XML 13 R3.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName Voya MUTUAL FUNDS
Prospectus Date rr_ProspectusDate Feb. 28, 2018
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

VOYA MUTUAL FUNDS

Voya Global Real Estate Fund

Voya International Real Estate Fund

(each a “Fund” and collectively the “Funds”)

 

Supplement dated November 30, 2018

to Voya Global Real Estate Fund’s Class A, Class C, Class I, Class O, Class R, Class R6, Class T and Class W Prospectus and Summary Prospectus, and to Voya International Real Estate Fund’s Class A, Class C, Class I, Class T and Class W Prospectus and Summary Prospectus

each dated February 28, 2018

(each a “Prospectus” and collectively the “Prospectuses”)

 

On November 16, 2018, the Board of Trustees of Voya Mutual Funds approved modifications with respect to Voya Global Real Estate Fund’s sub-advisory fee and expense limits, and to Voya International Real Estate Fund’s management fee, sub-advisory fee and expense limits, effective January 1, 2019.

 

Effective January 1, 2019, the Funds’ Prospectuses are revised as follows:

 

VOYA GLOBAL REAL ESTATE FUND

 

1.The section entitled “Annual Fund Operating Expenses” in the summary section of the Fund’s Prospectuses is deleted and replaced with the following:

Annual Fund Operating Expenses2
Expenses you pay each year as a % of the value of your investment

 

Class   A C I O
Management Fees % 0.82 0.82 0.82 0.82
Distribution and/or Shareholder Services (12b-1) Fees % 0.25 1.00 None 0.25
Other Expenses % 0.28 0.28 0.24 0.28
Total Annual Fund Operating Expenses % 1.35 2.10 1.06 1.35
Waivers and Reimbursements3 % (0.09) (0.09) (0.05) (0.09)
Total Annual Fund Operating Expenses After Waivers and Reimbursements % 1.26 2.01 1.01 1.26

 

Class   R R6 T4 W
Management Fees % 0.82 0.82 0.82 0.82
Distribution and/or Shareholder Services (12b-1) Fees % 0.50 None 0.25 None
Other Expenses % 0.28 0.09 0.28 0.28
Total Annual Fund Operating Expenses % 1.60 0.91 1.35 1.10
Waivers and Reimbursements3 % (0.09) None (0.09) (0.09)
Total Annual Fund Operating Expenses After Waivers and Reimbursements % 1.51 0.91 1.26 1.01

 

1A contingent deferred sales charge of 1.00% is assessed on certain redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1 million or more.
2Expense information has been restated to reflect current contractual rates.
3The adviser is contractually obligated to limit expenses to 1.30%, 2.05%, 1.05%, 1.30%, 1.55%, 1.00%, 1.30%, and 1.05% for Class A, Class C, Class I, Class O, Class R, Class R6, Class T, and Class W shares, respectively, through March 1, 2019. This limitation is subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. In addition, the adviser is contractually obligated to further limit expenses to 1.26%, 2.01%, 1.01%, 1.26%, 1.51%, 0.96%, 1.26% and 1.01% for Class A, Class C, Class I, Class O, Class R, Class R6, Class T, and Class W shares, respectively, through March 1, 2020. The limitations do not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fund Fees and Expenses. Termination or modification of these obligations requires approval by the Fund’s board.
4Other Expenses are estimated for the current fiscal year.

 

2.The section entitled “Expense Example” in the summary section of the Fund’s Prospectuses is deleted and replaced with the following:

 

Expense Example

The Example is intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example shows costs if you sold (redeemed) your shares at the end of the period or continued to hold them. The Example also assumes that your investment had a 5% return each year and that the Fund’s operating expenses remain the same. The Example reflects applicable expense limitation agreements and/or waivers in effect, if any, for the one-year period and the first year of the three-, five-, and ten-year periods. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

Class Share Status   1 Yr 3 Yrs 5 Yrs 10 Yrs
A Sold or Held $ 696 970 1,264 2,098
C Sold $ 304 649 1,121 2,424
  Held $ 204 649 1,121 2,424
I Sold or Held $ 103 332 580 1,290
O Sold or Held $ 128 419 731 1,616
R Sold or Held $ 154 496 862 1,893
R6 Sold or Held $ 93 290 504 1,120
T Sold or Held $ 375 658 963 1,826
W Sold or Held $ 103 341 597 1,332

 

 

VOYA INTERNATIONAL REAL ESTATE FUND

 

3.The section entitled “Annual Fund Operating Expenses” in the summary section of the Fund’s Prospectuses is deleted and replaced with the following:

Annual Fund Operating Expenses2
Expenses you pay each year as a % of the value of your investment

 

Class   A C I T3 W
Management Fees % 0.90 0.90 0.90 0.90 0.90
Distribution and/or Shareholder Services (12b-1) Fees % 0.25 1.00 None 0.25 None
Other Expenses % 0.26 0.26 0.20 0.26 0.26
Total Annual Fund Operating Expenses % 1.41 2.16 1.10 1.41 1.16
Waivers and Reimbursements4 % (0.15) (0.15) (0.09) (0.15) (0.15)

Total Annual Fund Operating Expenses After Waivers and Reimbursements % 1.26 2.01 1.01 1.26 1.01

 

1A contingent deferred sales charge of 1.00% is assessed on certain redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1 million or more.
2Expense information has been restated to reflect current contractual rates.
3Other Expenses are estimated for the current fiscal year.
4The adviser and sub-adviser are contractually obligated to limit expenses to 1.30%, 2.05%, 1.05%, 1.30%, and 1.05% for Class A, Class C, Class I, Class T, and Class W shares, respectively, through March 1, 2020. This limitation is subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. In addition, the adviser and sub-adviser are contractually obligated to further limit expenses whereby the sub-adviser will pay the incremental costs necessary to further limit expenses to 1.25%, 2.00%, 1.00%, 1.25%, and 1.00% for Class A, Class C, Class I, Class T, and Class W shares, respectively, through March 1, 2020. The limitations do not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fund Fees and Expenses. Termination or modification of these obligations requires approval by the Fund’s board.

 

4.The section entitled “Expense Example” in the summary section of the Fund’s Prospectuses is deleted and replaced with the following:

 

Expense Example

The Example is intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example shows costs if you sold (redeemed) your shares at the end of the period or continued to hold them. The Example also assumes that your investment had a 5% return each year and that the Fund’s operating expenses remain the same. The Example reflects applicable expense limitation agreements and/or waivers in effect, if any, for the one-year period and the first year of the three-, five-, and ten-year periods. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

Class Share Status   1 Yr 3 Yrs 5 Yrs 10 Yrs
A Sold or Held $ 696 982 1,288 2,156
C Sold $ 304 662 1,146 2,481
  Held $ 204 662 1,146 2,481
I Sold or Held $ 103 341 597 1,332
T Sold or Held $ 375 671 988 1,886
W Sold or Held $ 103 354 624 1,396
Voya Global Real Estate Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

VOYA MUTUAL FUNDS

Voya Global Real Estate Fund

(each a “Fund” and collectively the “Funds”)

 

Supplement dated November 30, 2018

to Voya Global Real Estate Fund’s Class A, Class C, Class I, Class O, Class R, Class R6, Class T and Class W Prospectus and Summary Prospectus, and to Voya International Real Estate Fund’s Class A, Class C, Class I, Class T and Class W Prospectus and Summary Prospectus

each dated February 28, 2018

(each a “Prospectus” and collectively the “Prospectuses”)

 

On November 16, 2018, the Board of Trustees of Voya Mutual Funds approved modifications with respect to Voya Global Real Estate Fund’s sub-advisory fee and expense limits, and to Voya International Real Estate Fund’s management fee, sub-advisory fee and expense limits, effective January 1, 2019.

