VOYA INTERMEDIATE BOND PORTFOLIO
Voya Intermediate Bond Portfolio
(“Portfolio”)
Supplement dated March 27, 2017
to the Portfolio’s Adviser Class, Institutional Class, Service Class, and Service 2 Class
Statement of Additional Information (“SAI”)
dated May 1, 2016
Effective April 3, 2017, Christine Hurtsellers will no longer serve as portfolio manager for the Portfolio and David Goodson and Randall Parrish will be added as portfolio managers for the Portfolio. The Portfolio’s SAI is hereby revised as follows:
| 1. | All references to Christine Hurtsellers as a portfolio manager for the Portfolio are hereby deleted in their entirety. |
| 2. | The tables in the sub-sections entitled “Other Accounts Managed,” and “Ownership of Securities” under the section entitled “Portfolio Management – Voya Intermediate Bond Portfolio” in the Portfolio’s SAI are hereby amended to include the following: |
Other Accounts Managed
|
Portfolio Manager |
Registered Investment Companies | Other Pooled Investment Vehicles | Other Accounts | |||
| Number of Accounts |
Total Assets
|
Number of Accounts |
Total Assets
|
Number of Accounts |
Total Assets
| |
| David Goodson1 | 1 | $115,176,865 | 0 | $0 | 3 | $148,771,566 |
| Randall Parrish1 | 1 | $656,841,672 | 0 | $0 | 3 | $55,408,683 |
| 1. | Information is as of December 31, 2016. |
Ownership of Securities
|
Portfolio Manager |
Dollar Range of Fund Shares Owned |
| David Goodson1 | None |
| Randall Parrish, CFA1 | None |
| 1. | Information is as of December 31, 2016. |
| 3. | The table in the sub-section entitled “Compensation” under the section entitled “Portfolio Management – Voya Intermediate Bond Portfolio” in the Portfolio’s SAI is hereby revised to delete and replace the information with respect to the Portfolio with the following: |
Compensation
| Portfolio | Portfolio Manager | Benchmark |
| Voya Intermediate Bond Portfolio | David Goodson, Randall Parrish, CFA, and Matthew Toms, CFA |
Bloomberg Barclays U.S. Aggregate Bond Index |
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE