# EDGAR Filing Document

**Accession Number:** 0001392116
**File Stem:** 0001752724-23-047656
**Filing Date:** 2023-2
**Character Count:** 89371
**Document Hash:** 7d3c7a3b5cc5bfd3c7b12f7ddf960f56
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-047656.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-047656

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Voya Separate Portfolios Trust
- **CENTRAL INDEX KEY:** 0001392116
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22025
- **FILM NUMBER:** 23685675

**BUSINESS ADDRESS:**
- **BUSINESS PHONE:** 800-992-0180

**MAIL ADDRESS:**
- **STREET 1:** 7337 EAST DOUBLETREE RANCH ROAD
- **STREET 2:** STE 100
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85258-2034

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ING Separate Portfolios Trust
- **DATE OF NAME CHANGE:** 20070306

## Series and Classes Contracts Data

### Voya Emerging Markets Corporate Debt Fund (Series ID: S000037123)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000114260 | Class P      | IMCDX           |

## Nport-Ex

<u>Voya VACS Series EMCD Fund</u> PORTFOLIO OF INVESTMENTS <br> <u>as of December 31, 2022 (Unaudited)</u>

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br> Amount†** | | **Value** | **Percentage<br> of Net<br> Assets** |
| **CORPORATE BONDS/NOTES: 87.1%** | **CORPORATE BONDS/NOTES: 87.1%** | **CORPORATE BONDS/NOTES: 87.1%** |  |
|  | **Argentina: 1.5%** | **Argentina: 1.5%** | **Argentina: 1.5%** |
| 510000<sup>(1)</sup> | Arcor SAIC, 8.250%, 10/09/2027 | $549165 | 0.6 |
| 1100000<sup>(1)</sup> | YPF SA, 8.500%, 06/27/2029 | 828526 | 0.9 |
|  |  | **1377691** | **1.5** |
|  | **Brazil: 4.3%** | **Brazil: 4.3%** | **Brazil: 4.3%** |
| 750000<sup>(2)</sup> | Banco do Brasil SA/Cayman, 9.000%, 12/31/2199 | 751586 | 0.8 |
| 675000<sup>(1)</sup> | CSN Resources SA, 4.625%, 06/10/2031 | 535457 | 0.6 |
| 250000 | Fibria Overseas Finance Ltd., 5.500%, 01/17/2027 | 251272 | 0.3 |
| 950000<sup>(1)</sup> | JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc., 3.625%, 01/15/2032 | 770873 | 0.9 |
| 475000<sup>(1)</sup> | Minerva Luxembourg SA, 4.375%, 03/18/2031 | 390676 | 0.4 |
| 900000 | Nexa Resources SA, 6.500%, 01/18/2028 | 878099 | 1 |
| 300000<sup>(1)</sup> | Suzano Austria GmbH, 7.000%, 03/16/2047 | 299978 | 0.3 |
|  |  | **3877941** | **4.3** |
|  | **Chile: 4.7%** | **Chile: 4.7%** | **Chile: 4.7%** |
| 475000<sup>(1)</sup> | Antofagasta PLC, 5.625%, 05/13/2032 | 466471 | 0.5 |
| 525000<sup>(1)</sup> | ATP Tower Holdings LLC / Andean Tower Partners Colombia SAS / Andean Telecom Par, 4.050%, 04/27/2026 | 463664 | 0.5 |
| 800000 | Banco de Credito e Inversiones SA, 2.875%, 10/14/2031 | 666645 | 0.7 |
| 600000<sup>(1)</sup> | Celulosa Arauco y Constitucion SA, 4.200%, 01/29/2030 | 560441 | 0.6 |
| 200000 | Celulosa Arauco y Constitucion SA, 5.500%, 11/02/2047 | 178754 | 0.2 |
| 370000<sup>(1)</sup> | Cia Cervecerias Unidas SA, 3.350%, 01/19/2032 | 312600 | 0.4 |
| 630000 | Engie Energia Chile SA, 3.400%, 01/28/2030 | 515508 | 0.6 |
| 575000<sup>(1)</sup> | Inversiones CMPC SA, 3.000%, 04/06/2031 | 482126 | 0.5 |
| 800000 | Telefonica Moviles Chile SA, 3.537%, 11/18/2031 | 656552 | 0.7 |
|  |  | **4302761** | **4.7** |
|  | **China: 2.2%** | **China: 2.2%** | **China: 2.2%** |
| 650000 | Alibaba Group Holding Ltd., 3.600%, 11/28/2024 | 628894 | 0.7 |
| 600000<sup>(1)</sup> | ENN Clean Energy International Investment Ltd., 3.375%, 05/12/2026 | 523347 | 0.6 |
| 950000<sup>(1)</sup> | Tencent Holdings Ltd., 3.595%, 01/19/2028 | 872355 | 0.9 |
|  |  | **2024596** | **2.2** |
|  | **Colombia: 5.0%** | **Colombia: 5.0%** | **Colombia: 5.0%** |
| 750000<sup>(2)</sup> | Bancolombia SA, 4.625%, 12/18/2029 | 660409 | 0.7 |
| 500000<sup>(1)</sup> | Canacol Energy Ltd., 5.750%, 11/24/2028 | 442382 | 0.5 |
| 975000 | Ecopetrol SA, 6.875%, 04/29/2030 | 886390 | 1 |
| 625000<sup>(1)</sup> | Geopark Ltd., 5.500%, 01/17/2027 | 538328 | 0.6 |
| 600000<sup>(1)</sup> | Millicom International Cellular SA, 4.500%, 04/27/2031 | 505736 | 0.5 |
| 450000<sup>(1)</sup> | Millicom International Cellular SA, 5.125%, 01/15/2028 | 419240 | 0.5 |
| 800000 | Oleoducto Central SA, 4.000%, 07/14/2027 | 707135 | 0.8 |
| 500000<sup>(1)</sup> | Promigas SA ESP / Gases del Pacifico SAC, 3.750%, 10/16/2029 | 407627 | 0.4 |
|  |  | **4567247** | **5.0** |
|  | **Ghana: 0.7%** | **Ghana: 0.7%** | **Ghana: 0.7%** |
| 735000<sup>(1)</sup> | Tullow Oil PLC, 10.250%, 05/15/2026 | **590808** | **0.7** |
|  | **Guatemala: 1.5%** | **Guatemala: 1.5%** | **Guatemala: 1.5%** |
| 750000<sup>(1)</sup> | Central American Bottling Corp. / CBC Bottling Holdco SL / Beliv Holdco SL, 5.250%, 04/27/2029 | 700676 | 0.7 |
| 800000<sup>(1)</sup> | CT Trust, 5.125%, 02/03/2032 | 703630 | 0.8 |
|  |  | **1404306** | **1.5** |
|  | **Hong Kong: 1.9%** | **Hong Kong: 1.9%** | **Hong Kong: 1.9%** |
| 600000<sup>(1)</sup> | CK Hutchison International 21 Ltd., 2.500%, 04/15/2031 | 495543 | 0.5 |
| 650000<sup>(1)</sup> | Lenovo Group Ltd., 5.831%, 01/27/2028 | 627950 | 0.7 |
| 635000<sup>(1)</sup> | Lenovo Group Ltd., 6.536%, 07/27/2032 | 615690 | 0.7 |
|  |  | **1739183** | **1.9** |
|  | **India: 5.7%** | **India: 5.7%** | **India: 5.7%** |
| 450000 | Adani Ports & Special Economic Zone Ltd., 4.375%, 07/03/2029 | 378495 | 0.4 |
| 800000<sup>(1)</sup> | Bharti Airtel International Netherlands BV, 5.350%, 05/20/2024 | 795756 | 0.9 |

---

<u>Voya VACS Series EMCD Fund</u> PORTFOLIO OF INVESTMENTS <br> <u>as of December 31, 2022 (Unaudited) (Continued)</u>

