Voya Investment Management Reduces Fees on its Large-Cap Growth Fund

NEW YORK, Aug. 10, 2017 /PRNewswire/ -- Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today that effective August 1, 2017, the Voya Large-Cap Growth Fund has lowered the management fees and total expense ratio across all share classes.

Specifically, the Fund's management fees declined from 0.80 percent to 0.51 percent across all share classes.  In addition, the firm has also simplified fee disclosures including:

• The elimination of almost all of the waivers except for Class I
• 12b-1 fee for Class A shares drops from 0.35 percent to 0.25 percent

"On a regular basis, Voya's Product Team evaluates fees across our entire product line-up, relative to peers," said Jake Tuzza, managing director and head of Intermediary Distribution.  "We believe these changes position our fund competitively versus the Morningstar Large-Cap Growth Category peer group."

Voya Large-Cap Growth Fund invests in stocks of large-sized U.S. companies, which fall within the range of companies in the Russell 1000 Growth Index.  The Fund uses a fundamentals-based stock selection that seeks companies with positive business momentum, market recognition, and valuations with upside potential.

The investment team is led by Jeff Bianchi who has been on the Large-Cap Growth team since 1995.  He became a portfolio manager for the Fund in 2000.  The Large-Cap Growth team manages a total $11.7 billion in assets across mutual fund, CIT and separate account vehicles.

"Our investment process is aimed at creating consistent and reliable returns with attractive risk-adjusted performance," said Tuzza.

The below chart summarizes the new fee structure for the fund:

The adviser and distributor are contractually obligated to limit expenses to 1.15%, 1.90%, 0.90%, 1.40%, 0.80%, and 0.90% for Class A, Class C, Class I, Class R, Class R6, and Class W shares, respectively, through October 1, 2017. In addition, the adviser is contractually obligated to further limit expenses to 1.04%, 1.79%, 0.66%, 1.29%, 0.58%, and 0.79% for Class A, Class C, Class I, Class R, Class R6, and Class W shares, respectively, through October 1, 2018. The limitations do not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fund Fees and Expenses. These limitations are subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. Termination or modification of these obligations requires approval by the Fund's board.

Media Contact:
Kristopher Kagel
(212) 309-6568   
Kristopher.Kagel@voya.com      

About Voya Investment Management
A leading, active asset management firm, Voya Investment Management manages, as of June 30, 2017, more than $217 billion for affiliated and external institutions as well as individual investors. With 40 years of history in asset management, Voya Investment Management has the experience and resources to provide clients with investment solutions with an emphasis on equities, fixed income, and multi-asset strategies and solutions. Voya Investment Management was named in 2016 as a "Best Places to Work" by Pensions and Investments magazine. For more information, visit voyainvestments.com. Follow Voya Investment Management on Twitter @VoyaInvestments.

About Voya Financial^®
Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings — to get ready to retire better. Serving the financial needs of approximately 13.6 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $11 billion in revenue in 2016. The company had $517 billion in total assets under management and administration as of June 30, 2017. With a clear mission to make a secure financial future possible — one person, one family, one institution at a time — Voya's vision is to be America's Retirement Company^®. Certified as a "Great Place to Work" by the Great Place to Work^® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible and has been recognized as one of the 2017 World's Most Ethical Companies^® by the Ethisphere Institute, as well as one of the Top Green Companies in the U.S., by Newsweek magazine. For more information, visit voya.com. Follow Voya Financial on Facebook and Twitter @Voya.

Investment Risks: All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Growth stocks may be more volatile than value stocks due to their relatively high valuations, and growth investing may fall out of favor with investors. An investment in securities of Larger Companies carries with it the risk that the company (and its earnings) may grow more slowly than the economy as a whole or not at all. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Other risks of the Fund include but are not limited to: Initial Public Offerings Risks; Market Trends Risks; Other Investment Companies Risks; Price Volatility Risks; Inability to Sell Securities Risks; and Securities Lending Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.

An investor should consider the investment objectives, risks, charges and expenses of the Fund(s) carefully before investing. For a free copy of the Fund's prospectus, or summary prospectus, which contains this and other information, visit us at www.voyainvestments.com or call (800) 992-0180. Please read the prospectus carefully before investing.

©2017 Voya Investments Distributor, LLC, 230 Park Ave, New York, NY 10169.

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SOURCE Voya Investment Management