# EDGAR Filing Document

**Accession Number:** 0001124959
**File Stem:** 0001104659-25-109189
**Filing Date:** 2025-11
**Character Count:** 160264
**Document Hash:** 5910ea5030ba4f98e4e6888c0526ee31
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-109189.hdr.sgml**: 20251110

**ACCESSION NUMBER**: 0001104659-25-109189

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 7

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251110

**DATE AS OF CHANGE**: 20251110

**EFFECTIVENESS DATE**: 20251110

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VOYA CREDIT INCOME FUND
- **CENTRAL INDEX KEY:** 0001124959

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10223
- **FILM NUMBER:** 251466722

**BUSINESS ADDRESS:**
- **STREET 1:** 7337 E. DOUBLETREE RANCH ROAD, STE 100
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85258
- **BUSINESS PHONE:** 4804773000

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Voya SENIOR INCOME FUND
- **DATE OF NAME CHANGE:** 20140421

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ING SENIOR INCOME FUND
- **DATE OF NAME CHANGE:** 20020205

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PILGRIM SENIOR INCOME FUND
- **DATE OF NAME CHANGE:** 20010316

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-CSR

CERTIFIED SHAREHOLDER REPORT OF

REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: **811-10223**

**Voya Credit Income Fund**

(Exact name of registrant as specified in charter)

---

| | |
|:---|:---|
| **7337 East Doubletree Ranch Road, Suite 100, Scottsdale, AZ** | **85258** |
| (Address of principal executive offices) | (Zip code) |

---

**The Corporation Trust Company, 1209 Orange Street, Wilmington, DE 19801**

(Name and address of agent for service)

Registrant's telephone number, including area code: **1-800-992-0180**

Date of fiscal year end: **February 28**

Date of reporting period: **March 1, 2025 to August 31, 2025**

**Item 1. Reports to Stockholders.**

The following is a copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Act (17 CFR 270.30e-1):

![](tm2525803d1_credtincmfdimg01.jpg)

Semi-Annual Report

**August 31, 2025**

**Voya Credit Income Fund**

This report is intended for existing current holders. It is not a prospectus. This information should be read carefully.

---

| | |
|:---|:---|
| ![](tm2525803d1_credtincmfdimg02.jpg) | E-Delivery Sign-up – details inside |

---

---

| | |
|:---|:---|
| **INVESTMENT MANAGEMENT**<br>**voyainvestments.com** | ![](tm2525803d1_credtincmfdimg03.jpg) |

---

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| [Statement of Assets and Liabilities](#va_001) | [1](#va_001) |
| [Statement of Operations](#va_002) | [3](#va_002) |
| [Statements of Changes in Net Assets](#va_003) | [4](#va_003) |
| [Statement of Cash Flows](#va_004) | [5](#va_004) |
| [Financial Highlights](#va_005) | [6](#va_005) |
| [Notes to Financial Statements](#va_006) | [10](#va_006) |
| [Portfolio of Investments](#va_007) | [18](#va_007) |
| [Additional Information](#va_008) | [35](#va_008) |

---

 **Go
Paperless with E-Delivery!**<br>Sign
up now for on-line prospectuses, fund reports, and proxy
statements.<br>Just go to
individuals.voya.com/page/e-delivery, follow the directions and
complete the quick 5 Steps to Enroll.<br>You will
be notified by e-mail when these communications become available on
the internet.<br> <BORDER_TOP>
**PROXY VOTING INFORMATION**

A description of the policies and procedures that the Fund uses to determine how to vote proxies related to portfolio securities is available: (1) without charge, upon request, by calling Shareholder Services toll-free at (800) 992-0180; and (2) on the U.S. Securities and Exchange Commission's ("SEC's") website at www.sec.gov. Information regarding how the Fund voted proxies related to portfolio securities during the most recent 12-month period ended June 30 is available without charge on the Fund's website at https://individuals.voya.com and on the SEC's website at www.sec.gov.

**QUARTERLY PORTFOLIO HOLDINGS**

The Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form NPORT-P. The Fund's Forms NPORT-P are available on the SEC's website at www.sec.gov. The Fund's complete schedule of portfolio holdings is available at: https://individuals.voya.com/product/mutual-fund/prospectuses-reports and without charge upon request from the Fund by calling Shareholder Services toll-free at (800) 992-0180.

STATEMENT OF ASSETS AND LIABILITIES as of August 31, 2025 (Unaudited)

------

---

| | |
|:---|:---|
| **ASSETS:** |  |
| Investments in securities at fair value\* | $124014278 |
| Short-term investments at fair value† | 547291 |
| Cash | 11600 |
| Receivables: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment securities sold | 639391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fund shares sold | 477744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends | 1165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest | 1207826 |
| Prepaid expenses | 61770 |
| Reimbursement due from Investment Adviser | 21479 |
| Other assets | 28002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 127010546 |
| **LIABILITIES:** |  |
| Notes payable | 22258614 |
| Income distribution payable | 728528 |
| Payable for investment securities purchased | 4687974 |
| Payable for investment management fees | 83004 |
| Payable for distribution and shareholder service fees | 20120 |
| Payable to trustees under the deferred compensation plan (Note 9) | 28002 |
| Payable for trustee fees | 250 |
| Other accrued expenses and liabilities | 251373 |
| Unfunded loan commitments (Note 8) | 186373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 28244238 |
| **NET ASSETS** | $98766308 |
| **NET ASSETS WERE COMPRISED OF:** |  |
| Paid-in capital | $221646339 |
| Total distributable loss | (122880031) |
| **NET ASSETS** | $98766308 |
| \* Cost of investments in securities | $123905918 |
| † Cost of short-term investments | $547291 |

---

See Accompanying Notes to Financial Statements

STATEMENT OF ASSETS AND LIABILITIES as of August 31, 2025 (Unaudited)(continued)

------

---

| | |
|:---|:---|
| **Class A** |  |
| Net assets | $87660725 |
| Shares authorized | unlimited |
| Par value | $0.01 |
| Shares outstanding | 9205238 |
| Net asset value and redemption price per share† | $9.52 |
| Maximum offering price per share (2.50%)<sup>(1)</sup> | $9.76 |
| **Class C** |  |
| Net assets | $2405138 |
| Shares authorized | unlimited |
| Par value | $0.01 |
| Shares outstanding | 253334 |
| Net asset value and redemption price per share† | $9.49 |
| **Class I** |  |
| Net assets | $5941656 |
| Shares authorized | unlimited |
| Par value | $0.01 |
| Shares outstanding | 627080 |
| Net asset value and redemption price per share | $9.48 |
| **Class W** |  |
| Net assets | $2758789 |
| Shares authorized | unlimited |
| Par value | $0.01 |
| Shares outstanding | 289439 |
| Net asset value and redemption price per share | $9.53 |

---

<sup>(1)</sup> Maximum offering price is computed at 100/97.50 of net asset value. On purchases of $100,000 or more, the offering price is reduced.

<sup>†</sup> Redemption price per share may be reduced for any applicable early withdrawal charge.

See Accompanying Notes to Financial Statements

STATEMENT OF OPERATIONS for the six months ended August 31, 2025 (Unaudited)

------

---

| | |
|:---|:---|
| **INVESTMENT INCOME:** | |
| Dividends | $43120 |
| Interest | 5316153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment income | 5359273 |
| **EXPENSES:** |  |
| Investment management fees | 517742 |
| Distribution and shareholder service fees: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class A | 111471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class C | 10456 |
| Transfer agent fees: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class A | 56114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class C | 1753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class I | 4226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class W | 1778 |
| Shareholder reporting expense | 37649 |
| Registration fees | 30310 |
| Professional fees | 74605 |
| Custody and accounting expense | 15579 |
| Trustee fees | 1252 |
| Proxy and solicitation costs (Note 9) | 20000 |
| Miscellaneous expense | 30018 |
| Interest expense | 859443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 1772396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Waived and reimbursed fees | (136635) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net expenses | 1635761 |
| Net investment income | 3723512 |
| **REALIZED AND UNREALIZED GAIN (LOSS):** |  |
| Net realized loss on investments | (548474) |
| Net change in unrealized appreciation (depreciation) on investments | 195674 |
| Net realized and unrealized loss | (352800) |
| **Increase in net assets resulting from operations** | $3370712 |

---

See Accompanying Notes to Financial Statements

STATEMENTS OF CHANGES IN NET ASSETS

------

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended<br> August 31, 2025<br> (Unaudited)** | **Year Ended <br> February 28, 2025** |
| **FROM OPERATIONS:** |  |  |
| Net investment income | $3723512 | $9015273 |
| Net realized loss | (548474) | (651770) |
| Net change in unrealized appreciation (depreciation) | 195674 | 704007 |
| Increase in net assets resulting from operations | 3370712 | 9067510 |
| **FROM DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |
| Total distributions (excluding return of capital): |  |  |
| &nbsp;&nbsp;&nbsp;Class A | (3696856) | (8425566) |
| &nbsp;&nbsp;&nbsp;Class C | (108541) | (323213) |
| &nbsp;&nbsp;&nbsp;Class I | (263933) | (630849) |
| &nbsp;&nbsp;&nbsp;Class W | (120671) | (272492) |
| Total distributions | (4190001) | (9652120) |
| **FROM CAPITAL SHARE TRANSACTIONS:** |  |  |
| Net proceeds from sale of shares | 2199568 | 4526747 |
| Reinvestment of distributions | 1469452 | 3378745 |
|  | 3669020 | 7905492 |
| Cost of shares redeemed | (8002603) | (18553993) |
| Net decrease in net assets resulting from capital share transactions | (4333583) | (10648501) |
| Net decrease in net assets | (5152872) | (11233111) |
| **NET ASSETS:** |  |  |
| Beginning of year or period | 103919180 | 115152291 |
| End of year or period | $98766308 | $103919180 |

---

See Accompanying Notes to Financial Statements

STATEMENT OF CASH FLOWS for the six months ended August 31, 2025 (Unaudited)

------

---

| | |
|:---|:---|
| **Cash Provided By Operating Activities:** |  |
| Net Increase in net assets resulting from operations | $3370712 |
| Adjustments to reconcile increase in net assets resulting from operations to net cash provided by operating activities: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds on sale of long-term investments | 54001448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchases of long-term investments | (28844297) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net proceeds from sales (purchases) of short-term investments | (272692) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net amortization of premium and accretion of discount on investments | (695698) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain on sale of investments | 548474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net change in unrealized appreciation or depreciation on investments | (195674) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in operating assets and liabilities: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Decrease in receivable for investment securities sold | 626821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Decrease in interest receivable | 191769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase in dividend receivable | (722) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase in reimbursement due from manager | (13570) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Decrease in prepaid expenses | 13895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase in other assets | (2037) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Decrease in payable for investment securities purchased | (5773040) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Decrease in payable for investment management fees | (57569) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase in payable for shareholder service and distribution fees | 546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Decrease in accrued trustee fees | (285) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase in other accrued expenses | 140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Decrease in unfunded loan commitments | (92429) |
| Net cash provided by operating activities | 22805792 |
| **Cash Provided By (Used For) Financing Activities:** |  |
| Total distributions paid to common shareholders (net of reinvestments) | (2443373) |
| Proceeds from capital shares sold | 1933574 |
| Payment on capital shares repurchased | (8002603) |
| Proceeds from notes payable | 22900000 |
| Repayment of notes payable | (37200000) |
| Net cash used for financing activities | (22812402) |
| **Cash:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net decrease in cash | (6610) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash at beginning of year or period | 18210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash at end of year or period | $11600 |
| **Non-Cash Financing Activities:** |  |
| Reinvestment of distributions | $1469452 |
| **Supplemental Disclosure of Cash Flow Information:** |  |
| Cash paid during the year or period for interest expense | $812905 |

---

See Accompanying Notes to Financial Statements

FINANCIAL HIGHLIGHTS

Selected data for a share of beneficial interest outstanding throughout each year or period.

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Per Share Operating Performance** | **Per Share Operating Performance** | **Per Share Operating Performance** | **Per Share Operating Performance** | **Per Share Operating Performance** | **Per Share Operating Performance** | **Per Share Operating Performance** | **Per Share Operating Performance** | | | **Ratios to average<br>net assets after<br>reimbursement/<br>recoupment** | **Ratios to average<br>net assets after<br>reimbursement/<br>recoupment** | **Ratios to average<br>net assets after<br>reimbursement/<br>recoupment** | **Ratios to average<br>net assets before<br>reimbursement/<br>recoupment** | **Ratios to average<br>net assets before<br>reimbursement/<br>recoupment** | **Ratios to average<br>net assets before<br>reimbursement/<br>recoupment** |
|  |<br>Net<br>asset<br>value,<br> beginning<br>of year<br>or period | Net<br>investment<br>income<br>(loss) | | Net<br>realized<br>and<br>unrealized<br> gain<br>(loss) | Total<br>from<br>investment<br>operations | Distributions<br>from<br>net<br>investment<br> income | Distributions<br>from<br>net<br>realized<br> gains on<br>investments | Distributions<br>from<br>return of<br> capital | Total<br>distributions | <br>Net<br>asset<br>value,<br>end<br>of year<br>or period | <br>**Total<br> Investment<br>Return<sup>(1)</sup>** | Expenses<br> (before<br>interest<br> and other<br>fees<br> related to<br>revolving<br> credit<br>facility)<br><sup>(2)(3)</sup> | Expenses<br> (with<br>interest<br> and other<br>fees related<br>to revolving<br>credit<br> facility)<br><sup>(2)(3)</sup> | Net<br> investment<br>income<br> (loss)<br><sup>(2)(3)</sup> | Expenses<br> (before<br>interest<br> and other<br>fees<br> related to<br>revolving<br> credit<br>facility<br><sup>(2)</sup> | Expenses<br> (with<br>interest<br> and other<br>fees related<br>to revolving<br>credit<br> facility)<br><sup>(2)</sup> | Net<br> investment<br>income<br> (loss)<br><sup>(2)</sup> |
| Year or<br> period ended | ($) | ($) | | ($) | ($) | ($) | ($) | ($) | ($) | ($) | (%) | (%) | (%) | (%) | (%) | (%) | (%) |
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| 08-31-25<sup>+</sup> | 9.60 | 0.35 | <sup>•</sup> | (0.03) | 0.32 | (0.40) |  |  | (0.40) | 9.52 | **3.38** | 1.54 | 3.25 | 7.36 | 1.81 | 3.52 | 1.80 |
| 02-28-25 | 9.65 | 0.79 | <sup>•</sup> | 0.01 | 0.80 | (0.85) |  |  | (0.85) | 9.60 | **8.56** | 1.44 | 2.99 | 8.18 | 1.75 | 3.30 | 7.88 |
| 02-29-24 | 9.57 | 0.83 | <sup>•</sup> | 0.05 | 0.88 | (0.80) |  |  | (0.80) | 9.65 | **9.60** | 1.38 | 2.50 | 8.59 | 1.68 | 2.80 | 8.28 |
| 02-28-23 | 10.79 | 0.67 | <sup>•</sup> | (1.22) | (0.55) | (0.67) |  |  | (0.67) | 9.57 | **(5.01)** | 1.51 | 2.54 | 6.71 | 1.81 | 2.84 | 6.41 |
| 02-28-22 | 10.91 | 0.44 | <sup>•</sup> | (0.13) | 0.31 | (0.43) |  |  | (0.43) | 10.79 | **2.92** | 1.55 | 2.01 | 4.02 | 1.70 | 2.16 | 3.87 |
| 02-28-21 | 11.51 | 0.40 | <sup>•</sup> | (0.60) | (0.20) | (0.40) |  |  | (0.40) | 10.91 | **(1.39)** | 1.66 | 2.20 | 3.91 | 1.83 | 2.37 | 3.74 |
| 02-29-20 | 12.19 | 0.64 | <sup>•</sup> | (0.63) | 0.01 | (0.69) |  |  | (0.69) | 11.51 | **0.06** | 1.69 | 2.88 | 5.36 | 1.83 | 3.02 | 5.22 |
| 02-28-19 | 12.61 | 0.64 | | (0.38) | 0.26 | (0.68) |  |  | (0.68) | 12.19 | **2.14** | 1.72 | 3.03 | 5.21 | 1.80 | 3.11 | 5.14 |
| 02-28-18 | 12.85 | 0.57 | <sup>•</sup> | (0.17) | 0.40 | (0.50) |  | (0.14) | (0.64) | 12.61 | **3.22** | 1.69 | 2.55 | 4.50 | 1.73 | 2.59 | 4.46 |
| 02-28-17 | 11.85 | 0.67 | | 1.02 | 1.69 | (0.69) |  |  | (0.69) | 12.85 | **14.56** | 1.63 | 2.12 | 5.34 | 1.68 | 2.17 | 5.28 |
| 02-29-16 | 13.15 | 0.70 | | (1.30) | (0.60) | (0.70) |  |  | (0.70) | 11.85 | **(4.77)** | 1.65 | 2.07 | 5.48 | 1.75 | 2.17 | 5.38 |
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| 08-31-25<sup>+</sup> | 9.57 | 0.33 | <sup>•</sup> | (0.04) | 0.29 | (0.37) |  |  | (0.37) | 9.49 | **3.12** | 2.04 | 3.75 | 6.92 | 2.31 | 4.02 | 1.69 |
| 02-28-25 | 9.62 | 0.76 | <sup>•</sup> | (0.01) | 0.75 | (0.80) |  |  | (0.80) | 9.57 | **8.03** | 1.94 | 3.49 | 7.68 | 2.25 | 3.80 | 7.38 |
| 02-29-24 | 9.54 | 0.77 | <sup>•</sup> | 0.07 | 0.84 | (0.76) |  |  | (0.76) | 9.62 | **9.09** | 1.88 | 3.00 | 8.05 | 2.18 | 3.30 | 7.75 |
| 02-28-23 | 10.77 | 0.60 | <sup>•</sup> | (1.21) | (0.61) | (0.62) |  |  | (0.62) | 9.54 | **(5.56)** | 2.01 | 3.04 | 6.03 | 2.31 | 3.34 | 5.73 |
| 02-28-22 | 10.89 | 0.38 | <sup>•</sup> | (0.12) | 0.26 | (0.38) |  |  | (0.38) | 10.77 | **2.41** | 2.05 | 2.51 | 3.49 | 2.20 | 2.66 | 3.34 |
| 02-28-21 | 11.48 | 0.35 | <sup>•</sup> | (0.59) | (0.24) | (0.35) |  |  | (0.35) | 10.89 | **(1.80)** | 2.16 | 2.70 | 3.46 | 2.33 | 2.87 | 3.29 |
| 02-29-20 | 12.16 | 0.60 | <sup>•</sup> | (0.65) | (0.05) | (0.63) |  |  | (0.63) | 11.48 | **(0.44)** | 2.19 | 3.38 | 5.02 | 2.33 | 3.52 | 4.88 |
| 02-28-19 | 12.59 | 0.58 | | (0.39) | 0.19 | (0.62) |  |  | (0.62) | 12.16 | **1.56** | 2.22 | 3.53 | 4.72 | 2.30 | 3.61 | 4.64 |
| 02-28-18 | 12.82 | 0.50 | | (0.15) | 0.35 | (0.44) |  | (0.14) | (0.58) | 12.59 | **2.79** | 2.19 | 3.05 | 4.00 | 2.23 | 3.09 | 3.96 |
| 02-28-17 | 11.83 | 0.61 | | 1.01 | 1.62 | (0.63) |  |  | (0.63) | 12.82 | **13.93** | 2.13 | 2.62 | 4.84 | 2.18 | 2.67 | 4.79 |
| 02-29-16 | 13.13 | 0.63 | | (1.29) | (0.66) | (0.64) |  |  | (0.64) | 11.83 | **(5.27)** | 2.15 | 2.57 | 4.98 | 2.25 | 2.67 | 4.88 |
| **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** |
| 08-31-25<sup>+</sup> | 9.55 | 0.36 | <sup>•</sup> | (0.02) | 0.34 | (0.41) |  |  | (0.41) | 9.48 | **3.61** | 1.29 | 3.00 | 7.62 | 1.57 | 3.28 | 1.86 |
| 02-28-25 | 9.60 | 0.81 | <sup>•</sup> | 0.01 | 0.82 | (0.87) |  |  | (0.87) | 9.55 | **8.84** | 1.19 | 2.74 | 8.44 | 1.49 | 3.04 | 8.13 |
| 02-29-24 | 9.53 | 0.85 | <sup>•</sup> | 0.05 | 0.90 | (0.83) |  |  | (0.83) | 9.60 | **9.81** | 1.13 | 2.25 | 8.84 | 1.43 | 2.55 | 8.53 |
| 02-28-23 | 10.75 | 0.68 | <sup>•</sup> | (1.21) | (0.53) | (0.69) |  |  | (0.69) | 9.53 | **(4.82)** | 1.26 | 2.29 | 6.89 | 1.56 | 2.59 | 6.59 |
| 02-28-22 | 10.86 | 0.46 | <sup>•</sup> | (0.11) | 0.35 | (0.46) |  |  | (0.46) | 10.75 | **3.28** | 1.30 | 1.76 | 4.26 | 1.45 | 1.91 | 4.11 |
| 02-28-21 | 11.46 | 0.43 | <sup>•</sup> | (0.60) | (0.17) | (0.43) |  |  | (0.43) | 10.86 | **(1.14)** | 1.41 | 1.95 | 4.17 | 1.58 | 2.12 | 4.00 |
| 02-29-20 | 12.15 | 0.68 | <sup>•</sup> | (0.65) | 0.03 | (0.72) |  |  | (0.72) | 11.46 | **0.22** | 1.44 | 2.63 | 5.73 | 1.57 | 2.76 | 5.60 |
| 02-28-19 | 12.57 | 0.68 | | (0.39) | 0.29 | (0.71) |  |  | (0.71) | 12.15 | **2.41** | 1.47 | 2.78 | 5.47 | 1.53 | 2.84 | 5.42 |
| 02-28-18 | 12.81 | 0.60 | <sup>•</sup> | (0.17) | 0.43 | (0.53) |  | (0.14) | (0.67) | 12.57 | **3.49** | 1.44 | 2.30 | 4.74 | 1.45 | 2.31 | 4.73 |
| 02-28-17 | 11.82 | 0.69 | | 1.03 | 1.72 | (0.73) |  |  | (0.73) | 12.81 | **14.79** | 1.38 | 1.87 | 5.57 | 1.41 | 1.90 | 5.55 |
| 02-29-16 | 13.12 | 0.72 | | (1.29) | (0.57) | (0.73) |  |  | (0.73) | 11.82 | **(4.54)** | 1.40 | 1.82 | 5.71 | 1.48 | 1.90 | 5.63 |
| **Class W** | **Class W** | **Class W** | **Class W** | **Class W** | **Class W** | **Class W** | **Class W** | **Class W** | **Class W** | **Class W** | **Class W** | **Class W** | **Class W** | **Class W** | **Class W** | **Class W** | **Class W** |
| 08-31-25+ | 9.60 | 0.36 | <sup>•</sup> | (0.02) | 0.34 | (0.41) |  |  | (0.41) | 9.53 | **3.62** | 1.29 | 3.00 | 7.61 | 1.56 | 3.27 | 1.87 |
| 02-28-25 | 9.66 | 0.82 | <sup>•</sup> | (0.01) | 0.81 | (0.87) |  |  | (0.87) | 9.60 | **8.72** | 1.19 | 2.74 | 8.43 | 1.50 | 3.05 | 8.13 |
| 02-29-24 | 9.58 | 0.85 | <sup>•</sup> | 0.06 | 0.91 | (0.83) |  |  | (0.83) | 9.66 | **9.87** | 1.13 | 2.25 | 8.85 | 1.43 | 2.55 | 8.54 |
| 02-28-23 | 10.80 | 0.66 | <sup>•</sup> | (1.18) | (0.52) | (0.70) |  |  | (0.70) | 9.58 | **(4.76)** | 1.26 | 2.29 | 6.57 | 1.56 | 2.59 | 6.26 |
| 02-28-22 | 10.92 | 0.47 | <sup>•</sup> | (0.13) | 0.34 | (0.46) |  |  | (0.46) | 10.80 | **3.17** | 1.30 | 1.76 | 4.26 | 1.45 | 1.91 | 4.11 |
| 02-28-21 | 11.52 | 0.43 | <sup>•</sup> | (0.60) | (0.17) | (0.43) |  |  | (0.43) | 10.92 | **(1.13)** | 1.41 | 1.95 | 4.19 | 1.58 | 2.12 | 4.02 |
| 02-29-20 | 12.20 | 0.68 | | (0.64) | 0.04 | (0.72) |  |  | (0.72) | 11.52 | **0.31** | 1.44 | 2.63 | 5.68 | 1.58 | 2.77 | 5.54 |
| 02-28-19 | 12.62 | 0.67 | | (0.38) | 0.29 | (0.71) |  |  | (0.71) | 12.20 | **2.40** | 1.47 | 2.78 | 5.44 | 1.55 | 2.86 | 5.36 |
| 02-28-18 | 12.86 | 0.60 | | (0.17) | 0.43 | (0.53) |  | (0.14) | (0.67) | 12.62 | **3.47** | 1.44 | 2.30 | 4.76 | 1.48 | 2.34 | 4.72 |

---

See Accompanying Notes to Financial Statements

FINANCIAL HIGHLIGHTS (continued)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Per Share Operating Performance** | **Per Share Operating Performance** | **Per Share Operating Performance** | **Per Share Operating Performance** | **Per Share Operating Performance** | **Per Share Operating Performance** | **Per Share Operating Performance** | **Per Share Operating Performance** | | | **Ratios to average<br>net assets after<br>reimbursement/<br>recoupment** | **Ratios to average<br>net assets after<br>reimbursement/<br>recoupment** | **Ratios to average<br>net assets after<br>reimbursement/<br>recoupment** | **Ratios to average<br>net assets before<br>reimbursement/<br>recoupment** | **Ratios to average<br>net assets before<br>reimbursement/<br>recoupment** | **Ratios to average<br>net assets before<br>reimbursement/<br>recoupment** |
|  |<br>Net<br>asset<br>value,<br> beginning<br>of year<br>or period | Net<br>investment<br>income<br>(loss) |  | Net<br>realized<br>and<br>unrealized<br> gain<br>(loss) | Total<br>from<br>investment<br>operations | Distributions<br>from<br>net<br>investment<br> income | Distributions<br>from<br>net<br>realized<br> gains on<br>investments | Distributions<br>from<br>return of<br> capital | Total<br>distributions | <br>Net<br>asset<br>value,<br>end<br>of year<br>or period | <br>**Total<br> Investment<br>Return<sup>(1)</sup>** | Expenses<br> (before<br>interest<br> and other<br>fees<br> related to<br>revolving<br> credit<br>facility)<br> <sup>(2)(3)</sup> | Expenses<br> (with<br>interest<br> and other<br>fees related<br>to revolving<br>credit<br> facility)<br><sup>(2)(3)</sup> | Net<br> investment<br>income<br> (loss)<br><sup>(2)(3)</sup> | Expenses<br> (before<br>interest<br> and other<br>fees<br> related to<br>revolving<br> credit<br>facility<br><sup>(2)</sup> | Expenses<br> (with<br>interest<br> and other<br>fees related<br>to revolving<br>credit<br> facility)<br><sup>(2)</sup> | Net<br> investment<br>income<br> (loss)<br><sup>(2)</sup> |
| Year or<br> period ended | ($) | ($) |  | ($) | ($) | ($) | ($) | ($) | ($) | ($) | (%) | (%) | (%) | (%) | (%) | (%) | (%) |
| **Class W (continued)** | **Class W (continued)** | **Class W (continued)** | **Class W (continued)** | **Class W (continued)** | **Class W (continued)** | **Class W (continued)** | **Class W (continued)** | **Class W (continued)** | **Class W (continued)** | **Class W (continued)** | **Class W (continued)** | **Class W (continued)** | **Class W (continued)** | **Class W (continued)** | **Class W (continued)** | **Class W (continued)** | **Class W (continued)** |
| 02-28-17 | 11.86 | 0.70 | <sup>•</sup> | 1.03 | 1.73 | (0.73) |  |  | (0.73) | 12.86 | **14.83** | 1.38 | 1.87 | 5.59 | 1.43 | 1.92 | 5.54 |
| 02-29-16 | 13.16 | 0.73 |  | (1.30) | (0.57) | (0.73) |  |  | (0.73) | 11.86 | **(4.52)** | 1.40 | 1.82 | 5.73 | 1.50 | 1.92 | 5.63 |

---

<sup>(1)</sup> Total investment return has been calculated assuming a purchase at the beginning of each period and a sale at the end of each period and assumes reinvestment of dividends and capital gain distributions, if any, on the dividend/distribution date. Total investment return does not include sales load.

<sup>(2)</sup> Annualized for periods less than one year.

<sup>(3)</sup> The Investment Adviser has agreed to limit expenses excluding interest, taxes, brokerage commissions, leverage expenses, other investment related costs and extraordinary expenses, subject to possible recoupment by the Investment Adviser within three years.

<sup>+</sup> Unaudited.

<sup>•</sup> Calculated using average number of shares outstanding throughout the year or period.

See Accompanying Notes to Financial Statements

FINANCIAL HIGHLIGHTS (continued)

Selected data for a share of beneficial interest outstanding throughout each year or period.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Supplemental data** | **Supplemental data** | **Supplemental data** | **Supplemental data** | **Supplemental data** | **Supplemental data** |
|  | Net assets, <br> end of year <br> or period | Portfolio <br> Turnover | Borrowings <br> at end <br> of year <br> or period | Asset coverage<br> per $1,000 of debt | Average<br> borrowings<sup>(1)</sup> | Shares outstanding at end of year or period |
| Year or<br> period ended | ($000's) | (%) | ($000's) | ($) | ($000's) | ($000's) |
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| 08-31-25<sup>+</sup> | 87661 | 22 | 22259 | 5440 | 28308 | 9205 |
| 02-28-25 | 91068 | 81 | 36559 | 3840 | 25775 | 9490 |
| 02-29-24 | 100272 | 66 | 21100 | 6460 | 18760 | 10389 |
| 02-28-23 | 106819 | 68 | 16800 | 8390 | 43588 | 11163 |
| 02-28-22 | 127411 | 76 | 56200 | 3780 | 63085 | 11805 |
| 02-28-21 | 134440 | 44 | 72900 | 3500 | 69828 | 12327 |
| 02-29-20 | 173654 | 45 | 101800 | 3370 | 106324 | 15092 |
| 02-28-19 | 122868 | 60 | 118500 | 3650 | 149594 | 10082 |
| 02-28-18 | 164285 | 88 | 169300 | 3370 | 173235 | 13026 |
| 02-28-17 | 207989 | 69 | 154800 | 4200 | 149897 | 16188 |
| 02-29-16 | 196812 | 44 | 160900 | 3970 | 188201 | 16602 |
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| 08-31-25<sup>+</sup> | 2405 | 22 | 22259 | 5440 | 28308 | 253 |
| 02-28-25 | 3363 | 81 | 36559 | 3840 | 25775 | 352 |
| 02-29-24 | 4666 | 66 | 21100 | 6460 | 18760 | 485 |
| 02-28-23 | 6678 | 68 | 16800 | 8390 | 43588 | 700 |
| 02-28-22 | 11854 | 76 | 56200 | 3780 | 63085 | 1101 |
| 02-28-21 | 27248 | 44 | 72900 | 3500 | 69828 | 2503 |
| 02-29-20 | 40876 | 45 | 101800 | 3370 | 106324 | 3560 |
| 02-28-19 | 145198 | 60 | 118500 | 3650 | 149594 | 11940 |
| 02-28-18 | 175929 | 88 | 169300 | 3370 | 173235 | 13977 |
| 02-28-17 | 214361 | 69 | 154800 | 4200 | 149897 | 16715 |
| 02-29-16 | 220899 | 44 | 160900 | 3970 | 188201 | 18667 |
| **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** |
| 08-31-25<sup>+</sup> | 5942 | 22 | 22259 | 5440 | 28308 | 627 |
| 02-28-25 | 6600 | 81 | 36559 | 3840 | 25775 | 691 |
| 02-29-24 | 7121 | 66 | 21100 | 6460 | 18760 | 742 |
| 02-28-23 | 7486 | 68 | 16800 | 8390 | 43588 | 786 |
| 02-28-22 | 9671 | 76 | 56200 | 3780 | 63085 | 900 |
| 02-28-21 | 11783 | 44 | 72900 | 3500 | 69828 | 1085 |
| 02-29-20 | 13974 | 45 | 101800 | 3370 | 106324 | 1219 |
| 02-28-19 | 29733 | 60 | 118500 | 3650 | 149594 | 2448 |
| 02-28-18 | 34324 | 88 | 169300 | 3370 | 173235 | 2730 |
| 02-28-17 | 46319 | 69 | 154800 | 4200 | 149897 | 3615 |
| 02-29-16 | 33210 | 44 | 160900 | 3970 | 188201 | 2809 |
| **Class W** | **Class W** | **Class W** | **Class W** | **Class W** | **Class W** | **Class W** |
| 08-31-25<sup>+</sup> | 2759 | 22 | 22259 | 5440 | 28308 | 289 |
| 02-28-25 | 2888 | 81 | 36559 | 3840 | 25775 | 301 |
| 02-29-24 | 3093 | 66 | 21100 | 6460 | 18760 | 320 |
| 02-28-23 | 3097 | 68 | 16800 | 8390 | 43588 | 323 |
| 02-28-22 | 7220 | 76 | 56200 | 3780 | 63085 | 669 |
| 02-28-21 | 8850 | 44 | 72900 | 3500 | 69828 | 811 |
| 02-29-20 | 13215 | 45 | 101800 | 3370 | 106324 | 1148 |
| 02-28-19 | 16250 | 60 | 118500 | 3650 | 149594 | 1332 |
| 02-28-18 | 27431 | 88 | 169300 | 3370 | 173235 | 2173 |
| 02-28-17 | 27161 | 69 | 154800 | 4200 | 149897 | 2113 |
| 02-29-16 | 26306 | 44 | 160900 | 3970 | 188201 | 2218 |

---

<sup>(1)</sup> Based on the active days of borrowing

See Accompanying Notes to Financial Statements

FINANCIAL HIGHLIGHTS (continued)

<sup>+</sup> Unaudited.

See Accompanying Notes to Financial Statements

NOTES TO FINANCIAL STATEMENTS as of August 31, 2025 (Unaudited)

------

**NOTE 1 — ORGANIZATION**

Voya Credit Income Fund (the "Fund"), a Delaware statutory trust, is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as a continuously-offered, diversified, closed-end, management investment company. Effective April 2, 2001, the Fund commenced the offering of Class A and Class C shares to the public. Effective April 15, 2008, the Fund commenced the offering of Class I and Class W shares to the public.

The Fund currently has four classes of shares: A, C, I and W. Class A shares are subject to a sales charge of up to 2.50%. Effective June 30, 2020, Class A shares purchased in excess of $500,000 are not subject to a sales charge but are subject to an Early Withdrawal Charge ("EWC") of 1.00% if repurchased by the Fund within one year of purchase. Prior to June 30, 2020, Class A shares purchased in excess of $500,000 were not subject to a sales charge but were subject to an EWC of 1.00% if repurchased by the Fund within six months of purchase. Class C shares are subject to an EWC of 1.00% if repurchased by the Fund within one year of purchase.

Class C shares, along with their pro rata reinvested dividend shares, will automatically convert to Class A shares of the same Fund, after a holding period of 8 years from date of purchase.

To maintain a measure of liquidity, the Fund will offer to repurchase not less than 5% of its outstanding Common Shares on a monthly basis. This is a fundamental policy that cannot be changed without shareholder approval. The Fund may not offer to repurchase more than 25% of its outstanding Common Shares in any calendar quarter. Other than these monthly repurchases, no market for the Fund's Common Shares is expected to exist. The separate classes of shares differ principally in their distribution fees and shareholder servicing fees, as well as differences in the amount of waiver fees and reimbursement of expenses, if any. All shareholders bear the common expenses of the Fund and earn income and realized gains/losses from the portfolio pro rata on the average daily net assets of each class, without distinction between share classes. Differences in the per share dividend rates generally result from differences in separate class expenses, including distribution fees and shareholder servicing fees, if applicable, as well as differences in the amount of waiver of fees and reimbursement of expenses between the share classes, if any.

Voya Investments, LLC ("Voya Investments" or the "Investment Adviser"), an Arizona limited liability company, serves as the Investment Adviser to the Fund. The Investment Adviser has engaged Voya Investment Management Co. LLC ("Voya IM" or the "Sub-Adviser"),

a Delaware limited liability company, to serve as the Sub-Adviser to the Fund.

**NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES**

The Fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Board Codification Topic 946 Financial Services - Investment Companies.

The following significant accounting policies are consistently followed by the Fund in the preparation of its financial statements. The Fund is considered an investment company under U.S. generally accepted accounting principles ("GAAP") and follows the accounting and reporting guidance applicable to investment companies.

A. ***Senior Loan and Other Security Valuation.*** The Fund is open for business every day the New York Stock Exchange ("NYSE") opens for regular trading (each such day, a "Business Day"). The net asset value ("NAV") per share for each class of the Fund is determined each Business Day as of the close of the regular trading session ("Market Close"), as determined by the Consolidated Tape Association ("CTA"), the central distributor of transaction prices for exchange-traded securities (normally 4:00 p.m. Eastern Time unless otherwise designated by the CTA). The NAV per share of each class of the Fund is calculated by taking the value of the Fund's assets attributable to that class, subtracting the Fund's liabilities attributable to that class, and dividing by the number of shares of that class that are outstanding. On days when the Fund is closed for business, Fund shares will not be priced and the Fund does not transact purchase and redemption orders. To the extent the Fund's assets are traded in other markets on days when the Fund does not price its shares, the value of the Fund's assets will likely change and you will not be able to purchase or redeem shares of the Fund.

Portfolio securities for which market quotations are readily available are valued at market value. Investments in open-end registered investment companies that do not trade on an exchange are valued at the end of day NAV per share. The prospectuses of the open-end registered investment companies in which the Fund may invest explain the circumstances under which they will use fair value pricing and the effects of using fair value pricing. Foreign securities' prices are converted into U.S. dollar amounts using the applicable exchange rates as of Market Close.

When a market quotation for a portfolio security is not readily available or is deemed unreliable (for example when trading has been halted or there are unexpected market closures or other material events that would suggest that the market quotation is unreliable) and for purposes of determining the value of other Fund assets, the asset is priced at its fair

NOTES TO FINANCIAL STATEMENTS as of August 31, 2025 (Unaudited) (continued)

------

**NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (continued)**

value. The Board has designated the Investment Adviser, as the valuation designee, to make fair value determinations in good faith. In determining the fair value of the Fund's assets, the Investment Adviser, pursuant to its fair valuation policy, may consider inputs from pricing service providers, broker-dealers, or the Fund's sub-adviser(s). Issuer specific events, transaction price, position size, nature and duration of restrictions on disposition of the security, market trends, bid/ask quotes of brokers and other market data may be reviewed in the course of making a good faith determination of an asset's fair value. Because trading hours for certain foreign securities end before Market Close, closing market quotations may become unreliable. The prices of foreign securities will generally be adjusted based on inputs from an independent pricing service that are intended to reflect valuation changes through the NYSE close. Because of the inherent uncertainties of fair valuation, the values used to determine the Fund's NAV may materially differ from the value received upon actual sale of those investments. Thus, fair valuation may have an unintended dilutive or accretive effect on the value of shareholders' investments in the Fund.

The Fund's financial instruments are valued at the close of the NYSE and are reported at fair value, which GAAP defines as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Various valuation techniques and inputs are used to determine the fair value of financial instruments. GAAP establishes the following fair value hierarchy that categorizes the inputs used to measure fair value:

Level 1 – quoted prices (unadjusted) in active markets for identical financial instruments that the fund can access at the reporting date.

Level 2 – inputs other than Level 1 quoted prices that are observable, either directly or indirectly (including, but not limited to, quoted prices for similar financial instruments in active markets, quoted prices for identical or similar financial instruments in inactive markets, interest rates and yield curves, implied volatilities, and credit spreads).

Level 3 – unobservable inputs (including the fund's own assumptions in determining fair value).

Observable inputs are developed using market data, such as publicly available information about actual events or transactions, and reflect the assumptions that market participants would use to price the financial instrument. Unobservable inputs are those for which market data are

not available and are developed using the best information available about the assumptions that market participants would use to price the financial instrument. GAAP requires valuation techniques to maximize the use of relevant observable inputs and minimize the use of unobservable inputs. When multiple inputs are used to derive fair value, the financial instrument is assigned to the level within the fair value hierarchy based on the lowest-level input that is significant to the fair value of the financial instrument. Input levels are not necessarily an indication of the risk or liquidity associated with financial instruments at that level but rather the degree of judgment used in determining those values.

