# EDGAR Filing Document

**Accession Number:** 0001063946
**File Stem:** 0001683863-25-006738
**Filing Date:** 2025-8
**Character Count:** 26468
**Document Hash:** d9a02b2b604ed2e42c6f5966a7f5770e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683863-25-006738.hdr.sgml**: 20250815

**ACCESSION NUMBER**: 0001683863-25-006738

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 6

**FILED AS OF DATE**: 20250815

**DATE AS OF CHANGE**: 20250815

**EFFECTIVENESS DATE**: 20250815

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Voya EQUITY TRUST
- **CENTRAL INDEX KEY:** 0001063946

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-56881
- **FILM NUMBER:** 251225120

**BUSINESS ADDRESS:**
- **STREET 1:** 7337 E. DOUBLETREE RANCH ROAD, STE 100
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85258
- **BUSINESS PHONE:** 800-992-0180

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ING EQUITY TRUST
- **DATE OF NAME CHANGE:** 20020205

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PILGRIM EQUITY TRUST
- **DATE OF NAME CHANGE:** 19991029

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NORTHSTAR EQUITY TRUST
- **DATE OF NAME CHANGE:** 19980612
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Voya MUTUAL FUNDS
- **CENTRAL INDEX KEY:** 0000895430

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-56094
- **FILM NUMBER:** 251225121

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

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

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

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

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

## Series and Classes Contracts Data

### Voya Multi-Manager International Equity Fund (Series ID: S000030601)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class I    | IIGIX         | C000094856 |

---

### Voya Large Cap Value Fund (Series ID: S000019684)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | IEDAX         | C000055103 |
| Class C    | IEDCX         | C000055105 |
| Class I    | IEDIX         | C000055106 |
| Class W    | IWEDX         | C000078999 |
| Class R    | IEDRX         | C000103066 |
| Class R6   | IEDZX         | C000122002 |

---

### Voya MI Dynamic SMID Cap Fund (Series ID: S000066936)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class W    | VYMYX         | C000215382 |
| Class A    | VYMQX         | C000215383 |
| Class C    | VYMRX         | C000215384 |
| Class I    | VYMSX         | C000215385 |
| Class R    | VYMVX         | C000215388 |

---

### Voya Small Company Fund (Series ID: S000066937)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class W    | VYSGX         | C000215390 |
| Class R    | VYSDX         | C000215391 |
| Class I    | VYSAX         | C000215394 |
| Class C    | VYSZX         | C000215395 |
| Class A    | VYSYX         | C000215396 |
| Class R6   | VYSEX         | C000215397 |

---

## Series and Classes Contracts Data

### Voya Multi-Manager International Equity Fund (Series ID: S000030601)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000094856 | Class I      | IIGIX           |

### Voya Large Cap Value Fund (Series ID: S000019684)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000055103 | Class A      | IEDAX           |
| C000055105 | Class C      | IEDCX           |
| C000055106 | Class I      | IEDIX           |
| C000078999 | Class W      | IWEDX           |
| C000103066 | Class R      | IEDRX           |
| C000122002 | Class R6     | IEDZX           |

### Voya MI Dynamic SMID Cap Fund (Series ID: S000066936)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000215382 | Class W      | VYMYX           |
| C000215383 | Class A      | VYMQX           |
| C000215384 | Class C      | VYMRX           |
| C000215385 | Class I      | VYMSX           |
| C000215388 | Class R      | VYMVX           |

### Voya Small Company Fund (Series ID: S000066937)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000215390 | Class W      | VYSGX           |
| C000215391 | Class R      | VYSDX           |
| C000215394 | Class I      | VYSAX           |
| C000215395 | Class C      | VYSZX           |
| C000215396 | Class A      | VYSYX           |
| C000215397 | Class R6     | VYSEX           |

**VOYA EQUITY TRUST**

Voya Large Cap Value Fund

Voya MI Dynamic SMID Cap Fund

Voya Small Company Fund

**VOYA MUTUAL FUNDS**

Voya Multi-Manager International Equity Fund (each a "Fund" and collectively, the "Funds")

Supplement dated August 15, 2025

to the Funds' current Summary Prospectuses and Prospectuses, as supplemented

(each a "Prospectus" and collectively, the "Prospectuses")

Effective August 31, 2025: (1) Gareth Shepherd, Ph.D., CFA will no longer serve as a portfolio manager for Voya MI Dynamic SMID Cap Fund ("SMID Fund"), Voya Small Company Fund ("Small Company Fund") and Voya Multi-Manager International Equity Fund ("Multi-Manager Fund"); (2) Vincent Costa, CFA will no longer serve as a portfolio manager for the Funds; and (3) Sanne V. de Boer, Ph.D., CFA and Kai Yee Wong will be added as portfolio managers for SMID Fund, Small Company Fund and Multi- Manager Fund.

Effective August 31, 2025, the Prospectuses are revised as follows:

1. All references to Gareth Shepherd, Ph.D., CFA as a portfolio manager for SMID Fund, Small Company Fund and Multi-Manager Fund are hereby deleted in their entirety.

2. All references to Vincent Costa, CFA as a portfolio manager for the Funds are hereby deleted in their entirety.

**Voya Large Cap Value Fund**

3. The sub-section of the Prospectus entitled "Portfolio Management – Portfolio Managers" in the Fund's

Summary Section is deleted in its entirety and replaced with the following:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Portfolio Managers** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;James Dorment, CFA | Gregory Wachsman, CFA |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Portfolio Manager (since 12/15) | Portfolio Manager (since 05/21) |
| **SMID Fund** |  |

---

4. The section of the Prospectus entitled "Portfolio Management" in the Fund's Summary Section is deleted in its entirety and replaced with the following:

---

| | |
|:---|:---|
| **Investment Adviser** |  |
| Voya Investments, LLC |  |
| **Sub-Adviser** |  |
| Voya Investment Management Co. LLC |  |
| **Portfolio Managers** |  |
| Russell Shtern, CFA | Kai Yee Wong |
| Portfolio Manager (since 07/25) | Portfolio Manager (since 08/25) |
| **Sub-Sub-Adviser** |  |
| Voya Investment Management (UK) Limited |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |  |

---

**Portfolio Manager**

Sanne V. de Boer, Ph.D., CFA

Portfolio Manager (since 08/25)

**Small Company Fund**

5. The section of the Prospectus entitled "Portfolio Management" in the Fund's Summary Section is deleted in its entirety and replaced with the following:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investment Adviser** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Voya Investments, LLC |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Sub-Adviser** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Voya Investment Management Co. LLC |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Portfolio Managers** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Russell Shtern, CFA | Kai Yee Wong |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Portfolio Manager (since 07/22) | Portfolio Manager (since 08/25) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Sub-Sub-Adviser** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Voya Investment Management (UK) Limited |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Portfolio Manager** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sanne V. de Boer, Ph.D., CFA |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Portfolio Manager (since 08/25) |  |
| **Multi-Manager Fund** |  |

---

6. The section of the Prospectus entitled "Portfolio Management" in the Fund's Summary Section is deleted in its entirety and replaced with the following:

---

| | |
|:---|:---|
| **Investment Adviser** |  |
| Voya Investments, LLC |  |
| **Portfolio Managers** |  |
| Lanyon Blair, CFA, CAIA | Barbara Reinhard, CFA |
| Portfolio Manager (since 05/23) | Portfolio Manager (since 05/23) |
| **Sub-Adviser** |  |
| Acadian Asset Management LLC |  |
| **Portfolio Managers** |  |
| Brendan O. Bradley, Ph.D. | Fanesca Young, Ph.D., CFA |
| Portfolio Manager (since 02/25) | Portfolio Manager (since 02/25) |
| **Sub-Adviser** |  |
| Lazard Asset Management LLC |  |
| **Portfolio Managers** |  |
| Robert Failla, CFA | Louis Florentin-Lee, CFA |
| Portfolio Manager (since 05/24) | Portfolio Manager (since 05/24) |
| Barnaby Wilson, CFA |  |
| Portfolio Manager (since 05/24) |  |
| **Sub-Adviser** |  |
| Voya Investment Management Co. LLC |  |
| **Portfolio Managers** |  |
| Russell Shtern, CFA | Kai Yee Wong |
| Portfolio Manager (since 05/24) | Portfolio Manager (since 08/25) |
| **Sub-Sub-Adviser** |  |
| Voya Investment Management (UK) Limited |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 |  |

---

![](gvk2x1dnu0weqb4lk4e7s.jpg)

**Portfolio Manager**

Sanne V. de Boer, Ph.D., CFA

Portfolio Manager (since 08/25)

