# EDGAR Filing Document

**Accession Number:** 0000895430
**File Stem:** 0001752724-23-067950
**Filing Date:** 2023-3
**Character Count:** 37413
**Document Hash:** 229d3acde98ab11216b8fe18f3efc3bf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-067950.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-067950

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Voya MUTUAL FUNDS
- **CENTRAL INDEX KEY:** 0000895430
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07428
- **FILM NUMBER:** 23764165

**BUSINESS ADDRESS:**
- **STREET 1:** 7337 E DOUBLETREE RANCH ROAD, STE 100
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85258
- **BUSINESS PHONE:** 18009920180

**MAIL ADDRESS:**
- **STREET 1:** 7337 E DOUBLETREE RANCH ROAD, STE 100
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85258

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ING MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 20020205

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PILGRIM MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 19990526

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NICHOLAS APPLEGATE MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 19930328

## Series and Classes Contracts Data

### Voya Global Diversified Payment Fund (Series ID: S000066944)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000215423 | Class R6     | VYGUX           |
| C000215424 | Class R      | VYGTX           |
| C000215425 | Class A      | VYGQX           |
| C000215426 | Class C      | VYGRX           |
| C000215427 | Class W      | VYGWX           |
| C000215428 | Class I      | VYGSX           |

## Nport-Ex

<u>Voya Global Diversified Payment Fund</u> PORTFOLIO OF INVESTMENTS <br> <u>as of January 31, 2023 (Unaudited)</u>

---

| | | | |
|:---|:---|:---|:---|
| **Shares** | | **Value** | **Percentage<br> of Net<br> Assets** |
| **EXCHANGE-TRADED FUNDS** **: 15.4%** | **EXCHANGE-TRADED FUNDS** **: 15.4%** | **EXCHANGE-TRADED FUNDS** **: 15.4%** | **EXCHANGE-TRADED FUNDS** **: 15.4%** |
| 56148 | iShares 20+ Year Treasury Bond ETF | $6017381 | 2 |
| 86323 | iShares Russell 1000 Growth ETF | 20033842 | 6.7 |
| 57264 | Schwab U.S. TIPS ETF | 3024112 | 1 |
| 138668 | Vanguard Global ex-U.S. Real Estate ETF | 6122885 | 2 |
| 6891 | Vanguard Mid-Cap ETF | 1516158 | 0.5 |
| 104767 | Vanguard Real Estate ETF | 9540083 | 3.2 |
|  | Total Exchange-Traded Funds |  |  |
|  | (Cost $54,355,479) | **46254461** | **15.4** |
| **MUTUAL FUNDS** **: 83.3%** | **MUTUAL FUNDS** **: 83.3%** | **MUTUAL FUNDS** **: 83.3%** | **MUTUAL FUNDS** **: 83.3%** |
|  | **Affiliated Investment Companies** **: 67.1%** | **Affiliated Investment Companies** **: 67.1%** | **Affiliated Investment Companies** **: 67.1%** |
| 1052346 | Voya Floating Rate Fund - Class I | 8755518 | 2.9 |
| 2747368 | Voya Global Bond Fund - Class R6 | 20660206 | 6.9 |
| 871335 | Voya High Yield Bond Fund - Class R6 | 5942503 | 2 |
| 4818916 | Voya Intermediate Bond Fund - Class R6 | 42551029 | 14.2 |
| 1053649 | Voya Large Cap Value Fund - Class R6 | 13634217 | 4.5 |
| 289359<sup>(1)</sup> | Voya MidCap Opportunities Fund - Class R6 | 6134408 | 2 |
| 1315305 | Voya Multi-Manager Emerging Markets Equity Fund - Class I | 12311251 | 4.1 |
| 2091462 | Voya Multi-Manager International Equity Fund - Class I | 20224434 | 6.7 |
| 4054618 | Voya Multi-Manager International Factors Fund - Class I | 35153536 | 11.7 |
| 658659 | Voya Multi-Manager Mid Cap Value Fund - Class I | 6224332 | 2.1 |
| 621366 | Voya Short Term Bond Fund - Class R6 | 5772489 | 1.9 |
| 669525 | Voya Small Company Fund - Class R6 | 9480477 | 3.2 |
| 1399964 | Voya U.S. High Dividend Low Volatility Fund - Class R6 | 14671621 | 4.9 |
|  |  | **201516021** | **67.1** |
|  | **Unaffiliated Investment Companies** **: 16.2%** | **Unaffiliated Investment Companies** **: 16.2%** | **Unaffiliated Investment Companies** **: 16.2%** |
| 1089841 | TIAA-CREF S&P 500 Index Fund - Institutional Class | **48497942** | **16.2** |
|  | Total Mutual Funds |  |  |
|  | (Cost $289,699,240) | **250013963** | **83.3** |
| **PURCHASED OPTIONS** **<sup>(2)</sup>: 0.0%** | **PURCHASED OPTIONS** **<sup>(2)</sup>: 0.0%** | **PURCHASED OPTIONS** **<sup>(2)</sup>: 0.0%** | **PURCHASED OPTIONS** **<sup>(2)</sup>: 0.0%** |
|  | Total Purchased Options |  |  |
|  | (Cost $20,850) | **20850** | **0.0** |
|  | Total Long-Term Investments |  |  |
|  | (Cost $344,075,569) | **296289274** | **98.7** |
| **SHORT-TERM INVESTMENTS** **: 1.1%** | **SHORT-TERM INVESTMENTS** **: 1.1%** | **SHORT-TERM INVESTMENTS** **: 1.1%** | **SHORT-TERM INVESTMENTS** **: 1.1%** |
|  | **Mutual Funds** **: 1.1%** | **Mutual Funds** **: 1.1%** | **Mutual Funds** **: 1.1%** |
| 3218476<sup>(3)</sup> | BlackRock Liquidity Funds, FedFund, Institutional Class, 4.070% |  |  |
|  | (Cost $3,218,476) | **3218476** | **1.1** |
|  | Total Short-Term Investments |  |  |
|  | (Cost $3,218,476) | **3218476** | **1.1** |
|  | **Total Investments in Securities** **<br> (Cost $347,294,045)** | $**299507750** | **99.8** |
|  | **Assets in Excess of Other Liabilities** | **727112** | **0.2** |
|  | **Net Assets** | $**300234862** | **100.0** |

---

(1) Non-income producing security.

(2) The tables within the Portfolio of Investments detail
 open purchased options which are non-income producing securities.

(3) Rate shown is the 7-day yield as of January 31, 2023.

<u>Voya Global Diversified Payment Fund</u> PORTFOLIO OF INVESTMENTS <br> <u>as of January 31, 2023 (Unaudited) (Continued)</u>

**Fair Value Measurements**

The following is a summary of the fair valuations according to the inputs used as of January 31, 2023 in valuing the assets and liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Quoted Prices<br> in Active Markets<br> for Identical<br> Investments<br> (Level 1)** | **Significant<br> Other<br> Observable<br> Inputs<br> (Level 2)** | **Significant<br> Unobservable<br> Inputs<br> (Level 3)** | **Fair Value<br> at<br> January 31, 2023** |
| **Asset Table** |  |  |  |  |
| **Investments, at fair value** |  |  |  |  |
| Exchange-Traded Funds | $46254461 | $– | $– | $46254461 |
| Mutual Funds | 250013963 |  |  | 250013963 |
| Purchased Options |  | 20850 |  | 20850 |
| Short-Term Investments | 3218476 | – | – | 3218476 |
| Total Investments, at fair value | $299486900 | $20850 | $– | $299507750 |
| **Other Financial Instruments+** |  |  |  |  |
| Forward Foreign Currency Contracts |  | 644858 |  | 644858 |
| Futures | 1031174 |  |  | 1031174 |
| OTC Swaps | – | 9452 | – | 9452 |
| Total Assets | $300518074 | $675160 | $– | $301193234 |
| **Liabilities Table** |  |  |  |  |
| **Other Financial Instruments+** |  |  |  |  |
| Forward Foreign Currency Contracts | $– | $(119838) | $– | $(119838) |
| Futures | (1170260) |  |  | (1170260) |
| OTC Swaps |  | (191013) |  | (191013) |
| Written Options | – | (255818) | – | (255818) |
| Total Liabilities | $(1170260) | $(566669) | $– | $(1736929) |

---

---

| | |
|:---|:---|
| + | 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. |

---

**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 January 31, 2023, where the following issuers were considered an affiliate:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Issuer | Beginning Fair Value<br> at 10/31/22 | Purchases at Cost | Sales at Cost | Change in Unrealized<br> Appreciation/(Depreciation) | Ending Fair Value<br> at 1/31/23 | Investment Income | Realized<br> Gains/(Losses) | Net Capital Gain<br> Distributions |
| Voya Floating Rate Fund - Class I | $8764667 | $417005 | $(548370) | $122216 | $8755518 | $176881 | $(31149) | $- |
| Voya Global Bond Fund - Class R6 | 20348478 | 206251 | (1814505) | 1919982 | 20660206 | 206240 | (341094) |  |
| Voya High Yield Bond Fund - Class R6 | 6019915 | 172542 | (436827) | 186873 | 5942503 | 90189 | (52231) | 82356 |
| Voya Intermediate Bond Fund - Class R6 | 37264234 | 10212455 | (7183839) | 2258179 | 42551029 | 338662 | 6093 | 574 |
| Voya Large Cap Value Fund - Class R6 | 13613159 | 792291 | (1128571) | 357338 | 13634217 | 51818 | (26950) | 740474 |
| Voya MidCap Opportunities Fund - Class R6 | 6180778 |  | (371999) | 325629 | 6134408 |  | (71554) |  |
| Voya Multi-Manager Emerging Markets Equity Fund - Class I | 5584533 | 6035066 | (707235) | 1398887 | 12311251 | 242067 | (138307) |  |
| Voya Multi-Manager International Equity Fund - Class I | 20441365 | 243437 | (5472192) | 5011824 | 20224434 | 243437 | (1202857) |  |
| Voya Multi-Manager International Factors Fund - Class I | 35233091 | 1236306 | (7433857) | 6117996 | 35153536 | 1236304 | (1140677) |  |
| Voya Multi-Manager Mid Cap Value Fund - Class I | 6094641 | 469521 | (489970) | 150140 | 6224332 | 91426 | (58544) | 378095 |
| Voya Short Term Bond Fund - Class R6 | 5834931 | 4749177 | (4906401) | 94782 | 5772489 | 60203 | 3199 |  |
| Voya Small Company Fund - Class R6 | 9284661 | 40780 | (779288) | 934324 | 9480477 | 40779 | (34185) |  |
| Voya U.S. High Dividend Low Volatility Fund - Class R6 | 15139344 | 1540994 | (1257123) | (751594) | 14671621 | 97190 | (7370) | 1443804 |
|  | $189803797 | $26115825 | $(32530177) | $18126576 | $201516021 | $2875196 | $(3095626) | $2645303 |

---

The financial statements for the above mutual fund[s] can be found at www.sec.gov.

<u>Voya Global Diversified Payment Fund</u> PORTFOLIO OF INVESTMENTS <br> <u>as of January 31, 2023 (Unaudited) (Continued)</u>

At January 31, 2023, the following forward foreign currency contracts were outstanding for Voya Global Diversified Payment Fund:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement Date** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| USD | 18668511 | JPY | 2432800000 | Brown Brothers Harriman & Co. | 02/03/23 | $(23984) |
| SGD | 14400000 | USD | 10713297 | Citibank N.A. | 02/03/23 | $247492 |
| USD | 2890012 | CHF | 2700000 | Citibank N.A. | 02/03/23 | (59493) |
| USD | 4772693 | NOK | 48000000 | Citibank N.A. | 02/03/23 | (36361) |
| CAD | 12900000 | USD | 9447089 | Morgan Stanley Capital Services LLC | 02/03/23 | 248211 |
| NZD | 6900000 | USD | 4311051 | Morgan Stanley Capital Services LLC | 02/03/23 | 149155 |
|  |  |  |  |  |  | $525020 |

---

At January 31, 2023, the following futures contracts were outstanding for Voya Global Diversified Payment Fund:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number<br> of Contracts** | **Expiration<br> Date** | **Notional<br> Amount** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| Long Contracts: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E-mini Russell 2000® Index | 64 | 03/17/23 | $6206080 | $336339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tokyo Price Index (TOPIX) | 70 | 03/09/23 | 10623824 | 544080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Ultra Long Bond | 42 | 03/22/23 | 5953500 | 150755 |
|  |  |  | $22783404 | $1031174 |
| Short Contracts: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EURO STOXX 50® Index | (294) | 03/17/23 | (13331384) | (665173) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MSCI EAFE Index | (29) | 03/17/23 | (3072550) | (143460) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S&P 500® E-Mini | (33) | 03/17/23 | (6748500) | (361627) |
|  |  |  | $(23152434) | $(1170260) |

---

At January 31, 2023, the following OTC total return swaps were outstanding for Voya Global Diversified Payment Fund:

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive<br> Total<br> Return<sup>(1)</sup>** | **Reference<br> Entity** | **Reference <br> Entity <br> Payment <br> Frequency** | **(Pay)/Receive <br> Financing Rate** | **Floating Rate<br> Payment <br> Frequency** | **Counterparty** | **Termination<br> Date** | **Notional Amount** | **Notional Amount** | **Fair<br> Value** | **Upfront<br> Payments<br> Paid/<br> (Received)** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| Receive | JPMorgan JPUSVCO1 Index (2) | Quarterly | (0.06)% | Quarterly | JP Morgan Chase Bank New York | 08/31/23 | USD | 9181712 | $(62188) |  | $(62188) |
| Receive | JPMorgan JPUSVCO2 Index (3) | Quarterly | (0.06)% | Quarterly | JP Morgan Chase Bank New York | 08/31/23 | USD | 15737789 | (113635) |  | (113635) |
| Receive | Morgan Stanley SPX 1-month Volatility Premium Intraday Hedge Index (4) | Quarterly | 0.00% | Quarterly | Morgan Stanley Capital Services | 08/31/23 | USD | 9168479 | 9452 |  | 9452 |
| Receive | Morgan Stanley SPX 2-month Volatility Premium Intraday Hedge Index (5) | Quarterly | 0.00% | Quarterly | Morgan Stanley Capital Services | 08/31/23 | USD | 6772510 | (15190) |  | (15190) |
|  |  |  |  |  |  |  |  |  | $(181561) |  | $(181561) |

---

At January 31, 2023, the following OTC purchased equity options were outstanding for Voya Global Diversified Payment Fund:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Counterparty** | **Expiration<br> Date** | **Exercise<br> Price** | **Exercise<br> Price** | **Number of <br> Contracts** | **Notional Amount** | **Notional Amount** | **Cost** | **Fair Value** |
| S&P 500® Index | UBS AG Call | 02/28/23 | USD | 4229.470 | 1079 | USD | 4386728 | $20850 | $20850 |
|  |  |  |  |  |  |  |  | $20850 | $20850 |

---

<u>Voya Global Diversified Payment Fund</u> PORTFOLIO OF INVESTMENTS <br> <u>as of January 31, 2023 (Unaudited) (Continued)</u>

At January 31, 2023, the following OTC written equity options were outstanding for Voya Global Diversified Payment Fund:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Counterparty** | **Expiration<br> Date** | **Exercise<br> Price** | **Exercise<br> Price** | **Number of<br> Contracts** | **Notional Amount** | **Notional Amount** | **Premiums<br> Received** | **Fair Value** |
| S&P 500® Index | Morgan Stanley Capital Services Call | 02/28/23 | USD | 4137.750 | 2159 | USD | 8777522 | $105264 | $(105264) |
| S&P 500® Index | Morgan Stanley Capital Services Call | 02/28/23 | USD | 4178.520 | 2159 | USD | 8777522 | 70499 | (70499) |
| S&P 500® Index | UBS AG Call | 02/28/23 | USD | 4086.790 | 1079 | USD | 4386728 | 80055 | (80055) |
|  |  |  |  |  |  |  |  | $255818 | $(255818) |

---

<sup>(1)</sup> The Fund will pay or receive the total return of the reference entity depending on whether the return is positive or negative. Where the Fund has elected to receive the total return of the reference entity if positive, it will be responsible for paying the floating rate and the total return of the reference entity, if negative. If the Fund has elected to pay the total return of the reference entity if positive, it will receive the floating rate and the total return of the reference entity, if negative.

---

| | |
|:---|:---|
| Currency Abbreviations | Currency Abbreviations |
| CAD | Canadian Dollar |
| CHF | Swiss Franc |
| JPY | Japanese Yen |
| NZD | New Zealand Dollar |
| SGD | Singapore Dollar |
| USD | United States Dollar |

---

(2) The following table represents the individual positions within the total return swap as of January 31, 2023:

---

| | | |
|:---|:---|:---|
| **Reference Entity** | **Notional Amount\*** | **% of Index** |
| <u>Long Futures Contracts</u> |  |  |
| S&P 500® E-Mini, expires 3/17/23 | $3400206 | 37.03% |
| <u>Written Call Options</u> |  |  |
| S&P 500® Index, Strike Price $4,030, expires 2/17/23 | (139514) | (1.52)% |
| Cash | 5921020 | 64.49% |
| Total Notional Amount | $9181712 | 100% |
| (3) The following table represents the individual positions within the total return swap as of January 31, 2023: | (3) The following table represents the individual positions within the total return swap as of January 31, 2023: | (3) The following table represents the individual positions within the total return swap as of January 31, 2023: |
| **Reference Entity** | **Notional Amount\*** | **% of Index** |
| <u>Long Futures Contracts</u> |  |  |
| S&P 500® E-Mini, expires 3/17/23 | $3066336 | 19.48% |
| <u>Written Call Options</u> |  |  |
| S&P 500® Index, Strike Price $4,180, expires 2/24/23 | (88912) | (0.56)% |
| Cash | 12760365 | 81.08% |
| Total Notional Amount | $15737789 | 100% |

---

<u>Voya Global Diversified Payment Fund</u> PORTFOLIO OF INVESTMENTS <br> <u>as of January 31, 2023 (Unaudited) (Continued)</u>

(4) The following table represents the individual positions within the total return swap as of January 31, 2023:

---

| | | |
|:---|:---|:---|
| **Reference Entity** | **Notional Amount\*** | **% of Index** |
| <u>Long Futures Contracts</u> |  |  |
| S&P 500® E-Mini, expires 3/17/23 | $5660112 | 61.73% |
| <u>Written Call Options</u> |  |  |
| S&P 500® Index, Strike Price $4,015, expires 2/17/23 | (256098) | (2.79)% |
| Cash | 3764465 | 41.06% |
| Total Notional Amount | $9168479 | 100% |

---

(5) The following table represents the individual positions within the total return swap as of January 31, 2023:

