0000895430 2021-02-28 2021-02-28 0000895430 vmf:S000066944Member 2021-02-28 2021-02-28 pure iso4217:USD false 2022-01-18 2020-10-31 497 0000895430 N-1A <div style="padding-left: 244px; font: bold 15px/17px 'arial'; margin: 0px;">VOYA MUTUAL FUNDS</div> <div style="padding-left: 195px; font: 15px/17px 'arial'; margin: 0px;">Voya Global Diversified Payment Fund</div> <div style="padding-left: 274px; font: 15px/17px 'arial'; margin: 0px;">(the "Fund")</div> <div style="padding-left: 198px; margin-top: 16px; margin-bottom: 0px; font: 15px/17px 'arial';">Supplement dated January 18, 2022</div> <div style="padding-left: 74px; font: 15px/17px 'arial'; margin: 0px;">to the Fund's Class A, Class C, Class I, Class R, Class R6, Class T and Class W</div> <div style="padding-left: 175px; font: 15px/16px 'arial'; margin: 0px;">shares Prospectus dated February 28, 2021</div> <div style="padding-left: 255px; font: 15px/17px 'arial'; margin: 0px;">(the "Prospectus")</div> <div style="padding-right: 96px; margin-top: 17px; margin-bottom: 0px; font: 15px/17px 'arial';">The Fund combines a managed payment policy with a diversified investment portfolio of Voya mutual funds invested in global equity, fixed-income, and real estate securities.</div> <div style="text-align: justify; padding-left: 48px; padding-right: 96px; margin-top: 15px; margin-bottom: 0px; text-indent: -48px; font: 15px/17px 'arial';"><span style="font: 15px / 17px arial;">1.</span><span style="font: 15px / 17px arial; margin-left: 35px;">The fourth and fifth sentence in the third paragraph in the section entitled "Principal Investment Strategies" of the Fund's Prospectus is hereby deleted in its entirety and replaced with the following:</span></div> <div style="text-align: justify; padding-left: 48px; padding-right: 90px; margin-top: 16px; margin-bottom: 0px; font: 14px/16px 'arial';">The annual rate at which the Fund will make payments with respect to any share class is expected to range between 3.25% and 6.75%. During calendar year 2022, the Fund will make a level monthly payment of $0.038 per share for Class A shares, $0.034 per share for Class C shares, $0.040 per share for Class I shares, $0.036 per share for Class R shares, $0.040 per share for Class R6 shares, $0.038 per share for Class T shares, and $0.040 per share for Class W shares for 2022 based on Annual Payment Rates of 6.22% for Class A shares, 5.32% for Class C shares, 6.53% for Class I shares, 5.87% for Class R shares, 6.53% for Class R6 shares, 6.22% for Class T shares, and 6.47% for Class W shares.</div> <div style="padding-left: 244px; font: bold 15px/17px 'arial'; margin: 0px;">VOYA MUTUAL FUNDS</div> <div style="padding-left: 195px; font: 15px/17px 'arial'; margin: 0px;">Voya Global Diversified Payment Fund</div> <div style="padding-left: 274px; font: 15px/17px 'arial'; margin: 0px;">(the "Fund")</div> <div style="padding-left: 198px; margin-top: 16px; margin-bottom: 0px; font: 15px/17px 'arial';">Supplement dated January 18, 2022</div> <div style="padding-left: 74px; font: 15px/17px 'arial'; margin: 0px;">to the Fund's Class A, Class C, Class I, Class R, Class R6, Class T and Class W</div> <div style="padding-left: 175px; font: 15px/16px 'arial'; margin: 0px;">shares Prospectus dated February 28, 2021</div> <div style="padding-left: 255px; font: 15px/17px 'arial'; margin: 0px;">(the "Prospectus")</div> <div style="padding-right: 96px; margin-top: 17px; margin-bottom: 0px; font: 15px/17px 'arial';">The Fund combines a managed payment policy with a diversified investment portfolio of Voya mutual funds invested in global equity, fixed-income, and real estate securities.</div> <div style="text-align: justify; padding-left: 48px; padding-right: 96px; margin-top: 15px; margin-bottom: 0px; text-indent: -48px; font: 15px/17px 'arial';"><span style="font: 15px / 17px arial;">1.</span><span style="font: 15px / 17px arial; margin-left: 35px;">The fourth and fifth sentence in the third paragraph in the section entitled "Principal Investment Strategies" of the Fund's Prospectus is hereby deleted in its entirety and replaced with the following:</span></div> <div style="text-align: justify; padding-left: 48px; padding-right: 90px; margin-top: 16px; margin-bottom: 0px; font: 14px/16px 'arial';">The annual rate at which the Fund will make payments with respect to any share class is expected to range between 3.25% and 6.75%. During calendar year 2022, the Fund will make a level monthly payment of $0.038 per share for Class A shares, $0.034 per share for Class C shares, $0.040 per share for Class I shares, $0.036 per share for Class R shares, $0.040 per share for Class R6 shares, $0.038 per share for Class T shares, and $0.040 per share for Class W shares for 2022 based on Annual Payment Rates of 6.22% for Class A shares, 5.32% for Class C shares, 6.53% for Class I shares, 5.87% for Class R shares, 6.53% for Class R6 shares, 6.22% for Class T shares, and 6.47% for Class W shares.</div> VOYA MUTUAL FUNDS 2022-01-18 2021-02-28