Voya Intermediate Bond Portfolio may join certain private investments with accounts managed by Voya affiliates, while its Investment scope includes private Credit Assets through Voya Intermediate Bond Fund. The change matters because affiliated co-investments can create conflicts, with policies intended to allocate opportunities fairly among participating accounts.

Key Highlights

  • Effective immediately, the supplement adds a co-investments-with-affiliates subsection to Voya Intermediate Bond Portfolio’s Statements of Additional Information.
  • Voya Intermediate Bond Fund now lists private credit assets under its Asset Class and investment techniques.
  • Affiliate co-investments are subject to regulatory relief and related policies and procedures addressing conflicts and allocation of investment opportunities.

The portfolio’s updated statements of additional information address affiliate co-investments and the potential for conflicts of interest. Related policies are designed to support fair and equitable allocation among participating accounts.

New Affiliate Co-Investment Terms Take Effect

The language also acknowledges that affiliated transactions may create actual or perceived conflicts between the portfolio and its affiliates. Applicable regulatory relief and related procedures govern those transactions. The procedures are intended to address conflicts of interest and provide fair allocation of investment opportunities among accounts taking part. The revised material also changes the investment-technique table for Voya Intermediate Bond Fund by adding private credit assets.