0000895430 2024-02-29 2024-02-29 0000895430 vmf:S000008527Member 2024-02-29 2024-02-29 iso4217:USD pure false 2025-02-14 2023-10-31 497 0000895430 N-1A <div class="p0 ft0" style="text-align:left;padding-left:230px;margin-top:0px;margin-bottom:0px;font:bold 15px 'times new roman';line-height:17px;">VOYA MUTUAL FUNDS</div><div class="p1 ft1" style="text-align:left;padding-left:166px;margin-top:0px;margin-bottom:0px;font:15px 'times new roman';line-height:17px;">Voya Global High Dividend Low Volatility Fund</div><div class="p2 ft1" style="text-align:left;padding-left:275px;margin-top:0px;margin-bottom:0px;font:15px 'times new roman';line-height:17px;">(the “Fund”)</div><div class="p3 ft1" style="text-align:left;padding-left:203px;margin-top:16px;margin-bottom:0px;font:15px 'times new roman';line-height:17px;">Supplement dated February 14, 2025</div><div class="p4 ft1" style="text-align:left;padding-left:104px;margin-top:0px;margin-bottom:0px;font:15px 'times new roman';line-height:17px;">to the Fund’s Class A, Class C, Class I, Class R6, and Class W Shares’</div><div class="p5 ft1" style="text-align:left;padding-left:61px;margin-top:0px;margin-bottom:0px;font:15px 'times new roman';line-height:17px;">Summary Prospectus and Prospectus, each dated February 29, 2024, as supplemented</div><div class="p6 ft1" style="text-align:left;padding-left:224px;margin-top:0px;margin-bottom:0px;font:15px 'times new roman';line-height:17px;">(together, the “Prospectuses”)</div><div class="p7 ft0" style="text-align:left;padding-left:63px;margin-top:17px;margin-bottom:0px;font:bold 15px 'times new roman';line-height:17px;">IMPORTANT NOTICE REGARDING CHANGE IN INVESTMENT POLICY</div><div class="p8 ft1" style="text-align:justify;padding-right:96px;margin-top:17px;margin-bottom:0px;font:15px 'times new roman';line-height:17px;">As stated in the section of the Prospectuses entitled “Principal Investment Strategies,” under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in a portfolio of equity securities (the “Investment Policy”). The Fund is required to provide shareholders with 60 days’ prior notice of any change in this Investment Policy (the “Notice Requirement”). Effective 60 days from the date of the supplement (the “Effective Date”), the Fund is eliminating the Notice Requirement as it relates to this Investment Policy. Therefore, as of the Effective Date, the Fund will no longer be required to provide shareholders with 60 days’ prior notice of any change in this Investment Policy. The Notice Requirement was adopted based on regulatory requirements that applied to the Fund’s former name and is not required based on the Fund’s current name.</div> <div class="p0 ft0" style="text-align:left;padding-left:230px;margin-top:0px;margin-bottom:0px;font:bold 15px 'times new roman';line-height:17px;">VOYA MUTUAL FUNDS</div><div class="p1 ft1" style="text-align:left;padding-left:166px;margin-top:0px;margin-bottom:0px;font:15px 'times new roman';line-height:17px;">Voya Global High Dividend Low Volatility Fund</div><div class="p2 ft1" style="text-align:left;padding-left:275px;margin-top:0px;margin-bottom:0px;font:15px 'times new roman';line-height:17px;">(the “Fund”)</div><div class="p3 ft1" style="text-align:left;padding-left:203px;margin-top:16px;margin-bottom:0px;font:15px 'times new roman';line-height:17px;">Supplement dated February 14, 2025</div><div class="p4 ft1" style="text-align:left;padding-left:104px;margin-top:0px;margin-bottom:0px;font:15px 'times new roman';line-height:17px;">to the Fund’s Class A, Class C, Class I, Class R6, and Class W Shares’</div><div class="p5 ft1" style="text-align:left;padding-left:61px;margin-top:0px;margin-bottom:0px;font:15px 'times new roman';line-height:17px;">Summary Prospectus and Prospectus, each dated February 29, 2024, as supplemented</div><div class="p6 ft1" style="text-align:left;padding-left:224px;margin-top:0px;margin-bottom:0px;font:15px 'times new roman';line-height:17px;">(together, the “Prospectuses”)</div><div class="p7 ft0" style="text-align:left;padding-left:63px;margin-top:17px;margin-bottom:0px;font:bold 15px 'times new roman';line-height:17px;">IMPORTANT NOTICE REGARDING CHANGE IN INVESTMENT POLICY</div><div class="p8 ft1" style="text-align:justify;padding-right:96px;margin-top:17px;margin-bottom:0px;font:15px 'times new roman';line-height:17px;">As stated in the section of the Prospectuses entitled “Principal Investment Strategies,” under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in a portfolio of equity securities (the “Investment Policy”). The Fund is required to provide shareholders with 60 days’ prior notice of any change in this Investment Policy (the “Notice Requirement”). Effective 60 days from the date of the supplement (the “Effective Date”), the Fund is eliminating the Notice Requirement as it relates to this Investment Policy. Therefore, as of the Effective Date, the Fund will no longer be required to provide shareholders with 60 days’ prior notice of any change in this Investment Policy. The Notice Requirement was adopted based on regulatory requirements that applied to the Fund’s former name and is not required based on the Fund’s current name.</div> VOYA MUTUAL FUNDS 2025-02-14 2024-02-29