Investment Management

Voya Natural Resources Equity Income Fund

Average Annual Total Returns %

  As of Sep 30, 2017 As of Sep 30, 2017 Expense Ratios
  YTD 1 YR 3 YR 5 YR 10 YR Gross Net 1, 2, 3
Net Asset Value -5.33 +0.08 -6.36 -1.53 -0.53 1.22% 1.22%
Market Price +8.56 +7.38 -2.80 -0.95 +0.60
Net Asset Value -5.33 +0.08 -6.36 -1.53 -0.53 1.22% 1.22%
Market Price +8.56 +7.38 -2.80 -0.95 +0.60

Inception Date - Class A: 10/24/06

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 limit will continue through at least March 1, 2018.  The Fund is operating under the contractual expense limit.

3Total investment return at market value measures the change in the market value of your investment assuming reinvestment of dividends and capital gain distributions, if any, in accordance with the provisions of the Fund’s dividend reinvestment plan. Total investment return at market value is not annualized for periods less than one year.

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.

Principal Risks

Principal Risks

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Price volatility, liquidity, and other risks accompany an investment in equity securities of domestic and foreign companies, and small- and mid-sized capitalized companies. International investing poses special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Risks of foreign investing are generally intensified for investments in emerging markets.

Options Risk

Effective on March 21, 2014, the Fund no longer employs an options “collar” strategy. Effective on April 1, 2014, the Fund’s option strategy consists of selling (writing) call options to secure gains and generate premiums over a market cycle, generally on 30-80% of the total value of the Fund’s portfolio. The Fund will realize a gain or loss upon the expiration or closing of the option contract. When an option is exercised, the proceeds on sales of the underlying security for a written call option are adjusted by the amount of premium received or paid. The risk in writing a call option is that the Fund gives up the opportunity for profit if the market price of the security increases and the option is exercised. Risks may also arise from an illiquid secondary market or from the inability of counterparties to meet the terms of the contract. A decision as to whether, when and how to sell options under the Fund’s strategy involves the exercise of skill and judgment, and even a well-conceived transaction may be unsuccessful to some degree because of market behavior or unexpected events. When an option sold by the Fund is exercised or closed out, the Fund may be required to sell portfolio securities or to deliver portfolio securities to the option purchaser to satisfy its obligations when it would not otherwise choose to do so, or the Fund may choose to sell portfolio securities to realize gains to offset the losses realized upon option exercise. Such sales or delivery would involve transaction costs borne by the Fund and may also result in realization of taxable capital gains, including short-term capital gains taxed at ordinary income tax rates, and may adversely impact the Fund’s after-tax returns.

This Fund has additional risks which you should consider, such as: Market Discount Risk, Industry Concentration Risk, Supply and Demand Risk, Depletion and Exploration Risk, Regulatory Risk, Commodity Pricing Risk, Options Related Risk, Restricted and Illiquid Securities Risk, Equity Risk, Foreign Investment and Emerging Markets Risk, Foreign (non-US) Currency Risk, Small-Cap and Mid-Cap Companies Risk, Canadian Royalty Trust Risk, MLP Risk, Derivatives Risk, Short Sales Risk, Distribution Risk, Tax Risk, Portfolio Turnover Risk, Depository Receipts Risk, Securities Lending Risk, Non-Diversification Risk, Market Disruption and Geo-Political Risk, Dividend Risk, and Defensive Strategies Risk. These and other risks are described more fully in the Fund’s most current annual or semi-annual report. Consider the Fund’s investment objective, risks, and charges and expenses carefully before investing.