Investment Performance
| PERFORMANCE UPDATE | |
| TRSL ORP | |
| Average Annual Total Returns as of 05/31/2023 (shown in percentages) |
| Variable annuities and mutual funds offered through a retirement plan are intended as long-term investments designed for retirement purposes. Money distributed from a 403(b) plan, 401(a)/(k) plan, or a 457 plan will be taxed as ordinary income in the year the money is distributed. Early withdrawals from a 403(b) plan and a 401(a)/(k) plan, if taken prior to age 59 1/2, will be subject to the IRS 10% premature distribution penalty tax, unless an exception applies. This IRS premature distribution penalty tax does not apply to 457 plans. Account values fluctuate with market conditions, and when surrendered the principal may be worth more or less than the original amount invested. |
| The performance data quoted represents past performance. Past performance does not guarantee future results. For month-end performance which may be lower or higher than the performance data shown please call 800-584-6001. Investment return and principal value of an investment will fluctuate so that, when sold, an investment may be worth more or less than the original cost. |
| Voya will assess an annual asset-based service fee of 0.20% to all investment options including balances held in your plans Stability of Principal or Fixed Account. This fee is deducted from your account at a frequency determined by your plan monthly or quarterly and will be pro-rated across balances held in each of the investment options. These returns do not reflect any plan level administrative fees, if applicable; if reflected, returns would be less favorable. Please contact your local representative for more information. |
| The returns assume reinvestment of all dividends (ordinary income and capital gains) and are net of management fees and other fund operating expenses. |
| You should consider the investment objectives, risks and charges, and expenses of the funds carefully before investing. The prospectus contains this and other information. Anyone who wishes to obtain a free copy of the fund prospectuses may call their Voya representative or the number above. Please read the prospectus carefully before investing. |
| Returns less than one year are not annualized. Fund Inception Date is the date of inception for the underlying fund, and is the date used in calculating the periodic returns. This date may also precede the portfolio's inclusion in the product. |
| Investment Options | 1-Mo | 3-Mo | YTD | 1-Yr | 3-Yr | 5-Yr | 10-Yr | Incept | Fund Inception Date | Gross Fund Exp %* | Net Fund Exp %* |
| Stability of Principal |
|
| Voya Stable Value Fund - Fee Class 20 CIT - 9312 | 0.22 | 0.64 | 1.01 | 2.20 | 1.92 | 2.06 | 1.99 | 10/03/2016 | 0.20 | 0.20 |
| Bonds |
|
| PGIM High Yield Fund - Class R6 - 6589 | -0.90 | 1.51 | 3.38 | -1.04 | 3.00 | 3.37 | 4.29 | 03/01/1996 | 0.38 | 0.38 |
|
| Baird Aggregate Bond Fund - Institutional Class - 6931 | -1.04 | 1.88 | 2.68 | -1.76 | -3.25 | 1.10 | 1.78 | 09/29/2000 | 0.30 | 0.30 |
| Vanguard� Total Bond Market Index Fund - Institutional - 799 | -1.08 | 2.03 | 2.62 | -2.01 | -3.66 | 0.87 | 1.37 | 09/18/1995 | 0.04 | 0.04 |
| Asset Allocation |
|
| Vanguard� Target Retirement 2020 Fund - 1296 (1) | -0.90 | 2.43 | 4.65 | -0.57 | 3.73 | 4.13 | 5.59 | 06/07/2006 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2025 Fund - 926 (1) | -0.96 | 2.51 | 5.22 | -0.37 | 4.64 | 4.58 | 6.16 | 10/27/2003 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2030 Fund - 1297 (1) | -0.96 | 2.63 | 5.67 | -0.16 | 5.62 | 5.00 | 6.66 | 06/07/2006 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2035 Fund - 793 (1) | -1.01 | 2.70 | 5.99 | 0.04 | 6.68 | 5.45 | 7.18 | 10/27/2003 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2040 Fund - 1298 (1) | -1.01 | 2.73 | 6.29 | 0.24 | 7.71 | 5.88 | 7.64 | 06/07/2006 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2045 Fund - 794 (1) | -1.06 | 2.79 | 6.62 | 0.43 | 8.78 | 6.34 | 7.96 | 10/27/2003 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2050 Fund - 1299 (1) | -1.05 | 2.83 | 6.80 | 0.59 | 8.90 | 6.42 | 7.99 | 06/07/2006 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2055 Fund - 2473 (1) | -1.08 | 2.81 | 6.78 | 0.58 | 8.90 | 6.41 | 7.97 | 08/18/2010 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2060 Fund - 3447 (1) | -1.07 | 2.80 | 6.80 | 0.59 | 8.91 | 6.41 | 7.98 | 01/19/2012 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2065 Fund - 8995 (1)(2) | -1.06 | 2.84 | 6.80 | 0.66 | 8.93 | 6.39 | 7.15 | 07/12/2017 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2070 Fund - F690 (1) | -1.06 | 2.79 | 6.79 | 7.88 | 06/17/2022 | 0.08 | 0.08 |
| Vanguard� Target Retirement Income Fund - 795 (1) | -0.86 | 2.31 | 4.06 | -0.75 | 1.68 | 3.13 | 3.80 | 10/27/2003 | 0.08 | 0.08 |
| Balanced |
|
| Principal Diversified Real Asset Fund - Class R-6 - 9704 | -4.64 | -2.66 | -2.31 | -12.04 | 8.33 | 3.25 | 2.53 | 03/16/2010 | 0.78 | 0.78 |
| Large Cap Value/Blend |
|
| DFA U.S. Core Equity 2 Portfolio - Institutional Class - 3226 | -1.36 | -0.26 | 4.40 | 0.15 | 14.26 | 8.87 | 10.39 | 09/15/2005 | 0.18 | 0.18 |
| DFA U.S. Large Company Portfolio - Institutional Class - 3737 (5) | 0.42 | 5.75 | 9.63 | 2.83 | 12.86 | 10.95 | 11.92 | 09/23/1999 | 0.09 | 0.08 |
| JPMorgan U.S. Equity Fund - Class R6 Shares - 3168 (3) | 1.23 | 5.73 | 10.28 | 3.35 | 13.78 | 12.40 | 12.69 | 09/17/1993 | 0.47 | 0.44 |
| TIAA-CREF Social Choice Equity Fund - Institutional Class - 1224 (4) | -0.64 | 0.95 | 5.12 | 0.75 | 11.49 | 9.89 | 10.80 | 07/01/1999 | 0.18 | 0.18 |
| Vanguard� Institutional Index Fund - Institutional Shares - 566 | 0.43 | 5.74 | 9.63 | 2.88 | 12.89 | 10.99 | 11.96 | 07/31/1990 | 0.04 | 0.04 |
| Large Cap Growth |
|
| T. Rowe Price Large-Cap Growth Fund - I Class - 2467 | 5.01 | 16.11 | 23.21 | 10.18 | 8.86 | 10.68 | 14.71 | 10/31/2001 | 0.55 | 0.55 |
| Small/Mid/Specialty |
|
| Fidelity� Extended Market Index Fund - D113 | 0.44 | -4.58 | 4.04 | -3.46 | 7.82 | 4.63 | 8.35 | 11/05/1997 | 0.04 | 0.04 |
|
| DFA U.S. Small Cap Portfolio - Institutional Class - 9753 | -2.21 | -8.58 | -1.26 | -3.49 | 15.19 | 4.65 | 8.26 | 03/19/1992 | 0.27 | 0.27 |
|
| Vanguard� Explorer™ Fund - Admiral™ Shares - 828 | -1.57 | -4.45 | 3.71 | -0.36 | 8.89 | 7.16 | 10.14 | 11/12/2001 | 0.34 | 0.34 |
|
| DFA U.S. Targeted Value Portfolio - Institutional Class - 2566 | -2.97 | -11.39 | -4.24 | -6.64 | 21.67 | 5.34 | 8.17 | 02/23/2000 | 0.29 | 0.29 |
| Global / International |
|
| Vanguard� Total International Stock Index Fund - Adm™ Sh - 9889 | -3.41 | 0.84 | 4.82 | -1.40 | 7.47 | 2.37 | 4.20 | 04/29/1996 | 0.11 | 0.11 |
|
| American Funds EuroPacific Growth Fund� - Class R-6 - 1723 | -3.18 | 2.41 | 7.51 | 1.10 | 5.88 | 2.91 | 5.51 | 04/16/1984 | 0.46 | 0.46 |
| The risks of investing in small company stocks may include relatively low trading volumes, a greater degree of change in earnings and greater short-term volatility. |
| Foreign investing involves special risks such as currency fluctuation and public disclosure, as well as economic and political risks. |
| Some of the Funds invest in securities guaranteed by the U.S. Government as to the timely payment of principal and interest; however, shares of the Funds are not insured nor guaranteed. |
| High yielding fixed-income securities generally are subject to greater market fluctuations and risks of loss of income and principal than are investments in lower yielding fixed-income securities. |
| Sector funds may involve greater-than average risk and are often more volatile than funds holding a diversified portfolio of stocks in many industries. Examples include: banking, biotechnology, chemicals, energy, environmental services, natural resources, precious metals, technology, telecommunications, and utilities. |
| *The Gross Expense Ratios shown do not reflect temporary fee or expense waivers that may be in effect for a fund. The Net Expense Ratios reflect any applicable temporary fee or expense waivers. The performance of a fund with a temporary fee or expense waiver would have been lower if the gross fund fees/expenses listed had been reflected. |
| PERFORMANCE UPDATE | |
| TRSL ORP | |
| Average Annual Total Returns as of 03/31/2023 (shown in percentages) |
