Voya Express Mutual Funds Custodial Account

P E R F O R M A N C E U P D A T E Voya Express Mutual s Custodial Account Average Annual Total Returns as of: 08/31/2014 (shown in percentages) Mutual funds offered through a retirement plan or individual retirement accounts ("IRAs") are investments designed for retirement purposes. Early withdrawals will reduce your account value, and except for withdrawals from a Roth IRA, withdrawals taken prior to age 59 1/2 may incure a 10% Federal penalty tax. Distributions of earnings from a Roth IRA are not subjected to Federal income tax, provided that certain Internal Revenue Code requirements are met. Distributions that do not meet these requirements may be subject to Federal income tax, including an additional 10% Federal penalty tax. The performance data quoted represents past performance. Past performance does not guarantee future results. For monthend performance which may be lower or higher than the performance data shown please call 800-584-6001. Investment return and principal value of an investment will fluctuate so that, when sold, an investment may be worth more or less than the original cost. The returns assume reinvestment of all dividends (ordinary income and capital gains) and are net of management fees and other fund operating expenses. They do not reflect the $40 maintenance fee; if reflected, returns would be less favorable. You should consider the investment objectives, risks and charges, and expenses of the funds carefully before investing. The prospectus contains this and other information. Anyone who wishes to obtain a free copy of the fund prospectuses may call their Voya representative or the number above. Please read the prospectus carefully before investing. Returns less than one year are not annualized. Inception Date is the date of inception for the underlying fund, and is the date used in calculating the periodic returns. This date may also precede the portfolio's inclusion in the product. Investment Options 1-Mo 3-Mo YTD 1-Yr 3-Yr 5-Yr 10-Yr Incept Stability of Principal Inception Date Gross Net Money Market Voya Liquid Assets Portfolio - Service 2 Class (1)(2) 0.00 0.01 0.01 0.02 0.01 0.03 1.48 01/24/1989 0.78 0.68 The 7-day annualized yield as of 08/31/2014 is 0.00%, which more closely reflects current earnings. (92) Voya Money Market - Class A (3)(4)(5)(86) 0.00 0.00 0.00 0.02 0.02 0.02 1.50 04/15/1994 0.67 0.67 The 7-day annualized yield as of 08/31/2014 is 0.00%, which more closely reflects current earnings. (92) Bonds Bank Loan Voya Floating Rate - Class R (6) 0.08 0.63 1.56 3.16 6.30 4.62 08/05/2010 1.36 1.26 High Yield Bond Lord Abbett Bond Debenture - Class R3 1.72 1.42 5.68 10.58 9.58 10.53 7.15 04/01/1971 1.11 1.11 Voya High Yield Portfolio - Adviser Class (7)(87) 1.61 0.91 4.56 8.52 8.89 10.52 7.45 05/03/2004 1.25 1.10 Inflation-Protected Bond PIMCO Real Return - Class R (8) 0.47 0.83 6.75 6.46 2.19 5.39 4.68 12/31/2002 1.13 1.10 VY BlackRock Inflation Protected Bond Portfolio - Adviser (9) 0.42 0.62 5.45 4.77 1.19 4.27 4.25 04/30/2007 1.31 1.12 Intermediate Government Voya GNMA Income - Class A (10) 0.52 0.28 3.62 4.45 2.07 3.77 4.28 08/17/1973 0.90 0.90 Intermediate-Term Bond Prudential Total Return Bond - Class R (11) 1.38 1.19 5.99 8.04 4.76 7.03 5.74 01/10/1995 1.39 1.08 Voya Intermediate Bond - Class A (5)(12) 1.22 1.15 5.72 7.56 5.28 7.10 4.59 12/15/1998 0.71 0.71 Voya Intermediate Bond - Class R (13) 1.20 1.09 5.55 7.30 5.02 6.83 4.34 12/15/1998 0.96 0.96 Voya Intermediate Bond Portfolio - Class A (5) 1.16 1.08 5.61 7.37 5.24 6.80 4.67 12/20/2006 1.01 1.01 Voya U.S. Bond Index Portfolio - Class A 1.04 0.76 4.31 4.85 2.05 3.55 3.89 03/04/2008 0.90 0.90 VY PIMCO Bond Portfolio - Adviser Class 1.00 0.56 3.68 5.45 2.88 4.31 4.66 05/01/2002 1.09 1.08 Multi-Sector Bond Page 1 of 17

Investment Options 1-Mo 3-Mo YTD 1-Yr 3-Yr 5-Yr 10-Yr Incept Inception Date Gross Fidelity Advisor Strategic Income - Class T 0.93 0.94 5.94 8.88 5.52 7.47 6.90 10/31/1994 0.98 0.98 Fidelity Advisor Strategic Income - Class T 0.93 0.94 5.94 8.88 5.52 7.47 6.90 10/31/1994 0.98 0.98 Voya Strategic Income - Class R 0.70 1.00 3.39 6.79 2.40 11/02/2012 Net Short-Term Bond PIMCO Low Duration - Class R 0.38-0.12 0.84 2.21 1.75 2.69 3.26 12/31/2001 1.05 1.05 Prudential Short-Term Corporate Bond, Inc. - Class R (14) 0.29-0.02 1.57 2.82 2.42 3.25 3.77 05/17/2004 1.26 1.01 Voya Limited Maturity Bond Portfolio - Adviser Class (15) 0.10 0.01 0.41 0.93 0.62 1.32 2.04 01/24/1989 1.03 0.88 World Bond Voya Global Bond - Class R (16)(17)(18) 0.57 0.25 4.66 8.97 1.96 3.66 6.38 06/30/2006 1.19 1.16 Voya Global Bond Portfolio - Adviser Class (5)(19) 0.51 0.23 4.88 8.55 1.91 6.45 4.57 11/08/2004 1.23 1.14 Asset Allocation Lifecycle Voya Solution 2015 Portfolio - Adviser Class (20)(21) 1.99 1.74 5.52 12.05 8.61 8.51 4.75 04/29/2005 1.37 1.23 Voya Solution 2025 Portfolio - Adviser Class (20)(22) 2.45 2.22 5.59 15.30 11.50 10.55 5.24 04/29/2005 1.45 1.30 Voya Solution 2035 Portfolio - Adviser Class (20)(23) 2.93 2.78 6.02 17.55 13.33 11.65 5.78 04/29/2005 1.50 1.37 Voya Solution 2045 Portfolio - Adviser Class (20)(24) 3.19 3.05 6.38 19.34 14.41 12.45 6.10 04/29/2005 1.52 1.39 Voya Solution 2055 Portfolio - Adviser Class (20)(25) 3.33 3.26 6.55 19.53 14.52 11.35 03/08/2010 1.54 1.39 Voya Solution Income Portfolio - Adviser Class (20)(26) 1.82 1.65 5.53 11.05 7.45 7.27 4.62 04/29/2005 1.33 1.18 Lifecycle - Index Voya Index Solution 2015 Portfolio - Adviser Class (27)(28) Voya Index Solution 2025 Portfolio - Adviser Class (27)(29) Voya Index Solution 2035 Portfolio - Adviser Class (27)(30) Voya Index Solution 2045 Portfolio - Adviser Class (27)(31) Voya Index Solution 2055 Portfolio - Adviser Class (27)(32) Voya Index Solution Income Portfolio - Adviser Class (27)(33) 2.16 1.80 5.65 12.17 8.51 7.87 4.86 03/04/2008 1.18 1.02 2.70 2.28 6.15 15.92 11.84 10.33 5.75 03/04/2008 1.17 1.01 2.94 2.69 6.54 18.48 14.11 11.71 6.28 03/04/2008 1.17 1.01 3.06 2.98 6.93 20.18 14.94 12.41 6.31 03/04/2008 1.17 1.01 3.19 3.13 7.09 20.30 15.02 11.65 03/08/2010 1.22 1.01 1.97 1.70 5.58 11.18 7.56 6.91 5.16 03/04/2008 1.17 1.01 Lifestyle Voya Global Target Payment - Class A (34) 1.95 1.72 5.46 13.04 9.59 9.33 5.06 07/01/2008 1.46 1.30 Voya Retirement Conservative Portfolio - Adviser Class (35)(36) 1.63 1.69 5.77 10.07 6.59 7.06 3.56 10/31/2007 1.18 0.93 Voya Retirement Growth Portfolio - Adviser Class (37)(38) 2.61 2.74 6.33 16.81 12.80 11.04 3.89 04/28/2006 1.14 1.06 Voya Retirement Moderate Growth Portfolio - Adviser Class (39)(40) 2.47 2.67 6.30 15.43 11.53 10.19 4.40 04/28/2006 1.14 1.03 Voya Retirement Moderate Portfolio - Adviser Class (41)(42) 2.08 2.20 6.07 13.00 9.17 8.69 4.27 04/28/2006 1.16 1.00 Balanced Conservative Allocation VY Franklin Income Portfolio - Adviser Class (43) 2.39 2.50 9.62 17.92 12.69 11.93 5.62 12/29/2006 1.51 1.36 Moderate Allocation Voya Capital Allocation - Class A (5)(44)(88) 2.22 1.94 5.25 15.25 10.62 9.83 5.26 01/04/1995 1.42 1.15 VY T. Rowe Price Capital Appreciation Portfolio - Adviser (45)(89) 2.67 2.51 8.14 17.34 16.02 13.59 9.07 01/24/1989 1.39 1.24 Large Cap Value Large Blend Voya Core Equity Research - Class A (5)(46)(86) 4.36 5.40 8.87 22.79 20.59 15.34 8.24 01/03/1992 1.24 1.24 Voya Corporate Leaders 100 - Class R (47) 3.47 4.40 9.63 24.30 20.93 16.77 10.66 06/30/2008 1.21 1.15 Voya Growth and Income Portfolio - Class A (48) 4.18 5.30 9.57 23.51 19.99 15.16 7.89 12/31/1979 1.09 1.04 Voya Russell Large Cap Index Portfolio - Class A (49) 3.76 4.40 8.96 24.37 19.65 15.46 8.28 03/04/2008 0.89 0.88 Page 2 of 17