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br> Amount†** | | **Value** | **Percentage<br> of Net<br> Assets** |
| **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** |  |
|  | **India: (continued)** | **India: (continued)** | **India: (continued)** |
| 1200000<sup>(1)</sup> | JSW Steel Ltd., 5.050%, 04/05/2032 | 948931 | 1 |
| 525000<sup>(1),(2)</sup> | Network i2i Ltd., 3.975%, 12/31/2199 | 459375 | 0.5 |
| 535000<sup>(1)</sup> | Reliance Industries Ltd., 2.875%, 01/12/2032 | 434242 | 0.5 |
| 720000<sup>(1)</sup> | Reliance Industries Ltd., 3.667%, 11/30/2027 | 667705 | 0.7 |
| 700000<sup>(1)</sup> | Summit Digitel Infrastructure Ltd., 2.875%, 08/12/2031 | 538622 | 0.6 |
| 550000<sup>(1)</sup> | Vedanta Resources Finance II PLC, 8.950%, 03/11/2025 | 374313 | 0.4 |
| 700000<sup>(1)</sup> | Vedanta Resources Finance II PLC, 13.875%, 01/21/2024 | 610500 | 0.7 |
|  |  | **5207939** | **5.7** |
|  | **Indonesia: 3.2%** | **Indonesia: 3.2%** | **Indonesia: 3.2%** |
| 1100000<sup>(1)</sup> | Medco Bell Pte Ltd., 6.375%, 01/30/2027 | 996151 | 1.1 |
| 800000<sup>(1)</sup> | Pertamina Persero PT, 3.100%, 01/21/2030 | 698086 | 0.8 |
| 550000 | Perusahaan Listrik Negara PT, 4.125%, 05/15/2027 | 529262 | 0.6 |
| 250000<sup>(1)</sup> | Perusahaan Listrik Negara PT, 4.125%, 05/15/2027 | 240574 | 0.2 |
| 600000 | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 3.000%, 06/30/2030 | 493223 | 0.5 |
|  |  | **2957296** | **3.2** |
|  | **Israel: 5.9%** | **Israel: 5.9%** | **Israel: 5.9%** |
| 1000000<sup>(1)</sup> | Altice Financing SA, 5.750%, 08/15/2029 | 788438 | 0.9 |
| 925000 | Bank Hapoalim, 3.255%, 01/21/2032 | 795944 | 0.9 |
| 800000<sup>(1),(2)</sup> | Bank Leumi Le-Israel BM, 3.275%, 01/29/2031 | 711684 | 0.8 |
| 500000<sup>(1)</sup> | Bank Leumi Le-Israel BM, 5.125%, 07/27/2027 | 495666 | 0.5 |
| 500000<sup>(1)</sup> | Israel Electric Corp. Ltd., 4.250%, 08/14/2028 | 473437 | 0.5 |
| 600000<sup>(1),(2)</sup> | Mizrahi Tefahot Bank Ltd., 3.077%, 04/07/2031 | 528750 | 0.6 |
| 1250000 | Teva Pharmaceutical Finance Netherlands III BV, 3.150%, 10/01/2026 | 1095663 | 1.2 |
| 575000 | Teva Pharmaceutical Finance Netherlands III BV, 5.125%, 05/09/2029 | 512812 | 0.5 |
|  |  | **5402394** | **5.9** |
|  | **Kuwait: 2.0%** | **Kuwait: 2.0%** | **Kuwait: 2.0%** |
| 550000<sup>(1)</sup> | Equate Petrochemical BV, 2.625%, 04/28/2028 | 480563 | 0.5 |
| 575000 | Equate Petrochemical BV, 4.250%, 11/03/2026 | 551188 | 0.6 |
| 900000<sup>(1),(2)</sup> | NBK Tier 1 Financing 2 Ltd., 4.500%, 12/31/2199 | 828592 | 0.9 |
|  |  | **1860343** | **2.0** |
|  | **Macau: 1.4%** | **Macau: 1.4%** | **Macau: 1.4%** |
| 1500000<sup>(1)</sup> | Melco Resorts Finance Ltd., 5.750%, 07/21/2028 | **1256579** | **1.4** |
|  | **Malaysia: 1.6%** | **Malaysia: 1.6%** | **Malaysia: 1.6%** |
| 375000<sup>(1)</sup> | CIMB Bank Bhd, 2.125%, 07/20/2027 | 328585 | 0.4 |
| 650000<sup>(1)</sup> | Genm Capital Labuan Ltd., 3.882%, 04/19/2031 | 484512 | 0.5 |
| 725000<sup>(1)</sup> | Misc Capital Two Labuan Ltd., 3.750%, 04/06/2027 | 657908 | 0.7 |
|  |  | **1471005** | **1.6** |
|  | **Mexico: 6.7%** | **Mexico: 6.7%** | **Mexico: 6.7%** |
| 950000<sup>(1)</sup> | Alpek SAB de CV, 4.250%, 09/18/2029 | 863811 | 0.9 |
| 500000<sup>(1),(2)</sup> | Banco Mercantil del Norte SA/Grand Cayman, 7.500%, 12/31/2199 | 458576 | 0.5 |
| 1000000<sup>(1)</sup> | Braskem Idesa SAPI, 6.990%, 02/20/2032 | 715713 | 0.8 |
| 850000<sup>(1)</sup> | Cemex SAB de CV, 5.200%, 09/17/2030 | 794463 | 0.9 |
| 650000<sup>(1)</sup> | GCC SAB de CV, 3.614%, 04/20/2032 | 541893 | 0.6 |
| 500000<sup>(1),(2)</sup> | Grupo Bimbo SAB de CV, 5.950%, 12/31/2199 | 497392 | 0.5 |
| 500000<sup>(1)</sup> | Industrias Penoles SAB de CV, 4.750%, 08/06/2050 | 413916 | 0.5 |
| 675000 | Petroleos Mexicanos, 6.875%, 08/04/2026 | 639020 | 0.7 |
| 625000<sup>(1)</sup> | Sigma Finance Netherlands BV, 4.875%, 03/27/2028 | 593299 | 0.6 |
| 600000 | Southern Copper Corp., 5.875%, 04/23/2045 | 615004 | 0.7 |
|  |  | **6133087** | **6.7** |

---

<u>Voya VACS Series EMCD Fund</u> PORTFOLIO OF INVESTMENTS <br> <u>as of December 31, 2022 (Unaudited) (Continued)</u>