| Variable annuities and mutual funds offered through a retirement plan are intended as long-term investments designed for retirement purposes. Money distributed from a 403(b) plan, 401(a)/(k) plan, or a 457 plan will be taxed as ordinary income in the year the money is distributed. Early withdrawals from a 403(b) plan and a 401(a)/(k) plan, if taken prior to age 59 1/2, will be subject to the IRS 10% premature distribution penalty tax, unless an exception applies. This IRS premature distribution penalty tax does not apply to 457 plans. Account values fluctuate with market conditions, and when surrendered the principal may be worth more or less than the original amount invested. |
| The performance data quoted represents past performance. Past performance does not guarantee future results. For month-end performance which may be lower or higher than the performance data shown please call 800-584-6001. Investment return and principal value of an investment will fluctuate so that, when sold, an investment may be worth more or less than the original cost. |
| Voya will assess an annual asset-based service fee of 0.20% to all investment options including balances held in your plans Stability of Principal or Fixed Account. This fee is deducted from your account at a frequency determined by your plan monthly or quarterly and will be pro-rated across balances held in each of the investment options. These returns do not reflect any plan level administrative fees, if applicable; if reflected, returns would be less favorable. Please contact your local representative for more information. |
| The returns assume reinvestment of all dividends (ordinary income and capital gains) and are net of management fees and other fund operating expenses. |
| Returns less than one year are not annualized. Fund Inception Date is the date of inception for the underlying fund, and is the date used in calculating the periodic returns. This date may also precede the portfolio's inclusion in the product. |
| Investment Options | 1-Mo | 3-Mo | YTD | 1-Yr | 3-Yr | 5-Yr | 10-Yr | Incept | Fund Inception Date | Gross Fund Exp %* | Net Fund Exp %* |
| Stability of Principal |
|
| Voya Stable Value Fund - Fee Class 20 CIT - 9312 | 0.22 | 0.59 | 0.59 | 2.06 | 1.90 | 2.04 | 1.98 | 10/03/2016 | 0.20 | 0.20 |
| Bonds |
|
| PGIM High Yield Fund - Class R6 - 6589 | 1.18 | 3.05 | 3.05 | -4.41 | 6.13 | 3.44 | 4.37 | 03/01/1996 | 0.38 | 0.38 |
|
| Baird Aggregate Bond Fund - Institutional Class - 6931 | 2.26 | 3.06 | 3.06 | -4.67 | -1.98 | 1.16 | 1.75 | 09/29/2000 | 0.30 | 0.30 |
| Vanguard� Total Bond Market Index Fund - Institutional - 799 | 2.58 | 3.17 | 3.17 | -4.70 | -2.77 | 0.94 | 1.34 | 09/18/1995 | 0.04 | 0.04 |
| Asset Allocation |
|
| Vanguard� Target Retirement 2020 Fund - 1296 (1) | 2.55 | 4.77 | 4.77 | -5.26 | 6.90 | 4.30 | 5.77 | 06/07/2006 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2025 Fund - 926 (1) | 2.57 | 5.28 | 5.28 | -5.91 | 8.31 | 4.77 | 6.35 | 10/27/2003 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2030 Fund - 1297 (1) | 2.63 | 5.67 | 5.67 | -6.22 | 9.67 | 5.21 | 6.89 | 06/07/2006 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2035 Fund - 793 (1) | 2.65 | 5.94 | 5.94 | -6.36 | 11.12 | 5.68 | 7.43 | 10/27/2003 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2040 Fund - 1298 (1) | 2.64 | 6.21 | 6.21 | -6.53 | 12.58 | 6.12 | 7.91 | 06/07/2006 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2045 Fund - 794 (1) | 2.66 | 6.49 | 6.49 | -6.70 | 14.06 | 6.59 | 8.22 | 10/27/2003 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2050 Fund - 1299 (1) | 2.67 | 6.64 | 6.64 | -6.71 | 14.17 | 6.66 | 8.26 | 06/07/2006 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2055 Fund - 2473 (1) | 2.67 | 6.64 | 6.64 | -6.67 | 14.17 | 6.66 | 8.24 | 08/18/2010 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2060 Fund - 3447 (1) | 2.65 | 6.64 | 6.64 | -6.67 | 14.16 | 6.65 | 8.24 | 01/19/2012 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2065 Fund - 8995 (1)(2) | 2.69 | 6.64 | 6.64 | -6.64 | 14.17 | 6.64 | 7.34 | 07/12/2017 | 0.08 | 0.08 |
