

Inter

RAO

UES

PJSC

—

—

124,960 

(3)

Mobile

TeleSystems

PJSC

—

—

—

—

Saudi

Arabia

:

0.6%

23,484 

Etihad

Etisalat

Co.

294,058

0.2

21,019 

Sahara

International

Petrochemical

Co.

167,280

0.1

17,515 

Saudi

Basic

Industries

Corp.

355,668

0.2

18,087 

Yanbu

National

Petrochemical

Co.

174,708

0.1

991,714

0.6

Singapore

:

0.5%

66,500 

(2)

BOC

Aviation

Ltd.

493,991

0.3

86,400 

Sembcorp

Industries

Ltd.

326,490

0.2

820,481

0.5

South

Korea

:

1.7%

16,524 

GS

Holdings

Corp.

521,688

0.3

6,454 

(1)

HD

Korea

Shipbuilding

&

Offshore

Engineering

Co.

Ltd.

609,791

0.3

12,948 

Hyundai

Steel

Co.

278,091

0.2

14,106 

KT

Corp.

376,624

0.2

790 

LG

Chem

Ltd.

201,907

0.1

7,051 

(1)

SK

Square

Co.

Ltd.

395,538

0.2

5,624 

SK

Telecom

Co.

Ltd.

207,536

0.1

3,588 

SK,

Inc.

458,277

0.3

3,049,452

1.7

Spain

:

2.5%

5,683 

Acciona

SA

729,618

0.4

6,159 

ACS

Actividades

de

Construccion

y

Servicios

SA

275,754

0.2

5,114 

(2)

Aena

SME

SA

1,000,104

0.6

13,191 

Enagas

SA

202,860

0.1

49,510 

Red

Electrica

Corp.

SA

892,250

0.5

273,658 

Telefonica

SA

1,278,883

0.7

4,379,469

2.5

Sweden

:

2.7%

15,732 

Hexagon

AB

-

Class

B

173,286

0.1

19,169 

Holmen

AB

-

Class

B

802,756

0.4

PORTFOLIO

OF

INVESTMENTS

as

of

May

31,

2024

(Unaudited)

(continued)

3

Voya

Infrastructure,

Industrials

and

Materials

Fund

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Sweden

(continued)

44,447 

Husqvarna

AB

-

Class

B

$

370,111

0.2

8,240 

Saab

AB

-

Class

B

200,007

0.1

21,636 

Sandvik

AB

477,727

0.3

41,435 

SKF

AB

-

Class

B

910,337

0.5

34,405 

Telefonaktiebolaget

LM

Ericsson

-

Class

B

211,989

0.1

63,944 

Volvo

AB

-

Class

B

1,721,047

1.0

4,867,260

2.7

Switzerland

:

2.8%

30,617 

ABB

Ltd.,

Reg

1,688,082

0.9

69 

Givaudan

SA,

Reg

325,287

0.2

21,291 

Holcim

AG

1,870,413

1.0

3,848 

Sika

AG,

Reg

1,173,056

0.7

5,056,838

2.8

Taiwan

:

1.4%

569,000 

AUO

Corp.

313,544

0.2

426,000 

China

Steel

Corp.

312,664

0.1

34,000 

Delta

Electronics,

Inc.

342,601

0.2

237,000 

Hon

Hai

Precision

Industry

Co.

Ltd.

1,262,143

0.7

86,000 

Zhen

Ding

Technology

Holding

Ltd.

325,481

0.2

2,556,433

1.4

Thailand

:

0.3%

458,000 

Indorama

Ventures

PCL

288,305

0.2

204,800 

PTT

Global

Chemical

PCL

194,045

0.1

482,350

0.3

Turkey

:

0.2%

25,876 

KOC

Holding

AS

191,280

0.1

72,112 

Turkcell

Iletisim

Hizmetleri

AS

222,894

0.1

414,174

0.2

United

Kingdom

:

4.1%

12,729 

Anglo

American

PLC

412,102

0.2

97,071 

BAE

Systems

PLC

1,728,437

1.0

145,484 

BT

Group

PLC

243,573

0.1

15,743 

Bunzl

PLC

591,858

0.3

358,684 

Centrica

PLC

651,047

0.4

3,783 

Ferguson

PLC

778,315

0.4

17,479 

Pentair

PLC

1,422,441

0.8

44,441 

Smiths

Group

PLC

983,372

0.6

581,248 

Vodafone

Group

PLC

561,947

0.3

7,373,092

4.1

United

States

:

44.5%

8,279 

3M

Co.

829,059

0.5

8,020 

A.O.

Smith

Corp.

670,793

0.4

11,842 

AECOM

1,034,280

0.6

12,220 

AMERCO

742,854

0.4

4,631 

American

Electric

Power

Co.,

Inc.

