PORTFOLIO
OF
INVESTMENTS
as
of
February
28,
2026
(Unaudited)
Voya
Multi-Manager
Mid
Cap
Value Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK
:
97.3%
Communication
Services
:
1.2%
512
Electronic
Arts,
Inc.
$
102,692
0.1
4,629
Fox
Corp.
- Class
A
260,798
0.2
3,805
Fox
Corp.
- Class
B
196,833
0.1
9,762
(1)
Liberty
Global
Ltd.
- Class
A
124,368
0.1
7,103
(1)
Liberty
Global
Ltd.
- Class
C
87,367
0.0
1,872
Match
Group,
Inc.
59,155
0.0
3,382
Millicom
International
Cellular
SA
246,514
0.1
2,019
New
York
Times
Co.
- Class
A
161,096
0.1
5,032
News
Corp.
- Class
A
122,227
0.1
1,659
Nexstar
Media
Group,
Inc.
416,442
0.3
1,514
Omnicom
Group,
Inc.
129,129
0.1
1,906,621
1.2
Consumer
Discretionary
:
11.7%
13,044
ADT,
Inc.
104,613
0.1
5,562
(1)
Aptiv
PLC
409,029
0.3
5,268
Aramark
220,466
0.1
267
(1)
AutoNation,
Inc.
52,108
0.0
375
(1)
AutoZone,
Inc.
1,408,342
0.9
4,039
Best
Buy
Co.,
Inc.
250,297
0.2
31,510
BorgWarner,
Inc.
1,814,031
1.2
2,497
Boyd
Gaming
Corp.
207,825
0.1
882
D.R.
Horton,
Inc.
141,464
0.1
494
Dick's
Sporting
Goods,
Inc.
100,593
0.1
170
Domino's
Pizza,
Inc.
68,427
0.0
2,338
eBay,
Inc.
212,431
0.1
4,475
Expedia
Group,
Inc.
965,213
0.6
10,645
Ford
Motor
Co.
149,988
0.1
4,827
Gentex
Corp.
112,952
0.1
1,852
Genuine
Parts
Co.
220,870
0.1
427
(1)
Grand
Canyon
Education,
Inc.
67,923
0.0
3,153
H&R
Block,
Inc.
96,545
0.1
1,148
Hasbro,
Inc.
114,329
0.1
2,725
Hilton
Worldwide
Holdings,
Inc.
849,600
0.6
3,877
Lear
Corp.
508,856
0.3
1,378
Lennar
Corp.
- Class
A
157,588
0.1
6,223
LKQ
Corp.
206,044
0.1
6,350
Lowe's
Cos.,
Inc.
1,680,019
1.1
10,569
(1)
Mattel,
Inc.
179,145
0.1
3,569
(1)
MGM
Resorts
International
131,553
0.1
926
(1)
Mohawk
Industries,
Inc.
116,000
0.1
29
(1)
NVR,
Inc.
218,016
0.1
7,312
Penske
Automotive
Group,
Inc.
1,151,786
0.8
3,420
PulteGroup,
Inc.
469,224
0.3
528
Ralph
Lauren
Corp.
191,453
0.1
444
Ross
Stores,
Inc.
91,304
0.1
1,140
Service
Corp.
International
95,965
0.1
6,850
Texas
Roadhouse,
Inc.
1,252,659
0.8
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Consumer
Discretionary:
(continued)
929
Thor
Industries,
Inc.
$
89,305
0.1
1,834
Toll
Brothers,
Inc.
288,378
0.2
2,669
(1)
TopBuild
Corp.
1,196,513
0.8
16,150
Tractor
Supply
Co.
837,216
0.5
1,092
Travel
+
Leisure
Co.
80,480
0.1
318
(1)
Ulta
Beauty,
Inc.
217,763
0.1
5,075
Williams-Sonoma,
Inc.
1,043,674
0.7
440
Wynn
Resorts
Ltd.
47,604
0.0
460
Yum!
Brands,
Inc.