| Vanguard� Target Retirement 2070 Fund - F690 (1) | 2.64 | 6.64 | 6.64 | 7.73 | 06/17/2022 | 0.08 | 0.08 |
| Vanguard� Target Retirement Income Fund - 795 (1) | 2.47 | 4.23 | 4.23 | -4.50 | 3.83 | 3.26 | 3.79 | 10/27/2003 | 0.08 | 0.08 |
| Balanced |
|
| Principal Diversified Real Asset Fund - Class R-6 - 9704 | 0.89 | 1.26 | 1.26 | -10.07 | 12.96 | 4.53 | 2.73 | 03/16/2010 | 0.78 | 0.78 |
| Large Cap Value/Blend |
|
| DFA U.S. Core Equity 2 Portfolio - Institutional Class - 3226 | 0.51 | 5.22 | 5.22 | -5.64 | 21.69 | 9.66 | 10.97 | 09/15/2005 | 0.18 | 0.18 |
| DFA U.S. Large Company Portfolio - Institutional Class - 3737 (5) | 3.67 | 7.48 | 7.48 | -7.82 | 18.53 | 11.13 | 12.17 | 09/23/1999 | 0.09 | 0.08 |
| JPMorgan U.S. Equity Fund - Class R6 Shares - 3168 (3) | 3.15 | 7.60 | 7.60 | -8.42 | 19.84 | 12.42 | 13.00 | 09/17/1993 | 0.47 | 0.44 |
| TIAA-CREF Social Choice Equity Fund - Institutional Class - 1224 (4) | 1.60 | 5.80 | 5.80 | -6.87 | 18.53 | 10.51 | 11.27 | 07/01/1999 | 0.18 | 0.18 |
| Vanguard� Institutional Index Fund - Institutional Shares - 566 | 3.67 | 7.49 | 7.49 | -7.76 | 18.57 | 11.16 | 12.21 | 07/31/1990 | 0.04 | 0.04 |
| Large Cap Growth |
|
| T. Rowe Price Large-Cap Growth Fund - I Class - 2467 | 7.59 | 14.18 | 14.18 | -14.69 | 13.89 | 10.19 | 14.45 | 10/31/2001 | 0.55 | 0.55 |
| Small/Mid/Specialty |
|
| Fidelity� Extended Market Index Fund - D113 | -2.90 | 5.87 | 5.87 | -14.09 | 17.15 | 6.04 | 8.90 | 11/05/1997 | 0.04 | 0.04 |
|
| DFA U.S. Small Cap Portfolio - Institutional Class - 9753 | -4.50 | 3.15 | 3.15 | -5.16 | 24.40 | 6.82 | 9.19 | 03/19/1992 | 0.27 | 0.27 |
|
| Vanguard� Explorer™ Fund - Admiral™ Shares - 828 | -1.40 | 7.02 | 7.02 | -9.16 | 19.75 | 9.15 | 11.08 | 11/12/2001 | 0.34 | 0.34 |
|
| DFA U.S. Targeted Value Portfolio - Institutional Class - 2566 | -6.58 | 0.96 | 0.96 | -3.59 | 31.63 | 7.72 | 9.16 | 02/23/2000 | 0.29 | 0.29 |
| Global / International |
|
| Vanguard� Total International Stock Index Fund - Adm™ Sh - 9889 | 2.61 | 6.66 | 6.66 | -4.62 | 12.68 | 2.49 | 4.43 | 04/29/1996 | 0.11 | 0.11 |
|
| American Funds EuroPacific Growth Fund� - Class R-6 - 1723 | 4.66 | 9.87 | 9.87 | -3.26 | 12.13 | 3.25 | 5.99 | 04/16/1984 | 0.46 | 0.46 |
| The risks of investing in small company stocks may include relatively low trading volumes, a greater degree of change in earnings and greater short-term volatility. |
| Foreign investing involves special risks such as currency fluctuation and public disclosure, as well as economic and political risks. |
| Some of the Funds invest in securities guaranteed by the U.S. Government as to the timely payment of principal and interest; however, shares of the Funds are not insured nor guaranteed. |
| High yielding fixed-income securities generally are subject to greater market fluctuations and risks of loss of income and principal than are investments in lower yielding fixed-income securities. |
| Sector funds may involve greater-than average risk and are often more volatile than funds holding a diversified portfolio of stocks in many industries. Examples include: banking, biotechnology, chemicals, energy, environmental services, natural resources, precious metals, technology, telecommunications, and utilities. |
| *The Gross Expense Ratios shown do not reflect temporary fee or expense waivers that may be in effect for a fund. The Net Expense Ratios reflect any applicable temporary fee or expense waivers. The performance of a fund with a temporary fee or expense waiver would have been lower if the gross fund fees/expenses listed had been reflected. |
| ADDITIONAL NOTES |
| (1) | Investments in Target Retirement Funds are subject to the risks of their underlying funds. The year in the fund name refers to the approximate year (the target date) when an investor in the fund would retire and leave the work force. The fund will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. An investment in the Target Retirement Fund is not guaranteed at any time, including on or after the target date. |