A table summarizing the Fund's investments under these levels of classification is included within the Portfolio of Investments.

Each investment asset or liability of the Fund is assigned a level at measurement date based on the significance and source of the inputs to its valuation. Quoted prices in active markets for identical securities are classified as "Level 1," inputs other than quoted prices for an asset or liability that are observable are classified as "Level 2" and significant unobservable inputs, including the Sub-Adviser's or Pricing Committee's judgment about the assumptions that a market participant would use in pricing an asset or liability are classified as "Level 3." The inputs used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Short-term securities of sufficient credit quality are generally considered to be Level 2 securities under applicable accounting rules. A table summarizing the Fund's investments under these levels of classification is included within the Portfolio of Investments.

GAAP requires a reconciliation of the beginning to ending balances for reported fair values that presents changes attributable to total realized and unrealized gains or losses, purchases and sales, and transfers in or out of the Level 3 category during the period. A reconciliation of Level 3 investments within the Portfolio of Investments is presented only when the Fund has a significant amount of Level 3 investments.

B. ***Securities Transactions and Revenue Recognition.*** Security transactions and senior loans are accounted for on the trade date (date the order to buy or sell is executed). Realized gains or losses are reported on the basis of identified cost of securities sold. Interest income is recorded on an accrual basis at the then-current loan rate. The accrual of interest on loans is partially or fully discontinued when, in the opinion of management, there is an indication that the borrower may be unable to meet payments as they become due. If determined to be uncollectible, unpaid accrued interest is also written off. Cash collections on non-accrual senior loans are generally applied as a reduction to the recorded investment of the

NOTES TO FINANCIAL STATEMENTS as of August 31, 2025 (Unaudited) (continued)

------

**NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (continued)**

loan. Senior loans are generally returned to accrual status only after all past due amounts have been received and the borrower has demonstrated sustained performance. Premium amortization and discount accretion are deferred and recognized over the lives of the respective loans. Arrangement fees received on revolving credit facilities, which represent non-refundable fees or purchase discounts associated with the acquisition of loans, are deferred and recognized using the effective yield method over the shorter of four years or the actual term of the loan. No such fees are recognized on loans which have been placed on non-accrual status. Arrangement fees associated with all other loans, except revolving credit facilities, are treated as discounts and are accreted as described above. Dividend income is recorded on the ex-dividend date. Amendment fees are earned as compensation for evaluating and accepting changes to an original senior loan agreement and are recognized when received. Amendment fees and other fees earned are reported as interest income on the Statement of Operations.

C. ***Foreign Currency Translation***. The books and records of the Fund are maintained in U.S. dollars. Any foreign currency amounts are translated into U.S. dollars on the following basis:

&nbsp;&nbsp;&nbsp;&nbsp;(1) Market
 value of investment securities, other assets and liabilities — at the exchange rates
 prevailing at Market Close.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Purchases
 and sales of investment securities, income and expenses — at the rates of exchange
 prevailing on the respective dates of such transactions.

Although the net assets and the market values are presented at the foreign exchange rates at Market Close, the Fund does not isolate the portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and unrealized gains or losses from investments. For securities, which are subject to foreign withholding tax upon disposition, liabilities are recorded on the Statement of Assets and Liabilities for the estimated tax withholding based on the securities' current market value. Upon disposition, realized gains or losses on such securities are recorded net of foreign withholding tax.

Reported net realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund's books, and the U.S. dollar

equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the value of assets and liabilities other than investments in securities, resulting from changes in the exchange rate. Foreign security and currency transactions may involve certain considerations and risks not typically associated with investing in U.S. companies and U.S. government securities. These risks include, but are not limited to, revaluation of currencies and future adverse political and economic developments which could cause securities and their markets to be less liquid and prices more volatile than those of comparable U.S. companies and U.S. government securities. The foregoing risks are even greater with respect to securities of issuers in emerging markets.

D. ***Forward Foreign Currency Contracts.*** The Fund has entered into forward foreign currency contracts primarily to hedge against foreign currency exchange rate risks on its non-U.S. dollar denominated investment securities. When entering into a currency forward foreign contract, the Fund agrees to receive or deliver a fixed quantity of foreign currency for an agreed-upon price on an agreed future date. These contracts are valued daily and the Fund's net equity therein, representing unrealized gain or loss on the contracts as measured by the difference between the forward foreign exchange rates at the dates of entry into the contracts and the forward rates at the reporting date, is included in the Statement of Assets and Liabilities. Realized and unrealized gains and losses are included in the Statement of Operations. These instruments involve market and/or credit risk in excess of the amount recognized in the Statement of Assets and Liabilities. Risks arise from the possible inability of counterparties to meet the terms of their contracts and from movement in currency and securities values and interest rates. Open forward foreign currency contracts are presented within the respective Portfolio of Investments.

The Fund did not enter into any forward foreign currency contracts for the period ended August 31, 2025.

E. ***When-Issued Delayed-Delivery.*** Securities purchased or sold on a when-issued, delayed-delivery or forward purchase commitment basis may have extended settlement periods. The value of the security so purchased is subject to market fluctuations during this period. Due to the nature of the Senior Loan market, the actual settlement date may not be certain at the time of the purchase or sale for some of the Senior Loans. Interest income on such Senior Loans is not accrued until settlement date.

F. ***Federal Income Taxes***. It is the policy of the Fund to comply with the requirements of subchapter M of the Internal Revenue Code that are applicable to regulated investment companies and to distribute substantially all of its net

NOTES TO FINANCIAL STATEMENTS as of August 31, 2025 (Unaudited) (continued)

------

**NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (continued)**

investment income and any net realized capital gains to its shareholders. Therefore, a U.S. federal income tax or excise tax provision is not required. Management has considered the sustainability of the Fund's tax positions taken on U.S. federal income tax returns for all open tax years in making this determination. No capital gain distributions shall be made until the capital loss carryforwards have been fully utilized.

The Fund may utilize equalization accounting for tax purposes, whereby a portion of redemption payments are treated as distributions of income or gain.

G. ***Distributions to Shareholders.*** The Fund declares and goes ex-dividend daily and pays dividends monthly from net investment income. Distributions from capital gains, if any, are declared and paid annually. The Fund may make additional distributions to comply with the distribution requirements of the Internal Revenue Code. The character and amounts of income and gains to be distributed are determined in accordance with federal income tax regulations, which may differ from GAAP for investment companies. Distributions in excess of net investment income and/or net realized capital gains for tax purposes are reported as return of capital. The Fund records distributions to its shareholders on the ex-dividend date.

H. ***Use of Estimates.*** The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

I. ***Indemnifications.*** In the normal course of business, the Fund may enter into contracts that provide certain indemnifications. The Fund's maximum exposure under these arrangements is dependent on future claims that may be made against the Fund and, therefore, cannot be estimated; however, based on experience, management considers risk of loss from such claims remote.

**NOTE 3 — INVESTMENT TRANSACTIONS**

For the period ended August 31, 2025, the cost of purchases and the proceeds from principal repayment and sales of investments, excluding short-term investments, totaled $28,844,297 and $54,029,758, respectively. At August 31, 2025, the Fund held senior loans valued at $63,103,722 representing 50.66% of its total investments. The fair value of these assets is established as set forth in Note 2.

The senior loans acquired by the Fund typically take the form of a direct lending relationship with the borrower, and are typically acquired through an assignment of another lender's interest in a loan. The lead lender in a typical corporate loan syndicate administers the loan and monitors the collateral securing the loan. In the event that the lead lender becomes insolvent, enters Federal Deposit Insurance Corporation ("FDIC") receivership or, if not FDIC insured, enters into bankruptcy, the Fund may incur certain costs and delays in realizing payment, or may suffer a loss of principal and/or interest.

Warrants and shares of common stock held in the portfolio were acquired in conjunction with loans held by the Fund. Certain of these shares and warrants are restricted and may not be publicly sold without registration under the 1933 Act, or without an exemption under the 1933 Act. In some cases, these restrictions expire after a designated period of time after the issuance of the shares or warrants.

**NOTE 4 — INVESTMENT MANAGEMENT FEES**

The Fund has entered into an investment management agreement ("Management Agreement") with the Investment Adviser. The Investment Adviser has overall responsibility for the management of the Fund. The Investment Adviser oversees all investment advisory and portfolio management services for the Fund and assists in managing and supervising all aspects of the general day-to-day business activities and operations of the Fund, including custodial, transfer agency, dividend disbursing, accounting, auditing, compliance and related services. This Management Agreement compensates the Investment Adviser with a fee, computed daily and payable monthly, at an annual rate of 0.80% of the Fund's Managed Assets. For purposes of the Management Agreement, managed assets ("Managed Assets") are defined as the Fund's average daily gross asset value, minus the sum of the Fund's accrued and unpaid dividends on any outstanding Preferred Shares and accrued liabilities (other than liabilities for the principal amount of any borrowings incurred, commercial paper or notes issued by the Fund and the liquidation preference of any outstanding Preferred Shares).

The Investment Adviser has entered into a sub-advisory agreement with Voya IM. Voya IM provides investment advice for the Fund and is paid by the Investment Adviser based on the average daily Managed Assets of the Fund. Subject to such policies as the Board or the Investment Adviser may determine, Voya IM manages the Fund's assets in accordance with the Fund's investment objectives, policies and limitations.

NOTES TO FINANCIAL STATEMENTS as of August 31, 2025 (Unaudited) (continued)

------

**NOTE 5 — DISTRIBUTION AND SERVICE FEES**

Class A and Class C shares of the Fund have adopted a plan pursuant to Rule 12b-1 under the 1940 Act (the "12b-1 Plans"), whereby Voya Investments Distributor, LLC (the "Distributor"), a Delaware limited liability company, is compensated by the Fund for expenses incurred in the distribution of the Fund's shares ("Distribution Fees"). Pursuant to the 12b-1 Plans, the Distributor is entitled to a payment each month for actual expenses incurred in the distribution and promotion of the Fund's shares, including expenses incurred in printing prospectuses and reports used for sales purposes, expenses incurred in preparing and printing sales literature and other such distribution related expenses, including any distribution or shareholder servicing fees ("Service Fees") paid to securities dealers who executed a distribution agreement with the Distributor. Under the 12b-1 plans, each class of shares of the Fund pays the Distributor a combined Distribution and/or Service Fee based on average daily net assets at the following annual rates:

---

| | |
|:---|:---|
| **Class A** | **Class C** |
| 0.25% | 0.75% |

---

The Distributor may also retain the proceeds of the initial sales charge paid by the shareholders upon the purchase of Class A shares, and the EWC paid by the shareholders upon certain redemptions/repurchases for Class A shares and Class C shares. For the period ended August 31, 2025, the Distributor retained the following amounts:

---

| | |
|:---|:---|
|  | **Class A** |
| Initial Sales Charges: | $86 |
| EWC's: | $— |

---

**NOTE 6 — EXPENSE LIMITATIONS**

The Investment Adviser has agreed to limit expenses, excluding interest, taxes, investment-related costs, leverage expenses, other expenses not incurred in the ordinary course of business, expenses of any counsel or other persons or services retained by the Fund's Board members who are not "interested persons," as that term is defined in the 1940 Act, and acquired fund fees and expenses, to the following:

Class A — 0.90% of Managed Assets plus 0.45% of average daily net assets

Class C — 0.90% of Managed Assets plus 0.95% of average daily net assets

Class I — 0.90% of Managed Assets plus 0.20% of average daily net assets

Class W — 0.90% of Managed Assets plus 0.20% of average daily net assets

Pursuant to a side letter agreement through July 1, 2026, the Investment Adviser has further lowered the expense limits to the following. Any fees waived pursuant to the side letter agreement shall not be eligible for recoupment. Termination or modification of this obligation requires approval by the Board.

Class A — 0.80% of Managed Assets plus 0.45% of average daily net assets

Class C — 0.80% of Managed Assets plus 0.95% of average daily net assets

Class I — 0.80% of Managed Assets plus 0.20% of average daily net assets

Class W — 0.80% of Managed Assets plus 0.20% of average daily net assets

Unless otherwise specified above, the Investment Adviser may at a later date recoup from the Fund for fees waived and other expenses reimbursed by the Investment Adviser during the previous 36 months, but only if, after such recoupment, the Fund's expense ratio does not exceed the percentage described above. Waived and reimbursed fees and any recoupment by the Investment Adviser of such waived and reimbursed fees are reflected on the accompanying Statement of Operations. Amounts payable by the Investment Adviser are reflected on the accompanying Statement of Assets and Liabilities.

As of August 31, 2025, there are no amounts of waived and/ or reimbursed fees that are subject to possible recoupment by the Investment Adviser.

The Expense Limitation Agreement is contractual through July 1, 2026 and shall renew automatically for one-year terms. Termination or modification of this obligation requires approval by the Board.

**NOTE 7 — COMMITMENTS**

Effective June 28, 2025, the Fund has entered into a 364-day revolving credit agreement, collateralized by assets of the Fund, to borrow up to $40 million maturing June 27, 2026. Borrowing rates under this agreement are based on a fixed spread over SOFR, and a commitment fee is charged on the unused portion. Prior to June 28, 2025, the predecessor credit agreement was for $40 million maturing June 27, 2025. There was $22.3 million of borrowings outstanding at August 31, 2025. The weighted average interest rate on outstanding borrowings at August 31, 2025 was 5.14%, excluding fees related to the unused portion of the facilities, and other fees. The amount of borrowings represented 17.53% of total assets as of August 31, 2025. Prepaid arrangement fees are amortized over the term of the agreement and are included in other assets of the statement of assets and liabilities. Average borrowings for

NOTES TO FINANCIAL STATEMENTS as of August 31, 2025 (Unaudited) (continued)

------

**NOTE 7 — COMMITMENTS (continued)**

the period ended August 31, 2025 were $28,307,527 and the average annualized interest rate was 6.02%.

**NOTE 8 — SENIOR LOAN COMMITMENTS**

As of August 31, 2025, the Fund had unfunded loan commitments pursuant to the terms of the following loan agreements:

---

| | |
|:---|:---|
| <br>**Loan** | **Unfunded**<br>**Loan**<br>**Commitment** |
| Chrysaor Bidco S.A R.L. Delayed Draw Term Loan (Usd) | $10329 |
| Clydesdale Acquisition Holdings Inc. Delayed Draw Term Loan | 2500 |
| First Eagle Holdings Inc.-f/k/a Arnhold and S. Bleicroeder Holdings Inc. Delayed Draw Term Loan | 110104 |
| Hanger Inc. Delayed Draw Term Loan | 35390 |
| Raven Acquisition Holdings, LLC 2024 Delayed Draw Term Loan Commitment | 28050 |
|  | $186373 |

---

**NOTE 9 — TRANSACTIONS WITH AFFILIATES AND RELATED PARTIES**

The Fund has adopted a deferred compensation plan (the "DC Plan"), which allows eligible independent trustees, as described in the DC Plan, to defer the receipt of all or a portion

**NOTE 11 — CAPITAL SHARES**

Transactions in capital shares and dollars were as follows:

of the trustees' fees that they are entitled to receive from the Fund. For purposes of determining the amount owed to the trustee under the DC Plan, the amounts deferred are invested in shares of the funds selected by the trustee (the "Notional Funds"). When the Fund purchases shares of the Notional Funds, which are all advised by Voya Investments, in amounts equal to the trustees' deferred fees, this results in a Fund asset equal to the deferred compensation liability. Such assets, if applicable, are included as a component of "Other assets" on the accompanying Statement of Assets and Liabilities. Deferral of trustees' fees under the DC Plan will not affect net assets of the Fund, and will not materially affect the Fund's assets, liabilities or net investment income per share. Amounts will be deferred until distributed in accordance with the DC Plan.

During the period ended August 31, 2025, Credit Income incurred $20,000 of proxy and solicitation costs.

**NOTE 10 — SUBORDINATED LOANS AND UNSECURED LOANS**

The primary risk arising from investing in subordinated loans or in unsecured loans is the potential loss in the event of default by the issuer of the loans. The Fund may invest up to 20% of its total assets, measured at the time of investment, in subordinated loans, unsecured debt instruments and other investments, as directed by the Prospectus. As of August 31, 2025, the Fund held no subordinated loans or unsecured loans.

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | <br>**Shares**<br>**sold** | <br>**Shares**<br>**issued in**<br>**merger** | <br>**Reinvestment**<br>**of**<br>**distributions** | <br>**Shares**<br>**redeemed** | <br>**Shares**<br>**converted** | <br>**Net increase**<br>**(decrease) in**<br>**shares**<br>**outstanding** | <br>**Shares**<br>**sold** | **Proceeds**<br>**from**<br>**shares**<br>**issued in**<br>**merger** | <br>**Reinvestment**<br>**of**<br>**distributions** | <br>**Shares**<br>**redeemed** | <br>**Shares**<br>**converted** | <br>**Net increase**<br>**(decrease)** |
| <br>**Year or**<br>**period ended** | <br>**#** | <br>**#** | <br>**#** | <br>**#** | <br>**#** | <br>**#** | **($)** | **($)** | **($)** | **($)** | **($)** | **($)** |
| **Class A** |  |  |  |  |  |  |  |  |  |  |  |  |
| 8/31/2025 | 214578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 136940 | (636768) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (285250) | 2033187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 1298319 | (6025166) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (2693660) |
| 2/28/2025 | 391724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 301145 | (1591632) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (898763) | 3781139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 2907223 | (15380241) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (8691879) |
| **Class C** |  |  |  |  |  |  |  |  |  |  |  |  |
| 8/31/2025 | 3270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 4547 | (106106) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (98289) | 30879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 42955 | (1002055) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (928221) |
| 2/28/2025 | 10468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 13760 | (157505) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (133277) | 100869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 132431 | (1515782) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (1282482) |
| **Class I** |  |  |  |  |  |  |  |  |  |  |  |  |
| 8/31/2025 | 8235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 9967 | (82411) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (64209) | 77761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 93998 | (776224) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (604465) |
| 2/28/2025 | 51906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 28212 | (130349) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (50231) | 498230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 271034 | (1254057) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (484793) |
| **Class W** |  |  |  |  |  |  |  |  |  |  |  |  |
| 8/31/2025 | 6085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 3601 | (20954) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (11268) | 57741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 34180 | (199158) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (107237) |
| 2/28/2025 | 15161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 7043 | (41719) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (19515) | 146509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 68057 | (403913) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | (189347) |

---

NOTES TO FINANCIAL STATEMENTS as of August 31, 2025 (Unaudited) (continued)

------

**NOTE 12 — FEDERAL INCOME TAXES**

The amount of distributions from net investment income and net realized capital gains are determined in accordance with U.S. federal income tax regulations, which may differ from GAAP for investment companies. These book/tax differences may be either temporary or permanent. Permanent differences are reclassified within the capital accounts based on their U.S. federal tax-basis treatment; temporary differences are not reclassified. Key differences include the treatment of income from passive foreign investment companies (PFICs).

Dividends paid by the Fund from net investment income and distributions of net realized short-term capital gains are, for U.S. federal income tax purposes, taxable as ordinary income to shareholders.

The tax composition of dividends and distributions to shareholders was as follows:

---

| | |
|:---|:---|
| **Year Ended**<br>**February 28,**<br>**2025** | **Year Ended**<br>**February 29,**<br>**2024** |
| **Ordinary** | **Ordinary** |
| **Income** | **Income** |
| $9652120 | $10037609 |

---

The tax-basis components of distributable earnings and the capital loss carryforwards which may be used to offset future realized capital gains for U.S. federal income tax purposes as of February 28, 2025, were:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Capital Loss Carryforwards** | **Capital Loss Carryforwards** | | |
| **Undistributed**<br>**Ordinary**<br>**Income** | **Unrealized**<br>**Appreciation/**<br>**(Depreciation)** | **Amount** | **Character** |<br>**Other** | **Total**<br>**Distributable**<br>**Earnings/(Loss)** |
| $1413771 | $(87314) | $(13764937) | Short-term | $(451352) | $(122060742) |
|  |  | (109170910) | Long-term |  |  |
|  |  | $(122935847) |  |  |  |

---

The Fund's major tax jurisdictions are U.S. federal and Arizona state.

As of August 31, 2025, no provision for income tax is required in the Fund's financial statements as a result of tax positions taken on federal and state income tax returns for open tax years. The Fund's federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state department of revenue. Generally, the preceding four tax years remain subject to examination by these jurisdictions.