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br> Amount†** | | **Value** | **Percentage<br> of Net<br> Assets** |
| **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** |  |
|  | **Morocco: 0.5%** | **Morocco: 0.5%** | **Morocco: 0.5%** |
| 500000 | OCP SA, 6.875%, 04/25/2044 | $**474583** | **0.5** |
|  | **Oman: 1.6%** | **Oman: 1.6%** | **Oman: 1.6%** |
| 950000<sup>(1)</sup> | OQ SAOC, 5.125%, 05/06/2028 | 903155 | 1 |
| 550000<sup>(1)</sup> | Oryx Funding Ltd., 5.800%, 02/03/2031 | 526099 | 0.6 |
|  |  | **1429254** | **1.6** |
|  | **Panama: 1.8%** | **Panama: 1.8%** | **Panama: 1.8%** |
| 825000<sup>(1)</sup> | AES Panama Generation Holdings SRL, 4.375%, 05/31/2030 | 718612 | 0.8 |
| 1000000 | C&W Senior Financing DAC, 6.875%, 09/15/2027 | 932180 | 1 |
|  |  | **1650792** | **1.8** |
|  | **Peru: 1.1%** | **Peru: 1.1%** | **Peru: 1.1%** |
| 500000<sup>(2)</sup> | Banco de Credito del Peru S.A., 3.125%, 07/01/2030 | 453955 | 0.5 |
| 650000<sup>(1)</sup> | InRetail Consumer, 3.250%, 03/22/2028 | 559831 | 0.6 |
|  |  | **1013786** | **1.1** |
|  | **Poland: 0.8%** | **Poland: 0.8%** | **Poland: 0.8%** |
| 785000<sup>(1)</sup> | Canpack SA / Canpack US LLC, 3.125%, 11/01/2025 | **690839** | **0.8** |
|  | **Qatar: 1.8%** | **Qatar: 1.8%** | **Qatar: 1.8%** |
| 700000 | Commercial Bank PSQC/THE, 4.500%, 12/31/2049 | 629667 | 0.7 |
| 650000<sup>(1)</sup> | Ooredoo International Finance Ltd., 2.625%, 04/08/2031 | 560125 | 0.6 |
| 650000<sup>(1)</sup> | QatarEnergy Trading LLC, 3.300%, 07/12/2051 | 481520 | 0.5 |
|  |  | **1671312** | **1.8** |
|  | **Russia: 0.1%** | **Russia: 0.1%** | **Russia: 0.1%** |
| 1000000<sup>(1),(2),(3),(4)</sup> | Alfa Bank AO Via Alfa Bond Issuance PLC, 5.950%, 04/15/2030 | 63000 | 0.1 |
| 500000<sup>(1),(2),(4)</sup> | Sovcombank Via SovCom Capital DAC, 7.750%, 12/31/2199 | 43438 | 0 |
|  |  | **106438** | **0.1** |
|  | **Saudi Arabia: 4.4%** | **Saudi Arabia: 4.4%** | **Saudi Arabia: 4.4%** |
| 400000<sup>(1)</sup> | Arabian Centres Sukuk II Ltd., 5.625%, 10/07/2026 | 364040 | 0.4 |
| 525000<sup>(1)</sup> | EIG Pearl Holdings Sarl, 3.545%, 08/31/2036 | 441857 | 0.5 |
| 650000 | EIG Pearl Holdings Sarl, 4.387%, 11/30/2046 | 501394 | 0.6 |
| 275000<sup>(1)</sup> | SA Global Sukuk Ltd., 2.694%, 06/17/2031 | 235564 | 0.3 |
| 1400000<sup>(1)</sup> | Saudi Arabian Oil Co., 2.250%, 11/24/2030 | 1156747 | 1.3 |
| 700000 | Saudi Arabian Oil Co., 2.875%, 04/16/2024 | 678090 | 0.7 |
| 600000 | Saudi Electricity Global Sukuk Co. 2, 5.060%, 04/08/2043 | 588270 | 0.6 |
|  |  | **3965962** | **4.4** |
|  | **Singapore: 0.8%** | **Singapore: 0.8%** | **Singapore: 0.8%** |
| 800000<sup>(1),(2)</sup> | Oversea-Chinese Banking Corp. Ltd., 1.832%, 09/10/2030 | **718628** | **0.8** |
|  | **South Africa: 3.3%** | **South Africa: 3.3%** | **South Africa: 3.3%** |
| 600000 | AngloGold Ashanti Holdings PLC, 3.375%, 11/01/2028 | 524147 | 0.6 |
| 400000 | AngloGold Ashanti Holdings PLC, 6.500%, 04/15/2040 | 384179 | 0.4 |
| 875000<sup>(1)</sup> | Bidvest Group UK PLC/The, 3.625%, 09/23/2026 | 790668 | 0.9 |
| 775000<sup>(1)</sup> | Gold Fields Orogen Holdings BVI Ltd., 5.125%, 05/15/2024 | 769018 | 0.8 |
| 625000 | Sasol Financing USA LLC, 4.375%, 09/18/2026 | 554061 | 0.6 |
|  |  | **3022073** | **3.3** |
|  | **South Korea: 6.9%** | **South Korea: 6.9%** | **South Korea: 6.9%** |
| 700000<sup>(1)</sup> | Kookmin Bank, 2.500%, 11/04/2030 | 558635 | 0.6 |
| 550000<sup>(1),(2)</sup> | Kookmin Bank, 4.350%, 12/31/2199 | 515099 | 0.6 |
| 450000 | Korea Development Bank/The, 4.250%, 09/08/2032 | 426763 | 0.5 |
| 1300000<sup>(1)</sup> | Korea Electric Power Corp., 3.625%, 06/14/2025 | 1244973 | 1.4 |
| 650000<sup>(1)</sup> | Korea Electric Power Corp., 5.500%, 04/06/2028 | 654351 | 0.7 |
| 550000<sup>(1)</sup> | KT Corp., 4.000%, 08/08/2025 | 535556 | 0.6 |
| 775000<sup>(1)</sup> | POSCO, 4.375%, 08/04/2025 | 750449 | 0.8 |
| 425000<sup>(1),(2)</sup> | Shinhan Financial Group Co. Ltd., 2.875%, 12/31/2199 | 365394 | 0.4 |
| 700000<sup>(1)</sup> | SK Hynix, Inc., 2.375%, 01/19/2031 | 513905 | 0.5 |
| 725000<sup>(1)</sup> | Woori Bank Co. Ltd., 4.750%, 04/30/2024 | 713719 | 0.8 |
|  |  | **6278844** | **6.9** |

---

<u>Voya VACS Series EMCD Fund</u> PORTFOLIO OF INVESTMENTS <br> <u>as of December 31, 2022 (Unaudited) (Continued)</u>

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br> Amount†** | | **Value** | **Percentage<br> of Net<br> Assets** |
| **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** | **CORPORATE BONDS/NOTES: (continued)** |  |
|  | **Taiwan: 0.7%** | **Taiwan: 0.7%** | **Taiwan: 0.7%** |
| 650000<sup>(1)</sup> | TSMC Global Ltd., 4.625%, 07/22/2032 | $**640872** | **0.7** |
|  | **Thailand: 2.8%** | **Thailand: 2.8%** | **Thailand: 2.8%** |
| 500000<sup>(1)</sup> | Bangkok Bank PCL/Hong Kong, 4.450%, 09/19/2028 | 477575 | 0.5 |
| 800000<sup>(1),(2)</sup> | Bangkok Bank PCL/Hong Kong, 5.000%, 12/31/2199 | 759653 | 0.8 |
| 725000<sup>(1)</sup> | GC Treasury Center Co. Ltd., 4.400%, 03/30/2032 | 644079 | 0.7 |
| 1000000<sup>(1)</sup> | PTTEP Treasury Center Co. Ltd., 3.903%, 12/06/2059 | 675443 | 0.8 |
|  |  | **2556750** | **2.8** |
|  | **Turkey: 2.2%** | **Turkey: 2.2%** | **Turkey: 2.2%** |
| 250000<sup>(1)</sup> | Akbank TAS, 6.800%, 02/06/2026 | 242246 | 0.3 |
| 550000<sup>(1)</sup> | Turk Telekomunikasyon AS, 6.875%, 02/28/2025 | 520350 | 0.6 |
| 550000 | Turkiye Is Bankasi AS, 6.125%, 04/25/2024 | 546666 | 0.6 |
| 700000<sup>(1)</sup> | Turkiye Sise ve Cam Fabrikalari AS, 6.950%, 03/14/2026 | 684067 | 0.7 |
|  |  | **1993329** | **2.2** |
|  | **United Arab Emirates: 6.0%** | **United Arab Emirates: 6.0%** | **United Arab Emirates: 6.0%** |
| 850000<sup>(1)</sup> | Abu Dhabi National Energy Co. PJSC, 2.000%, 04/29/2028 | 756753 | 0.8 |
| 700000 | DP World Ltd., 6.850%, 07/02/2037 | 746046 | 0.8 |
| 650000<sup>(2)</sup> | Emirates NBD Bank PJSC, 6.125%, 12/31/2199 | 643081 | 0.7 |
| 446595 | Galaxy Pipeline Assets Bidco Ltd., 1.750%, 09/30/2027 | 414452 | 0.5 |
| 485447<sup>(1)</sup> | Galaxy Pipeline Assets Bidco Ltd., 2.160%, 03/31/2034 | 414247 | 0.5 |
| 386612<sup>(1)</sup> | Galaxy Pipeline Assets Bidco Ltd., 2.940%, 09/30/2040 | 312211 | 0.4 |
| 500000 | MAF Global Securities Ltd., 4.750%, 05/07/2024 | 493831 | 0.5 |
| 1150000<sup>(1)</sup> | MDGH GMTN RSC Ltd., 5.500%, 04/28/2033 | 1218395 | 1.3 |
| 521435<sup>(1)</sup> | Sweihan PV Power Co. PJSC, 3.625%, 01/31/2049 | 420465 | 0.5 |
|  |  | **5419481** | **6.0** |
|  | **United Kingdom: 1.9%** | **United Kingdom: 1.9%** | **United Kingdom: 1.9%** |
| 1600000<sup>(2)</sup> | HSBC Holdings PLC, 7.390%, 11/03/2028 | **1684365** | **1.9** |
|  | **United States: 2.1%** | **United States: 2.1%** | **United States: 2.1%** |
| 950000 | Dollar General Corp., 5.000%, 11/01/2032 | 940111 | 1.1 |
| 950000<sup>(1)</sup> | Oncor Electric Delivery Co. LLC, 4.550%, 09/15/2032 | 933078 | 1 |
|  |  | **1873189** | **2.1** |
|  | Total Corporate Bonds/Notes |  |  |
|  | (Cost $88,368,285) | **79363673** | **87.1** |
| **SOVEREIGN BONDS: 1.5%** | **SOVEREIGN BONDS: 1.5%** | **SOVEREIGN BONDS: 1.5%** |  |
|  | **Panama: 0.7%** | **Panama: 0.7%** | **Panama: 0.7%** |
| 600000 | Panama Government International Bond, 6.400%, 02/14/2035 | **610446** | **0.7** |
|  | **Poland: 0.8%** | **Poland: 0.8%** | **Poland: 0.8%** |
| 700000 | Republic of Poland Government International Bond, 5.750%, 11/16/2032 | **747784** | **0.8** |
|  | Total Sovereign Bonds |  |  |
|  | (Cost $1,286,347) | **1358230** | **1.5** |
|  | Total Long-Term Investments |  |  |
|  | (Cost $89,654,632) | **80721903** | **88.6** |

