PORTFOLIO
OF
INVESTMENTS
as
of
November
30,
2024
(Unaudited)
1
Voya
Emerging
Markets
High
Dividend
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK
:
95.9%
Brazil
:
2.8%
83,700 
Banco
do
Brasil
SA
$
342,073
0.3
123,600 
Caixa
Seguridade
Participacoes
S/A
293,963
0.3
166,200 
CCR
SA
301,363
0.3
183,131 
Cia
Siderurgica
Nacional
SA
336,324
0.3
218,321 
Cosan
SA
360,312
0.3
98,000 
(1)(2)
Hapvida
Participacoes
e
Investimentos
S/A
43,000
0.0
41,800 
JBS
S/A
256,769
0.2
95,600 
Natura
&
Co.
Holding
SA
214,976
0.2
9,000 
Suzano
SA
92,965
0.1
38,664 
Telefonica
Brasil
SA
316,674
0.3
146,619 
TIM
SA/Brazil
377,708
0.4
5,571 
Vale
SA
-
Foreign
54,730
0.1
2,990,857
2.8
Chile
:
0.4%
113,027 
(2)
Falabella
SA
387,196
0.4
China
:
24.4%
27,500 
37
Interactive
Entertainment
Network
Technology
Group
Co.
Ltd.
-
Class
A
64,525
0.1
39,500 
AAC
Technologies
Holdings,
Inc.
178,544
0.2
200,300 
Alibaba
Group
Holding
Ltd.
2,187,526
2.0
3,400 
Anhui
Gujing
Distillery
Co.
Ltd.
-
Class
B
48,891
0.0
7,886 
Autohome,
Inc.,
ADR
216,944
0.2
64,500 
Bank
of
Chengdu
Co.
Ltd.
-
Class
A
142,477
0.1
1,468,000 
Bank
of
China
Ltd.
-
Class
H
684,479
0.6
160,300 
Bank
of
Jiangsu
Co.
Ltd.
-
Class
A
201,192
0.2
50,500 
Bank
of
Nanjing
Co.
Ltd.
-
Class
A
73,901
0.1
18,100 
Beijing
Tiantan
Biological
Products
Corp.
Ltd.
-
Class
A
53,949
0.1
204,800 
BOE
Technology
Group
Co.
Ltd.
-
Class
A
122,235
0.1
9,500 
BYD
Co.
Ltd.
-
Class
H
313,357
0.3
572,000 
China
CITIC
Bank
Corp.
Ltd.
-
Class
H
365,474
0.3
774,000 
China
Communications
Services
Corp.
Ltd.
-
Class
H
407,905
0.4
1,300,000 
China
Construction
Bank
Corp.
-
Class
H
982,877
0.9
86,000 
(1)
China
Feihe
Ltd.
63,594
0.1
69,000 
China
Hongqiao
Group
Ltd.
101,339
0.1
272,000 
China
Minsheng
Banking
Corp.
Ltd.
-
Class
H
106,141
0.1
394,000 
China
Oilfield
Services
Ltd.
-
Class
H
341,176
0.3
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
China
(continued)
104,000 
China
Railway
Group
Ltd.
-
Class
H
$
50,271
0.0
114,418 
China
Railway
Signal
&
Communication
Corp.
Ltd.
-
Class
A
101,090
0.1
29,600 
(1)
China
Resources
Mixc
Lifestyle
Services
Ltd.
112,247
0.1
196,000 
(1)
China
Resources
Pharmaceutical
Group
Ltd.
132,515
0.1
2,772,000 
(1)
China
Tower
Corp.
Ltd.
-
Class
H
364,754
0.3
119,900 
China
XD
Electric
Co.
Ltd.
-
Class
A
125,742
0.1
51,400 
China
Yangtze
Power
Co.
Ltd.
-
Class
A
194,143
0.2
294,000 
CMOC
Group
Ltd.
-
Class
H
220,303
0.2
38,200 
Dong-E-E-Jiao
Co.
Ltd.
-
Class
A
307,776
0.3
23,700 
Dongfang
Electric
Corp.
Ltd.
-
Class
A
49,981
0.0
290,000 
Fosun
International
Ltd.
157,708
0.1
8,000 
(1)
Fuyao
Glass
Industry
Group
Co.
Ltd.
-
Class
H
53,830
0.1
16,800 
(1)
Giant
Biogene
Holding
Co.
Ltd.
108,537
0.1
161,200 
Goldwind
Science
&
Technology
Co.
Ltd.
-
Class
A
249,856
0.2
187,000 
Great
Wall
Motor
Co.
Ltd.
-
Class
H
302,886
0.3
83,900 
GRG
Banking
Equipment
Co.
Ltd.
-
Class
A
152,148
0.1
18,400 
Haier
Smart
Home
Co.
Ltd.
-
Class
H
61,887
0.1
26,000 
(1)
Hansoh
Pharmaceutical
Group
Co.
Ltd.
64,793
0.1
69,000 
Hisense
Home
Appliances
Group
Co.
Ltd.
-
Class
H
195,672
0.2
67,600 
(1)
Huatai
Securities
Co.
Ltd.
-
Class
H
116,921
0.1
256,592 
Industrial
&
Commercial
Bank
of
China
Ltd.
-
Class
H
151,287
0.1
260,000 
Inner
Mongolia
Yuan
Xing
Energy
Co.
Ltd.
-
Class
A
210,629
0.2
32,502 
JD.com,
Inc.
-
Class
A
607,560
0.6
178,000 
Jiangsu
Expressway
Co.
Ltd.
-
Class
H
180,876
0.2
22,400 
Jiangsu
Zhongtian
Technology
Co.
Ltd.
-
Class
A
49,514
0.0
2,530 
KE
Holdings,
Inc.,
ADR
47,691
0.0
100,200 
Kingsoft
Corp.
Ltd.
407,560
0.4
400 
Kweichow
Moutai
Co.
Ltd.
-
Class
A
84,941
0.1
346,000 
Lenovo
Group
Ltd.
409,430
0.4
22,900 
Livzon
Pharmaceutical
Group,
Inc.
-
Class
A
121,381
0.1
66,220 
(1)(2)
Meituan
-
Class
B
1,396,797
1.3
PORTFOLIO
OF
INVESTMENTS
as
of
November
30,
2024
(Unaudited)
(continued)
2
Voya
Emerging
Markets
High
Dividend
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
China
(continued)
30,400 
MINISO
Group
Holding
Ltd.
$
152,046
0.1
32,000 
NARI
Technology
Co.
Ltd.
-
Class
A
109,861
0.1
31,900 
NetEase,
Inc.
555,356
0.5
25,700 
Ningbo
Sanxing
Medical
Electric
Co.
Ltd.
-
Class
A
110,137
0.1
933,000 
People's
Insurance
Co.
Group
of
China
Ltd.
-
Class
H
446,593
0.4
366,000 
PetroChina
Co.
Ltd.
-
Class
H
260,593
0.2
324,000 
PICC
Property
&
Casualty
Co.
Ltd.
-
Class
H
491,931
0.5
105,000 
Ping
An
Insurance
Group
Co.
of
China
Ltd.
-
Class
H
610,657
0.6
20,000 
(1)
Pop
Mart
International
Group
Ltd.
232,166
0.2
4,361 
Qifu
Technology,
Inc.,
ADR
166,198
0.2
164,000 
Shanghai
Baosight
Software
Co.
Ltd.
-
Class
B
272,509
0.3
209,300 
Shanghai
Pharmaceuticals
Holding
Co.
Ltd.
-
Class
H
349,730
0.3
25,500 
Shenzhen
YUTO
Packaging
Technology
Co.
Ltd.
-
Class
A
86,664
0.1
15,200 
Sieyuan
Electric
Co.
Ltd.
-
Class
A
163,683
0.2
6,000 
Silergy
Corp.
78,571
0.1
153,100 
Sinoma
International
Engineering
Co.
-
Class
A
221,704
0.2
61,200 
Sinopharm
Group
Co.
Ltd.
-
Class
H
160,424
0.1
42,500 
Sinotruk
Hong
Kong
Ltd.
117,722
0.1
43,100 
TBEA
Co.
Ltd.
-
Class
A
81,312
0.1
97,000 
Tencent
Holdings
Ltd.
5,009,396
4.7
10,560 
Tencent
Music
Entertainment
Group,
ADR
120,490
0.1
120,800 
Tian
Di
Science
&
Technology
Co.
Ltd.
-
Class
A
100,198
0.1
36,600 
Tianqi
Lithium
Corp.
-
Class
A
194,187
0.2
344,000 
(1)
Topsports
International
Holdings
Ltd.
108,481
0.1
7,488 
Vipshop
Holdings
Ltd.,
ADR
103,409
0.1
197,000 
Weichai
Power
Co.
Ltd.
-
Class
H
273,172
0.3
94,500 
Western
Mining
Co.
Ltd.
-
Class
A
221,814
0.2
3,700 
Wuliangye
Yibin
Co.
Ltd.
-
Class
A
75,578
0.1
192,600 
(1)(2)
Xiaomi
Corp.
-
Class
B
693,183
0.6
12,100 
Yealink
Network
Technology
Corp.
Ltd.
-
Class
A
63,709
0.1
70,800 
Yutong
Bus
Co.
Ltd.
-
Class
A
214,603
0.2
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
China
(continued)
54,400 
Zhejiang
Chint
Electrics
Co.
Ltd.
-
Class
A
$
171,503
0.2
91,200 
Zhejiang
Longsheng
Group
Co.
Ltd.
-
Class
A
128,278
0.1
19,000 
Zhejiang
NHU
Co.
Ltd.
-
Class
A
57,300
0.1
79,200 
Zhuzhou
CRRC
Times
Electric
Co.
Ltd.
-
Class
H
281,224
0.3
57,200 
ZTE
Corp.
-
Class
H
139,771
0.1
26,071,405
24.4
Colombia
:
0.2%
61,660 
Interconexion
Electrica
SA
ESP
233,668
0.2
Egypt
:
0.2%
451,351 
Eastern
Co.
SAE
246,928
0.2
Greece
:
1.4%
168,142 
Alpha
Services
and
Holdings
SA
261,510
0.2
155,568 
Eurobank
Ergasias
Services
and
Holdings
SA
329,904
0.3
36,712 
National
Bank
of
Greece
SA
259,166
0.2
5,137 
OPAP
SA
84,278
0.1
80,766 
Piraeus
Financial
Holdings
SA
296,983
0.3
21,767 
Public
Power
Corp.
SA
263,763
0.3
1,495,604
1.4
Hong
Kong
:
1.4%
60,000 
Beijing
Enterprises
Holdings
Ltd.
189,160
0.2
622,000 
Bosideng
International
Holdings
Ltd.
324,782
0.3
158,000 
China
Merchants
Port
Holdings
Co.
Ltd.
250,569
0.2
104,000 
China
Overseas
Land
&
Investment
Ltd.
179,699
0.2
494,000 
Far
East
Horizon
Ltd.
333,355
0.3
550,000 
Sino
Biopharmaceutical
Ltd.
231,723
0.2
1,509,288
1.4
Hungary
:
0.4%
15,631 
Richter
Gedeon
Nyrt
415,774
0.4
India
:
18.3%
3,444 
ABB
India
Ltd.
303,227
0.3
18,424 
Adani
Ports
&
Special
Economic
Zone
Ltd.
260,412
0.2
1,799 
Apollo
Hospitals
Enterprise
Ltd.
145,590
0.1
18,414 
Aurobindo
Pharma
Ltd.
275,852
0.3
66,623 
Axis
Bank
Ltd.
898,651
0.8
145,249 
Bharat
Electronics
Ltd.
531,375
0.5
20,245 
Bharat
Heavy
Electricals
Ltd.
60,515
0.1
27,035 
Bharti
Airtel
Ltd.
522,041
0.5
11,693 
Cipla
Ltd./India
212,615
0.2
10,956 
Colgate-Palmolive
India
Ltd.
375,237
0.4
PORTFOLIO
OF
INVESTMENTS
as
of
November
30,
2024
(Unaudited)
(continued)
3
Voya
Emerging
Markets
High
Dividend
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
India
(continued)
23,554 
DLF
Ltd.
$
230,208
0.2
19,735 
Havells
India
Ltd.
401,938
0.4
38,395 
HCL
Technologies
Ltd.
842,378
0.8
7,171 
(1)
HDFC
Asset
Management
Co.
Ltd.
357,660
0.3
8,721 
HDFC
Bank
Ltd.
186,104
0.2
1,656 
Hero
MotoCorp
Ltd.
93,532
0.1
56,018 
Hindalco
Industries
Ltd.
436,320
0.4
1,116 
Hindustan
Aeronautics
Ltd.
59,338
0.1
116,922 
ICICI
Bank
Ltd.
1,798,925
1.7
5,711 
(1)
ICICI
Lombard
General
Insurance
Co.
Ltd.
125,963
0.1
113,051 
Indian
Oil
Corp.
Ltd.
186,254
0.2
580 
Info
Edge
India
Ltd.
56,782
0.1
32,353 
Infosys
Ltd.
713,535
0.7
58,628 
ITC
Ltd.
331,500
0.3
21,951 
Kotak
Mahindra
Bank
Ltd.
459,888
0.4
22,402 
Larsen
&
Toubro
Ltd.
989,743
0.9
759 
(1)
LTIMindtree
Ltd.
55,601
0.1
14,379 
Lupin
Ltd.
349,386
0.3
2,073 
Maruti
Suzuki
India
Ltd.
272,345
0.3
130,453 
NMDC
Ltd.
356,752
0.3
176,313 
Oil
&
Natural
Gas
Corp.
Ltd.
537,251
0.5
8,942 
Oil
India
Ltd.
52,082
0.0
385 
Oracle
Financial
Services
Software
Ltd.
53,495
0.1
1,893 
PI
Industries
Ltd.
91,228
0.1
5,122 
Pidilite
Industries
Ltd.
185,867
0.2
74,259 
Power
Finance
Corp.
Ltd.
436,125
0.4
177,055 
Power
Grid
Corp.
of
India
Ltd.
691,263
0.6
74,956 
REC
Ltd.
473,734
0.4
50,984 
Reliance
Industries
Ltd.
782,340
0.7
18,703 
Shriram
Finance
Ltd.
669,401
0.6
15,073 
Sun
Pharmaceutical
Industries
Ltd.
318,149
0.3
1,249 
Supreme
Industries
Ltd.
68,834
0.1
23,206 
Tata
Consultancy
Services
Ltd.
1,175,430
1.1
319,524 
Tata
Steel
Ltd.
548,306
0.5
23,006 
Tech
Mahindra
Ltd.
467,450
0.4
11,880 
Torrent
Pharmaceuticals
Ltd.
468,076
0.4
104,110 
Vedanta
Ltd.
560,232
0.5
7,264 
Zydus
Lifesciences
Ltd.
83,227
0.1
19,552,157
18.3
Indonesia
:
1.0%
403,600 
Astra
International
Tbk
PT
130,026
0.1
1,062,700 
Bank
Central
Asia
Tbk
PT
670,685
0.6
214,000 
Bank
Negara
Indonesia
Persero
Tbk
PT
67,349
0.1
469,500 
Indah
Kiat
Pulp
&
Paper
Tbk
PT
215,066
0.2
1,083,126
1.0
Ireland
:
0.8%
9,361 
(2)
PDD
Holdings,
Inc.,
ADR
903,898
0.8
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Luxembourg
:
0.3%
10,965 
Reinet
Investments
SCA
$
294,325
0.3
Malaysia
:
2.0%
270,100 
AMMB
Holdings
Bhd
327,555
0.3
126,300 
Axiata
Group
Bhd
66,558
0.1
360,100 
Genting
Bhd
303,242
0.3
722,800 
Genting
Malaysia
Bhd
351,489
0.3
45,700 
Hong
Leong
Bank
Bhd
212,737
0.2
82,300 
Malayan
Banking
Bhd
188,853
0.2
424,800 
Public
Bank
Bhd
427,391
0.4
218,000 
Sime
Darby
Bhd
111,928
0.1
172,600 
YTL
Power
International
Bhd
132,359
0.1
2,122,112
2.0
Mexico
:
1.8%
207,400 
Alfa
SAB
de
CV
-
Class
A
157,294
0.2
168,900 
America
Movil
SAB
de
CV
125,598
0.1
123,600 
(1)
Banco
del
Bajio
SA
261,788
0.2
10,100 
Coca-Cola
Femsa
SAB
de
CV
80,636
0.1
313,478 
Fibra
Uno
Administracion
SA
de
CV
327,960
0.3
7,600 
Grupo
Financiero
Banorte
SAB
de
CV
-
Class
O
50,988
0.1
165,509 
Kimberly-Clark
de
Mexico
SAB
de
CV
-
Class
A
225,681
0.2
263,300 
Orbia
Advance
Corp.
SAB
de
CV
236,409
0.2
153,614 
Wal-Mart
de
Mexico
SAB
de
CV
408,779
0.4
1,875,133
1.8
Peru
:
0.1%
324 
Credicorp
Ltd.
60,092
0.1
Philippines
:
0.6%
222,300 
Ayala
Land,
Inc.
108,584
0.1
30,650 
International
Container
Terminal
Services,
Inc.
193,409
0.2
132,800 
JG
Summit
Holdings,
Inc.
50,006
0.0
148,490 
Metropolitan
Bank
&
Trust
Co.
193,254
0.2
3,875 
PLDT,
Inc.
85,913
0.1
631,166
0.6
Poland
:
0.8%
5,927 
Alior
Bank
SA
133,554
0.1
2,775 
Bank
Polska
Kasa
Opieki
SA
92,756
0.1
20 
L.P.
SA
77,307
0.0
21,763 
Powszechna
Kasa
Oszczednosci
Bank
Polski
SA
299,860
0.3
28,230 
Powszechny
Zaklad
Ubezpieczen
SA
307,833
0.3
911,310
0.8
Qatar
:
0.9%
478,152 
Barwa
Real
Estate
Co.
363,425
0.3
444,779 
Mesaieed
Petrochemical
Holding
Co.
187,147
0.2
111,396 
Ooredoo
QPSC
362,243
0.3
PORTFOLIO
OF
INVESTMENTS
as
of
November
30,
2024
(Unaudited)
(continued)
4
Voya
Emerging
Markets
High
Dividend
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Qatar
(continued)
16,776 
Qatar
Fuel
QSC
$
68,237
0.1
981,052
0.9
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 
(3)
Severstal
PAO
—
—
130,134 
(3)
Surgutneftegas
PJSC
—
—
125,422 
(3)
Tatneft
PJSC
—
—
—
—
Saudi
Arabia
:
2.8%
5,795 
Almarai
Co.
JSC
86,249
0.1
99,423 
Arab
National
Bank
505,753
0.5
19,083 
Etihad
Etisalat
Co.
280,386
0.3
41,053 
Sahara
International
Petrochemical
Co.
265,589
0.2
55,795 
Saudi
Awwal
Bank
460,477
0.4
29,885 
Saudi
Basic
Industries
Corp.
548,079
0.5
72,639 
Saudi
National
Bank
627,651
0.6
22,605 
Yanbu
National
Petrochemical
Co.
224,746
0.2
2,998,930
2.8
Singapore
:
0.4%
52,300 
(1)
BOC
Aviation
Ltd.
404,350
0.4
South
Africa
:
2.2%
60,851 
Absa
Group
Ltd.
582,629
0.5
2,390 
Bid
Corp.
Ltd.
58,286
0.0
28,387 
Exxaro
Resources
Ltd.
263,151
0.2
20,922 
Gold
Fields
Ltd.
299,909
0.3
2,240 
Naspers
Ltd.
-
Class
N
505,783
0.5
5,345 
Nedbank
Group
Ltd.
86,027
0.1
54,899 
OUTsurance
Group
Ltd.
197,001
0.2
10,606 
Shoprite
Holdings
Ltd.
174,694
0.2
49,531 
(2)
Sibanye
Stillwater
Ltd.
49,705
0.0
13,520 
Standard
Bank
Group
Ltd.
177,763
0.2
2,394,948
2.2
South
Korea
:
10.4%
1,216 
CJ
CheilJedang
Corp.
230,578
0.2
1,226 
Coway
Co.
Ltd.
58,098
0.0
4,203 
DB
Insurance
Co.
Ltd.
329,749
0.3
5,648 
GS
Holdings
Corp.
170,000
0.2
1,268 
Hana
Financial
Group,
Inc.
56,861
0.0
7,459 
Hankook
Tire
&
Technology
Co.
Ltd.
202,168
0.2
590 
Hanmi
Pharm
Co.
Ltd.
115,625
0.1
6,516 
HD
Hyundai
Co.
Ltd.
364,441
0.3
681 
HD
Hyundai
Electric
Co.
Ltd.
173,032
0.2
2,935 
(2)
HD
Korea
Shipbuilding
&
Offshore
Engineering
Co.
Ltd.
432,296
0.4
1,700 
Hyundai
Mobis
Co.
Ltd.
292,746
0.3
13,177 
Hyundai
Steel
Co.
198,599
0.2
7,915 
KB
Financial
Group,
Inc.
546,650
0.5
7,052 
Kia
Corp.
472,222
0.4
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
South
Korea
(continued)
7,853 
Korea
Investment
Holdings
Co.
Ltd.
$
421,942
0.4
1,613 
Kumho
Petrochemical
Co.
Ltd.
114,680
0.1
1,416 
LG
Chem
Ltd.
289,705
0.3
2,774 
LG
Electronics,
Inc.
179,302
0.2
861 
LG
H&H
Co.
Ltd.
192,453
0.2
29,428 
LG
Uplus
Corp.
244,896
0.2
1,695 
Lotte
Chemical
Corp.
78,653
0.1
17,563 
Mirae
Asset
Securities
Co.
Ltd.
108,106
0.1
39,706 
NH
Investment
&
Securities
Co.
Ltd.
380,610
0.3
1,325 
Samsung
C&T
Corp.
113,647
0.1
806 
Samsung
Electro-
Mechanics
Co.
Ltd.
62,927
0.1
72,751 
Samsung
Electronics
Co.
Ltd.
2,860,804
2.7
1,561 
Samsung
Fire
&
Marine
Insurance
Co.
Ltd.
441,634
0.4
899 
Samsung
Life
Insurance
Co.
Ltd.
69,259
0.1
998 
Samsung
SDS
Co.
Ltd.
105,412
0.1
8,461 
Shinhan
Financial
Group
Co.
Ltd.
324,201
0.3
5,641 
SK
Hynix,
Inc.
658,605
0.6
6,986 
SK
Telecom
Co.
Ltd.
307,547
0.3
3,209 
SK,
Inc.
315,246
0.3
14,687 
Woori
Financial
Group,
Inc.
176,345
0.2
11,089,039
10.4
Taiwan
:
17.7%
73,000 
ASE
Technology
Holding
Co.
Ltd.
346,816
0.3
46,000 
Cheng
Shin
Rubber
Industry
Co.
Ltd.
71,889
0.1
328,000 
Compal
Electronics,
Inc.
374,124
0.3
52,000 
Delta
Electronics,
Inc.
616,508
0.6
52,000 
Evergreen
Marine
Corp.
Taiwan
Ltd.
349,356
0.3
225,000 
Far
Eastern
New
Century
Corp.
232,482
0.2
9,000 
Fortune
Electric
Co.
Ltd.
153,496
0.1
220,000 
Hon
Hai
Precision
Industry
Co.
Ltd.
1,339,732
1.3
90,000 
Inventec
Corp.
137,177
0.1
26,000 
MediaTek,
Inc.
1,020,870
1.0
51,000 
Micro-Star
International
Co.
Ltd.
270,333
0.2
51,000 
President
Chain
Store
Corp.
425,063
0.4
18,000 
Quanta
Computer,
Inc.
163,637
0.1
27,000 
Realtek
Semiconductor
Corp.
398,927
0.4
345,962 
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.
10,780,369
10.1
159,000 
Uni-President
Enterprises
Corp.
415,188
0.4
310,000 
United
Microelectronics
Corp.
420,570
0.4
PORTFOLIO
OF
INVESTMENTS
as
of
November
30,
2024
(Unaudited)
(continued)
5
Voya
Emerging
Markets
High
Dividend
Equity
Fund
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Taiwan
(continued)
3,000 
Voltronic
Power
Technology
Corp.
$
170,959
0.2
420,000 
(2)
Winbond
Electronics
Corp.
208,993
0.2
71,000 
Wistron
Corp.
250,647
0.2
3,000 
Wiwynn
Corp.
181,029
0.2
147,000 
Yang
Ming
Marine
Transport
Corp.
333,144
0.3
81,000 
Zhen
Ding
Technology
Holding
Ltd.
288,166
0.3
18,949,475
17.7
Thailand
:
1.5%
31,100 
Bumrungrad
Hospital
PCL
189,052
0.2
58,400 
Central
Retail
Corp.
PCL
57,297
0.1
81,700 
Kasikornbank
PCL
-
Foreign
358,956
0.3
428,900 
Krung
Thai
Bank
PCL
250,651
0.2
93,600 
PTT
Exploration
&
Production
PCL
348,702
0.3
123,000 
SCB
X
PCL
-
Foreign
410,628
0.4
1,615,286
1.5
Turkey
:
0.1%
11,863 
KOC
Holding
AS
68,554
0.1
United
Arab
Emirates
:
2.7%
242,642 
Abu
Dhabi
Commercial
Bank
PJSC
662,117
0.6
226,236 
Aldar
Properties
PJSC
464,283
0.4
198,450 
Dubai
Islamic
Bank
PJSC
367,644
0.4
279,364 
Emaar
Properties
PJSC
726,762
0.7
115,438 
Emirates
NBD
Bank
PJSC
628,966
0.6
2,849,772
2.7
United
Kingdom
:
0.3%
11,355 
Anglogold
Ashanti
PLC
285,055
0.3
Total
Common
Stock
(Cost
$91,752,230)
102,420,500
95.9
EXCHANGE-TRADED
FUNDS
:
2.7%
66,518 
iShares
MSCI
Emerging
Markets
ETF
2,877,569
2.7
Total
Exchange-Traded
Funds
(Cost
$2,997,934)
2,877,569
2.7
PREFERRED
STOCK
:
1.3%
Brazil
:
1.3%
65,800 
Centrais
Eletricas
Brasileiras
SA
422,350
0.4
36,309 
Cia
Energetica
de
Minas
Gerais
70,787
0.1
42,800 
Itau
Unibanco
Holding
SA
230,332
0.2
103,475 
Petroleo
Brasileiro
SA
673,977
0.6
1,397,446
1.3
Total
Preferred
Stock
(Cost
$1,173,845)
1,397,446
1.3
Total
Long-Term
Investments
(Cost
$95,924,009)
106,695,515
99.9
Shares
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
0.7%
Mutual
Funds
:
0.7%
754,000 
(4)
BlackRock
Liquidity
Funds,
FedFund,
Institutional
Class,
4.530%
(Cost
$754,000)
$
754,000
0.7
Total
Short-Term
Investments
(Cost
$754,000)
$
754,000
0.7
Total
Investments
in
Securities
(Cost
$96,678,009)
$
107,449,515
100.6
Liabilities
in
Excess
of
Other
Assets
(607,994)
(0.6)
Net
Assets
$
106,841,521
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,
2024.
Sector
Diversification
Percentage
of
Net
Assets
Information
Technology
24.3
%
Financials
22.5
Consumer
Discretionary
9.7
Industrials
9.2
Communication
Services
8.9
Materials
6.5
Energy
3.9
Consumer
Staples
3.9
Health
Care
3.8
Exchange-Traded
Funds
2.7
Real
Estate
2.4
Utilities
2.1
Short-Term
Investments
0.7
Liabilities
in
Excess
of
Other
Assets
(0.6)
Net
Assets
100.0%
Portfolio
holdings
are
subject
to
change
daily.
PORTFOLIO
OF
INVESTMENTS
as
of
November
30,
2024
(Unaudited)
(continued)
6
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,
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
November
30,
2024
Asset
Table
Investments,
at
fair
value
Common
Stock
Brazil
$
2,990,857
$
—
$
—
$
2,990,857
Chile
387,196
—
—
387,196
China
1,533,840
24,537,565
—
26,071,405
Colombia
233,668
—
—
233,668
Egypt
246,928
—
—
246,928
Greece
—
1,495,604
—
1,495,604
Hong
Kong
333,355
1,175,933
—
1,509,288
Hungary
—
415,774
—
415,774
India
185,867
19,366,290
—
19,552,157
Indonesia
670,685
412,441
—
1,083,126
Ireland
903,898
—
—
903,898
Luxembourg
—
294,325
—
294,325
Malaysia
—
2,122,112
—
2,122,112
Mexico
1,875,133
—
—
1,875,133
Peru
60,092
—
—
60,092
Philippines
193,409
437,757
—
631,166
Poland
—
911,310
—
911,310
Qatar
617,627
363,425
—
981,052
Russia
—
—
—
—
Saudi
Arabia
828,465
2,170,465
—
2,998,930
Singapore
404,350
—
—
404,350
South
Africa
1,463,176
931,772
—
2,394,948
South
Korea
—
11,089,039
—
11,089,039
Taiwan
—
18,949,475
—
18,949,475
Thailand
410,628
1,204,658
—
1,615,286
Turkey
68,554
—
—
68,554
United
Arab
Emirates
—
2,849,772
—
2,849,772
United
Kingdom
—
285,055
—
285,055
Total
Common
Stock
13,407,728
89,012,772
—
102,420,500
Exchange-Traded
Funds
2,877,569
—
—
2,877,569
Preferred
Stock
1,397,446
—
—
1,397,446
Short-Term
Investments
754,000
—
—
754,000
Total
Investments,
at
fair
value
$
18,436,743
$
89,012,772
$
—
$
107,449,515
Liabilities
Table
Other
Financial
Instruments+
Forward
Foreign
Currency
Contracts
$
—
$
(4)
$
—
$
(4)
Written
Options
—
(251,016)
—
(251,016)
Total
Liabilities
$
—
$
(251,020)
$
—
$
(251,020)
#
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,
2024
(Unaudited)
(continued)
7
Voya
Emerging
Markets
High
Dividend
Equity
Fund
At
November
30,
2024,
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
8,643
EGP
428,783
The
Bank
of
New
York
Mellon
12/02/24
$
(4)
$
(4)
At
November
30,
2024,
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
Royal
Bank
of
Canada
Call
12/20/24
USD
42.950
246,799
USD
10,676,525
$
163,233
$
(116,610)
iShares
MSCI
Emerging
Markets
ETF
Royal
Bank
of
Canada
Call
01/03/25
USD
43.190
245,427
USD
10,617,172
132,506
(134,406)
$
295,739
$
(251,016)
Currency
Abbreviations:
EGP
—
Egyptian
Pound
USD
—
United
States
Dollar
Net
unrealized
appreciation
consisted
of:
Gross
Unrealized
Appreciation
$
22,653,506
Gross
Unrealized
Depreciation
(11,891,560)
Net
Unrealized
Appreciation
$
10,761,946
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