77,354
0.1
17,894,945
11.7
Consumer
Staples
:
7.4%
10,548
Albertsons
Cos.,
Inc.
- Class
A
188,809
0.1
27,341
Archer-Daniels-
Midland
Co.
1,887,623
1.2
3,211
(1)
BJ's
Wholesale
Club
Holdings,
Inc.
317,215
0.2
2,511
Bunge
Global
SA
302,952
0.2
2,820
Campbell
Soup
Co.
75,999
0.1
1,722
Casey's
General
Stores,
Inc.
1,180,586
0.8
715
Church
&
Dwight
Co.,
Inc.
74,975
0.1
534
Clorox
Co.
67,903
0.0
683
Coca-Cola
Consolidated,
Inc.
138,239
0.1
5,548
Conagra
Brands,
Inc.
106,799
0.1
4,916
Dollar
General
Corp.
768,076
0.5
12,775
Estee
Lauder
Cos.,
Inc.
- Class
A
1,398,479
0.9
2,788
General
Mills,
Inc.
126,101
0.1
1,222
Hershey
Co.
288,734
0.2
2,559
Ingredion,
Inc.
300,580
0.2
4,769
Kraft
Heinz
Co.
117,365
0.1
4,378
Kroger
Co.
298,755
0.2
1,410
Lamb
Weston
Holdings,
Inc.
67,948
0.0
924
McCormick
&
Co.,
Inc.
65,641
0.0
3,336
Molson
Coors
Beverage
Co.
- Class
B
163,431
0.1
2,228
Pilgrim's
Pride
Corp.
96,160
0.1
962
(1)
Post
Holdings,
Inc.
102,261
0.1
14
Seaboard
Corp.
71,858
0.0
1,282
Sysco
Corp.
116,867
0.1
5,307
Tyson
Foods,
Inc.
- Class
A
344,902
0.2
26,583
(1)
US
Foods
Holding
Corp.
2,568,184
1.7
11,236,442
7.4
Energy
:
6.0%
4,508
Antero
Midstream
Corp.
101,340
0.1
19,223
Baker
Hughes
Co.
1,254,493
0.8
12,400
Chesapeake
Energy
Corp.
1,338,208
0.9
8,100
Chord
Energy
Corp.
877,797
0.6
56,195
Coterra
Energy,
Inc.
1,719,005
1.1
PORTFOLIO
OF
INVESTMENTS
as
of
February
28,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
Mid
Cap
Value Fund
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Energy:
(continued)
38,975
Devon
Energy
Corp.
$
1,696,582
1.1
4,689
Halliburton
Co.
168,804
0.1
2,566
HF
Sinclair
Corp.
128,326
0.1
1,545
Marathon
Petroleum
Corp.
306,234
0.2
6,358
NOV,
Inc.
128,813
0.1
1,301
Ovintiv,
Inc.
65,817
0.0
903
Phillips
66
139,360
0.1
16,475
Schlumberger
NV
845,826
0.5
1,967
TechnipFMC
PLC
130,432
0.1
1,178
Valero
Energy
Corp.
241,066
0.2
9,142,103
6.0
Financials
:
12.3%
959
Affiliated
Managers
Group,
Inc.
293,627
0.2
1,281
Allstate
Corp.
274,800
0.2
11,118
American
Financial
Group,
Inc.
1,478,472
1.0
7,285
Annaly
Capital
Management,
Inc.
169,303
0.1
5,464
(1)
Arch
Capital
Group
Ltd.
547,220
0.4
740
Assurant,
Inc.
169,897
0.1
3,796
Axis
Capital
Holdings
Ltd.
401,313
0.3
1,579
Bank
OZK
73,518
0.1
739
Cboe
Global
Markets,
Inc.
221,493
0.1
2,801
Cincinnati
Financial
Corp.
459,308
0.3
543
East
West
Bancorp,
Inc.
59,431
0.0
391
Evercore,
Inc.
- Class
A
120,756
0.1
503
Everest
Re
Group
Ltd.
168,751
0.1
2,969
Fidelity
National
Financial,
Inc.
157,001
0.1
2,225
Globe
Life,
Inc.
323,204
0.2
1,212
Hanover
Insurance
Group,
Inc.
218,924
0.1
14,571
Hartford
Financial
Services
Group,
Inc.
2,052,034
1.3
437
Houlihan
Lokey,
Inc.
71,567
0.0
60,825
Huntington
Bancshares,
Inc.
1,021,860
0.7
3,593
Invesco
Ltd.
94,352
0.1
744
Jack
Henry
&
Associates,
Inc.
120,870
0.1
2,989
Janus
Henderson
Group
PLC
155,727
0.1
1,721
Lazard,
Inc.
87,083
0.1
1,654
Loews
Corp.
181,973
0.1
338
M&T
Bank
Corp.
73,339
0.0
151
(1)
Markel
Corp.
312,943
0.2
19,473
MGIC
Investment
Corp.
516,619
0.3
419
Northern
Trust
Corp.
59,955
0.0
37,699
Old
Republic
International
Corp.
1,616,156
1.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Financials:
(continued)
2,205
OneMain
Holdings,
Inc.
$
121,319
0.1
521
Popular,
Inc.
70,523
0.0
496
Primerica,
Inc.
125,815
0.1
1,380
Principal
Financial
Group,
Inc.
131,680
0.1
575
Prudential
Financial,
Inc.
56,569
0.0
10,161
Raymond
James
Financial,
Inc.
1,555,446
1.0
444
Reinsurance
Group
of
America,
Inc.
95,784
0.1
1,522
RenaissanceRe
Holdings
Ltd.
460,344
0.3
1,010
RLI
Corp.
62,943
0.0
2,087
SEI
Investments
Co.
169,715
0.1
5,911
Synchrony
Financial
408,509
0.3
2,356
T.
Rowe
Price
Group,
Inc.
222,948
0.1
32,850
Truist
Financial
Corp.
1,619,833
1.1
3,396
Unum
Group
243,595
0.2
1,053
(2)
Voya
Financial,
Inc.
70,425
0.0
3,925
W.R.
Berkley
Corp.
281,422
0.2
9,868
Western
Union
Co.
95,029
0.1
34
White
Mountains
Insurance
Group
Ltd.
75,497
0.1
4,600
Willis
Towers
Watson
PLC
1,403,782
0.9
18,772,674
12.3
Health
Care
:
8.7%
413
Agilent
Technologies,
Inc.
50,130
0.0
694
(1)
Biogen,
Inc.
133,123
0.1
1,116
(1)
BioMarin
Pharmaceutical,
Inc.
68,891
0.0
204
Chemed
Corp.
83,642
0.1
1,920
Encompass
Health
Corp.
207,130
0.1
818
GE
HealthCare
Technologies,
Inc.
68,933
0.0
4,010
(1)
Henry
Schein,
Inc.
330,384
0.2
17,742
(1)
Hologic,
Inc.
1,337,037
0.9
1,435
Humana,
Inc.
273,425
0.2
6,342
(1)
IQVIA
Holdings,
Inc.
1,134,013
0.7
1,491
(1)
Jazz
Pharmaceuticals
PLC
283,320
0.2
9,021
Labcorp
Holdings,
Inc.
2,608,152
1.7
63
(1)
Mettler-Toledo
International,
Inc.
86,101
0.1
9,250
(1)
Molina
Healthcare,
Inc.
1,424,963
0.9
1,544
QIAGEN
N.V.
76,891
0.1
8,684
Quest
Diagnostics,
Inc.
1,840,226
1.2
287
ResMed,
Inc.
73,547
0.1
11,250
Revvity,
Inc.
1,105,987
0.7
11,602
Royalty
Pharma
PLC
- Class
A
536,128
0.4
2,103
(1)
Solventum
Corp.
156,043
0.1
514
STERIS
PLC
129,708
0.1
1,475
(1)
Tenet
Healthcare
Corp.
353,100
0.2
PORTFOLIO
OF
INVESTMENTS
as
of
February
28,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
Mid
Cap
Value Fund
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
447
(1)
United
Therapeutics
Corp.
$
225,243
0.1
2,422
Universal
Health
Services,
Inc.
- Class
B
499,174
0.3
5,609
Viatris,
Inc.
83,742
0.1
813
Zimmer
Biomet
Holdings,
Inc.
80,032
0.1
13,249,065
8.7
Industrials
:
20.2%
3,209
A.O.
Smith
Corp.
250,302
0.2
179
Acuity
Brands,
Inc.
53,985
0.0
1,357
AECOM
132,959
0.1
8,100
AGCO
Corp.
1,105,650
0.7
1,950
Air
Lease
Corp.
126,438
0.1
1,006
Allegion
PLC
162,117
0.1
921
Allison
Transmission
Holdings,
Inc.
115,401
0.1
423
AMETEK,
Inc.
101,190
0.1
483
Applied
Industrial
Technologies,
Inc.
136,486
0.1
369
Armstrong
World
Industries,
Inc.
64,021
0.0
357
BWX
Technologies,
Inc.
73,535
0.0
2,059
(1)
CACI
International,
Inc.
- Class
A
1,256,340
0.8
460
Carlisle
Cos.,
Inc.
181,594
0.1
21,550
Carrier
Global
Corp.
1,387,820
0.9
1,255
CH
Robinson
Worldwide,
Inc.
232,489
0.1
347
(1)
Clean
Harbors,
Inc.
101,740
0.1
410
Crane
Co.
82,217
0.1
42,950
CSX
Corp.
1,833,536
1.2
166
Cummins,
Inc.
96,922
0.1
174
Curtiss-Wright
Corp.
121,857
0.1
2,229
Delta
Air
Lines,
Inc.
146,445
0.1
2,503
Donaldson
Co.,
Inc.
232,178
0.1
861
Dover
Corp.
194,156
0.1
232
EMCOR
Group,
Inc.
168,112
0.1
2,195
Expeditors
International
of
Washington,
Inc.
318,341
0.2
463
Ferguson
Enterprises,
Inc.
120,732
0.1
1,011
Flowserve
Corp.
89,494
0.1
2,182
Fortive
Corp.
129,174
0.1
7,549
(1)
FTI
Consulting,
Inc.
1,241,207
0.8
5,084
Genpact
Ltd.
201,936
0.1
1,271
Graco,
Inc.
119,372
0.1
1,265
(1)
GXO
Logistics,
Inc.
79,480
0.0
893
Hexcel
Corp.
82,772
0.1
3,155
Hubbell,
Inc.
1,614,193
1.1
382
Huntington
Ingalls
Industries,
Inc.
169,807
0.1
5,150
IDEX
Corp.
1,078,770
0.7
875
ITT,
Inc.
177,109
0.1
873
Jacobs
Solutions,
Inc.
120,352
0.1
1,038
JB
Hunt
Transport
Services,
Inc.
242,280
0.2
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Industrials:
(continued)
1,518
(1)
Kirby
Corp.
$
197,036
0.1
26,588
Knight-Swift
Transportation
Holdings,
Inc.
1,672,917
1.1
4,642
L3Harris
Technologies,
Inc.
1,692,195
1.1
5,005
Landstar
System,
Inc.
815,565
0.5
1,552
Leidos
Holdings,
Inc.
271,755
0.2
6,957
Lincoln
Electric
Holdings,
Inc.
1,997,007
1.3
2,445
Masco
Corp.
175,111
0.1
464
MSA
Safety,
Inc.
90,670
0.1
1,986
MSC
Industrial
Direct
Co.,
Inc.
- Class
A
186,366
0.1
1,986
Mueller
Industries,
Inc.
234,269
0.1
238
Nordson
Corp.
69,839
0.0
3,693
Oshkosh
Corp.
627,884
0.4
925
Otis
Worldwide
Corp.
85,618
0.1
861
Pentair
PLC
85,403
0.1
6,150
Regal
Rexnord
Corp.
1,359,027
0.9
4,575
Republic
Services,
Inc.
1,047,675
0.7
144
Rockwell
Automation,
Inc.
58,673
0.0
1,622
Ryder
System,
Inc.
359,370
0.2
962
Science
Applications
International
Corp.
88,754
0.1
1,902
Sensata
Technologies
Holding
PLC
71,021
0.0
451
Simpson
Manufacturing
Co.,
Inc.
87,300
0.1
707
Snap-on,
Inc.
272,351
0.2
857
SS&C
Technologies
Holdings,
Inc.
64,524
0.0
37,418
(1)
Standardaero,
Inc.
1,152,474
0.8
1,925
Textron,
Inc.
189,901
0.1
1,120
Timken
Co.
121,386
0.1
12,334
Toro
Co.
1,219,339
0.8
598
(1)
United
Airlines
Holdings,
Inc.
63,567
0.0
552
Valmont
Industries,
Inc.
253,881
0.2
490
WESCO
International,
Inc.
141,855
0.1
435
Westinghouse
Air
Brake
Technologies
Corp.
114,818
0.1
398
Woodward,
Inc.
153,930
0.1
12,429
Xylem,
Inc.
1,610,301
1.1
30,774,291
20.2
Information
Technology
:
8.3%
12,133
(1)
Akamai
Technologies,
Inc.
1,193,766
0.8
2,867
Amdocs
Ltd.
200,117
0.1
526
(1)
Arrow
Electronics,
Inc.
80,036
0.1
1,170
Avnet,
Inc.
77,033
0.1
5,375
CDW
Corp.
659,190
0.4
4,650
(1)
Check
Point
Software
Technologies
Ltd.
707,125
0.5
1,113
(1)
Cirrus
Logic,
Inc.
157,067
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
February
28,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
Mid
Cap
Value Fund
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Information
Technology:
(continued)
2,187
Cognizant
Technology
Solutions
Corp.
- Class
A
$
140,908
0.1
906
Dolby
Laboratories,
Inc.
- Class
A
60,312
0.0
3,596
(1)
Dropbox,
Inc.
- Class
A
89,864
0.1
3,008
(1)
F5,
Inc.
816,251
0.5
4,673
(1)
Flex
Ltd.
294,492
0.2
6,496
Hewlett
Packard
Enterprise
Co.
139,469
0.1
3,020
HP,
Inc.
57,350
0.0
347
Jabil,
Inc.
91,951
0.1
6,650
(1)
Keysight
Technologies,
Inc.
2,043,744
1.3
23,550
Microchip
Technology,
Inc.
1,757,772
1.2
4,450
MKS
Instruments,
Inc.
1,087,847
0.7
619
NetApp,
Inc.
61,300
0.0
1,397
Qnity
Electronics,
Inc.
177,084
0.1
1,483
Ralliant
Corp.
68,055
0.0
1,034
Skyworks
Solutions,
Inc.
61,606
0.0
2,643
TD
SYNNEX
Corp.
414,449
0.3
204
(1)
Teledyne
Technologies,
Inc.
138,944
0.1
17,070
(1)
Trimble,
Inc.
1,141,471
0.7
607
VeriSign,
Inc.
138,360
0.1
2,004
Vontier
Corp.
82,004
0.1
3,250
(1)
Zebra
Technologies
Corp.
- Class
A
727,870
0.5
12,665,437
8.3
Materials
:
8.9%
10,075
(1)
Amrize
Ltd.
654,774
0.4
10,998
AptarGroup,
Inc.
1,580,523
1.0
890
Avery
Dennison
Corp.
174,751
0.1
2,068
(1)
Axalta
Coating
Systems
Ltd.
69,092
0.0
17,045
CF
Industries
Holdings,
Inc.
1,696,659
1.1
1,380
Corteva,
Inc.
110,566
0.1
2,021
Crown
Holdings,
Inc.
231,607
0.2
26,338
DuPont
de
Nemours,
Inc.
1,317,954
0.9
1,112
Eastman
Chemical
Co.
83,967
0.1
3,150
Franco-Nevada
Corp.
883,921
0.6
1,209
LyondellBasell
Industries
NV
- Class
A
69,542
0.0
2,521
Mosaic
Co.
70,185
0.1
94
NewMarket
Corp.
58,845
0.0
801
Nucor
Corp.
141,681
0.1
9,359
Packaging
Corp.
of
America
2,172,598
1.4
632
PPG
Industries,
Inc.
77,907
0.1
1,569
Reliance
Steel
&
Aluminum
Co.
495,239
0.3
519
Royal
Gold,
Inc.
155,591
0.1
15,900
RPM
International,
Inc.
1,814,508
1.2
3,349
Sealed
Air
Corp.
140,256
0.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Materials:
(continued)
8,073
Steel
Dynamics,
Inc.
$
1,559,138
1.0
13,559,304
8.9
Real
Estate
:
5.5%
307
AvalonBay
Communities,
Inc.
54,410
0.0
2,849
Brixmor
Property
Group,
Inc.
86,239
0.1
10,825
Camden
Property
Trust
1,172,780
0.8
399
(1)
CBRE
Group,
Inc.
- Class
A
58,916
0.0
2,171
CubeSmart
89,315
0.1
388
EastGroup
Properties,
Inc.
76,168
0.0
23,671
Equity
LifeStyle
Properties,
Inc.
1,589,744
1.0
1,212
Equity
Residential
76,611
0.0
391
Essex
Property
Trust,
Inc.
99,748
0.1
1,669
First
Industrial
Realty
Trust,
Inc.
105,381
0.1
4,132
Gaming
and
Leisure
Properties,
Inc.
202,096
0.1
11,167
Host
Hotels
&
Resorts,
Inc.
218,762
0.1
393
(1)
Jones
Lang
LaSalle,
Inc.
124,011
0.1
12,850
Lamar
Advertising
Co.
- Class
A
1,769,959
1.2
473
Mid-America
Apartment
Communities,
Inc.
63,316
0.0
39,658
National
Retail
Properties,
Inc.
1,797,301
1.2
2,272
Omega
Healthcare
Investors,
Inc.
109,669
0.1
5,889
Rayonier,
Inc.
126,555
0.1
514
SBA
Communications
Corp.
103,396
0.1
316
Simon
Property
Group,
Inc.
64,417
0.0
8,072
VICI
Properties,
Inc.
243,855
0.2
2,028
WP
Carey,
Inc.
151,390
0.1
8,384,039
5.5
Utilities
:
7.1%
12,487
AES
Corp.
215,775
0.1
33,079
Alliant
Energy
Corp.
2,392,935
1.6
1,557
Ameren
Corp.
176,377
0.1
11,339
American
Water
Works
Co.,
Inc.
1,542,444
1.0
900
Atmos
Energy
Corp.
168,111
0.1
3,723
Brookfield
Renewable
Corp.
159,084
0.1
3,526
CenterPoint
Energy,
Inc.
153,381
0.1
2,027
Clearway
Energy,
Inc.
- Class
C
77,654
0.0
25,055
CMS
Energy
Corp.
1,956,044
1.3
PORTFOLIO
OF
INVESTMENTS
as
of
February
28,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
Mid
Cap
Value Fund
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Utilities:
(continued)
1,779
Consolidated
Edison,
Inc.
$
200,173
0.1
1,741
DTE
Energy
Co.
258,086
0.2
2,339
Edison
International
174,817
0.1
1,258
Entergy
Corp.
134,744
0.1
3,210
Essential
Utilities,
Inc.
128,304
0.1
3,691
Evergy,
Inc.
308,789
0.2
1,896
Eversource
Energy
144,494
0.1
4,140
Exelon
Corp.
204,806
0.1
3,445
FirstEnergy
Corp.
176,246
0.1
1,015
IDACORP,
Inc.
146,130
0.1
2,914
MDU
Resources
Group,
Inc.
60,262
0.0
6,299
National
Fuel
Gas
Co.
573,398
0.4
2,463
NiSource,
Inc.
116,500
0.1
3,796
OGE
Energy
Corp.
186,535
0.1
5,975
PG&E
Corp.
113,525
0.1
2,951
Pinnacle
West
Capital
Corp.
295,985
0.2
3,721
PPL
Corp.
145,045
0.1
11,864
UGI
Corp.
443,832
0.3
1,246
WEC
Energy
Group,
Inc.
145,732
0.1
1,316
Xcel
Energy,
Inc.
109,702
0.1
10,908,910
7.1
Total
Common
Stock
(Cost
$133,164,279)
148,493,831
97.3
EXCHANGE-TRADED
FUNDS
:
0.2%
2,848
iShares
Russell
Mid-
Cap
ETF
293,316
0.2
Total
Exchange-Traded
Funds
(Cost
$282,355)
293,316
0.2
Total
Long-Term
Investments
(Cost
$133,446,634)
148,787,147
97.5
Shares
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
2.3%
Mutual
Funds
:
2.3%
3,475,143
(3)
BlackRock
Liquidity
Funds,
FedFund,
Institutional
Class,
3.560%
(Cost
$3,475,143)
$
3,475,143
2.3
Total
Short-Term
Investments
(Cost
$3,475,143)
$
3,475,143
2.3
Total
Investments
in
Securities
(Cost
$136,921,777)
$
152,262,290
99.8
Assets
in
Excess
of
Other
Liabilities
278,939
0.2
Net
Assets
$
152,541,229
100.0
(1)
Non-income
producing
security.
(2)
Investment
in
affiliate.
(3)
Rate
shown
is
the
7-day
yield
as
of
February
28,
2026.
PORTFOLIO
OF
INVESTMENTS
as
of
February
28,
2026
(Unaudited)
(continued)
Voya
Multi-Manager
Mid
Cap
Value 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*
$
148,493,831
$
—
$
—
$
148,493,831
Exchange-Traded
Funds
293,316
—
—
293,316
Short-Term
Investments
3,475,143
—
—
3,475,143
Total
Investments,
at
fair
value
$
152,262,290
$
—
$
—
$
152,262,290
*
For
further
breakdown
of
Common
Stock
by
sector,
please
refer
to
the
Portfolio
of
Investments.
Transactions
with
Affiliates
An
investment
of
at
least
5%
of
the
voting
securities
of
an
issuer,
or
a
company
which
is
under
common
control
with
the
issuer,
results
in
that
issuer
becoming
an
affiliated
person
as
defined
by
the
1940
Act.
The
following
table
provides
transactions
during
the
period
ended
February
28,
2026,
where
the
following
issuers
were
considered
an
affiliate:
Issuer
Beginning
Fair
Value
at
5/31/2025
Purchases
at
Cost
Sales
at
Cost
Change
In
Unrealized
Appreciation/
(Depreciation)
Ending
Fair
Value
at
2/28/2026
Investment
Income
Realized
Gains/
(Losses)
Net
Capital
Gain
Distributions
Voya
Financial,
Inc.
$
—
$
81,940
$
(2,560)
$
(8,955)
$
70,425
$
—
$
(190)
$
—
$
—
$
81,940
$
(2,560)
$
(8,955)
$
70,425
$
—
$
(190)
$
—
The
financial
statements
for
the
above
mutual
fund[s]
and,
as
applicable,
ETF[s]
can
be
found
at
www.sec.gov.
Net
unrealized
appreciation
consisted
of:
Gross
Unrealized
Appreciation
$
18,058,021
Gross
Unrealized
Depreciation
(2,717,509)
Net
Unrealized
Appreciation
$
15,340,512