497 1 f25559d1.htm 497(E) VOYA SEPARATE PORTFOLIOS TRUST 497(e) Voya Separate Portfolios Trust

Voya Separate Portfolios Trust

Voya Target In-Retirement Fund

Voya Target Retirement 2025 Fund

Voya Target Retirement 2030 Fund

Voya Target Retirement 2035 Fund

Voya Target Retirement 2040 Fund

Voya Target Retirement 2045 Fund

Voya Target Retirement 2050 Fund

Voya Target Retirement 2055 Fund

Voya Target Retirement 2060 Fund

Voya Target Retirement 2065 Fund

(collectively, the "Funds")

Supplement dated May 2, 2023

to the Funds' Class A, Class I, Class R, and Class R6 Shares' Prospectus,

dated September 30, 2022, as supplemented

(the "Prospectus")

Effective May 1, 2023, Lanyon Blair, CFA, CAIA was added as a portfolio manager for the Funds. In addition, effective December 31, 2023, Paul Zemsky, CFA is retiring from Voya Investment Management Co. LLC.

1.Effective December 31, 2023, all references to Paul Zemsky, CFA as a portfolio manager for the Funds are removed from the Prospectus.

2.Effective immediately, the Prospectus is revised as follows:

a)The sub-sections of the Prospectus entitled "Portfolio Management – Portfolio Managers" in the Summary Sections for Voya Target In-Retirement Fund, Voya Target Retirement 2025 Fund, Voya Target Retirement 2030 Fund, Voya Target Retirement 2035 Fund Voya Target Retirement 2040 Fund, Voya Target Retirement 2045 Fund, Voya Target Retirement 2050 Fund, and Voya Target Retirement 2055 Fund 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 09/19)

Paul Zemsky, CFA

 

Portfolio Manager (since 12/12)

 

Effective December 31, 2023

 

Portfolio Managers

 

Lanyon Blair, CFA, CAIA

Barbara Reinhard, CFA

Portfolio Manager (since 05/23)

Portfolio Manager (since 09/19)

b)The sub-section of the Prospectus entitled "Portfolio Management – Portfolio Managers" in Voya Target Retirement 2060 Fund'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 09/19)

Paul Zemsky, CFA

 

Portfolio Manager (since 12/15)

 

Effective December 31, 2023

 

Portfolio Managers

 

Lanyon Blair, CFA, CAIA

Barbara Reinhard, CFA

Portfolio Manager (since 05/23)

Portfolio Manager (since 09/19)

c)The sub-section of the Prospectus entitled "Portfolio Management – Portfolio Managers" in Voya Target Retirement 2065 Fund'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 05/20)

Paul Zemsky, CFA

 

Portfolio Manager (since 05/20)

 

Effective December 31, 2023

 

Portfolio Managers

 

Lanyon Blair, CFA, CAIA

Barbara Reinhard, CFA

Portfolio Manager (since 05/23)

Portfolio Manager (since 05/20)

d)The table in the sub-section of the Prospectus entitled "Management of the Funds – The Sub- Adviser and Portfolio Managers – Individual Portfolio Managers" is deleted in its entirety and replaced with the following:

Portfolio

Investment

Fund

Recent Professional Experience

Manager

Adviser or

 

 

 

Sub-Adviser

 

 

Lanyon

Voya IM

Voya Target In-Retirement Fund

Mr. Blair, Portfolio Manager, joined

Blair,

 

Voya Target Retirement 2025 Fund

Voya IM in 2015 and is Head of

CFA, CAIA

 

Voya Target Retirement 2030 Fund

Manager Research and Selection for

 

 

Voya Target Retirement 2035 Fund

Multi-Asset Strategies and Solutions

 

 

Voya Target Retirement 2040 Fund

("MASS"). He is responsible for

 

 

Voya Target Retirement 2045 Fund

manager research and selection

 

 

Voya Target Retirement 2050 Fund

activities across all asset classes for

 

 

Voya Target Retirement 2055 Fund

the MASS group's multi-manager

 

 

Voya Target Retirement 2060 Fund

products. Prior to joining Voya IM, Mr.

 

 

Voya Target Retirement 2065 Fund

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.

Barbara

Voya IM

Voya Target In-Retirement Fund

Ms. Reinhard, Portfolio Manager,

Reinhard,

 

Voya Target Retirement 2025 Fund

joined Voya IM in 2016 and is the

CFA

 

Voya Target Retirement 2030 Fund

head of asset allocation for Multi-

 

 

Voya Target Retirement 2035 Fund

Asset Strategies and Solutions

 

 

Voya Target Retirement 2040 Fund

("MASS"). She is responsible for

 

 

Voya Target Retirement 2045 Fund

strategic and tactical asset allocation

 

 

Voya Target Retirement 2050 Fund

decisions for the MASS team's multi-

 

 

Voya Target Retirement 2055 Fund

asset strategies. Prior to joining Voya

 

 

Voya Target Retirement 2060 Fund

IM, Ms. Reinhard was the chief

 

 

Voya Target Retirement 2065 Fund

investment officer for Credit Suisse

 

 

 

Private Bank in the Americas (2011-

 

 

 

2016) where she managed

 

 

 

discretionary multi-asset portfolios,

 

 

 

was a member of the global asset

 

 

 

allocation committee, and the

 

 

 

pension investment committee. Prior

 

 

 

to that, she spent 20 years at Morgan

 

 

 

Stanley.

Paul

Voya IM

Voya Target In-Retirement Fund

Mr. Zemsky, Portfolio Manager and

Zemsky,

 

Voya Target Retirement 2025 Fund

Chief Investment Officer of Voya IM's

CFA

 

Voya Target Retirement 2030 Fund

Multi-Asset Strategies, joined Voya IM

 

 

Voya Target Retirement 2035 Fund

in 2005 as head of derivative

 

 

Voya Target Retirement 2040 Fund

strategies. Mr. Zemsky will no longer

 

 

Voya Target Retirement 2045 Fund

serve as a Portfolio Manager for the

 

 

Voya Target Retirement 2050 Fund

Funds effective on or about

 

 

Voya Target Retirement 2055 Fund

December 31, 2023.

 

 

Voya Target Retirement 2060 Fund

 

 

 

Voya Target Retirement 2065 Fund

 

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE


Voya Separate Portfolios Trust

Voya Target In-Retirement Fund

Voya Target Retirement 2025 Fund

Voya Target Retirement 2030 Fund

Voya Target Retirement 2035 Fund

Voya Target Retirement 2040 Fund

Voya Target Retirement 2045 Fund

Voya Target Retirement 2050 Fund

Voya Target Retirement 2055 Fund

Voya Target Retirement 2060 Fund

Voya Target Retirement 2065 Fund

(collectively, the "Funds")

Supplement dated May 2, 2023

to the Funds' Class A, Class I, Class R, and Class R6 Shares' Statement of Additional Information, dated September 30, 2022 (the "SAI")

Effective May 1, 2023, Lanyon Blair, CFA, CAIA was added as a portfolio manager for the Funds. In addition, effective December 31, 2023, Paul Zemsky, CFA is retiring from Voya Investment Management Co. LLC.

1.Effective December 31, 2023, all references to Paul Zemsky, CFA as a portfolio manager for the Funds are removed from the SAI.

2.Effective immediately, the SAI 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, CAIA2

0

$0

0

$0

0

$0

2As of December 31, 2022.

b)The table in the sub-section of the SAI entitled "Sub-Adviser – Portfolio Management – Ownership of Securities" is amended to include the following:

Portfolio Manager

Dollar Range of Fund Shares Owned

Voya Target Retirement 2025 Fund

 

Lanyon Blair, CFA, CAIA1

None

 

 

Voya Target Retirement 2030 Fund

 

Lanyon Blair, CFA, CAIA1

None

 

 

Voya Target Retirement 2035 Fund

 

Lanyon Blair, CFA, CAIA1

None

 

 

Voya Target Retirement 2040 Fund

 

Lanyon Blair, CFA, CAIA1

None

 

 

Voya Target Retirement 2045 Fund

 

Lanyon Blair, CFA, CAIA1

None

 

 

Voya Target Retirement 2050 Fund

 

Lanyon Blair, CFA, CAIA1

None

 

 

Voya Target Retirement 2055 Fund

 

Lanyon Blair, CFA, CAIA1

None

 

 

Voya Target Retirement 2060 Fund

 

Lanyon Blair, CFA, CAIA1

None

 

 

Voya Target Retirement 2065 Fund

 

Lanyon Blair, CFA, CAIA1

None

 

1As of December 31, 2022.

c)The tables in the sub-section of the SAI entitled "Sub-Adviser – Portfolio Management – Ownership of Securities" are amended to include the following:

Voya Target Retirement 2025 Fund

 

Portfolio Manager

Dollar Range of Fund Shares Allocated Under Deferred Compensation

 

Lanyon Blair, CFA, CAIA1

$1-$10,000

 

1 As of December 31, 2022.

 

Voya Target Retirement 2035 Fund

 

Portfolio Manager

Dollar Range of Fund Shares Allocated Under Deferred Compensation

 

Lanyon Blair, CFA, CAIA1

$1-$10,000

 

1 As of December 31, 2022.

 

Voya Target Retirement 2045 Fund

 

Portfolio Manager

Dollar Range of Fund Shares Allocated Under Deferred Compensation

 

Lanyon Blair, CFA, CAIA1

$1-$10,000

 

1 As of December 31, 2022.

 

Voya Target Retirement 2050 Fund

 

Portfolio Manager

Dollar Range of Fund Shares Allocated Under Deferred Compensation

 

Lanyon Blair, CFA, CAIA1

None

 

1 As of December 31, 2022.

 

Voya Target Retirement 2055 Fund

 

Portfolio Manager

Dollar Range of Fund Shares Allocated Under Deferred Compensation

 

Lanyon Blair, CFA, CAIA1

$1-$10,000

 

1 As of December 31, 2022.

 

Voya Target In-Retirement Fund

Portfolio Manager

Dollar Range of Fund Shares Allocated Under Deferred Compensation

 

Lanyon Blair, CFA, CAIA1

$1-$10,000

 

1 As of December 31, 2022.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE