# EDGAR Filing Document

**Accession Number:** 0001063946
**File Stem:** 0001193125-25-266651
**Filing Date:** 2025-11
**Character Count:** 19637
**Document Hash:** 5e604b05b97dc885a00e54cad491472e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-266651.hdr.sgml**: 20251105

**ACCESSION NUMBER**: 0001193125-25-266651

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20251105

**DATE AS OF CHANGE**: 20251105

**EFFECTIVENESS DATE**: 20251105

**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:** 251453428

**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:** 251453429

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

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

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

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

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

## Series and Classes Contracts Data

### Voya Global High Dividend Low Volatility Fund (Series ID: S000008527)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | NAWGX         | C000023406 |
| Class C    | NAWCX         | C000023408 |
| Class I    | NAWIX         | C000023409 |
| Class W    | IGVWX         | C000079029 |
| Class R6   | VGHRX         | C000218334 |

---

### Voya Corporate Leaders(R) 100 Fund (Series ID: S000066935)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class C    | VYCBX         | C000215373 |
| Class I    | VYCCX         | C000215374 |
| Class A    | VYCAX         | C000215377 |
| Class R6   | VYCGX         | C000215378 |
| Class W    | VYCIX         | C000215380 |
| Class R    | VYCFX         | C000215381 |

---

## Series and Classes Contracts Data

### Voya Global High Dividend Low Volatility Fund (Series ID: S000008527)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000023406 | Class A      | NAWGX           |
| C000023408 | Class C      | NAWCX           |
| C000023409 | Class I      | NAWIX           |
| C000079029 | Class W      | IGVWX           |
| C000218334 | Class R6     | VGHRX           |

### Voya Corporate Leaders(R) 100 Fund (Series ID: S000066935)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000215373 | Class C      | VYCBX           |
| C000215374 | Class I      | VYCCX           |
| C000215377 | Class A      | VYCAX           |
| C000215378 | Class R6     | VYCGX           |
| C000215380 | Class W      | VYCIX           |
| C000215381 | Class R      | VYCFX           |

**VOYA EQUITY TRUST**

Voya Corporate Leaders<sup>®</sup> 100 Fund

**VOYA MUTUAL FUNDS**

Voya Global High Dividend Low Volatility Fund

(each a "Fund" and together, the "Funds")

Supplement dated November 5, 2025 to the

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Funds' current Prospectuses

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

Effective October 31, 2025: (1) Justin Montminy, CFA was removed as a portfolio manager for the Funds;

(2)Mark Buccigross was added as a portfolio manager for Voya Corporate Leaders<sup>®</sup> 100 Fund; and (3) Steve Gao, PhD, CFA, FRM and Russell Shtern, CFA were added as portfolio managers for Voya Global High Dividend Low Volatility Fund.

I.Effective October 31, 2025, all references to Justin Montminy, CFA as a portfolio manager for the Funds are removed from the Prospectuses.

II.Effective October 31, 2025, the Prospectuses are revised as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.The sub-section of the Prospectus entitled "Portfolio Management – Voya Investment Management Co. LLC – Portfolio Managers" in Voya Corporate Leaders<sup>®</sup> 100 Fund's Summary Section is deleted in its entirety and replaced with the following:

---

| | |
|:---|:---|
| **Portfolio Managers** |  |
| Mark Buccigross | Kai Yee Wong |
| Portfolio Manager (since 10/25) | Portfolio Manager (since 11/19) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.The sub-section of the Prospectus entitled "Portfolio Management – Voya Investment Management Co. LLC – Portfolio Managers" in Voya Global High Dividend Low Volatility Fund's Summary Section is deleted in its entirety and replaced with the following:

---

| | |
|:---|:---|
| **Portfolio Managers** |  |
| Steve Gao, PhD, CFA, FRM | Russell Shtern, CFA |
| Portfolio Manager (since 10/25) | Portfolio Manager (since 10/25) |
| Kai Yee Wong |  |
| Portfolio Manager (since 11/19) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.The table in the sub-section of the Voya Corporate Leaders<sup>®</sup> 100 Fund's Prospectus entitled "Management of the Funds – Portfolio Management" is amended to include the following:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Portfolio Manager**<br>| &nbsp;&nbsp; **Investment Adviser**<br>&nbsp;&nbsp; **or Sub-Adviser** | &nbsp;&nbsp; **Fund**<br>| &nbsp;&nbsp; **Recent Professional**<br>&nbsp;&nbsp; **Experience** |
| &nbsp;&nbsp; Mark Buccigross | &nbsp;&nbsp; Voya IM | &nbsp;&nbsp; Voya Corporate | &nbsp;&nbsp; Mr. Buccigross, Portfolio |
|  |  | &nbsp;&nbsp; Leaders<sup>®</sup> 100 Fund | &nbsp;&nbsp; Manager, is on the quantitative |
|  |  |  | &nbsp;&nbsp; equity team at Voya IM. Prior to |
|  |  |  | &nbsp;&nbsp; joining Voya IM, he worked as |
|  |  |  | &nbsp;&nbsp; an equity trader at State Street |
|  |  | 1 |  |

---

![](gfjjtp04o6wypimxil9kw.jpg)

Global Advisors, where he was responsible for supporting U.S., Canada, and emerging market portfolio managers across fundamental active, active quantitative, and passive strategies. Prior to that, Mr. Buccigross held a similar position at GE Asset Management.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.The table in the sub-section of the Voya Global High Dividend Low Volatility Fund's Prospectus entitled "Management of the Funds – Portfolio Management" is amended to include the following:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Portfolio Manager**<br>| &nbsp;&nbsp; **Investment Adviser**<br>&nbsp;&nbsp; **or Sub-Adviser** | &nbsp;&nbsp; **Fund**<br>| &nbsp;&nbsp; **Recent Professional**<br>&nbsp;&nbsp; **Experience** |
| &nbsp;&nbsp; Steve Gao, PhD, | &nbsp;&nbsp; Voya IM | &nbsp;&nbsp; Voya Global High | &nbsp;&nbsp; Mr. Gao, Portfolio Manager, |
| &nbsp;&nbsp; CFA, FRM |  | &nbsp;&nbsp; Dividend Low | &nbsp;&nbsp; vice president and quantitative |
|  |  | &nbsp;&nbsp; Volatility Fund | &nbsp;&nbsp; analyst on the quantitative equity |
|  |  |  | &nbsp;&nbsp; team at Voya Investment |
|  |  |  | &nbsp;&nbsp; Management. Prior to joining |
|  |  |  | &nbsp;&nbsp; Voya, Mr. Gao was a research |
|  |  |  | &nbsp;&nbsp; analyst on the US equity strategy |
|  |  |  | &nbsp;&nbsp; team at Barclays, with a focus on |
|  |  |  | &nbsp;&nbsp; quantitative analysis of US |
|  |  |  | &nbsp;&nbsp; equities. Prior to that, Mr. Gao |
|  |  |  | &nbsp;&nbsp; worked at Macquarie as a |
|  |  |  | &nbsp;&nbsp; quantitative equity researcher. |
|  |  |  | &nbsp;&nbsp; While at Macquarie, Mr. Gao |
|  |  |  | &nbsp;&nbsp; conducted in-depth, factor- |
|  |  |  | &nbsp;&nbsp; related research for asset |
|  |  |  | &nbsp;&nbsp; managers. |
| &nbsp;&nbsp; Russell Shtern, CFA | &nbsp;&nbsp; Voya IM | &nbsp;&nbsp; Voya Global High | &nbsp;&nbsp; Mr. Shtern, Portfolio Manager, |
|  |  | &nbsp;&nbsp; Dividend Low | &nbsp;&nbsp; joined Voya IM in 2022. Prior to |
|  |  | &nbsp;&nbsp; Volatility Fund | &nbsp;&nbsp; joining Voya IM, he served as a |
|  |  | &nbsp;&nbsp; Voya Multi- | &nbsp;&nbsp; senior portfolio manager at |
|  |  | &nbsp;&nbsp; Manager | &nbsp;&nbsp; Franklin Templeton's |
|  |  | &nbsp;&nbsp; International Equity | &nbsp;&nbsp; Investment Solutions group |
|  |  | &nbsp;&nbsp; Fund | &nbsp;&nbsp; (2020-2022) where he was |
|  |  |  | &nbsp;&nbsp; responsible for managing smart |
|  |  |  | &nbsp;&nbsp; beta and active multi-factor |
|  |  |  | &nbsp;&nbsp; equity strategies. Prior to that, |
|  |  |  | &nbsp;&nbsp; Mr. Shtern was head of equity |
|  |  |  | &nbsp;&nbsp; portfolio management and |
|  |  |  | &nbsp;&nbsp; trading and a member of the |
|  |  |  | &nbsp;&nbsp; global equity management team |
|  |  |  | &nbsp;&nbsp; for QS Investors (a Legg Mason |
|  |  |  | &nbsp;&nbsp; affiliate), a quantitative multi- |
|  |  |  | &nbsp;&nbsp; asset and equity manager (2014- |
|  |  |  | &nbsp;&nbsp; 2020). |
|  |  | 2 |  |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Kai Yee Wong | &nbsp;&nbsp; Voya IM | &nbsp;&nbsp; Voya Global High | &nbsp;&nbsp; Ms. Wong, Portfolio Manager, |
|  |  | &nbsp;&nbsp; Dividend Low | &nbsp;&nbsp; joined Voya IM in 2012 and is |
|  |  | &nbsp;&nbsp; Volatility Fund | &nbsp;&nbsp; responsible for the portfolio |
|  |  | &nbsp;&nbsp; Voya Multi- | &nbsp;&nbsp; management of the index, |
|  |  | &nbsp;&nbsp; Manager Emerging | &nbsp;&nbsp; research enhanced index, and |
|  |  | &nbsp;&nbsp; Markets Equity | &nbsp;&nbsp; smart beta strategies. Prior to |
|  |  | &nbsp;&nbsp; Fund | &nbsp;&nbsp; that, she worked as a senior |
|  |  |  | &nbsp;&nbsp; equity portfolio manager at |
|  |  |  | &nbsp;&nbsp; Northern Trust (2003-2009) |
|  |  |  | &nbsp;&nbsp; where she was responsible for |
|  |  |  | &nbsp;&nbsp; managing various global indices, |
|  |  |  | &nbsp;&nbsp; including developed, emerging, |
|  |  |  | &nbsp;&nbsp; real estate, Topix, and socially |
|  |  |  | &nbsp;&nbsp; responsible benchmarks. |

---

**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE**

------

**VOYA EQUITY TRUST**

Voya Corporate Leaders<sup>®</sup> 100 Fund

**VOYA MUTUAL FUNDS**

Voya Global High Dividend Low Volatility Fund

(each a "Fund" and together, the "Funds")

Supplement dated November 5, 2025

to the Funds' current Statements of Additional Information

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

Effective October 31, 2025: (1) Justin Montminy, CFA was removed as a portfolio manager for the Funds; (2) Mark Buccigross is added as a portfolio manager for Voya Corporate Leaders<sup>®</sup> 100 Fund; and (3) Steve Gao, PhD, CFA, FRM and Russell Shtern, CFA were added as portfolio managers for Voya Global High Dividend Low Volatility Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I.Effective October 31, 2025, all references to Justin Montminy, CFA as a portfolio manager for the Funds are removed from the Prospectuses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;II.Effective October 31, 2025, the Prospectuses are revised as follows:

**Voya Corporate Leaders<sup>®</sup> 100 Fund**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.The table in the sub-section of the SAI entitled "Portfolio Management – Other Accounts Managed – Voya IM" is amended to include the following:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Registered Investment** | **Registered Investment** | **Other Pooled Investment** | **Other Pooled Investment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other Accounts** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other Accounts** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Portfolio** | | **Companies** | **Companies** | **Vehicles** | **Vehicles** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; **Portfolio** | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; **Manager** | <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fund(s)** | **Number of**<br>**Accounts** | **Total Assets**<br>| **Number of**<br>**Accounts** | **Total Assets**<br>| **Number of**<br>**Accounts** | **Total Assets**<br>|
| &nbsp;&nbsp; Mark | &nbsp;&nbsp; Voya | 18 | $18788717994 | 0 | $0 | 0 | $0 |
| &nbsp;&nbsp; Buccigross<sup>3</sup> | &nbsp;&nbsp; Corporate |  |  |  |  |  |  |
|  | &nbsp;&nbsp; Leaders 100<sup>®</sup> |  |  |  |  |  |  |
|  | &nbsp;&nbsp; Fund |  |  |  |  |  |  |
|  | &nbsp;&nbsp; Voya Multi- |  |  |  |  |  |  |
|  | &nbsp;&nbsp; Manager Mid |  |  |  |  |  |  |
|  | &nbsp;&nbsp; Cap |  |  |  |  |  |  |
|  | &nbsp;&nbsp; Value Fund |  |  |  |  |  |  |

---

3 As of August 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.The line item with respect to the 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:

---

| | |
|:---|:---|
| &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; **Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Portfolio Manager** |
| &nbsp;&nbsp; Voya Corporate Leaders<sup>®</sup> 100 Fund | &nbsp;&nbsp; Mark Buccigross and Kai Yee<br> &nbsp;&nbsp; S&P 500<sup>®</sup> Index |
|  | &nbsp;&nbsp; Wong |
|  | 1 |

---

&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;3.The table in the sub-section of the SAI entitled "Portfolio Management – Ownership of Securities" is amended to include the following:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Portfolio Manager**<br>| **Investment Adviser or**<br>**Sub-Adviser** | **Fund(s) Managed by**<br>**the Portfolio Manager** | **Dollar Range of Fund**<br>**Shares Owned** |
| &nbsp;&nbsp; Mark Buccigross<sup>15</sup> | Voya IM | Voya Corporate |  |
|  |  | Leaders 100<sup>®</sup> Fund |  |
|  |  | Voya Multi-Manager |  |
|  |  | Mid Cap Value Fund |  |

---

15As of August 31, 2025. In addition to the investments shown in this table, Mr. Buccigross has allocated a dollar range of $1-$10,000 in Fund shares to an investment option that tracks the performance of Voya Corporate Leaders<sup>®</sup> 100 Fund.

**Voya Global High Dividend Low Volatility Fund**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.The table in the sub-section of the SAI entitled "Portfolio Management – Other Accounts Managed – Voya IM" is amended to include the following:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Registered Investment** | **Registered Investment** | **Other Pooled Investment** | **Other Pooled Investment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other Accounts** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other Accounts** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Portfolio** | | **Companies** | **Companies** | **Vehicles** | **Vehicles** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; **Portfolio** | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; **Manager** | <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fund(s)** | **Number of**<br>**Accounts** | &nbsp;&nbsp;&nbsp;&nbsp; **Total Assets**<br>| **Number of**<br>**Accounts** | &nbsp;&nbsp; **Total Assets**<br>| **Number of**<br>**Accounts** | &nbsp;&nbsp;&nbsp; **Total Assets**<br>|
| &nbsp;&nbsp; Steve Gao, | &nbsp;&nbsp; Voya Global | 0 | $0 | 0 | $0 | 0 | $0 |
| &nbsp;&nbsp; PhD, CFA, | &nbsp;&nbsp; High Dividend |  |  |  |  |  |  |
| &nbsp;&nbsp; FRM<sup>2</sup> | &nbsp;&nbsp; Low Volatility |  |  |  |  |  |  |
|  | &nbsp;&nbsp; Fund |  |  |  |  |  |  |
| &nbsp;&nbsp; Russell | &nbsp;&nbsp; Voya Global | 2 | $381820027 | 1 | $1533 | 8 | $7873332 |
| &nbsp;&nbsp; Shtern, | &nbsp;&nbsp; High Dividend |  |  |  |  |  |  |
| &nbsp;&nbsp; CFA<sup>2</sup> | &nbsp;&nbsp; Low Volatility |  |  |  |  |  |  |
|  | &nbsp;&nbsp; Fund |  |  |  |  |  |  |
|  | &nbsp;&nbsp; Voya Multi- |  |  |  |  |  |  |
|  | &nbsp;&nbsp; Manager |  |  |  |  |  |  |
|  | &nbsp;&nbsp; International |  |  |  |  |  |  |
|  | &nbsp;&nbsp; Equity Fund |  |  |  |  |  |  |

---

2 As of August 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The line item with respect to the 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:

---

| | | |
|:---|:---|:---|
| &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; **Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Portfolio Manager** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Benchmark** |
| &nbsp;&nbsp; Voya Global High Dividend Low | &nbsp;&nbsp; Steve Gao, PhD, CFA, FRM, | &nbsp;&nbsp; MSCI All Country World |
| &nbsp;&nbsp; Volatility Fund | &nbsp;&nbsp; Russell Shtern, CFA and Kai | &nbsp;&nbsp; Index<sup>SM</sup> |
|  | &nbsp;&nbsp; Yee Wong |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The table in the sub-section of the SAI entitled "Portfolio Management – Ownership of Securities" is amended to include the following:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Portfolio Manager**<br>| **Investment Adviser or**<br>**Sub-Adviser** | &nbsp;&nbsp;&nbsp; **Fund(s) Managed by**<br>&nbsp;&nbsp; **the Portfolio Manager** | **Dollar Range of Fund**<br>**Shares Owned** |
| &nbsp;&nbsp; Steve Gao, PhD, CFA, | Voya IM | &nbsp;&nbsp; Voya Global High |  |
| &nbsp;&nbsp; FRM<sup>4</sup> |  | &nbsp;&nbsp; Dividend Low Volatility |  |
|  |  | &nbsp;&nbsp; Fund |  |
| &nbsp;&nbsp; Russell Shtern, CFA<sup>4,5</sup> | Voya IM | &nbsp;&nbsp; Voya Global High | $1 - $10000 |
|  |  | &nbsp;&nbsp; Dividend Low Volatility |  |
|  |  | &nbsp;&nbsp; Fund |  |
|  |  | &nbsp;&nbsp; Voya Multi-Manager |  |
|  |  | &nbsp;&nbsp; Emerging Markets Equity |  |
|  |  | &nbsp;&nbsp; Fund |  |

---

4As of August 31, 2025.

5In addition to the investments shown in this table, Mr. Shtern has allocated a dollar range of $10,001 - $50,000 in Fund shares to an investment option that tracks the performance of Voya Global High Dividend Low Volatility Fund.

**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE**

------