**NOTE 13 — MARKET DISRUPTION AND GEOPOLITICAL RISK**

The Fund is subject to the risk that geopolitical events will disrupt securities markets and adversely affect global economies and markets. Due to the increasing interdependence among global economies and markets, conditions in one country, market, or region might adversely impact markets, issuers and/or foreign exchange rates in other countries, including the United States. Wars, terrorism, global health crises and pandemics, trade disputes, tariffs and other restrictions on trade or economic sanctions, rapid technological developments (such as artificial intelligence technologies), and other geopolitical events that have led, and may continue to lead, to increased market volatility and may have adverse short- or long-term effects on U.S. and global economies and markets, generally. For example, the COVID-19 pandemic resulted in significant market volatility, exchange suspensions and closures, declines in global financial markets, higher

default rates, supply chain disruptions, and a substantial economic downturn in economies throughout the world. The economic impacts of COVID-19 have created a unique challenge for real estate markets. Many businesses have either partially or fully transitioned to a remote-working environment and this transition may negatively impact the occupancy rates of commercial real estate over time. Natural and environmental disasters and systemic market dislocations are also highly disruptive to economies and markets. In addition, military action by Russia in Ukraine has, and may continue to, adversely affect global energy and financial markets and therefore could affect the value of the Fund's investments, including beyond the Fund's direct exposure to Russian issuers or nearby geographic regions. Furthermore, a prolonged conflict between Hamas and Israel, and the potential expansion of the conflict in the surrounding areas and the involvement of other nations in such conflict, such as the Houthi movement's attacks on marine vessels in the Red Sea, could further destabilize the Middle East region and introduce new uncertainties in

NOTES TO FINANCIAL STATEMENTS as of August 31, 2025 (Unaudited) (continued)

------

**NOTE 13 — MARKET DISRUPTION AND GEOPOLITICAL RISK (continued)**

global markets, including the oil and natural gas markets. The extent and duration of the military action, sanctions, and resulting market disruptions are impossible to predict and could be substantial. A number of U.S. domestic banks and foreign (non-U.S.) banks have experienced financial difficulties and, in some cases, failures. There can be no certainty that the actions taken by regulators to limit the effect of those financial difficulties and failures on other banks or other financial institutions or on the U.S. or foreign (non-U.S.) economies generally will be successful. It is possible that more banks or other financial institutions will experience financial difficulties or fail, which may affect adversely other U.S. or foreign (non-U.S.) financial institutions and economies. These events as well as other changes in foreign (non-U.S.) and domestic economic, social, and political conditions also could adversely affect individual issuers or related groups of issuers, securities markets, interest rates, credit ratings, inflation, investor sentiment, and other factors affecting the value of the Fund's investments. Any of these occurrences could disrupt the operations of the Fund and of the Fund's service providers.

**NOTE 14 — SEGMENT REPORTING**

In November 2023, the FASB issued Accounting Standards Update ("ASU"), ASU 2023-07, Segment Reporting (Topic

**NOTE 15 — SUBSEQUENT EVENTS**

280) – Improvements to Reportable Segment Disclosures, which aims to improve reportable segment disclosure requirements, primarily through enhanced disclosures about segment expenses. Adoption of ASU 2023-07, impacts financial statement disclosure only and did not affect the Fund's financial position or operating results.

Topic 280 defines an operating segment as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the chief operating decision maker ("CODM") to assess performance and make resource allocation decisions. The Fund has one operating segment that derives its income from earnings on its investments. The Product Review Committee (the "Committee") of the Investment Adviser and its affiliates is deemed to be the CODM. The Committee is comprised of executive leaders and it reviews the operating results of the Fund holistically. The CODM considers changes in net assets from operations, expense ratios, total returns and fund composition to make resource allocation decisions. Detailed financial information regarding the Fund is disclosed within these financial statements with total assets and liabilities disclosed on the Statement of Assets and Liabilities, investments held on the Portfolio of Investments, results of operations on the Statement of Operations and other information about the Fund's performance, including total return, portfolio turnover and expense ratios within the Financial Highlights.

*Dividends Declared:* Subsequent to August 31, 2025, the Fund declared the following dividends from net investment income:

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Class** | **Per Share**<br>**Amount** | **Declaration**<br>**Date** | **Record**<br>**Date** | **Payable**<br>**Date** |
| A | $0.06816 | Daily | Daily | October 1, 2025 |
| C | $0.06401 | Daily | Daily | October 1, 2025 |
| I | $0.06975 | Daily | Daily | October 1, 2025 |
| W | $0.07016 | Daily | Daily | October 1, 2025 |

---

The Fund has evaluated events occurring after the Statement of Assets and Liabilities date through the date that the financial statements were issued ("subsequent events") to determine whether any subsequent events necessitated adjustment to or disclosure in the financial statements. Other than the above, no such subsequent events were identified.

Voya Credit Income Fund PORTFOLIO OF INVESTMENTS <br> as of August 31, 2025 (Unaudited) <br>    

---

| | | | |
|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: 63.9%** | **SENIOR LOANS<sup>\*</sup>: 63.9%** | **SENIOR LOANS<sup>\*</sup>: 63.9%** | **SENIOR LOANS<sup>\*</sup>: 63.9%** |
|  | **Auto Components: 0.4%** | **Auto Components: 0.4%** | **Auto Components: 0.4%** |
| 223638 | Holley Purchaser, Inc., Initial Term Loan, 8.221%, (TSFR1M+3.850%), 11/17/2028 | $218420 | 0.2 |
| 224930 | RC Buyer Inc., First Lien Initial Term Loan, 7.930%, (TSFR1M+3.614%), 07/28/2028 | 222493 | 0.2 |
|  |  | **440913** | **0.4** |
|  | **Basic Materials: 1.7%** | **Basic Materials: 1.7%** | **Basic Materials: 1.7%** |
| 243775 | A-Ap Buyer, Inc., Initial Term Loan, 7.066%, (TSFR1M+2.750%), 09/09/2031 | 245146 | 0.3 |
| 180371 | Ineos Quattro Holdings UK Limited, 2031 Tranche B Dollar Term Loan, 8.566%, (TSFR1M+4.250%), 10/07/2031 | 156021 | 0.2 |
| 289275 | Paint Intermediate III LLC, Paint Intermediate/ Wesco Group Cov-Lite Tlb, 7.242%, (TSFR3M+3.000%), 10/09/2031 | 289938 | 0.3 |
| 395000 <sup>(1)</sup> | Qnity Electronics, Inc., Term Loan B, 11/01/2032 | 394506 | 0.4 |
| 329191 | Sparta US HoldCo LLC, Initial Term Loan, 7.351%, (TSFR1M+3.000%), 08/02/2030 | 324253 | 0.3 |
| 221005 <sup>(1)</sup> | USALCO LLC, 2025 Initial Term Loan, 09/30/2031 | 221143 | 0.2 |
| 22885 <sup>(1)</sup> | USALCO LLC, Delayed Draw Term Commitment, 09/30/2031 | 22899 | 0.0 |
|  |  | **1653906** | **1.7** |
|  | **Building & Development: 0.2%** | **Building & Development: 0.2%** | **Building & Development: 0.2%** |
| 223347 | Cornerstone Building Brands Inc., New Term Loan B, 7.713%, (TSFR1M+3.350%), 04/12/2028 | 212110 | 0.2 |
|  | **Business Equipment & Services: 0.4%** | **Business Equipment & Services: 0.4%** | **Business Equipment & Services: 0.4%** |
| 427902 | Ensono LP, First Lien Initial Term Loan, 8.471%, (TSFR1M+4.114%), 05/26/2028 | 429863 | 0.4 |

---

---

| | | | |
|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** |
|  | **Communications: 3.5%** | **Communications: 3.5%** | **Communications: 3.5%** |
| 407761 | Arches Buyer Inc., Refinancing Term Loan, 7.666%, (TSFR1M+3.350%), 12/06/2027 | $408812 | 0.4 |
| 312975 | Cengage Learning Inc., 2024 Refinancing Term Loans, 7.823%, (TSFR1M+3.500%), 03/22/2031 | 313909 | 0.3 |
| 275000 | CNT Holdings I Corp, 2025 Replacement Term Loans, 6.558%, (TSFR3M+2.250%), 11/08/2032 | 275192 | 0.3 |
| 301950 | Crown Subsea Communications Holding Inc., 2025 Term Loan, 7.818%, (TSFR3M+3.500%), 01/30/2031 | 304718 | 0.3 |
| 355000 | Dotdash Meredith, Inc., Term B-2 Loan, 7.854%, (TSFR1M+3.500%), 06/04/2032 | 356331 | 0.4 |
| 149250 | GoodRX Inc., 2024 Term Loan, 8.066%, (TSFR1M+3.750%), 07/10/2029 | 150626 | 0.1 |
| 50000 | Level 3 Financing Inc., Term B-3 Loans, 8.566%, (TSFR1M+4.250%), 03/27/2032 | 50294 | 0.0 |
| 277905 | Magnite Inc., Amendment 2 Initial Term Loan, 7.356%, (TSFR1M+3.000%), 02/06/2031 | 278600 | 0.3 |
| 289943 | McGraw-Hill Education Inc., Term Loan B, 7.566%, (TSFR1M+3.250%), 08/06/2031 | 291367 | 0.3 |
| 296732 | MH Sub I LLC, 2023 May New Term Loans, 8.566%, (TSFR1M+4.250%), 05/03/2028 | 276393 | 0.3 |
| 445162 | Proofpoint Inc., 2024 Refinancing Term Loan, 7.316%, (TSFR1M+3.000%), 08/31/2028 | 447806 | 0.5 |
| 327973 | TripAdvisor Inc., Initial Term B Loan, 7.066%, (TSFR1M+2.750%), 07/08/2031 | 327973 | 0.3 |
|  |  | **3482021** | **3.5** |

---

See Accompanying Notes to Financial Statements

Voya Credit Income Fund PORTFOLIO OF INVESTMENTS <br> as of August 31, 2025 (Unaudited) (continued) <br>    

---

| | | | |
|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** |
|  | **Consumer, Cyclical: 8.9%** | **Consumer, Cyclical: 8.9%** | **Consumer, Cyclical: 8.9%** |
| 380446 | Alterra Mountain Company, Term Loan B-8, 6.853%, (TSFR1M+2.500%), 05/03/2030 | $381397 | 0.4 |
| 70453 | American Airlines Inc., Repriced Term Loan, 6.575%, (TSFR3M+2.250%), 04/20/2028 | 70372 | 0.1 |
| 334219 | American Greetings Corporation, Tranche C Term Loan, 10.066%, (TSFR1M+5.750%), 10/30/2029 | 335994 | 0.3 |
| 264530 | Aramark Services Inc., Us Term B-8 Loan, 6.316%, (TSFR1M+2.117%), 06/22/2030 | 265192 | 0.3 |
| 313593 | Cinemark USA Inc., Term Loan, 6.546%, (TSFR3M+2.250%), 05/24/2030 | 314475 | 0.3 |
| 146996 | City Football Group Limited, Term Loan, 7.930%, (TSFR1M+3.615%), 07/21/2030 | 147547 | 0.2 |
| 430000 | Clarios Global LP, Amendment No 6 Dollar Term Loan, 7.066%, (TSFR1M+2.750%), 01/28/2032 | 430403 | 0.4 |
| 367651 | Crown Finance US Inc., Term Loan B, 8.854%, (TSFR1M+4.500%), 12/02/2031 | 367651 | 0.4 |
| 130650 | Dealer Tire LLC, Term Loan B5, 7.316%, (TSFR1M+3.000%), 07/02/2031 | 130650 | 0.1 |
| 724138 | Flynn Restaurant Group LP, Series 2025 Term Loans, 8.066%, (TSFR1M+3.750%), 01/28/2032 | 726672 | 0.7 |
| 99750 | Gategroup Finance, Senior Facility B (USD) Loan, 8.556%, (TSFR3M+4.250%), 05/28/2032 | 99750 | 0.1 |
| 302720 | Golden State Foods LLC, Initial Term Loans, 8.476%, (TSFR1M+4.250%), 12/04/2031 | 304839 | 0.3 |

---

---

| | | | |
|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** |
|  | **Consumer, Cyclical: (continued)** | **Consumer, Cyclical: (continued)** | **Consumer, Cyclical: (continued)** |
| 468957 | Great Outdoors Group LLC, Term B-3 Loan, 7.566%, (TSFR1M+3.250%), 01/23/2032 | $471009 | 0.5 |
| 219450 | Hanesbrands Inc., Term Loan B, 7.066%, (TSFR1M+2.750%), 03/07/2032 | 220547 | 0.2 |
| 269004 | Harbor Freight Tools USA Inc., Initial Term Loan, 6.566%, (TSFR1M+2.250%), 06/11/2031 | 266276 | 0.3 |
| 179100 | Highline AfterMarket Acquisition LLC, 2025-1 Term Loan, 7.699%, (TSFR3M+3.500%), 02/13/2030 | 180331 | 0.2 |
| 278600 | Hunter Douglas Holding BV, Tranche B-1 Term Loan, 7.546%, (TSFR3M+3.250%), 01/20/2032 | 279079 | 0.3 |
| 270000 | LBM Acquisition LLC, Amendment No 4 Incremental Term loan, 9.360%, (TSFR1M+5.000%), 06/06/2031 | 268178 | 0.3 |
| 332488 | Lc Ahab Us Bidco LLC, Initial Term Loan, 7.316%, (TSFR1M+3.000%), 05/01/2031 | 333527 | 0.3 |
| 204925 | LS Group OPCO Acquisition LLC, Term Loan B, 6.699%, (TSFR3M+2.500%), 04/23/2031 | 205053 | 0.2 |
| 100000 | MillerKnoll Inc. f/k/a/ Herman Miller Inc., 2025 Term B Loan, 6.566%, (TSFR1M+2.250%), 07/23/2032 | 100104 | 0.1 |
| 268650 | Peer Holding III BV, Term Loan B5b, 6.796%, (TSFR3M+2.500%), 07/01/2031 | 269532 | 0.3 |
| 327500 | Scientific Games Holdings LP, 2024 Refi Dollar Term Loan, 7.286%, (TSFR3M+3.000%), 04/04/2029 | 324225 | 0.3 |

---

See Accompanying Notes to Financial Statements

Voya Credit Income Fund PORTFOLIO OF INVESTMENTS <br> as of August 31, 2025 (Unaudited) (continued) <br>    

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | | **Value** | **Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** |
|  | **Consumer, Cyclical: (continued)** | **Consumer, Cyclical: (continued)** | **Consumer, Cyclical: (continued)** | **Consumer, Cyclical: (continued)** |
| 284375 | Showtime Acquisition LLC, Initial Term Loan, 8.945%, (TSFR3M+4.750%), 08/13/2031 | $| 285086 | 0.3 |
| 370000 <sup>(1)</sup> | Skechers USA, 2025 1st Lien TLB (USD), 06/25/2032 |  | 372775 | 0.4 |
| 153355 | TGP Holdings III LLC, First Lien Closing Date Term Loan, 7.666%, (TSFR1M+3.350%), 06/29/2028 |  | 139936 | 0.1 |
| 585000 <sup>(1)</sup> | The Boots Group, 2025 1St Lien Tlb (Usd), 07/22/2032 |  | 586828 | 0.6 |
| 297139 | Weber Stephen Products LLC, Initial Term B Loan, 7.680%, (TSFR1M+3.364%), 10/30/2027 |  | 296842 | 0.3 |
| 635993 | White Cap Supply Holdings LLC(f/k/a White Cap Buyer LLC), Tranche C Term Loan, 7.566%, (TSFR1M+3.250%), 10/19/2029 |  | 636968 | 0.6 |
|  |  |  | **8811238** | **8.9** |
|  | **Consumer, Non-cyclical: 12.4%** | **Consumer, Non-cyclical: 12.4%** | **Consumer, Non-cyclical: 12.4%** | **Consumer, Non-cyclical: 12.4%** |
| 14638 | ADMI Corp, Amendment No 5 Term Loan, 8.180%, (TSFR1M+3.864%), 12/23/2027 |  | 13333 | 0.0 |
| 370000 <sup>(1)</sup> | AlixPartners LLP, 2025 Refinanced Dollar Term Loan, 07/29/2032 |  | 369017 | 0.4 |
| 370000 <sup>(1)</sup> | Allied Universal Holdco LLC, Initial U.S. Dollar Term Loan, 08/06/2032 |  | 371619 | 0.4 |
| 315000 <sup>(1)</sup> | Amneal Pharmaceuticals LLC, Amendment No.1 Term Loan, 07/30/2032 |  | 315000 | 0.3 |
| 296008 | Auris Luxembourg III SARL, (USD) Term Loan B8, 7.810%, (TSFR3M+3.500%), 02/28/2029 |  | 296933 | 0.3 |
| 370000 | Bausch & Lomb Corporation, Third Amendment Term Loans, 8.566%, (TSFR1M+4.250%), 01/15/2031 |  | 371156 | 0.4 |

---

---

| | | | |
|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** |
|  | **Consumer, Non-cyclical: (continued)** | **Consumer, Non-cyclical: (continued)** | **Consumer, Non-cyclical: (continued)** |
| 343371 | Belfor Holdings Inc., Tranche B-5 Term Loan, 7.066%, (TSFR1M+2.750%), 11/01/2030 | $344658 | 0.4 |
| 222724 | Bella Holding Company LLC, Term Loan, 7.316%, (TSFR1M+3.000%), 05/10/2028 | 223397 | 0.2 |
| 60000 <sup>(1)</sup> | Belron Finance 2019 LLC, 2031 Dollar Term Loan, 10/16/2031 | 60375 | 0.1 |
| 270000 <sup>(1)</sup> | BIFM US Finance LLC, 2024 Term B Loans, 05/31/2028 | 271350 | 0.3 |
| 310000 | Camelot US Acquisition I Co, Amendment No. 7 Incremental Term Loan, 7.566%, (TSFR1M+3.250%), 01/31/2031 | 311098 | 0.3 |
| 361345 <sup>(1)</sup> | CHG Healthcare Services Inc., Amendment No. 7 Refinancing Term Loan, 09/29/2028 | 362211 | 0.4 |
| 601903 | Cotiviti Inc., Initial Floating Rate Term Loans, 7.104%, (TSFR1M+2.750%), 08/27/2025 | 601527 | 0.6 |
| 282155 | Fiesta Purchaser, Inc., Second Refinancing Term Loan, 7.066%, (TSFR1M+2.750%), 02/12/2031 | 282420 | 0.3 |
| 215000 <sup>(1)</sup> | Froneri International Limited, Term Loan, 07/16/2032 | 213641 | 0.2 |
| 343905 <sup>(1)</sup> | Fugue Finance B.V., Fourteenth Amendment Dollar Term Loan, 01/09/2032 | 345624 | 0.4 |
| 332911 | Global Medical Response Inc., 2024 Extended Term Loan, 8.946%, (TSFR3M+4.750%), 10/02/2028 | 333372 | 0.3 |
| 41619 <sup>(2)</sup> | Hanger Inc., Delayed Draw Term Loan, 7.816%, (TSFR1M+3.500%), 10/23/2031 | 41786 | 0.0 |
| 322557 | Hanger Inc., Initial Term Loan, 7.816%, (TSFR1M+3.500%), 10/23/2031 | 323847 | 0.3 |

---

See Accompanying Notes to Financial Statements

Voya Credit Income Fund PORTFOLIO OF INVESTMENTS <br> as of August 31, 2025 (Unaudited) (continued) <br>    

---

| | | | |
|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** |
|  | **Consumer, Non-cyclical: (continued)** | **Consumer, Non-cyclical: (continued)** | **Consumer, Non-cyclical: (continued)** |
| 365375 | HomeServe USA Holding Corp., Amendment No.1 Refinancing Term Loan, 6.340%, (TSFR1M+2.000%), 10/21/2030 | $365318 | 0.4 |
| 296495 | IVC Acquisition Ltd, Incremental Term Loan B12, 8.046%, (TSFR3M+3.750%), 12/12/2028 | 298781 | 0.3 |
| 311771 <sup>(1)</sup> | Kuehg Corp., Term Loan, 06/12/2030 | 312501 | 0.3 |
| 446203 | Latham Pool Products Inc., Initial Term Loans, 8.349%, (TSFR3M+4.150%), 02/23/2029 | 444809 | 0.5 |
| 243166 | LifePoint Health Inc., Term Loan B2, 7.820%, (TSFR3M+3.500%), 05/19/2031 | 241139 | 0.2 |
| 359100 | Neon Maple Purchaser Inc., 1st amend Tranche B-1 TL, 7.066%, (TSFR1M+2.750%), 11/17/2031 | 359661 | 0.4 |
| 147974 | Neptune Bidco Us Inc., Term B Loans, 9.429%, (TSFR3M+5.100%), 04/11/2029 | 144213 | 0.1 |
| 430000 | Nourish Buyer I, Inc., Initial Term Loan, 8.829%, (TSFR3M+4.500%), 07/08/2032 | 421400 | 0.4 |
| 160000 | Priority Holdings LLC, 2025-1 Refinancing Term Loan, 8.066%, (TSFR1M+3.750%), 07/23/2032 | 160667 | 0.2 |
| 28050 <sup>(1)(2)</sup> | Raven Acquisition Holdings, LLC, 2024 Delayed Draw Term Loan Commitment, 11/19/2031 | 28146 | 0.0 |
| 376165 | Raven Acquisition Holdings, LLC, Initial Term Loans, 7.316%, (TSFR1M+3.000%), 11/19/2031 | 377458 | 0.4 |
| 193538 | Resonetics LLC, 2025 Specified Refinancing Term Commitment, 7.064%, (TSFR3M+2.750%), 06/18/2031 | 193477 | 0.2 |

