0000895430 2025-02-28 2025-02-28 0000895430 vmf:S000034101Member 2025-02-28 2025-02-28 iso4217:USD pure false 2025-02-28 2024-10-31 497 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: 155px; margin-top: 0px; margin-bottom: 0px; font: 15px 'times new roman'; line-height: 17px;">Voya Multi-Manager Emerging Markets Equity 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 28, 2025</div> <div class="p4 ft1" style="text-align: center; padding-left: 107px; padding-right: 203px; 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 R, and Class W Shares’ Summary Prospectus and Prospectus, each dated February 28, 2025 (together, the “Prospectuses”)</div> <div class="p5 ft0" style="text-align: left; padding-left: 51px; 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="p6 ft1" style="text-align: left; padding-right: 100px; margin-top: 17px; margin-bottom: 0px; font: 15px 'times new roman'; line-height: 17px;">In accordance with recent changes to regulatory disclosure requirements regarding investment company names, the Fund’s policy to invest in accordance with the investment focus that the Fund’s name suggests (the “80% Investment Policy”) is changed effective April 29, 2025 (the “Effective Date”), as set forth below.</div> <table cellpadding="0" cellspacing="0" class="t0" style="width: 624px; margin-top: 14px; font: 15px 'times new roman';"> <tr> <td class="tr0 td0" style="height: 13.5pt; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom; background: #e7e6e6;"> <div class="p7 ft0" style="text-align: left; padding-left: 56px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: bold 15px 'times new roman'; line-height: 17px;">Current 80% Investment Policy</div> </td> <td class="tr0 td1" style="height: 13.5pt; border-right: #000000 1px solid; border-top: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom; background: #e7e6e6;"> <div class="p8 ft0" style="text-align: left; padding-left: 39px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: bold 15px 'times new roman'; line-height: 17px;">New 80% Investment Policy as of the</div> </td> </tr> <tr> <td class="tr1 td2" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom; background: #e7e6e6;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td3" style="height: 12.75pt; border-right: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom; background: #e7e6e6;"> <div class="p10 ft0" style="text-align: left; padding-left: 111px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: bold 15px 'times new roman'; line-height: 17px;">Effective Date</div> </td> </tr> <tr> <td class="tr2 td4" style="height: 12pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft3" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">Under normal market conditions, the Fund invests</div> </td> <td class="tr2 td5" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft3" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">Under normal circumstances, the Fund invests at</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">at least 80% of its net assets (plus borrowings for</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">least 80% of its net assets (plus the amount of any</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">investment purposes) in equity securities of</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">borrowings for investment purposes) in equity</div> </td> </tr> <tr> <td class="tr1 td6" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">issuers in emerging markets.</div> </td> <td class="tr1 td7" style="height: 12.75pt; border-right: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">securities of issuers in emerging markets.</div> </td> </tr> </table> <div class="p13 ft1" style="text-align: left; padding-right: 99px; margin-top: 17px; margin-bottom: 0px; font: 15px 'times new roman'; line-height: 17px;">Although the Fund’s new 80% Investment Policy and related disclosure changes are set forth in the Fund’s Prospectuses, these changes will not be effective until the Effective Date. Until the Effective Date, the Fund’s current 80% Investment Policy and related disclosure, as set forth in the table below under the heading “Current Disclosure”, will continue in effect and supersede the disclosure in the first three paragraphs in the section of the Prospectuses entitled “Principal Investment Strategies” (which, for reference, is set forth in the table below under the heading “Disclosure as of the Effective Date”).</div> <table cellpadding="0" cellspacing="0" class="t1" style="width: 624px; margin-top: 15px; font: 15px 'times new roman';"> <tr> <td class="tr0 td8" style="height: 13.5pt; border-left: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom; background: #e7e6e6;"> <div class="p14 ft0" style="text-align: left; padding-left: 96px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: bold 15px 'times new roman'; line-height: 17px;">Current Disclosure</div> </td> <td class="tr0 td9" style="height: 13.5pt; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom; background: #e7e6e6;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr0 td10" style="height: 13.5pt; border-top: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom; background: #e7e6e6;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr0 td11" style="height: 13.5pt; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom; background: #e7e6e6;"> <div class="p15 ft0" style="text-align: left; padding-left: 43px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: bold 15px 'times new roman'; line-height: 17px;">Disclosure as of the Effective Date</div> </td> </tr> <tr> <td class="tr2 td12" style="height: 12pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft3" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">Under normal market conditions, the Fund invests</div> </td> <td class="tr2 td13" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr2 td14" style="height: 12pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr2 td15" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft3" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">Under normal circumstances, the Fund invests at</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">at least 80% of its net assets (plus borrowings for</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">least 80% of its net assets (plus the