As filed with the U.S. Securities and Exchange Commission on July 26, 2024
Securities Act File No. 333-280487
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-14
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Pre-Effective Amendment No. 1
Post-Effective Amendment No.
VOYA EQUITY TRUST
(Exact Name of Registrant as Specified in Charter)
7337 East Doubletree Ranch Road, Scottsdale, Suite 100
Scottsdale, Arizona 85258-2034
(Address of Principal Executive Offices) (Zip Code)
1-800-992-0180
(Registrant’s Area Code and Telephone Number)
Joanne F. Osberg, Esq.
Voya Investments, LLC
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258-2034
(Name and Address of Agent for Service)
With copies to:
Elizabeth J. Reza, Esq.
Ropes & Gray LLP
Prudential Tower
800 Boylston Street
Boston, Massachusetts 02199-3600
APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING:
As soon as practicable after this Registration Statement becomes effective.
The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter be effective in accordance with Section 8(a) of the Securities Act of 1933 or until this Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to Section 8(a), may determine.
No filing fee is required because an indefinite number of shares have previously been registered pursuant to Rule 24f-2 under the
Investment Company Act of 1940, as amended.
Title of Securities Being Registered: Class A, Class C, Class I, Class R6, and Class W shares of beneficial interest in the series of the
Registrant designated as Voya Global Income & Growth Fund.
VOYA GLOBAL PERSPECTIVES® FUND
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, AZ 85258-2034
1-800-992-0180
President
VOYA GLOBAL PERSPECTIVES® FUND
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, AZ 85258-2034
1-800-992-0180
July 26, 2024
of Voya Global Diversified Payment Fund and Voya Global Perspectives® Fund
Scheduled for October 10, 2024 at 1:00 p.m. (MST)
ACQUISITION OF THE ASSETS OF: | BY AND IN EXCHANGE FOR SHARES OF: |
Voya Global Diversified Payment Fund (A series of Voya Mutual Funds) | Voya Global Income & Growth Fund (A series of Voya Equity Trust) |
Voya Global Perspectives® Fund (A series of Voya Mutual Funds) | Voya Global Income & Growth Fund (A series of Voya Equity Trust) |
7337 East Doubletree Ranch Road, Suite 100 Scottsdale, AZ 85258-2034 | 7337 East Doubletree Ranch Road, Suite 100 Scottsdale, AZ 85258-2034 |
1-800-992-0180 | 1-800-992-0180 |
for the Combined Special Meeting of Shareholders to be Held on October 10, 2024
By Phone: | 1-800-992-0180 |
By Mail: | Voya Investment Management 7337 East Doubletree Ranch Road, Suite 100 Scottsdale, AZ 85258-2034 |
By Internet: | https://individuals.voya.com/literature |
GDP Fund | Global Perspectives Fund | Global Income & Growth Fund | |
Investment Objective | The Fund's primary investment objective is to meet the managed payment policy of the Fund while seeking to preserve the investors' capital over the long term. The Fund's secondary investment objective is to seek the potential for long-term capital appreciation. | The Fund seeks total return. | The Fund seeks to provide total return consisting of capital growth, both realized and unrealized, and current income. |
Fees paid directly from your investment
Class | Maximum sales charge (load) as a % of offering price imposed on purchases | Maximum deferred sales charge (load) as a % of purchase or sales price, whichever is less |
A | 5.75 | None1 |
C | None | 1.00 |
I | None | None |
Class | Maximum sales charge (load) as a % of offering price imposed on purchases | Maximum deferred sales charge (load) as a % of purchase or sales price, whichever is less |
R | None | None |
R6 | None | None |
W | None | None |
Annual Fund Operating Expenses Expenses you pay each year as a % of the value of your investment |
GDP Fund | Global Perspectives Fund | Global Income & Growth Fund1 | ||
Class A | ||||
Management Fees | % | 0.24 | 0.22 | 0.75 |
Distribution and/or Shareholder Services (12b-1) Fees | % | 0.25 | 0.25 | 0.25 |
Other Expenses | % | 0.13 | 0.25 | 0.35 |
Acquired Fund Fees and Expenses | 0.51 | 0.66 | None | |
Total Annual Fund Operating Expenses | % | 1.132 | 1.382 | 1.352 |
Waivers and Reimbursements | % | None3 | (0.15)4 | (0.25)5 |
Total Annual Fund Operating Expenses after Waivers and Reimbursements | % | 1.13 | 1.23 | 1.10 |
Class C | ||||
Management Fees | % | 0.24 | 0.22 | 0.75 |
Distribution and/or Shareholder Services (12b-1) Fees | % | 1.00 | 1.00 | 1.00 |
Other Expenses | % | 0.13 | 0.25 | 0.35 |
Acquired Fund Fees and Expenses | 0.51 | 0.66 | None | |
Total Annual Fund Operating Expenses | % | 1.882 | 2.132 | 2.102 |
Waivers and Reimbursements | % | None3 | (0.15)4 | (0.25)5 |
Total Annual Fund Operating Expenses after Waivers and Reimbursements | % | 1.88 | 1.98 | 1.85 |
Class I | ||||
Management Fees | % | 0.24 | 0.22 | 0.75 |
Distribution and/or Shareholder Services (12b-1) Fees | % | None | None | None |
Other Expenses | % | 0.12 | 0.18 | 0.30 |
Acquired Fund Fees and Expenses | 0.51 | 0.66 | None | |
Total Annual Fund Operating Expenses | % | 0.872 | 1.062 | 1.052 |
Waivers and Reimbursements | % | (0.02)3 | (0.08)4 | (0.20)5 |
Total Annual Fund Operating Expenses after Waivers and Reimbursements | % | 0.85 | 0.98 | 0.85 |
Class R6 | ||||
Management Fees | % | 0.24 | 0.22 | N/A |
Distribution and/or Shareholder Services (12b-1) Fees | % | 0.50 | 0.50 | N/A |
Other Expenses | % | 0.13 | 0.25 | N/A |
Acquired Fund Fees and Expenses | 0.51 | 0.66 | N/A | |
Total Annual Fund Operating Expenses | % | 1.382 | 1.632 | N/A |
Waivers and Reimbursements | % | None3 | (0.15)4 | N/A |
Total Annual Fund Operating Expenses after Waivers and Reimbursements | % | 1.38 | 1.48 | N/A |
Class R6 | ||||
Management Fees | % | 0.24 | N/A | 0.75 |
Distribution and/or Shareholder Services (12b-1) Fees | % | None | N/A | None |
GDP Fund | Global Perspectives Fund | Global Income & Growth Fund1 | ||
Other Expenses | % | 0.11 | N/A | 0.22 |
Acquired Fund Fees and Expenses | 0.51 | N/A | None | |
Total Annual Fund Operating Expenses | % | 0.862 | N/A | 0.972 |
Waivers and Reimbursements | % | (0.01)3 | N/A | (0.12)5 |
Total Annual Fund Operating Expenses after Waivers and Reimbursements | % | 0.85 | N/A | 0.85 |
Class W | ||||
Management Fees | % | 0.24 | 0.22 | 0.75 |
Distribution and/or Shareholder Services (12b-1) Fees | % | None | None | None |
Other Expenses | % | 0.13 | 0.25 | 0.35 |
Acquired Fund Fees and Expenses | 0.51 | 0.66 | None | |
Total Annual Fund Operating Expenses | % | 0.882 | 1.132 | 1.102 |
Waivers and Reimbursements | % | None3 | (0.15)4 | (0.25)5 |
Total Annual Fund Operating Expenses after Waivers and Reimbursements | % | 0.88 | 0.98 | 0.85 |
Pro Forma Annual Fund Operating Expenses Expenses you pay each year as a % of the value of your investment |
Global Income & Growth Fund Pro Forma if only GDP Fund Reorganization is Approved | Global Income & Growth Fund Pro Forma if only Global Perspectives Fund Reorganization is Approved | Global Income & Growth Fund Pro Forma if both Reorganizations are approved | ||
Class A1 | ||||
Management Fees | % | 0.75 | 0.75 | 0.75 |
Distribution and/or Shareholder Services (12b-1) Fees | % | 0.25 | 0.25 | 0.25 |
Other Expenses | % | 0.28 | 0.31 | 0.25 |
Total Annual Fund Operating Expenses | % | 1.28 | 1.31 | 1.25 |
Waivers and Reimbursements | % | (0.18)2 | (0.21)2 | (0.15)2 |
Total Annual Fund Operating Expenses after Waivers and Reimbursements | % | 1.10 | 1.10 | 1.10 |
Class C |
Global Income & Growth Fund Pro Forma if only GDP Fund Reorganization is Approved | Global Income & Growth Fund Pro Forma if only Global Perspectives Fund Reorganization is Approved | Global Income & Growth Fund Pro Forma if both Reorganizations are approved | ||
Management Fees | % | 0.75 | 0.75 | 0.75 |
Distribution and/or Shareholder Services (12b-1) Fees | % | 1.00 | 1.00 | 1.00 |
Other Expenses | % | 0.28 | 0.31 | 0.25 |
Total Annual Fund Operating Expenses | % | 2.03 | 2.06 | 2.00 |
Waivers and Reimbursements | % | (0.18)2 | (0.21)2 | (0.15)2 |
Total Annual Fund Operating Expenses after Waivers and Reimbursements | % | 1.85 | 1.85 | 1.85 |
Class I | ||||
Management Fees | % | 0.75 | 0.75 | 0.75 |
Distribution and/or Shareholder Services (12b-1) Fees | % | None | None | None |
Other Expenses | % | 0.21 | 0.27 | 0.19 |
Total Annual Fund Operating Expenses | % | 0.96 | 1.02 | 0.94 |
Waivers and Reimbursements | % | (0.11)2 | (0.17)2 | (0.09)2 |
Total Annual Fund Operating Expenses after Waivers and Reimbursements | % | 0.85 | 0.85 | 0.85 |
Class R6 | ||||
Management Fees | % | 0.75 | 0.75 | 0.75 |
Distribution and/or Shareholder Services (12b-1) Fees | % | None | None | None |
Other Expenses | % | 0.18 | 0.20 | 0.17 |
Total Annual Fund Operating Expenses | % | 0.93 | 0.95 | 0.92 |
Waivers and Reimbursements | % | (0.08)2 | (0.10)2 | (0.07)2 |
Total Annual Fund Operating Expenses after Waivers and Reimbursements | % | 0.85 | 0.85 | 0.85 |
Class W | ||||
Management Fees | % | 0.75 | 0.75 | 0.75 |
Distribution and/or Shareholder Services (12b-1) Fees | % | None | None | None |
Other Expenses | % | 0.28 | 0.31 | 0.25 |
Total Annual Fund Operating Expenses | % | 1.03 | 1.06 | 1.00 |
Waivers and Reimbursements | % | (0.18)2 | (0.21)2 | (0.15)2 |
Total Annual Fund Operating Expenses after Waivers and Reimbursements | % | 0.85 | 0.85 | 0.85 |
GDP Fund | Global Perspectives Fund | Global Income & Growth Fund | ||||||||||||
Class | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | ||
Class A | Sold or Held | $ | 684 | 913 | 1,161 | 1,871 | 693 | 973 | 1,273 | 2,125 | 681 | 955 | 1,249 | 2,085 |
Class C | Sold | $ | 291 | 591 | 1,016 | 2,201 | 301 | 653 | 1,130 | 2,450 | 288 | 634 | 1,106 | 2,411 |
GDP Fund | Global Perspectives Fund | Global Income & Growth Fund | ||||||||||||
Class | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | ||
Class C | Held | $ | 191 | 591 | 1,016 | 2,201 | 201 | 653 | 1,130 | 2,450 | 188 | 634 | 1,106 | 2,411 |
Class I | Sold or Held | $ | 87 | 276 | 480 | 1,071 | 100 | 329 | 577 | 1,287 | 87 | 314 | 560 | 1,265 |
Class R1 | Sold or Held | $ | 140 | 437 | 755 | 1,657 | 151 | 500 | 872 | 1,920 | N/A | N/A | N/A | N/A |
Class R6 | Sold or Held | $ | 87 | 273 | 476 | 1,060 | N/A | N/A | N/A | N/A | 87 | 297 | 525 | 1,179 |
Class W | Sold or Held | $ | 90 | 281 | 488 | 1,084 | 100 | 344 | 608 | 1,361 | 87 | 325 | 582 | 1,318 |
Global Income & Growth Fund Pro Forma if only GDP Fund Reorganization is Approved | Global Income & Growth Fund Pro Forma if only Global Perspectives Fund Reorganization is Approved | Global Income & Growth Fund Pro Forma if both Reorganizations are Approved | ||||||||||||
Class | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | ||
Class A1 | Sold or Held | $ | 681 | 941 | 1,221 | 2,016 | 681 | 947 | 1,233 | 2,046 | 681 | 935 | 1,208 | 1,987 |
Class C | Sold | $ | 288 | 619 | 1,077 | 2,344 | 288 | 625 | 1,089 | 2,373 | 288 | 613 | 1,064 | 2,315 |
Class C | Held | $ | 188 | 619 | 1,077 | 2,344 | 188 | 625 | 1,089 | 2,373 | 188 | 613 | 1,064 | 2,315 |
Class I | Sold or Held | $ | 87 | 295 | 520 | 1,168 | 87 | 308 | 547 | 1,232 | 87 | 291 | 511 | 1,146 |
Class R6 | Sold or Held | $ | 87 | 288 | 507 | 1,136 | 87 | 293 | 516 | 1,157 | 87 | 286 | 502 | 1,125 |
Class W | Sold or Held | $ | 87 | 310 | 551 | 1,243 | 87 | 316 | 564 | 1,275 | 87 | 303 | 538 | 1,211 |
GDP Fund | Global Perspectives Fund | Global Income & Growth Fund | |
Investment Strategies | The Fund seeks to achieve its investment objectives by combining a managed payment policy (the “Managed Payment Policy”) with a strategic allocation to a diversified portfolio of other funds (collectively, the “Underlying Funds”) invested in: global equity; debt, which may include floating rate loans and emerging markets debt; and real estate securities and real estate investment | Under normal market conditions, the sub-adviser (the “Sub-Adviser”) invests the assets of the Fund in a combination of other funds (collectively, the “Underlying Funds”) that, in turn, invest directly in securities (such as stocks and bonds). The Underlying Funds will typically invest in the securities of issuers in a number of different countries, one of which may be the U.S. Generally, and subject to the | Under normal circumstances, the Fund invests directly or indirectly (including through derivatives) at least 80% of its net assets (plus borrowings for investment purposes) in investments that the sub-adviser (the “Sub-Adviser”) believes have potential for income, growth, or both. For purposes of this 80% policy, income-producing investments include any investments or instruments |
GDP Fund | Global Perspectives Fund | Global Income & Growth Fund | |
trusts (“REITS”). The Underlying Funds may or may not be affiliated with the Investment Adviser. The Underlying Funds will invest in the securities of issuers in a number of different countries, one of which may be the U.S. The Fund normally invests at least 65% of its assets in Underlying Funds affiliated with the Investment Adviser; the sub-adviser (the “Sub-Adviser”) may, in its discretion, invest up to 35% of the Fund’s assets in Underlying Funds that are not affiliated with the Investment Adviser, including exchange-traded funds (“ETFs”), to make tactical allocations and/or to gain exposure to equity securities, debt instruments or alternative strategies. The Managed Payment Policy is designed to provide to holders of a share class of the Fund 12 level monthly payments throughout each calendar year. The Sub-Adviser in its discretion and with assistance from the Investment Adviser, will determine a new annual payment rate (the “Annual Payment Rate”) each January for the coming calendar year based on the Fund’s objectives, as well as the Sub-Adviser’s assessment of the market environment and its asset allocation views. Based on the Annual Payment Rate for a year, the Fund will determine a monthly payment amount for each share class of the Fund; the payments will differ among the classes based on the expense structures of the classes and the number of shares of the share class. The annual rate at which the Fund will make payments with respect to any share class is expected to range between 3.25% and 6.75%. During the calendar year 2024, the Fund will make a level monthly payment of $0.038 per share for Class A shares, $0.034 per share for Class C shares, $0.040 per share for Class I shares, $0.036 per share for Class R shares, $0.040 per share for Class R6 shares, and $0.040 per share for Class W shares based on Annual Payment Rates of 6.50% for Class A shares, 5.60% for Class C shares, 6.81% for Class I shares, 6.15% for Class R shares, 6.81% for Class R6 shares, and 6.75% for Class W shares. Because the Fund is expected to make level monthly payments, the amount of the Fund’s distributions to a share class in respect of any period may exceed the amount of the Fund’s income and gains for that period. In that case, some or all of the Fund’s distributions will constitute a return of capital to shareholders. Historically, a substantial portion of the Fund’s distributions has included a return of capital. The Fund uses a proprietary asset allocation strategy to determine the percentage of the Fund’s net assets to | below, approximately 60% of the Fund's net assets will be allocated to Underlying Funds that predominantly invest in equity securities, and approximately 40% of the Fund's net assets will be allocated to Underlying Funds that predominantly invest in debt instruments, including U.S. government securities and money market instruments (the “Target Allocation”). The percentage weight of the Fund's assets invested in Underlying Funds that predominantly invest in equity securities will change over time and may be decreased to approximately 30% and the percentage weight of the Fund's assets invested in Underlying Funds that predominantly invest in debt instruments will change over time and may be increased to approximately 70% (the “Defensive Allocation”), as described below. The Fund normally invests at least 80% of its total assets in Underlying Funds affiliated with the Investment Adviser, although the Sub-Adviser may, in its discretion, invest up to 20% of the Fund’s total assets in Underlying Funds that are not affiliated with the Investment Adviser, including exchange-traded funds (“ETFs”). The Fund’s compliance with the specified allocations is measured by reference to an Underlying Fund’s predominate investments as indicated by its principal investment strategies; actual exposure to equities or debt instruments will vary, including to the extent an Underlying Fund is not substantially invested in accordance with its principal investment strategies. The Underlying Funds provide exposure to a wide range of traditional asset classes which include stocks, bonds, and cash, and non-traditional asset classes (also known as alternative strategies) which include real estate-related securities, including real estate investment trusts (“REITs”). The equity securities in which the Underlying Funds may invest include, but are not limited to: domestic and international stocks of companies of any market capitalization; emerging market securities; and domestic and international real estate securities, including REITs. The debt instruments in which the Underlying Funds may invest include, but are not limited to: domestic and international short-, intermediate- and long-term bonds; high-yield debt instruments rated below investment grade (commonly referred to as “junk bonds”); and debt instruments without limitations on maturity. Except as described below, the Sub-Adviser uses a rules-based investment strategy to determine the allocation among Underlying Funds that invest in equity securities and debt instruments. The proportion of assets | that pay dividends and/or interest, whether in cash or in kind; that generate premiums; that are issued at a discount; or that otherwise generate or result in income for the Fund. Growth means investments that are expected to generate capital appreciation in excess of the initial investment. The Fund invests its assets (expressed as a percentage of its net assets) across asset classes approximately as follows (the “Target Allocation”): 33% in high-yield securities (excluding convertible securities), 33% in convertible securities (regardless of any credit rating assigned to the security), and 33% in equity securities and/or written call options. This allocation is a target, and the Fund's allocation could change substantially due to portfolio manager decisions or as the investments’ asset values change due to market movements. On an ongoing basis, the actual mix of the Fund’s assets may deviate from the Target Allocation. The Fund's Target Allocation may be changed, at any time, by the Sub-Adviser. The Fund invests in securities of issuers in a number of different countries, including the U.S. The Fund may invest in the securities of issuers located in developing and emerging market countries, including securities of such issuers that are traded on a U.S. stock exchange, and in American Depositary Receipts, when consistent with the Fund’s investment objective. Countries with developing and emerging markets include most countries in the world except Australia, Canada, Hong Kong, Israel, Japan, New Zealand, the United Kingdom, the United States, and most of the countries of western Europe. Securities may be denominated in foreign (non-U.S.) currencies or in U.S. dollars. The Fund may hedge its exposure to securities denominated in foreign (non-U.S.) currencies. The Sub-Adviser identifies companies by utilizing a fundamental, bottom-up research process that seeks to facilitate early identification of issuers that the Sub-Adviser believes demonstrate the ability to improve their fundamental characteristics. The Sub-Adviser then determines which asset class it believes has the potential to provide the optimal total return opportunity, subject to market conditions. For purposes of the Fund’s investments in high-yield securities, “high-yield securities” are securities rated Ba or below by Moody’s Investors Service, Inc. or BB or below by S&P Global Ratings or Fitch Ratings (sometimes referred to as “junk bonds”). The Fund may invest in issuers of any market capitalization. In addition to publicly-traded equity securities, the Fund may invest a significant portion of its |
GDP Fund | Global Perspectives Fund | Global Income & Growth Fund | |
invest in each of the Underlying Funds (the “Target Allocations”). Under normal conditions, approximately 68% of the Fund’s net assets will be allocated to Underlying Funds investing in equity securities and approximately 32% of the Fund’s net assets will be allocated to Underlying Funds investing in debt instruments, including floating rate loans and emerging markets debt. As these are Target Allocations, the actual allocations of the Fund’s assets will deviate from the percentages shown. The Target Allocations are measured with reference to the principal strategies of the Underlying Funds; actual exposures to equity securities and debt instruments will vary from the Target Allocations if an Underlying Fund is not substantially invested in accordance with its principal strategy. The Sub-Adviser seeks to diversify the Fund’s equity holdings by including Underlying Funds that invest in companies of all market capitalizations, that invest using a growth style, a value style, or a blend and that invest in companies in developed countries and countries with emerging securities markets, and Underlying Funds that invest in real estate securities. When investing in Underlying Funds, the Sub-Adviser takes into account a wide variety of factors and considerations, including among other things the investment strategy employed in the management of a potential Underlying Fund, and the extent to which an Underlying Fund’s investment adviser considers environmental, social, and governance (“ESG”) factors as part of its investment process. The manner in which an investment adviser uses ESG factors in its investment process will be only one of many considerations in the Sub-Adviser’s evaluation of any potential Underlying Fund, and the extent to which the consideration of ESG factors by an investment adviser will affect the Sub-Adviser’s decision to invest in an Underlying Fund, if at all, will depend on the analysis and judgment of the Sub-Adviser. The debt portion of the Fund will invest in Underlying Funds that invest in both investment grade securities and non-investment grade debt instruments (commonly known as “junk bonds”). The investment grade debt instruments will have a dollar-weighted average duration between two and ten years. Duration is the most commonly used measure of risk in debt investments as it incorporates multiple features of the debt instrument (e.g., yield, coupon, maturity, etc.) into one number. Duration is a measure of sensitivity of the price of a debt instrument to a change in interest rates. Duration is a weighted average of the | allocated to Underlying Funds that are predominantly invested in equity securities and those that are predominantly invested in debt instruments is determined as of each calendar quarter. Within the broad equity and debt asset classes, the Fund will seek to maintain approximately equal weights across each Underlying Fund in the asset class. No adjustments to the Target Allocation or Defensive Allocation will be made between quarterly allocation dates. As soon as practicable following the end of each calendar quarter, the Sub-Adviser will compare the aggregate earnings of the companies in the S&P 500® Index (the “Index”) for the most recent calendar quarter to the aggregate earnings of the companies in the Index for the previous year's corresponding calendar quarter. If the aggregate earnings for the most recent calendar quarter are more than 110% of the aggregate earnings for the companies in the Index for the previous year's corresponding calendar quarter, the Fund will seek exposure consistent with the Target Allocation described above as soon as reasonably practicable. If the aggregate earnings for the most recently completed calendar quarter are less than 90% of the reported aggregate earnings for the previous year's corresponding calendar quarter, the Fund will seek exposure consistent with the Defensive Allocation described above as soon as reasonably practicable. In the event that the year-over-year change in the calendar quarter’s aggregate earnings is within 90% and 110% of the previous year’s corresponding calendar quarter, the Sub-Adviser has the discretion to consider other fundamental factors and invest in accordance with either the Defensive or Target Allocation described above as soon as practicable. When investing in Underlying Funds, the Sub-Adviser takes into account a wide variety of factors and considerations, including among other things the investment strategy employed in the management of a potential Underlying Fund, and the extent to which an Underlying Fund’s investment adviser considers environmental, social, and governance (“ESG”) factors as part of its investment process. The manner in which an investment adviser uses ESG factors in its investment process will be only one of many considerations in the Sub-Adviser’s evaluation of any potential Underlying Fund, and the extent to which the consideration of ESG factors by an investment adviser will affect the Sub-Adviser’s decision to invest in an Underlying Fund, if at all, will depend on the analysis and judgment of the Sub-Adviser. The Sub-Adviser intends to rebalance the | assets in private placement securities (including Rule 144A and Regulation S securities). The Fund may also employ a strategy of writing call options on common stocks to seek to enhance the Fund’s distributions and reduce overall portfolio risk. The Fund may invest in synthetic convertible instruments by combining debt instruments with a basket of warrants, or options or other derivatives that together produce the economic characteristics similar to a conventional convertible security. Additionally, the Fund may invest in structured notes or equity-linked securities that provide economic exposure similar to a convertible security. Convertible preferred securities, including mandatory and perpetual preferred securities, may also be used to gain convertible exposure. From time to time, the Fund may also acquire warrants, options, or equity securities as a result of company restructurings. The Fund may also invest in other derivative instruments, including, but not limited to, foreign currency exchange contracts, options, and stock index futures contracts. The Fund may invest in other investment companies, including exchange-traded funds (“ETFs”), to the extent permitted under the Investment Company Act of 1940, as amended, and the rules and regulations thereunder, and under the terms of applicable no-action relief or exemptive orders granted thereunder (the “1940 Act”). In evaluating investments for the Fund, the Sub-Adviser takes into account a wide variety of factors and considerations to determine whether any or all of those factors or considerations might have a material effect on the value, risks, or prospects of an investment. Among the factors considered, the Sub-Adviser expects typically to take into account environmental, social, and governance (“ESG”) factors in considering potential investments where the Sub-Adviser believes one or more of those factors might have such an effect. In considering ESG factors, the Sub-Adviser intends to rely primarily on factors identified through its proprietary empirical research and on third-party evaluations of an issuer’s ESG standing. ESG factors will be only one of many considerations in the Sub-Adviser’s evaluation of any potential investment; the extent to which ESG factors will affect the Sub-Adviser’s decision to invest in a company, if at all, will depend on the analysis and judgment of the Sub-Adviser. The Sub-Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into opportunities believed to be more |
GDP Fund | Global Perspectives Fund | Global Income & Growth Fund | |
times that interest payments and the final return of principal are received. The weights are the amounts of the payments discounted by the yield-to-maturity of the debt instrument. Duration is expressed as a number of years. The bigger the duration number, the greater the interest-rate risk or reward for the debt instrument prices. For example, the price of a bond with an average duration of 5 years would be expected to fall approximately 5% if interest rates rose by 1%. Conversely, the price of a bond with an average duration of 5 years would be expected to rise approximately 5% if interest rates drop by 1%. The Fund may also allocate assets to non-traditional asset classes (also known as alternative strategies), which include commodities. The Fund will be rebalanced periodically to return to the Target Allocations. The Fund’s Target Allocations may be changed, at any time, in accordance with the Fund’s asset allocation process. The Fund will periodically deviate from the Target Allocations based on an assessment of the current market conditions or other factors. Generally, the deviations would be expected to fall in the range of +/- 10% of the Fund's net asset value, relative to the current Target Allocations. The Sub-Adviser may determine, in light of market conditions or other factors, to deviate by a wider margin in order to protect the Fund, achieve its investment objective, or to take advantage of particular opportunities. The Sub-Adviser may seek to enhance returns and/or moderate volatility by exercising strategies that use derivative instruments, which may include forward foreign currency exchange contracts, futures (including broad based indices, equities, commodities, currencies, and bonds), swaps (including interest rate swaps, total return swaps, and credit default swaps), and options on any of the previously mentioned asset class or instruments, including ETFs and single stocks. The Sub-Adviser may also take a defensive cash position. The Sub-Adviser may also use derivatives as a substitute for taking a position in the underlying asset, to earn income, and to assist in managing cash. | Fund's asset allocations on at least a quarterly basis, but it may rebalance more frequently as deemed appropriate to attain the Target Allocation or Defensive Allocation for the Fund. The Target and Defensive Allocations, however, are targets, and the Fund's asset allocations could change substantially as the value and the holdings of the Underlying Funds change. | promising, among others. The Fund may lend portfolio securities on a short-term or long-term basis, up to 33 1∕3% of its total assets. |
Risks | GDP Fund | Global Perspectives Fund | Global Income & Growth Fund |
Affiliated Underlying Funds: The Sub-Adviser’s selection of Underlying Funds presents conflicts of interest. The net management fee revenue received or costs incurred by the Sub-Adviser and its affiliates will vary depending on the Underlying Funds it selects for the Fund, and the Sub-Adviser will have an incentive to select the Underlying Funds (whether or not affiliated with the Sub-Adviser) that will result in the greatest net management fee revenue or lowest costs to the Sub-Adviser and its affiliates, even if that results in increased expenses and potentially less favorable investment performance for the Fund. The Sub-Adviser may prefer to invest in an affiliated Underlying Fund over an unaffiliated Underlying Fund because the investment may be beneficial to the Sub-Adviser in managing the affiliated Underlying Fund by helping the affiliated Underlying Fund achieve economies of scale or by enhancing cash flows to the affiliated Underlying Fund. For similar reasons, the Sub-Adviser may have an incentive to delay or decide against the sale of interests held by the Fund in affiliated Underlying Funds, and the Sub-Adviser may implement Underlying Fund changes in a manner intended to minimize the disruptive effects and added costs of those changes to affiliated Underlying Funds. Although the Fund may invest a portion of its assets in unaffiliated Underlying Funds, there is no assurance that it will do so even in cases where the unaffiliated Underlying Funds incur lower fees or have achieved better historical investment performance than the comparable affiliated Underlying Funds. | ✔ | ✔ | |
Asset Allocation: Investment performance depends on the manager’s skill in allocating assets among the asset classes in which the Fund invests and in choosing investments within those asset classes. There is a risk that the manager may allocate assets or investments to or within an asset class that underperforms compared to other asset classes or investments. The Fund may underperform funds that allocate their assets differently than the Fund, due to differences in the relative performance of asset classes and subsets of asset classes. | ✔ | ✔ | ✔ |
Risks | GDP Fund | Global Perspectives Fund | Global Income & Growth Fund |