| (2) | Vanguard Target Retirement Trusts: Investments in Target Retirement Trusts are subject to the risks of their underlying investments. The year in the fund name refers to the approximate year (the target date) when an investor in the trust would retire and leave the workforce. The trust will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. An investment in a Target Retirement Trust is not guaranteed at any time, including on or after the target date. These trust suggestions are based on an estimated retirement age of approximately 65. Should you choose to retire significantly earlier or later, you may want to consider a trust with an asset allocation more appropriate to your particular situation. All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit or protect against a loss. Investments in bonds are subject to interest rate, credit, and inflation risk. |
| (3) | JPMorgan U.S. Equity Fund - Class R6 Shares: The Fund's adviser and/or its affiliates have contractually agreed to waive fees and/or reimburse expenses to the extent Total Annual Fund Operating Expenses (excluding acquired fund fees and expenses other than certain money market fund fees as described below, dividend and interest expenses related to short sales, interest, taxes, expenses related to litigation and potential litigation, expenses related to trustee elections, and extraordinary expenses) exceed 0.44% of the average daily net assets of Class R6 Shares. The Fund may invest in one or more money market funds advised by the adviser or its affiliates (affiliated money market funds). The Fund's adviser, shareholder servicing agent and/or administrator have contractually agreed to waive fees and/or reimburse expenses in an amount sufficient to offset the respective net fees each collects from the affiliated money market funds on the Fund's investment in such money market funds. These waivers are in effect through 10/31/23, at which time it will be determined whether such waivers will be renewed or revised. To the extent that the Fund engages in securities lending, affiliated money market fund fees and expenses resulting from the Fund's investment of cash received from securities lending borrowers are not included in Total Annual Fund Operating Expenses and therefore, the above waivers do not apply to such investments. |
| (4) | TIAA-CREF Social Choice Equity Fund - Institutional Class: Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, LLC, has contractually agreed to reimburse the Fund for any Total annual Fund operating expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired fund fees and expenses and extraordinary expenses) that exceed 0.22% of average daily net assets. These expense reimbursement arrangements will continue through at least February 28, 2019, unless changed with approval of the Board of Trustees. |
| (5) | DFA U.S. Large Company Portfolio - Institutional Class: Dimensional Fund Advisors LP (the Advisor) has agreed to waive certain fees and in certain instances, assume certain expenses of the U.S. Large Company Portfolio. The Fee Waiver and Expense Assumption Agreement for the Portfolio will remain in effect through February 28, 2023, and may only be terminated by the Fund's Board of Directors prior to that date. The Advisor retains the right to seek reimbursement for any fees previously waived and/or expenses previously assumed up to thirty-six months after such waiver and/or expense assumption. |
| The chart shows the performance for each investment option for the time periods shown. |
| Creation Date: Friday, June 9, 2023 |
 |
Not FDIC/NCUA/NCUSIF Insured | Not a Deposit of a Bank/Credit Union | May Lose Value | Not Bank/Credit Union Guaranteed | Not Insured by Any Federal Government Agency
Insurance products issued by Voya Retirement Insurance and Annuity Company, One Orange Way, Windsor, CT 06095-4774. Securities are distributed by Voya Financial Partners, LLC (member SIPC). Custodial account agreements or trust agreements are provided by Voya Institutional Trust Company. Insurance obligations are the responsibility of each individual company. All companies are members of the Voya® family of companies. Securities may also be through other broker-dealers with which Voya has selling agreements. Product and services may not be available in all states.