417,948

0.2

9,991 

AMETEK,

Inc.

1,694,274

1.0

3,346 

(1)

Arista

Networks,

Inc.

995,937

0.6

107,101 

AT&T,

Inc.

1,951,380

1.1

7,324 

Atmos

Energy

Corp.

848,998

0.5

43,805 

Baker

Hughes

Co.

1,466,591

0.8

5,719 

(1)

Boeing

Co.

1,015,752

0.6

1,046 

(1)

Builders

FirstSource,

Inc.

168,186

0.1

978 

Carlisle

Cos.,

Inc.

409,088

0.2

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

United

States

(continued)

15,110 

Carrier

Global

Corp.

$

954,801

0.5

3,129 

Caterpillar,

Inc.

1,059,229

0.6

1,130 

Celanese

Corp.

171,805

0.1

9,237 

CenterPoint

Energy,

Inc.

281,821

0.2

72,128 

Cisco

Systems,

Inc.

3,353,952

1.9

17,406 

(1)

Cleveland-Cliffs,

Inc.

300,776

0.2

37,275 

CSX

Corp.

1,258,031

0.7

850 

Deere

&

Co.

318,546

0.2

11,813 

Delta

Air

Lines,

Inc.

602,699

0.3

1,107 

Dover

Corp.

203,489

0.1

23,087 

Dow,

Inc.

1,330,504

0.7

13,085 

DTE

Energy

Co.

1,524,795

0.9

2,685 

Duke

Energy

Corp.

278,085

0.2

10,106 

Eastman

Chemical

Co.

1,024,041

0.6

2,603 

Eaton

Corp.

PLC

866,409

0.5

21,117 

Edison

International

1,622,841

0.9

3,725 

Emerson

Electric

Co.

417,796

0.2

10,227 

Entergy

Corp.

1,150,435

0.6

23,301 

Evergy,

Inc.

1,273,633

0.7

11,325 

Eversource

Energy

670,780

0.4

6,731 

(1)

F5,

Inc.

1,137,337

0.6

2,652 

FedEx

Corp.

673,502

0.4

17,822 

Fortive

Corp.

1,326,670

0.7

13,272 

Fortune

Brands

Innovations,

Inc.

929,836

0.5

24,602 

Freeport-McMoRan,

Inc.

1,297,263

0.7

1,205 

(1)

GE

Vernova,

Inc.

211,959

0.1

9,582 

General

Electric

Co.

1,582,371

0.9

10,374 

Graco,

Inc.

837,700

0.5

31,392 

Halliburton

Co.

1,152,086

0.6

2,317 

Honeywell

International,

Inc.

468,474

0.3

14,506 

Ingersoll

Rand,

Inc.

1,349,783

0.8

4,191 

International

Paper

Co.

188,972

0.1

1,550 

Jabil,

Inc.

184,295

0.1

14,429 

Johnson

Controls

International

PLC

1,037,589

0.6

8,881 

(1)

Keysight

Technologies,

Inc.

1,229,841

0.7

10,085 

Kinder

Morgan,

Inc.

196,557

0.1

3,233 

Linde

PLC

US

1,408,036

0.8

375 

Lockheed

Martin

Corp.

176,378

0.1

8,856 

Masco

Corp.

619,212

0.3

10,107 

NextEra

Energy,

Inc.

808,762

0.5

46,960 

NiSource,

Inc.

1,364,658

0.8

3,170 

Nordson

Corp.

744,062

0.4

4,864 

Nucor

Corp.

821,286

0.5

5,642 

Old

Dominion

Freight

Line,

Inc.

988,761

0.6

13,138 

Otis

Worldwide

Corp.

1,303,290

0.7

6,790 

Owens

Corning

1,229,465

0.7

3,338 

Parker-Hannifin

Corp.

1,774,214

1.0

82,094 

PG&E

Corp.

1,522,023

0.9

11,080 

PPG

Industries,

Inc.

1,456,023

0.8

6,721 

Raytheon

Technologies

Corp.

724,591

0.4

1,986 

Reliance

Steel

&

Aluminum

Co.

597,349

0.3

4,163 

Rockwell

Automation,

Inc.

1,072,097

0.6

PORTFOLIO

OF

INVESTMENTS

as

of

May

31,

2024

(Unaudited)

(continued)

4

Voya

Infrastructure,

Industrials

and

Materials

Fund

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

United

States

(continued)

10,642 

RPM

International,

Inc.

$

1,192,968

0.7

18,863 

Schlumberger

NV

865,623

0.5

21,419 

Sempra

Energy

1,649,906

0.9

6,511 

Sherwin-Williams

Co.

1,978,042

1.1

2,145 

Snap-on,

Inc.

585,285

0.3

7,221 

Stanley

Black

&

Decker,

Inc.