---

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| | | | |
|:---|:---|:---|:---|
| **SHORT-TERM INVESTMENTS: 9.8%** | **SHORT-TERM INVESTMENTS: 9.8%** | **SHORT-TERM INVESTMENTS: 9.8%** | **SHORT-TERM INVESTMENTS: 9.8%** |
|  | **Commercial Paper: 6.5%** | **Commercial Paper: 6.5%** | **Commercial Paper: 6.5%** |
| 1000000 | Agilent Technologies, Inc., 5.550%, 01/05/2023 | 999240 | 1.1 |
| 1000000 | American Electric Power Co., Inc., 5.410%, 01/06/2023 | 999111 | 1.1 |
| 1000000 | General Mills, Inc., 6.150%, 01/03/2023 | 999495 | 1.1 |
| 2000000 | Mondelez International, Inc., 5.770%, 01/04/2023 | 1998735 | 2.1 |
| 1000000 | Verizon Communications, Inc., 5.770%, 01/04/2023 | 999368 | 1.1 |
|  | Total Commercial Paper |  |  |
|  | (Cost $5,997,457) | **5995949** | **6.5** |

---

<u>Voya VACS Series EMCD Fund</u> PORTFOLIO OF INVESTMENTS <br> <u>as of December 31, 2022 (Unaudited) (Continued)</u>

---

| | | | |
|:---|:---|:---|:---|
| **Shares** | | **Value** | **Percentage<br> of Net<br> Assets** |
|  | **Mutual Funds: 3.3%** | **Mutual Funds: 3.3%** | **Mutual Funds: 3.3%** |
| 2994000<sup>(5)</sup> | Goldman Sachs Financial Square Government Fund - Institutional Shares, 4.150% |  |  |
|  | (Cost $2,994,000) | $**2994000** | **3.3** |
|  | Total Short-Term Investments |  |  |
|  | (Cost $8,991,457) | **8989949** | **9.8** |
|  | **Total Investments in Securities**<br> **(Cost $98,646,089)** | $**89711852** | **98.4** |
|  | **Assets in Excess of Other Liabilities** | **1424737** | &nbsp;&nbsp;&nbsp;&nbsp;**1.6** |
|  | **Net Assets** | $**91136589** | &nbsp;&nbsp;&nbsp;&nbsp;**100.0** |

---

† Unless otherwise indicated, principal amount is shown in USD.

(1) Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers.

(2) Variable rate security. Rate shown is the rate in effect as of December 31, 2022.

(3) Defaulted security.

(4) Restricted security as to resale, excluding Rule 144A securities. As of December 31, 2022, the Fund held restricted securities with a fair value of $106,438 or 0.1% of net assets. Please refer to the table below for additional details.

(5) Rate shown is the 7-day yield as of December 31, 2022.

---

| | |
|:---|:---|
| **Sector Diversification** | **Percentage<br> of Net Assets** |
| Financial | 18.8% |
| Energy | 15.4 |
| Basic Materials | 14.6 |
| Utilities | 9.4 |
| Communications | 9.2 |
| Consumer, Non-cyclical | 8.1 |
| Consumer, Cyclical | 4.9 |
| Industrial | 4.1 |
| Technology | 2.6 |
| Sovereign Bonds | 1.5 |
| Short-Term Investments | 9.8 |
| Assets in Excess of Other Liabilities | 1.6 |
| **Net Assets** | **100.0%** |

---

**Portfolio holdings are subject to change daily.**

<u>Voya VACS Series EMCD Fund</u> PORTFOLIO OF INVESTMENTS <br> <u>as of December 31, 2022 (Unaudited) (Continued)</u>

**Fair Value Measurements**

The following is a summary of the fair valuations according to the inputs used as of December 31, 2022 in valuing the assets and liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Quoted Prices<br> in Active Markets<br> for Identical<br> Investments<br> (Level 1)** | **Significant<br> Other<br> Observable<br> Inputs<br> (Level 2)** | **Significant<br> Unobservable<br> Inputs<br> (Level 3)** | **Fair Value<br> at<br> December 31, <br> 2022** |
| **Asset Table** |  |  |  |  |
| **Investments, at fair value** |  |  |  |  |
| Corporate Bonds/Notes | $– | $79363673 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $79363673 |
| Sovereign Bonds |  | 1358230 |  | 1358230 |
| Short-Term Investments | 2994000 | 5995949 | – | 8989949 |
| Total Investments, at fair value | $2994000 | $86717852 | $– | $89711852 |
| **Other Financial Instruments+** |  |  |  |  |
| Futures | 114646 | – | – | 114646 |
| Total Assets | $3108646 | $86717852 | $– | $89826498 |
| **Liabilities Table** |  |  |  |  |
| **Other Financial Instruments+** |  |  |  |  |
| Futures | $(45719) | $– | $– | $(45719) |
| Total Liabilities | $(45719) | $– | $– | $(45719) |

---

---

| | |
|:---|:---|
| + | Other Financial Instruments may include open forward foreign currency contracts, futures, centrally cleared swaps, OTC swaps and written options. Forward foreign currency contracts, futures and centrally cleared swaps are fair valued at the unrealized appreciation (depreciation) on the instrument. OTC swaps and written options are valued at the fair value of the instrument. |

---

At December 31, 2022, Voya VACS Series EMCD Fund held the following restricted securities:

---

| | | | |
|:---|:---|:---|:---|
| Security | Acquisition Date | Acquisition Cost | Fair Value |
| Alfa Bank AO Via Alfa Bond Issuance PLC | 11/21/2019 | $1005425 | $63000 |
| Sovcombank Via SovCom Capital DAC | 1/30/2020 | 500000 | 43438 |
|  |  | $1505425 | $106438 |

---

At December 31, 2022, the following futures contracts were outstanding for Voya VACS Series EMCD Fund:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number<br> of Contracts** | **Expiration<br> Date** | **Notional<br> Amount** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| Long Contracts: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury 2-Year Note | 61 | 03/31/23 | $12509766 | $12287 |
| &nbsp;&nbsp;&nbsp;U.S. Treasury 5-Year Note | 54 | 03/31/23 | 5828203 | (15519) |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Long Bond | 8 | 03/22/23 | 1002750 | (10642) |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Ultra Long Bond | 5 | 03/22/23 | 671563 | (19558) |
|  |  |  | $20012282 | $(33432) |
| Short Contracts: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury 10-Year Note | (89) | 03/22/23 | (9994422) | 57185 |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Ultra 10-Year Note | (54) | 03/22/23 | (6387188) | 45174 |
|  |  |  | $(16381610) | $102359 |

---

<u>Voya VACS Series EMCD Fund</u> PORTFOLIO OF INVESTMENTS <br> <u>as of December 31, 2022 (Unaudited) (Continued)</u>

At December 31, 2022, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments on a tax basis were:

---

| | |
|:---|:---|
| Cost for federal income tax purposes was $98,793,373. | Cost for federal income tax purposes was $98,793,373. |
| Net unrealized depreciation consisted of: | Net unrealized depreciation consisted of: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross Unrealized Appreciation | $795090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross Unrealized Depreciation | (9807684) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Unrealized Depreciation | $(9012594) |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Voya Separate Portfolios Trust

- **b. Investment Company Act file number:** 811-22025

- **c. CIK number of Registrant:** 0001392116

- **d. LEI of Registrant:** 549300ZK3E04XAD4QG44

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

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

  - **City:** Scottsdale

  - **State:** AZ

  - **Foreign country:** US

  - **Zip / Postal Code:** 85258

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

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

- **a. Name of Series:** Voya VACS Series EMCD Fund

- **b. EDGAR series identifier (if any):** S000037123

- **c. LEI of Series:** 5493007WQXO53JSF1B65

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $92642963.77

**Total Liabilities:** $1902490.56

**Net Assets:** $90740473.21

**Cash Not Reported:** $279640.98

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 9.00000000 | **1-Year:** 1183.00000000 | **5-Year:** 7396.00000000 | **10-Year:** 15107.00000000 | **30-Year:** 6711.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 499.00000000 | **5-Year:** 7380.00000000 | **10-Year:** 3633.00000000 | **30-Year:** 2198.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000114260 | -0.87%               | 5.45%                | 1.75%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1737602.20             | $469064.89                                 |
| Month 2  | $-1050454.87             | $5707222.45                                |
| Month 3  | $-1175862.19             | $2200506.80                                |