amount of any</div> </td> </tr> <tr> <td class="tr2 td12" style="height: 12pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft3" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">investment purposes) in equity securities of</div> </td> <td class="tr2 td13" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr2 td14" style="height: 12pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr2 td15" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft3" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">borrowings for investment purposes) in equity</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">issuers in emerging markets. The Fund will</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">securities of issuers in emerging markets. For</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">provide shareholders with at least 60 days' prior</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">purposes of this 80% policy, emerging markets</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">notice of any change in this investment policy.</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">means most countries in the world except</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">Australia, Canada, Japan, New Zealand, Hong</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">The Fund currently considers developing or</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">Kong, Singapore, the United Kingdom, the United</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">emerging market countries to include most</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">States, and most of the countries of Western</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">countries in the world except Australia, Canada,</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">Europe. For purposes of this 80% policy, equity</div> </td> </tr> <tr> <td class="tr2 td12" style="height: 12pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft3" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">Japan, New Zealand, Hong Kong, Singapore, the</div> </td> <td class="tr2 td13" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr2 td14" style="height: 12pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr2 td15" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft3" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">securities include, without limitation, common</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">United Kingdom, the U.S., and most of the</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">stock, preferred stock, convertible securities,</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft4" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 14px 'times new roman'; line-height: 16px;">countries of Western Europe. An emerging market</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">depositary receipts, participatory notes and other</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">company is one (i) that is organized under the</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">structured notes, real estate-related securities</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">laws of, or has a principal place of business in, an</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">(including real estate investment trusts</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">emerging market; (ii) for which the principal</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">(“REITs”)), trust or partnership interests, rights</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">securities market is in an emerging market; (iii)</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">and warrants to buy common stock, privately</div> </td> </tr> <tr> <td class="tr2 td12" style="height: 12pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft3" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">that derives at least 50% of its total revenues or</div> </td> <td class="tr2 td13" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr2 td14" style="height: 12pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr2 td15" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft3" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">placed securities, and initial public offerings</div> </td> </tr> <tr> <td class="tr0 td16" style="height: 13.5pt; border-left: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">profits from goods that are produced or sold,</div> </td> <td class="tr0 td17" style="height: 13.5pt; border-right: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr0 td18" style="height: 13.5pt; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr0 td19" style="height: 13.5pt; border-right: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">(“IPOs”).</div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" class="t2" style="width: 624px; font: 15px 'times new roman';"> <tr> <td class="tr0 td23" style="height: 13.5pt; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">investments made, or services performed in an</div> </td> <td class="tr0 td24" style="height: 13.5pt; border-right: #000000 1px solid; border-top: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">emerging market; or (iv) at least 50% of the assets</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">An issuer in an emerging market is one: (i) that is</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">of which are located in an emerging market. The</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">organized under the laws of, or has a principal</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">Fund may invest in companies of any market</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">place of business in, an emerging market; (ii) for</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">capitalization.</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">which the principal securities market is in an</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">emerging market; (iii) that derives at least 50% of</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">Equity securities may include common stock,</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">its total revenues or profits from goods that are</div> </td> </tr> <tr> <td class="tr2 td4" style="height: 12pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft3" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">preferred stock, convertible securities, depositary</div> </td> <td class="tr2 td5" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft3" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">produced or sold, investments made, or services</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">receipts, participatory notes, trust or partnership</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">performed in an emerging market; or (iv) at least</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">interests, warrants and rights to buy common</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">50% of the assets of which are located in an</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">stock, and privately placed securities. The Fund</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">emerging market. The Fund may invest in</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">may invest in real estate-related securities,</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">companies of any market capitalization.</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">including real estate investment trusts (“REITs”)</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">and non-investment grade bonds (high-yield or</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">The Fund may invest in bonds rated below</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">“junk bonds”).</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">investment grade (sometimes referred to as “high-</div> </td> </tr> <tr> <td class="tr2 td4" style="height: 12pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p9 ft5" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 16px;"> </div> </td> <td class="tr2 td5" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft3" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">yield securities”, “high-yield bonds”, or “junk</div> </td> </tr> <tr> <td class="tr0 td6" style="height: 13.5pt; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr0 td7" style="height: 13.5pt; border-right: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">bonds”).</div> </td> </tr> </table> <div class="p17 ft1" style="text-align: justify; padding-right: 96px; margin-top: 17px; margin-bottom: 0px; font: 15px 'times new roman'; line-height: 17px;">In addition, the section of the Prospectus entitled “Additional Information About 80% Investment Policies Related to Fund Names” is inapplicable to the Fund until the Effective Date.</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: 155px; margin-top: 0px; margin-bottom: 0px; font: 15px 'times new roman'; line-height: 17px;">Voya Multi-Manager Emerging Markets Equity 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 28, 2025</div> <div class="p4 ft1" style="text-align: center; padding-left: 107px; padding-right: 203px; 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 R, and Class W Shares’ Summary Prospectus and Prospectus, each dated February 28, 2025 (together, the “Prospectuses”)</div> <div class="p5 ft0" style="text-align: left; padding-left: 51px; 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="p6 ft1" style="text-align: left; padding-right: 100px; margin-top: 17px; margin-bottom: 0px; font: 15px 'times new roman'; line-height: 17px;">In accordance with recent changes to regulatory disclosure requirements regarding investment company names, the Fund’s policy to invest in accordance with the investment focus that the Fund’s name suggests (the “80% Investment Policy”) is changed effective April 29, 2025 (the “Effective Date”), as set forth below.</div> <table cellpadding="0" cellspacing="0" class="t0" style="width: 624px; margin-top: 14px; font: 15px 'times new roman';"> <tr> <td class="tr0 td0" style="height: 13.5pt; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom; background: #e7e6e6;"> <div class="p7 ft0" style="text-align: left; padding-left: 56px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: bold 15px 'times new roman'; line-height: 17px;">Current 80% Investment Policy</div> </td> <td class="tr0 td1" style="height: 13.5pt; border-right: #000000 1px solid; border-top: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom; background: #e7e6e6;"> <div class="p8 ft0" style="text-align: left; padding-left: 39px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: bold 15px 'times new roman'; line-height: 17px;">New 80% Investment Policy as of the</div> </td> </tr> <tr> <td class="tr1 td2" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom; background: #e7e6e6;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td3" style="height: 12.75pt; border-right: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom; background: #e7e6e6;"> <div class="p10 ft0" style="text-align: left; padding-left: 111px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: bold 15px 'times new roman'; line-height: 17px;">Effective Date</div> </td> </tr> <tr> <td class="tr2 td4" style="height: 12pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft3" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">Under normal market conditions, the Fund invests</div> </td> <td class="tr2 td5" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft3" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">Under normal circumstances, the Fund invests at</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">at least 80% of its net assets (plus borrowings for</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">least 80% of its net assets (plus the amount of any</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">investment purposes) in equity securities of</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">borrowings for investment purposes) in equity</div> </td> </tr> <tr> <td class="tr1 td6" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">issuers in emerging markets.</div> </td> <td class="tr1 td7" style="height: 12.75pt; border-right: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">securities of issuers in emerging markets.</div> </td> </tr> </table> <div class="p13 ft1" style="text-align: left; padding-right: 99px; margin-top: 17px; margin-bottom: 0px; font: 15px 'times new roman'; line-height: 17px;">Although the Fund’s new 80% Investment Policy and related disclosure changes are set forth in the Fund’s Prospectuses, these changes will not be effective until the Effective Date. Until the Effective Date, the Fund’s current 80% Investment Policy and related disclosure, as set forth in the table below under the heading “Current Disclosure”, will continue in effect and supersede the disclosure in the first three paragraphs in the section of the Prospectuses entitled “Principal Investment Strategies” (which, for reference, is set forth in the table below under the heading “Disclosure as of the Effective Date”).</div> <table cellpadding="0" cellspacing="0" class="t1" style="width: 624px; margin-top: 15px; font: 15px 'times new roman';"> <tr> <td class="tr0 td8" style="height: 13.5pt; border-left: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom; background: #e7e6e6;"> <div class="p14 ft0" style="text-align: left; padding-left: 96px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: bold 15px 'times new roman'; line-height: 17px;">Current Disclosure</div> </td> <td class="tr0 td9" style="height: 13.5pt; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom; background: #e7e6e6;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr0 td10" style="height: 13.5pt; border-top: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom; background: #e7e6e6;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr0 td11" style="height: 13.5pt; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom; background: #e7e6e6;"> <div class="p15 ft0" style="text-align: left; padding-left: 43px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: bold 15px 'times new roman'; line-height: 17px;">Disclosure as of the Effective Date</div> </td> </tr> <tr> <td class="tr2 td12" style="height: 12pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft3" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">Under normal market conditions, the Fund invests</div> </td> <td class="tr2 td13" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr2 td14" style="height: 12pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr2 td15" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft3" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">Under normal circumstances, the Fund invests at</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">at least 80% of its net assets (plus borrowings for</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">least 80% of its net assets (plus the amount of any</div> </td> </tr> <tr> <td class="tr2 td12" style="height: 12pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft3" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">investment purposes) in equity securities of</div> </td> <td class="tr2 td13" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr2 td14" style="height: 12pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr2 td15" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft3" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">borrowings for investment purposes) in equity</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">issuers in emerging markets. The Fund will</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">securities of issuers in emerging markets. For</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">provide shareholders with at least 60 days' prior</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">purposes of this 80% policy, emerging markets</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">notice of any change in this investment policy.</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">means most countries in the world except</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">Australia, Canada, Japan, New Zealand, Hong</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">The Fund currently considers developing or</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">Kong, Singapore, the United Kingdom, the United</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">emerging market countries to include most</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">States, and most of the countries of Western</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">countries in the world except Australia, Canada,</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">Europe. For purposes of this 80% policy, equity</div> </td> </tr> <tr> <td class="tr2 td12" style="height: 12pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft3" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">Japan, New Zealand, Hong Kong, Singapore, the</div> </td> <td class="tr2 td13" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr2 td14" style="height: 12pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr2 td15" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft3" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">securities include, without limitation, common</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">United Kingdom, the U.S., and most of the</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">stock, preferred stock, convertible securities,</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft4" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 14px 'times new roman'; line-height: 16px;">countries of Western Europe. An emerging market</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">depositary receipts, participatory notes and other</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">company is one (i) that is organized under the</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">structured notes, real estate-related securities</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">laws of, or has a principal place of business in, an</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">(including real estate investment trusts</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">emerging market; (ii) for which the principal</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">(“REITs”)), trust or partnership interests, rights</div> </td> </tr> <tr> <td class="tr1 td12" style="height: 12.75pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">securities market is in an emerging market; (iii)</div> </td> <td class="tr1 td13" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td14" style="height: 12.75pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td15" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">and warrants to buy common stock, privately</div> </td> </tr> <tr> <td class="tr2 td12" style="height: 12pt; border-left: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft3" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">that derives at least 50% of its total revenues or</div> </td> <td class="tr2 td13" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr2 td14" style="height: 12pt; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr2 td15" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft3" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">placed securities, and initial public offerings</div> </td> </tr> <tr> <td class="tr0 td16" style="height: 13.5pt; border-left: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">profits from goods that are produced or sold,</div> </td> <td class="tr0 td17" style="height: 13.5pt; border-right: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 5.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr0 td18" style="height: 13.5pt; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 4.5pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr0 td19" style="height: 13.5pt; border-right: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 228.75pt; vertical-align: bottom;"> <div class="p9 ft1" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">(“IPOs”).</div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" class="t2" style="width: 624px; font: 15px 'times new roman';"> <tr> <td class="tr0 td23" style="height: 13.5pt; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">investments made, or services performed in an</div> </td> <td class="tr0 td24" style="height: 13.5pt; border-right: #000000 1px solid; border-top: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">emerging market; or (iv) at least 50% of the assets</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">An issuer in an emerging market is one: (i) that is</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">of which are located in an emerging market. The</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">organized under the laws of, or has a principal</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">Fund may invest in companies of any market</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">place of business in, an emerging market; (ii) for</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">capitalization.</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">which the principal securities market is in an</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">emerging market; (iii) that derives at least 50% of</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">Equity securities may include common stock,</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">its total revenues or profits from goods that are</div> </td> </tr> <tr> <td class="tr2 td4" style="height: 12pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft3" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">preferred stock, convertible securities, depositary</div> </td> <td class="tr2 td5" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft3" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">produced or sold, investments made, or services</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">receipts, participatory notes, trust or partnership</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">performed in an emerging market; or (iv) at least</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">interests, warrants and rights to buy common</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">50% of the assets of which are located in an</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">stock, and privately placed securities. The Fund</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">emerging market. The Fund may invest in</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">may invest in real estate-related securities,</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">companies of any market capitalization.</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">including real estate investment trusts (“REITs”)</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">and non-investment grade bonds (high-yield or</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">The Fund may invest in bonds rated below</div> </td> </tr> <tr> <td class="tr1 td4" style="height: 12.75pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p11 ft1" style="text-align: left; padding-left: 8px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">“junk bonds”).</div> </td> <td class="tr1 td5" style="height: 12.75pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">investment grade (sometimes referred to as “high-</div> </td> </tr> <tr> <td class="tr2 td4" style="height: 12pt; border-left: #000000 1px solid; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p9 ft5" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 16px;"> </div> </td> <td class="tr2 td5" style="height: 12pt; border-right: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft3" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 16px;">yield securities”, “high-yield bonds”, or “junk</div> </td> </tr> <tr> <td class="tr0 td6" style="height: 13.5pt; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p9 ft2" style="text-align: left; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 1px 'times new roman'; line-height: 1px;"> </div> </td> <td class="tr0 td7" style="height: 13.5pt; border-right: #000000 1px solid; border-bottom: #000000 1px solid; padding: 0pt; margin: 0pt; width: 233.25pt; vertical-align: bottom;"> <div class="p12 ft1" style="text-align: left; padding-left: 6px; margin-top: 0px; margin-bottom: 0px; white-space: nowrap; font: 15px 'times new roman'; line-height: 17px;">bonds”).</div> </td> </tr> </table> <div class="p17 ft1" style="text-align: justify; padding-right: 96px; margin-top: 17px; margin-bottom: 0px; font: 15px 'times new roman'; line-height: 17px;">In addition, the section of the Prospectus entitled “Additional Information About 80% Investment Policies Related to Fund Names” is inapplicable to the Fund until the Effective Date.</div> VOYA MUTUAL FUNDS 2025-02-28 2025-02-28