 

Effective January 1, 2019, the Funds’ Prospectuses are revised as follows:

 

VOYA GLOBAL REAL ESTATE FUND

 

1.The section entitled “Annual Fund Operating Expenses” in the summary section of the Fund’s Prospectuses is deleted and replaced with the following:

Annual Fund Operating Expenses2
Expenses you pay each year as a % of the value of your investment

 

Class   A C I O
Management Fees % 0.82 0.82 0.82 0.82
Distribution and/or Shareholder Services (12b-1) Fees % 0.25 1.00 None 0.25
Other Expenses % 0.28 0.28 0.24 0.28
Total Annual Fund Operating Expenses % 1.35 2.10 1.06 1.35
Waivers and Reimbursements3 % (0.09) (0.09) (0.05) (0.09)
Total Annual Fund Operating Expenses After Waivers and Reimbursements % 1.26 2.01 1.01 1.26

 

Class   R R6 T4 W
Management Fees % 0.82 0.82 0.82 0.82
Distribution and/or Shareholder Services (12b-1) Fees % 0.50 None 0.25 None
Other Expenses % 0.28 0.09 0.28 0.28
Total Annual Fund Operating Expenses % 1.60 0.91 1.35 1.10
Waivers and Reimbursements3 % (0.09) None (0.09) (0.09)
Total Annual Fund Operating Expenses After Waivers and Reimbursements % 1.51 0.91 1.26 1.01

 

1A contingent deferred sales charge of 1.00% is assessed on certain redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1 million or more.
2Expense information has been restated to reflect current contractual rates.
3The adviser is contractually obligated to limit expenses to 1.30%, 2.05%, 1.05%, 1.30%, 1.55%, 1.00%, 1.30%, and 1.05% for Class A, Class C, Class I, Class O, Class R, Class R6, Class T, and Class W shares, respectively, through March 1, 2019. This limitation is subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. In addition, the adviser is contractually obligated to further limit expenses to 1.26%, 2.01%, 1.01%, 1.26%, 1.51%, 0.96%, 1.26% and 1.01% for Class A, Class C, Class I, Class O, Class R, Class R6, Class T, and Class W shares, respectively, through March 1, 2020. The limitations do not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fund Fees and Expenses. Termination or modification of these obligations requires approval by the Fund’s board.
4Other Expenses are estimated for the current fiscal year.

 

2.The section entitled “Expense Example” in the summary section of the Fund’s Prospectuses is deleted and replaced with the following:

 

Expense Example

The Example is intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example shows costs if you sold (redeemed) your shares at the end of the period or continued to hold them. The Example also assumes that your investment had a 5% return each year and that the Fund’s operating expenses remain the same. The Example reflects applicable expense limitation agreements and/or waivers in effect, if any, for the one-year period and the first year of the three-, five-, and ten-year periods. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

