Voya Global Target Payment Fund - Class A

For the calendar year 2018, the Fund will make a level monthly payment of approximately $0.038 per share for Class A shares, $0.034 per share for Class C shares, $0.040 per share for Class I and $0.040 for Class W shares.

Class A: IGPAX
Class C: IGPCX
Class I: IGPIX
Class R: IGPRX
Class R6: VTPRX
Class W: IGPWX
For more information call 1 (800) 334-3444
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Voya Global Target Payment Fund

Targeting Your Income Needs

Designed to deliver regular payments today, while seeking to preserve capital and provide growth for tomorrow.

Daily Prices

as of May 24, 2018

Net Asset Value (NAV)$8.30
% Change-0.12
$ Change-0.01
YTD Return-0.45%

The Voya Global Target Payment Fund Offers

Level monthly payments

Diversified sources of income

Future growth potential

Consistent Payments Despite Economic Uncertainty

Class A Fund payment history based on a 10,000 share investment (07/01/08–03/31/18) †

Class A Fund payment history based on a 10,000 share investment

Since its inception in July 2008, the Fund has generated consistent payments, despite the stock market crash, the sharp decline in interest rates, and the European debt crisis.
† The annual payment rate is determined from within the total range of 4.25% to 7.25% per annum depending on share class. Special distributions made by the Fund, including special capital gains distributions, if any, that are normally paid in December, are not factored into the Fund’s targeted managed payment amounts and will be automatically reinvested in additional Fund shares, unless a shareholder elects to receive the special distribution in cash.
The performance quoted represents past performance and does not guarantee future results.

The Voya Difference

  • Level Monthly Payments
    Seeks steady monthly payments of 4.25%-7.25% annually—re-set once a year—to help investors plan for short- and long-term income needs.
  • Diversified sources of income
    Diversifies among up to 12 asset classes and 24 individual funds, to create a steady source of income.
  • Future growth potential
    Delivers appreciation potential through multi-asset class exposures and a payment reinvestment option.

Fund Facts

Ticker SymbolIGPAX
CUSIP92913R632
Inception DateJuly 1, 2008
Dividends PaidMonthly
Min. Initial Investment$1,000.00

About this Product

  • Coupled with a managed payment policy, the Fund invests in a combination of Voya Funds which are invested in global equity, fixed-income, and which may include floating rate loans, emerging markets debt, and real estate securities
  • Seeks to make level, monthly payments per share, re-set annually*
  • Designed for retired investors or investors nearing retirement who seek stable level of monthly payments from their investment in the Fund as well as growth potential and global diversification
* The annual payment rate is determined by share classes within a range of 4.25%–7.25% based on Voya's assessment of market conditions.

Investment Objective

The Fund seeks to meet the managed payment policy of the Fund, while seeking to preserve investors' capital over the long term. The Fund's secondary investment objective is to seek potential long-term capital appreciation.

Management Team

View Fund Advisor/Sub Advisor

Portfolio Management Team

Voya Investments, LLC

Investment Adviser

Voya Investments, LLC., serves as the investment adviser to each of the Funds. Voya Investments has overall responsibility for the management of the Funds. Voya Investments provides or oversees all investment advisory and portfolio management services for each Fund, and assists in managing and supervising all aspects of the general day-to-day business activities and operations of the Funds, including custodial, transfer agency, dividend disbursing, accounting, auditing, compliance and related services. The Investment Adviser may, from time to time, directly manage a portion of the Fund’s assets to seek to manage the Fund’s overall risk exposure to achieve the Fund’s desired risk/return profile and to effect the Fund’s investment strategies. The Investment Adviser may invest in futures and exchange-traded funds to implement its investment process.

Voya Investment Management Co. LLC

Investment Sub-Adviser

Voya Investment Management Co. LLC (“Voya IM” or “Sub-Adviser”), a Delaware limited liability company, was founded in 1972 and is registered with the SEC as an investment adviser. Voya IM is an indirect, wholly-owned subsidiary of Voya Financial, Inc. and is an affiliate of the Adviser. Voya IM has acted as adviser or sub-adviser to mutual funds since 1994 and has managed institutional accounts since 1972. The principal office of Voya IM is located at 230 Park Avenue, New York, New York 10169. As of December 31, 2016, Voya IM managed approximately $86.4 billion in assets.
Barbara Reinhard

Barbara Reinhard, CFA

Managed Fund since

More Info
Barbara Reinhard is the head of asset allocation for Multi-Asset Strategies and Solutions (MASS) at Voya Investment Management. In this role, she is responsible for strategic and tactical asset allocation decisions for the MASS team’s multi-asset strategies. Prior to joining Voya, Barbara was the chief investment officer for Credit Suisse Private Bank in the Americas. In that role, she managed discretionary multi-asset portfolios, was a member of the global asset allocation committee, and the pension investment committee. Prior to that, Barbara spent 20 years of her career at Morgan Stanley, where she joined the fixed income division and later became the deputy chief investment strategist for the global wealth management division. Barbara earned her BA in economics from Trinity College, holds the Chartered Financial Analyst® designation.
Paul Zemsky

Paul Zemsky, CFA

Portfolio Manager

Managed Fund since 2008

More Info
Paul Zemsky is the chief investment officer and founder of the Multi-Asset Strategies and Solutions Team (MASS) at Voya Investment Management. He is responsible for the firm’s suite of value-added, customized and off-the-shelf products and solutions that are supported by the team’s asset allocation, manager research, quantitative research, portfolio implementation and multi-manager capabilities. Prior to joining the firm, he co-founded CaliberOne Private Funds Management, a macro hedge fund. Paul began his career at JPMorgan Investment Management, where he held a number of key positions, including head of investments for over $300 Billion of Fixed Income assets. Paul is a member of the firm’s Management Committee and a board member of Pomona Capital. He holds a dual degree in finance and electrical engineering from the Management and Technology Program at the University of Pennsylvania and holds the Chartered Financial Analyst® designation.

My Representatives

Broker/Dealer Services

1-800-334-3444

Contact Us

Performance

Average Annual Total Returns %

As of April 30, 2018

As of March 31, 2018

Most Recent Month EndMost Recent Quarter EndMost Recent Month EndMost Recent Quarter End
Most Recent Month EndYTD1 YR3 YR5 YR10 YRInceptionExpense Ratios
GrossNet
Net Asset Value-1.17+5.84+3.69+4.69+4.471.24%1.30%
With Sales Charge-6.87-0.22+1.67+3.46+3.84
Net Asset Value-1.26+7.01+3.95+5.04+4.501.24%1.30%
With Sales Charge-6.96+0.83+1.92+3.79+3.86
S&P Target Risk Growth Index-0.64+8.80+5.81+7.24+6.21
S&P Target Risk Growth Index-0.58+10.36+6.33+7.65+6.27

Inception Date - Class A:July 1, 2008

Current Maximum Sales Charge: 5.75%

The performance quoted represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance information shown. The investment return and principal value of an investment in the Portfolio will fluctuate, so that your shares, when redeemed, may be worth more or less than their original cost. See above "Average Annual Total Returns %" for performance information current to the most recent month-end.

Yields

As of April 30, 2018

SEC 30-Day Yield (Unsubsidized)
SEC 30-Day Yield (Unsubsidized):

A standardized yield calculation created by the SEC, it reflects the income earned during a 30-day period, after the deduction of the fund's gross expenses. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days.

1.91
SEC 30-Day Yield (Subsidized)
SEC 30-Day Yield (Subsidized):

A standardized yield calculation created by the SEC, it reflects the income earned during a 30-day period, after the deduction of the fund's net expenses (net of any expense waivers or reimbursements).

1.91
Distribution Yield @ NAV
Distribution Yield @ NAV:

Current annualized distribution rate based upon NAV is the latest dividend shown as an annualized percentage of net asset value.

5.53
Distribution Yield @ MOP
Distribution Yield @ MOP:

Current annualized distribution rate, based upon maximum offering price which is adjusted for sales changes (MOP), where applicable, is the latest dividend shown as an annualized percentage of maximum offering price.

5.22

Returns Based Statistics

As of April 30, 2018

3 Year5 Year10 Year
Standard Deviation
Standard Deviation:

A measure of the degree to which an individual probability value varies from the distribution mean. The higher the number, the greater the risk.

5.695.64
Beta
Beta:

The sensitivity of a portfolio's returns to changes in the return of the market as measured by the index or benchmark that represents the market. A portfolio with a beta of 1.0 behaves exactly like the index. A beta less than 1.0 suggests lower risk than the index, while a beta greater than 1.0 indicates a risk level higher than the index.

0.860.86
R2
R2:

The proportion of the variation in a portfolio's returns that can be explained by the variability of the returns of an index. High R-squared (close to 1.0) is usually consistent with broad diversification.

96.8696.74
Alpha
Alpha:

A measure of risk-adjusted performance; alpha reflects the difference between a portfolio's actual return and the return that could be expected give its risk as measured by beta.

-1.33-1.48
Sharpe Ratio
Sharpe Ratio:

A risk-adjusted measure calculated using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance.

0.570.78
Tracking Error
Tracking Error:

A measure of how closely the returns of a portfolio tend to follow the returns of the index to which it is benchmarked; specifically, the variability of excess returns around the average.

1.361.38
Information Ratio
Information Ratio:

The ratio of portfolio returns in excess of a market index to the variability of those excess returns; in effect, information ratio describes the value added by active management in relation to the risk taken to achieve those returns.