Bank Instruments: Bank instruments include certificates of deposit, fixed time deposits, bankers’ acceptances, and other debt and deposit-type obligations issued by banks. Changes in economic, regulatory, or political conditions, or other events that affect the banking industry may have an adverse effect on bank instruments or banking institutions that serve as counterparties in transactions with the Fund. In the event of a bank insolvency or failure, the Fund may be considered a general creditor of the bank, and it might lose some or all of the funds deposited with the bank. Even where it is recognized that a bank might be in danger of insolvency or failure, the Fund might not be able to withdraw or transfer its money from the bank in time to avoid any adverse effects of the insolvency or failure. Volatility in the banking system may impact the viability of banking and financial services institutions. In the event of failure of any of the financial institutions where the Fund maintains its cash and cash equivalents, there can be no assurance that the Fund would be able to access uninsured funds in a timely manner or at all and the Fund may incur losses. Any such event could adversely affect the business, liquidity, financial position and performance of the Fund. | ✔ | ✔ | |
Cash/Cash Equivalents: Investments in cash or cash equivalents may lower returns and result in potential lost opportunities to participate in market appreciation which could negatively impact the Fund’s performance and ability to achieve its investment objective. | ✔ | ✔ | |
Commodities: Commodity prices can have significant volatility, and exposure to commodities can cause the net asset value of the Fund’s shares to decline or fluctuate in a rapid and unpredictable manner. A liquid secondary market may not exist for certain commodity-related investments, which may make it difficult for the Fund to sell them at a desirable price or time. | ✔ | ||
Company: The price of a company’s stock could decline or underperform for many reasons, including, among others, poor management, financial problems, reduced demand for the company’s goods or services, regulatory fines and judgments, or business challenges. If a company is unable to meet its financial obligations, declares bankruptcy, or becomes insolvent, its stock could become worthless. | ✔ | ✔ | ✔ |
Convertible Securities: Convertible securities are securities that are convertible into or exercisable for common stocks at a stated price or rate. Convertible securities are subject to the usual risks associated with debt instruments, such as interest rate risk and credit risk. In addition, because convertible securities react to changes in the value of the underlying stock, they are subject to market risk. Synthetic convertible securities may present a greater degree of market risk, and may be more volatile, less liquid and more difficult to price accurately than less complex securities. | ✔ |
Risks | GDP Fund | Global Perspectives Fund | Global Income & Growth Fund |
Covenant-Lite Loans: Loans in which the Fund may invest or to which the Fund may gain exposure indirectly through its investments in collateralized debt obligations, CLOs or other types of structured securities may be considered “covenant-lite” loans. Covenant-lite refers to loans which do not incorporate traditional performance-based financial maintenance covenants. Covenant-lite does not refer to a loan’s seniority in a borrower’s capital structure nor to a lack of the benefit from a legal pledge of the borrower’s assets and does not necessarily correlate to the overall credit quality of the borrower. Covenant-lite loans generally do not include terms which allow a lender to take action based on a borrower’s performance relative to its covenants. Such actions may include the ability to renegotiate and/or re-set the credit spread on the loan with a borrower, and even to declare a default or force the borrower into bankruptcy restructuring if certain criteria are breached. Covenant-lite loans typically still provide lenders with other covenants that restrict a borrower from incurring additional debt or engaging in certain actions. Such covenants can only be breached by an affirmative action of the borrower, rather than by a deterioration in the borrower’s financial condition. Accordingly, the Fund may have fewer rights against a borrower when it invests in, or has exposure to, covenant-lite loans and, accordingly, may have a greater risk of loss on such investments as compared to investments in, or exposure to, loans with additional or more conventional covenants. | ✔ | ||
Credit: The Fund could lose money if the issuer or guarantor of a debt instrument in which the Fund invests, or the counterparty to a derivative contract the Fund entered into, is unable or unwilling, or is perceived (whether by market participants, rating agencies, pricing services, or otherwise) as unable or unwilling, to meet its financial obligations. | ✔ | ✔ | ✔ |
Credit Default Swaps: The Fund may enter into credit default swaps, either as a buyer or a seller of the swap. A buyer of a credit default swap is generally obligated to pay the seller an upfront or a periodic stream of payments over the term of the contract until a credit event, such as a default, on a reference obligation has occurred. If a credit event occurs, the seller generally must pay the buyer the “par value” (full notional value) of the swap in exchange for an equal face amount of deliverable obligations of the reference entity described in the swap, or the seller may be required to deliver the related net cash amount if the swap is cash settled. As a seller of a credit default swap, the Fund would effectively add leverage to its portfolio because, in addition to its total net assets, the Fund would be subject to investment exposure on the full notional value of the swap. Credit default swaps are particularly subject to counterparty, credit, valuation, liquidity, and leveraging risks, and the risk that the swap may not correlate with its reference obligation as expected. Certain standardized credit default swaps are subject to mandatory central clearing. Central clearing is expected to reduce counterparty credit risk and increase liquidity; however, there is no assurance that it will achieve that result, and in the meantime, central clearing and related requirements expose the Fund to different kinds of costs and risks. In addition, credit default swaps expose the Fund to the risk of improper valuation. | ✔ | ||
Currency: To the extent that the Fund invests directly or indirectly in foreign (non-U.S.) currencies or in securities denominated in, or that trade in, foreign (non-U.S.) currencies, it is subject to the risk that those foreign (non-U.S.) currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged by the Fund through foreign currency exchange transactions. | ✔ | ✔ | ✔ |
Risks | GDP Fund | Global Perspectives Fund | Global Income & Growth Fund |
Derivative Instruments: Derivative instruments are subject to a number of risks, including the risk of changes in the market price of the underlying asset, reference rate, or index credit risk with respect to the counterparty, risk of loss due to changes in market interest rates, liquidity risk, valuation risk, and volatility risk. The amounts required to purchase certain derivatives may be small relative to the magnitude of exposure assumed by the Fund. Therefore, the purchase of certain derivatives may have an economic leveraging effect on the Fund and exaggerate any increase or decrease in the net asset value. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When used for hedging purposes, the change in value of a derivative may not correlate as expected with the asset, reference rate, or index being hedged. When used as an alternative or substitute for direct cash investment, the return provided by the derivative may not provide the same return as direct cash investment. | ✔ | ✔ | |
Dividend: Companies that issue dividend yielding equity securities are not required to continue to pay dividends on such securities. Therefore, there is a possibility that such companies could reduce or eliminate the payment of dividends in the future. As a result, the Fund’s ability to execute its investment strategy may be limited. | ✔ | ||
Environmental, Social, and Governance (Equity): The Sub-Adviser’s consideration of ESG factors in selecting investments for the Fund is based on information that is not standardized, some of which can be qualitative and subjective by nature. The Sub-Adviser’s assessment of ESG factors in respect of a company may rely on third-party data that might be incorrect or based on incomplete or inaccurate information. There is no minimum percentage of the Fund’s assets that will be invested in companies that the Sub-Adviser views favorably in light of ESG factors, and the Sub-Adviser may choose not to invest in companies that compare favorably to other companies on the basis of ESG factors. It is possible that the Fund will have less exposure to certain companies due to the Sub-Adviser’s assessment of ESG factors than other comparable mutual funds. There can be no assurance that an investment selected by the Sub-Adviser, which includes its consideration of ESG factors, will provide more favorable investment performance than another potential investment, and such an investment may, in fact, underperform other potential investments. | ✔ | ||
Environmental, Social, and Governance (Fixed Income): The Sub-Adviser’s consideration of ESG factors in selecting investments for the Fund is based on information that is not standardized, some of which can be qualitative and subjective by nature. The Sub-Adviser’s assessment of ESG factors in respect of obligations of an issuer may rely on third-party data that might be incorrect or based on incomplete or inaccurate information. There is no minimum percentage of the Fund’s assets that will be invested in obligations of issuers that the Sub-Adviser views favorably in light of ESG factors, and the Sub-Adviser may choose not to invest in obligations of issuers that compare favorably to obligations of other issuers on the basis of ESG factors. It is possible that the Fund will have less exposure to obligations of certain issuers due to the Sub-Adviser’s assessment of ESG factors than other comparable mutual funds. There can be no assurance that an investment selected by the Sub-Adviser, which includes its consideration of ESG factors, will provide more favorable investment performance than another potential investment, and such an investment may, in fact, underperform other potential investments. | ✔ |
Risks | GDP Fund | Global Perspectives Fund | Global Income & Growth Fund |
Environmental, Social, and Governance (Funds-of-Funds): The Sub-Adviser’s consideration of ESG factors in selecting Underlying Funds for investment by the Fund is based on information that is not standardized, some of which can be qualitative and subjective by nature. There is no minimum percentage of the Fund’s assets that will be allocated to Underlying Funds on the basis of ESG factors, and the Sub-Adviser may choose to select Underlying Funds on the basis of factors or considerations other than ESG factors. It is possible that the Fund will have less exposure to ESG-focused strategies than other comparable mutual funds. There can be no assurance that an Underlying Fund selected by the Sub-Adviser, which includes its consideration of ESG factors, will provide more favorable investment performance than another potential Underlying Fund, and such an Underlying Fund may, in fact, underperform other potential Underlying Funds. | ✔ | ✔ | |
Equity-Linked Notes: An equity-linked note (“ELN”) is an investment whose value is based on the value of a single equity security, basket of equity securities, or an index of equity securities (each, an “underlying equity”). Although ELNs are not a direct investment in the underlying equity, ELNs are subject to the market risk associated with their underlying equity and the price of ELNs may not correlate with the underlying equity. As a result, an investment in an ELN may result in significant losses to the Fund, including its entire principal investment. In addition, ELNs are subject to other risks, including counterparty risk, credit risk, liquidity risk, and market risk. | ✔ | ||
Floating Rate Loans: In the event a borrower fails to pay scheduled interest or principal payments on a floating rate loan (which can include certain bank loans), the Fund will experience a reduction in its income and a decline in the market value of such floating rate loan. If a floating rate loan is held by the Fund through another financial institution, or the Fund relies upon another financial institution to administer the loan, the receipt of scheduled interest or principal payments may be subject to the credit risk of such financial institution. Investors in floating rate loans may not be afforded the protections of the anti-fraud provisions of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, because loans may not be considered “securities” under such laws. Additionally, the value of collateral, if any, securing a floating rate loan can decline or may be insufficient to meet the borrower’s obligations under the loan, and such collateral may be difficult to liquidate. No active trading market may exist for many floating rate loans and many floating rate loans are subject to restrictions on resale. Transactions in loans typically settle on a delayed basis and may take longer than 7 days to settle. As a result, the Fund may not receive the proceeds from a sale of a floating rate loan for a significant period of time. Delay in the receipts of settlement proceeds may impair the ability of the Fund to meet its redemption obligations, and may limit the ability of the Fund to repay debt, pay dividends, or to take advantage of new investment opportunities. | ✔ |
Risks | GDP Fund | Global Perspectives Fund | Global Income & Growth Fund |
Foreign (Non-U.S.) Investments/Developing and Emerging Markets: Investing in foreign (non-U.S.) securities may result in the Fund experiencing more rapid and extreme changes in value than a fund that invests exclusively in securities of U.S. companies due, in part, to: smaller markets; differing reporting, accounting, auditing and financial reporting standards and practices; nationalization, expropriation, or confiscatory taxation; foreign currency fluctuations, currency blockage, or replacement; potential for default on sovereign debt; and political changes or diplomatic developments, which may include the imposition of economic sanctions (or the threat of new or modified sanctions) or other measures by the U.S. or other governments and supranational organizations. Markets and economies throughout the world are becoming increasingly interconnected, and conditions or events in one market, country or region may adversely impact investments or issuers in another market, country or region. Foreign (non-U.S.) investment risks may be greater in developing and emerging markets than in developed markets. | ✔ | ✔ | ✔ |
Growth Investing: Prices of growth-oriented stocks are more sensitive to investor perceptions of the issuer’s growth potential and may fall quickly and significantly if investors suspect that actual growth may be less than expected. There is a risk that funds that invest in growth-oriented stocks may underperform other funds that invest more broadly. Growth-oriented stocks tend to be more volatile than value-oriented stocks, and may underperform the market as a whole over any given time period. | ✔ | ✔ | |
High-Yield Securities: Lower-quality securities (including securities that are or have fallen below investment grade and are classified as “junk bonds” or “high-yield securities”) have greater credit risk and liquidity risk than higher-quality (investment grade) securities, and their issuers' long-term ability to make payments is considered speculative. Prices of lower-quality bonds or other debt instruments are also more volatile, are more sensitive to negative news about the economy or the issuer, and have greater liquidity risk and price volatility. | ✔ | ✔ | ✔ |