Investment Options 1-Mo 3-Mo YTD 1-Yr 3-Yr 5-Yr 10-Yr Incept Inception Date Gross Voya U.S. Stock Index Portfolio - Service 2 Class (50) 3.96 4.51 9.45 24.45 19.84 16.11 7.64 05/03/2004 0.77 0.67 VY Columbia Contrarian Core Portfolio - Adviser Class (51) Net 3.77 5.57 9.26 24.41 18.40 14.11 6.47 12/10/2001 1.46 1.20 Large Value BlackRock Equity Dividend - Class R Shares 3.35 2.52 5.66 18.73 15.20 13.71 9.05 01/03/2003 1.29 1.29 Voya Large Cap Value Portfolio - Service Class (5)(52) 3.86 4.88 8.56 21.09 19.99 16.83 5.23 05/11/2007 1.02 0.90 VY Invesco Comstock Portfolio - Adviser Class 3.16 4.52 8.67 22.91 21.08 16.18 7.47 05/01/2002 1.25 1.25 VY T. Rowe Price Equity Income Portfolio - Adviser Class (5)(53)(54) 2.89 2.54 6.31 18.87 18.52 14.32 7.33 01/24/1989 1.39 1.24 VY T. Rowe Price Equity Income Portfolio - Service 2 Class (55) 2.94 2.65 6.47 19.12 18.76 14.56 7.54 01/24/1989 1.14 1.04 Large Cap Growth Large Growth Fidelity Advisor New Insights - Class T 3.93 4.63 7.86 23.35 17.91 16.26 10.66 07/31/2003 1.18 1.18 Fidelity Advisor New Insights - Class T 3.93 4.63 7.86 23.35 17.91 16.26 10.66 07/31/2003 1.18 1.18 Voya Growth Opportunities - Class A (5)(56) 4.22 4.57 8.64 22.03 19.25 18.56 8.37 07/21/1997 1.46 1.30 Voya Large Cap Growth Portfolio - Adviser Class (57) 4.21 4.57 8.82 24.85 19.30 17.40 10.78 12/29/2006 1.43 1.20 Voya Large Cap Growth Portfolio - Service 2 Class (5)(58) 4.25 4.67 8.97 25.00 19.46 17.59 10.81 05/01/2004 1.18 1.00 Voya Large Cap Growth Portfolio - Service Class (5)(59) 4.29 4.70 9.04 25.21 19.63 17.78 10.97 05/03/2004 0.93 0.85 VY T. Rowe Price Growth Equity Portfolio - Adviser Class (60) 4.03 5.53 5.77 26.29 20.21 17.80 9.09 11/28/1997 1.24 1.23 Small/Mid/Specialty Mid-Cap Blend Voya Mid Cap Value Advantage - Class R (61) 4.22 4.01 7.26 20.00 17.80 16.27 8.44 02/03/1998 1.28 1.25 Voya Russell Mid Cap Index Portfolio - Class A (62) 4.74 4.81 9.90 24.20 20.02 18.34 10.77 03/04/2008 0.93 0.93 Mid-Cap Growth Voya MidCap Opportunities - Class A (5)(63) 5.32 4.48 4.22 16.77 16.07 18.33 11.87 08/20/1998 1.33 1.33 Voya MidCap Opportunities Portfolio - Class A 5.32 4.52 4.14 16.75 16.10 18.20 10.63 12/29/2006 1.30 1.30 Voya Russell Mid Cap Growth Index Portfolio - Class S2 (5)(64) 5.33 5.21 8.32 22.72 18.86 18.36 20.53 05/01/2009 1.09 0.89 VY Baron Growth Portfolio - Adviser Class 4.77 3.82 0.28 15.69 18.57 18.49 10.54 05/01/2002 1.50 1.50 VY FMR Diversified Mid Cap Portfolio - Service 2 Class (65) 4.32 4.70 6.07 23.44 15.88 15.87 11.03 10/02/2000 1.14 1.04 VY T. Rowe Price Diversified Mid Cap Growth Port - Adviser (66) 4.92 5.86 7.01 21.73 18.47 18.01 10.10 12/10/2001 1.27 1.27 Mid-Cap Value VY American Century Small-Mid Cap Value Portfolio - Adviser (67) 3.93 4.48 8.50 22.64 19.62 16.82 10.34 05/01/2002 1.65 1.43 VY JPMorgan Mid Cap Value Portfolio - Adviser Class 4.75 3.89 9.20 22.42 21.52 18.62 9.93 05/01/2002 1.37 1.37 Small Blend Fidelity Advisor Small Cap - Class T 5.03 3.74 5.75 22.43 14.97 13.79 9.27 11/03/2004 1.22 1.22 Fidelity Advisor Small Cap - Class T 5.03 3.74 5.75 22.43 14.97 13.79 9.27 11/03/2004 1.22 1.22 Voya Russell Small Cap Index Portfolio - Class A (68) 4.82 3.64 1.46 17.22 18.29 16.38 10.51 03/04/2008 0.97 0.96 Voya Small Company - Class A (5)(69)(86) 4.69 3.25 2.10 17.20 18.38 15.91 10.11 01/04/1994 1.42 1.42 Voya Small Company Portfolio - Class A (5) 4.73 3.34 2.19 17.39 18.65 16.09 10.34 12/27/1996 1.35 1.35 VY JPMorgan Small Cap Core Equity Portfolio - Adviser Class (70)(90) 4.69 3.52 3.37 19.66 20.40 17.86 10.11 05/01/2002 1.62 1.47 Small Growth Voya SmallCap Opportunities - Class A (5)(71) 5.10 4.87 1.81 15.04 19.14 18.86 11.51 06/05/1995 1.54 1.51 Voya SmallCap Opportunities Portfolio - Class A 5.15 4.91 1.88 15.48 19.36 18.73 11.34 05/06/1994 1.39 1.39 Specialty - Natural Resources Voya Global Resources Portfolio - Adviser Class (72) 1.39 3.64 14.93 23.44 6.74 9.99 10.74 01/24/1989 1.39 1.24 Specialty - Real Estate Voya Real Estate - Class A (5)(73) 2.99 4.16 20.96 24.72 13.51 18.47 9.60 12/31/1996 1.22 1.22 Page 3 of 17

Investment Options 1-Mo 3-Mo YTD 1-Yr 3-Yr 5-Yr 10-Yr Incept VY Clarion Global Real Estate Portfolio - Adviser Class (74) VY Clarion Real Estate Portfolio - Adviser Class (75)(76) Global / International Inception Date Gross Net 1.44 2.76 12.83 20.24 11.06 11.83 4.26 04/28/2006 1.73 1.49 2.75 3.94 20.86 24.70 13.33 18.34 9.67 01/24/1989 1.61 1.31 Diversified Emerging Mkts Oppenheimer Developing Markets - Class R (77) 2.95 6.03 8.49 22.06 8.28 11.49 15.28 11/18/1996 1.56 1.55 VY JPMorgan Emerging Markets Equity Portfolio - Adviser (78)(91) 1.15 4.46 11.16 20.39 3.75 7.51 11.81 02/18/1998 2.01 1.86 Foreign Large Blend Voya Diversified International - Class A (5)(79) 1.10-0.27 1.86 15.09 8.49 7.54 3.50 12/21/2005 1.80 1.40 Foreign Large Growth Oppenheimer International Growth - Class R 0.78-3.72-1.25 11.31 11.44 11.32 9.67 07/15/1994 1.40 1.40 VY T. Rowe Price International Stock Portfolio - Adviser (80) 1.25-0.03 4.49 17.20 9.39 8.34 6.30 05/02/2005 1.52 1.37 Foreign Large Value Lord Abbett International Dividend Income - Class R3 (81) VY Templeton Foreign Equity Portfolio - Adviser Class (82) 0.43-0.23 6.03 19.09 9.02 7.61 3.37 06/30/2008 1.42 1.27 0.57-2.32 1.50 14.46 10.78 7.95 2.71 12/20/2006 1.44 1.42 World Allocation BlackRock Global Allocation Inc. - Class R Shares 1.81 2.06 4.19 12.54 7.78 7.90 8.03 01/03/2003 1.49 1.49 PIMCO All Asset - Class R (83) 1.27 1.83 7.08 11.58 6.39 8.08 6.14 07/31/2002 1.75 1.60 Voya Global Perspectives - Class R (84) 2.39 2.39 5.38 13.77 9.31 04/18/2013 6.16 1.48 World Stock VY Morgan Stanley Global Franchise Portfolio - Adviser (85) 2.13-0.04 5.37 16.97 12.68 14.58 7.76 12/29/2006 1.71 1.56 VY Oppenheimer Global Portfolio - Adviser Class 2.47 1.05 4.09 19.75 15.28 13.12 8.67 05/01/2002 1.26 1.26 The risks of investing in small company stocks may include relatively low trading volumes, a greater degree of change in earnings and greater