-1.56-1.84

Calendar Year Returns %

Past performance is no guarantee of future results. Returns are shown in %. These figures are for the year ended December 31 of each year. They do not reflect sales charges and would be lower if they did. The bar chart above shows the Fund's annual returns and long-term performance, and illustrates the variability of the Fund’s returns.

Growth of a $10,000 Investment

For the period 07/01/2008 through 04/30/2018

Ending Value: $15,371.00

The performance quoted in the "Growth of a $10,000 Investment" chart represents past performance. Performance shown is without sales charges; had sales charges been deducted, performance would have been less. Ending value includes reinvestment of distributions.

Portfolio

Portfolio Statistics

As of April 30, 2018

Net Assets millions
Net Assets:

The per-share dollar amount of the fund, calculated by dividing the total value of all the securities in its portfolio, less any liabilities, by the number of fund shares outstanding.

$514.0
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

26
Total

Top Holdings

% of Total Investments as of April 30, 2018

Voya Intermediate Bond Fund Class R616.06
Voya Multi-Manager International Factors Fund Class I12.59
Voya Multi-Manager International Equity Fund Class I10.41
Voya Floating Rate Fund Class I7.54
Voya Large Cap Growth Fund Class R66.37
Voya Large Cap Value Fund Class R65.93
Voya Multi-Manager Emerging Markets Equity Fund Class I4.73
iShares Core U.S. Aggregate Bond ETF4.28
Voya High Yield Bond Fund Class R64.01
Voya U.S. High Dividend Low Volatility Fund Class I3.90
Total#,###.2

Portfolio Composition

as of April 30, 2018

International26.39
Large Cap U.S.22.07
Core Fixed Income20.34
Senior Loans7.54
Emerging Markets6.65
High Yield Bond6.00
Mid Cap U.S.3.89
Global Bond1.97
Small Cap U.S.1.93
Global Real Estate1.54
Global International1.00
Short-Term Bond0.68
Total#,###.2

Top Country Weightings

% of Total Investments as of April 30, 2018

United States93.00
Developed Markets4.40
Emerging Markets1.92
Total#,###.2

Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to daily change.

Distributions

Distributions: Last 12 Months

Payment Frequency: Monthly

Ex-Date
Ex-Date:

Date on which a stock begins trading without the benefit of the dividend. Typically, a stock’s price moves up by the dollar amount of the dividend as the ex-dividend date approaches, then falls by the amount of the dividend after that date.

Payable Date
Payable Date:

Date on which a declared stock dividend or a bond interest payment is scheduled to be paid.

Record Date
Record Date:

Date on which a shareholder must officially own shares in order to be entitled to a dividend. After the date of record, the stock is said to be ex-dividend.

Amount
Managed Payment04/30/201805/01/201804/27/2018$0.038000
Managed Payment03/29/201804/02/201803/28/2018$0.038000
Managed Payment02/28/201803/01/201802/27/2018$0.038000
Managed Payment01/31/201802/01/201801/30/2018$0.038000
Managed Payment12/29/201701/02/201812/28/2017$0.038000
Managed Payment11/30/201712/01/201711/29/2017$0.038000
Managed Payment10/31/201711/01/201710/30/2017$0.038000
Managed Payment09/29/201710/02/201709/28/2017$0.038000
Managed Payment08/31/201709/01/201708/30/2017$0.038000
Managed Payment07/31/201708/01/201707/28/2017$0.038000
Managed Payment06/30/201707/03/201706/29/2017$0.038000
Managed Payment05/31/201706/01/201705/30/2017$0.038000
Totals: $0.456000

Ratings

Morningstar™ Ratings

As of April 30, 2018

Overall3 Year5 Year10 Year
386 Funds386 Funds330 Funds N/A

Category: Fund World Allocation

Disclosures

Principal Risks

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Emerging Market stocks may be especially volatile. Stock of an issuer in the Fund's portfolio may decline in price if the issuer fails to make anticipated Dividend Payments because, among other reasons, the issuer of the security experiences a decline in its financial condition. Securities of Small- and Mid-Sized Companies may entail greater price volatility and less liquidity than investing in stocks of larger companies. Other risks of the Fund include but are not limited to: Convertible Securities Risks; Market Trends Risks; Other Investment Companies Risks; Price Volatility Risks; Inability to Sell Securities Risks; and Securities Lending Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.

Risks specific to Managed Payment:
The Fund is expected to make monthly payments under its Managed Payment Policy regardless of the Fund's investment performance. Because these payments will be made from Fund assets, the Fund's monthly payments may reduce the amount of assets available for investment by the Fund. 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. The Fund may, under its Managed Payment Policy, return capital to shareholders which will decrease their costs basis in the Fund and will affect the amount of any capital gain or loss that shareholders realize when selling or exchanging their Fund shares.