Class Share Status   1 Yr 3 Yrs 5 Yrs 10 Yrs
A Sold or Held $ 696 970 1,264 2,098
C Sold $ 304 649 1,121 2,424
  Held $ 204 649 1,121 2,424
I Sold or Held $ 103 332 580 1,290
O Sold or Held $ 128 419 731 1,616
R Sold or Held $ 154 496 862 1,893
R6 Sold or Held $ 93 290 504 1,120
T Sold or Held $ 375 658 963 1,826
W Sold or Held $ 103 341 597 1,332
Operating Expenses Caption [Text] rr_OperatingExpensesCaption <b>Annual Fund Operating Expenses</b><br/>Expenses you pay each year as a % of the value of your investment
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination March 1, 2019<br/><br/>March 1, 2020
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge of 1.00% is assessed on certain redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1 million or more.
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent Expense information has been restated to reflect current contractual rates.
Expense Example [Heading] rr_ExpenseExampleHeading <b>Expense Example</b>
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example shows costs if you sold (redeemed) your shares at the end of the period or continued to hold them. The Example also assumes that your investment had a 5% return each year and that the Fund’s operating expenses remain the same. The Example reflects applicable expense limitation agreements and/or waivers in effect, if any, for the one-year period and the first year of the three-, five-, and ten-year periods. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Voya Global Real Estate Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.82% [1]
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25% [1]
Other Expenses rr_OtherExpensesOverAssets 0.28% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.35% [1]
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.09%) [1],[2]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 1.26% [1]
1 Yr rr_ExpenseExampleYear01 $ 696
3 Yrs rr_ExpenseExampleYear03 970
5 Yrs rr_ExpenseExampleYear05 1,264
10 Yrs rr_ExpenseExampleYear10 2,098
1 Yr rr_ExpenseExampleNoRedemptionYear01 696
3 Yrs rr_ExpenseExampleNoRedemptionYear03 970
5 Yrs rr_ExpenseExampleNoRedemptionYear05 1,264
10 Yrs rr_ExpenseExampleNoRedemptionYear10 $ 2,098
Voya Global Real Estate Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.82% [1]
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00% [1]
Other Expenses rr_OtherExpensesOverAssets 0.28% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.10% [1]
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.09%) [1],[2]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 2.01% [1]
1 Yr rr_ExpenseExampleYear01 $ 304
3 Yrs rr_ExpenseExampleYear03 649
5 Yrs rr_ExpenseExampleYear05 1,121
10 Yrs rr_ExpenseExampleYear10 2,424
1 Yr rr_ExpenseExampleNoRedemptionYear01 204
3 Yrs rr_ExpenseExampleNoRedemptionYear03 649
5 Yrs rr_ExpenseExampleNoRedemptionYear05 1,121
10 Yrs rr_ExpenseExampleNoRedemptionYear10 $ 2,424
Voya Global Real Estate Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.82% [1]
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none [1]
Other Expenses rr_OtherExpensesOverAssets 0.24% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.06% [1]
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.05%) [1],[2]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 1.01% [1]
1 Yr rr_ExpenseExampleYear01 $ 103
3 Yrs rr_ExpenseExampleYear03 332
5 Yrs rr_ExpenseExampleYear05 580
10 Yrs rr_ExpenseExampleYear10 1,290
1 Yr rr_ExpenseExampleNoRedemptionYear01 103
3 Yrs rr_ExpenseExampleNoRedemptionYear03 332
5 Yrs rr_ExpenseExampleNoRedemptionYear05 580
10 Yrs rr_ExpenseExampleNoRedemptionYear10 $ 1,290
Voya Global Real Estate Fund | Class O  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.82% [1]
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25% [1]
Other Expenses rr_OtherExpensesOverAssets 0.28% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.35% [1]
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.09%) [1],[2]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 1.26% [1]
1 Yr rr_ExpenseExampleYear01 $ 128
3 Yrs rr_ExpenseExampleYear03 419
5 Yrs rr_ExpenseExampleYear05 731
10 Yrs rr_ExpenseExampleYear10 1,616
1 Yr rr_ExpenseExampleNoRedemptionYear01 128
3 Yrs rr_ExpenseExampleNoRedemptionYear03 419
5 Yrs rr_ExpenseExampleNoRedemptionYear05 731
10 Yrs rr_ExpenseExampleNoRedemptionYear10 $ 1,616
Voya Global Real Estate Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.82% [1]
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50% [1]
Other Expenses rr_OtherExpensesOverAssets 0.28% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.60% [1]
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.09%) [1],[2]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 1.51% [1]
1 Yr rr_ExpenseExampleYear01 $ 154
3 Yrs rr_ExpenseExampleYear03 496
5 Yrs rr_ExpenseExampleYear05 862
10 Yrs rr_ExpenseExampleYear10 1,893
1 Yr rr_ExpenseExampleNoRedemptionYear01 154
3 Yrs rr_ExpenseExampleNoRedemptionYear03 496
5 Yrs rr_ExpenseExampleNoRedemptionYear05 862
10 Yrs rr_ExpenseExampleNoRedemptionYear10 $ 1,893
Voya Global Real Estate Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.82% [1]
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none [1]
Other Expenses rr_OtherExpensesOverAssets 0.09% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.91% [1]
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets none [1],[2]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 0.91% [1]
1 Yr rr_ExpenseExampleYear01 $ 93
3 Yrs rr_ExpenseExampleYear03 290
5 Yrs rr_ExpenseExampleYear05 504
10 Yrs rr_ExpenseExampleYear10 1,120
1 Yr rr_ExpenseExampleNoRedemptionYear01 93
3 Yrs rr_ExpenseExampleNoRedemptionYear03 290
5 Yrs rr_ExpenseExampleNoRedemptionYear05 504
10 Yrs rr_ExpenseExampleNoRedemptionYear10 $ 1,120
Voya Global Real Estate Fund | Class T  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.82% [1],[3]
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25% [1],[3]
Other Expenses rr_OtherExpensesOverAssets 0.28% [1],[3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.35% [1],[3]
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.09%) [1],[2],[3]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 1.26% [1],[3]
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Other Expenses are estimated for the current fiscal year.
1 Yr rr_ExpenseExampleYear01 $ 375
3 Yrs rr_ExpenseExampleYear03 658
5 Yrs rr_ExpenseExampleYear05 963
10 Yrs rr_ExpenseExampleYear10 1,826
1 Yr rr_ExpenseExampleNoRedemptionYear01 375
3 Yrs rr_ExpenseExampleNoRedemptionYear03 658
5 Yrs rr_ExpenseExampleNoRedemptionYear05 963
10 Yrs rr_ExpenseExampleNoRedemptionYear10 $ 1,826
Voya Global Real Estate Fund | Class W  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.82% [1]
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none [1]
Other Expenses rr_OtherExpensesOverAssets 0.28% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.10% [1]
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.09%) [1],[2]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 1.01% [1]
1 Yr rr_ExpenseExampleYear01 $ 103
3 Yrs rr_ExpenseExampleYear03 341
5 Yrs rr_ExpenseExampleYear05 597
10 Yrs rr_ExpenseExampleYear10 1,332
1 Yr rr_ExpenseExampleNoRedemptionYear01 103
3 Yrs rr_ExpenseExampleNoRedemptionYear03 341
5 Yrs rr_ExpenseExampleNoRedemptionYear05 597
10 Yrs rr_ExpenseExampleNoRedemptionYear10 $ 1,332
Voya International Real Estate Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

VOYA MUTUAL FUNDS

Voya International Real Estate Fund

(each a “Fund” and collectively the “Funds”)

 

Supplement dated November 30, 2018

to Voya Global Real Estate Fund’s Class A, Class C, Class I, Class O, Class R, Class R6, Class T and Class W Prospectus and Summary Prospectus, and to Voya International Real Estate Fund’s Class A, Class C, Class I, Class T and Class W Prospectus and Summary Prospectus

each dated February 28, 2018

(each a “Prospectus” and collectively the “Prospectuses”)

 

On November 16, 2018, the Board of Trustees of Voya Mutual Funds approved modifications with respect to Voya Global Real Estate Fund’s sub-advisory fee and expense limits, and to Voya International Real Estate Fund’s management fee, sub-advisory fee and expense limits, effective January 1, 2019.

 

Effective January 1, 2019, the Funds’ Prospectuses are revised as follows:

 

VOYA INTERNATIONAL REAL ESTATE FUND

 

3.The section entitled “Annual Fund Operating Expenses” in the summary section of the Fund’s Prospectuses is deleted and replaced with the following:

Annual Fund Operating Expenses2
Expenses you pay each year as a % of the value of your investment

 

Class   A C I T3 W
Management Fees % 0.90 0.90 0.90 0.90 0.90
Distribution and/or Shareholder Services (12b-1) Fees % 0.25 1.00 None 0.25 None
Other Expenses % 0.26 0.26 0.20 0.26 0.26
Total Annual Fund Operating Expenses % 1.41 2.16 1.10 1.41 1.16
Waivers and Reimbursements4 % (0.15) (0.15) (0.09) (0.15) (0.15)

Total Annual Fund Operating Expenses After Waivers and Reimbursements % 1.26 2.01 1.01 1.26 1.01

 