**Designated Index Information**

- **Index Name:** JPM Corporate EMBI Diversified Composite Index

- **Index Identifier:** JCMDCOMP

### Schedule of Portfolio Investments

| Name                                           | Title                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.    | CBOT 10 Year US Treasury Note                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -89 | NC      | $57184.94     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EIG PEARL HOLDINGS SARL                        | EIG Pearl Holdings Sarl                                                          | CUSIP: 000000000<br>LEI: 549300KIMRL45BWA5H76 | Long             | DBT              | CORP              | LU        |    650000 | PA      | $501393.75    | 0.55%             | 2046-11-30      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| AES PANAMA GENERATION HL                       | AES Panama Generation Holdings SRL                                               | CUSIP: 00109AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |    825000 | PA      | $718612.13    | 0.79%             | 2030-05-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES                           | AGILENT TECHNOLOGIES                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999239.83    | 1.10%             | 2023-01-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| C&W SENIOR FINANCING DAC                       | C&W Senior Financing DAC                                                         | CUSIP: 000000000<br>LEI: 5493009O8OIWZPZRY516 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $932180.00    | 1.03%             | 2027-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| KT CORP                                        | KT Corp                                                                          | CUSIP: 48268KAG6<br>LEI: 9884005ACF8449EANY26 | Long             | DBT              | CORP              | KR        |    550000 | PA      | $535555.58    | 0.59%             | 2025-08-08      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF POLAND                             | Republic of Poland Government International Bond                                 | CUSIP: 857524AE2<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    700000 | PA      | $747784.10    | 0.82%             | 2032-11-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                              | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAE1<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    550000 | PA      | $374313.50    | 0.41%             | 2025-03-11      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| CNTL AMR BOTTLING CORP                         | Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL        | CUSIP: 15239XAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    750000 | PA      | $700676.25    | 0.77%             | 2029-04-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KOREA ELECTRIC POWER CO                        | Korea Electric Power Corp                                                        | CUSIP: 500631AY2<br>LEI: 988400QG33WS7JEIV602 | Long             | DBT              | NUSS              | KR        |    650000 | PA      | $654351.13    | 0.72%             | 2028-04-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TURK SISE VE CAM FABRIKA                       | Turkiye Sise ve Cam Fabrikalari AS                                               | CUSIP: 90016AAB6<br>LEI: 789000KWOK751Q6R8875 | Long             | DBT              | CORP              | TR        |    700000 | PA      | $684067.30    | 0.75%             | 2026-03-14      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| KOREA ELECTRIC POWER CO                        | Korea Electric Power Corp                                                        | CUSIP: 500631AV8<br>LEI: 988400QG33WS7JEIV602 | Long             | DBT              | NUSS              | KR        |   1300000 | PA      | $1244973.34   | 1.37%             | 2025-06-14      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS                         | Galaxy Pipeline Assets Bidco Ltd                                                 | CUSIP: 36321PAE0<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |    386612 | PA      | $312211.41    | 0.34%             | 2040-09-30      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.    | CME Ultra Long Term US Treasury Bond                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         5 | NC      | $-19557.60    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| KOOKMIN BANK                                   | Kookmin Bank                                                                     | CUSIP: 50049MAD1<br>LEI: 549300XXMOJSIW8P4769 | Long             | DBT              | CORP              | KR        |    550000 | PA      | $515099.23    | 0.57%             | N/A             | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| CK HUTCHISON INTNTL 21                         | CK Hutchison International 21 Ltd                                                | CUSIP: 12565WAB7<br>LEI: 254900E16YL0NL5TFN79 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $495543.07    | 0.55%             | 2031-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ALFA BANK (ALFA BOND)                          | Alfa Bank AO Via Alfa Bond Issuance PLC                                          | CUSIP: 01538RAF6<br>LEI: 54930015QM0G7XTNYR27 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $63000.00     | 0.07%             | 2030-04-15      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| KOOKMIN BANK                                   | Kookmin Bank                                                                     | CUSIP: 50050GAN8<br>LEI: 549300XXMOJSIW8P4769 | Long             | DBT              | CORP              | KR        |    700000 | PA      | $558635.29    | 0.62%             | 2030-11-04      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PT PERTAMINA (PERSERO)                         | Pertamina Persero PT                                                             | CUSIP: 69370PAF8<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | NUSS              | ID        |    800000 | PA      | $698085.82    | 0.77%             | 2030-01-21      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| PROMIGAS/GASES PACIFICO                        | Promigas SA ESP / Gases del Pacifico SAC                                         | CUSIP: 74348DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    500000 | PA      | $407626.90    | 0.45%             | 2029-10-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                        | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   1250000 | PA      | $1095662.50   | 1.21%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| BANCOLOMBIA SA                                 | Bancolombia SA                                                                   | CUSIP: 05968LAL6<br>LEI: 54930052NWJRPNMP1W58 | Long             | DBT              | CORP              | CO        |    750000 | PA      | $660408.75    | 0.73%             | 2029-12-18      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WOORI BANK                                     | Woori Bank                                                                       | CUSIP: 98105FAC8<br>LEI: 549300VUVMRL6RE7R376 | Long             | DBT              | CORP              | KR        |    725000 | PA      | $713719.00    | 0.79%             | 2024-04-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VERIZON GLOBAL                                 | VERIZON COMMUN 01/04/2023                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999367.64    | 1.10%             | 2023-01-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                                | CUSIP: 404280DR7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1600000 | PA      | $1684364.54   | 1.86%             | 2028-11-03      | Fixed         | 7.39%                 | No            |                  2 | On Loan: No      |
| POSCO                                          | POSCO                                                                            | CUSIP: 73730EAA1<br>LEI: 9884000N94NH7G6LQ816 | Long             | DBT              | CORP              | KR        |    775000 | PA      | $750449.34    | 0.83%             | 2025-08-04      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund                                   | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |   2994000 | NS      | $2994000.00   | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MELCO RESORTS FINANCE                          | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1500000 | PA      | $1256578.77   | 1.38%             | 2028-07-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CSN RESOURCES SA                               | CSN Resources SA                                                                 | CUSIP: 12644VAD0<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |    675000 | PA      | $535457.39    | 0.59%             | 2031-06-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                       | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                        | CUSIP: 71568QAN7<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |    600000 | PA      | $493222.62    | 0.54%             | 2030-06-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AKBANK TAS                                     | Akbank TAS                                                                       | CUSIP: 00971YAG5<br>LEI: 789000TUMN63Z28TJ497 | Long             | DBT              | CORP              | TR        |    250000 | PA      | $242246.50    | 0.27%             | 2026-02-06      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| BANK LEUMI LE-ISRAEL                           | Bank Leumi Le-Israel BM                                                          | CUSIP: 000000000<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | DBT              | CORP              | IL        |    500000 | PA      | $495666.25    | 0.55%             | 2027-07-27      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ARCOR SAIC                                     | Arcor SAIC                                                                       | CUSIP: 03965PAD3<br>LEI: 529900B2ROYOJG45VO88 | Long             | DBT              | CORP              | AR        |    510000 | PA      | $549165.45    | 0.61%             | 2027-10-09      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                              | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAD3<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $610499.68    | 0.67%             | 2024-01-21      | Fixed         | 13.88%                | No            |                  2 | On Loan: No      |
