PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
1
VY
®
JPMorgan
Small
Cap
Core
Equity
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK
:
97.6%
Communication
Services
:
1.0%
10,742
(1)
Cars.com,
Inc.
$
181,110
0.0
12,707
(1)
EchoStar
Corp.
- Class
A
212,842
0.1
10,569
(1)
Gogo,
Inc.
126,088
0.0
14,891
Gray
Television,
Inc.
103,046
0.0
14,008
(1)
Integral
Ad
Science
Holding
Corp.
166,555
0.0
4,264
Iridium
Communications,
Inc.
193,969
0.1
7,477
John
Wiley
&
Sons,
Inc.
- Class
A
277,920
0.1
63,570
(1)
Liberty
Latin
America
Ltd.
- Class
C
518,731
0.1
28,819
(1)
Lions
Gate
Entertainment
Corp.
- Class
A
244,385
0.1
19,619
(1)
Magnite,
Inc.
147,927
0.0
27,800
(1)
Ooma,
Inc.
361,678
0.1
17,104
(1)
QuinStreet,
Inc.
153,423
0.0
10,334
Shutterstock,
Inc.
393,209
0.1
15,436
(1)
Thryv
Holdings,
Inc.
289,734
0.1
18,164
(1)
Yelp,
Inc.
755,441
0.2
4,126,058
1.0
Consumer
Discretionary
:
9.0%
14,329
Aaron's
Co.,
Inc.
150,025
0.0
8,059
(1)
Abercrombie
&
Fitch
Co.
- Class
A
454,286
0.1
57,949
Acushnet
Holdings
Corp.
3,073,615
0.7
21,825
(1)
Adient
PLC
800,977
0.2
95,714
(1)
American
Axle
&
Manufacturing
Holdings,
Inc.
694,884
0.2
2,822
(1)
Asbury
Automotive
Group,
Inc.
649,258
0.2
23,315
Bloomin'
Brands,
Inc.
573,316
0.1
22,242
Bluegreen
Vacations
Holding
Corp.
815,837
0.2
9,771
(1)
Boot
Barn
Holdings,
Inc.
793,307
0.2
11,236
Boyd
Gaming
Corp.
683,486
0.2
32,848
(1)
Bright
Horizons
Family
Solutions,
Inc.
2,675,798
0.6
34,208
Brunswick
Corp.
2,702,432
0.6
20,072
(1)(2)
Cava
Group,
Inc.
614,805
0.1
13,477
(1)
Crocs,
Inc.
1,189,076
0.3
3,827
Dine
Brands
Global,
Inc.
189,245
0.0
2,764
(1)
Duolingo,
Inc.
458,465
0.1
26,537
(1)
Everi
Holdings,
Inc.
350,819
0.1
956
Group
1
Automotive,
Inc.
256,887
0.1
11,516
(1)
Hilton
Grand
Vacations,
Inc.
468,701
0.1
2,558
(1)
Kura
Sushi
USA,
Inc.
- Class
A
169,135
0.0
38,501
(1)
Landsea
Homes
Corp.
346,124
0.1
17,187
LCI
Industries
2,018,098
0.5
1,610
Lear
Corp.
216,062
0.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Consumer
Discretionary:
(continued)
3,242
(1)
LGI
Homes,
Inc.
$
322,547
0.1
770
Lithia
Motors,
Inc.
227,404
0.1
5,237
Marriott
Vacations
Worldwide
Corp.
526,999
0.1
6,862
Meritage
Homes
Corp.
839,840
0.2
21,613
Monarch
Casino
&
Resort,
Inc.
1,342,167
0.3
13,144
(1)
ODP
Corp.
606,596
0.1
41,790
(1)
Planet
Fitness,
Inc.
- Class
A
2,055,232
0.5
25,409
Rent-A-Center,
Inc.
748,295
0.2
56,732
(1)
Savers
Value
Village,
Inc.
1,059,186
0.2
24,460
(1)
SeaWorld
Entertainment,
Inc.
1,131,275
0.3
11,892
Signet
Jewelers
Ltd.
853,964
0.2
3,559
(1)
Skyline
Champion
Corp.
226,779
0.1
107,222
(1)
Sonos,
Inc.
1,384,236
0.3
11,212
Steven
Madden
Ltd.
356,205
0.1
37,723
(1)
Taylor
Morrison
Home
Corp.
1,607,377
0.4
19,522
(1)
Tri
Pointe
Homes,
Inc.
533,927
0.1
2,801
(1)
Visteon
Corp.
386,734
0.1
133,470
Wendy's
Co.
2,724,123
0.6
2,436
Wingstop,
Inc.
438,090
0.1
4,037
(1)
XPEL,
Inc.
311,293
0.1
38,026,907
9.0
Consumer
Staples
:
6.2%
8,575
Andersons,
Inc.
441,698
0.1
4,734
(1)
BellRing
Brands,
Inc.
195,183
0.1
62,733
(1)
BJ's
Wholesale
Club
Holdings,
Inc.
4,477,254
1.1
11,483
Casey's
General
Stores,
Inc.
3,117,864
0.7
25,136
(1)
Central
Garden
&
Pet
Co.
- Class
A
1,007,702
0.2
514
Coca-Cola
Consolidated,
Inc.
327,068
0.1
6,108
(1)
Darling
Ingredients,
Inc.
318,838
0.1
18,572
Edgewell
Personal
Care
Co.
686,421
0.2
13,514
(1)
elf
Beauty,
Inc.
1,484,243
0.4
29,028
(1)(2)
Freshpet,
Inc.
1,912,365
0.5
39,427
(1)
Herbalife
Ltd.
551,584
0.1
30,124
(1)
Hostess
Brands,
Inc.
1,003,430
0.2
5,164
John
B
Sanfilippo
&
Son,
Inc.
510,203
0.1
6,368
Medifast,
Inc.
476,645
0.1
6,018
(1)(2)
Oddity
Tech
Ltd.
- Class
A
170,610
0.0
53,104
(1)
Performance
Food
Group
Co.