629,455

0.4

4,745 

Steel

Dynamics,

Inc.

635,213

0.4

2,070 

Textron,

Inc.

181,353

0.1

2,237 

T-Mobile

US,

Inc.

391,386

0.2

198 

TransDigm

Group,

Inc.

265,960

0.1

10,929 

(1)

Trimble,

Inc.

608,527

0.3

24,590 

(1)

Uber

Technologies,

Inc.

1,587,530

0.9

2,552 

Union

Pacific

Corp.

594,157

0.3

3,229 

United

Parcel

Service,

Inc.

-

Class

B

448,605

0.2

1,535 

United

Rentals,

Inc.

1,027,544

0.6

42,809 

Verizon

Communications,

Inc.

1,761,590

1.0

5,020 

Vertiv

Holdings

Co.

-

Class

A

492,311

0.3

3,493 

Vistra

Corp.

346,086

0.2

493 

Watsco,

Inc.

234,126

0.1

8,268 

Westinghouse

Air

Brake

Technologies

Corp.

1,399,194

0.8

556 

WW

Grainger,

Inc.

512,332

0.3

7,549 

Xcel

Energy,

Inc.

418,592

0.2

79,129,835

44.5

Total

Common

Stock

(Cost

$143,725,851)

172,866,997

97.2

EXCHANGE-TRADED

FUNDS

:

1.4%

22,066 

iShares

MSCI

ACWI

ETF

2,451,091

1.4

Total

Exchange-Traded

Funds

(Cost

$2,367,208)

2,451,091

1.4

PREFERRED

STOCK

:

0.4%

Brazil

:

0.4%

28,100 

Centrais

Eletricas

Brasileiras

SA

210,259

0.2

195,319 

Cia

Energetica

de

Minas

Gerais

370,112

0.2

580,371

0.4

Total

Preferred

Stock

(Cost

$541,321)

580,371

0.4

Total

Long-Term

Investments

(Cost

$146,634,380)

175,898,459

99.0

Shares

RA

Value

Percentage

of

Net

Assets

SHORT-TERM

INVESTMENTS

:

0.3%

Mutual

Funds

:

0.3%

584,000 

(4)

Morgan

Stanley

Institutional

Liquidity

Funds

-

Government

Portfolio

(Institutional

Share

Class),

5.230%

(Cost

$584,000)

$

584,000

0.3

Total

Short-Term

Investments

(Cost

$584,000)

$

584,000

0.3

Total

Investments

in

Securities

(Cost

$147,218,380)

$

176,482,459

99.3

Assets

in

Excess

of

Other

Liabilities

1,320,576

0.7

Net

Assets

$

177,803,035

100.0

(1)

Non-income

producing

security.

(2)

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.

(3)

For

fair

value

measurement

disclosure

purposes,

security

is

categorized

as

Level

3,

whose

value

was

determined

using

significant

unobservable

inputs.

(4)

Rate

shown

is

the

7-day

yield

as

of

May

31,

2024.

Industry

Diversification

Percentage

of

Net

Assets

Electric

Utilities

7.6

%

Industrial

Machinery

&

Supplies

&

Components

7.6

Specialty

Chemicals

5.7

Integrated

Telecommunication

Services

5.5

Industrial

Conglomerates

5.1

Electrical

Components

&

Equipment

4.9

Building

Products

4.5

Steel

4.1

Trading

Companies

&

Distributors

4.1

Construction

Machinery

&

Heavy

Transportation

Equipment

3.8

Multi-Utilities

3.7

Communications

Equipment

3.2

Rail

Transportation

2.9

Aerospace

&

Defense

2.8

Construction

Materials

2.7

Diversified

Metals

&

Mining

2.5

Construction

&

Engineering

2.4

Electronic

Equipment

&

Instruments

2.4

Wireless

Telecommunication

Services

2.0

Oil

&

Gas

Equipment

&

Services

2.0

Oil

&

Gas

Storage

&

Transportation

1.7

Commodity

Chemicals

1.5

Industrial

Gases

1.5

Multi-Sector

Holdings

1.4

Air

Freight

&

Logistics

1.2

Gas

Utilities

1.1

Cargo

Ground

Transportation

1.0

Highways

&

Railtracks

0.9

Passenger

Ground

Transportation

0.9

Paper

Products

0.9

PORTFOLIO

OF

INVESTMENTS

as

of

May

31,

2024

(Unaudited)

(continued)

5

Voya

Infrastructure,

Industrials

and

Materials

Fund

Electronic

Manufacturing

Services

0.8

%

Gold

0.7

Copper

0.7

Independent

Power

Producers

&

Energy

Traders

0.7

Electronic

Components

0.7

Airport

Services

0.6

Forest

Products

0.4

Passenger

Airlines

0.4

Fertilizers

&

Agricultural

Chemicals

0.4

Agricultural

&

Farm

Machinery

0.4

Heavy

Electrical

Equipment

0.4

Diversified

Chemicals

0.2

Marine

Transportation

0.2

Renewable

Electricity

0.2

Marine

Ports

&

Services

0.2

Paper

&

Plastic

Packaging

Products

&

Materials

0.1

Oil

&

Gas

Drilling

0.1

Aluminum

0.1

Alternative

Carriers

0.1

Assets

in

Excess

of

Other

Liabilities*

1.0

Net

Assets

100.0%

*      Includes

short-term

investments.

PORTFOLIO

OF

INVESTMENTS

as

of

May

31,

2024

(Unaudited)

(continued)

6

Voya

Infrastructure,

Industrials

and

Materials

Fund

Fair

Value

Measurements

The

following

is

a

summary

of

the

fair

valuations

according

to

the

inputs

used

as

of

May

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

May

31,

2024

Asset

Table

Investments,

at

fair

value

Common

Stock

Australia

$

—

$

5,603,685

$

—

$

5,603,685

Austria

487,805

—

—

487,805

Belgium

171,229

169,240

—

340,469

Brazil

1,294,431

—

—

1,294,431

Canada

9,025,617

—

—

9,025,617

China

—

4,419,337

—

4,419,337

France

—

8,436,172

—

8,436,172

Germany

—

7,146,859

—

7,146,859

Greece

—

410,884

—

410,884

Hong

Kong

501,160

485,830

—

986,990

India

—

4,598,170

—

4,598,170

Indonesia

—

296,802

—

296,802

Ireland

1,049,097

1,359,733

—

2,408,830

Italy

—

378,067

—

378,067

Japan

320,151

14,832,889

—

15,153,040

Kuwait

—

247,174

—

247,174

Luxembourg

—

894,498

—

894,498

Mexico

539,513

—

—

539,513

Netherlands

—

241,571

—

241,571

Norway

—

278,304

—

278,304

Qatar

—

557,681

—

557,681

Russia

—

—

—

—

Saudi

Arabia

167,280

824,434

—

991,714

Singapore

—

820,481

—

820,481

South

Korea

—

3,049,452

—

3,049,452

Spain

—

4,379,469

—

4,379,469

Sweden

—

4,867,260

—

4,867,260

Switzerland

—

5,056,838

—

5,056,838

Taiwan

—

2,556,433

—

2,556,433

Thailand

—

482,350

—

482,350

Turkey

414,174

—

—

414,174

United

Kingdom

2,200,756

5,172,336

—

7,373,092

United

States

79,129,835

—

—

79,129,835

Total

Common

Stock

95,301,048

77,565,949

—

172,866,997

Exchange-Traded

Funds

2,451,091

—

—

2,451,091

Preferred

Stock

580,371

—

—

580,371

Short-Term

Investments

584,000

—

—

584,000

Total

Investments,

at

fair

value

$

98,916,510

$

77,565,949

$

—

$

176,482,459

Liabilities

Table

Other

Financial

Instruments+

Written

Options

$

—

$

(736,003)

$

—

$

(736,003)

Total

Liabilities

$

—

$

(736,003)

$

—

$

(736,003)

#

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

May

31,

2024

(Unaudited)

(continued)

7

Voya

Infrastructure,

Industrials

and

Materials

Fund

At

May

31,

2024,

the

following

OTC

written

equity

options

were

outstanding

for

Voya

Infrastructure,

Industrials

and

Materials

Fund:

Description

Counterparty

Put/

Call

Expiration

Date

Exercise

Price

Number

of

Contracts

Notional

Amount

Premiums

Received

Fair

Value

Industrial

Select

Sector

SPDR

Fund

UBS

AG

Call

07/05/24

USD

122.030

143,407

USD

17,712,199

$

284,204

$

(443,354)

iShares

MSCI

EAFE

ETF

Goldman

Sachs

International

Call

06/20/24

USD

81.360

366,273

USD

29,734,042

212,145

(116,493)

iShares

MSCI

Emerging

Markets

ETF

Wells

Fargo

Securities

LLC

Call

06/20/24

USD

43.600

174,312

USD

7,284,498

112,483

(7,255)

Materials

Select

Sector

SPDR

Fund

Goldman

Sachs

International

Call

07/05/24

USD

90.440

79,611

USD

7,286,795

129,010

(168,901)

$

737,842

$

(736,003)

Currency

Abbreviations:

USD

—

United

States

Dollar

Net

unrealized

appreciation

consisted

of:

Gross

Unrealized

Appreciation

$

33,944,920

Gross

Unrealized

Depreciation

(4,680,840)

Net

Unrealized

Appreciation

$

29,264,080

---