| SHINHAN FINANCIAL GROUP                        | Shinhan Financial Group Co Ltd                                                   | CUSIP: 824596AA8<br>LEI: 988400EB8A6G49E5KO54 | Long             | DBT              | CORP              | KR        |    425000 | PA      | $365393.75    | 0.40%             | N/A             | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| GRUPO BIMBO SAB DE CV                          | Grupo Bimbo SAB de CV                                                            | CUSIP: 40052VAF1<br>LEI: 5493000RIXURZEBFEV60 | Long             | DBT              | CORP              | MX        |    500000 | PA      | $497392.50    | 0.55%             | N/A             | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ORYX FUNDING LTD                               | Oryx Funding Ltd                                                                 | CUSIP: 67114NAA9<br>LEI: 549300S728CF0BBRC295 | Long             | DBT              | CORP              | KY        |    550000 | PA      | $526099.20    | 0.58%             | 2031-02-03      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                           | Saudi Arabian Oil Co                                                             | CUSIP: 80414L2K0<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |   1400000 | PA      | $1156747.20   | 1.27%             | 2030-11-24      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                                   | SK Hynix Inc                                                                     | CUSIP: 78392BAC1<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |    700000 | PA      | $513904.43    | 0.57%             | 2031-01-19      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| TELEFONICA MOVILES CHILE                       | Telefonica Moviles Chile SA                                                      | CUSIP: 000000000<br>LEI: 549300PDWJ2U6A15B785 | Long             | DBT              | CORP              | CL        |    800000 | PA      | $656552.00    | 0.72%             | 2031-11-18      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| ATP TOW / AND TELECOM                          | ATP Tower Holdings LLC / Andean Tower Partners Colombia SAS / Andean Telecom Par | CUSIP: 00216DAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    525000 | PA      | $463664.25    | 0.51%             | 2026-04-27      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| JBS USA/FOOD/FINANCE                           | JBS USA LUX SA / JBS USA Food Co / JBS USA Finance Inc                           | CUSIP: 46590XAT3<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    950000 | PA      | $770872.75    | 0.85%             | 2032-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| GOLD FIELDS OROGEN HOLD                        | Gold Fields Orogen Holdings BVI Ltd                                              | CUSIP: 38060AAB0<br>LEI: 213800CLGJ2E9KGU2F20 | Long             | DBT              | CORP              | VG        |    775000 | PA      | $769017.92    | 0.85%             | 2024-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GC TREASURY CENTRE CO                          | GC Treasury Center Co Ltd                                                        | CUSIP: 36830BAD7<br>LEI: 549300LUFQBC2EQNAR40 | Long             | DBT              | CORP              | TH        |    725000 | PA      | $644079.13    | 0.71%             | 2032-03-30      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COPPER CORP                           | Southern Copper Corp                                                             | CUSIP: 84265VAJ4<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |    600000 | PA      | $615003.59    | 0.68%             | 2045-04-23      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                        | Reliance Industries Ltd                                                          | CUSIP: 759470BB2<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | IN        |    535000 | PA      | $434241.61    | 0.48%             | 2032-01-12      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ENGIE ENERGIA CHILE SA                         | Engie Energia Chile SA                                                           | CUSIP: 000000000<br>LEI: 5493000FIKCC3ZDWTO77 | Long             | DBT              | CORP              | CL        |    630000 | PA      | $515508.04    | 0.57%             | 2030-01-28      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.    | US 10YR ULTRA                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -54 | NC      | $45173.52     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK HAPOALIM                                  | Bank Hapoalim BM                                                                 | CUSIP: 000000000<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | DBT              | CORP              | IL        |    925000 | PA      | $795944.00    | 0.88%             | 2032-01-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                       | OCP SA                                                                           | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    500000 | PA      | $474583.00    | 0.52%             | 2044-04-25      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TURKIYE IS BANKASI A.S                         | Turkiye Is Bankasi AS                                                            | CUSIP: 000000000<br>LEI: 789000FIRX9MDN0KTM91 | Long             | DBT              | CORP              | TR        |    550000 | PA      | $546665.90    | 0.60%             | 2024-04-25      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SUZANO AUSTRIA GMBH                            | Suzano Austria GmbH                                                              | CUSIP: 86964WAB8<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |    300000 | PA      | $299977.64    | 0.33%             | 2047-03-16      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.    | US 2YR NOTE (CBT)                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        61 | NC      | $12287.36     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.    | CBOT 5 Year US Treasury Note                                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        54 | NC      | $-15519.55    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING                          | Alibaba Group Holding Ltd                                                        | CUSIP: 01609WAQ5<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    650000 | PA      | $628894.47    | 0.69%             | 2024-11-28      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| GENM CAPITAL LABUAN                            | GENM Capital Labuan Ltd                                                          | CUSIP: 37231BAA6<br>LEI: 254900DWSHIWTSE0YG58 | Long             | DBT              | CORP              | MY        |    650000 | PA      | $484511.60    | 0.53%             | 2031-04-19      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| OQ SAOC                                        | OQ SAOC                                                                          | CUSIP: 67624L2A5<br>LEI: 549300YK417GKI6EQ392 | Long             | DBT              | CORP              | OM        |    950000 | PA      | $903154.55    | 1.00%             | 2028-05-06      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OLEODUCTO CENTRAL SA                           | Oleoducto Central SA                                                             | CUSIP: 000000000<br>LEI: 254900W4CPYCQFVH5E92 | Long             | DBT              | CORP              | CO        |    800000 | PA      | $707134.52    | 0.78%             | 2027-07-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                       | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05971PAB4<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    500000 | PA      | $458575.68    | 0.51%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ABU DHABI NATIONAL ENERG                       | Abu Dhabi National Energy Co PJSC                                                | CUSIP: 00388WAJ0<br>LEI: 213800UNJSVQFNUYYW03 | Long             | DBT              | CORP              | AE        |    850000 | PA      | $756753.30    | 0.83%             | 2028-04-29      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELEC 01/06/2023                       | AMERICAN ELEC 01/06/2023                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999111.39    | 1.10%             | 2023-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CIA CERVECERIAS UNIDAS                         | Cia Cervecerias Unidas SA                                                        | CUSIP: 204429AA2<br>LEI: 529900BJW9B0O6LI2R39 | Long             | DBT              | CORP              | CL        |    370000 | PA      | $312600.05    | 0.34%             | 2032-01-19      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| BANCO DO BRASIL (CAYMAN)                       | Banco do Brasil SA/Cayman                                                        | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |    750000 | PA      | $751586.25    | 0.83%             | N/A             | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ANGLOGOLD HOLDINGS PLC                         | AngloGold Ashanti Holdings PLC                                                   | CUSIP: 03512TAF8<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |    600000 | PA      | $524147.26    | 0.58%             | 2028-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BANK LEUMI LE-ISRAEL                           | Bank Leumi Le-Israel BM                                                          | CUSIP: 06326BAA7<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | DBT              | CORP              | IL        |    800000 | PA      | $711684.00    | 0.78%             | 2031-01-29      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| SUMMIT DIGITEL INFRASTR                        | Summit Digitel Infrastructure Ltd                                                | CUSIP: 86608CAA6<br>LEI: 3358004TNI1SSIQ9BQ37 | Long             | DBT              | CORP              | IN        |    700000 | PA      | $538621.89    | 0.59%             | 2031-08-12      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ARABIAN CENTRES SUKUK II                       | Arabian Centres Sukuk II Ltd                                                     | CUSIP: 03847QAA1<br>LEI: 549300X92PKHJD8UYG94 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $364040.40    | 0.40%             | 2026-10-07      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SOVCOMBANK (SOVCOM CAPT)                       | Sovcombank Via SovCom Capital DAC                                                | CUSIP: 84605LAB2<br>LEI: 635400EQFFCXMNLYU680 | Long             | DBT              | CORP              | IE        |    500000 | PA      | $43437.50     | 0.05%             | N/A             | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| ALPEK SA DE CV                                 | Alpek SAB de CV                                                                  | CUSIP: 020564AD2<br>LEI: 549300PWKJTP62D4IQ66 | Long             | DBT              | CORP              | MX        |    950000 | PA      | $863811.25    | 0.95%             | 2029-09-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SA GLOBAL SUKUK LTD                            | SA Global Sukuk Ltd                                                              | CUSIP: 78397PAD3<br>LEI: 5493007DFAVKU7UOGR47 | Long             | DBT              | CORP              | KY        |    275000 | PA      | $235563.90    | 0.26%             | 2031-06-17      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| FIBRIA OVERSEAS FINANCE                        | Fibria Overseas Finance Ltd                                                      | CUSIP: 31572UAF3<br>LEI: 549300WABWKSHESAMG92 | Long             | DBT              | CORP              | KY        |    250000 | PA      | $251272.46    | 0.28%             | 2027-01-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TULLOW OIL PLC                                 | Tullow Oil PLC                                                                   | CUSIP: 899415AG8<br>LEI: 2138003EYHWO75RKS857 | Long             | DBT              | CORP              | GB        |    735000 | PA      | $590807.70    | 0.65%             | 2026-05-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS                         | Galaxy Pipeline Assets Bidco Ltd                                                 | CUSIP: 36321PAD2<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |    485446 | PA      | $414246.79    | 0.46%             | 2034-03-31      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK FINANCIAL INC.                   | NATIONAL BANK FINANCIAL                                                          | CUSIP: 000000000<br>LEI: 549300D83GR71RNG0O65 | Long             | RA               | CORP              | US        |   1000000 | PA      | $1000000.00   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                           | Saudi Arabian Oil Co                                                             | CUSIP: 000000000<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    700000 | PA      | $678090.00    | 0.75%             | 2024-04-16      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ENN CLEAN ENERGY                               | ENN Clean Energy International Investment Ltd                                    | CUSIP: 268733AA0<br>LEI: 3003009YZ3S5V395NR77 | Long             | DBT              | CORP              | VG        |    600000 | PA      | $523346.63    | 0.58%             | 2026-05-12      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| JSW STEEL LTD                                  | JSW Steel Ltd                                                                    | CUSIP: 46635UAD1<br>LEI: 335800EK6HZSC4CVAJ09 | Long             | DBT              | CORP              | IN        |   1200000 | PA      | $948931.46    | 1.05%             | 2032-04-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: —       |
| ANGLOGOLD HOLDINGS PLC                         | AngloGold Ashanti Holdings PLC                                                   | CUSIP: 03512TAB7<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |    400000 | PA      | $384179.16    | 0.42%             | 2040-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BHARTI AIRTEL INTERNATIO                       | Bharti Airtel International Netherlands BV                                       | CUSIP: 08861JAB5<br>LEI: 724500ULW6PWKDAI7I46 | Long             | DBT              | CORP              | NL        |    800000 | PA      | $795755.60    | 0.88%             | 2024-05-20      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| OVERSEA-CHINESE BANKING                        | Oversea-Chinese Banking Corp Ltd                                                 | CUSIP: 69033CAD1<br>LEI: 5493007O3QFXCPOGWK22 | Long             | DBT              | CORP              | SG        |    800000 | PA      | $718628.00    | 0.79%             | 2030-09-10      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD                           | Tencent Holdings Ltd                                                             | CUSIP: 88032WAG1<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |    950000 | PA      | $872355.01    | 0.96%             | 2028-01-19      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.    | CBOT US Long Bond                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         8 | NC      | $-10641.96    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| MDGH GMTN RSC LTD                              | MDGH GMTN RSC Ltd                                                                | CUSIP: 55285GAB0<br>LEI: 213800WRY6FRL9IXLT77 | Long             | DBT              | CORP              | AE        |   1150000 | PA      | $1218395.10   | 1.34%             | 2033-04-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DOLLAR GENERAL CORP                            | Dollar General Corp                                                              | CUSIP: 256677AL9<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |    950000 | PA      | $940110.79    | 1.04%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LENOVO GROUP LTD                               | Lenovo Group Ltd                                                                 | CUSIP: 526250AE5<br>LEI: 254900VUZRGD5U73RE46 | Long             | DBT              | CORP              | HK        |    635000 | PA      | $615689.80    | 0.68%             | 2032-07-27      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| BANC CREDITO INVERSIONES                       | Banco de Credito e Inversiones SA                                                | CUSIP: 05890PAB2<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |    800000 | PA      | $666645.04    | 0.73%             | 2031-10-14      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| SIGMA FINANCE NL                               | Sigma Finance Netherlands BV                                                     | CUSIP: 8265QNAA0<br>LEI: 549300K5R8C331KIC659 | Long             | DBT              | CORP              | NL        |    625000 | PA      | $593298.64    | 0.65%             | 2028-03-27      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MEDCO BELL PTE LTD                             | Medco Bell Pte Ltd                                                               | CUSIP: 58406LAA9<br>LEI: 2549003PNDCWIWGKC768 | Long             | DBT              | CORP              | SG        |   1100000 | PA      | $996151.45    | 1.10%             | 2027-01-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| EQUATE PETROCHEMICAL BV                        | Equate Petrochemical BV                                                          | CUSIP: 000000000<br>LEI: 635400Y3Z5R4NJSMQ630 | Long             | DBT              | CORP              | NL        |    575000 | PA      | $551188.10    | 0.61%             | 2026-11-03      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                            | Altice Financing SA                                                              | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $788437.87    | 0.87%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OOREDOO INTL FINANCE                           | Ooredoo International Finance Ltd                                                | CUSIP: 74735KAA0<br>LEI: 549300BHXCDJ03WU7N77 | Long             | DBT              | CORP              | BM        |    650000 | PA      | $560124.50    | 0.62%             | 2031-04-08      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| MIZRAHI TEFAHOT BANK LTD                       | Mizrahi Tefahot Bank Ltd                                                         | CUSIP: 000000000<br>LEI: YZO9YEGEO4VYDZMDWF93 | Long             | DBT              | CORP              | IL        |    600000 | PA      | $528750.00    | 0.58%             | 2031-04-07      | Fixed         | 3.08%                 | No            |                  2 | On Loan: No      |
| SWEIHAN PV POWER CO PJSC                       | Sweihan PV Power Co PJSC                                                         | CUSIP: 870674AA6<br>LEI: 353800EF1E1IC18GBC48 | Long             | DBT              | CORP              | AE        |    521435 | PA      | $420464.53    | 0.46%             | 2049-01-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CIMB BANK BHD                                  | CIMB Bank Bhd                                                                    | CUSIP: 12570RAA3<br>LEI: SR3J0ZUTXT7OTFT2VU03 | Long             | DBT              | CORP              | MY        |    375000 | PA      | $328585.31    | 0.36%             | 2027-07-20      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| INDUSTRIAS PENOLES SAB D                       | Industrias Penoles SAB de CV                                                     | CUSIP: 456472AD1<br>LEI: 549300WA2HB7776CB324 | Long             | DBT              | CORP              | MX        |    500000 | PA      | $413915.99    | 0.46%             | 2050-08-06      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PTTEP TREASURY CENTER CO                       | PTTEP Treasury Center Co Ltd                                                     | CUSIP: 69371MAD9<br>LEI: 2549006WFOUPZX6TZG08 | Long             | DBT              | CORP              | TH        |   1000000 | PA      | $675443.25    | 0.74%             | 2059-12-06      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| MISC CAPITAL TWO LABUAN                        | Misc Capital Two Labuan Ltd                                                      | CUSIP: 60475DAB7<br>LEI: 9845000ED8376T875113 | Long             | DBT              | CORP              | MY        |    725000 | PA      | $657908.03    | 0.73%             | 2027-04-06      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                       | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                        | CUSIP: 71568QAC1<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |    550000 | PA      | $529262.25    | 0.58%             | 2027-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS                         | Galaxy Pipeline Assets Bidco Ltd                                                 | CUSIP: 000000000<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |    446594 | PA      | $414451.88    | 0.46%             | 2027-09-30      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| DP WORLD PLC                                   | DP World Ltd/United Arab Emirates                                                | CUSIP: 000000000<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |    700000 | PA      | $746046.00    | 0.82%             | 2037-07-02      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                        | Oncor Electric Delivery Co LLC                                                   | CUSIP: 68233JCJ1<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    950000 | PA      | $933078.18    | 1.03%             | 2032-09-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                          | Minerva Luxembourg SA                                                            | CUSIP: 603374AF6<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |    475000 | PA      | $390675.63    | 0.43%             | 2031-03-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NEXA RESOURCES SA                              | Nexa Resources SA                                                                | CUSIP: 000000000<br>LEI: 549300QRMRHM7GAU7L47 | Long             | DBT              | CORP              | LU        |    900000 | PA      | $878098.95    | 0.97%             | 2028-01-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ANTOFAGASTA PLC                                | Antofagasta PLC                                                                  | CUSIP: 03718NAB2<br>LEI: 213800MY6QVH4FVLD628 | Long             | DBT              | CORP              | GB        |    475000 | PA      | $466471.28    | 0.51%             | 2032-05-13      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CELULOSA ARAUCO CONSTITU                       | Celulosa Arauco y Constitucion SA                                                | CUSIP: 151191BJ1<br>LEI: 549300QEKV8G0AMNQD28 | Long             | DBT              | CORP              | CL        |    600000 | PA      | $560440.51    | 0.62%             | 2030-01-29      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL BANK PSQC/THE                       | Commercial Bank PSQC/The                                                         | CUSIP: 000000000<br>LEI: 2138004FUUD4I7X8H721 | Long             | DBT              | CORP              | QA        |    700000 | PA      | $629667.50    | 0.69%             | N/A             | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                           | YPF SA                                                                           | CUSIP: 984245AS9<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |   1100000 | PA      | $828525.75    | 0.91%             | 2029-06-27      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TSMC GLOBAL LTD                                | TSMC Global Ltd                                                                  | CUSIP: 872882AN5<br>LEI: 549300N2ZLI21P85T117 | Long             | DBT              | CORP              | VG        |    650000 | PA      | $640872.05    | 0.71%             | 2032-07-22      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| PETROLEOS MEXICANOS                            | Petroleos Mexicanos                                                              | CUSIP: 71654QCB6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    675000 | PA      | $639020.27    | 0.70%             | 2026-08-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| EMIRATES NBD BANK PJSC                         | Emirates NBD Bank PJSC                                                           | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | DBT              | CORP              | AE        |    650000 | PA      | $643080.75    | 0.71%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                       | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                        | CUSIP: 71568PAC3<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |    250000 | PA      | $240573.75    | 0.27%             | 2027-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                             | Panama Government International Bond                                             | CUSIP: 698299BT0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    600000 | PA      | $610445.96    | 0.67%             | 2035-02-14      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                   | Ecopetrol SA                                                                     | CUSIP: 279158AN9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    975000 | PA      | $886389.60    | 0.98%             | 2030-04-29      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BRASKEM IDESA SAPI                             | Braskem Idesa SAPI                                                               | CUSIP: 10554NAB4<br>LEI: YH0V7ZHY352ITDGEYB83 | Long             | DBT              | CORP              | MX        |   1000000 | PA      | $715713.44    | 0.79%             | 2032-02-20      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| QATAR ENERGY TRADING LLC                       | QatarEnergy Trading LLC                                                          | CUSIP: 74730DAD5<br>LEI: 254900QTESJKJ3P87J26 | Long             | DBT              | CORP              | QA        |    650000 | PA      | $481520.00    | 0.53%             | 2051-07-12      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                        | Reliance Industries Ltd                                                          | CUSIP: 759470AX5<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | IN        |    720000 | PA      | $667704.53    | 0.74%             | 2027-11-30      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                        | Sasol Financing USA LLC                                                          | CUSIP: 80386WAC9<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    625000 | PA      | $554060.73    | 0.61%             | 2026-09-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MAF GLOBAL SECURITIES                          | MAF Global Securities Ltd                                                        | CUSIP: 000000000<br>LEI: 54930037VUDNYTS17017 | Long             | DBT              | CORP              | KY        |    500000 | PA      | $493831.25    | 0.54%             | 2024-05-07      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CT TRUST                                       | CT Trust                                                                         | CUSIP: 12659BAA2<br>LEI: 213800MJB7WO427HQD34 | Long             | DBT              | CORP              | GT        |    800000 | PA      | $703629.92    | 0.78%             | 2032-02-03      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GCC SAB DE CV                                  | GCC SAB de CV                                                                    | CUSIP: 36165RAC9<br>LEI: 254900WY9XL8033CKX68 | Long             | DBT              | CORP              | MX        |    650000 | PA      | $541893.22    | 0.60%             | 2032-04-20      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| EIG PEARL HOLDINGS SARL                        | EIG Pearl Holdings Sarl                                                          | CUSIP: 28249NAA9<br>LEI: 549300KIMRL45BWA5H76 | Long             | DBT              | CORP              | LU        |    525000 | PA      | $441856.80    | 0.49%             | 2036-08-31      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| NETWORK I2I LTD                                | Network i2i Ltd                                                                  | CUSIP: 64132NAC0<br>LEI: 2549003L8M1FGHLHOX45 | Long             | DBT              | CORP              | MU        |    525000 | PA      | $459375.00    | 0.51%             | N/A             | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| INRETAIL CONSUMER                              | InRetail Consumer                                                                | CUSIP: 45790TAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    650000 | PA      | $559831.40    | 0.62%             | 2028-03-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GENERAL MLS IN 01/03/2023                      | GENERAL MLS IN 01/03/2023                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999495.11    | 1.10%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                | Cemex SAB de CV                                                                  | CUSIP: 151290BX0<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    850000 | PA      | $794462.67    | 0.88%             | 2030-09-17      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                         | Millicom International Cellular SA                                               | CUSIP: 600814AR8<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    600000 | PA      | $505735.84    | 0.56%             | 2031-04-27      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CELULOSA ARAUCO CONSTITU                       | Celulosa Arauco y Constitucion SA                                                | CUSIP: 151191BD4<br>LEI: 549300QEKV8G0AMNQD28 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $178754.08    | 0.20%             | 2047-11-02      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ISRAEL ELECTRIC CORP LTD                       | Israel Electric Corp Ltd                                                         | CUSIP: 465077AL9<br>LEI: 254900JW7GE35YNJGJ55 | Long             | DBT              | CORP              | IL        |    500000 | PA      | $473437.50    | 0.52%             | 2028-08-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TURK TELEKOMUNIKASYON AS                       | Turk Telekomunikasyon AS                                                         | CUSIP: 90011QAC4<br>LEI: 789000A2TXOI10JZLF90 | Long             | DBT              | CORP              | TR        |    550000 | PA      | $520349.50    | 0.57%             | 2025-02-28      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                            | Bangkok Bank PCL/Hong Kong                                                       | CUSIP: 06000BAA0<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |    800000 | PA      | $759653.43    | 0.84%             | N/A             | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                            | Bangkok Bank PCL/Hong Kong                                                       | CUSIP: 059895AS1<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |    500000 | PA      | $477574.60    | 0.53%             | 2028-09-19      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| INVERSIONES CMPC SA                            | Inversiones CMPC SA                                                              | CUSIP: 46128MAQ4<br>LEI: 549300G475ACIABB4385 | Long             | DBT              | CORP              | CL        |    575000 | PA      | $482125.91    | 0.53%             | 2031-04-06      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTL 01/04/2023                       | MONDELEZ INTL 01/04/2023                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1998735.28   | 2.20%             | 2023-01-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ADANI PORTS AND SPECIAL                        | Adani Ports & Special Economic Zone Ltd                                          | CUSIP: 000000000<br>LEI: 335800QOAXP5TM7OYP69 | Long             | DBT              | CORP              | IN        |    450000 | PA      | $378495.36    | 0.42%             | 2029-07-03      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER                       | Banco de Credito del Peru S.A.                                                   | CUSIP: 05971V2C8<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |    500000 | PA      | $453954.91    | 0.50%             | 2030-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                         | Millicom International Cellular SA                                               | CUSIP: 600814AN7<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    450000 | PA      | $419240.09    | 0.46%             | 2028-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| CANACOL ENERGY LTD                             | Canacol Energy Ltd                                                               | CUSIP: 134808AD6<br>LEI: 549300X5MNRWPMSM9N14 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $442382.47    | 0.49%             | 2028-11-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CANPACK SA/CANPACK US                          | Canpack SA / Canpack US LLC                                                      | CUSIP: 13805AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    785000 | PA      | $690839.30    | 0.76%             | 2025-11-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                        | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAQ4<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    575000 | PA      | $512812.11    | 0.57%             | 2029-05-09      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| GEOPARK LTD                                    | Geopark Ltd                                                                      | CUSIP: 37255BAB5<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | BM        |    625000 | PA      | $538328.46    | 0.59%             | 2027-01-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Nomura Securities International, Inc.          | NOMURA SECURITIES INT. INC                                                       | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Long             | RA               | CORP              | US        |    483337 | PA      | $483337.00    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| BIDVEST GROUP UK PLC                           | Bidvest Group UK PLC/The                                                         | CUSIP: 88332EAA1<br>LEI: 984500A80C777F496830 | Long             | DBT              | CORP              | GB        |    875000 | PA      | $790667.50    | 0.87%             | 2026-09-23      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| KOREA DEVELOPMENT BANK                         | Korea Development Bank/The                                                       | CUSIP: 500630DU9<br>LEI: 549300ML2LNRZUCS7149 | Long             | DBT              | NUSS              | KR        |    450000 | PA      | $426762.79    | 0.47%             | 2032-09-08      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NBK TIER 1 FINANCING 2                         | NBK Tier 1 Financing 2 Ltd                                                       | CUSIP: 62878WAA6<br>LEI: 549300HMWSJFNREWT164 | Long             | DBT              | CORP              | AE        |    900000 | PA      | $828592.20    | 0.91%             | N/A             | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SAUDI ELECTRICITY GLOBAL                       | Saudi Electricity Global Sukuk Co 2                                              | CUSIP: 000000000<br>LEI: 549300NU3VI6NLNU1575 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $588270.00    | 0.65%             | 2043-04-08      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| EQUATE PETROCHEMICAL BV                        | Equate Petrochemical BV                                                          | CUSIP: 29441WAD7<br>LEI: 635400Y3Z5R4NJSMQ630 | Long             | DBT              | CORP              | NL        |    550000 | PA      | $480562.50    | 0.53%             | 2028-04-28      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| LENOVO GROUP LTD                               | Lenovo Group Ltd                                                                 | CUSIP: 526250AD7<br>LEI: 254900VUZRGD5U73RE46 | Long             | DBT              | CORP              | HK        |    650000 | PA      | $627950.60    | 0.69%             | 2028-01-27      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** Voya Separate Portfolios Trust

**Signature:** Tin Bui

**Name of Signer:** Tin Bui

**Title:** Vice President