Class A Shares
Minimum Investment Amount: $1,000 [1]
Maximum Investment Amount: None [2]
Key Features:
- Lower ongoing fund expense
- Quantity discounts (breakpoints)
- Traditional up-front sales charge at time of purchase
- Load waivers available for certain groups of investors
- NAV breakpoint at $1 million
Investor Profile
- Long term investors who are comfortable with traditional front-end loads
- Large-volume purchasers who want to take advantage of quantity discounts
- Investors concerned with higher ongoing fees
Class C Shares*
Minimum Investment Amount: $1,000 [1]
Maximum Investment Amount: $1,000,000 [2]
Key Features:
- No front-end sales charge
- Full investment begins working immediately
- One-year contingent deferred sales charge
- Systematic withdrawal plan available [3]
Investor Profile
- Clients opposed to front-end sales loads
- Investors who want to spread the sales charge payment over time
- Investors in a managed account wrap program
- Investors who have a shorter or uncertain time horizon
Class I Shares (Institutional)
No loads. No 12b-1 Fees. Available through certain eligible intermediaries (defined benefit plans, insurance companies, wrap programs, retirement programs).
Minimum Investment Amount: $250,000
Class R Shares (Retirement)
No loads. 0.50% 12b-1 Fees. 0.50% trail starting the 13th month. No dealer reallowance. Available through qualified retirement plans.
Minimum Investment Amount: None
Class W Shares (Institutional)
The "W" share is an institutional share class designed specifically for wrap programs and retirement programs. "W" shares are available for a low minimum investment of $1,000. On some platforms, they are available with no minimum requirements.
Fund Features Across Share Classes Table
| Fund Features | Class A | Class C |
|---|---|---|
| Minimum Investment Amount [1] | $1,000 | $1,000 |
| Maximum Investment Amount [2] | None | $1,000,000 |
| Systematic Withdrawal Program (SWP) [3] | Yes | Yes |
| Pre-Authorized Investment Plan [4] | Yes | Yes |
| Free Exchanges within Class [5] | Yes | Yes |
| Directed Dividend Reinvestments within Fund Family | Yes | Yes |
| Letter of Intent [6] | Yes | — |
| Rights of Accumulation [6] | Yes | — |
| Combination Privilege [7] | Yes | Yes |
| Reinstatement Privileges [8] | — | Yes |
| CDSC Waiver for Death | — | Yes |
| CDSC Waiver for Retirement Plan Required Distributions | — | Yes |
| CDSC Waiver for reinvestment of dividends & capital gains distributions | Yes | — |
| Automatic Conversion to Class A | — | — |
- [1] $250 for IRA Accounts.
- [2] Orders for Class C shares in excess $1,000,000 will be declined.
- [3] Systematic Withdrawal Plan. Your account must have a current value of at least $10,000. Minimum withdrawal amount = $100. CDSC is waived for SWP up to max of 12% per year.
- [4] For Pre-Authorized Investment Plans, minimum initial investment is $1,000 with a $100 subsequent investment minimum.
- [5] When exchanging from a Money Market Class A into Class A of another VOYA Fund (except a Money Market Fund) there will be a front-end load. No exchanges into Voya Corporate Leaders Trust.
- [6] Rights of accumulation does not apply to Voya Government Money Market Fund
- [7] Shares held by investors in the Voya mutual funds which impose a CDSC may be combined with Class A shares for a reduced sales charge.
- [8] Allowed within 90 days. Can only be used once in a calendar year. Apply to A & C CDSC.