0000895430 2022-02-28 2022-02-28 0000895430 vmf:S000066944Member 2022-02-28 2022-02-28 pure iso4217:USD false 2023-01-13 2021-10-31 497 0000895430 N-1A <div style="padding-left:231px;font:bold 15px/18px 'arial';margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;">VOYA MUTUAL FUNDS</div><div style="padding-left:186px;font:15px/17px 'arial';margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;">Voya Global Diversified Payment Fund</div><div style="padding-left:273px;margin-top:3px;margin-bottom:0px;font:15px/17px 'arial';">(the "Fund")</div><div style="padding-left:194px;margin-top:14px;margin-bottom:0px;font:15px/17px 'arial';">Supplement dated January 13, 2023</div><div style="padding-left:21px;font:15px/17px 'arial';margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;">to the Fund's Class A, Class C, Class I, Class R, Class R6, Class T, and Class W Shares'</div><div style="padding-left:131px;font:15px/17px 'arial';margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;">Prospectus, dated February 28, 2022, as supplemented</div><div style="padding-left:253px;margin-top:3px;margin-bottom:0px;font:15px/17px 'arial';">(the "Prospectus")</div><div style="padding-right:96px;margin-top:16px;margin-bottom:0px;font:15px/19px '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:13px;margin-bottom:0px;text-indent:-48px;font:15px/18px 'arial';"><span style="font:15px/17px 'arial'">1.</span><span style="font:15px/18px 'arial';margin-left:36px">The fifth sentence in the third paragraph in the </span>sub-section of the Prospectus entitled "Principal Investment Strategies" in the Fund's Summary Section is hereby deleted and replaced with the following:</div><div style="text-align:justify;padding-left:48px;padding-right:96px;margin-top:14px;margin-bottom:0px;font:13px/16px 'arial';">During calendar year 2023, 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 2023 based on Annual Payment Rates of 6.30% for Class A shares, 5.40% for Class C shares, 6.61% for Class I shares, 5.95% for Class R shares, 6.61% for Class R6 shares, 6.30% for Class T shares, and 6.55% for Class W shares.</div> <div style="padding-left:231px;font:bold 15px/18px 'arial';margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;">VOYA MUTUAL FUNDS</div><div style="padding-left:186px;font:15px/17px 'arial';margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;">Voya Global Diversified Payment Fund</div><div style="padding-left:273px;margin-top:3px;margin-bottom:0px;font:15px/17px 'arial';">(the "Fund")</div><div style="padding-left:194px;margin-top:14px;margin-bottom:0px;font:15px/17px 'arial';">Supplement dated January 13, 2023</div><div style="padding-left:21px;font:15px/17px 'arial';margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;">to the Fund's Class A, Class C, Class I, Class R, Class R6, Class T, and Class W Shares'</div><div style="padding-left:131px;font:15px/17px 'arial';margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;">Prospectus, dated February 28, 2022, as supplemented</div><div style="padding-left:253px;margin-top:3px;margin-bottom:0px;font:15px/17px 'arial';">(the "Prospectus")</div><div style="padding-right:96px;margin-top:16px;margin-bottom:0px;font:15px/19px '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:13px;margin-bottom:0px;text-indent:-48px;font:15px/18px 'arial';"><span style="font:15px/17px 'arial'">1.</span><span style="font:15px/18px 'arial';margin-left:36px">The fifth sentence in the third paragraph in the </span>sub-section of the Prospectus entitled "Principal Investment Strategies" in the Fund's Summary Section is hereby deleted and replaced with the following:</div><div style="text-align:justify;padding-left:48px;padding-right:96px;margin-top:14px;margin-bottom:0px;font:13px/16px 'arial';">During calendar year 2023, 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 2023 based on Annual Payment Rates of 6.30% for Class A shares, 5.40% for Class C shares, 6.61% for Class I shares, 5.95% for Class R shares, 6.61% for Class R6 shares, 6.30% for Class T shares, and 6.55% for Class W shares.</div> VOYA MUTUAL FUNDS 2023-01-13 2022-02-28