0001124959
2025-06-28
2025-06-28
0001124959
false
424B3
VOYA CREDIT INCOME FUND
<div style="text-align:left;padding-left:51px;margin-top:16px;margin-bottom:0px;font:bold 15px 'times new roman';line-height:17px">IMPORTANT NOTICE REGARDING CHANGE IN INVESTMENT POLICY</div>
<div style="text-align:left;padding-right:100px;margin-top:18px;margin-bottom:0px;font:15px 'times new roman';line-height:17px">In accordance with recent changes to regulatory disclosure requirements regarding investment company names, the Fund’s policy to invest in accordance with the investment focus that the Fund’s name suggests (the “80% Investment Policy”) is changed effective August 27, 2025 (the “Effective Date”), as set forth below.</div>
<table cellpadding="0" cellspacing="0" style="text-align:start; width:624px;margin-top:13px;font:15px 'times new roman'">
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<td style="height:15.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;border-top:#000000 1px solid;padding:0pt;margin:0pt;width:233.25pt;vertical-align:bottom;background:#e7e6e6"><div style="text-align:left;padding-left:56px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:bold 15px 'times new roman';line-height:17px">Current 80% Investment Policy</div></td>
<td style="height:15.75pt;border-right:#000000 1px solid;border-top:#000000 1px solid;padding:0pt;margin:0pt;width:233.25pt;vertical-align:bottom;background:#e7e6e6"><div style="text-align:left;padding-left:39px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:bold 15px 'times new roman';line-height:17px">New 80% Investment Policy as of the</div></td>
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<td style="height:13.5pt;border-left:#000000 1px solid;border-right:#000000 1px solid;border-bottom:#000000 1px solid;padding:0pt;margin:0pt;width:233.25pt;vertical-align:bottom;background:#e7e6e6"><div style="text-align:left;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:1px 'times new roman';line-height:1px"> </div></td>
<td style="height:13.5pt;border-right:#000000 1px solid;border-bottom:#000000 1px solid;padding:0pt;margin:0pt;width:233.25pt;vertical-align:bottom;background:#e7e6e6"><div style="text-align:left;padding-left:111px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:bold 15px 'times new roman';line-height:17px">Effective Date</div></td>
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<td style="height:12pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:233.25pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:16px">The Fund seeks to achieve its investment</div></td>
<td style="height:12pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:233.25pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:16px">Under normal circumstances, the Fund invests at</div></td>
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<td style="height:12pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:233.25pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:16px">objective by investing, under normal market</div></td>
<td style="height:12pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:233.25pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:16px">least 80% of its net assets (plus the amount of any</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:233.25pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">conditions, at least 80% of its net assets (plus</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:233.25pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">borrowings for investment purposes) in</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:233.25pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">borrowings for investment purposes) in floating-</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:233.25pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">investments that are intended to provide economic</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:233.25pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">rate obligations, fixed-income securities, and</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:233.25pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">exposure to credit sectors.</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:233.25pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">derivative instruments intended to provide</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:233.25pt;vertical-align:bottom"><div style="text-align:left;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:1px 'times new roman';line-height:1px"> </div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;border-bottom:#000000 1px solid;padding:0pt;margin:0pt;width:233.25pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">economic exposure to such credit sectors.</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;border-bottom:#000000 1px solid;padding:0pt;margin:0pt;width:233.25pt;vertical-align:bottom"><div style="text-align:left;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:1px 'times new roman';line-height:1px"> </div></td>
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<div style="text-align:left;padding-right:96px;margin-top:15px;margin-bottom:0px;font:15px 'times new roman';line-height:17px">Although the Fund’s new 80% Investment Policy and related disclosure changes are set forth in the Fund’s Prospectus, these changes will not be effective until the Effective Date. Until the Effective Date, the Fund’s current 80% Investment Policy and related disclosure, as set forth in the table below under the heading “Current Disclosure”, will continue in effect and supersede the disclosure in the first two paragraphs in the section of the Prospectus entitled “Principal Investment Strategies” and the first four sentences of the second paragraph on the cover page of the Prospectus (which, for reference, is set forth in the table below under the heading “Disclosure as of the Effective Date”).</div>
<table cellpadding="0" cellspacing="0" style="text-align:start; width:624px;margin-top:12px;font:15px 'times new roman'">
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<td style="height:16.5pt;border-left:#000000 1px solid;border-right:#000000 1px solid;border-top:#000000 1px solid;border-bottom:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom;background:#e7e6e6"><div style="text-align:left;padding-left:105px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:bold 15px 'times new roman';line-height:17px">Current Disclosure</div></td>
<td style="height:16.5pt;border-right:#000000 1px solid;border-top:#000000 1px solid;border-bottom:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom;background:#e7e6e6"><div style="text-align:left;padding-left:39px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:bold 15px 'times new roman';line-height:17px">Disclosure as of the Effective Date</div></td>
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<td style="height:12pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:16px">The Fund allocates its assets among a broad range of</div></td>
<td style="height:12pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:16px">Under normal circumstances, the Fund invests</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">credit sectors, including corporate debt securities,</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">at least 80% of its net assets (plus the amount</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">loans, high yield debt securities, and CLOs. The Fund</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">of any borrowings for investment purposes) in</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">seeks to achieve its investment objective by</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">investments that are intended to provide</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">investing, under normal market conditions, at least</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">economic exposure to credit sectors. For</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">80% of its net assets (plus borrowings for investment</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">purposes of this 80% policy, credit sectors refer</div></td>
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<td style="height:12pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:16px">purposes) in floating-rate obligations, fixed-income</div></td>
<td style="height:12pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:16px">to a broad range of credit sectors, including,</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">securities, and derivative instruments intended to</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">without limitation, corporate debt instruments,</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">provide economic exposure to such credit sectors.</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">loans, high-yield debt instruments, and</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">The Fund will provide shareholders with at least 60</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">collateralized loan obligations (“CLOs”).</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">days’ prior notice of any change in this investment</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:1px 'times new roman';line-height:1px"> </div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">policy.</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">The Fund allocates its assets among a broad</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:1px 'times new roman';line-height:1px"> </div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">range of credit sectors and may invest in</div></td>
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<td style="height:12pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:16px">The Fund may invest in securities of any credit</div></td>
<td style="height:12pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:16px">securities of any credit quality, duration, or</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">quality, duration, or maturity and may invest without</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">maturity and may invest without limit in</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">limit in securities rated below investment grade</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">securities rated below investment grade</div></td>
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<td style="height:13.5pt;border-left:#000000 1px solid;border-right:#000000 1px solid;border-bottom:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">(securities rated Ba1 or below by Moody’s Investors</div></td>
<td style="height:13.5pt;border-right:#000000 1px solid;border-bottom:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">(sometimes referred to as “high-yield</div></td>
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</table>
<div style="text-align:left;margin-top:0px;margin-bottom:0px;font:16px 'times new roman';line-height:19px"></div><table cellpadding="0" cellspacing="0" style="text-align:start; width:624px;font:15px 'times new roman'">
<tr>
<td style="height:15.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;border-top:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">Service, Inc. (“Moody’s”), or BB+ or below by S&P</div></td>
<td style="height:15.75pt;border-right:#000000 1px solid;border-top:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">securities”, “high-yield bonds”, or “junk</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">Global Ratings (“S&P”), or Fitch Ratings, Inc.</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">bonds”). Below investment grade refers to a</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">(“Fitch”) or unrated securities judged by the Sub-</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">rating given by one or more nationally</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">Adviser to be of comparable quality. Investments</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">recognized statistical rating organizations (e.g.,</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">rated below investment grade (or similar quality if</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">rated Ba1 or below by Moody’s Ratings</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">unrated) are commonly known as high-yielding, high</div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">(“Moody’s”), or BB+ or below by S&P Global</div></td>
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<td style="height:12pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:8px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:16px">risk investments or as “junk” investments.</div></td>
<td style="height:12pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:16px">Ratings (“S&P”) or Fitch Ratings, Inc.</div></td>
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<td style="height:12.75pt;border-left:#000000 1px solid;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:1px 'times new roman';line-height:1px"> </div></td>
<td style="height:12.75pt;border-right:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">(“Fitch”)) or, if unrated, determined by the</div></td>
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<td style="height:13.5pt;border-left:#000000 1px solid;border-right:#000000 1px solid;border-bottom:#000000 1px solid;padding:0pt;margin:0pt;width:246.75pt;vertical-align:bottom"><div style="text-align:left;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:1px 'times new roman';line-height:1px"> </div></td>
<td style="height:13.5pt;border-right:#000000 1px solid;border-bottom:#000000 1px solid;padding:0pt;margin:0pt;width:219.75pt;vertical-align:bottom"><div style="text-align:left;padding-left:6px;margin-top:0px;margin-bottom:0px;white-space:nowrap;font:15px 'times new roman';line-height:17px">Fund to be of comparable quality.</div></td>
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</table><div style="text-align:justify;margin-top:14px;margin-bottom:0px;font:15px 'times new roman';line-height:19px"></div><div style="text-align:justify;margin-top:14px;margin-bottom:0px;font:15px 'times new roman';line-height:19px">In addition, the section of the Prospectus entitled “Additional Information About <div style="display:inline;">80</div>% Investment Policies Related to Fund Name” is inapplicable until the Effe<div style="display:inline;">ct</div>ive Date.</div>