0000895430 2023-02-28 2023-02-28 0000895430 vmf:S000066944Member 2023-02-28 2023-02-28 iso4217:USD pure false 2024-01-12 2022-10-31 497 0000895430 N-1A <div style="padding-left:244px;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:195px;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:274px;margin-top:1px;margin-bottom:0px;font:15px/17px 'arial';">(the "Fund")</div><div style="padding-left:198px;margin-top:14px;margin-bottom:0px;font:15px/17px 'arial';">Supplement dated January 12, 2024</div><div style="padding-left:14px;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, and Class W Shares' Prospectus, dated</div><div style="padding-left:196px;font:15px/17px 'arial';margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;">February 28, 2023, as supplemented</div><div style="padding-left:255px;margin-top:1px;margin-bottom:0px;font:15px/17px 'arial';">(the "Prospectus")</div><div style="padding-right:96px;margin-top:16px;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:16px;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: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:15px;margin-bottom:0px;font:15px/17px 'arial';">During calendar year 2024, 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, and $0.040 per share for Class W shares for 2024 based on Annual Payment Rates of 6.50% for Class A shares, 5.60% for Class C shares, 6.81% for Class I shares, 6.15% for Class R shares, 6.81% for Class R6 shares, and 6.75% for Class W shares.</div> <div style="padding-left:244px;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:195px;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:274px;margin-top:1px;margin-bottom:0px;font:15px/17px 'arial';">(the "Fund")</div><div style="padding-left:198px;margin-top:14px;margin-bottom:0px;font:15px/17px 'arial';">Supplement dated January 12, 2024</div><div style="padding-left:14px;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, and Class W Shares' Prospectus, dated</div><div style="padding-left:196px;font:15px/17px 'arial';margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;">February 28, 2023, as supplemented</div><div style="padding-left:255px;margin-top:1px;margin-bottom:0px;font:15px/17px 'arial';">(the "Prospectus")</div><div style="padding-right:96px;margin-top:16px;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:16px;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: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:15px;margin-bottom:0px;font:15px/17px 'arial';">During calendar year 2024, 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, and $0.040 per share for Class W shares for 2024 based on Annual Payment Rates of 6.50% for Class A shares, 5.60% for Class C shares, 6.81% for Class I shares, 6.15% for Class R shares, 6.81% for Class R6 shares, and 6.75% for Class W shares.</div> VOYA MUTUAL FUNDS 2024-01-12 2023-02-28