1A contingent deferred sales charge of 1.00% is assessed on certain redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1 million or more.
2Expense information has been restated to reflect current contractual rates.
3Other Expenses are estimated for the current fiscal year.
4The adviser and sub-adviser are contractually obligated to limit expenses to 1.30%, 2.05%, 1.05%, 1.30%, and 1.05% for Class A, Class C, Class I, Class T, and Class W shares, respectively, through March 1, 2020. This limitation is subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. In addition, the adviser and sub-adviser are contractually obligated to further limit expenses whereby the sub-adviser will pay the incremental costs necessary to further limit expenses to 1.25%, 2.00%, 1.00%, 1.25%, and 1.00% for Class A, Class C, Class I, Class T, and Class W shares, respectively, through March 1, 2020. The limitations do not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fund Fees and Expenses. Termination or modification of these obligations requires approval by the Fund’s board.

 

4.The section entitled “Expense Example” in the summary section of the Fund’s Prospectuses is deleted and replaced with the following:

 

Expense Example

The Example is intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example shows costs if you sold (redeemed) your shares at the end of the period or continued to hold them. The Example also assumes that your investment had a 5% return each year and that the Fund’s operating expenses remain the same. The Example reflects applicable expense limitation agreements and/or waivers in effect, if any, for the one-year period and the first year of the three-, five-, and ten-year periods. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

Class Share Status   1 Yr 3 Yrs 5 Yrs 10 Yrs
A Sold or Held $ 696 982 1,288 2,156
C Sold $ 304 662 1,146 2,481
  Held $ 204 662 1,146 2,481
I Sold or Held $ 103 341 597 1,332
T Sold or Held $ 375 671 988 1,886
W Sold or Held $ 103 354 624 1,396
Operating Expenses Caption [Text] rr_OperatingExpensesCaption <b>Annual Fund Operating Expenses</b><br/>Expenses you pay each year as a % of the value of your investment
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination March 1, 2020
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge of 1.00% is assessed on certain redemptions of Class A shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $1 million or more.
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent Expense information has been restated to reflect current contractual rates.
Expense Example [Heading] rr_ExpenseExampleHeading <b>Expense Example</b>
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example is intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example shows costs if you sold (redeemed) your shares at the end of the period or continued to hold them. The Example also assumes that your investment had a 5% return each year and that the Fund’s operating expenses remain the same. The Example reflects applicable expense limitation agreements and/or waivers in effect, if any, for the one-year period and the first year of the three-, five-, and ten-year periods. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Voya International Real Estate Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.90% [1]
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25% [1]
Other Expenses rr_OtherExpensesOverAssets 0.26% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.41% [1]
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.15%) [1],[4]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 1.26% [1]
1 Yr rr_ExpenseExampleYear01 $ 696
3 Yrs rr_ExpenseExampleYear03 982
5 Yrs rr_ExpenseExampleYear05 1,288
10 Yrs rr_ExpenseExampleYear10 2,156
1 Yr rr_ExpenseExampleNoRedemptionYear01 696
3 Yrs rr_ExpenseExampleNoRedemptionYear03 982
5 Yrs rr_ExpenseExampleNoRedemptionYear05 1,288
10 Yrs rr_ExpenseExampleNoRedemptionYear10 $ 2,156
Voya International Real Estate Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.90% [1]
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00% [1]
Other Expenses rr_OtherExpensesOverAssets 0.26% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.16% [1]
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.15%) [1],[4]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 2.01% [1]
1 Yr rr_ExpenseExampleYear01 $ 304
3 Yrs rr_ExpenseExampleYear03 662
5 Yrs rr_ExpenseExampleYear05 1,146
10 Yrs rr_ExpenseExampleYear10 2,481
1 Yr rr_ExpenseExampleNoRedemptionYear01 204
3 Yrs rr_ExpenseExampleNoRedemptionYear03 662
5 Yrs rr_ExpenseExampleNoRedemptionYear05 1,146
10 Yrs rr_ExpenseExampleNoRedemptionYear10 $ 2,481
Voya International Real Estate Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.90% [1]
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none [1]
Other Expenses rr_OtherExpensesOverAssets 0.20% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.10% [1]
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.09%) [1],[4]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 1.01% [1]
1 Yr rr_ExpenseExampleYear01 $ 103
3 Yrs rr_ExpenseExampleYear03 341
5 Yrs rr_ExpenseExampleYear05 597
10 Yrs rr_ExpenseExampleYear10 1,332
1 Yr rr_ExpenseExampleNoRedemptionYear01 103
3 Yrs rr_ExpenseExampleNoRedemptionYear03 341
5 Yrs rr_ExpenseExampleNoRedemptionYear05 597
10 Yrs rr_ExpenseExampleNoRedemptionYear10 $ 1,332
Voya International Real Estate Fund | Class T  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.90% [1],[3]
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25% [1],[3]
Other Expenses rr_OtherExpensesOverAssets 0.26% [1],[3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.41% [1],[3]
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.15%) [1],[3],[4]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 1.26% [1],[3]
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Other Expenses are estimated for the current fiscal year.
1 Yr rr_ExpenseExampleYear01 $ 375
3 Yrs rr_ExpenseExampleYear03 671
5 Yrs rr_ExpenseExampleYear05 988
10 Yrs rr_ExpenseExampleYear10 1,886
1 Yr rr_ExpenseExampleNoRedemptionYear01 375
3 Yrs rr_ExpenseExampleNoRedemptionYear03 671
5 Yrs rr_ExpenseExampleNoRedemptionYear05 988
10 Yrs rr_ExpenseExampleNoRedemptionYear10 $ 1,886
Voya International Real Estate Fund | Class W  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.90% [1]
Distribution and/or Shareholder Services (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none [1]
Other Expenses rr_OtherExpensesOverAssets 0.26% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.16% [1]
Waivers and Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.15%) [1],[4]
Total Annual Fund Operating Expenses After Waivers and Reimbursements rr_NetExpensesOverAssets 1.01% [1]
1 Yr rr_ExpenseExampleYear01 $ 103
3 Yrs rr_ExpenseExampleYear03 354
5 Yrs rr_ExpenseExampleYear05 624
10 Yrs rr_ExpenseExampleYear10 1,396
1 Yr rr_ExpenseExampleNoRedemptionYear01 103
3 Yrs rr_ExpenseExampleNoRedemptionYear03 354
5 Yrs rr_ExpenseExampleNoRedemptionYear05 624
10 Yrs rr_ExpenseExampleNoRedemptionYear10 $ 1,396
[1] Expense information has been restated to reflect current contractual rates.
[2] The adviser is contractually obligated to limit expenses to 1.30%, 2.05%, 1.05%, 1.30%, 1.55%, 1.00%, 1.30%, and 1.05% for Class A, Class C, Class I, Class O, Class R, Class R6, Class T, and Class W shares, respectively, through March 1, 2019. This limitation is subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. In addition, the adviser is contractually obligated to further limit expenses to 1.26%, 2.01%, 1.01%, 1.26%, 1.51%, 0.96%, 1.26% and 1.01% for Class A, Class C, Class I, Class O, Class R, Class R6, Class T, and Class W shares, respectively, through March 1, 2020. The limitations do not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fund Fees and Expenses. Termination or modification of these obligations requires approval by the Fund’s board.
[3] Other Expenses are estimated for the current fiscal year.
[4] The adviser and sub-adviser are contractually obligated to limit expenses to 1.30%, 2.05%, 1.05%, 1.30%, and 1.05% for Class A, Class C, Class I, Class T, and Class W shares, respectively, through March 1, 2020. This limitation is subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. In addition, the adviser and sub-adviser are contractually obligated to further limit expenses whereby the sub-adviser will pay the incremental costs necessary to further limit expenses to 1.25%, 2.00%, 1.00%, 1.25%, and 1.00% for Class A, Class C, Class I, Class T, and Class W shares, respectively, through March 1, 2020. The limitations do not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fund Fees and Expenses. Termination or modification of these obligations requires approval by the Fund’s board.