# EDGAR Filing Document

**Accession Number:** 0000002664
**File Stem:** 0000940400-25-011397
**Filing Date:** 2025-11
**Character Count:** 34019
**Document Hash:** b7c9756b9fa389e01680aa8aa060ee31
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011397.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000940400-25-011397

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Voya VARIABLE FUNDS
- **CENTRAL INDEX KEY:** 0000002664

**ORGANIZATION NAME:**
- **EIN:** 060912550
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02514
- **FILM NUMBER:** 251534288

**BUSINESS ADDRESS:**
- **STREET 1:** 7337 E. DOUBLETREE RANCH ROAD, STE 100
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85258
- **BUSINESS PHONE:** 480-477-3000

**MAIL ADDRESS:**
- **STREET 1:** 7337 E. DOUBLETREE RANCH ROAD, STE100
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 06103-3602

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ING VARIABLE FUNDS
- **DATE OF NAME CHANGE:** 20020501

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AETNA VARIABLE FUND
- **DATE OF NAME CHANGE:** 20020322

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ING VARIABLE FUNDS
- **DATE OF NAME CHANGE:** 20020320

## Series and Classes Contracts Data

### Voya Growth and Income Portfolio (Series ID: S000008703)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000028787 | Class ADV    | IAVGX           |
| C000028788 | Class I      | IIVGX           |
| C000028789 | Class S      | ISVGX           |
| C000074892 | Class S2     | IGISX           |

## Nport-Ex

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2025

(Unaudited)

Voya

Growth

and

Income

Portfolio

#### Shares

#### RA

#### Value

#### Percentage

#### of

#### Net

#### Assets

#### COMMON

#### STOCK

#### :

#### 99.1%

#### Communication

#### Services

#### :

#### 10.5%
576,725

Alphabet,

Inc.

- Class

A

$

140,201,848

5.4 1,161,610

AT&T,

Inc.

32,803,866

1.2 811,712

(1) Pinterest,

Inc.

- Class

A

26,112,775

1.0 170,348

(1) Take-Two

Interactive

Software,

Inc.

44,011,109

1.7 1,559,806

(1) Warner

Bros

Discovery,

Inc.

30,463,011

1.2 #### 273,592,609
10.5 #### Consumer

#### Discretionary

#### :

#### 8.5%
515,320

(1) Amazon.com,

Inc.

113,148,812

4.4 5,556

Booking

Holdings,

Inc.

29,998,344

1.2 360,903

(1) Chipotle

Mexican

Grill,

Inc.

14,143,789

0.5 124,085

Lowe's

Cos.,

Inc.

31,183,801

1.2 166,097

Williams-Sonoma,

Inc.

32,463,659

1.2 #### 220,938,405
8.5 #### Consumer

#### Staples

#### :

#### 4.1%
210,208

(1) Dollar

Tree,

Inc.

19,837,329

0.8 1,518,637

Kenvue,

Inc.

24,647,479

0.9 270,418

McCormick

&

Co.,

Inc.

18,093,668

0.7 265,929

Philip

Morris

International,

Inc.

43,133,684

1.7 #### 105,712,160
4.1 #### Energy

#### :

#### 3.4%
197,960

Chesapeake

Energy

Corp.

21,031,270

0.8 344,969

Chevron

Corp.

53,570,236

2.0 282,141

HF

Sinclair

Corp.

14,767,260

0.6 #### 89,368,766
3.4 #### Financials

#### :

#### 12.8%
266,278

American

International

Group,

Inc.

20,913,474

0.8 91,041

Assurant,

Inc.

19,719,481

0.7 914,786

Bank

of

America

Corp.

47,193,810

1.8 166,008

Intercontinental

Exchange,

Inc.

27,969,028

1.1 181,399

PNC

Financial

Services

Group,

Inc.

36,448,501

1.4 348,804

State

Street

Corp.

40,464,752

1.5 429,046

Synchrony

Financial

30,483,718

1.2 120,241

Tradeweb

Markets,

Inc.

- Class

A

13,344,346

0.5 165,034

Visa,

Inc.

- Class

A

56,339,307

2.2 484,759

Wells

Fargo

&

Co.

40,632,499

1.6 #### 333,508,916
12.8 #### Health

#### Care

#### :

#### 11.8%
226,111

Abbott

Laboratories

30,285,307

1.2 179,175

AbbVie,

Inc.

41,486,180

1.6 141,274

Danaher

Corp.

28,008,983

1.1 125,684

Humana,

Inc.

32,699,206

1.3 34,937

McKesson

Corp.

26,990,230

1.0 25,827

(1) Mettler-Toledo

International,

Inc.

31,705,483

1.2 1,478,935

Pfizer,

Inc.

37,683,264

1.4 70,964

Stryker

Corp.

26,233,262

1.0 #### Shares

#### Value

#### Percentage

#### of

#### Net

#### Assets

#### COMMON

#### STOCK:
(continued)

#### Health

#### Care:
(continued)

63,082

(1) Thermo

Fisher

Scientific,

Inc.

$

30,596,032

1.2 50,934

(1) Vertex

Pharmaceuticals,

Inc.

19,947,792

0.8 #### 305,635,739
11.8 #### Industrials

#### :

#### 6.8%
348,196

3M

Co.

54,033,055

2.1 139,633

(1) Boeing

Co.

30,136,990

1.2 48,347

(1) Dycom

Industries,

Inc.

14,105,721

0.6 515,360

(1) Gates

Industrial

Corp.

PLC

12,791,235

0.5 197,690

Johnson

Controls

International

PLC

21,736,016

0.8 32,051

Parker-Hannifin

Corp.

24,299,466

0.9 63,645

(1) Saia,

Inc.

19,052,767

0.7 #### 176,155,250
6.8 #### Information

#### Technology

#### :

#### 33.6%
92,646

(1) Adobe,

Inc.

32,680,877

1.3 189,125

(1) Advanced

Micro

Devices,

Inc.

30,598,534

1.2 813,922

Apple,

Inc.

207,248,959

8.0 348,838

Broadcom,

Inc.

115,085,145

4.4 536,594

Cisco

Systems,

Inc.

36,713,761

1.4 660,926

Intel

Corp.

22,174,067

0.9 212,243

Micron

Technology,

Inc.

35,512,499

1.4 403,515

Microsoft

Corp.

209,000,594

8.0 547,731

NVIDIA

Corp.

102,195,650

3.9 163,722

Salesforce,

Inc.

38,802,114

1.5 150,304

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.,

ADR

41,978,404

1.6 #### 871,990,604
33.6 #### Materials

#### :

#### 1.8%
963,410

Alcoa

Corp.

31,686,555

1.2 115,169

Nucor

Corp.

15,597,338

0.6 #### 47,283,893
1.8 #### Real

#### Estate

#### :

#### 3.1%
288,057

Boston

Properties,

Inc.

21,414,157

0.8 143,940

Extra

Space

Storage,

Inc.

20,286,904

0.8 220,418

Welltower,

Inc.

39,265,263

1.5 #### 80,966,324
3.1 #### Utilities

#### :

#### 2.7%
257,808

Duke

Energy

Corp.

31,903,740

1.2 451,020

Public

Service

Enterprise

Group,

Inc.

37,642,129

1.5 10,000,000

(2)(3)

Southern

Energy

—

0.0 #### 69,545,869
2.7 Total

Common

Stock

(Cost

$1,905,371,294)

#### 2,574,698,535
99.1 PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2025

(Unaudited)

(continued)

Voya

Growth

and

Income

Portfolio

#### Shares

#### RA

#### Value

#### Percentage

#### of

#### Net

#### Assets

#### SHORT-TERM

#### INVESTMENTS

#### :

#### 0.9%

#### Mutual

#### Funds

#### :

#### 0.9%
22,706,000

(4) Morgan

Stanley

Institutional

Liquidity

Funds

-

Government

Portfolio

(Institutional

Share

Class),

4.050%

(Cost

$22,706,000)

#### $

#### 22,706,000
0.9 Total

Short-Term

Investments

(Cost

$22,706,000)

#### $

#### 22,706,000
0.9 #### Total

#### Investments

#### in

#### Securities

#### (Cost

#### $1,928,077,294)

#### $

#### 2,597,404,535
100.0 #### Assets

#### in

#### Excess

#### of

#### Other

#### Liabilities

#### 291,254
0.0 #### Net

#### Assets

#### $

#### 2,597,695,789
100.0 ADR

American

Depositary

Receipt

(1) Non-income

producing

security.

(2) For

fair

value

measurement

disclosure

purposes,

security

is

categorized

as

Level

3,

whose

value

was

determined

using

significant

unobservable

inputs.

(3) Restricted

security

as

to

resale,

excluding

Rule

144A

securities.

As

of

September

30,

2025,

the

Portfolio

held

restricted

securities

with

a

fair

value

of

$–

or

—%

of

net

assets.

Please

refer

to

the

table

below

for

additional

details.

(4) Rate

shown

is

the

7-day

yield

as

of

September

30,

2025. PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2025

(Unaudited)

(continued)

Voya

Growth

and

Income

Portfolio

#### Fair

#### Value

#### Measurements
The

following

is

a

summary

of

the

fair

valuations

according

to

the

inputs

used

as

of

September

30,

2025

in

valuing

the

assets

and

liabilities:

#### Quoted

#### Prices

#### in

#### Active

#### Markets

#### for

#### Identical

#### Investments

#### (Level

#### 1)

#### Signiﬁcant

#### Other

#### Observable

#### Inputs

#### (Level

#### 2)

#### Signiﬁcant

#### Unobservable

#### Inputs

#### (Level

#### 3)

#### Fair

#### Value

#### at

#### September

#### 30,

#### 2025

#### Asset

#### Table

#### Investments,

#### at

#### fair

#### value
Common

Stock

Communication

Services

$

273,592,609

$

—

$

—

$

273,592,609

Consumer

Discretionary

220,938,405

—

—

220,938,405

Consumer

Staples

105,712,160

—

—

105,712,160

Energy

89,368,766

—

—

89,368,766

Financials

333,508,916

—

—

333,508,916

Health

Care

305,635,739

—

—

305,635,739

Industrials

176,155,250

—

—

176,155,250

Information

Technology

871,990,604

—

—

871,990,604

Materials

47,283,893

—

—

47,283,893

Real

Estate

80,966,324

—

—

80,966,324

Utilities

69,545,869

—

—

69,545,869

Total

Common

Stock

2,574,698,535

—

—

2,574,698,535

Short-Term

Investments

22,706,000

—

—

22,706,000

Total

Investments,

at

fair

value

$

2,597,404,535

$

—

$

—

$

2,597,404,535

At

September

30,

2025,

Voya

Growth

and

Income

Portfolio

held

the

following

restricted

securities:

#### Security

#### Acquisition

#### Date

#### Acquisition

#### Cost

#### Fair

#### Value
Southern

Energy

11/30/2005

$

—

$

—

$

—

$

—

Net

unrealized

appreciation

consisted

of:

Gross

Unrealized

Appreciation

$

700,901,159

Gross

Unrealized

Depreciation

(31,573,918)

Net

Unrealized

Appreciation

$

669,327,241

## 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 Variable Funds

- **b. Investment Company Act file number:** 811-02514

- **c. CIK number of Registrant:** 0000002664

- **d. LEI of Registrant:** 549300J1AYTJTJWHW556

- **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 GROWTH AND INCOME PORTFOLIO

- **b. EDGAR series identifier (if any):** S000008703

- **c. LEI of Series:** EGZJ3ZLULHRUEQW4E910

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $2599259993.72

**Total Liabilities:** $1626652.64

**Net Assets:** $2597633341.08

**Cash Not Reported:** $985860.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028789 | 1.31%                | 1.87%                | 2.91%                |
| Class ID C000028787 | 1.26%                | 1.87%                | 2.87%                |
| Class ID C000074892 | 1.27%                | 1.90%                | 2.85%                |
| Class ID C000028788 | 1.33%                | 1.91%                | 2.90%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $144584219.03            | $-113322434.43                             |
| Month 2  | $-15317507.74            | $61464498.13                               |
| Month 3  | $18139098.93             | $54619244.14                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MIRANT CORP                     | MIRANT CORP 144A ESCROW                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | CORP              | US        |  10000000 | OU      | $0.10         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| McCormick & Co Inc/MD           | McCormick & Co Inc/MD                     | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |    270418 | NS      | $18093668.38  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                  | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    403515 | NS      | $209000594.25 | 8.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                    | Danaher Corp                              | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |    141274 | NS      | $28008983.24  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                      | Humana Inc                                | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |    125684 | NS      | $32699206.28  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                     | NVIDIA Corp                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    547731 | NS      | $102195649.98 | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International  | Johnson Controls International plc        | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |    197690 | NS      | $21736015.50  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group I  | American International Group Inc          | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |    266278 | NS      | $20913474.12  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc               | Cisco Systems Inc                         | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    536594 | NS      | $36713761.48  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                    | Chevron Corp                              | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    344969 | NS      | $53570236.01  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                   | Boeing Co/The                             | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |    139633 | NS      | $30136990.39  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc    | Thermo Fisher Scientific Inc              | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     63082 | NS      | $30596031.64  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                  | Lowe's Cos Inc                            | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |    124085 | NS      | $31183801.35  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Grou  | Public Service Enterprise Group Inc       | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |    451020 | NS      | $37642129.20  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group I  | PNC Financial Services Group Inc/The      | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |    181399 | NS      | $36448501.07  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                      | Alcoa Corp                                | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |    963410 | NS      | $31686554.90  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc         | Extra Space Storage Inc                   | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    143940 | NS      | $20286903.60  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                        | Visa Inc                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    165034 | NS      | $56339306.92  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp              | Expand Energy Corp                        | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    197960 | NS      | $21031270.40  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp                | HF Sinclair Corp                          | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |    282141 | NS      | $14767259.94  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc            | Tradeweb Markets Inc                      | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    120241 | NS      | $13344346.18  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                    | Assurant Inc                              | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |     91041 | NS      | $19719480.60  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial             | Synchrony Financial                       | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |    429046 | NS      | $30483718.30  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                      | Nucor Corp                                | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |    115169 | NS      | $15597337.67  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC SECURITIES (USA) INC.      | HSBC SECURITIES (USA) INC                 | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Long             | RA               | CORP              | US        |       970 | PA      | $970.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp            | Parker-Hannifin Corp                      | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     32051 | NS      | $24299465.65  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories             | Abbott Laboratories                       | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    226111 | NS      | $30285307.34  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                    | Stryker Corp                              | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     70964 | NS      | $26233261.88  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc             | Williams-Sonoma Inc                       | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |    166097 | NS      | $32463658.65  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc      | Chipotle Mexican Grill Inc                | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    360903 | NS      | $14143788.57  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp            | Bank of America Corp                      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    914786 | NS      | $47193809.74  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC      | JP MORGAN SECURITIES LLC                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Long             | RA               | CORP              | US        |      1822 | PA      | $1822.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BXP Inc                         | BXP Inc                                   | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |    288057 | NS      | $21414157.38  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                        | Saia Inc                                  | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |     63645 | NS      | $19052767.20  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International I  | Mettler-Toledo International Inc          | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |     25827 | NS      | $31705483.47  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC       | Gates Industrial Corp PLC                 | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | US        |    515360 | NS      | $12791235.20  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc      | Advanced Micro Devices Inc                | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |    189125 | NS      | $30598533.75  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                            | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    150304 | NS      | $41978404.16  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                    | Alphabet Inc                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    576725 | NS      | $140201847.50 | 5.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc            | Booking Holdings Inc                      | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      5556 | NS      | $29998344.12  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                  | Salesforce Inc                            | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    163722 | NS      | $38802114.00  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                       | Adobe Inc                                 | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     92646 | NS      | $32680876.50  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC DOMINION SECURITIES INC.    | RBC DOMINION SECURITIES INC               | CUSIP: 000000000<br>LEI: 549300QJJX6CVVUXLE15 | Long             | RA               | CORP              | US        |       811 | PA      | $811.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dycom Industries Inc            | Dycom Industries Inc                      | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |     48347 | NS      | $14105720.72  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                      | Intel Corp                                | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    660926 | NS      | $22174067.30  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc       | Warner Bros Discovery Inc                 | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |   1559806 | NS      | $30463011.18  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NATWEST MARKETS SECURITIES INC. | NATWEST MARKETS SECURITIES INC            | CUSIP: 000000000<br>LEI: ZE2ZWJ5BTIQJ8M0C6K34 | Long             | RA               | CORP              | US        |      2519 | PA      | $2519.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                | Wells Fargo & Co                          | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    484759 | NS      | $40632499.38  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                      | Pfizer Inc                                | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |   1478935 | NS      | $37683263.80  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                    | Broadcom Inc                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    348838 | NS      | $115085144.58 | 4.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                   | Pinterest Inc                             | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    811712 | NS      | $26112775.04  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                        | AT&T Inc                                  | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |   1161610 | NS      | $32803866.40  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc           | Micron Technology Inc                     | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |    212243 | NS      | $35512498.76  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc      | Vertex Pharmaceuticals Inc                | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     50934 | NS      | $19947791.76  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In  | Philip Morris International Inc           | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    265929 | NS      | $43133683.80  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                 | Dollar Tree Inc                           | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |    210208 | NS      | $19837328.96  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                           | 3M Co                                     | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |    348196 | NS      | $54033055.28  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp               | State Street Corp                         | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |    348804 | NS      | $40464752.04  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                      | Kenvue Inc                                | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |   1518637 | NS      | $24647478.51  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc   | Intercontinental Exchange Inc             | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |    166008 | NS      | $27969027.84  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                       | Apple Inc                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    813922 | NS      | $207248958.86 | 7.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                  | Amazon.com Inc                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    515320 | NS      | $113148812.40 | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                | Duke Energy Corp                          | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    257808 | NS      | $31903740.00  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software   | Take-Two Interactive Software Inc         | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |    170348 | NS      | $44011109.28  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                   | McKesson Corp                             | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     34937 | NS      | $26990229.98  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio      | MSILF Government Portfolio                | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |  22706000 | NS      | $22706000.00  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                   | Welltower Inc                             | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |    220418 | NS      | $39265262.52  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                      | AbbVie Inc                                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    179175 | NS      | $41486179.50  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-26

**Name of Applicant:** Voya Variable Funds

**Signature:** Dorothy Roman

**Name of Signer:** Dorothy Roman

**Title:** Vice President, Fund Administration