---

| | | |
|:---|:---|:---|
| **Reference Entity** | **Notional Amount\*** | **% of Index** |
| <u>Long Futures Contracts</u> |  |  |
| S&P 500® E-Mini, expires 03/17/23 | $3203253 | 47.30% |
| <u>Written Call Options</u> |  |  |
| S&P 500® Index, Strike Price $3,965, expires 02/17/23 | (17350) | (0.26)% |
| S&P 500® Index, Strike Price $3,990, expires 02/17/23 | (7513) | (0.11)% |
| S&P 500® Index, Strike Price $4,010, expires 02/17/23 | (19879) | (0.29)% |
| S&P 500® Index, Strike Price $4,015, expires 02/17/23 | (25594) | (0.37)% |
| S&P 500® Index, Strike Price $4,025, expires 02/17/23 | (5973) | (0.09)% |
| S&P 500® Index, Strike Price $4,030, expires 02/17/23 | (5780) | (0.09)% |
| S&P 500® Index, Strike Price $4,045, expires 02/17/23 | (15375) | (0.23)% |
| S&P 500® Index, Strike Price $4,065, expires 02/17/23 | (8808) | (0.13)% |
| S&P 500® Index, Strike Price $4,080, expires 02/17/23 | (3827) | (0.06)% |
| S&P 500® Index, Strike Price $4,105, expires 02/17/23 | (3073) | (0.05)% |
| S&P 500® Index, Strike Price $4,110, expires 02/17/23 | (2938) | (0.04)% |
| S&P 500® Index, Strike Price $4,115, expires 02/17/23 | (5599) | (0.08)% |
| S&P 500® Index, Strike Price $4,165, expires 03/17/23 | (10300) | (0.15)% |
| S&P 500® Index, Strike Price $4,175, expires 03/17/23 | (3192) | (0.05)% |
| S&P 500® Index, Strike Price $4,205, expires 03/17/23 | (2514) | (0.04)% |
| S&P 500® Index, Strike Price $4,215, expires 03/17/23 | (2320) | (0.03)% |
|  | (140035) | (2.07)% |
| Cash | 3709292 | 54.77% |
| Total Notional Amount | $6772510 | 100% |

---

\* Notional amount represents the fair value of each underlying component (including the financing rate, if any) allocated to each underlying component on a pro-rata basis.

At January 31, 2023, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments on a tax basis were:

---

| | |
|:---|:---|
| Cost for federal income tax purposes was $349,998,300. | Cost for federal income tax purposes was $349,998,300. |
| Net unrealized depreciation consisted of: | Net unrealized depreciation consisted of: |
| &nbsp;&nbsp;&nbsp;Gross Unrealized Appreciation | $2020457 |
| &nbsp;&nbsp;&nbsp;Gross Unrealized Depreciation | (52562451) |
| &nbsp;&nbsp;&nbsp;Net Unrealized Depreciation | $(50541994) |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Voya Mutual Funds

- **b. Investment Company Act file number:** 811-07428

- **c. CIK number of Registrant:** 0000895430

- **d. LEI of Registrant:** 5493002558QOEAVY2M96

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 7337 East Doubletree Ranch Road

  - **City:** Scottsdale

  - **State:** AZ

  - **Foreign country:** US

  - **Zip / Postal Code:** 85258

  - **Telephone number:** 1-800-992-0180

**Item A.2. Information about the Series.**

- **a. Name of Series:** Voya Global Diversified Payment Fund

- **b. EDGAR series identifier (if any):** S000066944

- **c. LEI of Series:** 326ML2LZY4MC5MAESM41

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $302811924.54

**Total Liabilities:** $3458028.10

**Net Assets:** $299353896.44

**Cash Not Reported:** $2553690.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000215425 | 6.05%                | -3.31%               | 5.81%                |
| Class ID C000215423 | 6.14%                | -3.30%               | 5.89%                |
| Class ID C000215426 | 6.08%                | -3.39%               | 5.68%                |
| Class ID C000215427 | 6.17%                | -3.32%               | 5.76%                |
| Class ID C000215424 | 6.16%                | -3.32%               | 5.75%                |
| Class ID C000215428 | 6.14%                | -3.14%               | 5.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1024163.85             | $19892786.70                               |
| Month 2  | $2808419.97              | $-15534049.24                              |
| Month 3  | $-153283.61              | $16898844.66                               |

