Voya Strategic Allocation Portfolios, Inc.
Voya Strategic Allocation Conservative Portfolio
Voya Strategic Allocation Growth Portfolio
Voya Strategic Allocation Moderate Portfolio
(collectively, the "Strategic Allocation Portfolios")
Voya Balanced Portfolio, Inc.
Voya Balanced Portfolio
Voya Variable Portfolios, Inc.
Voya U.S. Bond Index Portfolio
(each, a "Portfolio")
Supplement dated May 2, 2023
to the Strategic Allocation Portfolios' Class I and Class S Shares' Prospectus;
Voya Balanced Portfolio's Class I and Class S Shares' Prospectus; and
Voya U.S. Bond Index Portfolio's Adviser Class, Class I, Class S, and Service 2 Class Shares'
Prospectus, each dated May 1, 2023
(each, a "Prospectus" and collectively, the "Prospectuses")
Effective May 1, 2023: (1) Lanyon Blair, CFA, CAIA was added as a portfolio manager for Voya Balanced Portfolio and the Strategic Allocation Portfolios; (2) Matthew Toms, CFA was removed as a portfolio manager for Voya Balanced Portfolio; and (3) Paul Buren, CFA was added as a portfolio manager for Voya U.S. Bond Index Portfolio. In addition, effective December 31, 2023: (1) Bob Kase, CFA is retiring from Voya Investment Management Co. LLC ("Voya IM"); and (2) Paul Zemsky, CFA is retiring from Voya IM.
1.Effective December 31, 2023, all references to Bob Kase, CFA as a portfolio manager for Voya U.S. Bond Index Portfolio are removed from the Prospectus.
2.Effective December 31, 2023, all references to Paul Zemsky, CFA as a portfolio manager for Voya Balanced Portfolio and the Strategic Allocation Portfolios are removed from the Prospectuses.
3.Effective immediately, the Prospectus for Voya Balanced Portfolio is revised as follows:
a)All references to Matthew Toms, CFA as a portfolio manager for Voya Balanced Portfolio are hereby removed from the Prospectus.
b)The sub-section of the Prospectus entitled "Portfolio Management – Portfolio Managers" in the Portfolio's Summary Section is deleted in its entirety and replaced with the following:
Portfolio Managers |
|
Lanyon Blair, CFA, CAIA |
Barbara Reinhard, CFA |
Portfolio Manager (since 05/23) |
Portfolio Manager (since 05/18) |
Paul Zemsky, CFA |
|
Portfolio Manager (since 04/07) |
|
Effective December 31, 2023 |
|
Portfolio Managers |
|
Lanyon Blair, CFA, CAIA |
Barbara Reinhard, CFA |
Portfolio Manager (since 05/23) |
Portfolio Manager (since 05/18) |
c)The table in the sub-section of the Prospectus entitled "Management of the Portfolios – The Sub-Adviser and Portfolio Managers – Individual Portfolio Managers" is revised to add line item with respect to Lanyon Blair, CFA, CAIA and replace the line item with respect to Paul Zemsky, CFA with the following:
Portfolio |
Investment |
Portfolio |
Recent Professional Experience |
Manager |
Adviser or |
|
|
|
Sub- |
|
|
|
Adviser |
|
|
Lanyon |
Voya IM |
Voya |
Mr. Blair, Portfolio Manager, joined Voya IM in 2015 and is Head |
Blair, |
|
Balanced |
of Manager Research and Selection for Multi-Asset Strategies |
CFA, |
|
Portfolio |
and Solutions ("MASS"). He is responsible for manager research |
CAIA |
|
|
and selection activities across all asset classes for the MASS |
|
|
|
group's multi-manager products. Prior to joining Voya IM, Mr. Blair |
|
|
|
was an analyst at Wells Fargo, focusing on research and due |
|
|
|
diligence of equity, real estate, and multi-asset managers. Prior to |
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|
that, he was an analyst with Fidelity Investments, covering equity |
|
|
|
and real estate managers. Mr. Blair began his career as a |
|
|
|
consultant with FactSet Research Systems where he worked |
|
|
|
closely with equity, fixed income, and real estate research teams. |
Paul |
Voya IM |
Voya |
Mr. Zemsky, Portfolio Manager and Chief Investment Officer of |
Zemsky, |
|
Balanced |
Voya IM's Multi-Asset Strategies, joined Voya IM in 2005 as head |
CFA |
|
Portfolio |
of derivative strategies. Mr. Zemsky will no longer serve as a |
|
|
|
Portfolio Manager for the Portfolio effective on or about |
|
|
|
December 31, 2023. |
4.Effective immediately, the Prospectus for the Strategic Allocation Portfolios is revised as follows:
a)The sub-sections of the Prospectus entitled "Portfolio Management – Portfolio Managers" in the Summary Sections for each of the Strategic Allocation Portfolios are deleted in their entirety and replaced with the following:
Portfolio Managers |
|
Lanyon Blair, CFA, CAIA |
Barbara Reinhard, CFA |
Portfolio Manager (since 05/23) |
Portfolio Manager (since 05/18) |
Paul Zemsky, CFA |
|
Portfolio Manager (since 04/07) |
|
Effective December 31, 2023 |
|
Portfolio Managers |
|
Lanyon Blair, CFA, CAIA |
Barbara Reinhard, CFA |
Portfolio Manager (since 05/23) |
Portfolio Manager (since 05/18) |
b)The table in the sub-section of the Prospectus entitled "Management of the Portfolios – The Sub-Adviser and Portfolio Managers – Individual Portfolio Managers" is revised to add line item with respect to Lanyon Blair, CFA, CAIA and replace the line item with respect to Paul Zemsky, CFA with the following:
Portfolio |
Investment |
Portfolio |
Recent Professional Experience |
Manager |
Adviser or |
|
|
|
Sub- |
|
|
|
Adviser |
|
|
Lanyon |
Voya IM |
Voya Strategic Allocation |
Mr. Blair, Portfolio Manager, joined Voya IM in |
Blair, |
|
Conservative Portfolio |
2015 and is Head of Manager Research and |
CFA, CAIA |
|
Voya Strategic Allocation |
Selection for Multi-Asset Strategies and Solutions |
|
|
Growth Portfolio |
("MASS"). He is responsible for manager |
|
|
Voya Strategic Allocation |
research and selection activities across all asset |
|
|
Moderate Portfolio |
classes for the MASS group's multi-manager |
|
|
|
products. Prior to joining Voya IM, Mr. Blair was |
|
|
|
an analyst at Wells Fargo, focusing on research |
|
|
|
and due diligence of equity, real estate, and |
|
|
|
multi-asset managers. Prior to that, he was an |
|
|
|
analyst with Fidelity Investments, covering equity |
|
|
|
and real estate managers. Mr. Blair began his |
|
|
|
career as a consultant with FactSet Research |
|
|
|
Systems where he worked closely with equity, |
|
|
|
fixed income, and real estate research teams. |
Paul |
Voya IM |
Voya Strategic Allocation |
Mr. Zemsky, Portfolio Manager and Chief |
Zemsky, |
|
Conservative Portfolio |
Investment Officer of Voya IM's Multi-Asset |
CFA |
|
Voya Strategic Allocation |
Strategies, joined Voya IM in 2005 as head of |
|
|
Growth Portfolio |
derivative strategies. Mr. Zemsky will no longer |
|
|
Voya Strategic Allocation |
serve as a Portfolio Manager for the Portfolios |
|
|
Moderate Portfolio |
effective on or about December 31, 2023. |
5. Effective immediately, the Prospectus for Voya U.S. Bond Index Portfolio is revised as follows:
a)The sub-section of the Prospectus entitled "Portfolio Management – Portfolio Managers" in the Portfolio's Summary Section is deleted in its entirety and replaced with the following:
Portfolio Managers |
|
Sean Banai, CFA |
Paul Buren, CFA |
Portfolio Manager (since 05/23) |
Portfolio Manager (since 05/23) |
Bob Kase, CFA |
|
Portfolio Manager (since 02/12) |
|
Effective December 31, 2023 |
|
Portfolio Managers |
|
Sean Banai, CFA |
Paul Buren, CFA |
Portfolio Manager (since 05/23) |
Portfolio Manager (since 05/23) |
c)The table in the sub-section of the Prospectus entitled "Management of the Portfolios – The Sub-Adviser and Portfolio Managers – Individual Portfolio Managers" is revised to add a line item with respect to Paul Buren, CFA and replace the line item with respect to Bob Kase, CFA with the following:
Portfolio |
Investment |
Portfolio |
Recent Professional Experience |
Manager |
Adviser or |
|
|
|
Sub-Adviser |
|
|
Paul Buren, |
Voya IM |
Voya U.S. Bond Index Portfolio |
Mr. Buren, Portfolio Manager, is |
CFA |
|
|
responsible for portfolio construction of |
|
|
|
the multi-sector fixed income strategies |
|
|
|
at Voya IM. Prior to joining Voya IM, he |
|
|
|
was a senior client representative with |
|
|
|
Wilshire Associates. |
Bob Kase, |
Voya IM |
Voya U.S. Bond Index Portfolio |
Mr. Kase, Senior Portfolio Manager, |
CFA |
|
|
joined Voya IM in 2007. Prior to joining |
|
|
|
Voya IM, he managed corporate, asset- |
|
|
|
backed securities, and commercial |
|
|
|
mortgage-backed securities for |
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SunTrust Bank. Prior to that, Mr. Kase |
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|
was a senior portfolio manager for |
|
|
|
American General, and before that was |
|
|
|
a senior portfolio manager at CL Capital |
|
|
|
Management. Mr. Kase will no longer |
|
|
|
serve as a Portfolio Manager for the |
|
|
|
Portfolio effective on or about |
|
|
|
December 31, 2023. |
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
Voya Strategic Allocation Portfolios, Inc.
Voya Strategic Allocation Conservative Portfolio
Voya Strategic Allocation Growth Portfolio
Voya Strategic Allocation Moderate Portfolio
(collectively, the "Strategic Allocation Portfolios")
Voya Balanced Portfolio, Inc.
Voya Balanced Portfolio
Voya Variable Portfolios, Inc.
Voya U.S. Bond Index Portfolio
Supplement dated May 2, 2023
to the Strategic Allocation Portfolios' Class I and Class S Shares' Statement of Additional Information;
Voya Balanced Portfolio's Class I and Class S Shares' Statement of Additional Information; and Voya U.S. Bond Index Portfolio's Adviser Class, Class I, Class S, and Service 2 Class Shares' Statement of Additional Information, each dated May 1, 2023
(each, an "SAI" and collectively, the "SAIs")
Effective May 1, 2023: (1) Lanyon Blair, CFA, CAIA was added as a portfolio manager for Voya Balanced Portfolio and the Strategic Allocation Portfolios; (2) Matthew Toms, CFA was removed as a portfolio manager for Voya Balanced Portfolio; and (3) Paul Buren, CFA was added as a portfolio manager for Voya U.S. Bond Index Portfolio. In addition, effective December 31, 2023: (1) Bob Kase, CFA is retiring from Voya Investment Management Co. LLC ("Voya IM"); and (2) Paul Zemsky, CFA is retiring from Voya IM.
1.Effective December 31, 2023, all references to Bob Kase, CFA as a portfolio manager for Voya U.S. Bond Index Portfolio are removed from the SAI.
2.Effective December 31, 2023, all references to Paul Zemsky, CFA as a portfolio manager for Voya Balanced Portfolio and the Strategic Allocation Portfolios are removed from the SAIs.
3.Effective immediately, the SAI for Voya Balanced Portfolio is revised as follows:
a)All references to Matthew Toms, CFA as a portfolio manager for Voya Balanced Portfolio are hereby removed from the SAI.
b)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 Investment |
Other Accounts | |||
|
Companies |
Vehicles |
|
| ||
|
Number of |
Total |
Number of |
Total |
Number of |
Total |
Portfolio Manager |
Accounts |
Assets |
Accounts |
Assets |
Accounts |
Assets |
Lanyon Blair, CFA, CAIA |
0 |
$0 |
0 |
$0 |
0 |
$0 |
c)The line item with respect to Voya Balanced 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 Balanced Portfolio |
Lanyon Blair, CFA, CAIA; Barbara Reinhard, CFA; |
S&P Target Risk® Growth Index |
|
and Paul Zemsky, CFA |
|
d)The table in the sub-section of the SAI entitled "Sub-Adviser – Portfolio Management – Ownership of Securities – Voya Balanced Portfolio" is amended to include the following:
Portfolio Manager |
Dollar Range of Fund Shares Owned |
Lanyon Blair, CFA, CAIA |
None |
4. Effective immediately, the SAI for the Strategic Allocation Portfolios is revised as follows:
a) 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 Investment |
Other Accounts | |||
|
Companies |
Vehicles |
|
| ||
|
Number of |
Total |
Number of |
Total |
Number of |
Total |
Portfolio Manager |
Accounts |
Assets |
Accounts |
Assets |
Accounts |
Assets |
Lanyon Blair, CFA, CAIA |
0 |
$0 |
0 |
$0 |
0 |
$0 |
b) The tables with respect to each of the Strategic Allocation Portfolios in the sub-section of the SAI entitled "Sub-Adviser – Portfolio Management – Ownership of Securities" are amended to include the following:
Portfolio Manager |
Dollar Range of Fund Shares Owned |
Lanyon Blair, CFA, CAIA |
None |
5. Effective immediately, the SAI for Voya U.S. Bond Index Portfolio is revised as follows:
a) 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 Investment |
Other Accounts | ||||
|
Companies |
|
Vehicles |
|
| ||
|
Number of |
Total |
Number of |
|
Total Assets |
Number of |
Total Assets |
Portfolio Manager |
Accounts |
Assets |
Accounts |
|
|
Accounts |
|
Paul Buren, CFA |
0 |
$0 |
32 |
|
$2,301,598,274 |
3 |
$898,074,757 |
b) The line item with respect to Voya U.S. Bond Index 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 U.S. Bond Index Portfolio |
Sean Banai, CFA; Paul Buren, CFA; |
Bloomberg U.S. Aggregate Bond |
|
and Bob Kase, CFA, |
Index |
c)The table in the sub-section of the SAI entitled "Sub-Adviser – Portfolio Management – Ownership of Securities – Voya U.S. Bond Index Portfolio" is amended to include the following:
Portfolio Manager |
Dollar Range of Fund Shares Owned |
Paul Buren, CFA |
None |
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE