497 1 f10900d1.htm VOYA MIDCAP OPPORTUNITIES PORTFOLIO 497E voya MidCap Opportunities Portfolio 497e

VOYA VARIABLE PRODUCTS TRUST
Voya MidCap Opportunities Portfolio
(the "Portfolio")

Supplement dated February 4, 2022

to the Portfolio's Adviser Class, Class I, Class R6, Class S and Service 2 Class

Prospectus, dated May 1, 2021

(the "Prospectus")

Effective December 31, 2021, Leigh Todd, CFA was added as a portfolio manager for the Portfolio.

Effective immediately, the Prospectus is revised as follows:

1.The sub-section of the Prospectus entitled "Portfolio Management – Portfolio Managers" is deleted in its entirety and replaced with the following.

Portfolio Managers

 

Jeffrey Bianchi, CFA

Kristy Finnegan, CFA

Portfolio Manager (since 07/05)

Portfolio Manager (since 08/19)

Michael Pytosh

Leigh Todd, CFA

Portfolio Manager (since 04/12)

Portfolio Manager (since 12/21)

2.The sub-section of the Prospectus entitled "Management of the Portfolios – The Sub-Adviser and Portfolio Managers – Voya MidCap Opportunities Portfolio" is amended to add the following paragraph:

Leigh Todd, CFA, Portfolio Manager of Voya IM's large cap growth and mid cap growth strategies, joined Voya IM in 2021. Prior to joining Voya IM, Ms. Todd served as a portfolio manager and senior research analyst at Mellon. Previously, she was a portfolio manager at State Street Global Advisors.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE


VOYA VARIABLE PRODUCTS TRUST
Voya MidCap Opportunities Portfolio
(the "Portfolio")

Supplement dated February 4, 2022

to the Portfolio's Adviser Class, Class I, Class R6, Class S and Service 2 Class

Statement of Additional Information, dated May 1, 2021

(the "SAI")

Effective December 31, 2021, Leigh Todd, CFA was added as a portfolio manager for the Portfolio.

Effective immediately, the SAI is revised as follows:

1.The table in the sub-section of the SAI entitled "Sub-Adviser – Portfolio Management – Other Accounts Managed" is amended to include the following:

 

Registered Investment

Other Pooled

Other Accounts

 

Companies

Investment Vehicles

 

 

 

Number of

Total

Number of

Total

Number of

Total

Portfolio Manager

Accounts

Assets

Accounts

Assets

Accounts

Assets

Leigh Todd, CFA2

0

$0

0

$0

0

$0

2As of December 31, 2021.

2. The line item with respect to the Portfolio in the table in the sub-section of the SAI entitled "Sub- Adviser – Portfolio Management – Compensation" is deleted in its entirety and replaced with the following:

Portfolio

Portfolio Manager

Benchmark

Voya MidCap Opportunities

Jeffrey Bianchi, CFA,

Russell Midcap® Growth

Portfolio

Kristy Finnegan, CFA,

Index

 

Michael Pytosh, and

 

 

Leigh Todd, CFA

 

3. The table in the sub-section of the SAI entitled "Sub-Adviser – Portfolio Management – Ownership of Securities – Voya MidCap Opportunities Portfolio" is amended to include the following:

Portfolio Manager

Dollar Range of Fund Shares Owned

Leigh Todd, CFA1

None

1As of December 31, 2021.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE