Investment Management

Voya Large-Cap Growth Fund - Class A

Effective 10/23/15, the Voya Large Cap Growth Fund and the Voya Growth Opportunities Fund merged with the surviving fund named the Growth Opportunities Fund. The Growth Opportunities Fund was then renamed Voya Large-Cap Growth Fund

Growth of a $10,000 Investment

For the period 03/31/2007 through 03/31/2017

Ending Value: $22,821.00

The performance quoted in the "Growth of a $10,000 Investment" chart represents past performance. Performance shown is without sales charges; had sales charges been deducted, performance would have been less. Ending value includes reinvestment of distributions.

Calendar Year Returns %

Past performance is no guarantee of future results. Returns are shown in %. These figures are for the year ended December 31 of each year. They do not reflect sales charges and would be lower if they did. The bar chart above shows the Fund's annual returns and long-term performance, and illustrates the variability of the Fund’s returns.

Average Annual Total Returns %

  As of Mar 31, 2017 As of Mar 31, 2017 Expense Ratios
  YTD 1 YR 3 YR 5 YR 10 YR Gross Net 1, 2, 3
Net Asset Value +9.24 +14.49 +10.67 +11.79 +8.60 1.44% 1.14%
With Sales Charge +2.94 +7.89 +8.50 +10.47 +7.96
Russell 1000 Growth Index +8.91 +15.76 +11.27 +13.32 +9.13
Russell 3000 Growth Index +8.63 +16.27 +10.90 +13.22 +9.04
Net Asset Value +9.24 +14.49 +10.67 +11.79 +8.60 1.44% 1.14%
With Sales Charge +2.94 +7.89 +8.50 +10.47 +7.96
Russell 1000 Growth Index +8.91 +15.76 +11.27 +13.32 +9.13
Russell 3000 Growth Index +8.63 +16.27 +10.90 +13.22 +9.04

Inception Date - Class A: 07/21/97

Current Maximum Sales Charge: 5.75%

1The Adviser has contractually agreed to limit expenses of the Fund.  This expense limitation agreement excludes interest, taxes, investment-related costs, leverage expenses, and extraordinary expenses and may be subject to possible recoupment.  Please see the Fund's prospectus for more information.

2The expense limits will continue through at least October 1, 2017. Expenses are being waived to the contractual cap.

3The Distributor has contractually agreed to waive 0.10% of the distribution fee for Class A shares of Voya Large-Cap Growth Fund. The fee waiver will continue through at least October 1, 2017.

The performance quoted represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance information shown. The investment return and principal value of an investment in the Portfolio will fluctuate, so that your shares, when redeemed, may be worth more or less than their original cost. See above “Average Annual Total Returns %” for performance information current to the most recent month-end. Returns for the other share classes will vary due to different charges and expenses. Performance assumes reinvestment of distributions and does not account for taxes.

Total investment return at net asset value has been calculated assuming a purchase at net asset value at the beginning of the period and a sale at net asset value at the end of the period; and assumes reinvestment of dividends, capital gain distributions and return of capital distributions/allocations, if any, in accordance with the provisions of the dividend reinvestment plan. Net asset value equals total Fund assets net of Fund expenses such as operating costs and management fees. Total investment return at net asset value is not annualized for periods less than one year.

Benchmark Disclosures

Russell 1000 Growth Index

The Russell 1000 Growth Index is an unmanaged index that measures the performance of the 1000 largest companies in the Russell 3000 Index with higher price-to-book ratios and higher forecasted growth values. Investors cannot invest directly in an index.

Russell 3000 Growth Index

The Russell 3000 Growth Index is an unmanaged index that measures the performance of the broad growth segment of the U.S. equity universe. It includes those Russell 3000 companies with higher price-to-book ratios and higher forecasted growth values. The Index does not reflect fees, brokerage commissions, taxes or other expenses of investing.
Investors cannot invest directly in an index.

Principal Risks

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Growth stocks may be more volatile than value stocks due to their relatively high valuations, and growth investing may fall out of favor with investors. An investment in securities of Larger Companies carries with it the risk that the company (and its earnings) may grow more slowly than the economy as a whole or not at all. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Other risks of the Fund include but are not limited to: Initial Public Offerings Risks; Market Trends Risks; Other Investment Companies Risks; Price Volatility Risks; Inability to Sell Securities Risks; and Securities Lending Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.

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