PORTFOLIO
OF
INVESTMENTS
as
of
November
30,
2023
(Unaudited)
1
Voya
Emerging
Markets
High
Dividend
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK
:
93.4%
Brazil
:
3.5%
24,800 
Banco
do
Brasil
SA
$
273,341
0.3
74,053 
BB
Seguridade
Participacoes
SA
472,267
0.4
175,631 
Cia
Siderurgica
Nacional
SA
588,404
0.6
63,621 
Cosan
SA
228,656
0.2
13,965 
Equatorial
Energia
SA
96,665
0.1
61,618 
(1)(2)
Hapvida
Participacoes
e
Investimentos
S/A
54,457
0.0
56,169 
(2)
Natura
&
Co.
Holding
SA
188,864
0.2
42,466 
Sendas
Distribuidora
S/A
111,297
0.1
38,664 
Telefonica
Brasil
SA
414,915
0.4
108,219 
TIM
SA/Brazil
379,708
0.4
12,775 
TOTVS
SA
85,988
0.1
29,771 
Vale
SA
-
Foreign
447,891
0.4
51,596 
WEG
SA
358,506
0.3
3,700,959
3.5
Chile
:
0.4%
160,543 
Cencosud
SA
298,205
0.3
2,618,851 
Cia
Sud
Americana
de
Vapores
SA
151,939
0.1
450,144
0.4
China
:
26.9%
22,900 
37
Interactive
Entertainment
Network
Technology
Group
Co.
Ltd.
-
Class
A
71,194
0.1
116,500 
(1)
3SBio,
Inc.
108,203
0.1
201,600 
(2)
Alibaba
Group
Holding
Ltd.
1,873,955
1.8
358,000 
Aluminum
Corp.
of
China
Ltd.
-
Class
H
176,803
0.2
16,778 
Anhui
Yingjia
Distillery
Co.
Ltd.
-
Class
A
176,646
0.2
22,600 
Anker
Innovations
Technology
Co.
Ltd.
-
Class
A
279,322
0.3
30,000 
ANTA
Sports
Products
Ltd.
313,084
0.3
3,926 
Autohome,
Inc.,
ADR
107,219
0.1
249,000 
AviChina
Industry
&
Technology
Co.
Ltd.
-
Class
H
112,837
0.1
1,468,000 
Bank
of
China
Ltd.
-
Class
H
537,859
0.5
204,600 
Bank
of
Jiangsu
Co.
Ltd.
-
Class
A
189,908
0.2
16,000 
Beijing
New
Building
Materials
PLC
-
Class
A
52,422
0.0
31,000 
BYD
Co.
Ltd.
-
Class
H
833,175
0.8
63,000 
By-health
Co.
Ltd.
-
Class
A
161,710
0.2
224,900 
CECEP
Solar
Energy
Co.
Ltd.
-
Class
A
175,629
0.2
383,900 
CECEP
Wind-Power
Corp.
-
Class
A
165,832
0.2
439,000 
China
CITIC
Bank
Corp.
Ltd.
-
Class
H
198,309
0.2
632,000 
China
Communications
Services
Corp.
Ltd.
-
Class
H
269,278
0.3
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
China
(continued)
1,159,000 
China
Construction
Bank
Corp.
-
Class
H
$
670,126
0.6
169,000 
China
Longyuan
Power
Group
Corp.
Ltd.
-
Class
H
126,397
0.1
146,000 
China
Medical
System
Holdings
Ltd.
280,449
0.3
131,000 
China
Merchants
Bank
Co.
Ltd.
-
Class
H
457,192
0.4
7,600 
China
National
Medicines
Corp.
Ltd.
-
Class
A
32,560
0.0
250,000 
China
Oilfield
Services
Ltd.
-
Class
H
268,642
0.3
45,000 
China
Overseas
Property
Holdings
Ltd.
36,675
0.0
482,000 
China
Railway
Group
Ltd.
-
Class
H
211,555
0.2
20,000 
China
Resources
Beer
Holdings
Co.
Ltd.
90,158
0.1
48,000 
China
Resources
Land
Ltd.
175,737
0.2
2,772,000 
(1)
China
Tower
Corp.
Ltd.
-
Class
H
287,363
0.3
60,000 
Chinasoft
International
Ltd.
51,329
0.0
105,000 
CITIC
Securities
Co.
Ltd.
-
Class
H
217,964
0.2
294,000 
CMOC
Group
Ltd.