3,125,701
0.7
217,137
Primo
Water
Corp.
2,996,491
0.7
10,622
SpartanNash
Co.
233,684
0.1
37,713
(1)
United
Natural
Foods,
Inc.
533,262
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
2
VY
®
JPMorgan
Small
Cap
Core
Equity
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Consumer
Staples:
(continued)
8,401
(1)
USANA
Health
Sciences,
Inc.
$
492,383
0.1
139,595
Utz
Brands,
Inc.
1,874,761
0.5
10,539
(1)
Vital
Farms,
Inc.
122,042
0.0
26,059,432
6.2
Energy
:
3.8%
6,000
California
Resources
Corp.
336,060
0.1
24,088
ChampionX
Corp.
858,015
0.2
3,874
Chord
Energy
Corp.
627,859
0.1
2,881
(2)
Civitas
Resources,
Inc.
232,986
0.1
9,091
(1)
CNX
Resources
Corp.
205,275
0.0
1,225
CONSOL
Energy,
Inc.
128,515
0.0
7,923
CVR
Energy,
Inc.
269,620
0.1
13,306
Delek
US
Holdings,
Inc.
378,023
0.1
8,321
Dorian
LPG
Ltd.
239,062
0.1
37,451
DT
Midstream,
Inc.
1,981,907
0.5
8,940
(1)
Green
Plains,
Inc.
269,094
0.1
959
(1)
Gulfport
Energy
Corp.
113,795
0.0
2,312
Helmerich
&
Payne,
Inc.
97,474
0.0
50,663
Liberty
Energy,
Inc.
938,279
0.2
8,522
Magnolia
Oil
&
Gas
Corp.
- Class
A
195,239
0.0
20,825
Matador
Resources
Co.
1,238,671
0.3
23,306
Murphy
Oil
Corp.
1,056,927
0.3
16,360
Noble
Corp.
PLC
828,634
0.2
3,131
Northern
Oil
and
Gas,
Inc.
125,960
0.0
18,349
(1)
Oceaneering
International,
Inc.
471,936
0.1
26,527
(1)
Oil
States
International,
Inc.
222,031
0.1
15,820
Ovintiv,
Inc.
752,557
0.2
65,283
Patterson-UTI
Energy,
Inc.
903,517
0.2
9,173
PBF
Energy,
Inc.
- Class
A
491,031
0.1
3,510
Peabody
Energy
Corp.
91,225
0.0
3,776
(1)
REX
American
Resources
Corp.
153,759
0.0
20,241
Select
Water
Solutions,
Inc.
160,916
0.0
33,656
S.M.
Energy
Co.
1,334,460
0.3
7,990
Teekay
Tankers
Ltd.
- Class
A
332,624
0.1
2,944
(1)
Valaris
Ltd.
220,741
0.1
7,655
(1)
Weatherford
International
PLC
691,476
0.2
15,947,668
3.8
Financials
:
16.3%
7,056
(1)
American
Equity
Investment
Life
Holding
Co.
378,484
0.1
13,802
Ameris
Bancorp
529,859
0.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Financials:
(continued)
77,816
(1)
AssetMark
Financial
Holdings,
Inc.
$
1,951,625
0.5
10,895
(1)
Avantax,
Inc.
278,694
0.1
8,039
(1)
Axos
Financial,
Inc.
304,357
0.1
11,980
Banc
of
California,
Inc.
148,312
0.0
7,590
(1)
Bancorp,
Inc.
261,855
0.1
23,510
Bank
of
NT
Butterfield
&
Son
Ltd.
636,651
0.2
64,096
BankUnited,
Inc.
1,454,979
0.3
8,452
Banner
Corp.
358,196
0.1
12,500
BrightSpire
Capital,
Inc.
78,250
0.0
7,466
(1)
BRP
Group,
Inc.
- Class
A
173,435
0.0
2,787
Business
First
Bancshares,
Inc.
52,284
0.0
17,846
Byline
Bancorp,
Inc.
351,745
0.1
8,293
Capital
City
Bank
Group,
Inc.
247,380
0.1
4,728
Central
Pacific
Financial
Corp.
78,863
0.0
3,084
(1)
Coastal
Financial
Corp.
132,334
0.0
5,202
Columbia
Banking
System,
Inc.
105,601
0.0
42,805
Commerce
Bancshares,
Inc.
2,053,784
0.5
50,942
ConnectOne
Bancorp,
Inc.
908,296
0.2
22,846
Cullen/Frost
Bankers,
Inc.
2,083,784
0.5
34,379
(1)
Customers
Bancorp,
Inc.
1,184,357
0.3
26,639
CVB
Financial
Corp.
441,408
0.1
3,341
Dime
Community
Bancshares,
Inc.
66,686
0.0
22,165
(1)
Donnelley
Financial
Solutions,
Inc.
1,247,446
0.3
3,923
Dynex
Capital,
Inc.
46,841
0.0
34,563
Eastern
Bankshares,
Inc.
433,420
0.1
21,952
(1)
Enova
International,
Inc.
1,116,698
0.3
12,096
Enterprise
Financial
Services
Corp.
453,600
0.1
19,714
Essent
Group
Ltd.
932,275
0.2
19,480
Evercore,
Inc.
- Class
A
2,685,902
0.6
9,470
Federated
Hermes,
Inc.
320,749
0.1
1,238
Financial
Institutions,
Inc.
20,836
0.0
93,408
First
BanCorp/Puerto
Rico
1,257,272
0.3
3,352
First
Bancshares,
Inc.
90,403
0.0
411
First
Citizens
BancShares,
Inc.
- Class
A
567,221
0.1
8,284
First
Commonwealth
Financial
Corp.
101,148
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
3
VY
®
JPMorgan
Small
Cap
Core
Equity
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Financials:
(continued)
96,403
First
Financial
Bancorp
$
1,889,499
0.5
3,091
First
Financial
Corp.
104,507
0.0
102,240
First
Hawaiian,
Inc.
1,845,432
0.4
74,804
First
Interstate
BancSystem,
Inc.
- Class
A
1,865,612
0.4
12,719
First
Merchants
Corp.
353,843
0.1
4,002
First
Mid
Bancshares,
Inc.
106,293
0.0
6,350
FirstCash
Holdings,
Inc.
637,413
0.2
25,235
(1)
Flywire
Corp.
804,744
0.2
6,633
FNB
Corp.
71,570
0.0
1,256
(2)
Hannon
Armstrong
Sustainable
Infrastructure
Capital,
Inc.
26,627
0.0
18,037
Heritage
Commerce
Corp.
152,773
0.0
3,755
HomeTrust
Bancshares,
Inc.
81,371
0.0
34,252
(1)
International
Money
Express,
Inc.
579,886
0.1
18,440
Jackson
Financial,
Inc.
- Class
A
704,777
0.2
7,870
James
River
Group
Holdings
Ltd.
120,805
0.0
6,001
Kinsale
Capital
Group,
Inc.
2,485,194
0.6
5,199
KKR
Real
Estate
Finance
Trust,
Inc.
61,712
0.0
20,071
Ladder
Capital
Corp.
205,928
0.1
1,129
Mercantile
Bank
Corp.
34,897
0.0
17,964
Merchants
Bancorp
497,962
0.1
82,087
MFA
Financial,
Inc.
788,856
0.2
1,184
Mid
Penn
Bancorp,
Inc.
23,834
0.0
1,865
MidWestOne
Financial
Group,
Inc.
37,915
0.0
32,890
Moelis
&
Co.
- Class
A
1,484,326
0.4
7,703
Morningstar,
Inc.
1,804,351
0.4
23,819
(1)
Mr
Cooper
Group,
Inc.
1,275,746
0.3
534
MVB
Financial
Corp.
12,058
0.0
15,083
(1)
NMI
Holdings,
Inc.
- Class
A
408,598
0.1
64,748
OceanFirst
Financial
Corp.
936,904
0.2
27,977
OFG
Bancorp
835,393
0.2
37,944
Old
National
Bancorp
551,706
0.1
22,346
Old
Second
Bancorp,
Inc.
304,129
0.1
8,800
(1)
Open
Lending
Corp.
64,416
0.0
8,664
(1)
Palomar
Holdings,
Inc.
439,698
0.1
13,727
Pathward
Financial,
Inc.
632,677
0.2
5,093
Peapack-Gladstone
Financial
Corp.
130,635
0.0
3,726
PennyMac
Financial
Services,
Inc.
248,152
0.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Financials:
(continued)
15,625
PennyMac
Mortgage
Investment
Trust
$
193,750
0.0
1,896
Peoples
Bancorp,
Inc.
48,120
0.0
3,950
Pinnacle
Financial
Partners,
Inc.
264,808
0.1
3,000
Piper
Sandler
Cos.
435,930
0.1
4,950
PJT
Partners,
Inc.
- Class
A
393,228
0.1
16,986
Popular,
Inc.
1,070,288
0.3
2,670
Premier
Financial
Corp.
45,550
0.0
15,999
(1)
PROG
Holdings,
Inc.
531,327
0.1
7,696
QCR
Holdings,
Inc.
373,410
0.1
29,462
Radian
Group,
Inc.
739,791
0.2
8,200
(1)
Remitly
Global,
Inc.
206,804
0.1
26,935
RLI
Corp.
3,660,197
0.9
37,495
(2)
ServisFirst
Bancshares,
Inc.
1,956,114
0.5
5,690
(1)
Skyward
Specialty
Insurance
Group,
Inc.
155,678
0.0
657
South
Plains
Financial,
Inc.
17,371
0.0
2,809
Southside
Bancshares,
Inc.
80,618
0.0
6,951
SouthState
Corp.
468,219
0.1
82,714
StepStone
Group,
Inc.
- Class
A
2,612,108
0.6
1,454
Stifel
Financial
Corp.
89,334
0.0
3,256
(1)
StoneX
Group,
Inc.
315,572
0.1
1,790
Towne
Bank/
Portsmouth
VA
41,045
0.0
8,529
TriCo
Bancshares
273,184
0.1
2,137
Univest
Financial
Corp.
37,141
0.0
14,703
Veritex
Holdings,
Inc.
263,919
0.1
28,447
Victory
Capital
Holdings,
Inc.
- Class
A
948,423
0.2
1,604
Virtus
Investment
Partners,
Inc.
323,992
0.1
11,718
Washington
Federal,
Inc.
300,215
0.1
18,498
(1)
WEX,
Inc.
3,479,289
0.8
43,670
Wintrust
Financial
Corp.
3,297,085
0.8
68,767,779
16.3
Health
Care
:
13.4%
27,472
(1)
2seventy
bio,
Inc.
107,690
0.0
27,404
(1)
ACADIA
Pharmaceuticals,
Inc.
571,099
0.1
49,795
(1)(2)
ACELYRIN,
Inc.
506,415
0.1
29,904
(1)
Aclaris
Therapeutics,
Inc.
204,842
0.0
3,400
(1)
Adaptive
Biotechnologies
Corp.
18,530
0.0
138,000
(1)
Agiliti,
Inc.
895,620
0.2
36,724
(1)
Alector,
Inc.
237,972
0.1
11,327
(1)
Alkermes
PLC
317,269
0.1
46,271
(1)
Allogene
Therapeutics,
Inc.
146,679
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
4
VY
®
JPMorgan
Small
Cap
Core
Equity
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
30,558
(1)
Allscripts
Healthcare
Solutions,
Inc.
$
401,532
0.1
22,490
(1)
Alphatec
Holdings,
Inc.
291,695
0.1
83,986
(1)
Amicus
Therapeutics,
Inc.
1,021,270
0.2
3,422
(1)
AMN
Healthcare
Services,
Inc.
291,486
0.1
48,792
(1)
Amneal
Pharmaceuticals,
Inc.
205,902
0.0
34,371
(1)
AngioDynamics,
Inc.
251,252
0.1
8,835
(1)
Arrowhead
Pharmaceuticals,
Inc.
237,396
0.1
11,835
(1)
Arvinas,
Inc.
232,439
0.1
131,570
(1)
Atara
Biotherapeutics,
Inc.
194,724
0.0
22,522
(1)
AtriCure,
Inc.
986,464
0.2
3,993
(1)
Axonics,
Inc.
224,087
0.1
11,463
(1)(2)
Axsome
Therapeutics,
Inc.
801,149
0.2
25,745
(1)
Azenta,
Inc.
1,292,142
0.3
5,257
(1)(2)
Beam
Therapeutics,
Inc.
126,431
0.0
1,061
(1)
Biohaven
Ltd.
27,597
0.0
1,011
(1)
Bluebird
Bio,
Inc.
3,073
0.0
4,702
(1)
Blueprint
Medicines
Corp.
236,134
0.1
4,933
(1)
Bridgebio
Pharma,
Inc.
130,083
0.0
21,197
(1)
Catalyst
Pharmaceuticals,
Inc.
247,793
0.1
92,051
(1)
Certara,
Inc.
1,338,422
0.3
6,029
Chemed
Corp.
3,133,271
0.7
13,341
(1)
Cross
Country
Healthcare,
Inc.
330,723
0.1
124,359
(1)
Definitive
Healthcare
Corp.
993,628
0.2
28,768
(1)
Dyne
Therapeutics,
Inc.
257,761
0.1
9,880
(1)
Enanta
Pharmaceuticals,
Inc.
110,360
0.0
56,149
Encompass
Health
Corp.
3,770,967
0.9
72,754
(1)
Envista
Holdings
Corp.
2,028,382
0.5
154,103
(1)
Esperion
Therapeutics,
Inc.
151,021
0.0
57,555
(1)(2)
EyePoint
Pharmaceuticals,
Inc.
459,864
0.1
80,821
(1)
Fate
Therapeutics,
Inc.
171,341
0.0
7,260
(1)
Fulgent
Genetics,
Inc.
194,132
0.0
82,865
(1)
Health
Catalyst,
Inc.
838,594
0.2
60,777
(1)
HealthEquity,
Inc.
4,439,760
1.1
17,304
(1)
ICU
Medical,
Inc.
2,059,349
0.5
33,058
(1)
Immunovant,
Inc.
1,269,097
0.3
6,311
(1)
Inari
Medical,
Inc.
412,739
0.1
29,392
(1)
Inhibrx,
Inc.
539,343
0.1
11,901
(1)
Inmode
Ltd.
362,504
0.1
10,660
(1)
Insmed,
Inc.
269,165
0.1
2,724
(1)
Inspire
Medical
Systems,
Inc.
540,551
0.1
8,950
(1)
Intellia
Therapeutics,
Inc.
282,999
0.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
36,690
(1)
Kura
Oncology,
Inc.
$
334,613
0.1
13,894
(1)
Kymera
Therapeutics,
Inc.
193,127
0.0
16,706
(1)
Lantheus
Holdings,
Inc.
1,160,733
0.3
50,968
(1)
Longboard
Pharmaceuticals,
Inc.
283,382
0.1
3,353
(1)
Madrigal
Pharmaceuticals,
Inc.
489,672
0.1
4,501
(1)
Medpace
Holdings,
Inc.
1,089,827
0.3
33,339
(1)
MeiraGTx
Holdings
PLC
163,695
0.0
9,800
(1)
Merit
Medical
Systems,
Inc.
676,396
0.2
4,917
(1)
Natera,
Inc.
217,577
0.1
9,835
National
HealthCare
Corp.
629,243
0.2
91,261
(1)
Neogen
Corp.
1,691,979
0.4
85,514
(1)
NGM
Biopharmaceuticals,
Inc.
91,500
0.0
5,076
(1)
Omnicell,
Inc.
228,623
0.1
110,715
(1)
OPKO
Health,
Inc.
177,144
0.0
11,086
(1)
OptimizeRx
Corp.
86,249
0.0
28,801
(1)
Option
Care
Health,
Inc.
931,712
0.2
22,775
(1)
Outset
Medical,
Inc.
247,792
0.1
152,149
(1)
Ovid
therapeutics,
Inc.
584,252
0.1
27,748
(1)
PMV
Pharmaceuticals,
Inc.
170,373
0.0
53,083
(1)
Point
Biopharma
Global,
Inc.
354,064
0.1
82,678
(1)
Progyny,
Inc.
2,812,706
0.7
14,557
(1)
Protagonist
Therapeutics,
Inc.
242,811
0.1
10,161
(1)
Prothena
Corp.
PLC
490,268
0.1
8,261
(1)
PTC
Therapeutics,
Inc.
185,129
0.0
6,385
(1)
Quanterix
Corp.
173,289
0.0
28,422
(1)
QuidelOrtho
Corp.
2,075,943
0.5
25,531
(1)(2)
Recursion
Pharmaceuticals,
Inc.
- Class
A
195,312
0.0
32,421
(1)
Relay
Therapeutics,
Inc.
272,661
0.1
22,578
(1)
Replimune
Group,
Inc.
386,310
0.1
30,764
(1)
REVOLUTION
Medicines,
Inc.
851,548
0.2
10,404
(1)
Sage
Therapeutics,
Inc.
214,114
0.1
2,353
(1)
Shockwave
Medical,
Inc.
468,482
0.1
13,842
(1)
SI-BONE,
Inc.
294,004
0.1
20,525
(1)
SpringWorks
Therapeutics,
Inc.
474,538
0.1
5,475
(1)
Surgery
Partners,
Inc.
160,144
0.0
2,402
(1)
Sutro
Biopharma,
Inc.
8,335
0.0
26,464
(1)
Syndax
Pharmaceuticals,
Inc.
384,257
0.1
4,941
(1)
Tenet
Healthcare
Corp.
325,563
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
5
VY
®
JPMorgan
Small
Cap
Core
Equity
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
31,959
(1)
Travere
Therapeutics,
Inc.
$
285,713
0.1
11,648
(1)
Treace
Medical
Concepts,
Inc.
152,705
0.0
10,084
(1)
Twist
Bioscience
Corp.
204,302
0.0
37,757
(1)
Tyra
Biosciences,
Inc.
519,914
0.1
7,150
(1)
Vericel
Corp.
239,668
0.1
42,290
(1)
Viking
Therapeutics,
Inc.
468,150
0.1
39,239
(1)
Xencor,
Inc.
790,666
0.2
678
(1)
Y-mAbs
Therapeutics,
Inc.
3,695
0.0
56,644,918
13.4
Industrials
:
23.2%
35,336
ABM
Industries,
Inc.
1,413,793
0.3
4,901
(1)
Alaska
Air
Group,
Inc.
181,729
0.0
1,015
Albany
International
Corp.
- Class
A
87,574
0.0
9,865
Allient,
Inc.
305,026
0.1
42,546
(1)
API
Group
Corp.
1,103,218
0.3
4,177
Apogee
Enterprises,
Inc.
196,653
0.1
17,717
Applied
Industrial
Technologies,
Inc.
2,739,225
0.7
11,682
ArcBest
Corp.
1,187,475
0.3
13,268
Argan,
Inc.
603,959
0.1
12,141
(1)
Atkore,
Inc.
1,811,316
0.4
73,989
(1)
AZEK
Co.,
Inc.
2,200,433
0.5
21,634
(1)
Beacon
Roofing
Supply,
Inc.
1,669,496
0.4
55,171
(1)
Blade
Air
Mobility,
Inc.
142,893
0.0
9,335
(1)
Bloom
Energy
Corp.
- Class
A
123,782
0.0
3,600
(1)
BlueLinx
Holdings,
Inc.
295,524
0.1
4,819
Boise
Cascade
Co.
496,550
0.1
16,814
Brady
Corp.
- Class
A
923,425
0.2
6,709
Brink's
Co.
487,342
0.1
2,776
(1)
CACI
International,
Inc.
- Class
A
871,470
0.2
39,957
(1)
Casella
Waste
Systems,
Inc.
- Class
A
3,048,719
0.7
12,835
(1)
CBIZ,
Inc.
666,137
0.2
9,811
Comfort
Systems
USA,
Inc.
1,671,893
0.4
48,370
(1)
Core
&
Main,
Inc.
- Class
A
1,395,475
0.3
40,503
Douglas
Dynamics,
Inc.
1,222,381
0.3
111,761
(1)
Driven
Brands
Holdings,
Inc.
1,407,071
0.3
2,204
(2)
Eagle
Bulk
Shipping,
Inc.
92,634
0.0
6,022
Encore
Wire
Corp.
1,098,774
0.3
169,669
First
Advantage
Corp.
2,339,736
0.6
1,981
Forward
Air
Corp.
136,174
0.0
19,054
(1)
Gates
Industrial
Corp.
PLC
221,217
0.1
11,660
(1)
Generac
Holdings,
Inc.
1,270,474
0.3
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Industrials:
(continued)
4,221
(1)
Gibraltar
Industries,
Inc.
$
284,960
0.1
21,562
(1)
GMS,
Inc.
1,379,321
0.3
184,530
(1)
Hayward
Holdings,
Inc.
2,601,873
0.6
9,136
Heidrick
&
Struggles
International,
Inc.
228,583
0.1
4,350
Herc
Holdings,
Inc.
517,389
0.1
11,640
(1)
Heritage-Crystal
Clean,
Inc.
527,874
0.1
248,773
(1)
Hillman
Solutions
Corp.
2,052,377
0.5
12,651
(1)
Hub
Group,
Inc.
- Class
A
993,610
0.2
3,547
(1)
IES
Holdings,
Inc.
233,641
0.1
7,858
(1)
JELD-WEN
Holding,
Inc.
104,983
0.0
39,600
(1)
Joby
Aviation,
Inc.
255,420
0.1
11,162
KBR,
Inc.
657,888
0.2
7,905
Kforce,
Inc.
471,612
0.1
43,732
Knight-Swift
Transportation
Holdings,
Inc.
2,193,160
0.5
14,233
Landstar
System,
Inc.
2,518,387
0.6
16,268
Lincoln
Electric
Holdings,
Inc.
2,957,360
0.7
5,036
Luxfer
Holdings
PLC
65,720
0.0
9,152
(1)
MasTec,
Inc.
658,669
0.2
6,106
Matson,
Inc.
541,724
0.1
42,272
MillerKnoll,
Inc.
1,033,550
0.2
42,298
(1)
MRC
Global,
Inc.
433,555
0.1
23,092
MSA
Safety,
Inc.
3,640,454
0.9
13,843
Mueller
Industries,
Inc.
1,040,440
0.3
11,738
(1)
MYR
Group,
Inc.
1,581,813
0.4
6,757
(1)
NEXTracker,
Inc.
- Class
A
271,361
0.1
84,578
(1)
NOW,
Inc.
1,003,941
0.2
97,615
(1)
Paycor
HCM,
Inc.
2,228,550
0.5
14,551
Primoris
Services
Corp.
476,254
0.1
30,666
(1)
Radiant
Logistics,
Inc.
173,263
0.0
32,442
RB
Global,
Inc.
2,027,625
0.5
15,170
(1)
RBC
Bearings,
Inc.
3,551,752
0.8
10,203
(1)
Resideo
Technologies,
Inc.
161,207
0.0
25,743
Rush
Enterprises,
Inc.
- Class
A
1,051,087
0.3
25,710
Safe
Bulkers,
Inc.
83,300
0.0
70,295
(1)
Shoals
Technologies
Group,
Inc.
- Class
A
1,282,884
0.3
21,018
Simpson
Manufacturing
Co.,
Inc.
3,148,707
0.7
14,920
(1)
SkyWest,
Inc.
625,745
0.2
59,195
(1)
Stericycle,
Inc.
2,646,608
0.6
13,310
(1)
Sterling
Infrastructure,
Inc.
978,019
0.2
2,142
Terex
Corp.
123,422
0.0
6,707
Tetra
Tech,
Inc.
1,019,665
0.2
7,342
(1)
Titan
Machinery,
Inc.
195,150
0.1
25,444
Toro
Co.
2,114,396
0.5
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
6
VY
®
JPMorgan
Small
Cap
Core
Equity
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Industrials:
(continued)
12,496
(1)
TriNet
Group,
Inc.
$
1,455,534
0.3
19,483
(1)
TrueBlue,
Inc.
285,816
0.1
14,093
UFP
Industries,
Inc.
1,443,123
0.3
11,345
UniFirst
Corp.
1,849,348
0.4
14,320
(1)
V2X,
Inc.
739,771
0.2
3,866
Veritiv
Corp.
652,967
0.2
104,481
(1)
Verra
Mobility
Corp.
1,953,795
0.5
7,260
Watts
Water
Technologies,
Inc.
- Class
A
1,254,673
0.3
8,754
WESCO
International,
Inc.
1,259,000
0.3
88,953
(1)
WillScot
Mobile
Mini
Holdings
Corp.
3,699,555
0.9
16,601
Woodward,
Inc.
2,062,840
0.5
98,205,289
23.2
Information
Technology
:
13.0%
31,196
(1)
ACM
Research,
Inc.
- Class
A
564,804
0.1
26,230
Adeia,
Inc.
280,136
0.1
36,796
(1)
Allegro
MicroSystems,
Inc.
1,175,264
0.3
1,921
(1)
Ambarella,
Inc.
101,871
0.0
24,791
(1)
Asana,
Inc.
- Class
A
453,923
0.1
126,034
(1)
AvePoint,
Inc.
846,948
0.2
8,761
(1)
Aviat
Networks,
Inc.
273,343
0.1
20,079
(1)
Avid
Technology,
Inc.
539,523
0.1
7,846
(1)
Axcelis
Technologies,
Inc.
1,279,290
0.3
18,730
Badger
Meter,
Inc.
2,694,685
0.6
6,680
Belden,
Inc.
644,954
0.2
14,973
Benchmark
Electronics,
Inc.
363,245
0.1
9,335
(1)
Blackline,
Inc.
517,812
0.1
40,597
(1)
Box,
Inc.
- Class
A
982,853
0.2
10,147
(1)
Braze,
Inc.
- Class
A
474,169
0.1
5,041
(1)
C3.ai,
Inc.
- Class
A
128,646
0.0
15,647
(1)
Calix,
Inc.
717,258
0.2
2,659
(1)
Cirrus
Logic,
Inc.
196,660
0.0
136,570
(1)
Clearwater
Analytics
Holdings,
Inc.
- Class
A
2,641,264
0.6
15,908
(1)
Cohu,
Inc.
547,872
0.1
10,651
(1)
CommVault
Systems,
Inc.
720,114
0.2
42,604
(1)
Envestnet,
Inc.
1,875,854
0.4
19,876
EVERTEC,
Inc.
738,990
0.2
9,928
(1)
Extreme
Networks,
Inc.
240,357
0.1
16,201
(1)
Fannie
Mae
2,699,411
0.6
22,708
(1)
Guidewire
Software,
Inc.
2,043,720
0.5
117,510
Information
Services
Group,
Inc.
514,694
0.1
430
(1)
Insight
Enterprises,
Inc.
62,565
0.0
30,183
(1)
LiveRamp
Holdings,
Inc.
870,478
0.2
60,664
(1)
MACOM
Technology
Solutions
Holdings,
Inc.
4,948,969
1.2
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Information
Technology:
(continued)
5,876
(1)
MaxLinear,
Inc.
$
130,741
0.0
282
(1)(2)
MicroStrategy,
Inc.
- Class
A
92,575
0.0
51,073
(1)
nCino,
Inc.
1,624,121
0.4
84,435
(1)
nLight,
Inc.
878,124
0.2
20,281
(1)
Novanta,
Inc.
2,909,107
0.7
59,913
(1)
Olo,
Inc.
- Class
A
363,073
0.1
2,759
(1)
Onto
Innovation,
Inc.
351,828
0.1
9,900
(1)
OSI
Systems,
Inc.
1,168,596
0.3
5,639
(1)
PDF
Solutions,
Inc.
182,704
0.0
4,880
(1)
Perficient,
Inc.
282,357
0.1
46,821
Power
Integrations,
Inc.
3,572,911
0.8
7,074
(1)
Q2
Holdings,
Inc.
228,278
0.1
10,692
(1)
Qualys,
Inc.
1,631,065
0.4
21,454
(1)
Rambus,
Inc.
1,196,919
0.3
14,789
(1)
Rapid7,
Inc.
677,040
0.2
60,282
(1)
Repay
Holdings
Corp.
457,540
0.1
37,271
(1)
Riot
Platforms,
Inc.
347,738
0.1
6,565
(1)
ScanSource,
Inc.
198,985
0.0
24,429
(1)
Semtech
Corp.
629,047
0.2
1,572
(1)
Silicon
Laboratories,
Inc.
182,179
0.0
21,799
(1)
SMART
Global
Holdings,
Inc.
530,806
0.1
5,897
(1)
Sprout
Social,
Inc.
- Class
A
294,142
0.1
4,923
(1)
SPS
Commerce,
Inc.
839,913
0.2
12,802
(1)
Squarespace,
Inc.
- Class
A
370,874
0.1
4,104
(1)
Super
Micro
Computer,
Inc.
1,125,399
0.3
8,852
(1)
Ultra
Clean
Holdings,
Inc.
262,639
0.1
115,416
(1)
Unisys
Corp.
398,185
0.1
15,023
(1)
Veeco
Instruments,
Inc.
422,297
0.1
29,504
(1)
Workiva,
Inc.
2,989,935
0.7
35,519
(1)
Xperi,
Inc.
350,217
0.1
16,104
(1)
Zuora,
Inc.
- Class
A
132,697
0.0
54,961,704
13.0
Materials
:
4.2%
6,173
AdvanSix,
Inc.
191,857
0.1
3,090
Alpha
Metallurgical
Resources,
Inc.
802,566
0.2
28,656
AptarGroup,
Inc.
3,583,146
0.9
2,786
(2)
Arch
Resources,
Inc.
475,459
0.1
3,205
(1)
ATI,
Inc.
131,886
0.0
10,133
Avient
Corp.
357,898
0.1
68,490
(1)
Axalta
Coating
Systems
Ltd.
1,842,381
0.4
7,915
Balchem
Corp.
981,777
0.2
9,638
Cabot
Corp.
667,624
0.2
26,649
Commercial
Metals
Co.
1,316,727
0.3
22,670
(1)
Constellium
SE
412,594
0.1
5,836
(1)
Ecovyst,
Inc.
57,426
0.0
2,627
Greif,
Inc.
- Class
A
175,510
0.1
6,712
HB
Fuller
Co.
460,510
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
7
VY
®
JPMorgan
Small
Cap
Core
Equity
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Materials:
(continued)
6,566
(1)
Ingevity
Corp.
$
312,607
0.1
6,410
(1)(2)
Livent
Corp.
118,008
0.0
3,038
Louisiana-Pacific
Corp.
167,910
0.0
2,430
Minerals
Technologies,
Inc.
133,067
0.0
19,440
(1)
O-I
Glass,
Inc.
325,231
0.1
1,367
Olympic
Steel,
Inc.
76,839
0.0
48,319
Orion
SA
1,028,228
0.3
192,423
(1)
Perimeter
Solutions
SA
873,601
0.2
16,286
Quaker
Chemical
Corp.
2,605,760
0.6
4,873
Ryerson
Holding
Corp.
141,756
0.0
4,215
Schnitzer
Steel
Industries,
Inc.
- Class
A
117,388
0.0
2,845
(1)
Summit
Materials,
Inc.
- Class
A
88,593
0.0
8,041
SunCoke
Energy,
Inc.
81,616
0.0
22,366
Tronox
Holdings
PLC
300,599
0.1
17,828,564
4.2
Real
Estate
:
5.3%
23,768
Agree
Realty
Corp.
1,312,944
0.3
50,632
Apple
Hospitality
REIT,
Inc.
776,695
0.2
4,742
Armada
Hoffler
Properties,
Inc.
48,558
0.0
59,987
Brandywine
Realty
Trust
272,341
0.1
15,099
Broadstone
Net
Lease,
Inc.
215,916
0.1
8,539
CareTrust
REIT,
Inc.
175,049
0.0
4,411
Community
Healthcare
Trust,
Inc.
131,007
0.0
14,024
COPT
Defense
Properties
334,192
0.1
62,545
CubeSmart
2,384,841
0.6
196,532
(1)
Cushman
&
Wakefield
PLC
1,497,574
0.4
19,259
DiamondRock
Hospitality
Co.
154,650
0.0
14,583
EastGroup
Properties,
Inc.
2,428,507
0.6
4,215
Equity
Commonwealth
77,430
0.0
13,198
Essential
Properties
Realty
Trust,
Inc.
285,473
0.1
3,674
First
Industrial
Realty
Trust,
Inc.
174,846
0.0
8,853
(1)
Forestar
Group,
Inc.
238,500
0.1
4,386
Global
Medical
REIT,
Inc.
39,342
0.0
2,175
Innovative
Industrial
Properties,
Inc.
164,560
0.0
23,044
Kite
Realty
Group
Trust
493,602
0.1
23,531
L.P.
Industrial
Trust
209,426
0.1
66,081
National
Retail
Properties,
Inc.
2,335,303
0.6
6,048
National
Storage
Affiliates
Trust
191,964
0.0
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Real
Estate:
(continued)
18,478
Phillips
Edison
&
Co.,
Inc.
$
619,752
0.1
44,232
Physicians
Realty
Trust
539,188
0.1
24,009
Piedmont
Office
Realty
Trust,
Inc.
- Class
A
134,931
0.0
18,919
Plymouth
Industrial
REIT,
Inc.
396,353
0.1
11,728
PotlatchDeltic
Corp.
532,334
0.1
26,604
Retail
Opportunity
Investments
Corp.
329,357
0.1
44,270
RLJ
Lodging
Trust
433,403
0.1
7,184
RPT
Realty
75,863
0.0
39,306
Ryman
Hospitality
Properties,
Inc.
3,273,404
0.8
20,805
Sabra
Health
Care
REIT,
Inc.
290,022
0.1
28,677
SITE
Centers
Corp.
353,587
0.1
5,979
SL
Green
Realty
Corp.
223,017
0.1
14,757
STAG
Industrial,
Inc.
509,264
0.1
5,578
Terreno
Realty
Corp.
316,830
0.1
10,670
UMH
Properties,
Inc.
149,593
0.0
7,181
Veris
Residential,
Inc.
118,486
0.0
22,238,104
5.3
Utilities
:
2.2%
6,874
American
States
Water
Co.
540,846
0.1
3,872
Chesapeake
Utilities
Corp.
378,488
0.1
5,365
Clearway
Energy,
Inc.
- Class
A
106,871
0.0
20,196
Clearway
Energy,
Inc.
- Class
C
427,347
0.1
4,771
IDACORP,
Inc.
446,804
0.1
8,571
MGE
Energy,
Inc.
587,199
0.2
8,484
New
Jersey
Resources
Corp.
344,705
0.1
6,475
Northwest
Natural
Holding
Co.
247,086
0.1
46,827
NorthWestern
Corp.
2,250,506
0.5
6,844
ONE
Gas,
Inc.
467,308
0.1
72,312
Portland
General
Electric
Co.
2,927,190
0.7
9,706
(1)(2)
Sunnova
Energy
International,
Inc.
101,622
0.0
10,970
Unitil
Corp.
468,529
0.1
9,294,501
2.2
Total
Common
Stock
(Cost
$407,143,406)
412,100,924
97.6
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
8
VY
®
JPMorgan
Small
Cap
Core
Equity
Portfolio
Shares
Value
Percentage
of
Net
Assets
RIGHTS
:
—%
Health
Care
:
—%
28,260
(3)(4)
Aduro
Biotech
CVR
$
—
—
Total
Rights
(Cost
$—)
—
—
Total
Long-Term
Investments
(Cost
$407,143,406)
412,100,924
97.6
Principal
Amount
†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
4.1%
Repurchase
Agreements
:
1.7%
1,692,196
(5)
Bethesda
Securities
LLC,
Repurchase
Agreement
dated
09/29/2023,
5.390%,
due
10/02/2023
(Repurchase
Amount
$1,692,946,
collateralized
by
various
U.S.
Government
Agency
Obligations,
3.062%-
6.000%,
Market
Value
plus
accrued
interest
$1,726,040,
due
08/01/28-07/01/53)
1,692,196
0.4
1,726,731
(5)
Citigroup
Global
Markets
Inc.,
Repurchase
Agreement
dated
09/29/2023,
5.300%,
due
10/02/2023
(Repurchase
Amount
$1,727,483,
collateralized
by
various
U.S.
Government/U.S.
Government
Agency
Obligations,
0.000%-
7.087%,
Market
Value
plus
accrued
interest
$1,761,266,
due
08/05/25-05/20/72)
1,726,731
0.4
Principal
Amount†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS:
(continued)
Repurchase
Agreements
(continued)
369,997
(5)
Daiwa
Capital
Markets,
Repurchase
Agreement
dated
09/29/2023,
5.320%,
due
10/02/2023
(Repurchase
Amount
$370,159,
collateralized
by
various
U.S.
Government/U.S.
Government
Agency
Obligations,
0.000%-
7.000%,
Market
Value
plus
accrued
interest
$377,420,
due
01/31/24-10/01/53)
$
369,997
0.1
1,709,464
(5)
Industrial
&
Comm.
Bank
of
China,
Repurchase
Agreement
dated
09/29/2023,
5.330%,
due
10/02/2023
(Repurchase
Amount
$1,710,213,
collateralized
by
various
U.S.
Government
Securities,
0.000%-
7.500%,
Market
Value
plus
accrued
interest
$1,743,653,
due
10/31/23-02/15/53)
1,709,464
0.4
1,726,731
(5)
National
Bank
Financial,
Repurchase
Agreement
dated
09/29/2023,
5.340%,
due
10/02/2023
(Repurchase
Amount
$1,727,489,
collateralized
by
various
U.S.
Government
Securities,
0.000%-
4.750%,
Market
Value
plus
accrued
interest
$1,761,266,
due
10/02/23)
1,726,731
0.4
Total
Repurchase
Agreements
(Cost
$7,225,119)
7,225,119
1.7
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
9
VY
®
JPMorgan
Small
Cap
Core
Equity
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
(continued)
Mutual
Funds
:
2.4%
9,954,228
(6)
BlackRock
Liquidity
Funds,
FedFund,
Institutional
Class,
5.240%
(Cost
$9,954,228)
$
9,954,228
2.4
Total
Short-Term
Investments
(Cost
$17,179,347)
$
17,179,347
4.1
Total
Investments
in
Securities
(Cost
$424,322,753)
$
429,280,271
101.7
Liabilities
in
Excess
of
Other
Assets
(7,015,184)
(1.7)
Net
Assets
$
422,265,087
100.0
†
Unless
otherwise
indicated,
principal
amount
is
shown
in
USD.
(1)
Non-income
producing
security.
(2)
Security,
or
a
portion
of
the
security,
is
on
loan.
(3)
For
fair
value
measurement
disclosure
purposes,
security
is
categorized
as
Level
3,
whose
value
was
determined
using
significant
unobservable
inputs.
(4)
Restricted
security
as
to
resale,
excluding
Rule
144A
securities.
As
of
September
30,
2023,
the
Fund
held
restricted
securities
with
a
fair
value
of
$–
or
—%
of
net
assets.
Please
refer
to
the
table
below
for
additional
details.
(5)
All
or
a
portion
of
the
security
represents
securities
purchased
with
cash
collateral
received
for
securities
on
loan.
(6)
Rate
shown
is
the
7-day
yield
as
of
September
30,
2023.
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
10
VY
®
JPMorgan
Small
Cap
Core
Equity
Portfolio
Fair
Value
Measurements
The
following
is
a
summary
of
the
fair
valuations
according
to
the
inputs
used
as
of
September
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
September
30,
2023
Asset
Table
Investments,
at
fair
value
Common
Stock*
$
412,100,924
$
—
$
—
$
412,100,924
Short-Term
Investments
9,954,228
7,225,119
—
17,179,347
Total
Investments,
at
fair
value
$
422,055,152
$
7,225,119
$
—
$
429,280,271
Liabilities
Table
Other
Financial
Instruments+
Futures
$
(181,289)
$
—
$
—
$
(181,289)
Total
Liabilities
$
(181,289)
$
—
$
—
$
(181,289)
*
For
further
breakdown
of
Common
Stock
by
sector,
please
refer
to
the
Portfolio
of
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.
At
September
30,
2023,
VY®
JPMorgan
Small
Cap
Core
Equity
Portfolio
held
the
following
restricted
securities:
Security
Acquisition
Date
Acquisition
Cost
Fair
Value
Aduro
Biotech
CVR
10/6/2020
$
—
$
—
$
—
$
—
At
September
30,
2023,
the
following
futures
contracts
were
outstanding
for
VY®
JPMorgan
Small
Cap
Core
Equity
Portfolio:
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Unrealized
Depreciation
Long
Contracts:
E-mini
Russell
2000
Index
58
12/15/23
$
5,215,940
$
(181,289)
$
5,215,940
$
(181,289)
Net
unrealized
appreciation
consisted
of:
Gross
Unrealized
Appreciation
$
56,763,104
Gross
Unrealized
Depreciation
(51,805,586)
Net
Unrealized
Appreciation
$
4,957,518