Index Strategy (Funds-of-Funds): An Underlying Fund (or a portion of the Underlying Fund) that seeks to track an index’s performance and does not use defensive positions or attempt to reduce its exposure to poor performing securities in an index may underperform the overall market (each, an “Underlying Index Fund”). To the extent an Underlying Index Fund’s investments track its target index, such Underlying Index Fund may underperform other funds that invest more broadly. Errors in index data, index computations or the construction of the index in accordance with its methodology may occur from time to time and may not be identified and corrected by the index provider for a period of time or at all, which may have an adverse impact on the Fund. The correlation between an Underlying Index Fund’s performance and index performance may be affected by the timing of purchases and redemptions of the Underlying Index Fund's shares. The correlation between an Underlying Index Fund’s performance and index performance will be reduced by the Underlying Index Fund’s expenses and could be reduced by the timing of purchases and redemptions of the Underlying Index Fund’s shares. In addition, an Underlying Index Fund’s actual holdings might not match the index and an Underlying Index Fund’s effective exposure to index securities at any given time may not precisely correlate. When deciding between Underlying Index Funds benchmarked to the same index, the manager may not select the Underlying Index Fund with the lowest expenses. If the Fund invests in an Underlying Index Fund with higher expenses, the Fund's performance would be lower than if the Fund had invested in an Underlying Index Fund with comparable performance but lower expenses (although any expense limitation arrangements in place at the time might have the effect of limiting or eliminating the amount of that underperformance). | ✔ | ✔ |
Risks | GDP Fund | Global Perspectives Fund | Global Income & Growth Fund |
Interest in Loans: The value and the income streams of interests in loans (including participation interests in lease financings and assignments in secured variable or floating rate loans) will decline if borrowers delay payments or fail to pay altogether. A significant rise in market interest rates could increase this risk. Although loans may be fully collateralized when purchased, such collateral may become illiquid or decline in value. | ✔ | ||
Interest Rate: A rise in market interest rates generally results in a fall in the value of bonds and other debt instruments; conversely, values generally rise as market interest rates fall. Interest rate risk is generally greater for debt instruments than floating-rate instruments. The higher the credit quality of the instrument, and the longer its maturity or duration, the more sensitive it is to changes in market interest rates. Duration is a measure of sensitivity of the price of a debt instrument to a change in interest rate. As of the date of this Prospectus, the U.S. has recently experienced a rising market interest rate environment, which may increase the Fund’s exposure to risks associated with rising market interest rates. Rising market interest rates have unpredictable effects on the markets and may expose debt and related markets to heightened volatility. To the extent that the Fund invests in debt instruments, an increase in market interest rates may lead to increased redemptions and increased portfolio turnover, which could reduce liquidity for certain investments, adversely affect values, and increase costs. Increased redemptions may cause the Fund to liquidate portfolio positions when it may not be advantageous to do so and may lower returns. If dealer capacity in debt markets is insufficient for market conditions, it may further inhibit liquidity and increase volatility in debt markets. Further, recent and potential future changes in government policy may affect interest rates. Negative or very low interest rates could magnify the risks associated with changes in interest rates. In general, changing interest rates, including rates that fall below zero, could have unpredictable effects on markets and may expose debt and related markets to heightened volatility. Changes to monetary policy by the U.S. Federal Reserve Board or other regulatory actions could expose debt and related markets to heightened volatility, interest rate sensitivity, and reduced liquidity, which may impact the Fund’s operations and return potential. | ✔ | ✔ | ✔ |
Investment Model: The Sub-Adviser’s proprietary investment model may not adequately take into account existing or unforeseen market factors or the interplay between such factors, and there is no guarantee that the use of a proprietary investment model will result in effective investment decisions for the Fund. | ✔ | ||
Investment Model: The Sub-Adviser’s proprietary investment model may not adequately take into account existing or unforeseen market factors or the interplay between such factors, and there is no guarantee that the use of a proprietary investment model will result in effective investment decisions for the Fund. Funds that are actively managed, in whole or in part, according to a quantitative investment model (including models that utilize artificial intelligence) can perform differently from the market, based on the investment model and the factors used in the analysis, the weight placed on each factor, and changes from the factors’ historical trends. Mistakes in the construction and implementation of the investment models (including, for example, data problems and/or software issues) may create errors or limitations that might go undetected or are discovered only after the errors or limitations have negatively impacted performance. | ✔ | ✔ |
Risks | GDP Fund | Global Perspectives Fund | Global Income & Growth Fund |
Liquidity: If a security is illiquid, the Fund might be unable to sell the security at a time when the Fund’s manager might wish to sell, or at all. Further, the lack of an established secondary market may make it more difficult to value illiquid securities, exposing the Fund to the risk that the prices at which it sells illiquid securities will be less than the prices at which they were valued when held by the Fund, which could cause the Fund to lose money. The prices of illiquid securities may be more volatile than more liquid securities, and the risks associated with illiquid securities may be greater in times of financial stress. Certain securities that are liquid when purchased may later become illiquid, particularly in times of overall economic distress or due to geopolitical events such as sanctions, trading halts, or wars. | ✔ | ✔ | ✔ |
Managed Payment: Because the Fund is expected to make monthly payments regardless of investment performance, the amount of the Fund’s distributions in respect of any period often will exceed the amount of the Fund’s income and gains for that period. In that case, some or all of the Fund’s distributions will constitute a return of capital to shareholders. It is possible for the Fund to suffer substantial investment losses and simultaneously experience additional asset reductions as a result of its payments to shareholders under the Managed Payment Policy. In addition, in order to make the payments called for under the Managed Payment Policy, the Fund may have to sell portfolio securities at a time when it would not otherwise do so. A return of capital to shareholders will decrease shareholders’ cost basis in the Fund and will affect the amount of any capital gain or loss that shareholders realize when selling or exchanging shares. A distribution constituting a return of capital is not a distribution of income or capital gains earned by the Fund and should not be confused with the Fund’s “yield” or “income.” | ✔ | ||
Market: The market values of securities will fluctuate, sometimes sharply and unpredictably, based on overall economic conditions, governmental actions or intervention, market disruptions caused by trade disputes or other factors, political developments, and other factors. Prices of equity securities tend to rise and fall more dramatically than those of debt instruments. Additionally, legislative, regulatory or tax policies or developments may adversely impact the investment techniques available to a manager, add to costs, and impair the ability of the Fund to achieve its investment objectives. | ✔ | ✔ | ✔ |
Market Capitalization: Stocks fall into three broad market capitalization categories: large, mid, and small. Investing primarily in one category carries the risk that, due to current market conditions, that category may be out of favor with investors. If valuations of large-capitalization companies appear to be greatly out of proportion to the valuations of mid- or small-capitalization companies, investors may migrate to the stocks of mid- and small-capitalization companies causing a fund that invests in these companies to increase in value more rapidly than a fund that invests in large-capitalization companies. Investing in mid- and small-capitalization companies may be subject to special risks associated with narrower product lines, more limited financial resources, smaller management groups, more limited publicly available information, and a more limited trading market for their stocks as compared with large-capitalization companies. As a result, stocks of mid- and small-capitalization companies may be more volatile and may decline significantly in market downturns. | ✔ | ✔ | ✔ |
Risks | GDP Fund | Global Perspectives Fund | Global Income & Growth Fund |
Market Disruption and Geopolitical: The Fund is subject to the risk that geopolitical events will disrupt securities markets and adversely affect global economies and markets. Due to the increasing interdependence among global economies and markets, conditions in one country, market, or region might adversely impact markets, issuers and/or foreign exchange rates in other countries, including the United States. Wars, terrorism, global health crises and pandemics, and other geopolitical events that have led, and may continue to lead, to increased market volatility and may have adverse short- or long-term effects on U.S. and global economies and markets, generally. For example, the COVID-19 pandemic resulted in significant market volatility, exchange suspensions and closures, declines in global financial markets, higher default rates, supply chain disruptions, and a substantial economic downturn in economies throughout the world. The economic impacts of COVID-19 have created a unique challenge for real estate markets. Many businesses have either partially or fully transitioned to a remote-working environment and this transition may negatively impact the occupancy rates of commercial real estate over time. Natural and environmental disasters and systemic market dislocations are also highly disruptive to economies and markets. In addition, military action by Russia in Ukraine has, and may continue to, adversely affect global energy and financial markets and therefore could affect the value of the Fund’s investments, including beyond the Fund’s direct exposure to Russian issuers or nearby geographic regions. The extent and duration of the military action, sanctions, and resulting market disruptions are impossible to predict and could be substantial. A number of U.S. domestic banks and foreign (non-U.S.) banks have recently experienced financial difficulties and, in some cases, failures. There can be no certainty that the actions taken by regulators to limit the effect of those financial difficulties and failures on other banks or other financial institutions or on the U.S. or foreign (non-U.S.) economies generally will be successful. It is possible that more banks or other financial institutions will experience financial difficulties or fail, which may affect adversely other U.S. or foreign (non-U.S.) financial institutions and economies. These events as well as other changes in foreign (non-U.S.) and domestic economic, social, and political conditions also could adversely affect individual issuers or related groups of issuers, securities markets, interest rates, credit ratings, inflation, investor sentiment, and other factors affecting the value of the Fund’s investments. Any of these occurrences could disrupt the operations of the Fund and of the Fund’s service providers. | ✔ | ✔ | ✔ |
Option Writing: When the Fund writes a covered call option on a security, it assumes the risk that it must sell the underlying security at an exercise price that may be lower than the market price of the security, and it gives up the opportunity to profit from a price increase in the underlying security above the exercise price. In addition, the Fund continues to bear the risk of a decline in the value of the underlying security. When the Fund writes an index call option, it assumes the risk that it must pay the purchaser of the option a cash payment equal to any appreciation in the value of the index over the strike price of the call option during the option’s term. While the amount of the Fund’s potential loss is offset by the premium received when the option was written, the amount of the loss is theoretically unlimited. | ✔ |
Risks | GDP Fund | Global Perspectives Fund | Global Income & Growth Fund |
Other Investment Companies: The main risk of investing in other investment companies, including ETFs, is the risk that the value of an investment company’s underlying investments might decrease. Shares of investment companies that are listed on an exchange may trade at a discount or premium from their net asset value. You will pay a proportionate share of the expenses of those other investment companies (including management fees, administration fees, and custodial fees) in addition to the Fund’s expenses. The investment policies of the other investment companies may not be the same as those of the Fund; as a result, an investment in the other investment companies may be subject to additional or different risks than those to which the Fund is typically subject. In addition, shares of ETFs may trade at a premium or discount to net asset value and are subject to secondary market trading risks. Secondary markets may be subject to irregular trading activity, wide bid/ask spreads, and extended trade settlement periods in times of market stress because market makers and authorized participants may step away from making a market in an ETF’s shares, which could cause a material decline in the ETF’s net asset value. | ✔ | ||
Preferred Stocks: Preferred stock generally has preference over common stock but is generally subordinate to debt instruments with respect to dividends and liquidation. Preferred stocks are subject to the risks associated with other types of equity securities, as well as greater credit or other risks than senior debt instruments. In addition, preferred stocks are subject to other risks, such as risks related to deferred and omitted distributions, limited voting rights, liquidity, interest rate, regulatory changes and special redemption rights. | ✔ | ||
Prepayment and Extension: Many types of debt instruments are subject to prepayment and extension risk. Prepayment risk is the risk that the issuer of a debt instrument will pay back the principal earlier than expected. This risk is heightened in a falling market interest rate environment. Prepayment may expose the Fund to a lower rate of return upon reinvestment of principal. Also, if a debt instrument subject to prepayment has been purchased at a premium, the value of the premium would be lost in the event of prepayment. Extension risk is the risk that the issuer of a debt instrument will pay back the principal later than expected. This risk is heightened in a rising market interest rate environment. This may negatively affect performance, as the value of the debt instrument decreases when principal payments are made later than expected. Additionally, the Fund may be prevented from investing proceeds it would have received at a given time at the higher prevailing interest rates. | ✔ | ✔ | ✔ |
Real Estate Companies and Real Estate Investment Trusts: Investing in real estate companies and REITs may subject the Fund to risks similar to those associated with the direct ownership of real estate, including losses from casualty or condemnation, changes in local and general economic conditions, supply and demand, market interest rates, zoning laws, regulatory limitations on rents, property taxes, overbuilding, high foreclosure rates, and operating expenses in addition to terrorist attacks, wars, or other acts that destroy real property. In addition, REITs may also be affected by tax and regulatory requirements in that a REIT may not qualify for favorable tax treatment or regulatory exemptions. Investments in REITs are affected by the management skill of the REIT’s sponsor. The Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests. | ✔ | ✔ |
Risks | GDP Fund | Global Perspectives Fund | Global Income & Growth Fund |
Restricted Securities: Securities that are legally restricted as to resale (such as those issued in private placements), including securities governed by Rule 144A and Regulation S, and securities that are offered in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended, are referred to as “restricted securities.” Restricted securities may be sold in private placement transactions between issuers and their purchasers and may be neither listed on an exchange nor traded in other established markets. Due to the absence of a public trading market, restricted securities may be more volatile, less liquid, and more difficult to value than publicly-traded securities. The price realized from the sale of these securities could be less than the amount originally paid or less than their fair value if they are resold in privately negotiated transactions. In addition, these securities may not be subject to disclosure and other investment protection requirements that are afforded to publicly-traded securities. Certain restricted securities represent investments in smaller, less seasoned issuers, which may involve greater risk. | ✔ | ||
Securities Lending: Securities lending involves two primary risks: “investment risk” and “borrower default risk.” When lending securities, the Fund will receive cash or U.S. government securities as collateral. Investment risk is the risk that the Fund will lose money from the investment of the cash collateral received from the borrower. Borrower default risk is the risk that the Fund will lose money due to the failure of a borrower to return a borrowed security. Securities lending may result in leverage. The use of leverage may exaggerate any increase or decrease in the net asset value, causing the Fund to be more volatile. The use of leverage may increase expenses and increase the impact of the Fund’s other risks. | ✔ | ||
Structured Notes: Structured notes are investments, the interest rate or principal of which is linked to currencies, interest rates, commodities, indices, or other financial indicators (each, a “reference instrument”). Structured notes may entail a greater degree of market risk than other types of debt instruments because the investor also bears the risk of the reference instrument. Structured notes may be more volatile, less liquid, and more difficult to accurately price than less complex securities and other types of debt instruments. In addition, structured notes are subject to other risks, including interest rate risk, credit risk, and liquidity risk. | ✔ | ||
Underlying Funds: Because the Fund invests primarily in Underlying Funds, the investment performance of the Fund is directly related to the investment performance of the Underlying Funds in which it invests. When the Fund invests in an Underlying Fund, it is exposed indirectly to the risks of a direct investment in the Underlying Fund. If the Fund invests a significant portion of its assets in a single Underlying Fund, it may be more susceptible to risks associated with that Underlying Fund and its investments than if it invested in a broader range of Underlying Funds. It is possible that more than one Underlying Fund will hold securities of the same issuers, thereby increasing the Fund’s indirect exposure to those issuers. It also is possible that one Underlying Fund may be selling a particular security when another is buying it, producing little or no change in exposure but generating transaction costs and/or resulting in realization of gains with no economic benefit. There can be no assurance that the investment objective of any Underlying Fund will be achieved. In addition, the Fund’s shareholders will indirectly bear their proportionate share of the Underlying Funds’ fees and expenses, in addition to the fees and expenses of the Fund itself. | ✔ | ✔ | |
U.S. Government Securities and Obligations: U.S. government securities are obligations of, or guaranteed by, the U.S. government, its agencies, or government-sponsored enterprises. U.S. government securities are subject to market risk and interest rate risk, and may be subject to varying degrees of credit risk. | ✔ |
Risks | GDP Fund | Global Perspectives Fund | Global Income & Growth Fund |
Value Investing: Securities that appear to be undervalued may never appreciate to the extent expected. Further, because the prices of value-oriented securities tend to correlate more closely with economic cycles than growth-oriented securities, they generally are more sensitive to changing economic conditions, such as changes in market interest rates, corporate earnings and industrial production. The manager may be wrong in its assessment of a company’s value and the securities the Fund holds may not reach their full values. Risks associated with value investing include that a security that is perceived by the manager to be undervalued may actually be appropriately priced and, thus, may not appreciate and provide anticipated capital growth. The market may not favor value-oriented securities and may not favor equities at all. During those periods, the Fund’s relative performance may suffer. There is a risk that funds that invest in value-oriented securities may underperform other funds that invest more broadly. | ✔ |
GDP Fund | Global Perspectives Fund | Global Income & Growth Fund |
Diversification: The Fund may not purchase securities of any issuer if, as a result, with respect to 75% of the Fund’s total assets, more than 5% of the value of its total assets would be invested in the securities of any one issuer or the Fund’s ownership would be more than 10% of the outstanding voting securities of any issuer, provided that this restriction does not limit the Fund’s investments in securities issued or guaranteed by the U.S. government, its agencies and instrumentalities, or investments in securities of other registered management investment companies. | Diversification: The Fund may not purchase securities of any issuer if, as a result, with respect to 75% of the Fund’s total assets, more than 5% of the value of its total assets would be invested in the securities of any one issuer or the Fund’s ownership would be more than 10% of the outstanding voting securities of any issuer, provided that this restriction does not limit the Fund’s investments in securities issued or guaranteed by the U.S. government, its agencies and instrumentalities, or investments in securities of other investment companies. | Diversification: Same as GDP Fund. |
Concentration: The Fund may not purchase any securities which would cause 25% or more of the value of its total assets at the time of purchase to be invested in securities of one or more issuers conducting their principal business activities in the same industry, provided that: (i) there is no limitation with respect to obligations issued or guaranteed by the U.S. government, any state or territory of the United States, or tax exempt securities issued by any of their agencies, instrumentalities, or political subdivisions; and (ii) notwithstanding this limitation or any other fundamental investment limitation, assets may be invested in the securities of one or more registered management investment companies to the extent permitted by the 1940 Act, the rules and regulations thereunder, and any exemptive relief obtained by the Fund. | Concentration: The Fund may not purchase any securities which would cause 25% or more of the value of its total assets at the time of purchase to be invested in securities of one or more issuers conducting their principal business activities in the same industry, provided that: (i) there is no limitation with respect to obligations issued or guaranteed by the U.S. government, or tax exempt securities issued by any state or territory of the United States, or any of their agencies, instrumentalities, or political subdivisions; and (ii) notwithstanding this limitation or any other fundamental investment limitation, assets may be invested in the securities of one or more management investment companies to the extent permitted by the 1940 Act, the rules and regulations thereunder and any exemptive relief obtained by the Fund. | Concentration: Same as GDP Fund. |
Making Loans: The Fund may not make loans, except to the extent permitted under the 1940 Act, including the rules, regulations, interpretations thereunder, and any exemptive relief obtained by the Fund. | Making Loans: The Fund may not make loans, except to the extent permitted under the 1940 Act, including the rules, regulations, interpretations, and any exemptive relief obtained by the Fund. For the purposes of this limitation, entering into repurchase agreements, lending securities, and acquiring debt securities are not deemed to be making of loans. | Making Loans: Same as GDP Fund. |
Issuing Senior Securities: The Fund may not issue senior securities except to the extent permitted by the 1940 Act, the rules and regulations thereunder, and any exemptive relief obtained by the Fund. | Issuing Senior Securities: Same. | Issuing Senior Securities: Same. |
GDP Fund | Global Perspectives Fund | Global Income & Growth Fund |
Purchasing or Selling Real Estate: The Fund may not purchase or sell real estate, except that the Fund may: (i) acquire or lease office space for its own use; (ii) invest in securities of issuers that invest in real estate or interests therein; (iii) invest in mortgage-related securities and other securities that are secured by real estate or interests therein; or (iv) hold and sell real estate acquired by the Fund as a result of the ownership of securities. | Purchasing or Selling Real Estate: Same. | Purchasing or Selling Real Estate: Same. |
Purchasing or Selling Commodities: The Fund may not purchase or sell physical commodities, unless acquired as a result of ownership of securities or other instruments (but this shall not prevent the Fund from purchasing or selling options and futures contracts, or from investing in securities or other instruments backed by physical commodities). This limitation does not apply to foreign currency transactions including, without limitation, forward currency contracts. | Purchasing or Selling Commodities: Same. | Purchasing or Selling Commodities: Same. |
Borrowing: The Fund may not borrow money, except to the extent permitted under the 1940 Act, including the rules, regulations, interpretations thereunder, and any exemptive relief obtained by the Fund. | Borrowing: Same. | Borrowing: Same. |
Underwriting Securities: The Fund may not underwrite any issue of securities within the meaning of the 1933 Act except when it might technically be deemed to be an underwriter either: (i) in connection with the disposition of a portfolio security; or (ii) in connection with the purchase of securities directly from the issuer thereof in accordance with its investment objective. This restriction shall not limit the Fund’s ability to invest in securities issued by other registered management investment companies. | Underwriting Securities: Same. | Underwriting Securities: Same. |
GDP Fund | Global Perspectives Fund | Global Income & Growth Fund |
Class I shares may be purchased without a sales charge by: (1) qualified retirement plans such as 401(a), 401(k), or other defined contribution plans and defined benefit plans; (2) 529 college savings plans; (3) insurance companies and foundations investing for their own account; (4) wrap programs offered by broker-dealers and financial institutions; (5) accounts of, or managed by, trust departments; (6) individuals whose accounts are managed by an investment adviser representative; (7) employees of Voya IM who are eligible to participate in “notional” bonus programs sponsored by Voya IM; (8) retirement plans affiliated with Voya Financial, Inc.; (9) Voya Financial, Inc. affiliates for purposes of corporate cash management; (10) other registered investment companies; (11) shareholders holding Class I shares of other Voya mutual funds as of February 28, 2002, as long as they maintain a shareholder account; and (12) (a) investors purchasing Class I shares through brokerage platforms that invest in the Voya funds’ Class I shares through omnibus accounts and have agreements with the Distributor to offer such shares and (b) such brokerage platforms’ omnibus accounts. An investor transacting in Class I shares on such brokerage platforms may be required to pay a commission and/or other forms of compensation to the broker. | Class I shares may be purchased without a sales charge by: (1) qualified retirement plans such as 401(a), 401(k), or other defined contribution plans and defined benefit plans; (2) 529 college savings plans; (3) insurance companies and foundations investing for their own account; (4) wrap programs offered by broker-dealers and financial institutions; (5) accounts of, or managed by, trust departments; (6) individuals whose accounts are managed by an investment adviser representative; (7) employees of Voya IM who are eligible to participate in “notional” bonus programs sponsored by Voya IM; (8) retirement plans affiliated with Voya Financial, Inc.; (9) Voya Financial, Inc. affiliates for purposes of corporate cash management; (10) other registered investment companies; and (11) (a) investors purchasing Class I shares through brokerage platforms that invest in the Voya funds’ Class I shares through omnibus accounts and have agreements with the Distributor to offer such shares and (b) such brokerage platforms’ omnibus accounts. An investor transacting in Class I shares on such brokerage platforms may be required to pay a commission and/or other forms of compensation to the broker. | Class I shares may be purchased without a sales charge by: (1) qualified retirement plans such as 401(a), 401(k), or other defined contribution plans and defined benefit plans; (2) 529 college savings plans; (3) insurance companies and foundations investing for their own account; (4) wrap programs offered by broker-dealers and financial institutions; (5) accounts of, or managed by, trust departments; (6) individuals whose accounts are managed by an investment adviser representative; (7) employees of Voya IM who are eligible to participate in “notional” bonus programs sponsored by Voya IM; (8) retirement plans affiliated with Voya Financial, Inc.; (9) Voya Financial, Inc. affiliates for purposes of corporate cash management; (10) other registered investment companies; (11) members of the Investment Adviser’s Multi-Asset Strategies & Solutions team purchasing shares of Voya Multi-Manager Mid Cap Value Fund; and (12) (a) investors purchasing Class I shares through brokerage platforms that invest in the Voya funds’ Class I shares through omnibus accounts and have agreements with the Distributor to offer such shares and (b) such brokerage platforms’ omnibus accounts. An investor transacting in Class I shares on such brokerage platforms may be required to pay a commission and/or other forms of compensation to the broker. |
(as of December 31 of each year)
Average Annual Total Returns % (for the periods ended December 31, 2023) |
1 Year | 5 Years | 10 Years | Since Inception | Inception Date | ||
Class A before taxes | % | 7.93 | 4.28 | 3.30 | N/A | 07/01/08 |
After tax on distributions | % | 7.03 | 2.77 | 1.85 | N/A | |
After tax on distributions with sale | % | 5.03 | 3.01 | 2.17 | N/A | |
MSCI ACWI1, 3 | % | 22.20 | 11.72 | 7.93 | N/A | |
Bloomberg U.S. Aggregate Bond Index1, 3 | % | 5.53 | 1.10 | 1.81 | N/A | |
S&P Target Risk® Moderate Index2 | % | 12.41 | 5.66 | 4.48 | N/A | |
60% MSCI ACWI; 40% Bloomberg U.S. Aggregate Bond Index3 | % | 15.37 | 7.67 | 5.68 | N/A | |
Class C before taxes | % | 12.82 | 4.75 | 3.30 | N/A | 08/29/08 |
MSCI ACWI1, 3 | % | 22.20 | 11.72 | 7.93 | N/A | |
Bloomberg U.S. Aggregate Bond Index1, 3 | % | 5.53 | 1.10 | 1.81 | N/A | |
S&P Target Risk® Moderate Index2 | % | 12.41 | 5.66 | 4.48 | N/A | |
60% MSCI ACWI; 40% Bloomberg U.S. Aggregate Bond Index3 | % | 15.37 | 7.67 | 5.68 | N/A | |
Class I before taxes | % | 14.96 | 5.84 | 4.23 | N/A | 07/01/08 |
MSCI ACWI1, 3 | % | 22.20 | 11.72 | 7.93 | N/A | |
Bloomberg U.S. Aggregate Bond Index1, 3 | % | 5.53 | 1.10 | 1.81 | N/A | |
S&P Target Risk® Moderate Index2 | % | 12.41 | 5.66 | 4.48 | N/A | |
60% MSCI ACWI; 40% Bloomberg U.S. Aggregate Bond Index3 | % | 15.37 | 7.67 | 5.68 | N/A | |
Class R before taxes | % | 14.43 | 5.30 | 3.70 | N/A | 08/05/11 |
MSCI ACWI1, 3 | % | 22.20 | 11.72 | 7.93 | N/A |
1 Year | 5 Years | 10 Years | Since Inception | Inception Date | ||
Bloomberg U.S. Aggregate Bond Index1, 3 | % | 5.53 | 1.10 | 1.81 | N/A | |
S&P Target Risk® Moderate Index2 | % | 12.41 | 5.66 | 4.48 | N/A | |
60% MSCI ACWI; 40% Bloomberg U.S. Aggregate Bond Index3 | % | 15.37 | 7.67 | 5.68 | N/A | |
Class R6 before taxes | % | 14.98 | 5.81 | 4.21 | N/A | 02/28/18 |
MSCI ACWI1, 3 | % | 22.20 | 11.72 | 7.93 | N/A | |
Bloomberg U.S. Aggregate Bond Index1, 3 | % | 5.53 | 1.10 | 1.81 | N/A | |
S&P Target Risk® Moderate Index2 | % | 12.41 | 5.66 | 4.48 | N/A | |
60% MSCI ACWI; 40% Bloomberg U.S. Aggregate Bond Index3 | % | 15.37 | 7.67 | 5.68 | N/A | |
Class W before taxes | % | 15.06 | 5.80 | 4.20 | N/A | 07/01/08 |
MSCI ACWI1, 3 | % | 22.20 | 11.72 | 7.93 | N/A | |
Bloomberg U.S. Aggregate Bond Index1, 3 | % | 5.53 | 1.10 | 1.81 | N/A | |
S&P Target Risk® Moderate Index2 | % | 12.41 | 5.66 | 4.48 | N/A | |
60% MSCI ACWI; 40% Bloomberg U.S. Aggregate Bond Index3 | % | 15.37 | 7.67 | 5.68 | N/A |
(as of December 31 of each year)
Average Annual Total Returns % (for the periods ended December 31, 2023) |
1 Year | 5 Years | 10 Years | Since Inception | Inception Date | ||
Class A before taxes | % | 4.44 | 3.70 | 3.04 | N/A | 03/28/13 |
After tax on distributions | % | 3.65 | 2.08 | 1.66 | N/A | |
After tax on distributions with sale | % | 2.86 | 2.46 | 1.97 | N/A | |
MSCI ACWI1, 2 | % | 22.20 | 11.72 | 7.93 | N/A | |
Bloomberg U.S. Aggregate Bond Index1, 3 | % | 5.53 | 1.10 | 1.81 | N/A | |
S&P Target Risk® Growth Index2 | % | 15.38 | 7.73 | 5.96 | N/A | |
Class C before taxes | % | 8.97 | 4.12 | 3.03 | N/A | 03/28/13 |
MSCI ACWI1, 2 | % | 22.20 | 11.72 | 7.93 | N/A | |
Bloomberg U.S. Aggregate Bond Index1, 3 | % | 5.53 | 1.10 | 1.81 | N/A | |
S&P Target Risk® Growth Index2 | % | 15.38 | 7.73 | 5.96 | N/A | |
Class I before taxes | % | 11.04 | 5.19 | 3.91 | N/A | 03/28/13 |
MSCI ACWI1, 2 | % | 22.20 | 11.72 | 7.93 | N/A |
1 Year | 5 Years | 10 Years | Since Inception | Inception Date | ||
Bloomberg U.S. Aggregate Bond Index1, 3 | % | 5.53 | 1.10 | 1.81 | N/A | |
S&P Target Risk® Growth Index2 | % | 15.38 | 7.73 | 5.96 | N/A | |
Class R before taxes | % | 10.52 | 4.66 | 3.39 | N/A | 03/28/13 |
MSCI ACWI1, 2 | % | 22.20 | 11.72 | 7.93 | N/A | |
Bloomberg U.S. Aggregate Bond Index1, 3 | % | 5.53 | 1.10 | 1.81 | N/A | |
S&P Target Risk® Growth Index2 | % | 15.38 | 7.73 | 5.96 | N/A | |
Class W before taxes | % | 11.01 | 5.17 | 3.91 | N/A | 03/28/13 |
MSCI ACWI1, 2 | % | 22.20 | 11.72 | 7.93 | N/A | |
Bloomberg U.S. Aggregate Bond Index1, 3 | % | 5.53 | 1.10 | 1.81 | N/A | |
S&P Target Risk® Growth Index2 | % | 15.38 | 7.73 | 5.96 | N/A |
(as of December 31 of each year)
Average Annual Total Returns % (for the periods ended December 31, 2023) |
1 Year | 5 Years | 10 Years | Since Inception | Inception Date | ||
Class A before taxes | % | 8.31 | 5.11 | 3.87 | N/A | 01/20/97 |
After tax on distributions | % | 7.54 | 3.58 | 2.69 | N/A | |
After tax on distributions with sale | % | 5.28 | 3.66 | 2.74 | N/A | |
MSCI ACWI1,4 | % | 22.20 | 11.72 | 7.93 | N/A | |
Bloomberg Global Aggregate Index2,3 | % | 5.72 | (0.32) | 0.38 | N/A | |
MSCI World IndexSM 1,4 | % | 23.79 | 12.80 | 8.60 | N/A |
1 Year | 5 Years | 10 Years | Since Inception | Inception Date | ||
S&P Target Risk® Growth Index4 | % | 15.38 | 7.73 | 5.96 | N/A | |
Class C before taxes | % | 13.06 | 5.56 | 3.87 | N/A | 06/30/98 |
MSCI ACWI1,4 | % | 22.20 | 11.72 | 7.93 | N/A | |
Bloomberg Global Aggregate Index2,3 | % | 5.72 | (0.32) | 0.38 | N/A | |
MSCI World IndexSM 1,4 | % | 23.79 | 12.80 | 8.60 | N/A | |
S&P Target Risk® Growth Index4 | % | 15.38 | 7.73 | 5.96 | N/A | |
Class I before taxes | % | 15.28 | 6.63 | 4.75 | N/A | 01/04/95 |
MSCI ACWI1,4 | % | 22.20 | 11.72 | 7.93 | N/A | |
Bloomberg Global Aggregate Index2,3 | % | 5.72 | (0.32) | 0.38 | N/A | |
MSCI World IndexSM 1,4 | % | 23.79 | 12.80 | 8.60 | N/A | |
S&P Target Risk® Growth Index4 | % | 15.38 | 7.73 | 5.96 | N/A | |
Class R6 before taxes | % | 15.25 | 6.71 | 4.66 | N/A | 09/29/17 |
MSCI ACWI1,4 | % | 22.20 | 11.72 | 7.93 | N/A | |
Bloomberg Global Aggregate Index2,3 | % | 5.72 | (0.32) | 0.38 | N/A | |
MSCI World IndexSM 1,4 | % | 23.79 | 12.80 | 8.60 | N/A | |
S&P Target Risk® Growth Index4 | % | 15.38 | 7.73 | 5.96 | ||
Class W before taxes | % | 15.31 | 6.63 | 4.76 | N/A | 08/05/11 |
MSCI ACWI1,4 | % | 22.20 | 11.72 | 7.93 | N/A | |
Bloomberg Global Aggregate Index2,3 | % | 5.72 | (0.32) | 0.38 | N/A | |
MSCI World IndexSM 1,4 | % | 23.79 | 12.80 | 8.60 | N/A | |
S&P Target Risk® Growth Index4 | % | 15.38 | 7.73 | 5.96 | N/A |
GDP Fund | Global Perspectives Fund | Global Income & Growth Fund | |
Investment Adviser | Voya Investments, LLC | Same | Same |
Management Fee (as a percentage of average daily net assets) | Direct Investments1 0.400% Underlying Funds2 0.180% | Direct Investments3 0.400% Underlying Funds2 0.200% | Direct Investments4 0.750% Underlying Funds2 0.180% Other Investments5 0.400% |
Sub-Adviser | Voya Investment Management Co. LLC | Same | Same |
Sub-Advisory Fee (as a percentage of average daily net assets) | Direct Investments1 0.1350% Underlying Funds6 0.0360% | Direct Investments3 0.1350% Underlying Funds6 0.0450% | Direct Investments4 0.3375% Underlying Funds6 0.0200% Other Investments5 0.1350% |
GDP Fund | Global Perspectives Fund | Global Income & Growth Fund | |
Portfolio Managers | Lanyon Blair, CFA, CAIA (since 05/23) Barbara Reinhard, CFA (since 05/18) | Lanyon Blair, CFA, CAIA (since 05/23) Barbara Reinhard, CFA (since 05/23) | Justin Kass, CFA (since 05/24) David Oberto (since 05/24) Ethan Turner, CFA (since 05/24) Michael Yee (since 05/24) |
Distributor | Voya Investments Distributor, LLC | Same | Same |
GDP Fund and Global Perspectives Fund | Global Income & Growth Fund |
Election of Trustees: Trustees may be elected by shareholders of at least a majority of holders of record of Interests (as defined herein) in the Trust (“Holders”) entitled to vote, acting at a meeting, or to the extent permitted by the 1940 Act, by a majority vote of the Trustees continuing in office acting by written instrument or instruments. | Election of Trustees: Trustees must be elected by the Shareholders owning of record a plurality of the Shares voted in person or by proxy at a meeting of Shareholders. |
Removal of Trustees: Any of the Trustees may be removed with or without cause by the affirmative vote of the Holders of two-thirds of the units of interest into which the beneficial interest in the Trust each series of the Trust shall be divided from time to time (“Interests”) or, with cause, by two-thirds of the remaining Trustees (provided the aggregate number of Trustees is not less than the number required by the Declaration of Trust). | Removal of Trustees: Any Trustee may be removed at any meeting of Shareholders by vote of two-thirds of the Outstanding Shares. |
Meetings of Shareholders: Meetings of the Holders may be called at any time by a majority of the Trustees and shall be called by any Trustee upon written request of Holders holding, in the aggregate, not less than 10% of the Interests, such request specifying the purpose or purposes for which such meeting is to be called. | Meetings of Shareholders: Meetings of Shareholders may be called at any time by the President, and shall be called by the President and Secretary at the request in writing or by resolution, of a majority of Trustees, or at the written request of the holder or holders of ten percent (10%) or more of the total number of Shares then issued and outstanding of the Trust entitled to vote at such meeting. |
Liquidation: The Trust may be terminated: (i) by the affirmative vote of the Holders of not less than two-thirds of the Interests in the Trust at any meeting of the Holders; (ii) by an instrument in writing, without a meeting, signed by a majority of the Trustees and consented to by the Holders of not less than two-thirds of such Interests; or (iii) by the Trustees by written notice to the Holders. | Liquidation: The Trust or any Series of the Trust may be terminated by a majority of the Trustees, or by the affirmative vote of the holders a majority of the Shares of the Trust or Series outstanding and entitled to vote, at any meeting of Shareholders. |
GDP Fund and Global Perspectives Fund | Global Income & Growth Fund |
Merger: The Trust, or any series thereof, may merge or consolidate with any other corporation, association, trust or other organization or may sell, lease or exchange all or substantially all of its property, including its goodwill, upon such terms and conditions and for such consideration when and as authorized by no less than a majority of the Trustees and by a vote, at a meeting of the Holders of (i) 67% or more of the outstanding Interests present or represented at such meeting, provided the Holders of more than 50% of the outstanding Interests are present or represented by proxy or (ii) more than 50% of the outstanding Interests of the Trust or such series, as the case may be, or by an instrument or instruments in writing without a meeting, consented to by the Holders of not less than 50% of the total Interests of the Trust or such series, as the case may be, and any such merger, consolidation, sale, lease or exchange shall be deemed for all purposes to have been accomplished under and pursuant to the statutes of the State of Delaware. | Merger: The Trust or any Series thereof may merge or consolidate with any other corporation, association, trust or other organization or may sell, lease or exchange all or substantially all of the Trust Property or the property of any Series, including its good will, upon such terms and conditions and for such consideration when and as authorized at any meeting of Shareholders of the Trust or Series called for the purpose by the affirmative vote of the holders of a majority of the Shares of the Trust or Series voted in person or by proxy at such meeting. |
Amendment of Organizational Documents: The provisions of the Declaration of Trust (whether or not related to the rights of Holders) may be amended at any time, so long as such amendment is not in contravention of applicable law, including the 1940 Act, by an instrument in writing signed by a majority of the then Trustees (or by an officer of the Trust pursuant to the vote of a majority of such Trustees). No amendment may be made which would change any rights with respect to any Interest in the Trust by reducing the amount payable thereon upon liquidation of the Trust, by repealing the limitations on personal liability of any Holder or Trustee, or by diminishing or eliminating any voting rights pertaining thereto, except with a vote, at a meeting of the Holders, of the lesser of (i) 67% or more of the outstanding Interests present or represented at such meeting, provided the Holders of more than 50% of the outstanding Interests are present or represented by proxy or (ii) more than 50% of the outstanding Interests. The Trustees have the power to amend the By-Laws. | Amendment of Organizational Documents: The Declaration may be amended by a vote of the holders of a majority of the Shares of the Trust voted in person or by proxy at a meeting of Shareholders. No amendment may be made which would change any rights with respect to any Shares of the Trust or Series by reducing the amount payable thereon upon liquidation of the Trust or Series or by diminishing or eliminating any voting rights pertaining thereto, except with the vote or consent of the holders of two-thirds of the Shares of the Trust or Series outstanding and entitled to vote. Both shareholders and the Trustees have the power to amend the By-Laws. |
GDP Fund(1) | Global Perspectives Fund(1) | Global Income & Growth Fund(1) | Pro Forma Adjustments | Global Income & Growth Fund Pro Forma(1) | ||
Class A | ||||||
Net Assets | $ | 159,089,113 | 81,677,110 | 107,547,889 | 15,951,298(A)(C) | 364,265,410 |
Shares Outstanding | 23,856,374 | 7,949,484 | 9,259,970 | (9,694,099)(B) | 31,371,729 | |
Net Asset Value Per Share | $ | 6.67 | 10.27 | 11.61 | - | 11.61 |
Class C | ||||||
Net Assets | $ | 21,261,487 | 1,310,644 | 1,076,382 | (5,262)(A) | 23,643,251 |
Shares Outstanding | 3,053,854 | 128,247 | 90,618 | (1,282,533)(B) | 1,990,186 | |
Net Asset Value Per Share | $ | 6.96 | 10.22 | 11.88 | - | 11.88 |
Class I | ||||||
Net Assets | $ | 67,690,700 | 3,022,432 | 18,042,641 | (16,474)(A) | 88,739,299 |
Shares Outstanding | 10,246,137 | 292,501 | 1,519,018 | (4,587,741)(B) | 7,469,915 | |
Net Asset Value Per Share | $ | 6.61 | 10.33 | 11.88 | - | 11.88 |
Class R | ||||||
Net Assets | $ | 35,439 | 15,976,653 | N/A | (16,012,092)(A)(C) | - |
Shares Outstanding | 5,276 | 1,556,231 | N/A | (1,561,507)(C) | - | |
Net Asset Value Per Share | $ | 6.72 | 10.27 | N/A | - | - |
Class R6 | ||||||
Net Assets | $ | 272,576 | N/A | 876,364 | (63)(A) | 1,148,876 |
Shares Outstanding | 41,283 | N/A | 73,488 | (18,440)(B) | 96,331 | |
Net Asset Value Per Share | $ | 6.60 | N/A | 11.93 | - | 11.93 |
Class W | ||||||
Net Assets | $ | 16,193,269 | 12,894,825 | 101,295 | (6,908)(A) | 29,182,481 |
Shares Outstanding | 2,466,236 | 1,243,998 | 8,541 | (1,258,195)(B) | 2,460,581 | |
Net Asset Value Per Share | $ | 6.57 | 10.37 | 11.86 | - | 11.86 |
Class | Shares Outstanding |
A | 23,788,454.319 |
C | 3,012,753.867 |
I | 10,287,756.581 |
R | 5,304.441 |
R6 | 41,996.556 |
W | 2,467,174.241 |
Total | 39,603,440.005 |
Class | Shares Outstanding |
A | 7,895,696.329 |
C | 126,630.915 |
I | 291,105.043 |
R | 1,536,263.130 |
W | 1,226,293.669 |
Total | 11,075,989.086 |
Secretary
Scottsdale, AZ 85258-2034
Disappearing Fund Share Class | Surviving Fund Share Class |
A | A |
C | C |
I | I |
R | A |
R6 | R6 |
W | W |
7337 E. Doubletree Ranch Road
Suite 100
Scottsdale, AZ 85258-2034
Attn: Joanne F. Osberg
Ropes & Gray LLP
Prudential Tower
800 Boylston Street
Boston, MA 02199-3600
Attn: Elizabeth Reza
7337 E. Doubletree Ranch Road
Suite 100
Scottsdale, AZ 85258-2034
Attn: Joanne F. Osberg
Ropes & Gray LLP
Prudential Tower
800 Boylston Street
Boston, MA 02199-3600
Attn: Elizabeth Reza
Disappearing Fund Share Class | Surviving Fund Share Class |
A | A |
C | C |
I | I |
R | A |
W | W |
7337 E. Doubletree Ranch Road
Suite 100
Scottsdale, AZ 85258-2034
Attn: Joanne F. Osberg
Ropes & Gray LLP
Prudential Tower
800 Boylston Street
Boston, MA 02199-3600
Attn: Elizabeth Reza
7337 E. Doubletree Ranch Road
Suite 100
Scottsdale, AZ 85258-2034
Attn: Joanne F. Osberg
Ropes & Gray LLP
Prudential Tower
800 Boylston Street
Boston, MA 02199-3600
Attn: Elizabeth Reza
Your Investment | As a % of the offering price | As a % of net asset value |
Less than $50,000 | 5.75 | 6.10 |
$50,000 - $99,999 | 4.50 | 4.71 |
$100,000 - $249,999 | 3.50 | 3.63 |
$250,000 - $499,999 | 2.50 | 2.56 |
$500,000 - $999,999 | 2.00 | 2.04 |
$1,000,000 and over1 | N/A | N/A |
Years after purchase | CDSC on shares being sold |
1st year | 1.00% |
After 1st year | None |
Minimum Investments | Class | Initial Purchase | Subsequent Purchases |
Non-retirement accounts | A/C/W I1 R6 | $1,000 $250,000 $1,000,000 | No minimum |
Retirement accounts | A/C I1 R6 W | $250 $250,000 No minimum $1,000 | No minimum |
Pre-authorized investment plan | A/C/W I1 | $1,000 $250,000 | At least $100/month |
Certain omnibus accounts | A/C | $250 | No minimum |
Buying Shares | Opening an Account | Adding to an Account |
By Contacting Your Financial Intermediary | A financial intermediary with an authorized firm can help you establish and maintain your account. | Contact your financial intermediary. |
By Mail | Make your check payable to Voya Investment Management and mail it with a completed Account Application. Please indicate your financial intermediary on the New Account Application. | Fill out the Account Additions form at the bottom of your account statement and mail it along with your check payable to Voya Investment Management to the address on the account statement. Please write your account number on the check. |
By Wire | Call Shareholder Services at 1-800-992-0180 to obtain an account number and indicate your financial intermediary on the account. Instruct your bank to wire funds to the Fund in the care of: Bank of New York Mellon ABA # 011001234 credit to: BNY Mellon Investment Servicing (US) Inc. as Agent for Voya mutual funds A/C #0000733938; for further credit to Shareholder A/C # (A/C # you received over the telephone) Shareholder Name: (Your Name Here) After wiring funds you must complete the Account Application and send it to: Voya Investment Management P.O. Box 534480 Pittsburgh, PA 15253-4480 | Wire the funds in the same manner described under “Opening an Account.” |
Selling Shares | To Sell Some or All of Your Shares |
By Contacting Your Financial Intermediary | You may sell shares by contacting your financial intermediary. Financial intermediaries may charge for their services in connection with your redemption request but neither the Fund nor the Distributor imposes any such charge. |
Selling Shares | To Sell Some or All of Your Shares |
By Mail | Send a written request specifying the Fund name and share class, your account number, the name(s) in which the account is registered, and the dollar value or number of shares you wish to redeem to: Voya Investment Management P.O. Box 534480 Pittsburgh, PA 15253-4480 If certificated shares have been issued, the certificate must accompany the written request. Corporate investors and other associations must have an appropriate certification on file authorizing redemptions. A suggested form of such certification is provided on the Account Application. A signature guarantee may be required. |
By Telephone - Expedited Redemption | You may sell shares by telephone on all accounts, other than retirement accounts, unless you check the box on the Account Application which signifies that you do not wish to use telephone redemptions. To redeem by telephone, call a Shareholder Services Representative at 1-800-992-0180. Receiving Proceeds By Check: You may have redemption proceeds (up to a maximum of $10,000,000) mailed to an address which has been on record with Voya Investment Management for at least 30 days. Receiving Proceeds By Wire: You may have redemption proceeds (up to a maximum of $10,000,000) wired to your pre-designated bank account. You will not be able to receive redemption proceeds by wire unless you check the box on the Account Application which signifies that you wish to receive redemption proceeds by wire and attach a voided check. Under normal circumstances, proceeds will be transmitted to your bank on the Business Day following receipt of your instructions, provided redemptions may be made. In the event that share certificates have been issued, you may not request a wire redemption by telephone. |
Fund | Class A | Class C | Class I | Class R6 | Class W |
Global Income & Growth Fund | 0.25% | 1.00% | N/A | N/A | N/A |
Income (loss) from investment operations | Less distributions | Ratios to average net assets | Supplemental data | ||||||||||||||
Net asset value, beginning of year or period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | From net investment income | From net realized gains | From return of capital | Total distributions | Payment from affiliate | Net asset value, end of year or period | Total Return(1) | Expenses before reductions/additions(2)(3) | Expenses, net of fee waivers and/or recoupments, if any(2)(3) | Expenses, net of all reductions/additions(2)(3) | Net investment income (loss)(2)(3) | Net assets, end of year or period | Portfolio turnover rate | |
Year or Period ended | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ($) | (%) | (%) | (%) | (%) | (%) | ($000's) | (%) |
Voya Global Income & Growth Fund | |||||||||||||||||
Class A | |||||||||||||||||
11-30-23+ | 10.26 | 0.06• | 0.49 | 0.55 | — | — | — | — | — | 10.81 | 5.36 | 0.86 | 0.70 | 0.70 | 1.11 | 103,567 | 4 |
05-31-23 | 11.09 | 0.16• | (0.59) | (0.43) | 0.11 | 0.29 | — | 0.40 | — | 10.26 | (3.69) | 0.88 | 0.72 | 0.72 | 1.57 | 102,002 | 38 |
05-31-22 | 13.66 | 0.16• | (1.30) | (1.14) | 0.47 | 0.96 | — | 1.43 | — | 11.09 | (9.86) | 0.86 | 0.70 | 0.70 | 1.20 | 114,575 | 44 |
05-31-21 | 10.58 | 0.18• | 3.21 | 3.39 | 0.31 | — | — | 0.31 | — | 13.66 | 32.20 | 0.90 | 0.65 | 0.65 | 1.49 | 134,478 | 38 |
05-31-20 | 11.12 | 0.27• | (0.09) | 0.18 | 0.22 | 0.50 | — | 0.72 | — | 10.58 | 1.05 | 0.88 | 0.59 | 0.59 | 2.41 | 109,357 | 47 |
05-31-19 | 11.93 | 0.19• | (0.49) | (0.30) | 0.26 | 0.25 | — | 0.51 | — | 11.12 | (2.24) | 0.80 | 0.58 | 0.58 | 1.69 | 111,044 | 118 |
Class C | |||||||||||||||||
11-30-23+ | 10.48 | 0.02• | 0.50 | 0.52 | — | — | — | — | — | 11.00 | 4.96 | 1.61 | 1.45 | 1.45 | 0.36 | 1,030 | 4 |
05-31-23 | 11.31 | 0.08• | (0.60) | (0.52) | 0.02 | 0.29 | — | 0.31 | — | 10.48 | (4.48) | 1.63 | 1.47 | 1.47 | 0.81 | 1,126 | 38 |
05-31-22 | 13.85 | 0.05• | (1.32) | (1.27) | 0.31 | 0.96 | — | 1.27 | — | 11.31 | (10.50) | 1.61 | 1.45 | 1.45 | 0.38 | 1,426 | 44 |
05-31-21 | 10.70 | 0.09• | 3.25 | 3.34 | 0.19 | — | — | 0.19 | — | 13.85 | 31.29 | 1.65 | 1.40 | 1.40 | 0.69 | 2,863 | 38 |
05-31-20 | 11.22 | 0.24• | (0.15) | 0.09 | 0.11 | 0.50 | — | 0.61 | — | 10.70 | 0.31 | 1.63 | 1.34 | 1.34 | 2.07 | 3,058 | 47 |
05-31-19 | 12.00 | 0.10 | (0.49) | (0.39) | 0.14 | 0.25 | — | 0.39 | — | 11.22 | (2.99) | 1.55 | 1.33 | 1.33 | 0.83 | 11,076 | 118 |
Class I | |||||||||||||||||
11-30-23+ | 10.48 | 0.07• | 0.51 | 0.58 | — | — | — | — | — | 11.06 | 5.54 | 0.56 | 0.45 | 0.45 | 1.36 | 14,759 | 4 |
05-31-23 | 11.33 | 0.19• | (0.61) | (0.42) | 0.14 | 0.29 | — | 0.43 | — | 10.48 | (3.52) | 0.58 | 0.47 | 0.47 | 1.85 | 14,992 | 38 |
05-31-22 | 13.92 | 0.19• | (1.31) | (1.12) | 0.51 | 0.96 | — | 1.47 | — | 11.33 | (9.60) | 0.56 | 0.45 | 0.45 | 1.42 | 14,443 | 44 |
05-31-21 | 10.77 | 0.21• | 3.27 | 3.48 | 0.33 | — | — | 0.33 | — | 13.92 | 32.57 | 0.60 | 0.40 | 0.40 | 1.69 | 16,811 | 38 |
05-31-20 | 11.31 | 0.31• | (0.10) | 0.21 | 0.25 | 0.50 | — | 0.75 | — | 10.77 | 1.28 | 0.57 | 0.34 | 0.34 | 2.68 | 11,115 | 47 |
05-31-19 | 12.11 | 0.22 | (0.50) | (0.28) | 0.27 | 0.25 | — | 0.52 | — | 11.31 | (2.01) | 0.53 | 0.33 | 0.33 | 1.82 | 11,885 | 118 |
Class R6 | |||||||||||||||||
11-30-23+ | 10.52 | 0.07• | 0.51 | 0.58 | — | — | — | — | — | 11.10 | 5.51 | 0.46 | 0.45 | 0.45 | 1.37 | 672 | 4 |
05-31-23 | 11.37 | 0.20• | (0.62) | (0.42) | 0.14 | 0.29 | — | 0.43 | — | 10.52 | (3.49) | 0.50 | 0.47 | 0.47 | 1.87 | 640 | 38 |
05-31-22 | 13.96 | 0.19• | (1.31) | (1.12) | 0.51 | 0.96 | — | 1.47 | — | 11.37 | (9.54) | 1.11 | 0.45 | 0.45 | 1.47 | 637 | 44 |
05-31-21 | 10.81 | 0.19• | 3.30 | 3.49 | 0.34 | — | — | 0.34 | — | 13.96 | 32.52 | 1.17 | 0.40 | 0.40 | 1.49 | 611 | 38 |
05-31-20 | 11.35 | 0.29 | (0.07) | 0.22 | 0.26 | 0.50 | — | 0.76 | — | 10.81 | 1.35 | 1.22 | 0.34 | 0.34 | 2.53 | 50 | 47 |
05-31-19 | 12.04 | 0.21 | (0.52) | (0.31) | 0.13 | 0.25 | — | 0.38 | — | 11.35 | (2.36) | 1.34 | 0.33 | 0.33 | 1.81 | 3 | 118 |
Class W | |||||||||||||||||
11-30-23+ | 10.46 | 0.07• | 0.51 | 0.58 | — | — | — | — | — | 11.04 | 5.55 | 0.61 | 0.45 | 0.45 | 1.37 | 103 | 4 |
05-31-23 | 11.31 | 0.19• | (0.61) | (0.42) | 0.14 | 0.29 | — | 0.43 | — | 10.46 | (3.52) | 0.63 | 0.47 | 0.47 | 1.82 | 116 | 38 |
05-31-22 | 13.90 | 0.19• | (1.31) | (1.12) | 0.51 | 0.96 | — | 1.47 | — | 11.31 | (9.61) | 0.61 | 0.45 | 0.45 | 1.45 | 123 | 44 |
05-31-21 | 10.75 | 0.22• | 3.26 | 3.48 | 0.33 | — | — | 0.33 | — | 13.90 | 32.60 | 0.65 | 0.40 | 0.40 | 1.72 | 134 | 38 |
05-31-20 | 11.30 | 0.32• | (0.12) | 0.20 | 0.25 | 0.50 | — | 0.75 | — | 10.75 | 1.22 | 0.63 | 0.34 | 0.34 | 2.79 | 171 | 47 |
05-31-19 | 12.10 | 0.22 | (0.50) | (0.28) | 0.27 | 0.25 | — | 0.52 | — | 11.30 | (2.00) | 0.55 | 0.33 | 0.33 | 1.77 | 118 | 118 |
Name and Address of Shareholder | Percent of Class of Shares and Type of Ownership | Percentage of Fund | Percentage of Combined Fund After the Reorganization* |
National Financial Services LLC For Exl Benefit of our Customers 499 Washington BLVD Fl 5 Jersey City, NJ 07310-2010 | 8.1% Class A; Beneficial | 4.9% | 3.1% |
Pershing LLC 1 Pershing Plaza Jersey City, NJ 07399-0001 | 7.5% Class A; 8.6% Class C; 9.4% Class I; 64.6% Class W; Beneficial | 11.6% | 7.7% |
Morgan Stanley Smith Barney LLC For the Exclusive Benefit of its Customers 1 New York Plaza Fl 12 New York, NY 10004-1901 | 8.9% Class A; 8.7%Class C; 43.0% Class I; Beneficial | 17.2% | 17.8% |
Wells Fargo Clearing Svcs LLC A/C 1699-0135 2801 Market Street Saint Louis, MO 63103 | 9.4% Class A; 41.3% Class C; 12.1% Class I; Beneficial | 11.9% | 7.6% |
LPL Financial Omnibus Customer Account Attn Lindsey O’Toole 4707 Executive Drive San Diego, CA 92121 | 6.5% Class A; 14.7% Class C; Beneficial | 5.0% | 3.8% |
Raymond James Omnibus for Mutual Funds House Acc Firm 92500015 Attn Courtney Waller 880 Carillion Parkway St Petersburgh, FL 33716 | 30.0% Class A; 10.3% Class C; 7.3% Class I; 59.6% Class R; Beneficial | 20.7% | 13.2% |
Voya Institutional Trust Company 1 Orange Way Windsor, CT 06095-47773 | 11.1% Class A; Beneficial | 6.7% | 19.7% |
UBS WM USA 000 11011 6100 Spec CDY A/C Exl Ben Customers of UBSFSI 1000 Harbor Blvd Weehawken, NJ 07086 | 9.9% Class I; 40.4% Class R; Beneficial | 2.6% | 1.7% |
RBC Capital Markets LLC Mutual Fund Omnibus Processing Omnibus Attn Mutual Fund Ops Manager 250 Nicollet Mall Suite 1400 Minneapolis, MN 55401-1931 | 5.6% Class I; Beneficial | 1.5% | 1.0% |
Charles Schwab & Co Inc Special Custody Acct FBO Customers Attn Mutual Funds 101 Montgomery St San Francisco, CA 94104-4122 | 98.6% Class R6; Beneficial | 0.1% | 0.1% |
Charles Schwab & Co Inc Special Custody Acct FBO Customers Attn Mutual Funds 211 Main St San Francisco, CA 94105 | 5.3% Class W; Beneficial | 0.3% | 0.2% |
Name and Address of Shareholder | Percent of Class of Shares and Type of Ownership | Percentage of Fund | Percentage of Combined Fund After the Reorganization* |
Voya Institutional Trust Company 1 Orange Way Windsor, CT 06095-47773 | 89.4% Class A; 5.0% Class I; 99.9% Class R; 78.5% Class W; Beneficial | 86.4% | 19.7% |
Peter F. Sisson Todd Andrew Sisson Tod Danielle Sisson Subject to STA TOD Rules 28 Brownell Rd Little Compton, RI 02837-1502 | 5.5% Class C; Direct | 0.1% | 0.0% |
Pershing LLC 1 Pershing Plaza Jersey City, NJ 07399-0001 | 47.7% Class C; 7.3% Class W; Beneficial | 1.4% | 7.7 |
LPL Financial Omnibus Customer Account Attn Lindsey O’Toole 4707 Executive Drive San Diego, CA 92121 | 72.5% Class I; 12.5% Class W; Beneficial | 3.3% | 3.8% |
RBC Capital Markets LLC Mutual Fund Omnibus Processing Omnibus Attn Mutual Fund Ops Manager 250 Nicollet Mall Suite 1400 Minneapolis, MN 55401-1931 | 7.3% Class I; Beneficial | 0.2% | 1.0% |
American Enterprise Investments Svc (FBO) 41999970 702 2nd Ave South Minneapolis, MN 55402-2405 | 8.5% Class C; 5.2% Class I; Beneficial | 0.2% | 0.0% |
Tamara Ann Chambers Tod Charles Chambers 1018 E Hampton Pearland, TX 77584-0000 | 5.8% Class C; Direct | 0.0% | 0.0% |
Name and Address of Shareholder | Percent of Class of Shares and Type of Ownership | Percentage of Fund | Percentage of Combined Fund After the Reorganization* |
Morgan Stanley Smith Barney LLC For the Exclusive Benefit of its Customers 1 New York Plaza Fl 12 New York, NY 10004-1901 | 43.5% Class A; Beneficial | 37.3% | 17.8% |
Voya Institutional Trust Company Attn Gordon Elrod 151 Farmington Ave Hartford, CT 06101 | 5.3% Class A; Beneficial | 4.5% | 0.8% |
BNYM I S Trust Co Cust Simple IRA U/A 10/04/2000 Eric Schwartzreich 150 Swan Ave Plantation, FL 33324-2102 | 13.4% Class C; Beneficial | 0.1% | 0.0% |
Name and Address of Shareholder | Percent of Class of Shares and Type of Ownership | Percentage of Fund | Percentage of Combined Fund After the Reorganization* |
UBS WM USA 000 11011 6100 Spec CDY A/C Exl Ben Customers of UBSFSI 1000 Harbor Blvd Weehawken, NJ 07086 | 6.5% Class C; Beneficial | 0.0% | 1.7% |
Wells Fargo Clearing Svcs LLC A/C 1699-0135 2801 Market Street Saint Louis, MO 63103 | 5.5% Class C; Beneficial | 0.0% | 7.6% |
BNYM I S Trust Co Cust Simple IRA Karen C Oswald 10544 S US Highway 31 Elizabethtown, IN 47232-9515 | 13.9% Class C; Beneficial | 0.1% | 0.0% |
Manuel Ortega & Annette G S Ortega JTWROS 3021 Foraker Pl NW Albuquerque, NM 87107-1280 | 6.8% Class C; Direct | 0.1% | 0.0% |
Raymond James Omnibus for Mutual Funds House Acc Firm 92500015 Attn Courtney Waller 880 Carillion Parkway St Petersburgh, FL 33716 | 14.9% Class C; Beneficial | 0.1% | 13.2% |
LPL Financial Omnibus Customer Account Attn Lindsey O’Toole 4707 Executive Drive San Diego, CA 92121 | 6.2% Class C; 36.3% Class W; Beneficial | 0.1% | 3.8% |
Matrix Trust Company Cust FBO Voya IM Long-Term Investment P 717 17th Street Suite 1300 Denver, CO 80202 | 24.1% Class I; Beneficial | 3.1% | 0.6% |
Matrix Trust Company Cust FBO Notional Investment Comp 717 17th Street Suite 1300 Denver, CO 80202 | 9.7% Class I; Beneficial | 1.2% | 0.2% |
J P Morgan Securities LLC For the Exclusive Benefit of our Customers 4 Chase Metrotech Center Brooklyn, NY 11245 | 6.2% Class R6; Beneficial | 0.0% | 0.0% |
Voya Retirement Insurance and Annuity Company Attn Valuation Unite-TN41 One Orange Way B3N Windsor, CT 06095 | 62.4% Class R6; Beneficial | 0.4% | 0.1% |
Charles Schwab & Co Inc Special Custody Acct FBO Customers Attn Mutual Funds 101 Montgomery St San Francisco, CA 94104-4122 | 31.4% Class R6; Beneficial | 0.2% | 0.1% |
Pershing LLC 1 Pershing Plaza Jersey City, NJ 07399-0001 | 43.3% Class W; Beneficial | 0.0% | 7.7% |
Janney Montgomery Scott LLC A/C 6976-9701 Sara Dickinson Cottrill 1997 1717 Arch Street Philadelphia, PA 19103-2713 | 18.8% Class W; Beneficial | 0.0% | 0.0% |
PART B
STATEMENT OF ADDITIONAL INFORMATION
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258-2034
1-800-992-0180
July 26, 2024
ACQUISITION OF THE ASSETS OF: | BY AND IN EXCHANGE FOR SHARES |
| OF: |
Voya Global Diversified Payment Fund | Voya Global Income & Growth Fund |
(A series of Voya Mutual Funds) | (A series of Voya Equity Trust) |
Voya Global Perspectives® Fund | Voya Global Income & Growth Fund |
(A series of Voya Mutual Funds) | (A series of Voya Equity Trust) |
(each, a “Target Fund” and together, the | (the “Acquiring Fund”) |
“Target Funds”) |
|
This Statement of Additional Information (“SAI”) of the Acquiring Fund is available to the shareholders of the Target Funds, in connection with proposed transactions whereby all of the assets and liabilities of each Target Fund, as applicable, will be transferred to the Acquiring Fund in exchange for shares of beneficial interest of the Acquiring Fund.
This SAI consists of the cover page, the information set forth below and the following described documents, each of which is incorporated by reference herein and accompanies this SAI:
1.The Statement of Additional Information, as supplemented, dated February 29, 2024 for Voya Global Diversified Payment Fund (File No. 811-07428);
2.The Statement of Additional Information, as supplemented, dated February 29, 2024 for Voya Global Perspectives® Fund (File No. 811-07428);
3.The Statement of Additional Information, as supplemented, dated September 30, 2023 for Voya Global Income & Growth Fund (formerly, Voya Global Multi-Asset Fund) (File No. 811-08817);
4.The audited financial statements contained in the annual report of Voya Global Diversified Payment Fund and Voya Global Perspectives® Fund dated October 31, 2023 (File No. 811-07428);
5.The unaudited financial statements contained in the semi-annual report of Voya Global Diversified Payment Fund and Voya Global Perspectives® Fund dated April 30, 2024 (File No. 811-07428);
6.The audited financial statements contained in the annual report of Voya Global Income & Growth Fund (formerly, Voya Global Multi-Asset Fund) dated May 31, 2023 (File No. 811-08817); and
7.The unaudited financial statements contained in the semi-annual report of Voya Global Income & Growth Fund (formerly, Voya Global Multi-Asset Fund) dated November 30, 2023 (File No. 811-08817).
No other parts of the Annual Reports are incorporated herein by reference.
This SAI is not a prospectus. A Proxy Statement/Prospectus dated July 26, 2024, relating to the reorganizations described above (each, a “Reorganization” and together, the “Reorganizations”) may be obtained, without charge, by writing to Voya Investment Management at 7337 East Doubletree Ranch Road, Suite 100, Scottsdale, Arizona 85258-2034 or by calling 1- 800-992-0180. This SAI should be read in conjunction with the Proxy Statement/Prospectus.
Supplemental Financial Information
Rule 6-11(d)(2) under Regulation S-X requires that, with respect to any fund acquisition, registered investment companies must provide certain supplemental financial information in lieu of pro forma financial statements required by Regulation S-X. For this reason, pro forma financial statements of the Acquiring Fund are not included in this SAI.
Following the Reorganizations, the Acquiring Fund will be the accounting and performance survivor.
A table showing the fees and expenses of the Target Funds and the Acquiring Fund, and the fees and expenses of the Acquiring Fund on a pro forma basis after giving effect to the proposed Reorganizations, is included in the section entitled “How do the Annual Fund Operating Expenses Compare?” of the Proxy Statement/Prospectus.
It is currently anticipated that approximately 100% of each Target Fund’s holdings will be sold in advance of the Reorganizations because the Acquiring Fund obtains its investment exposure principally through individual securities, while the Target Funds principally use underlying funds to execute their strategies, and the resulting proceeds will be invested in accordance with the Acquiring Fund’s principal investment strategies. A schedule of investments of each Target Fund as of January 31, 2024 is included below and is annotated to reflect the anticipated sale of that Target Fund’s portfolio holdings in connection with the applicable Reorganization. Notwithstanding the foregoing, changes may be made to each Target Fund’s portfolio in advance of the Reorganizations and/or the Acquiring Fund’s portfolio following the Reorganizations.
There are no material differences in the accounting policies of the Target Funds as compared to those of the Acquiring Fund.