-
Class
H
167,998
0.2
4,400 
Contemporary
Amperex
Technology
Co.
Ltd.
-
Class
A
103,051
0.1
90,500 
COSCO
SHIPPING
Holdings
Co.
Ltd.
-
Class
H
83,378
0.1
75,360 
CSPC
Pharmaceutical
Group
Ltd.
67,869
0.1
42,300 
Dong-E-E-Jiao
Co.
Ltd.
-
Class
A
298,323
0.3
23,500 
Dongfang
Electric
Corp.
Ltd.
-
Class
A
48,018
0.0
369,000 
Far
East
Horizon
Ltd.
270,177
0.3
162,400 
Focus
Media
Information
Technology
Co.
Ltd.
-
Class
A
148,858
0.1
63,600 
Foxconn
Industrial
Internet
Co.
Ltd.
-
Class
A
134,718
0.1
178,000 
Geely
Automobile
Holdings
Ltd.
193,678
0.2
5,284 
GoodWe
Technologies
Co.
Ltd.
-
Class
A
79,992
0.1
212,100 
GRG
Banking
Equipment
Co.
Ltd.
-
Class
A
363,020
0.3
29,600 
Henan
Shenhuo
Coal
&
Power
Co.
Ltd.
-
Class
A
65,383
0.1
41,500 
Hengan
International
Group
Co.
Ltd.
151,516
0.1
78,800 
Hengdian
Group
DMEGC
Magnetics
Co.
Ltd.
-
Class
A
149,583
0.1
43,600 
Hisense
Visual
Technology
Co.
Ltd.
-
Class
A
143,113
0.1
28,200 
Hubei
Jumpcan
Pharmaceutical
Co.
Ltd.
-
Class
A
126,204
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
November
30,
2023
(Unaudited)
(continued)
2
Voya
Emerging
Markets
High
Dividend
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
China
(continued)
38,200 
IEIT
Systems
Co.
Ltd.
-
Class
A
$
188,726
0.2
298,592 
Industrial
&
Commercial
Bank
of
China
Ltd.
-
Class
H
142,078
0.1
29,500 
JA
Solar
Technology
Co.
Ltd.
-
Class
A
82,333
0.1
4,752 
JD.com,
Inc.
-
Class
A
64,818
0.1
28,500 
Jiangsu
Yuyue
Medical
Equipment
&
Supply
Co.
Ltd.
-
Class
A
136,591
0.1
76,799 
Jiangsu
Zhongtian
Technology
Co.
Ltd.
-
Class
A
139,722
0.1
81,100 
Joincare
Pharmaceutical
Group
Industry
Co.
Ltd.
-
Class
A
143,891
0.1
16,500 
Kingboard
Holdings
Ltd.
39,723
0.0
76,400 
Kingsoft
Corp.
Ltd.
244,004
0.2
146,000 
Lenovo
Group
Ltd.
180,181
0.2
46,400 
LONGi
Green
Energy
Technology
Co.
Ltd.
-
Class
A
138,078
0.1
1,200 
Luzhou
Laojiao
Co.
Ltd.
-
Class
A
34,867
0.0
50,320 
(1)(2)
Meituan
-
Class
B
582,530
0.5
2,700 
MINISO
Group
Holding
Ltd.,
ADR
68,391
0.1
64,000 
Minth
Group
Ltd.
138,637
0.1
39,500 
NetEase,
Inc.
891,056
0.8
32,800 
(1)
Nongfu
Spring
Co.
Ltd.
-
Class
H
187,084
0.2
66,900 
Offshore
Oil
Engineering
Co.
Ltd.
-
Class
A
60,201
0.1
8,560 
(2)
PDD
Holdings,
Inc.,
ADR
1,262,086
1.2
1,039,000 
People's
Insurance
Co.
Group
of
China
Ltd.
-
Class
H
336,563
0.3
528,000 
PetroChina
Co.
Ltd.
-
Class
H
345,510
0.3
326,000 
PICC
Property
&
Casualty
Co.
Ltd.
-
Class
H
378,696
0.4
87,500 
Ping
An
Insurance
Group
Co.
of
China
Ltd.
-
Class
H
401,332
0.4
6,149 
Qifu
Technology,
Inc.,
ADR
95,432
0.1
42,900 
Risen
Energy
Co.
Ltd.
-
Class
A
97,111
0.1
72,000 
Sany
Heavy
Equipment
International
Holdings
Co.
Ltd.
74,845
0.1
37,900 
Shanghai
Aiko
Solar
Energy
Co.
Ltd.
-
Class
A
86,059
0.1
604,300 
Shanghai
Construction
Group
Co.
Ltd.
-
Class
A
211,706
0.2
129,100 
Shanghai
Pharmaceuticals
Holding
Co.
Ltd.
-
Class
H
187,145
0.2
4,300 
Shanxi
Xinghuacun
Fen
Wine
Factory
Co.
Ltd.
-
Class
A
143,941
0.1
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
China
(continued)
34,700 
Shenzhen
Kstar
Science
And
Technology
Co.
Ltd.
-
Class
A
$
123,473
0.1
6,400 
Shenzhen
Mindray
Bio-
Medical
Electronics
Co.
Ltd.
-
Class
A
260,690
0.2
14,200 
Shenzhen
SC
New
Energy
Technology
Corp.
-
Class
A
140,004
0.1
43,600 
Shenzhen
Senior
Technology
Material
Co.
Ltd.
-
Class
A
91,430
0.1
10,200 
Shenzhen
Transsion
Holdings
Co.
Ltd.
-
Class
A
158,252
0.1
70,700 
Sichuan
Road
and
Bridge
Group
Co.
Ltd.
-
Class
A
76,455
0.1
1,600 
Sieyuan
Electric
Co.
Ltd.
-
Class
A
11,119
0.0
66,400 
Sinopharm
Group
Co.
Ltd.
-
Class
H
164,556
0.2
160,000 
Sinotruk
Hong
Kong
Ltd.
331,910
0.3
12,800 
Sungrow
Power
Supply
Co.
Ltd.
-
Class
A
149,173
0.1
6,200 
Sunny
Optical
Technology
Group
Co.
Ltd.
58,714
0.1
25,000 
Sunresin
New
Materials
Co.
Ltd.
-
Class
A
176,403
0.2
1,400 
Suzhou
TFC
Optical
Communication
Co.
Ltd.
-
Class
A
14,421
0.0
102,700 
Tencent
Holdings
Ltd.
4,278,396
4.1
52,000 
Tingyi
Cayman
Islands
Holding
Corp.
65,445
0.1
18,000 
TongFu
Microelectronics
Co.
Ltd.
-
Class
A
57,394
0.1
211,000 
(1)
Topsports
International
Holdings
Ltd.
171,486
0.2
89,000 
TravelSky
Technology
Ltd.
-
Class
H
149,937
0.1
42,404 
Trina
Solar
Co.
Ltd.
-
Class
A
160,325
0.1
145,000 
Uni-President
China
Holdings
Ltd.
92,743
0.1
215,900 
Western
Mining
Co.
Ltd.
-
Class
A
388,651
0.4
35,900 
(1)
WuXi
AppTec
Co.
Ltd.
-
Class
H
419,953
0.4
510,000 
Xinyi
Solar
Holdings
Ltd.
292,580
0.3
128,000 
(1)
Yadea
Group
Holdings
Ltd.
240,696
0.2
39,000 
Yankuang
Energy
Group
Co.
Ltd.
-
Class
H
72,449
0.1
20,920 
YongXing
Special
Materials
Technology
Co.
Ltd.
-
Class
A
129,085
0.1
6,701 
Yum
China
Holdings,
Inc.
289,349
0.3
182,400 
Yutong
Bus
Co.
Ltd.
-
Class
A
344,332
0.3
46,168 
Zangge
Mining
Co.
Ltd.
-
Class
A
154,844
0.1
162,000 
Zhejiang
Expressway
Co.
Ltd.
-
Class
H
102,584
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
November
30,
2023
(Unaudited)
(continued)
3
Voya
Emerging
Markets
High
Dividend
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
China
(continued)
9,000 
Zhongji
Innolight
Co.
Ltd.
-
Class
A
$
119,899
0.1
60,300 
Zhuzhou
CRRC
Times
Electric
Co.
Ltd.
-
Class
H
190,410
0.2
122,000 
Zijin
Mining
Group
Co.
Ltd.
-
Class
H
193,202
0.2
58,000 
ZTE
Corp.
-
Class
H
126,437
0.1
6,690 
ZTO
Express
Cayman,
Inc.,
ADR
149,321
0.1
28,333,866
26.9
Colombia
:
0.2%
61,660 
Interconexion
Electrica
SA
ESP
232,769
0.2
Egypt
:
0.2%
309,084 
Eastern
Co.
SAE
259,070
0.2
Greece
:
1.3%
237,145 
(2)
Alpha
Services
and
Holdings
SA
403,479
0.4
127,725 
(2)
Eurobank
Ergasias
Services
and
Holdings
SA
235,444
0.2
12,318 
Hellenic
Telecommunications
Organization
SA
180,831
0.2
4,759 
Jumbo
SA
124,531
0.1
25,442 
OPAP
SA
406,850
0.4
1,351,135
1.3
Hong
Kong
:
0.2%
276,000 
Bosideng
International
Holdings
Ltd.
115,735
0.1
153,000 
Sino
Biopharmaceutical
Ltd.
75,051
0.1
190,786
0.2
Hungary
:
1.1%
7,403 
MOL
Hungarian
Oil
&
Gas
PLC
58,944
0.1
13,686 
OTP
Bank
Nyrt
569,474
0.5
20,437 
Richter
Gedeon
Nyrt
515,095
0.5
1,143,513
1.1
India
:
15.0%
28,078 
Adani
Ports
&
Special
Economic
Zone
Ltd.
278,342
0.3
57,050 
Axis
Bank
Ltd.
736,573
0.7
2,482 
Bajaj
Auto
Ltd.
181,611
0.2
7,477 
Bajaj
Finance
Ltd.
639,179
0.6
162,619 
Bank
of
Baroda
384,945
0.4
38,461 
Bharat
Electronics
Ltd.
67,409
0.1
51,676 
Bharat
Petroleum
Corp.
Ltd.
270,471
0.3
63,211 
CG
Power
&
Industrial
Solutions
Ltd.
340,857
0.3
10,401 
Cholamandalam
Investment
and
Finance
Co.
Ltd.
139,613
0.1
2,750 
Colgate-Palmolive
India
Ltd.
72,530
0.1
40,283 
HCL
Technologies
Ltd.
649,104
0.6
55,360 
HDFC
Bank
Ltd.
1,037,856
1.0
76,140 
Hindalco
Industries
Ltd.
472,192
0.4
94,377 
(2)
Hindustan
Petroleum
Corp.
Ltd.
393,842
0.4
132,074 
ICICI
Bank
Ltd.
1,474,967
1.4
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
India
(continued)
283,443 
Indian
Oil
Corp.
Ltd.
$
380,531
0.4
99,395 
ITC
Ltd.
519,598
0.5
13,227 
JSW
Steel
Ltd.
127,310
0.1
30,160 
Kotak
Mahindra
Bank
Ltd.
635,820
0.6
29,953 
Larsen
&
Toubro
Ltd.
1,118,164
1.1
1,219 
Maruti
Suzuki
India
Ltd.
155,203
0.1
33,008 
NTPC
Ltd.
103,520
0.1
143,872 
Oil
&
Natural
Gas
Corp.
Ltd.
336,203
0.3
10,258 
PI
Industries
Ltd.
463,846
0.4
185,493 
Power
Finance
Corp.
Ltd.
745,595
0.7
177,055 
Power
Grid
Corp.
of
India
Ltd.
444,063
0.4
174,839 
REC
Ltd.
731,327
0.7
6,854 
Reliance
Industries
Ltd.
195,627
0.2
76,366 
Samvardhana
Motherson
International
Ltd.
84,480
0.1
19,942 
Shriram
Finance
Ltd.
480,416
0.5
22,346 
State
Bank
of
India
151,627
0.1
23,991 
Tata
Consultancy
Services
Ltd.
1,005,248
0.9
313,907 
Tata
Steel
Ltd.
482,399
0.5
10,369 
Torrent
Pharmaceuticals
Ltd.
263,965
0.2
91,918 
Vedanta
Ltd.
257,711
0.2
15,822,144
15.0
Indonesia
:
0.8%
1,264,300 
Aneka
Tambang
Tbk
141,942
0.1
237,200 
Bank
Negara
Indonesia
Persero
Tbk
PT
80,704
0.1
1,669,800 
Bank
Rakyat
Indonesia
Persero
Tbk
PT
568,274
0.5
408,000 
Sumber
Alfaria
Trijaya
Tbk
PT
75,497
0.1
866,417
0.8
Kuwait
:
0.1%
19,516 
Mabanee
Co.
KPSC
53,004
0.1
Malaysia
:
1.9%
368,300 
CIMB
Group
Holdings
Bhd
446,611
0.4
379,500 
Genting
Bhd
381,362
0.4
722,800 
Genting
Malaysia
Bhd
414,376
0.4
378,500 
Inari
Amertron
Bhd
237,559
0.2
552,300 
Public
Bank
Bhd
506,261
0.5
1,986,169
1.9
Mexico
:
2.5%
37,139 
Arca
Continental
SAB
de
CV
378,692
0.3
313,478 
Fibra
Uno
Administracion
SA
de
CV
506,806
0.5
36,600 
Grupo
Mexico
SAB
de
CV
168,139
0.2
256,982 
Grupo
Televisa
SAB
164,530
0.1
152,909 
Kimberly-Clark
de
Mexico
SAB
de
CV
-
Class
A
308,222
0.3
176,462 
Operadora
De
Sites
Mexicanos
SAB
de
CV
-
Class
1
221,587
0.2
30,363 
Promotora
y
Operadora
de
Infraestructura
SAB
de
CV
299,076
0.3
PORTFOLIO
OF
INVESTMENTS
as
of
November
30,
2023
(Unaudited)
(continued)
4
Voya
Emerging
Markets
High
Dividend
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Mexico
(continued)
153,614 
Wal-Mart
de
Mexico
SAB
de
CV
$
604,780
0.6
2,651,832
2.5
Peru
:
0.0%
123 
Credicorp
Ltd.
15,440
0.0
Philippines
:
0.7%
148,500 
Ayala
Land,
Inc.
83,535
0.1
21,774 
BDO
Unibank,
Inc.
52,420
0.0
44,780 
International
Container
Terminal
Services,
Inc.
174,278
0.2
215,220 
Metropolitan
Bank
&
Trust
Co.
193,733
0.2
6,770 
PLDT,
Inc.
156,413
0.1
100,800 
SM
Prime
Holdings,
Inc.
58,674
0.1
719,053
0.7
Poland
:
0.4%
39,571 
Powszechny
Zaklad
Ubezpieczen
SA
450,733
0.4
Qatar
:
1.2%
165,139 
Commercial
Bank
PSQC
241,744
0.2
932,740 
Mesaieed
Petrochemical
Holding
Co.
430,852
0.4
69,968 
Ooredoo
QPSC
197,740
0.2
69,340 
Qatar
Electricity
&
Water
Co.
QSC
321,595
0.3
10,085 
Qatar
Islamic
Bank
SAQ
52,627
0.1
1,244,558
1.2
Romania
:
0.5%
79,197 
NEPI
Rockcastle
NV
487,334
0.5
Russia
:
—%
354,185 
(3)
Alrosa
PJSC
—
—
10,144,776 
(3)
Inter
RAO
UES
PJSC
—
—
15,442 
(3)
Lukoil
PJSC
—
—
9,459 
(3)
Magnit
PJSC
—
—
116,758 
(3)
Mobile
TeleSystems
PJSC
—
—
4,585 
(2)(3)
Severstal
PAO
—
—
130,134 
(3)
Surgutneftegas
PJSC
—
—
125,422 
(3)
Tatneft
PJSC
—
—
—
—
Saudi
Arabia
:
2.4%
15,277 
Arab
National
Bank
97,760
0.1
29,695 
Banque
Saudi
Fransi
296,306
0.3
58,331 
Etihad
Etisalat
Co.
718,350
0.7
24,577 
Riyad
Bank
175,030
0.2
41,053 
Sahara
International
Petrochemical
Co.
354,751
0.3
39,848 
Saudi
Awwal
Bank
369,454
0.3
6,594 
Saudi
Basic
Industries
Corp.
139,394
0.1
27,493 
Saudi
Electricity
Co.
132,413
0.1
28,670 
Saudi
Telecom
Co.
294,248
0.3
2,577,706
2.4
Singapore
:
0.3%
49,800 
(1)
BOC
Aviation
Ltd.
358,309
0.3
South
Africa
:
2.9%
60,851 
Absa
Group
Ltd.
561,220
0.5
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
South
Africa
(continued)
14,845 
Exxaro
Resources
Ltd.
$
148,081
0.1
181,018 
FirstRand
Ltd.
647,517
0.6
450,335 
Growthpoint
Properties
Ltd.
253,222
0.2
12,854 
Harmony
Gold
Mining
Co.
Ltd.
80,575
0.1
62,164 
Impala
Platinum
Holdings
Ltd.
252,772
0.2
13,348 
MTN
Group
Ltd.
72,922
0.1
5,345 
Nedbank
Group
Ltd.
60,620
0.1
25,263 
Sasol
Ltd.
279,088
0.3
35,428 
Shoprite
Holdings
Ltd.
483,273
0.5
203,151 
Sibanye
Stillwater
Ltd.
223,559
0.2
3,062,849
2.9
South
Korea
:
10.2%
2,319 
BGF
retail
Co.
Ltd.
242,217
0.2
4,507 
DB
Insurance
Co.
Ltd.
290,798
0.3
9,471 
Doosan
Bobcat,
Inc.
333,290
0.3
165 
Ecopro
Co.
Ltd.
95,186
0.1
607 
GS
Holdings
Corp.
19,354
0.0
5,641 
Hankook
Tire
&
Technology
Co.
Ltd.
197,440
0.2
1,110 
Hanmi
Pharm
Co.
Ltd.
263,566
0.3
5,660 
Hanmi
Semiconductor
Co.
Ltd.
277,759
0.3
35,809 
Hanon
Systems
200,383
0.2
3,397 
Hanwha
Aerospace
Co.
Ltd.
332,231
0.3
6,197 
HD
Hyundai
Co.
Ltd.
288,840
0.3
3,446 
Hyundai
Mobis
Co.
Ltd.
609,460
0.6
4,884 
Hyundai
Motor
Co.
695,405
0.7
2,609 
JYP
Entertainment
Corp.
193,727
0.2
7,915 
KB
Financial
Group,
Inc.
320,026
0.3
11,609 
Kia
Corp.
771,281
0.7
1,158 
LG
Chem
Ltd.
447,990
0.4
4,940 
LG
Electronics,
Inc.
391,697
0.4
593 
LG
H&H
Co.
Ltd.
153,196
0.1
668 
LG
Innotek
Co.
Ltd.
122,919
0.1
14,198 
LG
Uplus
Corp.
115,327
0.1
832 
Meritz
Financial
Group,
Inc.
35,674
0.0
2,464 
NAVER
Corp.
396,073
0.4
32,448 
NH
Investment
&
Securities
Co.
Ltd.
257,275
0.2
860 
Orion
Corp./Republic
of
Korea
77,764
0.1
1,262 
POSCO
Holdings,
Inc.
471,288
0.4
3,911 
Posco
International
Corp.
172,806
0.2
4,448 
Samsung
C&T
Corp.
410,131
0.4
2,022 
Samsung
Fire
&
Marine
Insurance
Co.
Ltd.
406,408
0.4
704 
Samsung
SDI
Co.
Ltd.
256,345
0.2
18,821 
Samsung
Securities
Co.
Ltd.
570,575
0.5
10,418 
SK
Hynix,
Inc.
1,080,987
1.0
470 
(2)
SK
Innovation
Co.
Ltd.
52,031
0.1
1,457 
SK,
Inc.
184,334
0.2
10,733,783
10.2
Taiwan
:
15.9%
314,000 
Acer,
Inc.
354,209
0.3
20,897 
Advantech
Co.
Ltd.
236,081
0.2
PORTFOLIO
OF
INVESTMENTS
as
of
November
30,
2023
(Unaudited)
(continued)
5
Voya
Emerging
Markets
High
Dividend
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Taiwan
(continued)
73,000 
ASE
Technology
Holding
Co.
Ltd.
$
298,105
0.3
38,000 
Asustek
Computer,
Inc.
479,127
0.5
156,000 
China
Airlines
Ltd.
105,431
0.1
285,000 
Compal
Electronics,
Inc.
281,925
0.3
60,000 
Delta
Electronics,
Inc.
606,859
0.6
4,000 
eMemory
Technology,
Inc.
320,748
0.3
243,000 
Eva
Airways
Corp.
243,480
0.2
72,000 
Gigabyte
Technology
Co.
Ltd.
573,472
0.5
242,000 
Hon
Hai
Precision
Industry
Co.
Ltd.
786,035
0.7
203,000 
Inventec
Corp.
275,184
0.3
146,000 
Lite-On
Technology
Corp.
513,227
0.5
35,000 
MediaTek,
Inc.
1,056,983
1.0
74,000 
Micro-Star
International
Co.
Ltd.
434,438
0.4
39,000 
Novatek
Microelectronics
Corp.
637,044
0.6
111,000 
Quanta
Computer,
Inc.
718,520
0.7
4,000 
Realtek
Semiconductor
Corp.
57,516
0.1
406,962 
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.
7,444,197
7.1
486,000 
United
Microelectronics
Corp.
759,988
0.7
162,000 
Wistron
Corp.
471,990
0.4
2,000 
Wiwynn
Corp.
112,215
0.1
16,766,774
15.9
Thailand
:
2.6%
480,700 
Bangkok
Dusit
Medical
Services
PCL
-
Foreign
-
Class
F
358,965
0.3
31,100 
Bumrungrad
Hospital
PCL
-
Foreign
197,128
0.2
78,600 
Charoen
Pokphand
Foods
PCL
44,422
0.0
49,400 
Delta
Electronics
Thailand
PCL
109,375
0.1
465,400 
Indorama
Ventures
PCL
-
Foreign
324,188
0.3
79,800 
Kasikornbank
PCL
-
Foreign
290,345
0.3
356,300 
Krung
Thai
Bank
PCL
184,432
0.2
40,100 
Krungthai
Card
PCL
53,313
0.0
448,300 
Land
&
Houses
PCL
-
Foreign
98,171
0.1
224,400 
Osotspa
PCL
145,869
0.1
19,300 
PTT
Exploration
&
Production
PCL
-
Foreign
Shares
82,849
0.1
436,600 
PTT
Global
Chemical
PCL
478,842
0.5
135,100 
SCB
X
PCL
-
Foreign
381,306
0.4
2,749,205
2.6
Turkey
:
0.1%
21,433 
KOC
Holding
AS
104,889
0.1
15,672 
(2)
Turkcell
Iletisim
Hizmetleri
AS
31,398
0.0
136,287
0.1
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
United
Arab
Emirates
:
2.1%
151,541 
Abu
Dhabi
Commercial
Bank
PJSC
$
346,611
0.3
174,287 
Aldar
Properties
PJSC
271,477
0.3
198,450 
Dubai
Islamic
Bank
PJSC
298,221
0.3
314,292 
Emaar
Properties
PJSC
649,217
0.6
134,772 
Emirates
NBD
Bank
PJSC
645,869
0.6
2,211,395
2.1
Total
Common
Stock
(Cost
$97,473,410)
98,555,234
93.4
EXCHANGE-TRADED
FUNDS
:
1.0%
27,229 
iShares
MSCI
Emerging
Markets
ETF
1,077,179
1.0
Total
Exchange-Traded
Funds
(Cost
$1,033,876)
1,077,179
1.0
PREFERRED
STOCK
:
4.4%
Brazil
:
1.5%
247,238 
Cia
Energetica
de
Minas
Gerais
555,049
0.5
145,775 
Petroleo
Brasileiro
SA
1,054,059
1.0
1,609,108
1.5
Chile
:
0.2%
3,362 
Sociedad
Quimica
y
Minera
de
Chile
SA
170,770
0.2
South
Korea
:
2.7%
62,577 
Samsung
Electronics
Co.
Ltd.
2,807,294
2.7
Total
Preferred
Stock
(Cost
$3,660,565)
4,587,172
4.4
RIGHT
:
—%
Taiwan
:
—%
130 
Wistron
Corp.
—
—
Total
Right
(Cost
$–)
—
—
Total
Long-Term
Investments
(Cost
$102,167,851)
104,219,585
98.8
PORTFOLIO
OF
INVESTMENTS
as
of
November
30,
2023
(Unaudited)
(continued)
6
Voya
Emerging
Markets
High
Dividend
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
1.2%
Mutual
Funds
:
1.2%
1,314,000 
(4)
Morgan
Stanley
Institutional
Liquidity
Funds
-
Government
Portfolio
(Institutional
Share
Class),
5.260%
(Cost
$1,314,000)
$
1,314,000
1.2
Total
Short-Term
Investments
(Cost
$1,314,000)
$
1,314,000
1.2
Total
Investments
in
Securities
(Cost
$103,481,851)
$
105,533,585
100.0
Liabilities
in
Excess
of
Other
Assets
(1,319)
0.0
Net
Assets
$
105,532,266
100.0
ADR
American
Depositary
Receipt
(1)
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.
(2)
Non-income
producing
security.
(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
November
30,
2023.
Sector
Diversification
Percentage
of
Net
Assets
Information
Technology
24.6
%
Financials
20.8
Consumer
Discretionary
10.5
Communication
Services
9.1
Materials
8.0
Industrials
7.5
Consumer
Staples
4.8
Energy
4.0
Health
Care
3.8
Real
Estate
2.5
Utilities
2.2
Exchange-Traded
Funds
1.0
Short-Term
Investments
1.2
Liabilities
in
Excess
of
Other
Assets
0.0
Net
Assets
100.0%
Portfolio
holdings
are
subject
to
change
daily.
PORTFOLIO
OF
INVESTMENTS
as
of
November
30,
2023
(Unaudited)
(continued)
7
Voya
Emerging
Markets
High
Dividend
Equity
Fund
Fair
Value
Measurements
The
following
is
a
summary
of
the
fair
valuations
according
to
the
inputs
used
as
of
November
30,
2023
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
November
30,
2023
Asset
Table
Investments,
at
fair
value
Common
Stock
Brazil
$
3,700,959
$
—
$
—
$
3,700,959
Chile
450,144
—
—
450,144
China
2,267,929
26,065,937
—
28,333,866
Colombia
232,769
—
—
232,769
Egypt
259,070
—
—
259,070
Greece
124,531
1,226,604
—
1,351,135
Hong
Kong
—
190,786
—
190,786
Hungary
574,039
569,474
—
1,143,513
India
463,846
15,358,298
—
15,822,144
Indonesia
75,497
790,920
—
866,417
Kuwait
—
53,004
—
53,004
Malaysia
—
1,986,169
—
1,986,169
Mexico
2,651,832
—
—
2,651,832
Peru
15,440
—
—
15,440
Philippines
252,407
466,646
—
719,053
Poland
—
450,733
—
450,733
Qatar
492,111
752,447
—
1,244,558
Romania
487,334
—
—
487,334
Russia
—
—
—
—
Saudi
Arabia
718,350
1,859,356
—
2,577,706
Singapore
—
358,309
—
358,309
South
Africa
797,115
2,265,734
—
3,062,849
South
Korea
—
10,733,783
—
10,733,783
Taiwan
—
16,766,774
—
16,766,774
Thailand
—
2,749,205
—
2,749,205
Turkey
31,398
104,889
—
136,287
United
Arab
Emirates
992,480
1,218,915
—
2,211,395
Total
Common
Stock
14,587,251
83,967,983
—
98,555,234
Exchange-Traded
Funds
1,077,179
—
—
1,077,179
Preferred
Stock
1,779,878
2,807,294
—
4,587,172
Short-Term
Investments
1,314,000
—
—
1,314,000
Total
Investments,
at
fair
value
$
18,758,308
$
86,775,277
$
—
$
105,533,585
Liabilities
Table
Other
Financial
Instruments+
Forward
Foreign
Currency
Contracts
$
—
$
(6)
$
—
$
(6)
Written
Options
—
(462,665)
—
(462,665)
Total
Liabilities
$
—
$
(462,671)
$
—
$
(462,671)
#
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
November
30,
2023
(Unaudited)
(continued)
8
Voya
Emerging
Markets
High
Dividend
Equity
Fund
At
November
30,
2023,
the
following
forward
foreign
currency
contracts
were
outstanding
for
Voya
Emerging
Markets
High
Dividend
Equity
Fund:
Currency
Purchased
Currency
Sold
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
USD
2,993
EGP
92,671
The
Bank
of
New
York
Mellon
12/05/23
$
(6)
$
(6)
At
November
30,
2023,
the
following
OTC
written
equity
options
were
outstanding
for
Voya
Emerging
Markets
High
Dividend
Equity
Fund:
Description
Counterparty
Put/
Call
Expiration
Date
Exercise
Price
Number
of
Contracts
Notional
Amount
Premiums
Received
Fair
Value
iShares
MSCI
Emerging
Markets
ETF
UBS
AG
Call
12/01/23
USD
38.460
262,610
USD
10,388,852
$
191,495
$
(290,491)
iShares
MSCI
Emerging
Markets
ETF
UBS
AG
Call
12/15/23
USD
39.360
266,768
USD
10,553,342
203,811
(172,174)
$
395,306
$
(462,665)
Currency
Abbreviations:
EGP
—
Egyptian
Pound
USD
—
United
States
Dollar
Net
unrealized
appreciation
consisted
of:
Gross
Unrealized
Appreciation
$
15,761,324
Gross
Unrealized
Depreciation
(13,709,590)
Net
Unrealized
Appreciation
$
2,051,734
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