Voya High Yield Portfolio - Service Class Release Date

03-31-18..........................................................................................................................................................................................................................................................................................................................................CategoryHigh Yield Bond

Investment Objective & StrategyFrom the investment's prospectus

The investment seeks to provide investors with a high level of current income and total return. Under normal market conditions, the Portfolio invests at least 80% of its net assets (plus borrowings for investment purposes) in a diversified portfolio of high-yield (high risk) bonds commonly known as "junk bonds." High-yield bonds are debt securities that, at the time of purchase, are not rated by a nationally recognized statistical rating organization ("NRSRO") or are rated below investment-grade (for example, rated below BBB- by S&P Global Ratings or Baa3 by Moody's Investors Service, Inc.) or have an equivalent rating by a NRSRO. Past name(s) : ING High Yield Port S.

Volatility and RiskVolatility as of 03-31-18

Low Moderate High

Investment

Category

Risk Measures as of 03-31-18 Port Avg Rel BC Aggr Rel Cat3 Yr Std Dev 4.72 1.75 0.913 Yr Beta 0.46 . 1.28

Principal RisksLending, Credit and Counterparty, Extension, Prepayment (Call),Currency, Emerging Markets, Foreign Securities, Loss ofMoney, Not FDIC Insured, Capitalization, Issuer, Interest Rate,Market/Market Volatility, High-Yield Securities, Other,Restricted/Illiquid Securities, Underlying Fund/Fund of Funds,U.S. Government Obligations, Derivatives, Credit DefaultSwaps, Zero-Coupon Bond, Financials Sector

Important InformationMorningstar Investment Profiles must be accompaniedby Morningstar Disclosure and Glossary.

Funds or their affiliates may pay compensation to Voya®affiliates offering a fund. Such compensation may be paid outof distribution, service and/or 12b-1 fees that are deducted fromthe fund's assets, and/or may be paid directly by the fund'saffiliates. Any fees deducted from fund assets are discussed inthe fund's prospectus and disclosed in the fund fact sheet.Because these fees are paid on an on-going basis, over timethese fees will increase the cost of your investment and maycost you more than paying other types of sales charges. Ifoffered through a retirement program, additional fees andexpenses may be charged under that program. NOT A DEPOSIT.NOT FDIC INSURED. NOT INSURED BY ANY FEDERALGOVERNMENT AGENCY. NOT GUARANTEED BY THEINSTITUTION. MAY GO DOWN IN VALUE.

Portfolio AnalysisComposition as of 12-31-17 % Assets

U.S. Stocks 0.0Non-U.S. Stocks 0.0Bonds 98.2Cash 1.2Other 0.6

Morningstar Fixed Income Style Box™ as of 12-31-17

HighM

edLow

Ltd Mod Ext

Avg Eff Duration 3.91Avg Eff Maturity 4.80

Top 10 Holdings as of 12-31-17 % Assets

Sprint Nextel 6% 11-15-22 0.90Hca 7.5% 02-15-22 0.71First Data 144A 7% 12-01-23 0.69Hot Topic 144A 9.25% 06-15-21 0.61Wpx Engy 6% 01-15-22 0.61.......................................................................................................Sprint 7.125% 06-15-24 0.59Vizient 144A 10.375% 03-01-24 0.57Numericable Grp Sa 144A 6.25% 05-15-24 0.55Valeant Pharmaceuticals Intl 144A 6.75% 08-15-21 0.55Telecom Italia Cap 6.375% 11-15-33 0.54

Morningstar F-I Sectors as of 12-31-17 % Fund

⁄ Government 0.00› Corporate 98.77€ Securitized 0.00‹ Municipal 0.00fi Cash/Cash Equivalents 1.23± Other 0.00

Credit Analysis: % Bonds as of 12-31-17

AAA 0 BB 32AA 0 B 45A 0 Below B 21BBB 0 Not Rated 2

OperationsGross Prosp Exp Ratio 0.74% of fund assetsNet Prosp Exp Ratio 0.73% of fund assetsManagement Fee 0.49%12b-1 Fee 0.25%Other Fee .Miscellaneous Fee(s) 0.00%Fund Inception Date 05-03-04Total Fund Assets ($mil) 539.9Annual Turnover Ratio % 37.00Fund Family Name Voya

Waiver Data Type Exp. Date %

Management Fee Contractual 05-01-18 0.01

Portfolio Manager(s)

Rick Cumberledge, CFA. Since 2014.Randall Parrish, CFA. Since 2014.................................................................................................Advisor Voya Investments, LLCSubadvisor Voya Investment Management Co.

LLC

NotesThe adviser is contractually obligated to waive a portion of the management fee through May 1, 2018. The management fee waiverfor the Portfolio is an estimated 0.01%. Termination or modification of this obligation requires approval by the Portfolio's board.

©2018 Morningstar, Inc., Morningstar Investment Profiles™ 312-696-6000. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) maynot be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any useof information. Past performance is no guarantee of future performance. Visit our investment website at www.morningstar.com.

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