Release Date 06-30-2021 Voya Stable Value Fund

Asset Class: Stability of Principal rated or higher) as well as stable value collective funds and money market funds. backed contracts are backed Fees by high quality, marketable securities which provide a credited rate of interest based on the yields of the Management fees: 0.14% underlying securities. The underlying fixed income security exposure is obtained by investing in collective funds managed Trustee fees: 0.06% by the sub-advisor for this purpose or may be purchased directly by the sub-advisor. Securities backing Voya® fees: 0.00% contracts are all investment grade at time of purchase with a minimum average quality rating of AA. The various Total Annualized Gross Fund Fee: 0.20% that make up the portfolios are blended together to provide a combined daily accrual rate, net of all Fund and Total Annualized Net Fund Fee: 0.20% portfolio expenses.

In addition to the annual Fund Fee, the Fund is charged for Risks general operating expenses (such as audit, custody service, There is no guarantee that the fund will meet its investment tax form preparation, legal and other expenses) to a objective. While the fund strives to maintain stability of maximum of 0.03% of Fund assets per year. The investment principal, it is possible to lose money by investing in this fund. portfolios in which the Fund invests also incur expenses, including expenses related to the Fund's outside management Withdrawals and Transfers fees, wrapper agreements, transfer agency fees, brokerage Transfers from the Fund to other investment options are commissions and expenses. Those expenses are reflected in allowed at any time, provided: the net Fund returns before the annual Fund fee is assessed. Voya Contract charges may also apply. ---The transfer is not directed to a competing investment option; Important Information ---A transfer into a competing investment option from any The Fund is a "group trust" within the meaning of Internal non-competing investment option, or a partial surrender, has Revenue Service Revenue Ruling 81- 100, as amended, and is not occurred within 90 days. a collective investment trust that is exempt from registration under the Investment Company Act of 1940. The Fund is only Transfers or surrenders into a competing investment option, available to certain qualified plans under sections 401(a) and from other than the Fund, are allowed at any time provided (k) and 414(d) of the Internal Revenue Code of 1986, as that no prior transfers or surrenders from the Fund have amended. The Fund is not insured by the FDIC or any or occurred within 90 days. A competing investment option is a governmental agency and fund performance is not fund with investment characteristics similar to the Fund as guaranteed by the Trustee, Sub-Advisor, or Voya . The Fund is determined by the Fund. not a and interests in the Fund have not been registered with the Securities and Exchange Commission. Generally, plan sponsor-initiated withdrawals and transfers may be subject to a 12-month hold on the assets unless Trustee waived by the Fund. The Fund also reserves the right to delay Wilmington Trust, N.A. is the Trustee of the Fund and or prioritize redemptions for the protection of the Fund and its maintains ultimate fiduciary authority over the management unit holders should total redemption requests exceed the of, and investments made, in the Fund. The Fund is part of a Fund's liquid assets. Voya Contract surrender charges may Collective Investment Trust (the "Trust") operated by the also apply. Trustee. The Trustee is a Delaware State chartered trust company. Voya Retirement and Company One Orange Way Sub-Advisor Windsor, CT 06095-4774 The Trustee has engaged Galliard Capital Management, Inc. www.voyaretirementplans.com (Galliard), a Minnesota corporation, as the Fund's sub-advisor, to provide investment advice and recommendations with respect to the investment of Fund assets. Galliard is an SEC Sector Breakdown (as of 03/31/2021) registered investment advisor and a wholly owned subsidiary 7.5% Cash and Cash Equivalents of Wells Fargo. 16.5% U.S. Governments/Agencies 5.4% U.S. Structured Government Investment Objective 5.7% Taxable Municipal The Fund 's objective is to provide safety of principal, 20.1% Mortgage Backed Securities adequate liquidity and competitive with low return 13.8% Asset Backed Securities volatility. 4.3% Commercial Mortgage Backed Securities 26.4% Corporates Investment Strategy 0.3% GICs The Fund seeks to achieve its objective by investing in a 0.0% International Government/Agency variety of stable value investments such as Guaranteed Investment Contracts and security backed investment Turnover Ratio (as of 12/31/2020) contracts issued by high quality financial institutions (AA Annualized Turnover Rate = 59.50%

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