Schedule of Investments – Voya Global Diversified Payment Fund
Security Description(1) | Shares or Principal Amount | Value |
EXCHANGE-TRADED FUNDS: 6.8% |
|
|
Schwab U.S. Tips ETF | 105,500 | $5,523,980 |
Vanguard Global ex- U.S. Real Estate ETF | 127,344 | $5,175,260 |
Vanguard Real Estate ETF | 92,966 | $7,798,917 |
MUTUAL FUNDS: 92.1% |
|
|
Affiliated Investment Companies: 81.0% |
|
|
Voya Floating Rate Fund - Class I | 682,289 | $5,635,707 |
Voya Global Bond Fund - Class R6 | 1,863,682 | $13,660,788 |
Voya High Yield Bond Fund - Class R6 | 2,413,891 | $16,583,429 |
Voya Intermediate Bond Fund - Class R6 | 4,412,860 | $38,656,650 |
Voya Large Cap Growth Fund - Class R6 | 358,932 | $17,501,519 |
Voya Large Cap Value Fund - Class R6 | 983,376 | $12,439,705 |
Voya MidCap Opportunities Fund - Class R6 | 274,256(2) | 6,749,434 |
Voya Multi-Manager Emerging Markets | 883,888 | $8,202,480 |
Equity Fund - Class I |
|
|
Voya Multi-Manager International Equity | 2,518,693 | $24,733,567 |
Fund - Class I |
|
|
Voya Multi-Manager International Factors | 3,057,668 | $27,580,168 |
Fund - Class I |
|
|
Voya Multi-Manager Mid Cap Value Fund - | 725,956 | $6,845,769 |
Class I |
|
|
Voya Short Duration High Income Fund - | 1,358,740 | $13,804,803 |
Class R6 |
|
|
Voya Short Term Bond Fund - Class R6 | 604,606 | $5,647,022 |
Voya Small Company Fund - Class R6 | 557,302 | $7,986,131 |
Voya U.S. High Dividend Low Volatility | 1,329,607 | $13,827,912 |
Fund - Class R6 |
|
|
Unaffiliated Investment Companies: 11.1% |
|
|
TIAA-CREF S&P 500 Index Fund - | 570,384 | $30,184,743 |
Institutional Class |
|
|
PURCHASED OPTIONS: 0.0% |
|
|
Total Purchased Options |
| $15,991 |
SHORT-TERM INVESMENTS: 0.2% |
|
|
Mutual Funds: 0.2% |
|
|
BlackRock Liquidity Funds, FedFund, | 428,016(3) | $428,016 |
Institutional Class, 5.220% |
|
|
Total Investments in Securities |
| $268,981,991 |
(Cost $299,192,688) |
|
|
Assets in Excess of Other Liabilities |
| $2,465,525 |
Net Assets |
| $271,447,516 |
(1)Approximately 100% of the positions are anticipated to be sold in anticipation of the close of the Reorganization on October 25, 2024.
(2)Non-income producing security.
(3)Rate shown is the 7-day yield as of January 31, 2024.
Schedule of Investments – Voya Global Perspectives® Fund
Security Description(1) | Shares or Principal Amount | Value |
EXCHANGE-TRADED FUNDS: 9.7% |
|
|
iShares Global REIT ETF | 488,310 | $11,304,377 |
MUTUAL FUNDS: 90.3% |
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Voya Global Bond Fund - Class R6 | 1,564,438 | $11,467,332 |
Voya GNMA Income Fund - Class R6 | 1,557,423 | $11,524,928 |
Voya High Yield Bond Fund - Class R6 | 1,689,326 | $11,605,670 |
Voya Intermediate Bond Fund - Class R6 | 1,324,276 | $11,600,658 |
Voya Large Cap Growth Fund - Class R6 | 249,406 | $12,161,024 |
Voya Mid Cap Research Enhanced Index | 633,537 | $11,682,429 |
Fund - Class I |
|
|
Voya Multi-Manager Emerging Markets | 1,247,185 | $11,573,879 |
Equity Fund - Class I |
|
|
Voya Multi-Manager International Factors | 1,293,418 | $11,666,633 |
Fund - Class I |
|
|
Voya Small Company Fund - Class R6 | 797,317 | $11,425,557 |
Total Investments in Securities |
| $116,012,487 |
(Cost $112,610,500) |
|
|
Assets in Excess of Other Liabilities |
| $9,567 |
Net Assets |
| $116,022,063 |
(1)Approximately 100% of the positions are anticipated to be sold in anticipation of the close of the Reorganization on October 25, 2024.
7337 EAST DOUBLETREE RANCH ROAD SUITE 100
SCOTTSDALE, ARIZONA 85258-2034
TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS:
SCAN TO w
VIEW MATERIALS &VOTE
3 EASY WAYS TO VOTE YOUR PROXY
VOTE BY PHONE: Call toll-free 1-877-907-7646 and follow the recorded instructions.
VOTE ON THE INTERNET: Log on to Proxyvote.com and follow the online directions.
VOTE BY MAIL: Check the appropriate box on the Proxy Ballot below, sign and date the Proxy Ballot and return in the envelope provided.
If you vote via phone or the Internet, you do not need to return your Proxy Ballot. PROXY FOR A SPECIAL MEETING OF
SHAREHOLDERS TO BE HELD ON OCTOBER 10, 2024.
V53260-TBD | KEEP THIS PORTION FOR YOUR RECORDS | ||
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| DETACH AND RETURN THIS PORTION ONLY | ||
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THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE PROPOSAL.
1.To approve an Agreement and Plan of Reorganization by and between Voya Mutual Funds, on behalf of its series, Voya Global Diversified Payment Fund ("GDP Fund"), and Voya Equity Trust, on behalf of its series, Voya Global Income & Growth Fund (“Global Income & Growth Fund”), providing for the reorganization of GDP Fund with and into Global Income & Growth Fund;
2.To transact such other business, not currently contemplated, that may properly come before the Special Meeting, or any adjournments or postponements thereof, in the discretion of the proxies or their substitutes.
To avoid the added cost of follow-up solicitations and possible adjournments, we strongly urge you to review, complete and return your Proxy Ballot as soon as possible. Your vote is important regardless of the number of shares owned. If you vote via phone or the Internet, you do not need to return your Proxy Ballot.
Please vote, date and sign this Proxy Ballot and return it promptly in the enclosed envelope.
This Proxy Ballot must be signed exactly as your name(s) appear(s) hereon. If as an attorney, executor, guardian or in some representative capacity or as an officer of a corporation, please add title(s) as such. Joint owners must each sign.
For Against Abstain
¨ ¨ ¨
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Signature [PLEASE SIGN WITHIN BOX] | Date |
| Signature [Joint Owners] | Date |
Important Notice Regarding the Availability of Proxy Materials for the Special Meeting to be Held on
October 10, 2024:
The Proxy Statement for the Special Meeting and the Notice of the Special Meeting are available
at WWW.PROXYVOTE.COM/VOYA.
V53261-TBD
VOYA GLOBAL DIVERSIFIED PAYMENT FUND
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Joanne F. Osberg and Todd Modic, or any one or all of them, proxies, with full power of substitution, to vote all shares of the Fund referenced above, which the undersigned is entitled to vote at the Special Meeting of Shareholders to be held virtually on October 10, 2024 at 1:00 p.m. MST, and at any adjournment(s) or postponement(s) thereof, with all of the powers the undersigned would possess if then and there personally present and especially (but without limiting the general authorization and power hereby given) to vote as indicated on the proposal, as more fully described in the Proxy Statement for the Special Meeting. To register to attend the Virtual Shareholder Meeting visit the website: https://www.viewproxy.com/voya/broadridgevsm.
This proxy will be voted as instructed. If no specification is made, the proxy will be voted "FOR" the proposal.
PLEASE SIGN AND DATE ON THE REVERSE SIDE.
7337 EAST DOUBLETREE RANCH ROAD SUITE 100
SCOTTSDALE, ARIZONA 85258-2034
TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS:
SCAN TO w
VIEW MATERIALS &VOTE
3 EASY WAYS TO VOTE YOUR PROXY
VOTE BY PHONE: Call toll-free 1-877-907-7646 and follow the recorded instructions.
VOTE ON THE INTERNET: Log on to Proxyvote.com and follow the online directions.
VOTE BY MAIL: Check the appropriate box on the Proxy Ballot below, sign and date the Proxy Ballot and return in the envelope provided.
If you vote via phone or the Internet, you do not need to return your Proxy Ballot. PROXY FOR A SPECIAL MEETING OF
SHAREHOLDERS TO BE HELD ON OCTOBER 10, 2024.
V53262-TBD | KEEP THIS PORTION FOR YOUR RECORDS | ||
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| DETACH AND RETURN THIS PORTION ONLY | ||
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THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE PROPOSAL.
1.To approve an Agreement and Plan of Reorganization by and between Voya Mutual Funds, on behalf of its series, Voya Global Perspectives® Fund ("Global Perspectives Fund"), and Voya Equity Trust, on behalf of its series, Voya Global Income & Growth Fund ("Global Income & Growth Fund"), providing for the reorganization of Global Perspectives Fund with and into Global Income & Growth Fund; and
2.To transact such other business, not currently contemplated, that may properly come before the Special Meeting, or any adjournments or postponements thereof, in the discretion of the proxies or their substitutes.
To avoid the added cost of follow-up solicitations and possible adjournments, we strongly urge you to review, complete and return your Proxy Ballot as soon as possible. Your vote is important regardless of the number of shares owned. If you vote via phone or the Internet, you do not need to return your Proxy Ballot.
Please vote, date and sign this Proxy Ballot and return it promptly in the enclosed envelope.
This Proxy Ballot must be signed exactly as your name(s) appear(s) hereon. If as an attorney, executor, guardian or in some representative capacity or as an officer of a corporation, please add title(s) as such. Joint owners must each sign.
For Against Abstain
¨ ¨ ¨
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Signature [PLEASE SIGN WITHIN BOX] | Date |
| Signature [Joint Owners] | Date |
Important Notice Regarding the Availability of Proxy Materials for the Special Meeting to be Held on
October 10, 2024:
The Proxy Statement for the Special Meeting and the Notice of the Special Meeting are available
at WWW.PROXYVOTE.COM/VOYA.
V53263-TBD
VOYA GLOBAL PERSPECTIVES® FUND
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Joanne F. Osberg and Todd Modic, or any one or all of them, proxies, with full power of substitution, to vote all shares of the Fund referenced above, which the undersigned is entitled to vote at the Special Meeting of Shareholders to be held virtually on October 10, 2024 at 1:00 p.m. MST, and at any adjournment(s) or postponement(s) thereof, with all of the powers the undersigned would possess if then and there personally present and especially (but without limiting the general authorization and power hereby given) to vote as indicated on the proposal, as more fully described in the Proxy Statement for the Special Meeting. To register to attend the Virtual Shareholder Meeting visit the website: https://www.viewproxy.com/voya/broadridgevsm.
This proxy will be voted as instructed. If no specification is made, the proxy will be voted "FOR" the proposal.
PLEASE SIGN AND DATE ON THE REVERSE SIDE.
OTHER INFORMATION
16 (1)(a) | |
16 (1)(b) | |
16 (1)(c) | |
16 (1)(d) | |
16 (1)(e) | |
16 (1)(f) | |
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16 (1)(h) | |
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16 (1)(j) |
16 (1)(k) | |
16 (1)(l) | |
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16 (1)(n) | |
16 (1)(o) | |
16 (1)(p) | |
16 (1)(q) | |
16 (1)(r) | |
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16 (1)(t) | |
16 (1)(u) | |
16 (1)(v) | |
16 (1)(w) |
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16 (1)(ww) |
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16 (1)(aaa) | |
16 (1)(bbb) | |
16 (1)(ccc) | |
16 (1)(ddd) | |
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16 (1)(iii) | |
16 (1)(jjj) |
16 (1)(kkk) | |
16 (1)(lll) | |
16 (1)(mmm) | |
16 (1)(nnn) | |
16 (1)(ooo) | |
16 (1)(ppp) | |
16 (1)(qqq) | |
16 (1)(rrr) | |
16 (1)(sss) | |
16 (1)(ttt) | |
16 (1)(uuu) | |
16 (1)(vvv) |
16 (1)(www) | |
16 (1)(xxx) | |
16 (1)(yyy) | |
16 (1)(zzz) | |
16 (1)(aaaa) | |
16 (1)(bbbb) | |
16 (1)(cccc) | |
16 (1)(dddd) | |
16 (1)(eeee) | |
16 (1)(ffff) | |
16 (1)(gggg) | |
16 (1)(hhhh) |
16 (1)(iiii) | |
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16 (1)(kkkk) | |
16 (1)(llll) | |
16 (1)(mmmm) | |
16 (1)(nnnn) | |
16 (1)(oooo) | |
16 (1)(pppp) | |
16 (1)(qqqq) | |
16 (1)(rrrr) | |
16 (1)(ssss) | |
16 (1)(tttt) |
16 (1)(uuuu) | |
16 (1)(vvvv) | |
16 (2) | |
16 (3) | Not applicable. |
16 (4)(a) | Agreement and Plan of Reorganization between Voya Global Income & Growth Fund, a series of Voya Equity Trust, and Voya Global Diversified Payment Fund, a series of Voya Mutual Funds – Attached as Appendix A to the Proxy Statement/Prospectus. |
16 (4)(b) | Agreement and Plan of Reorganization between Voya Global Income & Growth Fund, a series of Voya Equity Trust, and Voya Global Perspectives® Fund, a series of Voya Mutual Funds – Attached as Appendix B to the Proxy Statement/Prospectus. |
16 (5) | Not applicable. |
16 (6)(a) | |
16 (6)(a)(i) | |
16 (6)(a)(ii) | |
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16 (8) | |
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16 (9)(a)(iii) | |
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16 (10)(d)(ii) | |
16 (10)(e) | |
16 (10)(f) | |
16 (10)(f)(i) |
16 (10)(g) | |
16 (11) | |
16 (12) | Opinion and Consent of Counsel Supporting Tax Matters and Consequences – To be filed by subsequent post-effective amendment. |
16 (13)(a) | |
16 (13)(a)(i) | |
16 (13)(a)(ii) | |
16 (13)(a)(iii) | |
16 (13)(a)(iv) | |
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16 (13)(a)(ix) |
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16 (13)(b) | |
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16 (13)(b)(iii) | |
16 (13)(b)(iv) | |
16 (13)(c) | |
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16 (13)(d)(i) | |
16 (13)(e) | |
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16 (13)(e)(ii) |
16 (13)(f) | |
16 (13)(f)(i) | |
16 (13)(g) | |
16 (13)(h) | |
16 (13)(i) | |
16 (13)(i)(i) | |
16 (14) | |
16 (15) | Not applicable. |
16 (16) | |
16 (17) | Not applicable. |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended (the “1933 Act”), the Registrant certifies that it has duly caused this Registration Statement on Form N-14 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Scottsdale and the State of Arizona on the 26th day of July, 2024.
VOYA EQUITY TRUST
By: | /s/ Joanne F. Osberg |
| Joanne F. Osberg |
| Secretary |
Pursuant to the requirements of the 1933 Act, this Registration Statement has been signed below by the following persons in the capacities and on the date indicated.
Signature | Title | Date |
Andy Simonoff* | President and Chief Executive Officer | July 26, 2024 |
Todd Modic* | Senior Vice President, Chief/Principal | July 26, 2024 |
| Financial Officer, and Assistant Secretary |
|
Fred Bedoya* | Vice President, Principal Accounting | July 26, 2024 |
| Officer, and Treasurer |
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Colleen D. Baldwin* | Trustee | July 26, 2024 |
John V. Boyer* | Trustee | July 26, 2024 |
Martin J. Gavin* | Trustee | July 26, 2024 |
Joseph E. Obermeyer* | Trustee | July 26, 2024 |
Sheryl K. Pressler* | Trustee | July 26, 2024 |
Christopher P. Sullivan* | Trustee | July 26, 2024 |
*By: /s/ Joanne F. Osberg |
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Joanne F. Osberg |
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as Attorney-in-Fact** |
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**Powers of Attorney for Andy Simonoff, Todd Modic, Fred Bedoya, and each Trustee – Filed as an Exhibit to the Registrant’s Registration Statement on Form N-14 on June 26, 2024 and incorporated herein by reference.
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