---

---

| | | | |
|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** |
|  | **Consumer, Non-cyclical: (continued)** | **Consumer, Non-cyclical: (continued)** | **Consumer, Non-cyclical: (continued)** |
| 238797 | RXB Holdings Inc., First Lien Initial Term Loan, 8.930%, (TSFR1M+4.614%), 12/20/2027 | $240290 | 0.2 |
| 210000 | Sazerac Company, Inc., Incremental Term B-1 Loan, 6.860%, (TSFR1M+2.500%), 07/09/2032 | 211387 | 0.2 |
| 188579 | Sigma Holdco BV, Facility B12, 8.297%, (SOFRRATE+3.910%), 01/03/2028 | 184336 | 0.2 |
| 396627 | Sotera Health Holdings LLC, 2024 Refinancing Term Loans, 7.296%, (TSFR3M+3.000%), 05/30/2031 | 398610 | 0.4 |
| 399000 <sup>(1)</sup> | Southern Veterinary Partners LLC, 2025 New Term Loan, 12/04/2031 | 399249 | 0.4 |
| 280531 | Spring Education Group Inc., Initial Term Loans, 8.296%, (TSFR3M+4.000%), 10/04/2030 | 282810 | 0.3 |
| 121287 | The Hertz Corporation, Initial Term B Loan, 8.720%, (TSFR1M+3.250%), 06/30/2028 | 103903 | 0.1 |
| 23713 | The Hertz Corporation, Initial Term C Loan, 8.720%, (TSFR1M+3.250%), 06/30/2028 | 20314 | 0.0 |
| 11710 | US Fertility Enterprises LLC, Initial Delayed Draw Term Loan, 8.808%, (TSFR3M+4.500%), 10/10/2031 | 11739 | 0.0 |
| 256970 | US Fertility Enterprises LLC, Term Loan B, 8.796%, (TSFR3M+4.500%), 10/10/2031 | 257612 | 0.3 |
| 100000 <sup>(1)</sup> | Valvoline Inc., Term Loan B, 03/19/2032 | 100365 | 0.1 |
| 238800 | Viant Medical Holdings Inc., Term Loan B, 8.316%, (TSFR1M+4.000%), 10/29/2031 | 238912 | 0.2 |
| 500000 | Vizient Inc., Term B-8 Loan, 6.066%, (TSFR1M+1.750%), 08/01/2031 | 502083 | 0.5 |

---

See Accompanying Notes to Financial Statements

Voya Credit Income Fund PORTFOLIO OF INVESTMENTS <br> as of August 31, 2025 (Unaudited) (continued) <br>    

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | | **Value** | **Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** |
|  | **Consumer, Non-cyclical: (continued)** | **Consumer, Non-cyclical: (continued)** | **Consumer, Non-cyclical: (continued)** | **Consumer, Non-cyclical: (continued)** |
| 270490 | Wand NewCo 3 Inc., Tranche B-2 Term Loan, 6.816%, (TSFR1M+2.500%), 01/30/2031 | $| 270224 | 0.3 |
| 185000 | WCG Intermediate Corp, Term Loan B, 7.316%, (TSFR1M+3.000%), 02/25/2032 |  | 185058 | 0.2 |
|  |  |  | **12206826** | **12.4** |
|  | **Containers & Glass Products: 0.5%** | **Containers & Glass Products: 0.5%** | **Containers & Glass Products: 0.5%** | **Containers & Glass Products: 0.5%** |
| 379831 | Clydesdale Acquisition Holdings Inc., Term B Loan, 7.491%, (TSFR1M+3.175%), 04/13/2029 |  | 379910 | 0.4 |
| 118046 | Plaze Inc., 2021-1 Term Loan, 8.180%, (TSFR1M+3.864%), 08/03/2026 |  | 107421 | 0.1 |
|  |  |  | **487331** | **0.5** |
|  | **Electronics/Electrical: 0.2%** | **Electronics/Electrical: 0.2%** | **Electronics/Electrical: 0.2%** | **Electronics/Electrical: 0.2%** |
| 174018 | Chariot Buyer LLC, Initial Term Loan, 7.677%, (TSFR1M+3.250%), 11/03/2028 |  | 174235 | 0.2 |
|  | **Energy: 3.1%** | **Energy: 3.1%** | **Energy: 3.1%** | **Energy: 3.1%** |
| 306287 | Brazos Delaware II LLC, 2025 Refinancing Term Loan, 7.357%, (TSFR1M+3.000%), 02/11/2030 |  | 306909 | 0.3 |
| 327580 | Emg Utica Midstream Holdings LLC, Initial Term Loan, 8.296%, (TSFR3M+4.000%), 04/01/2030 |  | 328809 | 0.3 |
| 158242 <sup>(1)</sup> | Epic Crude Services LP, Amendment No.1 Term Loan B, 10/15/2031 |  | 159181 | 0.2 |
| 319600 | Goodnight Water Solutions Holdings, LLC, Initial Term Loans, 8.316%, (TSFR1M+4.000%), 06/04/2029 |  | 321897 | 0.3 |
| 239400 | Hilcorp Energy I LP, Term Loan B, 6.366%, (TSFR1M+2.000%), 02/11/2030 |  | 240148 | 0.2 |
| 150000 | M6 Etx Holdings Ii Midco LLC, Initial Term Loan, 7.316%, (TSFR1M+3.000%), 03/25/2032 |  | 151106 | 0.2 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | | **Value** | **Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** |
|  | **Energy: (continued)** | **Energy: (continued)** | **Energy: (continued)** | **Energy: (continued)** |
| 204488 | MRC Global (US) Inc., Term Loan, 7.796%, (TSFR3M+3.500%), 10/29/2031 | $| 205510 | 0.2 |
| 169575 | Pasadena Performance Products LLC, Term B Loan, 7.796%, (TSFR3M+3.500%), 02/27/2032 |  | 170211 | 0.2 |
| 298500 | Rockpoint Gas Storage Partners LP, Term Loan B, 7.296%, (TSFR3M+3.000%), 09/18/2031 |  | 299760 | 0.3 |
| 240000 <sup>(1)</sup> | Stakeholder Midstream, LLC, Tl, 08/29/2032 |  | 239400 | 0.2 |
| 292788 | WaterBridge Midstream Operating LLC, Term Loan B, 9.314%, (TSFR3M+5.017%), 06/27/2029 |  | 293520 | 0.3 |
| 350000 | Whitewater Matterhorn Holdings, LLC, Initial Term Loan, 6.568%, (TSFR3M+2.250%), 06/16/2032 |  | 350875 | 0.4 |
|  |  |  | **3067326** | **3.1** |
|  | **Financial: 9.1%** | **Financial: 9.1%** | **Financial: 9.1%** | **Financial: 9.1%** |
| 360000 | Acrisure LLC, 2025 Term Loan B7, 7.606%, (TSFR1M+3.250%), 06/05/2032 |  | 360675 | 0.4 |
| 148877 | Acuren Delaware Holdco Inc. (f/k/a AAL Delaware Holdco Inc.), Amendment No. 1 Term Loan, 7.066%, (TSFR1M+2.750%), 07/30/2031 |  | 149296 | 0.1 |
| 400000 | Alera Group Inc., 2025 Term Loan, 7.566%, (TSFR1M+3.250%), 05/30/2032 |  | 402125 | 0.4 |
| 90000 | Alera Group Inc., Initial Term Loan, 9.816%, (TSFR1M+5.500%), 05/20/2033 |  | 93533 | 0.1 |
| 581838 | Alliant Holdings Intermediate LLC, 2025 Replacement Term Loan, 6.823%, (TSFR1M+2.500%), 09/19/2031 |  | 581183 | 0.6 |
| 167450 | Aragorn Parent Corporation, 2025 Replacement Term Loan, 7.816%, (TSFR1M+3.500%), 12/15/2028 |  | 168873 | 0.2 |

---

See Accompanying Notes to Financial Statements

Voya Credit Income Fund PORTFOLIO OF INVESTMENTS <br> as of August 31, 2025 (Unaudited) (continued) <br>    

---

| | | | |
|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** |
|  | **Financial: (continued)** | **Financial: (continued)** | **Financial: (continued)** |
| 405983 | Ardonagh Group FInc.o Pty Ltd, 2025 Facility B Term Loan, 7.046%, (TSFR3M+2.750%), 02/18/2031 | $405475 | 0.4 |
| 148876 | Aretec Group Inc., Term B-3 Loan, 7.816%, (TSFR1M+3.500%), 08/09/2030 | 149190 | 0.1 |
| 368043 | Ascensus Group Holdings Inc. (f/k/a Mercury Borrower Inc.), 2024 Term Loan B, 7.316%, (TSFR1M+3.000%), 08/02/2028 | 368657 | 0.4 |
| 275000 | Asurion, New B-13 Term Loan, 8.566%, (TSFR1M+4.250%), 09/19/2030 | 271906 | 0.3 |
| 390000 | Brookfield Property Reit Inc., 2025 Replacement Term Loan, 7.816%, (TSFR1M+3.500%), 05/28/2030 | 391869 | 0.4 |
| 10329 <sup>(2)</sup> | Chrysaor Bidco S.A R.L., Delayed Draw Term Loan (Usd), 8.830%, (TSFR1M+3.500%), 10/30/2031 | 10394 | 0.0 |
| 138972 | Chrysaor Bidco S.A R.L., Facility B (USD), 7.329%, (TSFR3M+3.000%), 10/30/2031 | 139841 | 0.1 |
| 435000 | CPI Holdco B, LLC, Initial Term Loans, 6.316%, (TSFR1M+2.000%), 05/17/2031 | 434638 | 0.4 |
| 260563 | Cushman & Amp; Wakefield U.S. Borrower, Llc., 2025-2 Term Loan, 7.066%, (TSFR1M+2.750%), 01/31/2030 | 262191 | 0.3 |
| 174563 | Dechra Pharmaceuticals Holdings Limited (f/k/a Freya Bidco Limited), Facility B1 Loan, 7.447%, (TSFR6M+3.250%), 01/27/2032 | 175326 | 0.2 |

---

---

| | | | |
|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** |
|  | **Financial: (continued)** | **Financial: (continued)** | **Financial: (continued)** |
| 125000 | Edelman Financial Engines Center LLC (The), 2024 Refinancing Term Loans, 9.949%, (TSFR3M+5.750%), 10/06/2028 | $125521 | 0.1 |
| 433571 | Edelman Financial Engines Center LLC (The), 2024-2 Refinancing Term Loan, 7.356%, (TSFR1M+3.000%), 04/07/2028 | 434926 | 0.4 |
| 252383 | Etna French Bidco SAS, Facility B1 (USD) Loan, 8.786%, (TSFR3M+4.500%), 12/08/2031 | 250490 | 0.3 |
| 125719 | Etna French Bidco SAS, Facility B2 USD, 8.786%, (TSFR3M+4.500%), 12/08/2031 | 124776 | 0.1 |
| 110104 <sup>(1)(2)</sup> | First Eagle Holdings Inc.-f/k/a Arnhold and S. Bleicroeder Holdings Inc., Delayed Draw Term Loan, 06/06/2032 | 109044 | 0.1 |
| 644896 | First Eagle Holdings Inc.-f/k/a Arnhold and S. Bleicroeder Holdings Inc., Initial Term Loan, 7.711%, (TSFR3M+3.500%), 06/06/2032 | 644856 | 0.7 |
| 149625 | Goosehead Insurance Holdings, LLC, 2025 Term Loan B, 7.357%, (TSFR1M+3.000%), 01/08/2032 | 149999 | 0.1 |
| 221256 | Guardian US Holdco LLC, Initial Term Loan, 7.796%, (TSFR3M+3.500%), 01/31/2030 | 221717 | 0.2 |
| 214452 | HIG Finance 2 Limited, 2024-2 Refinancing Term Loans, 7.816%, (TSFR1M+3.500%), 04/18/2030 | 215306 | 0.2 |
| 350453 | HighTower Holding LLC, Amendment No. 10 Replacement Term Loan, 7.071%, (TSFR3M+2.750%), 02/03/2032 | 350453 | 0.4 |
| 120000 | IMC Financing LLC, Term Loan, 7.860%, (TSFR1M+3.500%), 06/18/2032 | 121350 | 0.1 |

---

See Accompanying Notes to Financial Statements

Voya Credit Income Fund PORTFOLIO OF INVESTMENTS <br> as of August 31, 2025 (Unaudited) (continued) <br>    

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | | **Value** | **Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** |
|  | **Financial: (continued)** | **Financial: (continued)** | **Financial: (continued)** | **Financial: (continued)** |
| 460000 | Osaic Holdings Inc. (f/k/a Advisor Group Holdings Inc.), Initial Term Loan, 7.316%, (TSFR1M+3.000%), 07/16/2032 | $| 460328 | 0.5 |
| 155000 <sup>(1)</sup> | Osttra Group Ltd., Term Loan (First Lien), 05/20/2032 |  | 156243 | 0.2 |
| 373125 | Starwood Property Mortgage LLC, Term B-5 Loan, 6.316%, (TSFR1M+2.000%), 01/02/2030 |  | 371493 | 0.4 |
| 165000 <sup>(1)</sup> | Starwood Property Mortgage LLC, Term Loan B, 08/14/2032 |  | 164639 | 0.2 |
| 410000 | Trucordia Insurance Holdings LLC, Initial Term Loan, 7.606%, (TSFR1M+3.250%), 06/17/2032 |  | 410256 | 0.4 |
| 190000 | Truist Insurance Holdings, LLC, 2024 Term Loan B, 7.046%, (TSFR3M+2.750%), 05/06/2031 |  | 190436 | 0.2 |
| 78947 | Truist Insurance Holdings, LLC, Initial Term Loans (Second Lien), 9.046%, (TSFR3M+4.750%), 05/06/2032 |  | 80822 | 0.1 |
|  |  |  | **8947827** | **9.1** |
|  | **Food Products: 0.3%** | **Food Products: 0.3%** | **Food Products: 0.3%** | **Food Products: 0.3%** |
| 298856 | BCPE North Star US Holdco 2 Inc., First Lien Initial Term Loan, 8.430%, (TSFR1M+4.114%), 06/09/2028 |  | 299665 | 0.3 |
|  | **Health Care: 1.1%** | **Health Care: 1.1%** | **Health Care: 1.1%** | **Health Care: 1.1%** |
| 321204 | AthenaHealth Group Inc., Initial Term Loan, 7.066%, (TSFR1M+2.750%), 02/15/2029 |  | 321472 | 0.3 |
| 187795 | Embecta Corp, Initial Term Loan, 7.316%, (TSFR1M+3.000%), 03/30/2029 |  | 188006 | 0.2 |
| 555000 | Opal Us LLC, Facility B2 Loan, 7.435%, (TSFR6M+3.250%), 04/28/2032 |  | 558902 | 0.6 |
|  |  |  | **1068380** | **1.1** |

---

---

| | | | |
|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** |
|  | **Industrial: 9.4%** | **Industrial: 9.4%** | **Industrial: 9.4%** |
| 310000 | Alliance Laundry Systems LLC, Initial Term B Loans, 6.591%, (TSFR1M+2.500%), 08/19/2031 | $310145 | 0.3 |
| 175107 | Anticimex Inc., Facility B6, 7.760%, (SOFRRATE+3.400%), 11/16/2028 | 175928 | 0.2 |
| 218350 | Azorra Soar TLB FInance Limited, New Loan, 7.005%, (TSFR1M+2.750%), 10/18/2029 | 219169 | 0.2 |
| 210000 | BCP VI Summit Holdings LP, Initial Term Loan, 7.316%, (TSFR1M+3.500%), 01/30/2032 | 211575 | 0.2 |
| 398000 <sup>(1)</sup> | Chamberlain Group/ Chariot Buyer, 2025 New Term Loan B, 09/08/2032 | 398497 | 0.4 |
| 147423 | Clydesdale Acquisition Holdings Inc., 2025 Incremental Closing Date Term B Loan, 7.566%, (TSFR1M+3.255%), 04/01/2032 | 147434 | 0.1 |
| 2577 <sup>(2)</sup> | Clydesdale Acquisition Holdings Inc., Delayed Draw Term Loan, 7.566%, (TSFR1M+3.250%), 04/01/2032 | 2577 | 0.0 |
| 353225 | Crown Equipment Corporation, Initial Term B-1, 6.604%, (TSFR1M+2.250%), 10/10/2031 | 355157 | 0.4 |
| 450000 <sup>(1)</sup> | DG Investment Intermediate Holdings 2 Inc., Term Loan, 07/09/2032 | 452062 | 0.5 |
| 195000 | GFL Environmental Services Inc., Initial Term Loan, 6.824%, (TSFR3M+2.500%), 03/03/2032 | 195203 | 0.2 |
| 299250 | Goat Holdco LLC, Term B Loans, 7.316%, (TSFR1M+3.000%), 01/27/2032 | 299967 | 0.3 |
| 103694 | Ingram Micro Inc., Term Loan B2, 6.560%, (TSFR3M+2.500%), 09/22/2031 | 104472 | 0.1 |

---

See Accompanying Notes to Financial Statements

Voya Credit Income Fund PORTFOLIO OF INVESTMENTS <br> as of August 31, 2025 (Unaudited) (continued) <br>    

---

| | | | |
|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** |
|  | **Industrial: (continued)** | **Industrial: (continued)** | **Industrial: (continued)** |
| 266295 | Kenan Advantage Group Inc. (The), Term Loan B4, 7.566%, (TSFR1M+3.250%), 01/25/2029 | $262300 | 0.3 |
| 159391 | Lsf11 Trinity Bidco, Inc., Term Loan B, 7.323%, (TSFR1M+3.000%), 06/14/2030 | 159690 | 0.2 |
| 215000 <sup>(1)</sup> | Lsf12 Crown Us Commercial Bidco, LLC, 2025 Refinancing Term Loan, 12/02/2031 | 216344 | 0.2 |
| 395000 | Madison Iaq LLC, 2025 Incremental Term Loan, 7.452%, (TSFR6M+3.250%), 05/06/2032 | 397469 | 0.4 |
| 143141 | Madison Iaq LLC, Initial Term Loan, 6.702%, (TSFR6M+2.500%), 06/21/2028 | 143499 | 0.1 |
| 148875 | Madison Safety & Flow LLC, 2025 Incremental Term B, 7.077%, (TSFR1M+2.750%), 09/26/2031 | 149588 | 0.2 |
| 158400 | MI Windows and Doors LLC, 2024 Incremental Term Loans, 7.066%, (TSFR1M+2.750%), 03/28/2031 | 159353 | 0.2 |
| 155000 | MV Holding GmbH FKA Igloo Holdings Corp, Senior Facility B (USD) Loan, 6.566%, (TSFR1M+2.250%), 03/17/2032 | 155533 | 0.2 |
| 219450 | Novelis Holdings Inc., Initial Term Loan, 6.296%, (TSFR3M+2.000%), 02/20/2032 | 220136 | 0.2 |
| 486473 | Pro Mach Group Inc., Amendment No.5 Refinancing Tl, 7.104%, (TSFR1M+2.750%), 08/31/2028 | 488551 | 0.5 |
| 408975 | Quikrete Holdings Inc., Tranche B-3 Term Loan, 6.566%, (TSFR1M+2.250%), 02/10/2032 | 409287 | 0.4 |
| 230000 | Red SPV LLC, Initial Term Loan, 6.610%, (TSFR1M+2.250%), 03/15/2032 | 230575 | 0.2 |

---

---

| | | | |
|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** |
|  | **Industrial: (continued)** | **Industrial: (continued)** | **Industrial: (continued)** |
| 160000 | Savage Enterprises LLC, Term Loan B, 6.851%, (TSFR1M+2.500%), 07/30/2032 | $160467 | 0.2 |
| 407806 | Service Logic Acquisition Inc., Amendment 8 Refinancing Term Loan, 7.316%, (TSFR1M+3.000%), 10/29/2027 | 408825 | 0.4 |
| 212053 | SPX Flow, Inc., 2025 Term Loans, 7.066%, (TSFR1M+2.750%), 04/05/2029 | 213529 | 0.2 |
| 325000 | Stonepeak Nile Parent LLC, Initial Term Loan, 7.079%, (TSFR3M+2.750%), 04/09/2032 | 326341 | 0.3 |
| 370313 | Third Coast Infrastructure LLC, 2025 Refinancing Term Loans, 8.066%, (TSFR1M+3.750%), 09/25/2030 | 372164 | 0.4 |
| 297000 | Titan Acquisition Limited, Amendment No. 5 Refinancing Term Loan, 8.796%, (TSFR3M+4.500%), 02/15/2029 | 298374 | 0.3 |
| 585056 | TK Elevator Midco Gmbh, (Usd) Term Loan B, 7.197%, (TSFR6M+3.000%), 04/30/2030 | 587752 | 0.6 |
| 295000 | Transdigm, Tranche M Term Loans, 6.853%, (TSFR1M+2.500%), 08/14/2032 | 295530 | 0.3 |
| 365000 <sup>(1)</sup> | TricorBraun Holdings Inc., 03/03/2031 | 363677 | 0.4 |
| 25618 | Trident TPI Holdings Inc., Tranche B-7 Term Loan, 8.046%, (TSFR3M+3.750%), 09/15/2028 | 24574 | 0.0 |
| 332488 | Wilsonart LLC, Initial Term Loans, 8.546%, (TSFR3M+4.250%), 08/05/2031 | 327168 | 0.3 |
|  |  | **9242912** | **9.4** |

---

See Accompanying Notes to Financial Statements

Voya Credit Income Fund PORTFOLIO OF INVESTMENTS <br> as of August 31, 2025 (Unaudited) (continued) <br>    

---

| | | | |
|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** |
|  | **Insurance: 0.9%** | **Insurance: 0.9%** | **Insurance: 0.9%** |
| 219447 | Ima Financial Group, Inc., Initial Term Loan, 7.316%, (TSFR1M+3.000%), 11/01/2028 | $219859 | 0.2 |
| 659382 | Sedgwick Claims Management Services Inc., 2024 Term Loan, 7.327%, (TSFR1M+3.000%), 07/31/2031 | 661580 | 0.7 |
|  |  | **881439** | **0.9** |
|  | **Lodging & Casinos: 0.4%** | **Lodging & Casinos: 0.4%** | **Lodging & Casinos: 0.4%** |
| 384012 | Fertitta Entertainment LLC, Initial B Term Loan, 7.566%, (TSFR1M+3.250%), 01/29/2029 | 384324 | 0.4 |
|  | **Radio & Television: 0.1%** | **Radio & Television: 0.1%** | **Radio & Television: 0.1%** |
| 102155 | DirectV Financing LLC, Closing Date Term Loan, 9.541%, (TSFR3M+5.262%), 08/02/2027 | 102423 | 0.1 |
|  | **Technology: 10.5%** | **Technology: 10.5%** | **Technology: 10.5%** |
| 225000 | Altar Bidco Inc., Second Lien Initial Term Loan, 9.747%, (TSFR12M+5.600%), 02/01/2030 | 213750 | 0.2 |
| 120000 | Applied Systems Inc., Initial Term Loan (2024) (Second Lien), 8.796%, (TSFR3M+4.500%), 02/23/2032 | 123431 | 0.1 |
| 495013 | Applied Systems Inc., Tranche B-1 Term Loan, 6.446%, (TSFR1M+2.250%), 02/24/2031 | 495455 | 0.5 |
| 371693 | Ascend Learning LLC, Amendment No 5 Term Loan, 7.316%, (TSFR1M+3.000%), 12/11/2028 | 371964 | 0.4 |
| 255000 | Asurion LLC, Second Lien Term Loan B3, 9.680%, (TSFR1M+5.364%), 01/31/2028 | 248466 | 0.2 |
| 269325 | BCPE Pequod Buyer Inc., Initial Term Loan, 7.316%, (TSFR1M+3.000%), 11/25/2031 | 270099 | 0.3 |

---

---

| | | | |
|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** |
|  | **Technology: (continued)** | **Technology: (continued)** | **Technology: (continued)** |
| 2 | Cloud Software Group Inc., Initial Dollar Term B Facility, 7.796%, (TSFR3M+3.500%), 03/30/2029 | $2 | 0.0 |
| 399339 | Connectwise, LLC, Initial Term Loan, 8.057%, (TSFR3M+3.762%), 09/29/2028 | 401211 | 0.4 |
| 565000 | Disco Parent Inc., Term Loan, 7.484%, (TSFR3M+3.250%), 08/01/2032 | 569238 | 0.6 |
| 383075 | Dragon Buyer, Inc., Term Loan, 7.046%, (TSFR3M+2.750%), 09/30/2031 | 384128 | 0.4 |
| 279492 | ECI Macola / Max Holding LLC, 2025 Repricing Term Loan, 7.068%, (TSFR3M+2.750%), 05/09/2030 | 280656 | 0.3 |
| 417878 | Epicor Software Corporation, Term F Loans, 6.816%, (TSFR1M+2.500%), 05/30/2031 | 419242 | 0.4 |
| 565000 <sup>(1)</sup> | Finastra Usa, Inc., (Usd) Term Loan, 07/30/2032 | 561963 | 0.6 |
| 203463 | Fortress Intermediate 3 Inc., 2025 Tlb, 7.351%, (TSFR1M+3.000%), 06/27/2031 | 204480 | 0.2 |
| 198958 | Gainwell Acquisition Corp, Term B Loan, 8.396%, (TSFR3M+4.100%), 10/01/2027 | 196223 | 0.2 |
| 577100 | Genesys Cloud Services Holdings II LLC (f/k/a Greeneden US Holdings II LLC), 2025 Dollar Term Loans, 6.816%, (TSFR1M+2.500%), 01/30/2032 | 577894 | 0.6 |
| 239400 <sup>(1)</sup> | Icon Parent I Inc., 2025 Term Loan, 11/13/2031 | 239699 | 0.2 |
| 150000 | Kaseya Inc., Initial Term Loan, 9.316%, (TSFR1M+5.000%), 03/05/2033 | 150469 | 0.2 |
| 274313 | Kaseya Inc., Term Loan, 7.577%, (TSFR1M+3.250%), 03/20/2032 | 275198 | 0.3 |

---

See Accompanying Notes to Financial Statements

Voya Credit Income Fund PORTFOLIO OF INVESTMENTS <br> as of August 31, 2025 (Unaudited) (continued) <br>    

---

| | | | |
|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** |
|  | **Technology: (continued)** |  |  |
| 379050 | Leia FInc.o US LLC, Initial Term Loan, 7.570%, (TSFR3M+3.250%), 10/09/2031 | $380302 | 0.4 |
| 377874 <sup>(1)</sup> | PointClickCare Technologies, 2025 Term Loans, 11/03/2031 | 378110 | 0.4 |
| 503402 | Project Boost Purchaser LLC, 1L Intial Term Loan, 7.068%, (TSFR3M+2.750%), 07/16/2031 | 503402 | 0.5 |
| 227706 <sup>(1)</sup> | Project Ruby Ultimate Parent Corp, Incremental Term B-5, 03/10/2028 | 228190 | 0.2 |
| 242816 | RealPage Inc., First Lien Initial Term Loan, 7.557%, (TSFR3M+3.262%), 04/24/2028 | 242782 | 0.2 |
| 365000 <sup>(1)</sup> | Red Planet Borrower LLC, Tlb, 08/07/2032 | 361122 | 0.4 |
| 325879 | Rocket Software Inc., Term Loan, 8.106%, (TSFR1M+3.750%), 11/28/2028 | 326988 | 0.3 |
| 324000 | Sandisk Corporation, Term B Loan, 7.341%, (TSFR1M+3.000%), 02/23/2032 | 323392 | 0.3 |
| 260995 | Skillsoft Finance II Inc., Initial Term Loan, 9.680%, (TSFR1M+5.364%), 07/14/2028 | 244071 | 0.2 |
| 353225 | Skopima Consilio Parent LLC (FKA GI Consilio), Amendment No. 5 Term Loans, 8.066%, (TSFR1M+3.750%), 05/12/2028 | 333871 | 0.3 |
| 368064 | Sophos Holdings LLC, Dollar Tranche Term Loan, 7.930%, (TSFR1M+3.614%), 03/05/2027 | 369214 | 0.4 |
| 276511 | The Knot Worldwide Inc., Amendment No 5 term Loan, 8.066%, (TSFR1M+3.750%), 01/31/2028 | 277202 | 0.3 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | | **Value** | **Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** | **SENIOR LOANS<sup>\*</sup>: (continued)** |
|  | **Technology: (continued)** | **Technology: (continued)** | **Technology: (continued)** | **Technology: (continued)** |
| 450000 | World Wide Technology Holding Co LLC, 2025 Refinancing Term Loan, 6.323%, (TSFR1M+2.000%), 03/01/2030 | $| 452813 | 0.5 |
|  |  |  | **10405027** | **10.5** |
|  | **Telecommunications: 0.2%** | **Telecommunications: 0.2%** | **Telecommunications: 0.2%** | **Telecommunications: 0.2%** |
| 200000 | Zayo Group Holdings Inc., Initial Dollar Term Loan, 7.430%, (TSFR1M+3.114%), 03/09/2027 |  | 193975 | 0.2 |
|  | **Utilities: 0.6%** | **Utilities: 0.6%** | **Utilities: 0.6%** | **Utilities: 0.6%** |
| 173684 | AL GCX Fund VIII Holdings LLC, Initial Term Loan B, 6.349%, (TSFR1M+2.000%), 01/30/2032 |  | 173521 | 0.2 |
| 312638 | Lightning Power, LLC, Initial Term B Loan, 6.546%, (TSFR3M+2.250%), 08/18/2031 |  | 313159 | 0.3 |
| 125000 | NRG Energy Inc., Term Loan, 6.105%, (TSFR1M+1.750%), 04/16/2031 |  | 125301 | 0.1 |
|  |  |  | **611981** | **0.6** |
|  | Total Senior Loans |  |  |  |
|  | (Cost $62,851,445) |  | **63103722** | **63.9** |
| **CORPORATE BONDS/NOTES: 56.4%** | **CORPORATE BONDS/NOTES: 56.4%** | **CORPORATE BONDS/NOTES: 56.4%** | **CORPORATE BONDS/NOTES: 56.4%** | **CORPORATE BONDS/NOTES: 56.4%** |
|  | **Basic Materials: 4.5%** | **Basic Materials: 4.5%** | **Basic Materials: 4.5%** | **Basic Materials: 4.5%** |
| 370000 <sup>(3)</sup> | Avient Corp., 6.250%, 11/01/2031 |  | 377138 | 0.4 |
| 330000 <sup>(3)</sup> | Capstone Copper Corp., 6.750%, 03/31/2033 |  | 339157 | 0.3 |
| 425000 <sup>(3)</sup> | Chemours Co., 5.750%, 11/15/2028 |  | 409654 | 0.4 |
| 390000 <sup>(3)</sup> | Cleveland-Cliffs, Inc., 4.625%, 03/01/2029 |  | 370912 | 0.4 |
| 75000 <sup>(3)</sup> | Cleveland-Cliffs, Inc., 6.875%, 11/01/2029 |  | 76226 | 0.1 |
| 250000 <sup>(3)</sup> | Constellium SE, 5.625%, 06/15/2028 |  | 248761 | 0.2 |
| 755000 <sup>(3)</sup> | New Gold, Inc., 6.875%, 04/01/2032 |  | 787542 | 0.8 |
| 330000 <sup>(3)</sup> | NOVA Chemicals Corp., 7.000%, 12/01/2031 |  | 347381 | 0.3 |
| 475000 <sup>(3)</sup> | Novelis Corp., 4.750%, 01/30/2030 |  | 457841 | 0.5 |
| 275000 <sup>(3)</sup> | Nufarm Australia Ltd. / Nufarm Americas, Inc., 5.000%, 01/27/2030 |  | 253468 | 0.3 |
| 445000 | Olin Corp., 5.625%, 08/01/2029 |  | 444312 | 0.4 |

---

See Accompanying Notes to Financial Statements

Voya Credit Income Fund PORTFOLIO OF INVESTMENTS <br> as of August 31, 2025 (Unaudited) (continued) <br>    

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | | **Value** | **Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** |
|  | **Basic Materials: (continued)** | **Basic Materials: (continued)** | **Basic Materials: (continued)** | **Basic Materials: (continued)** |
| 200000 <sup>(3)</sup> | SNF Group SACA, 3.375%, 03/15/2030 | $| 184767 | 0.2 |
| 200000 <sup>(3)</sup> | SPCM SA, 3.125%, 03/15/2027 |  | 194368 | 0.2 |
|  |  |  | **4491527** | **4.5** |
|  | **Communications: 5.4%** | **Communications: 5.4%** | **Communications: 5.4%** | **Communications: 5.4%** |
| 180000 <sup>(3)</sup> | Arches Buyer, Inc., 6.125%, 12/01/2028 |  | 174722 | 0.2 |
| 1000000 <sup>(3)</sup> | CCO Holdings LLC / CCO Holdings Capital Corp., 4.750%, 03/01/2030 |  | 961693 | 1 |
| 330000 <sup>(3)</sup> | CommScope, Inc., 4.750%, 09/01/2029 |  | 326452 | 0.3 |
| 350000 <sup>(3)</sup> | Connect Finco Sarl / Connect US Finco LLC, 9.000%, 09/15/2029 |  | 365078 | 0.4 |
| 525000 <sup>(3)</sup> | Directv Financing LLC / Directv Financing Co-Obligor, Inc., 5.875%, 08/15/2027 |  | 522779 | 0.5 |
| 375000 <sup>(3)</sup> | Gray Media, Inc., 7.250%, 08/15/2033 |  | 369707 | 0.4 |
| 350000 | Lamar Media Corp., 4.000%, 02/15/2030 |  | 332985 | 0.3 |
| 75000 <sup>(3)</sup> | Level 3 Financing, Inc., 6.875%, 06/30/2033 |  | 75747 | 0.1 |
| 325000 <sup>(3)</sup> | Match Group Holdings II LLC, 5.625%, 02/15/2029 |  | 325528 | 0.3 |
| 345000 <sup>(3)</sup> | Outfront Media Capital LLC / Outfront Media Capital Corp., 4.625%, 03/15/2030 |  | 329487 | 0.3 |
| 475000 <sup>(3)</sup> | Sirius XM Radio, Inc., 5.000%, 08/01/2027 |  | 473153 | 0.5 |
| 425000 <sup>(3)</sup> | Snap, Inc., 6.875%, 03/15/2034 |  | 427173 | 0.4 |
| 345000 <sup>(3)</sup> | Stagwell Global LLC, 5.625%, 08/15/2029 |  | 333038 | 0.4 |
| 275000 <sup>(3)</sup> | Windstream Escrow LLC / Windstream Escrow Finance Corp., 8.250%, 10/01/2031 |  | 286288 | 0.3 |
|  |  |  | **5303830** | **5.4** |
|  | **Consumer, Cyclical: 10.8%** | **Consumer, Cyclical: 10.8%** | **Consumer, Cyclical: 10.8%** | **Consumer, Cyclical: 10.8%** |
| 100000 <sup>(3)</sup> | 1011778 BC ULC / New Red Finance, Inc., 4.000%, 10/15/2030 |  | 93593 | 0.1 |
| 250000 <sup>(3)</sup> | 1011778 BC ULC / New Red Finance, Inc., 6.125%, 06/15/2029 |  | 256314 | 0.3 |
| 475000 <sup>(3)</sup> | Advance Auto Parts, Inc., 7.000%, 08/01/2030 |  | 487743 | 0.5 |
| 375000 <sup>(3)</sup> | Allison Transmission, Inc., 5.875%, 06/01/2029 |  | 378162 | 0.4 |

---

---

| | | | |
|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** |
|  | **Consumer, Cyclical: (continued)** | **Consumer, Cyclical: (continued)** | **Consumer, Cyclical: (continued)** |
| 173750 <sup>(3)</sup> | American Airlines, Inc./ AAdvantage Loyalty IP Ltd., 5.500%, 04/20/2026 | $174204 | 0.2 |
| 400000 | Asbury Automotive Group, Inc., 4.500%, 03/01/2028 | 395571 | 0.4 |
| 375000 | Bath & Body Works, Inc., 6.750%, 07/01/2036 | 382131 | 0.4 |
| 215000 <sup>(3)</sup> | Caesars Entertainment, Inc., 4.625%, 10/15/2029 | 205167 | 0.2 |
| 250000 <sup>(3)</sup> | Caesars Entertainment, Inc., 6.500%, 02/15/2032 | 256452 | 0.3 |
| 400000 <sup>(3)</sup> | Carnival Corp., 4.000%, 08/01/2028 | 393108 | 0.4 |
| 150000 <sup>(3)</sup> | CCM Merger, Inc., 6.375%, 05/01/2026 | 150237 | 0.2 |
| 300000 <sup>(3)</sup> | eG Global Finance PLC, 12.000%, 11/30/2028 | 331668 | 0.3 |
| 300000 <sup>(3)</sup> | Gap, Inc., 3.625%, 10/01/2029 | 281618 | 0.3 |
| 350000 <sup>(3)</sup> | Group 1 Automotive, Inc., 6.375%, 01/15/2030 | 359272 | 0.4 |
| 330000 <sup>(3)</sup> | Hilton Domestic Operating Co., Inc., 5.875%, 03/15/2033 | 336982 | 0.3 |
| 300000 <sup>(3)</sup> | Installed Building Products, Inc., 5.750%, 02/01/2028 | 300381 | 0.3 |
| 365000 <sup>(3)</sup> | Interface, Inc., 5.500%, 12/01/2028 | 363642 | 0.4 |
| 600000 <sup>(3)</sup> | International Game Technology PLC, 6.250%, 01/15/2027 | 606395 | 0.6 |
| 325000 <sup>(3)</sup> | Macy's Retail Holdings LLC, 6.125%, 03/15/2032 | 317572 | 0.3 |
| 145000 | MGM Resorts International, 6.500%, 04/15/2032 | 148897 | 0.2 |
| 340000 | Murphy Oil USA, Inc., 4.750%, 09/15/2029 | 334679 | 0.3 |
| 330000 <sup>(3)</sup> | NCL Corp. Ltd., 6.750%, 02/01/2032 | 340540 | 0.3 |
| 300000 <sup>(3)</sup> | Newell Brands, Inc., 8.500%, 06/01/2028 | 317467 | 0.3 |
| 415000 <sup>(3)</sup> | Royal Caribbean Cruises Ltd., 5.375%, 07/15/2027 | 418647 | 0.4 |
| 325000 | Sally Holdings LLC / Sally Capital, Inc., 6.750%, 03/01/2032 | 337522 | 0.3 |
| 425000 <sup>(3)</sup> | SeaWorld Parks & Entertainment, Inc., 5.250%, 08/15/2029 | 417472 | 0.4 |

---

See Accompanying Notes to Financial Statements

Voya Credit Income Fund PORTFOLIO OF INVESTMENTS <br> as of August 31, 2025 (Unaudited) (continued) <br>    