**Designated Index Information**

- **Index Name:** Fund's Securities Portfolio

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                            | Title                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BROWN BROTHERS HARRIMAN & CO.                   | CURRENCY CONTRACT - USD                         | CUSIP: 000000000<br>LEI: 5493006KMX1VFTPYPW14 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-23983.83    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Voya Large Cap Value Fund                       | Voya Large Cap Value Fund                       | CUSIP: 92913K827<br>LEI: 5493001IKDFUS6PJL512 | Long             | EC               | RF                | US        |   1053649 | NS      | $13634217.10  | 4.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S., INC.                          | ICE US mini MSCI EAFE Index                     | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               | CORP              | US        |       -29 | NC      | $-143460.10   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Voya Multi-Manager Mid Cap Value Fund           | Voya Multi-Manager Mid Cap Value Fund           | CUSIP: 92913K793<br>LEI: U3CVUNSKSS8K2NB6HH07 | Long             | EC               | RF                | US        |    658659 | NS      | $6224331.70   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank, National Association                  | CURRENCY CONTRACT - USD                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-59492.79    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity FedFund                     | BlackRock Liquidity FedFund                     | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |   2970489 | NS      | $2970489.32   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                | CME E-mini Russell 2000 Index                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        64 | NC      | $336339.52    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                | CME E-Mini Standard & Poor's 500 Index          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |       -33 | NC      | $-361627.36   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Voya US High Dividend Low Volatility Fund       | Voya US High Dividend Low Volatility Fund       | CUSIP: 92913K488<br>LEI: 549300JM9MYGEJBGYP69 | Long             | EC               | RF                | US        |   1399964 | NS      | $14671621.04  | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG                                          | S&P 500 INDEX                                   | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               | CORP              | CH        |     -2291 | NC      | $-257259.83   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Voya Intermediate Bond Fund                     | Voya Intermediate Bond Fund                     | CUSIP: 92913L569<br>LEI: 549300FK6EUCD2VZ8U23 | Long             | EC               | RF                | US        |   4805414 | NS      | $42431807.64  | 14.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Voya Global Bond Fund                           | Voya Global Bond Fund                           | CUSIP: 92913W854<br>LEI: 5MM0DBR0YE4H6D47WD26 | Long             | EC               | RF                | US        |   2739532 | NS      | $20601278.50  | 6.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Multi-Manager Emerging Markets Equity Fund | Voya Multi-Manager Emerging Markets Equity Fund | CUSIP: 92913W680<br>LEI: 549300V6D0HVYJ7JYG72 | Long             | EC               | RF                | US        |   1315305 | NS      | $12311251.48  | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION       | TRS JPUSVCO2 INDEX                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DE               | CORP              | US        |         1 | NC      | $-113634.89   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank, National Association                  | CURRENCY CONTRACT - SGD                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $247492.13    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Real Estate ETF                        | VANGUARD REAL ESTATE ETF                        | CUSIP: 922908553<br>LEI: N/A                  | Long             | EC               | RF                | US        |    104767 | NS      | $9540083.02   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Mid-Cap ETF                            | Vanguard Mid-Cap ETF                            | CUSIP: 922908629<br>LEI: N/A                  | Long             | EC               | RF                | US        |      6891 | NS      | $1516157.82   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION       | TRS JPUSVCO1 INDEX                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DE               | CORP              | US        |         1 | NC      | $-62187.55    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Voya High Yield Bond Fund                       | Voya High Yield Bond Fund                       | CUSIP: 92913L528<br>LEI: OTPD0VW0B2EUAT57PE57 | Long             | EC               | RF                | US        |    866992 | NS      | $5912886.79   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                        | TRS MSVMCSPM INDEX                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $9452.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Russell 1000 Growth ETF                 | iShares Russell 1000 Growth ETF                 | CUSIP: 464287614<br>LEI: 549300H1KWQVEKI25E14 | Long             | EC               | RF                | US        |     86323 | NS      | $20033841.84  | 6.69%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 20+ Year Treasury Bond ETF              | iShares 20+ Year Treasury Bond ETF              | CUSIP: 464287432<br>LEI: 549300WWURKS1JGBZU59 | Long             | EC               | RF                | US        |     56148 | NS      | $6017381.16   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OSAKA EXCHANGE,INC                              | TSE TOPIX (Tokyo Price Index)                   | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               | CORP              | JP        |        70 | NC      | $544079.94    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Short Term Bond Fund                       | Voya Short Term Bond Fund                       | CUSIP: 92913L551<br>LEI: 5493006MN6OC470MML96 | Long             | EC               | RF                | US        |    619136 | NS      | $5751775.66   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Global ex-U.S. Real Estate ETF         | Vanguard Global ex-U.S. Real Estate ETF         | CUSIP: 922042676<br>LEI: N/A                  | Long             | EC               | RF                | US        |    138668 | NS      | $6122885.54   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT               | Eurex EURO STOXX 50                             | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               | CORP              | DE        |      -294 | NC      | $-665172.95   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Voya Multi-Manager International Equity Fund    | Voya Multi-Manager International Equity Fund    | CUSIP: 92914A596<br>LEI: 5493000U21RQGM1DSK59 | Long             | EC               | RF                | US        |   2091462 | NS      | $20224433.61  | 6.76%             |  |  |  | No            |                  1 | On Loan: No      |
| TIAA-CREF S&P 500 Index Fund                    | TIAA-CREF S&P 500 Index Fund                    | CUSIP: 87244W714<br>LEI: 549300E43FI8YXBFG523 | Long             | EC               | RF                | US        |   1089841 | NS      | $48497941.77  | 16.20%            |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG                                          | S&P 500 INDEX                                   | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               | CORP              | CH        |     -2291 | NC      | $-367177.02   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| Voya MidCap Opportunities Fund                  | Voya MidCap Opportunities Fund                  | CUSIP: 92913K835<br>LEI: 5493006WTLS1UKT3WV20 | Long             | EC               | RF                | US        |    289359 | NS      | $6134408.09   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC             | CURRENCY CONTRACT - NZD                         | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              | CORP              | US        |         1 | NC      | $149155.25    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                        | TRS MSVMCSP2 INDEX                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-15190.24    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Voya Small Company Fund                         | Voya Small Company Fund                         | CUSIP: 92918A824<br>LEI: 54930063SJ5DSISZGB11 | Long             | EC               | RF                | US        |    669525 | NS      | $9480477.09   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Floating Rate Fund                         | Voya Floating Rate Fund                         | CUSIP: 92913L825<br>LEI: 54930033N6GOK9FB2919 | Long             | EC               | RF                | US        |   1044819 | NS      | $8692896.43   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG                                          | S&P 500 INDEX                                   | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               | CORP              | CH        |      1145 | NC      | $51649.29     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Voya Multi-Manager International Factors Fund   | Voya Multi-Manager International Factors Fund   | CUSIP: 92913W631<br>LEI: GEG7A28RIF20T56E7L98 | Long             | EC               | RF                | US        |   4054618 | NS      | $35153535.60  | 11.74%            |  |  |  | No            |                  1 | On Loan: No      |
| Schwab US TIPS ETF                              | SCHWAB U.S. TIPS ETF                            | CUSIP: 808524870<br>LEI: 5493001H0ESLTZTZWE77 | Long             | EC               | RF                | US        |     57264 | NS      | $3024111.84   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC             | CURRENCY CONTRACT - CAD                         | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              | CORP              | US        |         1 | NC      | $248211.26    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.     | CME Ultra Long Term US Treasury Bond            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        42 | NC      | $150754.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank, National Association                  | CURRENCY CONTRACT - USD                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-36361.20    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                          | S&P 500 INDEX                                   | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               | CORP              | CH        |     -1145 | NC      | $-249432.19   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-17

**Name of Applicant:** Voya Mutual Funds

**Signature:** Tin Bui

**Name of Signer:** Tin Bui

**Title:** Vice President