Overview
Fund Tagline
A Target Date Choice to Help Keep Retirement Goals on Track
Fund Description
Voya’s Target Retirement Funds are designed to specifically balance the evolving risk-return profiles of participants as they age to maximize the probability of a successful retirement. The target date in the funds’ name is the approximate date when investors plan to start withdrawing their money.
Product Facts
| Ticker Symbol | VTRAX |
| CUSIP | 92919X302 |
| Inception Date | August 8, 2025 |
| Dividends Paid | Annually |
| Min. Initial Investment | $1,000.00 |
- Voya Target Retirement Funds employ a blend management approach by investing primarily in a combination of underlying funds, which are actively managed funds or passively managed funds (index funds), including exchange-traded funds (“ETFs”). The funds also follow an open-architecture framework, by investing in a combination of affiliated and unaffiliated funds.
- The funds maximize asset accumulation in the early years of participants’ careers, taking aggressive equity positions.
- The funds shift emphasis to asset protection in later years, reducing risk and ultimately reaching their most conservative equity allocation of 35% at retirement to help investors hold onto what they have accumulated in a lifetime of saving.
- The Voya Target Retirement 2070 Fund is designed for people who plan to begin living their retirement goals during or after the year 2068. Currently, it is designed to maximize wealth accumulation.
Until the day prior to its Target Date, the Fund seeks to provide total return consistent with an asset allocation targeted at retirement in approximately 2070. On the Target Date, the Fund's investment objective will be to seek to provide a combination of total return and stability of principal consistent with an asset allocation targeted to retirement.
- Voya Target Retirement Funds employ a blend management approach by investing primarily in a combination of underlying funds, which are actively managed funds or passively managed funds (index funds), including exchange-traded funds (“ETFs”). The funds also follow an open-architecture framework, by investing in a combination of affiliated and unaffiliated funds.
- The funds maximize asset accumulation in the early years of participants’ careers, taking aggressive equity positions.
- The funds shift emphasis to asset protection in later years, reducing risk and ultimately reaching their most conservative equity allocation of 35% at retirement to help investors hold onto what they have accumulated in a lifetime of saving.
- The Voya Target Retirement 2070 Fund is designed for people who plan to begin living their retirement goals during or after the year 2068. Currently, it is designed to maximize wealth accumulation.
Until the day prior to its Target Date, the Fund seeks to provide total return consistent with an asset allocation targeted at retirement in approximately 2070. On the Target Date, the Fund's investment objective will be to seek to provide a combination of total return and stability of principal consistent with an asset allocation targeted to retirement.
Performance
Average Annual Total Returns %
As of September 30, 2025
As of September 30, 2025
| Most Recent Month End | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Inception | Expense Ratios | |
|---|---|---|---|---|---|---|---|---|
| Gross | Net | |||||||
| Net Asset Value | — | — | — | — | — | +4.70 | 0.57% | 0.57% |
| With Sales Charge | — | — | — | — | — | -1.32 | ||
| Net Asset Value | — | — | — | — | — | +4.70 | 0.57% | 0.57% |
| With Sales Charge | — | — | — | — | — | -1.32 | ||
| S&P Target Date 2065+ Index | — | — | — | — | — | +4.70 | — | — |
| S&P Target Date 2065+ Index | — | — | — | — | — | +4.70 | — | — |
Inception Date - Class A: August 8, 2025
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.
Returns for the other share classes will vary due to different charges and expenses. Performance assumes reinvestment of distributions and does not account for taxes.
Total investment return at net asset value has been calculated assuming a purchase at net asset value at the beginning of the period and a sale at net asset value at the end of the period; and assumes reinvestment of dividends, capital gain distributions and return of capital distributions/allocations, if any, in accordance with the provisions of the dividend reinvestment plan. Net asset value equals total Fund assets net of Fund expenses such as operating costs and management fees. Total investment return at net asset value is not annualized for periods less than one year.
The S&P Target Date® Index Series consists of twelve multi-asset class indices, each corresponding to a particular target retirement date. The benchmark asset allocation and glide path for each index in the series is determined once a year and represents market consensus across the universe of target date fund managers.
The index is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates ("SPDJI"), and has been licensed for use by Voya. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC, a division of S&P Global ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). Voya or its products or services are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the index.
Past performance does not guarantee future results.
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.
Average Annual Total Returns %
As of September 30, 2025
As of September 30, 2025
| Most Recent Month End | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Inception | Expense Ratios | |
|---|---|---|---|---|---|---|---|---|
| Gross | Net | |||||||
| Net Asset Value | — | — | — | — | — | +4.70 | 0.57% | 0.57% |
| With Sales Charge | — | — | — | — | — | -1.32 | ||
| Net Asset Value | — | — | — | — | — | +4.70 | 0.57% | 0.57% |
| With Sales Charge | — | — | — | — | — | -1.32 | ||
| S&P Target Date 2065+ Index | — | — | — | — | — | +4.70 | — | — |
| S&P Target Date 2065+ Index | — | — | — | — | — | +4.70 | — | — |
Inception Date - Class A: August 8, 2025
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.
Returns for the other share classes will vary due to different charges and expenses. Performance assumes reinvestment of distributions and does not account for taxes.
Total investment return at net asset value has been calculated assuming a purchase at net asset value at the beginning of the period and a sale at net asset value at the end of the period; and assumes reinvestment of dividends, capital gain distributions and return of capital distributions/allocations, if any, in accordance with the provisions of the dividend reinvestment plan. Net asset value equals total Fund assets net of Fund expenses such as operating costs and management fees. Total investment return at net asset value is not annualized for periods less than one year.
The S&P Target Date® Index Series consists of twelve multi-asset class indices, each corresponding to a particular target retirement date. The benchmark asset allocation and glide path for each index in the series is determined once a year and represents market consensus across the universe of target date fund managers.
The index is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates ("SPDJI"), and has been licensed for use by Voya. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC, a division of S&P Global ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). Voya or its products or services are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the index.
Past performance does not guarantee future results.
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.
Portfolio
Portfolio Statistics
As of September 30, 2025
| 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. | $3.1 |
| Number of Holdings Number of Holdings Number of Holdings in the investment. | 10 |
| Total |
Top Holdings
As of September 30, 2025
| Fidelity 500 Index Fund | 55.65 |
| Vanguard FTSE Developed Markets ETF | 16.61 |
| Voya Multi-Manager International Equity I | 8.05 |
| iShares Core S&P Mid-Cap ETF | 5.96 |
| Vanguard FTSE Emerging Markets ETF | 3.54 |
| Voya VACS Series EME Fund | 3.17 |
| Voya Intermediate Bond R6 | 2.90 |
| Voya Small Company R6 | 2.06 |
| Voya Small Cap Growth R6 | 1.07 |
| Vanguard Long-Term Treasury ETF | 0.97 |
| Total | #,###.2 |
Portfolio Composition
As of September 30, 2025
| Core Fixed Income | 2.90 |
| Long Govt Bonds | 0.97 |
| US Small Cap | 3.13 |
| US Mid Cap Blend | 5.96 |
| Emerging Markets | 6.71 |
| International | 24.66 |
| US Large Blend | 55.65 |
| Total | #,###.2 |
Portfolio Statistics
As of September 30, 2025
| 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. | $3.1 |
| Number of Holdings Number of Holdings Number of Holdings in the investment. | 10 |
| Total |
Top Holdings
As of September 30, 2025
| Fidelity 500 Index Fund | 55.65 |
| Vanguard FTSE Developed Markets ETF | 16.61 |
| Voya Multi-Manager International Equity I | 8.05 |
| iShares Core S&P Mid-Cap ETF | 5.96 |
| Vanguard FTSE Emerging Markets ETF | 3.54 |
| Voya VACS Series EME Fund | 3.17 |
| Voya Intermediate Bond R6 | 2.90 |
| Voya Small Company R6 | 2.06 |
| Voya Small Cap Growth R6 | 1.07 |
| Vanguard Long-Term Treasury ETF | 0.97 |
| Total | #,###.2 |
Portfolio Composition
As of September 30, 2025
| Core Fixed Income | 2.90 |
| Long Govt Bonds | 0.97 |
| US Small Cap | 3.13 |
| US Mid Cap Blend | 5.96 |
| Emerging Markets | 6.71 |
| International | 24.66 |
| US Large Blend | 55.65 |
| Total | #,###.2 |
Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to daily change.
Distributions
No distributions paid in the last 12 months.
Income Dividend: Payout to shareholders of interest, dividends, or other income received by the Fund, net of operating expenses. By law, all such income must be distributed to shareholders, who may choose to take the money in cash or reinvest it in more shares of the Fund.
Short-Term Capital Gain: The profit realized from the sale of securities held for less than one year.
Long-Term Capital Gain: Gain on the sale of a security where the holding period was 12 months or more and the profit was subject to the long-term capital gains tax.
Investment Team
Portfolio Management Team
Voya Investments, LLC
Investment Adviser
Voya Investment Management Co. LLC
Investment Sub-Adviser
Barbara Reinhard , CFA
CIO, Multi-Asset Strategies and Solutions
Years of Experience: 32
Years with Voya: 9
Biography
Lanyon Blair , CFA, CAIA
Head of Manager Research and Selection
Years of Experience: 17
Years with Voya: 10
BiographyDisclosures
Principal Risks
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. You could lose money on your investment and any of the following risks, among others, could affect investment performance. The following principal risks are presented in alphabetical order which does not imply order of importance or likelihood: Affiliated Underlying Funds; Asset Allocation; Bank Instruments; Cash/ Cash Equivalents; Commodities; Company; Credit; Credit Default Swaps; Currency; Deflation; Derivative Instruments; Environmental, Social, and Governance (Funds-of-Funds); Floating Rate Loans; Foreign (Non-U.S.) Investments/ Developing and Emerging Markets; Growth Investing; High-Yield Securities; Index Strategy (Funds-of-Funds); Inflation-Indexed Bonds; Interest Rate; Liquidity; Market; Market Capitalization; Market Disruption and Geopolitical; Natural Resources/ Commodity Securities; Portfolio Turnover; Prepayment and Extension; Real Estate Companies and Real Estate Investment Trusts; U.S. Government Securities and Obligations; Underlying Funds; Value Investing. The “target date” is the approximate date when an investor plans to start withdrawing their money. When their target date is reached, they may have more or less than the original amount invested. For each target-date portfolio, until the day prior to its target date, the portfolio will seek to provide total returns consistent with an asset allocation targeted for an investor who is retiring in approximately each portfolio’s designated target year. On the target date, the portfolio will seek to provide a combination of total return and stability of principal. There is no guarantee that any investment option will achieve its stated objective. Principal value fluctuates and there is no guarantee of value at any time, including the target date. Important factors to consider when planning for retirement include your expected expenses, sources of income, and available assets. Before investing in the Voya Target Retirement Fund, weigh your objectives, time horizon, and risk tolerance. Diversification cannot assure a profit or protect against loss in a declining market. Investors should consult the Fund’s Prospectus and Statement of Additional Information for a more detailed discussion of the Fund’s risks.
The fund discussed may be available to you as part of your employer sponsored retirement plan. There may be additional plan level fees resulting in personal performance that varies from stated performance. Please call your benefits office for more information.
*Multi-Manager refers to the use of investment managers including Voya Investment Management and outside managers, which may be offered through affiliated sub-advised funds.