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | | **Value** | **Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** |
|  | **Consumer, Cyclical: (continued)** | **Consumer, Cyclical: (continued)** | **Consumer, Cyclical: (continued)** | **Consumer, Cyclical: (continued)** |
| 275000 <sup>(3)</sup> | Station Casinos LLC, 4.500%, 02/15/2028 | $| 271228 | 0.3 |
| 400000 <sup>(3)</sup> | Tempur Sealy International, Inc., 4.000%, 04/15/2029 |  | 384879 | 0.4 |
| 280000 <sup>(3)</sup> | Victoria's Secret & Co., 4.625%, 07/15/2029 |  | 266017 | 0.3 |
| 225000 <sup>(3)</sup> | Viking Cruises Ltd., 5.875%, 09/15/2027 |  | 225176 | 0.2 |
| 330000 <sup>(3)</sup> | William Carter Co., 5.625%, 03/15/2027 |  | 330102 | 0.3 |
| 475000 <sup>(3)</sup> | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp., 5.250%, 05/15/2027 |  | 475614 | 0.5 |
| 330000 <sup>(3)</sup> | ZF North America Capital, Inc., 6.875%, 04/14/2028 |  | 334500 | 0.3 |
|  |  |  | **10672952** | **10.8** |
|  | **Consumer, Non-cyclical: 10.5%** | **Consumer, Non-cyclical: 10.5%** | **Consumer, Non-cyclical: 10.5%** | **Consumer, Non-cyclical: 10.5%** |
| 335000 <sup>(3)</sup> | Acadia Healthcare Co., Inc., 5.500%, 07/01/2028 |  | 333569 | 0.3 |
| 675000 <sup>(3)</sup> | Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons L.P. / Albertsons LLC, 5.875%, 02/15/2028 |  | 675346 | 0.7 |
| 305000 <sup>(3)</sup> | Albion Financing 1 Sarl / Aggreko Holdings, Inc., 7.000%, 05/21/2030 |  | 315493 | 0.3 |
| 245000 <sup>(3)</sup> | Alta Equipment Group, Inc., 9.000%, 06/01/2029 |  | 233310 | 0.2 |
| 275000 <sup>(3)</sup> | APi Group DE, Inc., 4.750%, 10/15/2029 |  | 271483 | 0.3 |
| 400000 <sup>(3)</sup> | Belron UK Finance PLC, 5.750%, 10/15/2029 |  | 405370 | 0.4 |
| 110000 <sup>(3)</sup> | Brink's Co., 6.500%, 06/15/2029 |  | 113201 | 0.1 |
| 210000 <sup>(3)</sup> | Brink's Co., 6.750%, 06/15/2032 |  | 217711 | 0.2 |
| 175000 <sup>(3)</sup> | CHS/Community Health Systems, Inc., 5.250%, 05/15/2030 |  | 157022 | 0.2 |
| 450000 <sup>(3)</sup> | Cimpress PLC, 7.375%, 09/15/2032 |  | 452094 | 0.5 |
| 293000 <sup>(3)</sup> | CPI CG, Inc., 10.000%, 07/15/2029 |  | 306945 | 0.3 |
| 410000 <sup>(3)</sup> | DaVita, Inc., 4.625%, 06/01/2030 |  | 395024 | 0.4 |
| 330000 <sup>(3)</sup> | Embecta Corp., 5.000%, 02/15/2030 |  | 309593 | 0.3 |
| 425000 <sup>(3)</sup> | EquipmentShare. com, Inc., 8.000%, 03/15/2033 |  | 451877 | 0.5 |
| 275000 <sup>(3)</sup> | Graham Holdings Co., 5.750%, 06/01/2026 |  | 273974 | 0.3 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | | **Value** | **Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** |
|  | **Consumer, Non-cyclical: (continued)** | **Consumer, Non-cyclical: (continued)** | **Consumer, Non-cyclical: (continued)** | **Consumer, Non-cyclical: (continued)** |
| 220000 <sup>(3)</sup> | Insulet Corp., 6.500%, 04/01/2033 | $| 228270 | 0.2 |
| 400000 <sup>(3)</sup> | Jazz Securities DAC, 4.375%, 01/15/2029 |  | 391831 | 0.4 |
| 150000 <sup>(3)</sup> | LifePoint Health, Inc., 10.000%, 06/01/2032 |  | 154671 | 0.1 |
| 275000 <sup>(3)</sup> | Medline Borrower L.P., 3.875%, 04/01/2029 |  | 264240 | 0.3 |
| 195000 <sup>(3)</sup> | Medline Borrower L.P., 5.250%, 10/01/2029 |  | 193234 | 0.2 |
| 400000 <sup>(3)</sup> | Organon & Co / Organon Foreign Debt Co-Issuer BV, 5.125%, 04/30/2031 |  | 343058 | 0.3 |
| 350000 | Perrigo Finance Unlimited Co. USD, 6.125%, 09/30/2032 |  | 352496 | 0.4 |
| 175000 <sup>(3)</sup> | Post Holdings, Inc., 5.500%, 12/15/2029 |  | 174581 | 0.2 |
| 170000 <sup>(3)</sup> | Post Holdings, Inc., 6.250%, 10/15/2034 |  | 171432 | 0.2 |
| 95000 <sup>(3)</sup> | Post Holdings, Inc., 6.375%, 03/01/2033 |  | 96202 | 0.1 |
| 365000 <sup>(3)</sup> | Primo Water Holdings, Inc. / Triton Water Holdings, Inc., 4.375%, 04/30/2029 |  | 353282 | 0.4 |
| 360000 <sup>(3)</sup> | Select Medical Corp., 6.250%, 12/01/2032 |  | 362400 | 0.4 |
| 330000 | Service Corp. International, 5.750%, 10/15/2032 |  | 333692 | 0.3 |
| 360000 <sup>(3)</sup> | Simmons Foods, Inc./ Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.625%, 03/01/2029 |  | 346093 | 0.3 |
| 500000 | Tenet Healthcare Corp., 4.625%, 06/15/2028 |  | 494721 | 0.5 |
| 300000 <sup>(3)</sup> | United Natural Foods, Inc., 6.750%, 10/15/2028 |  | 299760 | 0.3 |
| 325000 | United Rentals North America, Inc., 5.250%, 01/15/2030 |  | 326189 | 0.3 |
| 270000 <sup>(3)</sup> | US Foods, Inc., 5.750%, 04/15/2033 |  | 271557 | 0.3 |
| 330000 <sup>(3)</sup> | Williams Scotsman, Inc., 6.625%, 04/15/2030 |  | 341830 | 0.3 |
|  |  |  | **10411551** | **10.5** |
|  | **Energy: 7.1%** | **Energy: 7.1%** | **Energy: 7.1%** | **Energy: 7.1%** |
| 425000 <sup>(3)</sup> | Antero Midstream Partners L.P. / Antero Midstream Finance Corp., 5.750%, 03/01/2027 |  | 425162 | 0.4 |

---

See Accompanying Notes to Financial Statements

Voya Credit Income Fund PORTFOLIO OF INVESTMENTS <br> as of August 31, 2025 (Unaudited) (continued) <br>    

---

| | | | |
|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** |
|  | **Energy: (continued)** | **Energy: (continued)** | **Energy: (continued)** |
| 425000 <sup>(3)</sup> | Archrock Partners L.P. / Archrock Partners Finance Corp., 6.250%, 04/01/2028 | $426689 | 0.4 |
| 325000 <sup>(3)</sup> | Ascent Resources Utica Holdings LLC / ARU Finance Corp., 5.875%, 06/30/2029 | 324455 | 0.3 |
| 315000 <sup>(3)</sup> | Baytex Energy Corp., 8.500%, 04/30/2030 | 321813 | 0.3 |
| 290000 <sup>(3)</sup> | Civitas Resources, Inc., 8.750%, 07/01/2031 | 298692 | 0.3 |
| 325000 <sup>(3)</sup> | Crescent Energy Finance LLC, 7.625%, 04/01/2032 | 323896 | 0.3 |
| 385000 <sup>(3)</sup> | Delek Logistics Partners L.P. / Delek Logistics Finance Corp., 7.125%, 06/01/2028 | 386816 | 0.4 |
| 445000 <sup>(3)</sup> | DT Midstream, Inc., 4.125%, 06/15/2029 | 432764 | 0.5 |
| 300000 <sup>(3)</sup> | Earthstone Energy Holdings LLC, 8.000%, 04/15/2027 | 305802 | 0.3 |
| 288000 <sup>(3)</sup> | Enerflex Ltd., 9.000%, 10/15/2027 | 296622 | 0.3 |
| 380000 <sup>(3)</sup> | Global Partners L.P. / GLP Finance Corp., 8.250%, 01/15/2032 | 399733 | 0.4 |
| 340000 <sup>(3)</sup> | Howard Midstream Energy Partners LLC, 7.375%, 07/15/2032 | 354790 | 0.4 |
| 350000 <sup>(3)</sup> | Kinetik Holdings L.P., 5.875%, 06/15/2030 | 353217 | 0.4 |
| 310000 <sup>(3)</sup> | Kodiak Gas Services LLC, 7.250%, 02/15/2029 | 320845 | 0.3 |
| 325000 <sup>(3)</sup> | Northriver Midstream Finance L.P., 6.750%, 07/15/2032 | 334456 | 0.4 |
| 110000 <sup>(3)</sup> | Permian Resources Operating LLC, 6.250%, 02/01/2033 | 112120 | 0.1 |
| 300000 <sup>(3)</sup> | Summit Midstream Holdings LLC, 8.625%, 10/31/2029 | 299433 | 0.3 |
| 390000 | Sunoco L.P. / Sunoco Finance Corp., 4.500%, 05/15/2029 | 380394 | 0.4 |
| 74250 <sup>(3)</sup> | Transocean Poseidon Ltd., 6.875%, 02/01/2027 | 74468 | 0.1 |
| 225000 <sup>(3)</sup> | Venture Global LNG, Inc., 7.000%, 01/15/2030 | 232001 | 0.2 |
| 540000 <sup>(3)</sup> | Venture Global LNG, Inc., 8.125%, 06/01/2028 | 559887 | 0.6 |
|  |  | **6964055** | **7.1** |

---

---

| | | | |
|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** |
|  | **Financial: 6.5%** | **Financial: 6.5%** | **Financial: 6.5%** |
| 400000 <sup>(3)</sup> | Acrisure LLC / Acrisure Finance, Inc., 6.000%, 08/01/2029 | $392411 | 0.4 |
| 150000 <sup>(3)</sup> | Acrisure LLC / Acrisure Finance, Inc., 7.500%, 11/06/2030 | 155551 | 0.2 |
| 300000 <sup>(3)</sup> | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer, 6.500%, 10/01/2031 | 307043 | 0.3 |
| 225000 <sup>(3)</sup> | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer, 7.375%, 10/01/2032 | 232084 | 0.3 |
| 200000 <sup>(3)</sup> | Burford Capital Global Finance LLC, 6.250%, 04/15/2028 | 199845 | 0.2 |
| 400000 <sup>(3)</sup> | Focus Financial Partners LLC, 6.750%, 09/15/2031 | 413682 | 0.4 |
| 120000 <sup>(3)</sup> | Freedom Mortgage Holdings LLC, 9.125%, 05/15/2031 | 126379 | 0.1 |
| 330000 <sup>(3)</sup> | Icahn Enterprises L.P. / Icahn Enterprises Finance Corp., 10.000%, 11/15/2029 | 327074 | 0.3 |
| 330000 <sup>(3)</sup> | Iron Mountain, Inc., 5.250%, 07/15/2030 | 326788 | 0.3 |
| 420000 <sup>(3)</sup> | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp., 4.250%, 02/01/2027 | 413384 | 0.4 |
| 400000 <sup>(3)</sup> | Midcap Financial Issuer Trust, 6.500%, 05/01/2028 | 399115 | 0.4 |
| 425000 <sup>(3)</sup> | Nationstar Mortgage Holdings, Inc., 5.500%, 08/15/2028 | 424410 | 0.4 |
| 575000 | Navient Corp., 5.000%, 03/15/2027 | 571190 | 0.6 |
| 525000 | OneMain Finance Corp., 3.500%, 01/15/2027 | 514124 | 0.5 |
| 320000 <sup>(3)</sup> | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer, 7.000%, 02/01/2030 | 330666 | 0.3 |
| 330000 <sup>(3)</sup> | PennyMac Financial Services, Inc., 6.875%, 02/15/2033 | 337392 | 0.4 |
| 370000 <sup>(3)</sup> | PRA Group, Inc., 5.000%, 10/01/2029 | 347995 | 0.4 |
| 310000 <sup>(3)</sup> | Rocket Cos., Inc., 6.375%, 08/01/2033 | 322082 | 0.3 |

---

See Accompanying Notes to Financial Statements

Voya Credit Income Fund PORTFOLIO OF INVESTMENTS <br> as of August 31, 2025 (Unaudited) (continued) <br>    

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | | **Value** | **Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** |
|  | **Financial: (continued)** | **Financial: (continued)** | **Financial: (continued)** | **Financial: (continued)** |
| 300000 <sup>(3)</sup> | VFH Parent LLC / Valor Co-Issuer, Inc., 7.500%, 06/15/2031 | $| 315937 | 0.3 |
|  |  |  | **6457152** | **6.5** |
|  | **Industrial: 7.5%** | **Industrial: 7.5%** | **Industrial: 7.5%** | **Industrial: 7.5%** |
| 315000 <sup>(3)</sup> | AAR Escrow Issuer LLC, 6.750%, 03/15/2029 |  | 324383 | 0.3 |
| 325000 <sup>(3)</sup> | AmeriTex HoldCo Intermediate LLC, 7.625%, 08/15/2033 |  | 335633 | 0.3 |
| 220000 <sup>(3)</sup> | Amsted Industries, Inc., 6.375%, 03/15/2033 |  | 225507 | 0.2 |
| 335000 <sup>(3)</sup> | Arcosa, Inc., 6.875%, 08/15/2032 |  | 349728 | 0.4 |
| 55000 <sup>(3)</sup> | Bombardier, Inc., 7.250%, 07/01/2031 |  | 58054 | 0.1 |
| 350000 <sup>(3)</sup> | Cascades, Inc. / Cascades USA, Inc., 5.375%, 01/15/2028 |  | 345113 | 0.3 |
| 225000 <sup>(3)</sup> | Clean Harbors, Inc., 5.125%, 07/15/2029 |  | 223101 | 0.2 |
| 330000 <sup>(3)</sup> | Emerald Debt Merger Sub LLC, 6.625%, 12/15/2030 |  | 339331 | 0.3 |
| 327000 <sup>(3)</sup> | Fortress Transportation and Infrastructure Investors LLC, 5.875%, 04/15/2033 |  | 327903 | 0.3 |
| 385000 <sup>(3)</sup> | GFL Environmental, Inc., 4.000%, 08/01/2028 |  | 375608 | 0.4 |
| 275000 <sup>(3)</sup> | Global Infrastructure Solutions, Inc., 5.625%, 06/01/2029 |  | 276775 | 0.3 |
| 300000 <sup>(3)</sup> | Graham Packaging Co., Inc., 7.125%, 08/15/2028 |  | 300740 | 0.3 |
| 390000 <sup>(3)</sup> | Imola Merger Corp., 4.750%, 05/15/2029 |  | 380462 | 0.4 |
| 340000 <sup>(3)</sup> | Owens-Brockway Glass Container, Inc., 7.250%, 05/15/2031 |  | 346373 | 0.4 |
| 330000 <sup>(3)</sup> | Quikrete Holdings, Inc., 6.375%, 03/01/2032 |  | 340552 | 0.3 |
| 375000 <sup>(3)</sup> | Sealed Air Corp., 4.000%, 12/01/2027 |  | 367390 | 0.4 |
| 420000 <sup>(3)</sup> | Sensata Technologies BV, 4.000%, 04/15/2029 |  | 402682 | 0.4 |
| 250000 <sup>(3)</sup> | Smyrna Ready Mix Concrete LLC, 8.875%, 11/15/2031 |  | 266862 | 0.3 |
| 350000 <sup>(3)</sup> | Standard Industries, Inc., 4.750%, 01/15/2028 |  | 346959 | 0.4 |
| 220000 <sup>(3)</sup> | Stonepeak Nile Parent LLC, 7.250%, 03/15/2032 |  | 231107 | 0.2 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | | **Value** | **Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** |
|  | **Industrial: (continued)** | **Industrial: (continued)** | **Industrial: (continued)** | **Industrial: (continued)** |
| 300000 <sup>(3)</sup> | Terex Corp., 6.250%, 10/15/2032 | $| 303887 | 0.3 |
| 315000 <sup>(3)</sup> | TransDigm, Inc., 6.375%, 05/31/2033 |  | 319974 | 0.3 |
| 330000 <sup>(3)</sup> | Waste Pro USA, Inc., 7.000%, 02/01/2033 |  | 345883 | 0.4 |
| 275000 <sup>(3)</sup> | Weekley Homes LLC / Weekley Finance Corp., 4.875%, 09/15/2028 |  | 268687 | 0.3 |
|  |  |  | **7402694** | **7.5** |
|  | **Technology: 1.7%** | **Technology: 1.7%** | **Technology: 1.7%** | **Technology: 1.7%** |
| 325000 <sup>(3)</sup> | Amentum Escrow Corp., 7.250%, 08/01/2032 |  | 339163 | 0.4 |
| 310000 <sup>(3)</sup> | Cloud Software Group, Inc., 6.500%, 03/31/2029 |  | 313655 | 0.3 |
| 325000 <sup>(3)</sup> | Entegris Escrow Corp., 5.950%, 06/15/2030 |  | 329455 | 0.3 |
| 495000 <sup>(3)</sup> | Open Text Holdings, Inc., 4.125%, 02/15/2030 |  | 467701 | 0.5 |
| 195000 <sup>(3)</sup> | UKG, Inc., 6.875%, 02/01/2031 |  | 201772 | 0.2 |
|  |  |  | **1651746** | **1.7** |
|  | **Utilities: 2.4%** | **Utilities: 2.4%** | **Utilities: 2.4%** | **Utilities: 2.4%** |
| 275000 <sup>(3)</sup> | Alpha Generation LLC, 6.750%, 10/15/2032 |  | 283723 | 0.3 |
| 645000 <sup>(3)</sup> | Calpine Corp., 5.125%, 03/15/2028 |  | 644930 | 0.7 |
| 325000 <sup>(3)</sup> | Lightning Power LLC, 7.250%, 08/15/2032 |  | 344980 | 0.3 |
| 175000 <sup>(3)</sup> | NRG Energy, Inc., 6.000%, 02/01/2033 |  | 177466 | 0.2 |
| 195000 <sup>(3)</sup> | NRG Energy, Inc., 6.250%, 11/01/2034 |  | 200045 | 0.2 |
| 400000 <sup>(3)</sup> | Vistra Operations Co. LLC, 5.625%, 02/15/2027 |  | 400412 | 0.4 |
| 305000 <sup>(3)</sup> | Vistra Operations Co. LLC, 6.875%, 04/15/2032 |  | 320290 | 0.3 |
|  |  |  | **2371846** | **2.4** |
|  | Total Corporate Bonds/ Notes |  |  |  |
|  | (Cost $54,726,948) |  | **55727353** | **56.4** |
| **ASSET-BACKED SECURITIES: 5.2%** | **ASSET-BACKED SECURITIES: 5.2%** | **ASSET-BACKED SECURITIES: 5.2%** | **ASSET-BACKED SECURITIES: 5.2%** | **ASSET-BACKED SECURITIES: 5.2%** |
|  | **Other Asset-Backed Securities: 5.2%** | **Other Asset-Backed Securities: 5.2%** | **Other Asset-Backed Securities: 5.2%** | **Other Asset-Backed Securities: 5.2%** |
| 500000 <sup>(3)(4)</sup> | Ares LXXIV CLO Ltd. 2024-74A E, 10.809%, (TSFR3M + 6.000%), 10/15/2036 |  | 504777 | 0.5 |
| 500000 <sup>(3)(4)</sup> | Bain Capital Credit Clo Ltd. 2024-5A E, 10.759%, (TSFR3M + 6.150%), 10/21/2037 |  | 508759 | 0.5 |

---

See Accompanying Notes to Financial Statements

Voya Credit Income Fund PORTFOLIO OF INVESTMENTS <br> as of August 31, 2025 (Unaudited) (continued) <br>    

