P E R F O R M A N C E U P D A T E STATE OF IOWA Average Annual Total Returns as of: 02/28/2018 (shown in percentages) Variable annuities and mutual funds offered through a retirement plan are intended as long-term investments designed for retirement purposes. Money distributed from a 403(b) plan, 401(a)/(k) plan, or a 457 plan will be taxed as ordinary income in the year the money is distributed. Early withdrawals from a 403(b) plan and a 401(a)/(k) plan, if taken prior to age 59½, will be subject to the IRS 10% premature distribution penalty tax, unless an exception applies. This IRS premature distribution penalty tax does not apply to 457 plans. Account values fluctuate with market conditions, and when surrendered the principal may be worth more or less than the original amount invested. 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. An administrative expense of 0.10% on an annual basis applies to all mutual fund investments in the Plan. The performance data shown below does not reflect the administrative expense. If such fees had been reflected, the performance data shown for each option would have been lower. All funds assume reinvestment of all dividends (ordinary income and capital gains) and are net of management fees and other fund operating expenses. 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. 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. Stability of Principal Money Market Voya Government Money Market - Class I - 167 (2) The 7-day annualized yield as of 02/28/2018 is 1.07%, which more closely reflects current earnings. (24) 0.08 0.23 0.17 0.43 0.18 0.11 0.24 01/03/1992 0.59 0.40 Stability of Principal Voya Fixed Account - 457/401-690 (1)(23) 0.23 0.73 0.48 3.00 3.00 3.00 3.05 Bonds High Yield Bond American s American High-Income Trust - Class R-4-1094 Inflation-Protected Bond American Century Inflation-Adjusted Bond - Inv Class - 1001-0.83 0.21 0.12 3.93 3.68 3.86 6.24 02/19/1988 0.69 0.69-1.04-0.78-1.80-0.07 0.63-0.52 2.43 02/10/1997 0.47 0.47 Intermediate Government Voya GNMA Income - Class I - 240 (3)(22) -0.38-1.25-1.47 0.01 1.18 1.58 3.51 08/17/1973 0.64 0.64 Intermediate-Term Bond Voya Intermediate Bond Portfolio - Class S - 1233 (4) -0.96-1.30-1.79 1.63 1.91 2.56 3.83 05/23/1973 0.79 0.79 Voya U.S. Bond Index Portfolio - Class S - 1555 (5) -0.99-1.77-2.22-0.15 0.53 1.10 3.03 03/04/2008 0.66 0.65 Short-Term Bond Voya Limited Maturity Bond Portfolio - Service Class - 781 World Bond -0.09-0.34-0.36 0.43 0.76 0.78 1.43 01/24/1989 0.53 0.53 Page 1 of 8
Templeton Global Bond - Class A - 178 (6) -0.64-0.98 0.58 0.60 1.33 1.46 5.12 09/18/1986 0.99 0.93 Asset Allocation Lifecycle - Index Voya Index Solution 2025 Portfolio - Service Class - 1540 (7)(8) Voya Index Solution 2035 Portfolio - Service Class - 1543 (8)(9) Voya Index Solution 2045 Portfolio - Service Class - 1546 (8)(10) Voya Index Solution 2055 Portfolio - Service Class - 1162 (8)(11) Voya Index Solution Income Portfolio - Service Class - 1549 (8)(12) Balanced -2.98 0.73-0.18 10.23 5.28 7.53 5.75 03/04/2008 0.71 0.64-3.75 1.49 0.43 13.73 6.76 9.29 6.57 03/04/2008 0.70 0.64-4.06 1.69 0.50 15.05 7.26 10.00 6.75 03/04/2008 0.68 0.64-4.16 1.65 0.52 15.47 7.33 10.08 9.80 03/08/2010 0.69 0.64-2.07-0.10-0.76 5.66 3.18 4.72 4.72 03/04/2008 0.71 0.64 Allocation--50% to 70% Equity American s American Balanced - Class R-4-823 -3.29 1.16-0.18 10.83 7.55 10.05 7.88 07/26/1975 0.64 0.64 Calvert Balanced - Class A - 7527-2.31 1.13 0.13 8.21 4.63 7.82 5.88 10/21/1982 0.99 0.94 Janus Henderson Balanced - Class T Shares - 166-1.99 2.63 1.70 14.19 7.29 9.53 7.94 09/01/1992 0.83 0.83 VY T. Rowe Price Capital Appreciation Portfolio - Adviser - 320-2.84 0.51 0.68 10.54 8.13 11.09 8.94 01/24/1989 1.24 1.24 Large Cap Value Large Blend American s amental Investors - Class R-4-1208 Vanguard Total Stock Market Index - Institutional - 2208 Voya Russell Large Cap Index Portfolio - Class S - 1558 (13) -4.28 3.55 1.66 18.47 12.05 14.60 8.94 08/01/1978 0.66 0.66-3.71 2.43 1.41 16.25 10.57 14.35 9.90 07/07/1997 0.04 0.04-3.57 3.50 2.30 17.86 11.27 14.50 9.52 03/04/2008 0.63 0.62 Large Value Pioneer Equity Income - Class A Shares - 925-4.70 0.26-0.87 10.00 10.32 13.11 8.65 07/25/1990 1.04 1.04 Large Cap Growth Large Growth American Century Growth - Investor Class - 985-2.28 6.30 5.67 26.75 12.83 15.42 10.40 06/30/1971 0.98 0.98 Neuberger Berman Socially Responsive - Trust Class - 1120-3.25 3.77 2.17 13.57 8.94 12.64 8.49 03/16/1994 1.02 1.02 Small/Mid/Specialty Mid-Cap Blend Voya Russell Mid Cap Index Portfolio - Class S - 1561 (14) Mid-Cap Value AMG Managers Fairpointe Mid Cap - Class N - 7007 (15) VY American Century Small-Mid Cap Value Portfolio- Service - 440 (16) Small Blend Voya Russell Small Cap Index Portfolio - Class S - 1564 (17) -4.19 0.25-0.62 11.11 7.30 12.26 9.97 03/04/2008 0.69 0.68-6.20 0.44-1.05 4.67 6.06 12.22 10.09 09/19/1994 1.13 1.12-4.82-0.69-1.58 5.65 9.32 12.95 11.23 05/01/2002 1.41 1.12-3.90-1.92-1.42 9.90 8.05 11.76 9.97 03/04/2008 0.71 0.70 Small Growth Invesco Small Cap Growth - Class A - 233-3.79 0.96 1.42 20.80 9.76 13.92 11.13 10/18/1995 1.23 1.23 Small Value Columbia Small/Mid Cap Value - Class K Shares - 2028 (18) Victory Integrity Small-Cap Value - Class A - 6612 (19) -4.45-0.95-1.56 6.09 6.05 10.07 7.17 02/14/2002 1.15 1.14-4.86-3.36-3.85 5.10 6.90 11.64 10.54 03/30/2004 1.52 1.50 Page 2 of 8
Specialty - Real Estate VY Clarion Real Estate Portfolio - Service Class - 1019 (20) Global / International Diversified Emerging Mkts Lazard Emerging Markets Equity Portfolio - Open Shares - 936-7.12-10.23-10.33-8.48-0.57 5.33 6.36 01/24/1989 1.10 0.96-4.44 7.57 3.35 22.46 7.53 3.39 2.87 01/08/1997 1.35 1.35 Foreign Large Blend Dodge & Cox International Stock - 735-5.36 2.72 0.67 18.20 4.54 7.99 4.26 05/01/2001 0.64 0.64 Voya International Index Portfolio - Class S - 1552 (21) -5.17 0.95-0.19 18.97 4.97 6.45 2.69 03/04/2008 0.80 0.70 Foreign Large Growth American s EuroPacific Growth - Class R-4-573 World Large Stock American s Capital World Growth and Income - R-4-1004 -4.09 2.87 1.76 25.97 7.91 8.71 4.55 04/16/1984 0.85 0.85-3.68 3.63 2.10 20.63 8.28 10.61 6.02 03/26/1993 0.80 0.80 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 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 3 of 8
P E R F O R M A N C E U P D A T E STATE OF IOWA Average Annual Total Returns as of: 12/31/2017 (shown in percentages) Variable annuities and mutual funds offered through a retirement plan are intended as long-term investments designed for retirement purposes. Money distributed from a 403(b) plan, 401(a)/(k) plan, or a 457 plan will be taxed as ordinary income in the year the money is distributed. Early withdrawals from a 403(b) plan and a 401(a)/(k) plan, if taken prior to age 59½, will be subject to the IRS 10% premature distribution penalty tax, unless an exception applies. This IRS premature distribution penalty tax does not apply to 457 plans. Account values fluctuate with market conditions, and when surrendered the principal may be worth more or less than the original amount invested. 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. An administrative expense of 0.10% on an annual basis applies to all mutual fund investments in the Plan. The performance data shown below does not reflect the administrative expense. If such fees had been reflected, the performance data shown for each option would have been lower. All funds assume reinvestment of all dividends (ordinary income and capital gains) and are net of management fees and other fund operating expenses. Returns less than one year are not annualized. 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. Stability of Principal Money Market Voya Government Money Market - Class I - 167 (2) The 7-day annualized yield as of 12/31/2017 is 0.24%, which more closely reflects current earnings. (24) 0.05 0.13 0.26 0.26 0.12 0.08 0.29 01/03/1992 0.59 0.40 Stability of Principal Voya Fixed Account - 457/401-690 (1)(23) 0.25 0.75 3.00 3.00 3.00 3.00 3.06 Bonds High Yield Bond American s American High-Income Trust - Class R-4-1094 Inflation-Protected Bond American Century Inflation-Adjusted Bond - Inv Class - 1001 0.09 0.34 6.70 6.70 4.74 4.21 5.90 02/19/1988 0.69 0.69 1.04 1.30 3.08 3.08 1.84-0.29 3.21 02/10/1997 0.47 0.47 Intermediate Government Voya GNMA Income - Class I - 240 (3)(22) 0.22-0.05 1.94 1.94 1.93 1.86 3.89 08/17/1973 0.64 0.64 Intermediate-Term Bond Voya Intermediate Bond Portfolio - Class S - 1233 (4) 0.49 0.53 4.79 4.79 3.05 3.03 4.23 05/23/1973 0.79 0.79 Voya U.S. Bond Index Portfolio - Class S - 1555 (5) 0.46 0.25 2.94 2.94 1.67 1.50 3.32 03/04/2008 0.66 0.65 Short-Term Bond Voya Limited Maturity Bond Portfolio - Service Class - 781 0.02-0.03 1.20 1.20 1.02 0.89 1.70 01/24/1989 0.53 0.53 World Bond Templeton Global Bond - Class A - 178 (6) -1.55-1.95 2.35 2.35 1.35 1.57 5.69 09/18/1986 0.99 0.93 Asset Allocation Lifecycle - Index Page 4 of 8
Voya Index Solution 2025 Portfolio - Service Class - 1540 (7)(8) Voya Index Solution 2035 Portfolio - Service Class - 1543 (8)(9) Voya Index Solution 2045 Portfolio - Service Class - 1546 (8)(10) Voya Index Solution 2055 Portfolio - Service Class - 1162 (8)(11) Voya Index Solution Income Portfolio - Service Class - 1549 (8)(12) Balanced Allocation--50% to 70% Equity American s American Balanced - Class R-4-823 0.91 3.64 14.62 14.62 6.45 8.32 5.87 03/04/2008 0.71 0.64 1.05 4.83 18.39 18.39 7.87 10.15 6.63 03/04/2008 0.70 0.64 1.18 5.26 20.21 20.21 8.43 10.89 6.81 03/04/2008 0.68 0.64 1.12 5.28 20.63 20.63 8.48 11.00 9.94 03/08/2010 0.69 0.64 0.67 2.24 9.06 9.06 4.21 5.25 4.88 03/04/2008 0.71 0.64 1.35 4.51 15.43 15.43 8.39 11.02 7.34 07/26/1975 0.64 0.64 Calvert Balanced - Class A - 7527 1.00 3.98 11.52 11.52 5.31 8.49 5.32 10/21/1982 0.99 0.94 Janus Henderson Balanced - Class T Shares - 166 0.91 5.23 18.39 18.39 7.50 9.99 7.66 09/01/1992 0.83 0.83 VY T. Rowe Price Capital Appreciation Portfolio - Adviser - 320-0.17 2.75 14.72 14.72 9.00 12.00 8.43 01/24/1989 1.24 1.24 Large Cap Value Large Blend American s amental Investors - Class R-4-1208 Vanguard Total Stock Market Index - Institutional - 2208 Voya Russell Large Cap Index Portfolio - Class S - 1558 (13) 1.86 6.62 23.29 23.29 12.75 15.46 8.01 08/01/1978 0.66 0.66 1.00 6.34 21.17 21.17 11.09 15.55 8.73 07/07/1997 0.04 0.04 1.17 6.65 22.27 22.27 11.29 15.36 9.43 03/04/2008 0.63 0.62 Large Value Pioneer Equity Income - Class A Shares - 925 1.14 5.79 14.95 14.95 11.15 14.83 8.01 07/25/1990 1.04 1.04 Large Cap Growth Large Growth American Century Growth - Investor Class - 985 0.60 7.60 30.09 30.09 12.31 15.31 8.59 06/30/1971 0.98 0.98 Neuberger Berman Socially Responsive - Trust Class - 1120 1.56 5.46 18.39 18.39 8.96 14.50 7.51 03/16/1994 1.02 1.02 Small/Mid/Specialty Mid-Cap Blend Voya Russell Mid Cap Index Portfolio - Class S - 1561 (14) Mid-Cap Value AMG Managers Fairpointe Mid Cap - Class N - 7007 (15) VY American Century Small-Mid Cap Value Portfolio- Service - 440 (16) Small Blend Voya Russell Small Cap Index Portfolio - Class S - 1564 (17) 0.88 5.86 17.67 17.67 8.87 14.20 10.21 03/04/2008 0.69 0.68 1.51 5.32 11.52 11.52 7.44 14.48 9.59 09/19/1994 1.13 1.12 0.91 4.00 11.12 11.12 10.64 14.88 10.61 05/01/2002 1.41 1.12-0.51 3.19 13.97 13.97 9.45 13.68 10.30 03/04/2008 0.71 0.70 Small Growth Invesco Small Cap Growth - Class A - 233-0.45 6.63 24.91 24.91 10.92 15.50 9.59 10/18/1995 1.23 1.23 Small Value Columbia Small/Mid Cap Value - Class K Shares - 2028 (18) Victory Integrity Small-Cap Value - Class A - 6612 (19) Specialty - Real Estate VY Clarion Real Estate Portfolio - Service Class - 1019 (20) 0.62 3.40 12.86 12.86 7.48 12.32 6.42 02/14/2002 1.15 1.14 0.51 5.47 11.95 11.95 8.87 14.21 9.82 03/30/2004 1.52 1.50 0.11 2.70 5.18 5.18 4.12 8.39 7.30 01/24/1989 1.10 0.96 Page 5 of 8
Global / International Diversified Emerging Mkts Lazard Emerging Markets Equity Portfolio - Open Shares - 936 4.08 6.20 27.73 27.73 6.94 2.94 2.20 01/08/1997 1.35 1.35 Foreign Large Blend Dodge & Cox International Stock - 735 2.04 1.21 23.94 23.94 5.96 8.50 3.17 05/01/2001 0.64 0.64 Voya International Index Portfolio - Class S - 1552 (21) 1.14 3.60 24.51 24.51 7.39 7.07 2.75 03/04/2008 0.80 0.70 Foreign Large Growth American s EuroPacific Growth - Class R-4-573 World Large Stock American s Capital World Growth and Income - R-4-1004 1.09 4.14 30.70 30.70 9.28 8.83 3.59 04/16/1984 0.85 0.85 1.50 5.05 24.63 24.63 9.08 11.00 5.00 03/26/1993 0.80 0.80 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 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. Additional Notes (1)The current rate for the Voya Fixed Account - 457/401 MC 902, 690 is 3.00%, expressed as an annual effective yield. The current rate may change and be higher or lower than the previously identified rate but is guaranteed not to be less than 3.00%. VRIAC will not apply a decrease to the current rate following a rate change initiated solely by us prior to the last day of the three-month period measured from the first day of the month in which such change was effective. Note: The current rate for an initial investment in the fixed account previously identified may be in effect for less than a full three-month period. (2)YOU COULD LOSE MONEY BY INVESTING IN THE FUND. ALTHOUGH THE FUND SEEKS TO PRESERVE THE VALUE OF YOUR INVESTMENT AT $1.00 PER SHARE, IT CANNOT GUARANTEE IT WILL DO SO. AN INVESTMENT IN THE FUND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY. THE FUND'S SPONSOR HAS NO LEGAL OBLIGATION TO PROVIDE FINANCIAL SUPPORT TO THE FUND, AND YOU SHOULD NOT EXPECT THAT THE SPONSOR WILL PROVIDE FINANCIAL SUPPORT TO THE FUND AT ANY TIME. Voya Government Money Market - Class I: The adviser and distributor are contractually obligated to waive a portion of their management 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, 2018. Including this waiver, Total Annual Operating Expenses after Waivers and Reimbursements (for this 's most recent fiscal year) would have been 0.46%. There is no guarantee that the will maintain such a yield. Any management fees waived or expenses reimbursed may be subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. 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. (3)Voya GNMA Income - Class I: The adviser is contractually obligated to limit expenses to 0.65% through August 1, 2018. The limitation does not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fees and Expenses. This limitation is subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. Termination or modification of this obligation requires approval by the 's board. (4)Voya Intermediate Bond Portfolio - Class S: The adviser is contractually obligated to limit expenses to 0.78% through May 1, 2018. The limitation does not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fees and Expenses. This limitation is subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. Page 6 of 8