short-term volatility. Foreign investing involves special risks such as currency fluctuation and public disclosure, as well as economic and political risks. Some of the s invest in securities guaranteed by the U.S. Government as to the timely payment of principal and interest; however, shares of the s are not insured nor guaranteed. High yielding fixed-income securities generally are subject to greater market fluctuations and risks of loss of income and principal than are investments in lower yielding fixed-income securities. Sector funds may involve greater-than average risk and are often more volatile than funds holding a diversified portfolio of stocks in many industries. Examples include: banking, biotechnology, chemicals, energy, environmental services, natural resources, precious metals, technology, telecommunications, and utilities. *The Gross Expense Ratios shown do not reflect any temporary fee or expense waivers that may be in effect for a fund. The performance of a fund with a temporary fee or expense waiver would have been lower if the gross fund fees / expenses listed had been reflected. Page 4 of 17

P E R F O R M A N C E U P D A T E Voya Express Mutual s Custodial Account Average Annual Total Returns as of: 06/30/2014 (shown in percentages) Mutual funds offered through a retirement plan or individual retirement accounts ("IRAs") are investments designed for retirement purposes. Early withdrawals will reduce your account value, and except for withdrawals from a Roth IRA, withdrawals taken prior to age 59 1/2 may incure a 10% Federal penalty tax. Distributions of earnings from a Roth IRA are not subjected to Federal income tax, provided that certain Internal Revenue Code requirements are met. Distributions that do not meet these requirements may be subject to Federal income tax, including an additional 10% Federal penalty tax. The performance data quoted represents past performance. Past performance does not guarantee future results. For monthend performance which may be lower or higher than the performance data shown please call 800-584-6001. Investment return and principal value of an investment will fluctuate so that, when sold, an investment may be worth more or less than the original cost. The returns assume reinvestment of all dividends (ordinary income and capital gains) and are net of management fees and other fund operating expenses. They do not reflect the $40 maintenance fee; if reflected, returns would be less favorable. Returns less than one year are not annualized. Inception Date is the date of inception for the underlying fund, and is the date used in calculating the periodic returns. This date may also precede the portfolio's inclusion in the product. Investment Options 1-Mo 3-Mo YTD 1-Yr 3-Yr 5-Yr 10-Yr Incept Stability of Principal Inception Date Gross Net Money Market Voya Liquid Assets Portfolio - Service 2 Class (1)(2) 0.00 0.00 0.00 0.02 0.02 0.06 1.49 01/24/1989 0.78 0.68 The 7-day annualized yield as of 06/30/2014 is 0.00%, which more closely reflects current earnings. (92) Voya Money Market - Class A (3)(4)(5)(86) 0.00 0.00 0.00 0.02 0.02 0.02 1.52 04/15/1994 0.67 0.67 The 7-day annualized yield as of 06/30/2014 is 0.00%, which more closely reflects current earnings. (92) Bonds Bank Loan Voya Floating Rate - Class R (6) 0.38 0.65 1.30 3.78 4.75 4.76 08/05/2010 1.36 1.26 High Yield Bond Lord Abbett Bond Debenture - Class R3 1.11 2.49 5.36 11.72 8.20 11.95 7.28 04/01/1971 1.11 1.11 Voya High Yield Portfolio - Adviser Class (7)(87) 0.73 1.74 4.38 9.41 7.73 12.62 7.82 05/03/2004 1.25 1.10 Inflation-Protected Bond PIMCO Real Return - Class R (8) 0.29 4.05 6.18 4.85 3.25 5.83 4.98 12/31/2002 1.13 1.10 VY BlackRock Inflation Protected Bond Portfolio - Adviser (9) 0.21 3.34 5.03 3.30 2.43 4.49 4.30 04/30/2007 1.31 1.12 Intermediate Government Voya GNMA Income - Class A (10) 0.17 1.91 3.51 3.85 2.74 4.09 4.50 08/17/1973 0.90 0.90 Intermediate-Term Bond Prudential Total Return Bond - Class R (11) 0.11 2.56 4.86 6.66 5.22 8.01 5.93 01/10/1995 1.39 1.08 Voya Intermediate Bond - Class A (5)(12) 0.22 2.42 4.75 6.31 5.52 8.05 4.80 12/15/1998 0.71 0.71 Voya Intermediate Bond - Class R (13) 0.30 2.36 4.73 6.04 5.25 7.80 4.55 12/15/1998 0.96 0.96 Voya Intermediate Bond Portfolio - Class A (5) 0.31 2.41 4.81 6.30 5.48 7.68 4.67 12/20/2006 1.01 1.01 Voya U.S. Bond Index Portfolio - Class A 0.00 1.85 3.52 3.47 2.73 3.90 3.87 03/04/2008 0.90 0.90 VY PIMCO Bond Portfolio - Adviser Class 0.09 1.92 3.19 4.54 2.98 5.01 4.87 05/01/2002 1.09 1.08 Multi-Sector Bond Fidelity Advisor Strategic Income - Class T 0.93 3.18 5.93 8.61 5.50 8.85 7.23 10/31/1994 0.98 0.98 Fidelity Advisor Strategic Income - Class T 0.93 3.18 5.93 8.61 5.50 8.85 7.23 10/31/1994 0.98 0.98 Voya Strategic Income - Class R 0.50 1.11 2.87 6.37 2.34 11/02/2012 Short-Term Bond Page 5 of 17

Investment Options 1-Mo 3-Mo YTD 1-Yr 3-Yr 5-Yr 10-Yr Incept Inception Date Gross PIMCO Low Duration - Class R -0.02 0.68 0.94 2.21 1.70 3.41 3.40 12/31/2001 1.05 1.05 Prudential Short-Term Corporate Bond, Inc. - Class R (14) -0.07 0.78 1.51 3.15 2.48 3.90 3.98 05/17/2004 1.26 1.01 Voya Limited Maturity Bond Portfolio - Adviser Class (15) Net 0.00 0.30 0.40 0.97 0.58 1.63 2.14 01/24/1989 1.03 0.88 World Bond Voya Global Bond - Class R (16)(17)(18) 0.56 1.98 4.99 8.84 2.43 4.76 6.56 06/30/2006 1.19 1.16 Voya Global Bond Portfolio - Adviser Class (5)(19) 0.65 2.44 5.31 8.20 2.23 7.87 4.70 11/08/2004 1.23 1.14 Asset Allocation Lifecycle Voya Solution 2015 Portfolio - Adviser Class (20)(21) 0.90 2.91 4.65 11.79 6.50 10.12 4.74 04/29/2005 1.37 1.23 Voya Solution 2025 Portfolio - Adviser Class (20)(22) 1.48 3.40 4.82 16.08 8.47 12.53 5.26 04/29/2005 1.45 1.30 Voya Solution 2035 Portfolio - Adviser Class (20)(23) 1.73 3.90 4.94 18.59 9.64 13.77 5.77 04/29/2005 1.50 1.37 Voya Solution 2045 Portfolio - Adviser Class (20)(24) 1.93 4.22 5.22 20.57 10.54 14.67 6.09 04/29/2005 1.52 1.39 Voya Solution 2055 Portfolio - Adviser Class (20)(25) 2.01 4.25 5.26 20.75 10.59 11.51 03/08/2010 1.54 1.39 Voya Solution Income Portfolio - Adviser Class (20)(26) 0.77 2.79 4.62 10.59 5.86 8.43 4.61 04/29/2005 1.33 1.18 Lifecycle - Index Voya Index Solution 2015 Portfolio - Adviser Class (27)(28) Voya Index Solution 2025 Portfolio - Adviser Class (27)(29) Voya Index Solution 2035 Portfolio - Adviser Class (27)(30) Voya Index Solution 2045 Portfolio - Adviser Class (27)(31) Voya Index Solution 2055 Portfolio - Adviser Class (27)(32) Voya Index Solution Income Portfolio - Adviser Class (27)(33) 0.98 2.99 4.80 12.18 7.01 9.31 4.86 03/04/2008 1.18 1.02 1.49 3.64 5.33 16.81 9.20 12.20 5.78 03/04/2008 1.17 1.01 1.85 4.10 5.66 19.79 10.74 13.85 6.32 03/04/2008 1.17 1.01 1.97 4.43 5.88 21.53 11.13 14.80 6.32 03/04/2008 1.17 1.01 