**Sub-Adviser**

Wellington Management Company LLP

**Portfolio Manager**

Tara Connolly Stilwell, CFA

Portfolio Manager (since 01/17)

**SMID Fund and Small Company Fund**

7. The table in the sub-section of the Prospectus entitled "Management of the Funds – Portfolio Management" is amended to: (1) include information for Mr. de Boer; and (2) include SMID Fund and Small Company Fund in the line item for Ms. Wong:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Portfolio**<br>&nbsp;&nbsp;**Manager**<br>| &nbsp;&nbsp;**Investment**<br>&nbsp;&nbsp;**Adviser or**<br>&nbsp;&nbsp;**Sub-**<br>&nbsp;&nbsp;**Adviser** | &nbsp;&nbsp;**Fund**<br>| &nbsp;&nbsp;**Recent Professional Experience**<br>|
| &nbsp;&nbsp;Sanne V. de Boer, | &nbsp;&nbsp;&nbsp;&nbsp;Voya UK | &nbsp;&nbsp;Voya MI Dynamic SMID Cap | &nbsp;&nbsp;Mr. de Boer, Portfolio Manager, |
| &nbsp;&nbsp;Ph.D., CFA |  | &nbsp;&nbsp;Fund | &nbsp;&nbsp;managing director and head of systematic |
|  |  | &nbsp;&nbsp;Voya Small Company Fund | &nbsp;&nbsp;equities at Voya UK, joined Voya UK in |
|  |  |  | &nbsp;&nbsp;2019 and is responsible for overseeing |
|  |  |  | &nbsp;&nbsp;the firm's quantitative equity research |
|  |  |  | &nbsp;&nbsp;agenda. Previously at Voya IM (2019- |
|  |  |  | &nbsp;&nbsp;2023), he was director of quantitative |
|  |  |  | &nbsp;&nbsp;equity. Prior to joining Voya IM, he was |
|  |  |  | &nbsp;&nbsp;a senior research analyst for quantitative |
|  |  |  | &nbsp;&nbsp;strategies for Invesco (2017-2019). Prior |
|  |  |  | &nbsp;&nbsp;to that, he was a research analyst for |
|  |  |  | &nbsp;&nbsp;global quantitative equities at QS and |
|  |  |  | &nbsp;&nbsp;before that he was with ING Investment |
|  |  |  | &nbsp;&nbsp;Management, Voya's predecessor firm. |
| &nbsp;&nbsp;Kai Yee Wong | &nbsp;&nbsp;&nbsp;&nbsp;Voya IM | &nbsp;&nbsp;Voya Corporate Leaders® 100 | &nbsp;&nbsp;Ms. Wong, Portfolio Manager, joined |
|  |  | &nbsp;&nbsp;Fund | &nbsp;&nbsp;Voya IM in 2012 and is responsible for |
|  |  | &nbsp;&nbsp;Voya Multi-Manager Mid Cap | &nbsp;&nbsp;the portfolio management of the index, |
|  |  | &nbsp;&nbsp;Value Fund | &nbsp;&nbsp;active quantitative, and smart beta |
|  |  | &nbsp;&nbsp;Voya Small Company Fund | &nbsp;&nbsp;strategies. Prior to that, she worked as a |
|  |  |  | &nbsp;&nbsp;senior equity portfolio manager at |
|  |  |  | &nbsp;&nbsp;Northern Trust (2003-2009) where she |
|  |  |  | &nbsp;&nbsp;was responsible for managing various |
|  |  |  | &nbsp;&nbsp;global indices, including developed, |
|  |  |  | &nbsp;&nbsp;emerging, real estate, Topix, and socially |
|  |  |  | &nbsp;&nbsp;responsible benchmarks. |

---

**Multi-Manager Fund**

8. The table in the sub-section of the Prospectus entitled "Management of the Funds – Portfolio

Management" is amended to: (1) include information for Mr. de Boer; and (2) include Multi-Manager Fund in line item for Ms. Wong:

![](gw5ecx8a3nq6cw2ntbzrj.jpg)

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Portfolio**<br>&nbsp;&nbsp;**Manager**<br>| &nbsp;&nbsp;**Investment**<br>&nbsp;&nbsp;**Adviser or**<br>&nbsp;&nbsp;**Sub-**<br>&nbsp;&nbsp;**Adviser** | &nbsp;&nbsp;**Fund**<br>| &nbsp;&nbsp;**Professional Experience**<br>|
| &nbsp;&nbsp;Sanne V. de Boer, | &nbsp;&nbsp;&nbsp;Voya UK | &nbsp;&nbsp;Voya Multi-Manager | &nbsp;&nbsp;Mr. de Boer, Portfolio Manager, |
| &nbsp;&nbsp;Ph.D., CFA |  | &nbsp;&nbsp;International Equity Fund | &nbsp;&nbsp;managing director and head of systematic |
|  |  |  | &nbsp;&nbsp;equities at Voya UK, joined Voya UK in |
|  |  |  | &nbsp;&nbsp;2019 and is responsible for overseeing |
|  |  |  | &nbsp;&nbsp;the firm's quantitative equity research |
|  |  |  | &nbsp;&nbsp;agenda. Previously at Voya IM (2019- |
|  |  |  | &nbsp;&nbsp;2023), he was director of quantitative |
|  |  |  | &nbsp;&nbsp;equity. Prior to joining Voya IM, he was |
|  |  |  | &nbsp;&nbsp;a senior research analyst for quantitative |
|  |  |  | &nbsp;&nbsp;strategies for Invesco (2017-2019). Prior |
|  |  |  | &nbsp;&nbsp;to that, he was a research analyst for |
|  |  |  | &nbsp;&nbsp;global quantitative equities at QS and |
|  |  |  | &nbsp;&nbsp;before that he was with ING Investment |
|  |  |  | &nbsp;&nbsp;Management, Voya's predecessor firm. |
| &nbsp;&nbsp;Kai Yee Wong | &nbsp;&nbsp;&nbsp;&nbsp;Voya IM | &nbsp;&nbsp;Voya Global High Dividend Low | &nbsp;&nbsp;Ms. Wong, Portfolio Manager, joined |
|  |  | &nbsp;&nbsp;Volatility Fund | &nbsp;&nbsp;Voya IM in 2012 and is responsible for |
|  |  | &nbsp;&nbsp;Voya Multi-Manager Emerging | &nbsp;&nbsp;the portfolio management of the index, |
|  |  | &nbsp;&nbsp;Markets Equity Fund | &nbsp;&nbsp;active quantitative, and smart beta |
|  |  | &nbsp;&nbsp;Voya Multi-Manager | &nbsp;&nbsp;strategies. Prior to that, she worked as a |
|  |  | &nbsp;&nbsp;International Equity Fund | &nbsp;&nbsp;senior equity portfolio manager at |
|  |  |  | &nbsp;&nbsp;Northern Trust (2003-2009) where she |
|  |  |  | &nbsp;&nbsp;was responsible for managing various |
|  |  |  | &nbsp;&nbsp;global indices, including developed, |
|  |  |  | &nbsp;&nbsp;emerging, real estate, Topix, and socially |
|  |  |  | &nbsp;&nbsp;responsible benchmarks. |

---

**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE**

------

**VOYA EQUITY TRUST**

Voya Large Cap Value Fund

Voya MI Dynamic SMID Cap Fund

Voya Small Company Fund

**VOYA MUTUAL FUNDS**

Voya Multi-Manager International Equity Fund (each a "Fund" and collectively, the "Funds")

Supplement dated August 15, 2025

to the Funds' current

Statements of Additional Information, as supplemented

(each an "SAI" and together, the "SAIs")

Effective August 31, 2025: (1) Gareth Shepherd, Ph.D., CFA will no longer serve as a portfolio manager for Voya MI Dynamic SMID Cap Fund ("SMID Fund"), Voya Small Company Fund ("Small Company Fund") and Voya Multi-Manager International Equity Fund ("Multi-Manager Fund"); (2) Vincent Costa, CFA will no longer serve as a portfolio manager for the Funds; and (3) Sanne V. de Boer, Ph.D., CFA and Kai Yee Wong will be added as portfolio managers for SMID Fund, Small Company Fund and Multi- Manager Fund.

Effective August 31, 2025, the SAIs are revised as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.All references to Gareth Shepherd, Ph.D., CFA as a portfolio manager for SMID Fund, Small Company Fund and Multi-Manager Fund are hereby deleted in their entirety.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.All references to Vincent Costa, CFA as a portfolio manager for the Funds are hereby deleted in their entirety.

