Voya High Yield Portfolio
(the “Portfolio”)
Supplement dated June 25, 2025
to the Portfolio’s Adviser Class, Institutional Class, Service Class, and Service 2 Class Shares’
Prospectus,
dated May 1, 2025 , as supplemented
(the “Prospectus”)
Effective June 16, 2025: (1) Principal Investment Strategies and risks for the Portfolio are revised to allow the Portfolio to invest in convertible securities; (2) the secondary benchmark for the Portfolio is changed from Bloomberg High Yield Bond – 2% Issuer Constrained Composite Index to the ICE BofA U.S. High Yield Index; (3) Mohamed Basma, CFA and Randall Parrish, CFA are removed as portfolio managers for the Portfolio; and (4) Justin Kass, CFA, David J. Oberto, and Ethan Turner, CFA are added as portfolio managers for the Portfolio.
Effective immediately, the Prospectus is revised as follows:
1.All references to Mohamed Basma, CFA and Randall Parrish, CFA as portfolio managers for the Portfolio are deleted in their entirety.
2.The first paragraph in the section of the Prospectus entitled “Principal Investment Strategies” in the Portfolio’s Summary Section is deleted in its entirety and replaced with the following:
Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in a diversified portfolio of high-yield bonds. For purposes of this 80% policy, high-yield bonds (sometimes referred to as “high- yield securities” or “junk bonds ”) include, without limitation, bonds, debt instruments, and other fixed income and income-producing debt instruments, of any kind, issued or guaranteed by governmental or private-sector entities that are rated below investment grade by one or more nationally recognized statistical rating organizations (“NRSROs”) ( e.g. , rated Ba1 or below by Moody’s Ratings, or BB+ or below by S&P Global Ratings or Fitch Ratings, Inc.) or, if unrated, determined by the Fund to be of comparable quality. High-yield bonds include, but are not limited to: bank loans; payment- in - kind securities; fixed and variable floating rate and deferred interest debt obligations; convertible securities; zero-coupon bonds and debt obligations provided they meet the criteria for below investment grade set forth above.
3.The section of the Prospectus entitled “Principal Risks” in the Portfolio’s Summary Section is amended to include the following risk:
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.
4.The sub-section of the Prospectus entitled “Portfolio Management – Portfolio Managers” in the Portfolio’s Summary Section is deleted in its entirety and replaced with the following:
1
|
Portfolio Managers
|
|
|
Justin Kass, CFA
|
David J. Oberto
|
|
Portfolio Manager (since 06/25)
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Portfolio Manager (since 06/25)
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|
Ethan Turner, CFA
|
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Portfolio Manager (since 06/25)
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|
5.The table in the sub-section of the Prospectus entitled “Management of the Portfolios – Portfolio Management” is amended to include the following:
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Portfolio
|
Sub-
|
Portfolio
|
Recent Professional Experience
|
|
Manager
|
Adviser
|
|
|
|
Justin
|
Voya IM
|
Voya High Yield Portfolio
|
Mr. Kass, Senior Managing Director,
|
|
Kass,
|
|
|
Portfolio Manager, is chief investment
|
|
CFA
|
|
|
officer, co-head of income and growth at
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Voya IM. He joined the firm as part of
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Voya's acquisition of Allianz Global
|
|
|
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Investors U.S., where he was a portfolio
|
|
|
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|
manager, managing director, CIO, and co-
|
|
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|
|
head of the U.S. income and growth
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strategies team with portfolio
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|
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management, research and trading
|
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|
|
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responsibilities for the income and
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|
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strategies team. Prior to that at Allianz
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Global Investors U.S., Mr. Kass held
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portfolio manager responsibilities for the
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|
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U.S. convertible strategy and was a lead
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portfolio manager for the income and
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growth strategy since its inception and
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was also responsible for managing
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multiple closed- and open-end mutual
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|
funds.
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|
David J.
|
Voya IM
|
Voya High Yield Portfolio
|
Mr. Oberto, Portfolio Manager, joined
|
|
Oberto
|
|
|
Voya IM as part of Voya's acquisition of
|
|
|
|
|
Allianz Global Investors U.S., where he
|
|
|
|
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was a portfolio manager and director with
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portfolio management, research, and
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trading responsibilities for the income and
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growth strategies team. At Allianz Global
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Investors U.S., he served as portfolio
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manager for the U.S. High Yield Bond
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strategy and was also responsible for
|
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managing multiple closed-end and open-
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end mutual funds. Prior to that, Mr. Oberto
|
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was a portfolio administrator, a credit
|
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default swaps account manager and a
|
|
|
|
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trade-closer at Bain Capital.
|
|
Ethan
|
Voya IM
|
Voya High Yield Portfolio
|
Mr. Turner, Portfolio Manager, joined Voya
|
|
Turner,
|
|
|
IM as part of Voya's acquisition of Allianz
|
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CFA
|
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Global Investors U.S., where he was an
|
|
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analyst and vice president with research
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2
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|
![[image]](g71203ba507mau9m7i22w.jpg)
responsibilities for the income and growth strategies team. Prior to Allianz Global Investors U.S., he was a trading assistant. Prior to that, Mr. Turner was a lead analyst covering the financial sector at Relational Investors and a financial analyst at Sunstone Hotel Investors.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
3
![[image]](gcbvt0ksb9k8u9b8e7wzp.jpg)
VOYA INVESTORS TRUST
Voya High Yield Portfolio
(the “Portfolio”)
Supplement dated June 25, 2025
to the Portfolio’s Adviser Class, Institutional Class, Service Class, and Service 2 Class Shares’
Statement of Additional Information,
dated May 1, 2025
(the “SAI”)
Effective June 16, 2025: (1) Principal Investment Strategies and risks for the Portfolio are revised to allow the Portfolio to invest in convertible securities; (2) the secondary benchmark for the Portfolio is changed from Bloomberg High Yield Bond – 2% Issuer Constrained Composite Index to the ICE BofA U.S. High Yield Index; (3) Mohamed Basma, CFA and Randall Parrish, CFA are removed as portfolio managers for the Portfolio; and (4) Justin Kass, CFA, David J. Oberto, and Ethan Turner, CFA are added as portfolio managers for the Portfolio.
Effective immediately, the SAI is revised as follows:
1.All references to Mohamed Basma, CFA and Randall Parrish, CFA as portfolio managers for the Portfolio are deleted in their entirety.
2.The table in the sub-section of the SAI entitled “Sub-Advisers – Portfolio Management – Other Accounts Managed – Voya IM” is amended to include the following:
|
|
|
Registered Investment
|
Other Pooled
|
|
|
||
|
|
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Companies
|
Investment Vehicles
|
Other Accounts
|
|||
|
|
|
Number
|
Total Assets
|
Number
|
Total Assets
|
Number
|
Total Assets
|
|
Portfolio
|
|
of
|
|
of
|
|
of
|
|
|
Manager
|
Fund(s)
|
Accounts
|
|
Accounts
|
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Accounts
|
|
|
Justin
|
Voya High Yield
|
11
|
$9,782,814,131
|
43
|
$56,585,377,874
|
12
|
$1,677,184,413
|
|
Kass,
|
Portfolio
|
|
|
|
|
|
|
|
CFA5
|
|
|
|
|
|
|
|
|
David J.
|
Voya High Yield
|
9
|
$8,853,252,084
|
47
|
$56,171,396,699
|
6
|
$1,177,741,984
|
|
Oberto5
|
Portfolio
|
|
|
|
|
|
|
|
Ethan
|
Voya High Yield
|
10
|
$9,516,147,817
|
40
|
$54,420,949,069
|
6
|
$1,177,741,984
|
|
Turner,
|
Portfolio
|
|
|
|
|
|
|
|
CFA5
|
|
|
|
|
|
|
|
5As of March 31, 2025.
3.The line item with respect to the Portfolio in the table in the sub-section of the SAI entitled “Sub-Advisers – Portfolio Manager -Compensation – Voya IM” is deleted in its entirety and replaced with the following:
|
Fund
|
Portfolio Manager
|
Benchmark
|
|
Voya High Yield Portfolio
|
Justin Kass, CFA; David J. Oberto;
|
ICE BofA U.S. High Yield
|
|
|
and Ethan Turner, CFA
|
Index
|
4.The table in the sub-section of the SAI entitled “Sub-Advisers – Portfolio Management – Ownership of Securities” is amended to include the following:
1
![[image]](g2h9u8mge929z5q7gehmv.jpg)
|
Portfolio
|
Investment
|
Fund(s) Managed by the Portfolio
|
Dollar Range
|
|
Manager
|
Adviser or
|
Manager
|
of Fund
|
|
|
Sub-
|
|
Shares
|
|
|
Adviser
|
|
Owned
|
|
Justin Kass,
|
Voya IM
|
Voya High Yield Portfolio
|
None
|
|
CFA3
|
|
|
|
|
David J. Oberto3
|
Voya IM
|
Voya High Yield Portfolio
|
None
|
|
Ethan Turner,
|
Voya IM
|
Voya High Yield Portfolio
|
None
|
|
CFA3
|
|
|
|
3As of March 31, 2025.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
2