Additional Notes (5)Voya U.S. Bond Index Portfolio - Class S: The adviser is contractually obligated to limit expenses to 0.65% through May 1, 2018. The limitation does not extend to interest, taxes, interest-related costs, leverage expenses, extraordinary expenses, and Acquired Fees and Expenses. This limitation is subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. (6)Templeton Global Bond - Class A: The investment manager has contractually agreed in advance to reduce its fees as a result of the 's investments in Franklin Templeton affiliated funds (acquired funds), including a Franklin Templeton money fund, for the next 12-month period. Contractual fee waiver and/or expense reimbursement agreements may not be changed or terminated during the time period set forth above. (7)Voya Index Solution 2025 Portfolio - Service Class: The adviser is contractually obligated to limit expenses to 0.64% through May 1, 2018. The limitation does not extend to interest, taxes, investment-related costs, leverage expenses and extraordinary expenses. (8)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, 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 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 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, 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. (9)Voya Index Solution 2035 Portfolio - Service Class: The adviser is contractually obligated to limit expenses to 0.64% through May 1, 2018. The limitation does not extend to interest, taxes, investment-related costs, leverage expenses and extraordinary expenses. (10)Voya Index Solution 2045 Portfolio - Service Class: The adviser is contractually obligated to limit expenses to 0.64% through May 1, 2018. The limitation does not extend to interest, taxes, investment-related costs, leverage expenses and extraordinary expenses. (11)Voya Index Solution 2055 Portfolio - Service Class: The adviser is contractually obligated to limit expenses to 0.64% through May 1, 2018. The limitation does not extend to interest, taxes, investment-related costs, leverage expenses and extraordinary expenses. (12)Voya Index Solution Income Portfolio - Service Class: The adviser is contractually obligated to limit expenses to 0.64% through May 1, 2018. The limitation does not extend to interest, taxes, investment-related costs, leverage expenses, and extraordinary expenses. (13)Voya Russell (TM) Large Cap Index Portfolio - Class S: The adviser is contractually obligated to limit expenses to 0.62% through May 1, 2018. The limitation does not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fees and Expenses. This limitation is subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. (14)Voya Russell (TM) Mid Cap Index Portfolio - Class S: The adviser is contractually obligated to limit expenses to 0.68% through May 1, 2018. The limitation does not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fees and Expenses. This limitation is subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. (15)AMG Managers Fairpointe Mid Cap - Class N: AMG s LLC (the Investment Manager) has contractually agreed to waive the administration fee in an amount equal to an annual rate of 0.0065% through October 1, 2018. (16)VY American Century Small-Mid Cap Value Portfolio - Service Class: The adviser is contractually obligated to limit expenses to 1.27% through May 1, 2017. The limitation does not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fees and Expenses. This limitation is subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. The adviser is contractually obligated to waive a portion of the management fee through May 1, 2017. The management fee waiver for the Portfolio is an estimated 0.16%. Termination or modification of these obligations Page 7 of 8