---

| | | | |
|:---|:---|:---|:---|
| <br>**Principal**<br>**Amount†** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **ASSET-BACKED SECURITIES: (continued)** | **ASSET-BACKED SECURITIES: (continued)** | **ASSET-BACKED SECURITIES: (continued)** | **ASSET-BACKED SECURITIES: (continued)** |
|  | **Other Asset-Backed Securities: (continued)** | **Other Asset-Backed Securities: (continued)** | **Other Asset-Backed Securities: (continued)** |
| 500000 <sup>(3)(4)</sup> | Benefit Street Partners CLO XXVII Ltd. 2022-27A ER, 10.475%, (TSFR3M + 6.150%), 10/20/2037 | $508747 | 0.5 |
| 358629 <sup>(3)(4)</sup> | Carlyle US CLO Ltd. 2024-3A E, 10.718%, (TSFR3M + 6.400%), 07/25/2036 | 365392 | 0.4 |
| 250000 <sup>(3)(4)</sup> | Carlyle US CLO Ltd. 2024-7A E, 9.818%, (TSFR3M + 5.500%), 01/15/2037 | 252951 | 0.3 |
| 500000 <sup>(3)(4)</sup> | Elmwood CLO 33 Ltd. 2024-9RA ER, 10.973%, (TSFR3M + 5.850%), 10/21/2037 | 503160 | 0.5 |
| 500000 <sup>(3)(4)</sup> | Harmony-Peace Park CLO Ltd. 2024-1A E, 10.248%, (TSFR3M + 5.700%), 10/20/2037 | 506227 | 0.5 |
| 450000 <sup>(3)(4)</sup> | Neuberger Berman Loan Advisers Clo 44 Ltd. 2021-44A DR, 6.968%, (TSFR3M + 2.650%), 10/16/2035 | 450944 | 0.5 |
| 250000 <sup>(3)(4)</sup> | Octagon 71 Ltd. 2024-1A D1, 7.979%, (TSFR3M + 3.650%), 04/18/2037 | 251744 | 0.2 |
| 250000 <sup>(3)(4)</sup> | Octagon 71 Ltd. 2024-1A E, 11.079%, (TSFR3M + 6.750%), 04/18/2037 | 252492 | 0.3 |
| 250000 <sup>(3)(4)</sup> | Sixth Street CLO XXIV Ltd. 2024-24A D, 7.919%, (TSFR3M + 3.600%), 04/23/2037 | 252397 | 0.2 |
| 250000 <sup>(3)(4)</sup> | Sixth Street CLO XXIV Ltd. 2024-24A E, 10.969%, (TSFR3M + 6.650%), 04/23/2037 | 254148 | 0.3 |
| 500000 <sup>(3)(4)</sup> | Symphony CLO 44 Ltd. 2024-44A E, 10.470%, (TSFR3M + 6.150%), 07/14/2037 | 509872 | 0.5 |
|  |  | **5121610** | **5.2** |
|  | Total Asset-Backed Securities |  |  |
|  | (Cost $5,054,968) | **5121610** | **5.2** |

---

---

| | | | |
|:---|:---|:---|:---|
| <br>**Shares** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **COMMON STOCK: 0.0%** | **COMMON STOCK: 0.0%** | **COMMON STOCK: 0.0%** | **COMMON STOCK: 0.0%** |
|  | **Business Equipment & Services: 0.0%** | **Business Equipment & Services: 0.0%** | **Business Equipment & Services: 0.0%** |
| 13045 <sup>(5)</sup> | Yak Access LLC Series A | 131 | 0.0 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Shares** | | **Value** | **Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **COMMON STOCK: (continued)** | **COMMON STOCK: (continued)** | **COMMON STOCK: (continued)** | **COMMON STOCK: (continued)** | **COMMON STOCK: (continued)** |
|  | **Business Equipment & Services: (continued)** | **Business Equipment & Services: (continued)** | **Business Equipment & Services: (continued)** | **Business Equipment & Services: (continued)** |
| 1333 <sup>(5)</sup> | Yak Access LLC Series B | $| 13 | 0.0 |
|  |  |  | **144** | **0.0** |
|  | **Communication Services: 0.0%** | **Communication Services: 0.0%** | **Communication Services: 0.0%** | **Communication Services: 0.0%** |
| 3697 <sup>(6)</sup> | Cumulus Media, Inc. — Class A |  | 618 | 0.0 |
|  | **Consumer Discretionary: 0.0%** | **Consumer Discretionary: 0.0%** | **Consumer Discretionary: 0.0%** | **Consumer Discretionary: 0.0%** |
| 549518 <sup>(5)</sup> | 24 Hour Fitness Worldwide, Inc. |  | 3847 | 0.0 |
| 42856 <sup>(5)</sup> | Anchor Hocking Holdings |  | 428 | 0.0 |
| 169 <sup>(5)</sup> | Travelport Tech Ltd. |  | 56556 | 0.0 |
|  |  |  | **60831** | **0.0** |
|  | Total Common Stock |  |  |  |
|  | (Cost $1,272,557) |  | **61593** | **0.0** |
|  | Total Long-Term Investments |  |  |  |
|  | (Cost $123,905,918) |  | **124014278** | **125.5** |

---

---

| | | | |
|:---|:---|:---|:---|
| <br>**Shares** | |<br>**Value** | **Percentage**<br>**of Net**<br>**Assets** |
| **SHORT-TERM INVESTMENTS: 0.6%** | **SHORT-TERM INVESTMENTS: 0.6%** | **SHORT-TERM INVESTMENTS: 0.6%** | **SHORT-TERM INVESTMENTS: 0.6%** |
|  | **Mutual Funds: 0.6%** | **Mutual Funds: 0.6%** | **Mutual Funds: 0.6%** |
| 547291 <sup>(7)</sup> | BlackRock Liquidity Funds, FedFund, Institutional Class, 4.180% |  |  |
|  | (Cost $547,291) | $**547291** | **0.6** |
|  | Total Short-Term Investments |  |  |
|  | (Cost $547,291) | **547291** | **0.6** |
|  | **Total Investments in Securities** |  |  |
|  | **(Cost $124,453,209)** | $**124561569** | **126.1** |
|  | **Liabilities in Excess of Other Assets** | **(25795261)** | **(26.1)** |
|  | **Net Assets** | $**98766308** | **100.0** |

---

See Accompanying Notes to Financial Statements

Voya Credit Income Fund PORTFOLIO OF INVESTMENTS <br> as of August 31, 2025 (Unaudited) (continued) <br>    

<sup>\*</sup> Senior Loans, while exempt from registration under the Securities Act of 1933, as amended, contain certain restrictions on resale and cannot be sold publicly. These senior loans bear interest (unless otherwise noted) at rates that float periodically at a margin above the Secured Overnight Financing Rate ("SOFR") and other short-term rates.

---

| | |
|:---|:---|
| <sup>†</sup> | Unless otherwise indicated, principal amount is shown in USD. |

---

<sup>(1)</sup> Contract rates that are not disclosed do not take effect until settlement date and have yet to be determined.

<sup>(2)</sup> All or a portion of this holding is subject to unfunded loan commitments. Please refer to Note 8 for additional details.

<sup>(3)</sup> 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.

<sup>(4)</sup> Variable rate security. Rate shown is the rate in effect as of August 31, 2025.

<sup>(5)</sup> For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs.

<sup>(6)</sup> Non-income producing security.

<sup>(7)</sup> Rate shown is the 7-day yield as of August 31, 2025.

Reference Rate Abbreviations:

SOFRRATE 1-day Secured Overnight Financing Rate

TSFR1M 1-month CME Term Secured Overnight Financing Rate

TSFR3M 3-month CME Term Secured Overnight Financing Rate

TSFR6M 6-month CME Term Secured Overnight Financing Rate

TSFR12M 12-month CME Term Secured Overnight Financing Rate

See Accompanying Notes to Financial Statements

Voya Credit Income Fund PORTFOLIO OF INVESTMENTS <br> as of August 31, 2025 (Unaudited) (continued) <br>    

**Fair Value Measurements** **<sup>^</sup>**

The following is a summary of the fair valuations according to the inputs used as of August 31, 2025 in valuing the assets and liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Quoted Prices**<br>**in Active Markets**<br>**for Identical**<br>**Investments**<br>**(Level 1)** |<br>**Significant Other**<br>**Observable**<br>**Inputs**<br>**(Level 2)** |<br>**Significant**<br>**Unobservable**<br>**Inputs**<br>**(Level 3)** |<br>**Fair Value**<br>**at**<br>**August 31, 2025** |
| **Asset Table** |  |  |  |  |
| **Investments, at fair value** |  |  |  |  |
| Common Stock |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Business Equipment & Services | $— | $— | $144 | $144 |
| &nbsp;&nbsp;&nbsp;Communication Services | 618 |  |  | 618 |
| &nbsp;&nbsp;&nbsp;Consumer Discretionary |  |  | 60831 | 60831 |
| Total Common Stock | 618 |  | 60975 | 61593 |
| Senior Loans |  | 63103722 |  | 63103722 |
| Corporate Bonds/Notes |  | 55727353 |  | 55727353 |
| Asset-Backed Securities |  | 5121610 |  | 5121610 |
| Short-Term Investments | 547291 |  |  | 547291 |
| Total Investments, at fair value | $547909 | $123952685 | $60975 | $124561569 |

---

<sup>^</sup> See Note 2, "Significant Accounting Policies" in the Notes to Financial Statements for additional information.

At August 31, 2025, 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 U.S. federal income tax purposes was $124,453,209. |  |
| Net unrealized appreciation consisted of: |  |
| Gross Unrealized Appreciation | $1604332 |
| Gross Unrealized Depreciation | (1495972) |
| Net Unrealized Appreciation | $108360 |

---

See Accompanying Notes to Financial Statements

ADDITIONAL INFORMATION (Unaudited)

------

**PROXY VOTING INFORMATION**

A description of the policies and procedures that the Fund uses to determine how to vote proxies related to portfolio securities is available: (1) without charge, upon request, by calling Shareholder Services toll free at (800) 992-0180; and (2) on the U.S. Securities and Exchange Commission's ("SEC's") website at www.sec.gov. Information regarding how the Fund voted proxies related to portfolio securities during the most recent 12-month period ended June 30 is available without charge on the Fund's website at www. voyainvestments.com and on the SEC's website at www. sec.gov.

**QUARTERLY PORTFOLIO HOLDINGS**

The Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form NPORT-P. The Fund's Forms NPORT-P are available on the SEC's website at www.sec.gov. The Fund's complete schedule of portfolio holdings is available on: https://individuals.voya.com/product/mutual-fund/prospectuses-reports and without charge upon request from the Fund by calling Shareholder Services toll-free at (800) 992-0180.

[This Page Intentionally Left Blank]

[This Page Intentionally Left Blank]

---

| | |
|:---|:---|
| **Investment Adviser** | **Distributor** |
| Voya Investments, LLC | Voya Investments Distributor, LLC |
| 7337 East Doubletree Ranch Road, Suite 100 | 7337 East Doubletree Ranch Road, Suite 100 |
| Scottsdale, Arizona 85258 | Scottsdale, Arizona 85258 |
| **Sub-Adviser** | **Custodian** |
| Voya Investment Management Co. LLC | The Bank of New York Mellon |
| 230 Park Avenue | 225 Liberty Street |
| New York, New York 10169 | New York, New York 10286 |
| **Institutional Investors and Analysts** | **Legal Counsel** |
| Call Voya Credit Income Fund | Ropes & Gray LLP |
| 1-800-336-3436 | Prudential Tower |
|  | 800 Boylston Street |
|  | Boston, Massachusetts 02199 |

---

**Written Requests**

Please mail all account inquires and other comments to:

Voya Credit Income Fund

7337 East Doubletree Ranch Road, Suite 100

Scottsdale, Arizona 85258

**Transfer Agent**

BNY Mellon Investment Servicing (U.S.) Inc.

103 Bellevue Parkway

Wilmington, Delaware 19809

**Toll-Free Shareholder Information**

Call us from 9:00 a.m. to 7:00 p.m. Eastern Time on any business day for account or other information at (800) 992-0180.

---

| | |
|:---|:---|
| RETIREMENT \| INVESTMENTS \| INSURANCE | ![](tm2525803d1_credtin-04img01.jpg) |

---

---

| | |
|:---|:---|
| voyainvestments.com | **163325 (0825)** |

---

(b) Not applicable.

**Item 2. Code of Ethics.**

Not required for semi-annual filing.

**Item 3. Audit Committee Financial Expert.**

Not required for semi-annual filing.

**Item 4. Principal Accountant Fees and Services.**

Not required for semi-annual filing.

**Item 5. Audit Committee of Listed Registrants.**

Not required for semi-annual filing.

**Item 6. Investments.**

(a) Schedule is included as part of the report to shareholders filed under Item 1 of this Form.

(b) Not applicable.

**Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.**

Not applicable.

**Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.**

Not applicable.

**Item 9. Proxy Disclosures for Open-End Management Investment Companies.**

Not applicable.

**Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.**

Not applicable.

**Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.**

None.

**Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.**

Not required for semi-annual filing.

**Item 13. Portfolio Managers of Closed-End Management Investment Companies.**

Not required for semi-annual filing.

**Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.**

None.

**Item 15. Submission of Matters to a Vote of Security Holders.**

There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant's board of directors, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.

**Item 16. Controls and Procedures.**

(a) Based on our evaluation conducted within 90 days of the filing date, hereof, the design and operation
of the registrant's disclosure controls and procedures are effective to ensure that material information relating to the registrant
is made known to the certifying officers by others within the appropriate entities, particularly during the period in which Forms N-CSR
are being prepared, and the registrant's disclosure controls and procedures allow timely preparation and review of the information
for the registrant's Form N-CSR and the officer certifications of such Form N-CSR.

(b) There were no significant changes in the registrant's internal controls that occurred during the
period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal
control over financial reporting.

**Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

Not required for semi-annual filing.

**Item 18. Recovery of Erroneously Awarded Compensation.**

Not Applicable.

**Item 19. Exhibits.**

(a)(1) The Code of Ethics is not required for the semi-annual filing.

(a)(2) Not applicable.

---

| | |
|:---|:---|
| [(a)(3)](tm2525803d1_ex99-cert.htm) | [A separate certification for each principal executive officer and principal financial officer of the registrant is required by Rule 30a-2 under the Act (17 CFR 270.30a-2) is attached hereto as EX-99.CERT.](tm2525803d1_ex99-cert.htm) |

---

(a)(4) Not applicable.

(a)(5) Not applicable.

[(b)](tm2525803d1_ex99-906cert.htm) [The officer certifications required by Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto as EX-99.906CERT.](tm2525803d1_ex99-906cert.htm)

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
| (Registrant): Voya Credit Income Fund | (Registrant): Voya Credit Income Fund |
| By | /s/ Christian G. Wilson |
|  | Christian G. Wilson |
|  | Principal Executive Officer |

---

Date: November 10, 2025

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By | /s/ Christian G. Wilson |
|  | Christian G. Wilson |
|  | Principal Executive Officer |

---

Date: November 10, 2025

---

| | |
|:---|:---|
| By | /s/ Todd Modic |
|  | Todd Modic |
|  | Principal Financial Officer |

---

Date: November 10, 2025

## Ex-99.Cert

**EX-99.CERT**

**<u>CERTIFICATION</u>**

I, Christian G. Wilson, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of Voya
 Credit Income Fund ;

&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement
 of a material fact or omit to state a material fact necessary to make the statements made,
 in light of the circumstances under which such statements were made, not misleading with
 respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other financial
 information included in this report, fairly present in all material respects the financial
 condition, results of operations, changes in net assets, and cash flows (if the financial
 statements are required to include a statement of cash flows) of the registrant as of, and
 for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The registrant's other certifying officer(s) and I are
 responsible for establishing and maintaining disclosure controls and procedures (as defined
 in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control
 over financial reporting (as defined in Rule 30a-3(d) under the Investment Company
 Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Designed such disclosure controls and procedures, or caused such
 disclosure controls and procedures to be designed under our supervision, to ensure that material
 information relating to the registrant, including its consolidated subsidiaries, is made
 known to us by others within those entities, particularly during the period in which this
 report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Designed such internal control over financial reporting, or caused
 such internal control over financial reporting to be designed under our supervision, to provide
 reasonable assurance regarding the reliability of financial reporting and the preparation
 of financial statements for external purposes in accordance with generally accepted accounting
 principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Evaluated the effectiveness of the registrant's disclosure
 controls and procedures and presented in this report our conclusions about the effectiveness
 of the disclosure controls and procedures, as of a date within 90 days prior to the filing
 date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Disclosed in this report any change in the registrant's internal
 control over financial reporting that occurred during the period covered by this report that
 has materially affected, or is reasonably likely to materially affect, the registrant's
 internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The registrant's other certifying officer(s) and I have
 disclosed to the registrant's auditors and the audit committee of the registrant's
 board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. All significant deficiencies and material weaknesses in the design
 or operation of internal control over financial reporting which are reasonably likely to
 adversely affect the registrant's ability to record, process, summarize, and report
 financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Any fraud, whether or not material, that involves management or other
 employees who have a significant role in the registrant's internal control over financial
 reporting.

---

| | |
|:---|:---|
| Date: November 10, 2025 | /s/ Christian G. Wilson |
|  | Christian G. Wilson |
|  | Principal Executive Officer |

---

**<u>CERTIFICATION</u>**

I, Todd Modic, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of Voya
 Credit Income Fund ;

&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement
 of a material fact or omit to state a material fact necessary to make the statements made,
 in light of the circumstances under which such statements were made, not misleading with
 respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other financial
 information included in this report, fairly present in all material respects the financial
 condition, results of operations, changes in net assets, and cash flows (if the financial
 statements are required to include a statement of cash flows) of the registrant as of, and
 for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The registrant's other certifying officer(s) and I are
 responsible for establishing and maintaining disclosure controls and procedures (as defined
 in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control
 over financial reporting (as defined in Rule 30a-3(d) under the Investment Company
 Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Designed such disclosure controls and procedures, or caused such
 disclosure controls and procedures to be designed under our supervision, to ensure that material
 information relating to the registrant, including its consolidated subsidiaries, is made
 known to us by others within those entities, particularly during the period in which this
 report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Designed such internal control over financial reporting, or caused
 such internal control over financial reporting to be designed under our supervision, to provide
 reasonable assurance regarding the reliability of financial reporting and the preparation
 of financial statements for external purposes in accordance with generally accepted accounting
 principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Evaluated the effectiveness of the registrant's disclosure
 controls and procedures and presented in this report our conclusions about the effectiveness
 of the disclosure controls and procedures, as of a date within 90 days prior to the filing
 date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Disclosed in this report any change in the registrant's internal
 control over financial reporting that occurred during the period covered by this report that
 has materially affected, or is reasonably likely to materially affect, the registrant's
 internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The registrant's other certifying officer(s) and I have
 disclosed to the registrant's auditors and the audit committee of the registrant's
 board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. All significant deficiencies and material weaknesses in the design
 or operation of internal control over financial reporting which are reasonably likely to
 adversely affect the registrant's ability to record, process, summarize, and report
 financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Any fraud, whether or not material, that involves management or other
 employees who have a significant role in the registrant's internal control over financial
 reporting.

---

| | |
|:---|:---|
| Date: November 10, 2025 | /s/ Todd Modic |
|  | Todd Modic |
|  | Principal Financial Officer |

---

## Exhibit 99.906

**EX-99.906CERT**

**Certification**

Pursuant to Section 906

of the

Sarbanes-Oxley Act of 2002

Name of Registrant: Voya Credit Income Fund <br>Date of Form N-CSR: August 31, 2025

The undersigned, the principal executive officer of the above named registrant (the "Fund"), hereby certifies that, with respect to the Form N-CSR referred to above, to the best of his knowledge and belief, after reasonable inquiry:

&nbsp;&nbsp;&nbsp;&nbsp;1. such Form N-CSR fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934;
and

&nbsp;&nbsp;&nbsp;&nbsp;2. the information contained in such Form N-CSR fairly presents, in all material respects, the financial condition and results of
operations of the Fund.

A signed original of this written statement required by Section 906 has been provided to Voya Credit Income Fund and will be retained by Voya Credit Income Fund and furnished to the Securities and Exchange Commission or its staff upon request.

IN WITNESS WHEREOF, the undersigned has executed this Certification below, as of this 10<sup>th</sup> day of November, 2025.

---

| |
|:---|
| /s/ Christian G. Wilson |
| Christian G. Wilson |
| Principal Executive Officer |

---

**Certification**

Pursuant to Section 906

of the

Sarbanes-Oxley Act of 2002

Name of Registrant: Voya Credit Income Fund <br>Date of Form N-CSR: August 31, 2025

The undersigned, the principal financial officer of the above named registrant (the "Fund"), hereby certifies that, with respect to the Form N-CSR referred to above, to the best of his knowledge and belief, after reasonable inquiry:

&nbsp;&nbsp;&nbsp;&nbsp;1. such Form N-CSR fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934;
and

&nbsp;&nbsp;&nbsp;&nbsp;2. the information contained in such Form N-CSR fairly presents, in all material respects, the financial condition and results of
operations of the Fund.

A signed original of this written statement required by Section 906 has been provided to Voya Credit Income Fund and will be retained by Voya Credit Income Fund and furnished to the Securities and Exchange Commission or its staff upon request.

IN WITNESS WHEREOF, the undersigned has executed this Certification below, as of this 10<sup>th</sup> day of November, 2025.

---

| |
|:---|
| /s/ Todd Modic |
| Todd Modic |
| Principal Financial Officer |

---