**SMID Fund and Small Company Fund**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.The table in the sub-section of the SAI entitled "Portfolio Management – Other Accounts Managed – Voya IM" is amended to: (1) include information for Mr. de Boer; and (2) replace the line item with respect to Ms. Wong in its entirety:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Registered Investment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Registered Investment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other Pooled** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other Pooled** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other Accounts** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other Accounts** |
| | | **Companies** | **Companies** | **Investment Vehicles** | **Investment Vehicles** |  |  |
| <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Portfolio**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Manager** | <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fund(s)** | **Number**<br>**of**<br>**Accounts** | &nbsp;&nbsp;&nbsp;&nbsp; **Total Assets**<br>| **Number**<br>**of**<br>**Accounts** | **Total**<br>**Assets**<br>| **Number**<br>**of**<br>**Accounts** | &nbsp;&nbsp; **Total Assets**<br>|
| &nbsp;&nbsp; Sanne V. de | &nbsp;&nbsp; Voya MI Dynamic | 0 | $0 | 0 | $0 | 0 | $0 |
| &nbsp;&nbsp; Boer, Ph.D., | &nbsp;&nbsp; SMID Cap Fund |  |  |  |  |  |  |
| &nbsp;&nbsp; CFA<sup>4</sup> | &nbsp;&nbsp; Voya Small |  |  |  |  |  |  |
|  | &nbsp;&nbsp; Company Fund |  |  |  |  |  |  |
| &nbsp;&nbsp; Kai Yee | &nbsp;&nbsp; Voya Corporate | 30 | $23754770136 | 0 | $0 | 3 | $468370197 |
| &nbsp;&nbsp; Wong<sup>4</sup> | &nbsp;&nbsp; Leaders® 100 Fund |  |  |  |  |  |  |
|  | &nbsp;&nbsp; Voya Multi-Manager |  |  |  |  |  |  |
|  | &nbsp;&nbsp; Mid Cap Value Fund |  |  |  |  |  |  |
|  | &nbsp;&nbsp; Voya Small |  |  |  |  |  |  |
|  | &nbsp;&nbsp; Company Fund |  |  |  |  |  |  |

---

4As of June 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

![](ge2voolxvy272ofl77n9j.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.The line items with respect to SMID Fund and Small Company Fund in the table in the sub-section of the SAI entitled "Portfolio Management – Compensation – Voya IM and Voya Investments" are deleted in their entirety and replaced with the following:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Portfolio Manager** |
| &nbsp;&nbsp; Voya MI Dynamic SMID Cap | &nbsp;&nbsp; Sanne V. de Boer, Ph.D., CFA;<br> &nbsp;&nbsp; Russell 2500<sup>TM</sup> Index |
| &nbsp;&nbsp; Fund | &nbsp;&nbsp; Russell Shtern, CFA; and Kai Yee |
|  | &nbsp;&nbsp; Wong |
| &nbsp;&nbsp; Voya Small Company Fund | &nbsp;&nbsp; Sanne V. de Boer, Ph.D., CFA;<br> &nbsp;&nbsp; Russell 2000<sup>®</sup> Index |
|  | &nbsp;&nbsp; Russell Shtern, CFA; and Kai Yee |
|  | &nbsp;&nbsp; Wong |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.The table in the sub-section of the SAI entitled "Portfolio Management – Ownership of Securities" is amended to: (1) include information for Mr. de Boer; and (2) replace the line item with respect to Ms. Wong in its entirety:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Portfolio**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Manager** | &nbsp;&nbsp;&nbsp;&nbsp; **Investment Adviser or**<br>**Sub-Adviser** | &nbsp;&nbsp; **Fund(s) Managed by the**<br>**Portfolio Manager** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Dollar Range of Fund**<br>**Shares Owned** |
| &nbsp;&nbsp; Sanne V. de Boer, | Voya IM | Voya MI Dynamic SMID |  |
| &nbsp;&nbsp; Ph.D., CFA<sup>14, 15</sup> |  | Cap Fund |  |
|  |  | Voya Small Company |  |
|  |  | Fund |  |
| &nbsp;&nbsp; Kai Yee Wong<sup>11</sup> | Voya IM | Voya Corporate | $10001-$50000 |
|  |  | Leaders® 100 Fund |  |
|  |  | Voya Multi-Manager Mid |  |
|  |  | Cap |  |
|  |  | Value Fund |  |
|  |  | Voya Small Company Fund <sup>14, 16</sup> |  |

---

14As of June 30, 2025.

15In addition to the investments shown in this table, Mr. de. Boer has allocated a dollar range of $1-$10,000 in Fund shares to an investment option that tracks the performance of Voya Small Company Fund.

16In addition to the investments shown in this table, Ms. Wong has allocated a dollar range of $1-$10,000 in Fund shares to an investment option that tracks the performance of Voya Small Company Fund.

**Multi-Manager Fund**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.The table in the sub-section of the SAI entitled "Portfolio Management – Other Accounts Managed – Voya IM" is amended to: (1) include information for Mr. de Boer; and (2) replace the line item with respect to Ms. Wong in its entirety:

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Registered Investment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Registered Investment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other Pooled** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other Pooled** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other Accounts** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other Accounts** |
| | | **Companies** | **Companies** | **Investment Vehicles** | **Investment Vehicles** |  |  |
| <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Portfolio**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Manager** | <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fund(s)** | **Number**<br>**of**<br>**Accounts** | &nbsp;&nbsp;&nbsp;&nbsp; **Total Assets**<br>| **Number**<br>**of**<br>**Accounts** | **Total**<br>**Assets**<br>| **Number**<br>**of**<br>**Accounts** | &nbsp;&nbsp; **Total Assets**<br>|
| &nbsp;&nbsp; Sanne V. de | &nbsp;&nbsp; Voya Multi-Manager | 0 | $0 | 0 | $0 | 0 | $0 |
| &nbsp;&nbsp; Boer, Ph.D., | &nbsp;&nbsp; International Equity |  |  |  |  |  |  |
| &nbsp;&nbsp; CFA<sup>2</sup> | &nbsp;&nbsp; Fund |  |  |  |  |  |  |
| &nbsp;&nbsp; Kai Yee | &nbsp;&nbsp; Voya Global High | 30 | $23754770136 | 0 | $0 | 3 | $468370197 |
| &nbsp;&nbsp; Wong<sup>2</sup> | &nbsp;&nbsp; Dividend Low |  |  |  |  |  |  |
|  | &nbsp;&nbsp; Volatility Fund |  |  |  |  |  |  |

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![](gf2ldw5jmvqo1z2if5mba.jpg)

Voya Multi-Manager

Emerging Markets

Equity Fund

Voya Multi-Manager

International Equity

Fund

2 As of June 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. The line item with respect Multi-Manager Fund in the table in the sub-section of the SAI entitled "Portfolio Management – Compensation – Voya IM and Voya Investments" is deleted in its entirety and replaced with the following:

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Portfolio Manager** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Benchmark** |
| &nbsp;&nbsp; Voya Multi-Manager | &nbsp;&nbsp; Sanne V. de Boer, Ph.D., CFA; | &nbsp;&nbsp; MSCI ACWI ex USA Index<sup>SM</sup> |
| &nbsp;&nbsp; International Equity Fund | &nbsp;&nbsp; Russell Shtern, CFA; and Kai Yee |  |
|  | &nbsp;&nbsp; Wong |  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. The table in the sub-section of the SAI entitled "Portfolio Management – Ownership of Securities" is amended to: (1) include information for Mr. de Boer; and (2) replace the line item with respect to Ms. Wong in its entirety:

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Portfolio**<br>**Manager** | **Investment Adviser or**<br>**Sub-Adviser** | &nbsp;&nbsp; **Fund(s) Managed by the**<br>**Portfolio Manager** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Dollar Range of Fund**<br>**Shares Owned** |
| Sanne V. de Boer, | Voya UK | Voya Multi-Manager |  |
| &nbsp;&nbsp; Ph.D., CFA<sup>4</sup> |  | International Equity Fund |  |
| &nbsp;&nbsp; Kai Yee Wong | Voya IM | Voya Global High |  |
|  |  | Dividend Low |  |
|  |  | Volatility Fund |  |
|  |  | Voya Multi-Manager |  |
|  |  | Emerging |  |
|  |  | Markets Equity Fund |  |
|  |  | Voya Multi-Manager |  |
|  |  | International Equity Fund <sup>4</sup> |  |
| 4 As of June 30, 2025. |  |  |  |

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**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE**

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