M&A - Voya PARTNERS INC

Form Type: 497K

Filing Date: 2025-04-30

Corporate Action: Merger

Type: Update

Accession Number: 000168386325004271

Filing Summary: Voya Partners Inc has announced a proposed reorganization of the Voya Index Solution 2025 Portfolio into the Voya Index Solution Income Portfolio, which is designed for investors approaching retirement. The Portfolio's Board approved the proposal on November 14, 2024, with the reorganization expected to occur on or about August 8, 2025. Shareholders holding shares of the Voya Index Solution 2025 Portfolio on the Closing Date will be converted into shares of the Voya Index Solution Income Portfolio, which targets a similar allocation strategy and caters to investors who are nearing their retirement or are already retired. This change aligns with the Portfolio's objective to provide a stable retirement income and adjust its asset allocation as it approaches the target date of 2025 to reduce investment risk. The summary prospectus provides an overview of the Portfolio's investment strategies, fees and expenses, principal risks, and changes to the investment allocation as it nears the target date.

Form Type: 497K

Filing Date: 2025-04-30

Corporate Action: Merger

Type: New

Accession Number: 000168386325004272

Filing Summary: On April 30, 2025, Voya Partners Inc. filed a 497K form detailing the Voya Index Solution 2025 Portfolio (Class Z/VSZBX). This document serves as a summary prospectus, providing insights into the portfolio's objectives, fees, and strategies regarding asset allocation aimed at investors planning for retirement around the year 2025. It incorporates the prospectus and audited financial statements by reference, emphasizing an investment strategy where at least 80% of net assets are typically allocated in passively managed index funds, emphasizing a 35% allocation in equities and 65% in debt instruments. The document also outlines that the portfolio is designed for long-term investors with a specific target retirement date. Significant points include a pending merger approved by the Portfolio's Board on November 14, 2024, to reorganize the Portfolio into the Voya Index Solution Income Portfolio, effective approximately on August 8, 2025, which does not require shareholder approval. It discusses risks, such as market volatility and asset allocation risks, and highlights that the portfolio's performance is sensitive to various factors like economic conditions, regulatory changes, and interest rate fluctuations.

Form Type: 497K

Filing Date: 2025-04-30

Corporate Action: Merger

Type: New

Accession Number: 000168386325004277

Filing Summary: The Voya Index Solution 2035 Portfolio is designed for investors anticipating retirement around the year 2035. It aims to provide total return while ensuring stability of principal as it approaches its target date. The investment strategy focuses on an allocation of 62% to equity securities and 38% to debt instruments. The document outlines the annual operating expenses, highlighting a total of 0.40% before waivers, which is reduced to 0.17% after waivers. The expenses may vary if additional fees from variable contracts or qualified plans are considered. The Portfolio's investment objective shifts to align more conservatively with the Voya Index Solution Income Portfolio by the target date, with an eventual merger anticipated upon reaching this date. Key investment risks include asset allocation challenges, potential declines in foreign currencies, geopolitical risks, and exposure to high-yield securities. Furthermore, performance may be influenced by market conditions and the Portfolio's asset mix will adjust over time to manage risk effectively as the target date approaches. It includes diversification across various asset classes, including derivatives and non-traditional strategies. Investors are warned that investments, especially in emerging markets like China, carry higher risks.

Form Type: 497K

Filing Date: 2025-04-30

Corporate Action: Merger

Type: New

Accession Number: 000168386325004289

Filing Summary: On April 30, 2025, Voya PARTNERS INC filed the 497K form to outline the Voya Index Solution 2060 Portfolio summary prospectus. The document describes the investment objective, fees and expenses, principal investment strategies, and principal risks associated with the portfolio designed for investors targeting retirement around the year 2060. It emphasizes an asset allocation strategy, predominantly investing at least 80% of its net assets in passively managed index funds. The target allocation includes 95% in equity securities and 5% in debt instruments. As the portfolio approaches its target date, its investment strategy will become more conservative, aligning with the Voya Index Solution Income Portfolio. Additionally, principal risks, such as market and credit risks, are discussed extensively, highlighting the potential for volatility and loss in value as market conditions fluctuate.

Form Type: 497K

Filing Date: 2025-04-30

Corporate Action: Merger

Type: Update

Accession Number: 000168386325004320

Filing Summary: Voya Partners Inc. has announced a proposed reorganization of its Voya Solution 2025 Portfolio into the Voya Solution Income Portfolio. This merger aims to provide a more conservative investment strategy as the Portfolio approaches its Target Date in 2025, ensuring stability of principal and total return. The reorganization is expected to occur on or about August 8, 2025, without needing shareholder approval. As part of the Portfolio's investment strategy, the Portfolio primarily invests in a mix of actively managed funds and passively managed index funds, with an asset allocation significantly focused on retirement needs around the 2025 timeline. The merger entails actualizing a glide path that will transition the Portfolio's allocations toward that of the Voya Solution Income Portfolio over the years, becoming more conservative as 2025 approaches. Other financial details such as operating expenses and risks associated with the investment strategies are outlined in the document.

Form Type: 497K

Filing Date: 2025-04-30

Corporate Action: Merger

Type: Update

Accession Number: 000168386325004324

Filing Summary: The document provides a summary prospectus for the Voya Solution 2035 Portfolio, which is designed for long-term investors targeting retirement around the year 2035. It outlines the portfolio's investment objective, which aims to offer a stable return with a conservative asset allocation as it approaches its target date. The document details the portfolio's fees, expenses, and operating costs, including a breakdown of management fees, distribution fees, and total annual operating expenses. It mentions significant contractual obligations and expense limitations that will last until May 1, 2026. The principal investment strategies include investing predominantly in a mix of actively and passively managed funds, targeting an allocation of 62% in equity securities and 38% in debt instruments. Additionally, it highlights the risks associated with investing in the portfolio and how it plans to transition into the Voya Solution Income Portfolio upon reaching the target date, noting that the asset allocation will gradually become more conservative. The document emphasizes the variability of the portfolio's performance based on numerous factors and stresses the complexities and risks of various investment strategies including equity securities exposure, derivatives, and international investments.

Form Type: 497K

Filing Date: 2025-04-30

Corporate Action: Merger

Type: New

Accession Number: 000168386325004329

Filing Summary: The document details the Voya Solution 2055 Portfolio, which seeks to provide a total return consistent with its asset allocation targeted at retirement around the year 2055. As the Portfolio approaches its Target Date, it aims to transition towards a more conservative allocation, ultimately anticipated to mirror that of the Voya Solution Income Portfolio—which consists of approximately 35% equity securities and 65% debt instruments. The Portfolio's structure reflects its intent to manage investment risk while targeting long-term investors. It outlines various fees and expenses associated with the investment, including management fees and other operating expenses, and highlights principal investment strategies emphasizing diversified fund investments, including actively managed funds and exchange-traded funds (ETFs). Notably, the document outlines a glide path illustrating the targeted investment allocation change over time until the Target Date. The Portfolio intends to merge with Voya Solution Income Portfolio upon reaching the target date. Furthermore, it clarifies risks associated with investments in various markets and asset classes, emphasizing the potential volatility and performance variability within its investment framework.