PORTFOLIO
OF
INVESTMENTS
as
of
February
28,
2026
(Unaudited)
1
Voya
Small
Cap
Growth
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK
:
96.9%
Consumer
Discretionary
:
8.9%
1,680,465 
(1)
Arhaus,
Inc.
$
13,863,836
0.7
368,346 
(1)
Dutch
Bros,
Inc.
- Class
A
19,747,029
1.1
154,558 
(1)
Five
Below,
Inc.
34,548,350
1.9
832,422 
(1)
Life
Time
Group
Holdings,
Inc.
22,475,394
1.2
155,371 
(1)
Modine
Manufacturing
Co.
35,308,060
1.9
236,382 
(1)
Skyline
Champion
Corp.
22,096,989
1.2
61,602 
Wingstop,
Inc.
15,986,335
0.9
164,025,993
8.9
Consumer
Staples
:
3.0%
566,793 
(1)
Celsius
Holdings,
Inc.
30,385,773
1.6
281,029 
(1)
e.l.f.
Beauty,
Inc.
25,868,719
1.4
56,254,492
3.0
Energy
:
3.1%
32,624 
(1)
Centrus
Energy
Corp.
- Class
A
6,609,296
0.4
784,299 
Northern
Oil
and
Gas,
Inc.
21,638,810
1.2
387,344 
Solaris
Oilfield
Infrastructure,
Inc.
- Class
A
19,223,883
1.0
623,489 
(1)
Uranium
Energy
Corp.
9,558,086
0.5
57,030,075
3.1
Financials
:
7.1%
104,124 
(1)
Dave,
Inc.
20,124,045
1.1
585,341 
Glacier
Bancorp,
Inc.
26,627,162
1.5
197,730 
Moelis
&
Co.
- Class
A
11,737,253
0.6
192,535 
(1)
Palomar
Holdings,
Inc.
23,818,505
1.3
76,629 
Piper
Sandler
Cos.
22,647,701
1.2
100,733 
StepStone
Group,
Inc.
- Class
A
4,345,621
0.2
271,577 
Western
Alliance
Bancorp
21,813,065
1.2
131,113,352
7.1
Health
Care
:
22.1%
325,644 
(1)
ACADIA
Pharmaceuticals,
Inc.
7,997,817
0.4
155,129 
(1)
Addus
HomeCare
Corp.
16,060,505
0.9
923,586 
(1)
ADMA
Biologics,
Inc.
14,380,234
0.8
1,466,895 
(1)
Alignment
Healthcare,
Inc.
28,193,722
1.5
267,315 
(1)
Arrowhead
Pharmaceuticals,
Inc.
16,913,020
0.9
565,152 
(1)
AtriCure,
Inc.
17,666,652
1.0
98,102 
(1)
Axsome
Therapeutics,
Inc.
16,077,937
0.9
274,617 
(1)
Bridgebio
Pharma,
Inc.
18,256,538
1.0
829,417 
(1)
BrightSpring
Health
Services,
Inc.
34,362,746
1.9
320,013 
(1)
Catalyst
Pharmaceuticals,
Inc.
7,385,900
0.4
42,381 
(1)
Celcuity,
Inc.
4,734,381
0.3
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
240,237 
(1)
Cogent
Biosciences,
Inc.
$
9,333,207
0.5
166,452 
(1)
Crinetics
Pharmaceuticals,
Inc.
6,841,177
0.4
120,263 
(1)
Cytokinetics,
Inc.
7,482,764
0.4
67,196 
(1)
GeneDx
Holdings
Corp.
5,356,193
0.3
49,840 
(1)
Glaukos
Corp.
6,000,736
0.3
174,114 
(1)
Guardant
Health,
Inc.
16,349,305
0.9
441,682 
(1)
HeartFlow,
Inc.
10,229,355
0.5
56,118 
(1)
Krystal
Biotech,
Inc.
15,468,366
0.8
103,422 
(1)
Kymera
Therapeutics,
Inc.
9,447,600
0.5
31,307 
(1)
Madrigal
Pharmaceuticals,
Inc.
13,524,624
0.7
83,478 
(1)
Nuvalent,
Inc.
- Class
A
8,510,582
0.5
180,124 
(1)
Omnicell,
Inc.
7,403,096
0.4
41,581 
(1)
Penumbra,
Inc.
14,320,081
0.8
186,516 
(1)
Protagonist
Therapeutics,
Inc.
17,174,393
0.9
163,598 
(1)
PTC
Therapeutics,
Inc.
11,155,748
0.6
208,036 
(1)
RadNet,
Inc.
14,522,993
0.8
174,999 
(1)
Repligen
Corp.
22,527,621
1.2
126,495 
(1)
Rhythm
Pharmaceuticals,
Inc.
11,729,881
0.6
294,619 
(1)
Scholar
Rock
Holding
Corp.
13,042,783
0.7
217,262 
(1)
TG
Therapeutics,
Inc.
6,537,414
0.3
408,987,371
22.1
Industrials
:
29.5%
177,154 
AAON,
Inc.
17,927,985
1.0
200,681 
(1)
Bloom
Energy
Corp.
- Class
A
31,240,011
1.7
428,280 
(1)
Casella
Waste
Systems,
Inc.
- Class
A
39,898,565
2.2
181,305 
(1)
Construction
Partners,
Inc.
- Class
A
24,361,953
1.3
63,863 
(1)
Dycom
Industries,
Inc.
26,823,737
1.4
293,096 
Granite
Construction,
Inc.
39,409,688
2.1
313,197 
Helios
Technologies,
Inc.
22,337,210
1.2
207,446 
Herc
Holdings,
Inc.
28,998,876
1.6
85,597 
John
Bean
Technologies
Corp.
13,181,938
0.7
171,580 
(1)
Karman
Holdings,
Inc.
15,117,914
0.8
136,458 
(1)
Kratos
Defense
&
Security
Solutions,
Inc.
11,759,951
0.6
332,365 
(1)
Loar
Holdings,
Inc.
23,528,118
1.3
350,785 
(1)
Mercury
Systems,
Inc.
31,230,389
1.7
245,111 
(1)
Nextracker,
Inc.
- Class
A
25,761,166
1.4
1,208,104 
(1)
QXO,
Inc.
28,934,091
1.6
395,523 
(1)
Red
Cat
Holdings,
Inc.
4,607,843
0.2
63,681 
(1)
Saia,
Inc.
25,815,641
1.4
161,064 
(1)
SiteOne
Landscape
Supply,
Inc.
23,014,435
1.2
113,377 
(1)
SPX
Technologies,
Inc.
25,729,776
1.4
PORTFOLIO
OF
INVESTMENTS
as
of
February
28,
2026
(Unaudited)
(continued)
2
Voya
Small
Cap
Growth
Fund
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Industrials:
(continued)
163,602 
Standex
International
Corp.
$
42,863,724
2.3
202,452 
Terex
Corp.
13,926,673
0.8
129,732 
VSE
Corp.
29,458,245
1.6
545,927,929
29.5
Information
Technology
:
20.5%
362,473 
(1)
ACI
Worldwide,
Inc.
14,382,929
0.8
188,536 
(1)
Agilysys,
Inc.
13,606,643
0.7
883,175 
(1)
Allegro
MicroSystems,
Inc.
32,209,392
1.7
525,985 
(1)
Applied
Digital
Corp.
14,343,611
0.8
403,833 
Cognex
Corp.
21,968,515
1.2
123,277 
(1)
Credo
Technology
Group
Holding
Ltd.
13,840,309
0.8
403,536 
(1)
D-Wave
Quantum,
Inc.
7,578,406
0.4
30,385 
(1)
Fabrinet
16,578,967
0.9
90,662 
(1)
FormFactor,
Inc.
8,964,658
0.5
78,133 
(1)
Impinj,
Inc.
9,583,794
0.5
242,214 
(1)
JFrog
Ltd.
9,724,892
0.5
35,615 
(1)
Lumentum
Holdings,
Inc.
24,962,910
1.4
683,057 
(1)
Mirion
Technologies,
Inc.
14,760,862
0.8
905,045 
(1)
Ondas,
Inc.
9,122,854
0.5
178,773 
(1)
Onto
Innovation,
Inc.
38,595,303
2.1
171,236 
(1)
Procore
Technologies,
Inc.
9,424,829
0.5
208,202 
(1)
Rambus,
Inc.
20,749,411
1.1
456,916 
(1)
Rigetti
Computing,
Inc.
7,959,477
0.4
205,493 
Silicon
Motion
Technology
Corp.,
ADR
26,555,860
1.4
48,609 
(1)
SiTime
Corp.
19,340,549
1.0
105,626 
(1)
Synaptics,
Inc.
8,604,294
0.5
167,140 
(1)
Tower
Semiconductor
Ltd.
20,870,772
1.1
305,411 
(1)
Unusual
Machines,
Inc.
4,168,860
0.2
529,196 
(1)
Varonis
Systems,
Inc.
12,224,428
0.7
380,122,525
20.5
Materials
:
1.5%
564,081 
Element
Solutions,
Inc.
19,793,602
1.1
840,744 
(1)
United
States
Antimony
Corp.
7,516,252
0.4
27,309,854
1.5
Real
Estate
:
1.2%
146,889 
FirstService
Corp.
23,145,300
1.2
Total
Common
Stock
(Cost
$1,451,164,843)
1,793,916,891
96.9
Shares
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
1.8%
Mutual
Funds
:
1.8%
33,651,000 
(2)
Morgan
Stanley
Institutional
Liquidity
Funds
-
Government
Portfolio
(Institutional
Share
Class),
3.590%
(Cost
$33,651,000)
$
33,651,000
1.8
Total
Short-Term
Investments
(Cost
$33,651,000)
$
33,651,000
1.8
Total
Investments
in
Securities
(Cost
$1,484,815,843)
$
1,827,567,891
98.7
Assets
in
Excess
of
Other
Liabilities
24,093,825
1.3
Net
Assets
$
1,851,661,716
100.0
ADR
American
Depositary
Receipt
(1)
Non-income
producing
security.
(2)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
PORTFOLIO
OF
INVESTMENTS
as
of
February
28,
2026
(Unaudited)
(continued)
3
Voya
Small
Cap
Growth
Fund
Fair
Value
Measurements
The
following
is
a
summary
of
the
fair
valuations
according
to
the
inputs
used
as
of
February
28,
2026
in
valuing
the
assets
and
liabilities:
Quoted
Prices
in
Active
Markets
for
Identical
Investments
(Level
1)
Significant
Other
Observable
Inputs
(Level
2)
Significant
Unobservable
Inputs
(Level
3)
Fair
Value
at
February
28,
2026
Asset
Table
Investments,
at
fair
value
Common
Stock*
$
1,793,916,891
$
—
$
—
$
1,793,916,891
Short-Term
Investments
33,651,000
—
—
33,651,000
Total
Investments,
at
fair
value
$
1,827,567,891
$
—
$
—
$
1,827,567,891
*
For
further
breakdown
of
Common
Stock
by
sector,
please
refer
to
the
Portfolio
of
Investments.
Net
unrealized
appreciation
consisted
of:
Gross
Unrealized
Appreciation
$
385,167,331
Gross
Unrealized
Depreciation
(42,415,283)
Net
Unrealized
Appreciation
$
342,752,048