1.98 4.47 5.90 21.57 11.15 11.85 03/08/2010 1.22 1.01 0.81 2.84 4.66 10.84 6.68 7.80 5.16 03/04/2008 1.17 1.01 Lifestyle Voya Global Target Payment - Class A (34) 1.16 3.31 4.88 13.58 6.73 11.00 5.11 07/01/2008 1.46 1.30 Voya Retirement Conservative Portfolio - Adviser Class (35)(36) 0.71 3.12 4.76 9.33 6.06 8.15 3.50 10/31/2007 1.18 0.93 Voya Retirement Growth Portfolio - Adviser Class (37)(38) 1.76 3.98 5.32 17.78 9.87 13.10 3.85 04/28/2006 1.14 1.06 Voya Retirement Moderate Growth Portfolio - Adviser Class (39)(40) 1.56 3.71 5.15 15.83 9.09 11.99 4.36 04/28/2006 1.14 1.03 Voya Retirement Moderate Portfolio - Adviser Class (41)(42) 1.17 3.50 5.00 12.83 7.59 10.14 4.23 04/28/2006 1.16 1.00 Balanced Conservative Allocation VY Franklin Income Portfolio - Adviser Class (43) 2.14 4.64 9.23 19.24 10.63 13.60 5.70 12/29/2006 1.51 1.36 Moderate Allocation Voya Capital Allocation - Class A (5)(44)(88) 1.57 3.68 4.87 16.26 8.21 11.56 5.23 01/04/1995 1.42 1.15 VY T. Rowe Price Capital Appreciation Portfolio - Adviser (45)(89) 1.20 3.90 6.76 18.27 12.86 15.07 8.86 01/24/1989 1.39 1.24 Large Cap Value Large Blend Voya Core Equity Research - Class A (5)(46)(86) 2.52 4.99 5.90 23.73 15.85 16.89 7.94 01/03/1992 1.24 1.24 Voya Corporate Leaders 100 - Class R (47) 1.87 5.23 6.97 24.46 16.36 19.06 10.52 06/30/2008 1.21 1.15 Voya Growth and Income Portfolio - Class A (48) 2.51 5.09 6.66 24.41 15.31 16.86 7.04 12/31/1979 1.09 1.04 Voya Russell Large Cap Index Portfolio - Class A (49) 1.72 4.97 6.16 23.58 15.85 17.18 8.06 03/04/2008 0.89 0.88 Voya U.S. Stock Index Portfolio - Service 2 Class (50) 1.99 5.06 6.82 23.77 15.81 18.07 7.05 05/03/2004 0.77 0.67 VY Columbia Contrarian Core Portfolio - Adviser Class (51) 2.64 5.16 6.23 25.25 14.07 16.07 5.49 12/10/2001 1.46 1.20 Large Value Page 6 of 17

Investment Options 1-Mo 3-Mo YTD 1-Yr 3-Yr 5-Yr 10-Yr Incept Inception Date Gross Net BlackRock Equity Dividend - Class R Shares 1.36 3.31 4.46 17.91 12.47 15.63 8.94 01/03/2003 1.29 1.29 Voya Large Cap Value Portfolio - Service Class (5)(52) 2.64 4.10 6.24 20.83 16.24 18.67 5.04 05/11/2007 1.02 0.90 VY Invesco Comstock Portfolio - Adviser Class 2.32 4.55 6.39 22.70 16.23 18.83 7.20 05/01/2002 1.25 1.25 VY T. Rowe Price Equity Income Portfolio - Adviser Class (5)(53)(54) 2.21 4.39 5.96 20.21 14.76 17.51 7.19 01/24/1989 1.39 1.24 VY T. Rowe Price Equity Income Portfolio - Service 2 Class (55) 2.26 4.49 6.06 20.55 14.99 17.74 7.41 01/24/1989 1.14 1.04 Large Cap Growth Large Growth Fidelity Advisor New Insights - Class T 3.01 3.60 6.19 26.02 15.46 17.66 9.88 07/31/2003 1.18 1.18 Fidelity Advisor New Insights - Class T 3.01 3.60 6.19 26.02 15.46 17.66 9.88 07/31/2003 1.18 1.18 Voya Growth Opportunities - Class A (5)(56) 1.29 5.66 5.23 23.20 15.34 19.67 6.90 07/21/1997 1.46 1.30 Voya Large Cap Growth Portfolio - Adviser Class (57) 1.27 5.67 5.38 25.04 15.32 18.80 10.56 12/29/2006 1.43 1.20 Voya Large Cap Growth Portfolio - Service 2 Class (5)(58) 1.28 5.67 5.45 25.18 15.46 19.00 9.46 05/01/2004 1.18 1.00 Voya Large Cap Growth Portfolio - Service Class (5)(59) 1.33 5.75 5.53 25.40 15.64 19.20 9.62 05/03/2004 0.93 0.85 VY T. Rowe Price Growth Equity Portfolio - Adviser Class (60) 2.13 3.79 2.35 27.95 16.33 18.93 8.17 11/28/1997 1.24 1.23 Small/Mid/Specialty Mid-Cap Blend Voya Mid Cap Value Advantage - Class R (61) 3.34 3.18 6.57 23.47 13.34 19.03 7.75 02/03/1998 1.28 1.25 Voya Russell Mid Cap Index Portfolio - Class A (62) 3.23 4.77 8.24 25.76 15.12 21.09 10.80 03/04/2008 0.93 0.93 Mid-Cap Growth Voya MidCap Opportunities - Class A (5)(63) 2.26 2.47 2.00 18.64 11.01 20.05 10.40 08/20/1998 1.33 1.33 Voya MidCap Opportunities Portfolio - Class A 2.26 2.40 1.89 18.65 11.02 19.90 10.56 12/29/2006 1.30 1.30 Voya Russell Mid Cap Growth Index Portfolio - Class S2 (5)(64) 3.06 4.15 6.11 25.08 13.78 20.39 20.79 05/01/2009 1.09 0.89 VY Baron Growth Portfolio - Adviser Class 4.15 0.98 0.61 21.02 15.38 20.69 9.85 05/01/2002 1.50 1.50 VY FMR Diversified Mid Cap Portfolio - Service 2 Class (65) 3.59 3.49 4.94 27.34 12.83 17.66 10.62 10/02/2000 1.14 1.04 VY T. Rowe Price Diversified Mid Cap Growth Port - Adviser (66) 3.39 2.39 4.51 24.30 12.84 19.94 8.44 12/10/2001 1.27 1.27 Mid-Cap Value VY American Century Small-Mid Cap Value Portfolio - Adviser (67) 3.91 4.72 7.91 23.53 15.49 19.83 9.77 05/01/2002 1.65 1.43 VY JPMorgan Mid Cap Value Portfolio - Adviser Class 2.68 4.72 7.92 23.28 17.27 21.32 9.79 05/01/2002 1.37 1.37 Small Blend Fidelity Advisor Small Cap - Class T 4.67 5.88 6.69 26.84 10.89 15.87 9.55 11/03/2004 1.22 1.22 Fidelity Advisor Small Cap - Class T 4.67 5.88 6.69 26.84 10.89 15.87 9.55 11/03/2004 1.22 1.22 Voya Russell Small Cap Index Portfolio - Class A (68) 5.22 1.97 3.02 23.13 13.97 19.50 11.07 03/04/2008 0.97 0.96 Voya Small Company - Class A (5)(69)(86) 4.50 2.01 3.34 23.46 13.89 18.92 9.45 01/04/1994 1.42 1.42 Voya Small Company Portfolio - Class A (5) 4.62 2.18 3.46 23.78 14.15 19.13 9.68 12/27/1996 1.35 1.35 VY JPMorgan Small Cap Core Equity Portfolio - Adviser Class (70)(90) 5.09 3.39 4.94 25.53 16.07 20.92 9.73 05/01/2002 1.62 1.47 Small Growth Voya SmallCap Opportunities - Class A (5)(71) 5.15 1.68 2.07 21.63 14.24 21.34 10.25 06/05/1995 1.54 1.51 Voya SmallCap Opportunities Portfolio - Class A 5.25 1.76 2.20 22.27 14.53 21.22 10.14 05/06/1994 1.39 1.39 Specialty - Natural Resources Voya Global Resources Portfolio - Adviser Class (72) 6.21 12.56 17.79 35.18 4.16 12.32 11.39 01/24/1989 1.39 1.24 Specialty - Real Estate Voya Real Estate - Class A (5)(73) 1.02 6.73 17.31 13.76 10.85 23.56 9.95 12/31/1996 1.22 1.22 VY Clarion Global Real Estate Portfolio - Adviser Class (74) 1.53 8.35 11.48 14.42 8.52 15.33 4.19 04/28/2006 1.73 1.49 VY Clarion Real Estate Portfolio - Adviser Class (75)(76) 1.05 6.77 17.50 13.95 10.72 23.46 10.25 01/24/1989 1.61 1.31 Page 7 of 17

Investment Options 1-Mo 3-Mo YTD 1-Yr 3-Yr 5-Yr 10-Yr Incept Global / International Inception Date Gross Net Diversified Emerging Mkts Oppenheimer Developing Markets - Class R (77) 3.36 7.73 5.76 19.06 4.48 13.31 15.37 11/18/1996 1.56 1.55 VY JPMorgan Emerging Markets Equity Portfolio - Adviser (78)(91) 1.94 5.95 8.48 11.93-0.43 8.96 11.73 02/18/1998 2.01 1.86 Foreign Large Blend Voya Diversified International - Class A (5)(79) 1.27 4.21 3.43 19.76 5.28 10.25 3.76 12/21/2005 1.80 1.40 Foreign Large Growth Oppenheimer International Growth - Class R -0.44 1.21 2.12 20.32 9.92 14.84 9.47 07/15/1994 1.40 1.40 VY T. Rowe Price International Stock Portfolio - Adviser (80) 0.79 4.79 5.35 20.80 5.93 10.82 6.51 05/02/2005 1.52 1.37 Foreign Large Value Lord Abbett International Dividend Income - Class R3 (81) VY Templeton Foreign Equity Portfolio - Adviser Class (82) 1.68 5.76 8.05 24.54 6.29 11.25 3.79 06/30/2008 1.42 1.27-0.07 2.34 3.83 22.71 6.94 11.34 3.08 12/20/2006 1.44 1.42 World Allocation BlackRock Global Allocation Inc. - Class R Shares 1.29 2.95 3.40 13.28 6.31 9.21 7.84 01/03/2003 1.49 1.49 PIMCO All Asset - Class R (83) 1.27 4.25 6.49 10.60 5.88 9.27 6.40 07/31/2002 1.75 1.60 Voya Global Perspectives - Class R (84) 1.65 3.65 4.63 14.10 10.03 04/18/2013 6.16 1.48 World Stock VY Morgan Stanley Global Franchise Portfolio - Adviser (85) -0.43 4.48 4.96 15.85 11.85 16.93 7.89 12/29/2006 1.71 1.56 VY Oppenheimer Global Portfolio - Adviser Class 1.38 3.75 4.43 22.65 10.81 15.94 8.16 05/01/2002 1.26 1.26 The risks of investing in small company stocks may include relatively low trading volumes, a greater degree of change in earnings and greater short-term volatility. Foreign investing involves special risks such as currency fluctuation and public disclosure, as well as economic and political risks. Some of the s invest in securities guaranteed by the U.S. Government as to the timely payment of principal and interest; however, shares of the s are not insured nor guaranteed. High yielding fixed-income securities generally are subject to greater market fluctuations and risks of loss of income and principal than are investments in lower yielding fixed-income securities. Sector funds may involve greater-than average risk and are often more volatile than funds holding a diversified portfolio of stocks in many industries. Examples include: banking, biotechnology, chemicals, energy, environmental services, natural resources, precious metals, technology, telecommunications, and utilities. *The Gross Expense Ratios shown do not reflect any temporary fee or expense waivers that may be in effect for a fund. The performance of a fund with a temporary fee or expense waiver would have been lower if the gross fund fees / expenses listed had been reflected. (1)Voya Liquid Assets Portfolio - Service 2 Class: The adviser and distributor are contractually obligated to waive a portion of their advisory fees and distribution and/or shareholder services fees, as applicable, and to reimburse certain expenses of the Portfolio to the extent necessary to assist the Portfolio in maintaining a net yield of not less than zero through May 1, 2014. Including this waiver, Total Annual Portfolio Operating Expenses After Waivers and Reimbursements would have been 0.38% for the most recent fiscal year. There is no guarantee that the Portfolio will maintain such a yield. Any fees waived or expenses reimbursed may be subject to possible recoupment by the adviser or distributor within three years. In no event will the amount of the recoupment on any day exceed 20% of the yield (net of all expenses) of the Portfolio on that day. There is no guarantee that this obligation will continue after May 1, 2014. This obligation will continue only if the adviser and distributor elect to renew it. The distributor is further contractually obligated to waive 0.10% of the distribution fee through May 1, 2014. There is no guarantee that the distribution fee waiver will continue after May 1, 2014. The distribution fee waiver will only renew if the distributor elects to renew it. (2)An investment in the Voya Liquid Assets Portfolio - Service Class is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, there is no assurance it will be able to do so. While the fund's objective includes the preservation of capital, it is possible to lose money by investing in the fund. Page 8 of 17

(3)Voya Money Market - Class A: The adviser and distributor are contractually obligated to waive a portion of their advisory fees and distribution and/or shareholder services fees, as applicable, and to reimburse certain expenses of the to the extent necessary to assist the in maintaining a yield of not less than zero through August 1, 2014. Including this waiver, Total Annual Operating Expenses after Waivers and Reimbursements (for this 's most recent fiscal year) would have been 0.35%. There is no guarantee that the will maintain such a yield. Any advisory fees waived or expenses reimbursed may be subject to possible recoupment by the adviser within three years. In no event will the amount of the recoupment on any day exceed 20% of the yield (net of all expenses) of the on that day. Distribution and/or shareholder services fees are not eligible for recoupment. There is no guarantee that this obligation will continue after August 1, 2014. This obligation may be terminated by the adviser and distributor with the prior approval of the Board. (4)An investment in the is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the. (5) closed to new investments. (6)Voya Floating Rate : The adviser is contractually obligated to limit expenses to 1.25% through August 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, other investment related costs, extraordinary expenses, fees and expenses of borrowings, and Acquired Fees and Expenses. The obligation will automatically renew for one-year terms unless it is terminated by the or the adviser upon written notice within 90 days of the end of the current term or upon termination of the management agreement and is subject to possible recoupment by the adviser within three years. (7)VY PIMCO High Yield Portfolio - Adviser Class: The adviser is contractually obligated to waive a portion of the management fee through May 1, 2016. Based upon net assets as of August 31, 2013, the management fee waiver for the Portfolio would be an estimated (0.02%). There is no guarantee that the management fee waiver will continue after May 1, 2016. The management fee waiver will renew if the adviser elects to renew it. The distributor is contractually obligated to waive 0.15% of the distribution fee through May 1, 2015. There is no guarantee that the distribution fee waiver will continue after May 1, 2015. The distribution fee waiver will renew if the distributor elects to renew it. Notwithstanding the foregoing, termination or modification of these obligations requires approval by the Portfolio's Board. (8)PIMCO Real Return - Class R: "Other Expenses" reflect interest expense. Interest expense results from the 's use of certain investments such as reverse repurchase agreements. Such expense is required to be treated as a expense for accounting purposes and is not payable to PIMCO. Any interest expense amount will vary based on the 's use of those investments as an investment strategy best suited to seek the objective of the. Total Annual Operating Expenses excluding interest expense is 1.10%. (9)VY BlackRock Inflation Protected Bond Portfolio - Adviser: The adviser is contractually obligated to limit expenses to 1.23% through May 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, Acquired Fees and Expenses, and upon written notice within 90 days prior to the end of the then current term or upon termination of the advisory agreement and is subject to possible recoupment by the adviser within three years. The distributor is contractually obligated to waive 0.15% of the distribution fee through May 1, 2014. There is no guarantee that the distribution fee waiver will continue after May 1, 2014. The distribution fee waiver will only renew if the distributor elects to renew it. (10)Voya GNMA Income - Class A: The adviser is contractually obligated to limit expenses to 0.97% through August 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, extraordinary expenses, and Acquired Fees and Expenses. The obligation will automatically renew for one-year terms unless it is terminated by the or the adviser upon written notice within 90 days of the end of the current term or upon termination of the management agreement and is subject to possible recoupment by the adviser within three years. (11)Prudential Total Return Bond - Class R: The manager of the has contractually agreed, through February 28, 2015, to reimburse and/or waive fees so that the net annual operating expenses (exclusive of distribution and service (12b-1) fees, extraordinary expenses and certain other expenses such as taxes, interest and brokerage commissions) do not exceed.60% of the 's average daily net assets. This waiver may not be terminated prior to February 28, 2015 without the approval of the 's Board of Directors. (12)Voya Intermediate Bond - Class A: The adviser is contractually obligated to limit expenses to 0.75% through August 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, extraordinary expenses, and Acquired Fees and Expenses. The obligation will automatically renew for one-year terms unless it is terminated by the or the adviser upon written notice within 90 days of the end of the current term or upon termination of the management agreement and is subject to possible recoupment by the adviser within three years. (13)Voya Intermediate Bond - Class R: The adviser is contractually obligated to limit expenses to 1.00% through August 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, extraordinary expenses, and Acquired Fees and Expenses. The obligation will automatically renew for one-year terms unless it is terminated by the or the adviser upon written notice within 90 days of the end of the current term or upon termination of the management agreement and is subject to possible recoupment by the adviser within three years. Page 9 of 17

(14)Prudential Short-Term Corporate Bond, Inc. - Class R: The distributor of the has contractually agreed until April 30, 2015 to reduce its distribution and service (12b-1) fees to.50% of the average daily net assets. This waiver may not be terminated prior to April 30, 2015 without the prior approval of the 's Board of Directors. (15)Voya Limited Maturity Bond Portfolio - Adviser Class: The distributor is contractually obligated to waive 0.15% of the distribution fee through May 1, 2014. There is no guarantee that the distribution fee waiver will continue after May 1, 2014. The distribution fee waiver will only renew if the distributor elects to renew it. (16)Voya Global Bond - Class R: The adviser is contractually obligated to limit expenses to 1.15% through March 1, 2015. The obligation will automatically renew for one-year terms unless it is terminated by the or the adviser upon written notice within 90 days of the end of the current term or upon termination of the advisory agreement and is subject to possible recoupment by the adviser within three years. (17)Eagle Mid Cap Stock - Class R-3: Eagle Asset Management, Inc. ("Eagle") has contractually agreed to waive its investment advisory fee and/or reimburse certain expenses of the fund to the extent that annual operating expenses exceed a percentage of average daily net assets through February 28, 2015 of 1.70%. This expense limitation excludes interest, taxes, brokerage commissions, costs relating to investments in other investment companies, dividends, and extraordinary expenses, and includes offset expense arrangements with the fund's custodian. The contractual fee waiver can be changed only with the approval of a majority of the fund's Board of Trustees. Any reimbursement of fund expenses or reduction in Eagle's investment advisory fees is subject to reimbursement by the fund within the following two fiscal years, if overall expenses fall below the lesser of its then current expense cap or the expense cap in effect at the time of the fund reimbursement. (18)Voya Global Bond - Class R: The adviser is contractually obligated to limit expenses to 1.15% through March 1, 2015. The obligation will automatically renew for one-year terms unless it is terminated by the or the adviser upon written notice within 90 days of the end of the current term or upon termination of the advisory agreement and is subject to possible recoupment by the adviser within three years. (19)Voya Global Bond Portfolio - Adviser Class: The adviser is contractually obligated to limit expenses to 1.10% through May 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, Acquired Fees and Expenses, and extraordinary expenses. This obligation will automatically renew for one-year terms unless it is terminated by the Portfolio or the adviser upon written notice within 90 days of the end of the current term or upon termination of the management agreement and is subject to possible recoupment by the adviser within three years. In addition, the adviser is contractually obligated to waive a portion of the management fee through May 1, 2014. Based upon net assets as of December 31, 2012, the management fee waiver for the Portfolio would be (0.02)%. There is no guarantee that this management fee waiver will continue after May 1, 2014. This management fee waiver will continue only if the adviser elects to renew it. (20)There is no guarantee that any investment option will achieve its stated objective. Principal value fluctuates and there is no guarantee of value at any time, including the target date. The "target date" is the approximate date when you plan to start withdrawing your money. When your target date is reached, you may have more or less than the original amount invested. For each target date Portfolio, until the day prior to its Target Date, the Portfolio will seek to provide total returns consistent with an asset allocation targeted for an investor who is retiring in approximately each Portfolio's designation Target Year. Prior to choosing a Target Date Portfolio, investors are strongly encouraged to review and understand the Portfolio's objectives and its composition of stocks and bonds, and how the asset allocation will change over time as the target date nears. No two investors are alike and one should not assume that just because they intend to retire in the year corresponding to the Target Date that that specific Portfolio is appropriate and suitable to their risk tolerance. It is recommended that an investor consider carefully the possibility of capital loss in each of the target date Portfolios, the likelihood and magnitude of which will be dependent upon the Portfolio's asset allocation. On the Target Date, the portfolio will seek to provide a combination of total return and stability of principal. Stocks are more volatile than bonds, and portfolios with a higher concentration of stocks are more likely to experience greater fluctuations in value than portfolios with a higher concentration in bonds. Foreign stocks and small and midcap stocks may be more volatile than large cap stocks. Investing in bonds also entails credit risk and interest rate risk. Generally investors with longer timeframes can consider assuming more risk in their investment portfolio. The Voya Solution PortfoliosSM are actively managed and the asset allocation adjusted over time. The portfolios may merge with or change to other portfolios over time. Refer to the prospectus for more information about the specific risks of investing in the various asset classes included in the Voya Solution Portfolios. (21)Voya Solution 2015 Portfolio - Adviser Class: The adviser is contractually obligated to limit expenses to 0.62% of Class ADV shares through May 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, Acquired Fees and Expenses, and possible recoupment by the adviser within three years. Page 10 of 17

(22)Voya Solution 2025 Portfolio - Adviser Class: The adviser is contractually obligated to limit expenses to 0.62% of Class ADV shares through May 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, Acquired Fees and Expenses, and possible recoupment by the adviser within three years. (23)Voya Solution 2035 Portfolio - Adviser Class: The adviser is contractually obligated to limit expenses to 0.62% of Class ADV shares through May 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, Acquired Fees and Expenses, and possible recoupment by the adviser within three years. (24)Voya Solution 2045 Portfolio - Adviser Class: The adviser is contractually obligated to limit expenses to 0.62% of Class ADV shares through May 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, Acquired Fees and Expenses, and possible recoupment by the adviser within three years. (25)Voya Solution 2055 Portfolio - Adviser Class: The adviser is contractually obligated to limit expenses to 0.62% Class ADV shares through May 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, Acquired Fees and Expenses, and possible recoupment by the adviser within three years. (26)Voya Solution Income Portfolio - Adviser Class: The adviser is contractually obligated to limit expenses to 0.62% Class ADV shares through May 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, Acquired Fees and Expenses, and possible recoupment by the adviser within three years. (27)There is no guarantee that any investment option will achieve its stated objective. Principal value fluctuates and there is no guarantee of value at any time, including the target date. The "target date" is the approximate date when you plan to start withdrawing your money. When your target date is reached, you may have more or less than the original amount invested. For each target date Portfolio, until the day prior to its Target Date, the Portfolio will seek to provide total returns consistent with an asset allocation targeted for an investor who is retiring in approximately each Portfolio's designation Target Year. Prior to choosing a Target Date Portfolio, investors are strongly encouraged to review and understand the Portfolio's objectives and its composition of stocks and bonds, and how the asset allocation will change over time as the target date nears. No two investors are alike and one should not assume that just because they intend to retire in the year corresponding to the Target Date that specific Portfolio is appropriate and suitable to their risk tolerance. It is recommended that an investor consider carefully the possibility of capital loss in each of the target date Portfolios, the likelihood and magnitude of which will be dependent upon the Portfolio's asset allocation. On the Target Date, the portfolio will seek to provide a combination of total return and stability of principal. Stocks are more volatile than bonds, and portfolios with a higher concentration of stocks are more likely to experience greater fluctuations in value than portfolios with a higher concentration in bonds. Foreign stocks and small and midcap stocks may be more volatile than large cap stocks. Investing in bonds also entails credit risk and interest rate risk. Generally investors with longer timeframes can consider assuming more risk in their investment portfolio. The Voya Index Solution PortfoliosSM are actively managed and the asset allocation adjusted over time. The portfolios may merge with or change to other portfolios over time. Refer to the prospectus for more information about the specific risks of investing in the various asset classes included in the Voya Index Solution Portfolios. (28)Voya Index Solution 2015 Portfolio - Adviser Class: The adviser is contractually obligated to limit expenses to 0.62% of Class ADV shares through May 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, Acquired Fees and Expenses, and extraordinary expenses. The obligation will automatically renew for one-year terms unless it is terminated by the Portfolio or the adviser upon written notice within 90 days of the end of the current term or upon termination of the advisory agreement and is subject to possible recoupment by the adviser within three years. (29)Voya Index Solution 2025 Portfolio - Adviser Class: The adviser is contractually obligated to limit expenses to 0.62% of Class ADV shares through May 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, Acquired Fees and Expenses, and extraordinary expenses. The obligation will automatically renew for one-year terms unless it is terminated by the Portfolio or the adviser upon written notice within 90 days of the end of the current term or upon termination of the advisory agreement and is subject to possible recoupment by the adviser within three years. (30)Voya Index Solution 2035 Portfolio - Adviser Class: The adviser is contractually obligated to limit expenses to 0.62% Class ADV shares through May 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, Acquired Fees and Expenses, and extraordinary expenses. The obligation will automatically renew for one-year terms unless it is terminated by the Portfolio or the adviser upon written notice within 90 days of the end of the current term or upon termination of the advisory agreement and is subject to possible recoupment by the adviser within three years. Page 11 of 17

(31)Voya Index Solution 2045 Portfolio - Adviser Class: The adviser is contractually obligated to limit expenses to 0.62% Class ADV shares through May 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, Acquired Fees and Expenses, and extraordinary expenses. The obligation will automatically renew for one-year terms unless it is terminated by the Portfolio or the adviser upon written notice within 90 days of the end of the current term or upon termination of the advisory agreement and is subject to possible recoupment by the adviser within three years. (32)Voya Index Solution 2055 Portfolio - Adviser Class: The adviser is contractually obligated to limit expenses to 0.62% Class ADV shares through May 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, Acquired Fees and Expenses, and extraordinary expenses. The obligation will automatically renew for one-year terms unless it is terminated by the Portfolio or the adviser upon written notice within 90 days of the end of the current term or upon termination of the advisory agreement and is subject to possible recoupment by the adviser within three years. (33)Voya Index Solution Income Portfolio - Adviser Class: The adviser is contractually obligated to limit expenses to 0.62% Class ADV shares through May 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, Acquired Fees and Expenses, and extraordinary expenses. The obligation will automatically renew for one-year terms unless it is terminated by the Portfolio or the adviser upon written notice within 90 days of the end of the current term or upon termination of the advisory agreement and is subject to possible recoupment by the adviser within three years. (34)Voya Global Target Payment - Class A: The adviser is contractually obligated to limit expenses to 1.30% through March 1, 2018; the obligation does not extend to interest, taxes, brokerage commissions, and extraordinary expenses. The obligation will automatically renew for one-year terms unless: (i) the adviser provides 90 days written notice of its termination and such termination is approved by the 's board; or (ii) the management agreement has been terminated. The obligation is subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. (35)Voya Retirement Conservative Portfolio - Adviser Class: The adviser is contractually obligated to limit expenses to 1.02% through May 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, and extraordinary expenses. The obligation will automatically renew for one-year terms unless it is terminated by the Portfolio or the adviser upon written notice within 90 days prior to the end of the then current term or upon termination of the advisory agreement and is subject to possible recoupment by the adviser within three years. The distributor is contractually obligated to waive 0.2480% of the distribution fee through May 1, 2014. There is no guarantee that the distribution fee waiver will continue after May 1, 2014. The distribution fee waiver will only renew if the distributor elects to renew it. (36)The Voya Retirement Conservative Portfolio - Adviser Class commenced operations on October 23, 2009. The performance information above, prior to October 23, 2009, is based upon the Voya LifeStyle Conservative Portfolio - Adviser Class performance. (37)The Voya Retirement Growth Portfolio - Adviser Class commenced operations on October 23, 2009. The performance information above, prior to October 23, 2009, is based upon the Voya LifeStyle Growth Portfolio - Adviser Class performance. (38)Voya Retirement Growth Portfolio - Adviser Class: The adviser is contractually obligated to limit expenses to 1.13% through May 1, 2014 the obligation does not extend to interest, taxes, brokerage commissions, and extraordinary expenses. The obligation will automatically renew for one-year terms unless it is terminated by the Portfolio or the adviser upon written notice within 90 days prior to the end of the then current term or upon termination of the advisory agreement and is subject to possible recoupment by the adviser within three years. The distributor is contractually obligated to waive 0.0751% of the distribution fee through May 1, 2014. There is no guarantee that the distribution fee waiver will continue after May 1, 2014. The distribution fee waiver will only renew if the distributor elects to renew it. (39)The Voya Retirement Moderate Growth Portfolio - Adviser Class commenced operations on October 23, 2009. The performance information above, prior to October 23, 2009, is based upon the Voya LifeStyle Moderate Growth Portfolio - Adviser Class performance. (40)Voya Retirement Moderate Growth Portfolio - Adviser Class: The adviser is contractually obligated to limit expenses to 1.09% through May 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, and extraordinary expenses. The obligation will automatically renew for one-year terms unless it is terminated by the Portfolio or the adviser upon written notice within 90 days prior to the end of the then current term or upon termination of the advisory agreement and is subject to possible recoupment by the adviser within three years. The distributor is contractually obligated to waive 0.1106% of the distribution fee through May 1, 2014. There is no guarantee that the distribution fee waiver will continue after May 1, 2014. The distribution fee waiver will only renew if the distributor elects to renew it. (41)Voya Retirement Moderate Portfolio - Adviser Class: The adviser is contractually obligated to limit expenses to 1.04% through May 1, 2014; the obligation does not extend to interest, taxes, brokerage commissions, and extraordinary expenses. The obligation will automatically renew for one-year terms unless it is terminated by the Portfolio or the adviser upon written notice within 90 days prior to the end of the then current term or upon termination of the advisory agreement and is subject to possible recoupment by the adviser within three years. The distributor is contractually obligated to waive 0.1587% of the distribution fee through May 1, 2014. There is no guarantee that the distribution fee waiver will continue after May 1, 2014. The distribution fee waiver will only renew if the distributor elects to renew it. (42)The Voya Retirement Moderate Portfolio - Adviser Class commenced operations on October 23, 2009. The performance information above, prior to October 23, 2009, is based upon the Voya LifeStyle Moderate Portfolio - Adviser Class performance. Page 12 of 17