Additional Notes requires approval by the Portfolio's board. (17)Voya Russell (TM) Small Cap Index Portfolio - Class S: The adviser is contractually obligated to limit expenses to 0.70% through May 1, 2018. The limitation does not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fees and Expenses. This limitation is subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. (18)Columbia Small/Mid Cap Value - Class K Shares: The 's transfer agent has contractually agreed to waive fees and/or to reimburse expenses through September 30, 2018, unless sooner terminated by the 's Board of Trustees (the Board), so that the fees payable under the 's transfer agency agreement do not exceed the annual rates of 0.05%. (19)Victory Integrity Small-Cap Value - Class A: Victory Capital Management Inc., the 's investment adviser ("Adviser"), has contractually agreed to waive its management fee and/or reimburse expenses so that the total annual operating expenses of the (excluding acquired fund fees and expenses and certain items such as interest, taxes and brokerage commissions) do not exceed 1.50% until at least October 31, 2017. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed for up to three years after the fiscal year in which the waiver or reimbursement took place (including any amounts waived or reimbursed prior to October 31, 2014 by Munder Capital Management, investment adviser to the 's predecessor, Munder Veracity Small-Cap Value, a series of Munder Series Trust), subject to the lesser of: (a) any operating expense limits in effect at the time of the original waiver or expense reimbursement; or (b) at the time of recoupment. This agreement may only be terminated by the 's Board of Trustees. (20)VY Clarion Real Estate Portfolio - Service Class: The adviser is contractually obligated to limit expenses to 1.00% through May 1, 2017. The limitation does not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fees and Expenses. This limitation is subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. The adviser is contractually obligated to waive a portion of the management fee through May 1, 2017. The management fee waiver for the Portfolio is an estimated 0.04%. Termination or modification of these obligations requires approval by the Portfolio's board. (21)Voya International Index Portfolio - Class S: The adviser is contractually obligated to limit expenses to 0.75% through May 1, 2018. In addition, the adviser is contractually obligated to further limit expenses to 0.70% through May 1, 2018. These limitations do not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fees and Expenses. These limitations are subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. The distributor is contractually obligated to waive 0.01% of the distribution fee through May 1, 2018. Termination or modification of these obligations requires approval by the Portfolio's board. (22)Voya GNMA Income - Class I has identical investment objectives and policies, the same portfolio manager, and invests in the same holdings as Class A. The performance information above is based upon the Class A performance, excluding sales charges, and has not been adjusted by the fee differences between classes. (23)The Investment Option is neither a mutual fund nor part of a Separate Account. The returns listed do not include the impact of contract charges. Please refer to the contract or disclosure book to determine which Fixed Interest Options are available for your specific plan. The Investment Option is offered through Voya Retirement Insurance and Annuity Company. (24)The current yield reflects the deduction of all charges that are deducted from the total return quotations shown. Insurance products, annuities and funding agreements issued by Voya Retirement Insurance and Annuity Company, One Orange Way Windsor, CT 06095, (VRIAC), which is solely responsible for meeting its obligations. Plan administrative services provided by VRIAC or Voya Institutional Plan Services, LLC. All companies are members of the Voya family of companies. Securities are distributed by or offered through Voya Financial Partners, LLC (member SIPC) or other broker-dealers with which it has a selling agreement. The chart shows the performance for each investment option for the time periods shown. Creation : Wednesday, March 07, 2018 Page 8 of 8