497 1 f9208d1.htm 497 VOYA INTERMEDIATE BOND PORTFOLIO

VOYA INTERMEDIATE BOND PORTFOLIO

Voya Intermediate Bond Portfolio

(the "Portfolio")

Supplement dated June 8, 2021

to the Portfolio's Adviser Class, Class I, Class S and Service 2 Class shares Prospectus and Summary

Prospectus (each a "Prospectus" and together the "Prospectuses")

each dated May 1, 2021

Effective July 31, 2021 Sean Banai, CFA is added as a portfolio manager for the Portfolio.

Effective July 31, 2021, the Portfolio's Prospectuses are revised as follows:

1.The sub-section entitled "Portfolio Management – Portfolio Managers" of the Portfolio's

Prospectuses, is hereby deleted in its entirety and replaced with the following:

Portfolio Managers

 

Sean Banai, CFA

David Goodson

Portfolio Manager (since 07/21)

Portfolio Manager (since 04/17)

Randall Parrish, CFA

Matthew Toms, CFA

Portfolio Manager (since 04/17)

Portfolio Manager (sine 08/10)

2.The following paragraph is added to the sub-section entitled "Management of the Portfolios – The Sub-Adviser and Portfolio Managers – Voya Intermediate Bond Portfolio" of the Portfolio's Prospectus:

Sean Banai, CFA, Portfolio Manager, and head of portfolio management for the fixed-income platform, joined Voya IM in 1999. Previously, Mr. Banai was a senior portfolio manager and before that head of quantitative research for proprietary fixed income. Prior to joining Voya IM in 1999, he was a partner in a private sector company.

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VOYA INTERMEDIATE BOND PORTFOLIO

Voya Intermediate Bond Portfolio

(the "Portfolio")

Supplement dated June 8, 2021

to the Portfolio's Adviser Class, Class I, Class S and Service 2 Class shares

Statement of Additional Information (the "SAI")

dated May 1, 2021

Effective July 31, 2021 Sean Banai, CFA is added as a portfolio manager for the Portfolio.

Effective July 31, 2021, the Portfolio's SAI is revised as follows:

1.The tables in the sub-sections entitled "Other Accounts Managed" and "Ownership of Securities" under the sub-section entitled "Sub-Adviser – Portfolio Management" in the Portfolio's SAI are hereby amended to include the following:

Other Accounts Managed

 

Registered Investment

Other Pooled Investment

Other Accounts

 

Companies

 

Vehicles

 

 

Portfolio

Number

Total Assets

Number

 

Total Assets

Number

Total Assets

Manager

of

 

of

 

 

of

 

 

Accounts

 

Accounts

 

 

Accounts

 

Sean Banai,

5

$6,830,141,461

107

 

$6,492,024,304

355

$23,502,351,585

CFA4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4As of April 30, 2021.

5One of these accounts with total assets of $528,927,974 has a performance-based advisory fee.

Ownership of Securities

Voya Intermediate Bond Portfolio

Portfolio Manager

Dollar Range of Fund Shares Owned

Sean Banai, CFA1

None

1 As of April 30, 2021.

2.The line item with respect to the Portfolio in the sub-section entitled "Sub-Adviser – Portfolio Management – Compensation" in the Portfolio's SAI is hereby deleted in its entirety and replaced with the following:

Portfolio

Portfolio Manager

Benchmark

Voya Intermediate Bond Portfolio

Sean Banai, CFA, David Goodson,

Bloomberg Barclays U.S. Aggregate

 

Randall Parrish, CFA, and

Bond Index

 

Matthew Toms, CFA

 

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