Form 497K Voya PARTNERS INC
Summary Prospectus May 1, 2025, as supplemented November 5, 2025
Voya International High Dividend Low Volatility Portfolio
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Class/Ticker: ADV/IFTAX; I/IFTIX; S/IFTSX; S2/ITFEX
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Before you invest, you may want to review the portfolio's Prospectus, which contains
more information about the portfolio and its risks. For free paper or electronic copies of the Prospectus and other portfolio information (including
the Statement of Additional Information and most recent financial report to shareholders), go to https://individuals.voya.com/literature; email a request to [email protected]; call 1-800-262-3862; or ask your salesperson, financial intermediary, or retirement plan administrator. The portfolio's
Prospectus and Statement of Additional Information, each dated May 1, 2025, as supplemented, and the audited financial statements that are included in the portfolio’s shareholder report dated December 31, 2024 are incorporated into this Summary Prospectus by reference and may be obtained
free of charge at the website, phone number, or e-mail address noted above.
Investment Objective
The Portfolio seeks maximum total return.
Fees and Expenses of the Portfolio
The table describes the fees and expenses that you may pay if you buy, hold, and sell
shares of the Portfolio. You may pay other fees and expenses such as fees and expenses imposed under your variable annuity
contracts or variable life insurance policies (“Variable Contract”) or a qualified pension or retirement plan (“Qualified Plan”), which are not reflected in the tables and examples below. If these fees or expenses were included in the table, the Portfolio’s expenses would be higher. For more information on these charges, please refer to the documents governing your Variable
Contract or Qualified Plan or consult your plan administrator.
Annual Portfolio Operating Expenses
Expenses you pay each year as a % of the value of your investment
Expenses you pay each year as a % of the value of your investment
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Class
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ADV
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I
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S
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S2
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Management Fees
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%
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0.60
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0.60
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0.60
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0.60
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Distribution and/or Shareholder Services (12b-1) Fees
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%
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0.50
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None
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0.25
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0.40
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Other Expenses
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%
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0.15
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0.15
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0.15
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0.15
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Total Annual Portfolio Operating Expenses
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%
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1.25
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0.75
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1.00
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1.15
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Waivers and Reimbursements1
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%
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None
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None
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None
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None
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Total Annual Portfolio Operating Expenses after Waivers and
Reimbursements
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%
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1.25
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0.75
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1.00
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1.15
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1
Voya Investments, LLC (the “Investment Adviser”) is contractually obligated to limit expenses to 1.25%, 0.75%, 1.00%, and 1.15% for
Class ADV, Class I, Class S, and Class S2 shares, respectively, through May 1, 2026. This limitation is subject to possible recoupment by the Investment Adviser within
36 months of the waiver or reimbursement. The amount of the recoupment is limited
to the lesser of the amounts that would be recoupable under: (i) the expense limitation in effect at the time of the waiver or reimbursement; or (ii)
the expense limitation in effect at the time of recoupment. The limitation does not extend to interest, taxes, investment-related costs, leverage
expenses, extraordinary expenses, and Acquired Fund Fees and Expenses. Termination or modification of this obligation requires approval by the Portfolio’s Board of Directors (the “Board”).
Expense Example
This Example is intended to help you compare the cost of investing in shares of the
Portfolio with the costs of investing in other mutual funds. The Example does not reflect expenses and charges which are, or
may be, imposed under your Variable Contract or Qualified Plan. The Example assumes that you invest $10,000 in the Portfolio
for the time periods indicated. The Example also assumes that your investment had a 5% return each year and that the Portfolio's
operating expenses remain the same. The Example reflects applicable expense limitation agreements and/or waivers in effect,
if any, for the one-year period and the first year of the three-, five-, and ten-year periods. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
1 of 7
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Class
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1 Yr
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3 Yrs
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5 Yrs
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10 Yrs
|
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ADV
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$
|
127
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397
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686
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1,511
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|
I
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$
|
77
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240
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417
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930
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S
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$
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102
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318
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552
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1,225
|
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S2
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$
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117
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365
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633
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1,398
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Portfolio Turnover
The Portfolio pays transaction costs, such as commissions, when it buys and sells
securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs. These costs,
which are not reflected in Annual Portfolio Operating Expenses or in the Expense Example, affect the Portfolio's performance.
During the most recent fiscal year, the Portfolio's portfolio turnover rate was 71% of the average value of its portfolio.
Principal Investment Strategies
The Portfolio invests primarily in equity securities included in the MSCI EAFE® Value Index (the “Index”). Under normal circumstances, the Portfolio invests at least 65% of its total assets in equity securities of issuers
in a number of different countries other than the United States.
The sub-adviser (the “Sub-Adviser”) seeks to maximize total return to the extent consistent with maintaining lower volatility
than the Index. Volatility generally measures how much a portfolio’s returns have varied over a specified time frame.
The Portfolio may invest in derivative instruments including, but not limited to,
index futures. The Portfolio typically uses derivatives as a substitute for purchasing securities included in the Index or for
the purpose of maintaining equity market exposure on its cash balance.
The Portfolio may invest in real estate-related securities, including real estate
investment trusts (“REITs”).
The Portfolio may invest in other investment companies, including exchange-traded
funds (“ETFs”), to the extent permitted under the Investment Company Act of 1940, as amended, and the rules and regulations
thereunder, and under the terms of applicable no-action relief or exemptive orders granted thereunder.
The Sub-Adviser creates a target universe that consists of dividend paying securities
by screening for companies that exhibit stable dividend yields within each industry sector. Once the Sub-Adviser creates this
target universe, the Sub-Adviser seeks to identify the most attractive securities within various geographic regions and sectors
by ranking each security relative to other securities within its region or sector, as applicable, using proprietary fundamental
sector-specific quantitative investment models. The Sub-Adviser then uses optimization techniques to seek to achieve the portfolio’s target dividend yield, which is expected to be higher than the Index in aggregate, manage target beta, determine active
weights, and neutralize region and sector exposures in order to create a portfolio that the Sub-Adviser believes will
provide the potential for maximum total return consistent with maintaining lower volatility than the Index. Under certain
circumstances, the Portfolio will likely earn a lower level of total return than it would in the absence of its strategy of maintaining
a relatively lower level of volatility.
In evaluating investments for the Portfolio, the Sub-Adviser, through its quantitative
methods and models, takes into account a wide variety of factors and considerations to determine whether any or all of those
factors or considerations might have a material effect on the value, risks, or prospects of a company. Among the factors
considered, the Sub-Adviser expects that its quantitative methods and models will typically take into account environmental,
social, and governance (“ESG”) factors. In considering ESG factors, the Sub-Adviser’s quantitative methods and models will rely primarily on factors identified through the Sub-Adviser’s proprietary empirical research and on third-party evaluations of a company’s ESG standing. ESG factors will be only one of many considerations in the evaluation of any potential investment;
the extent to which ESG factors will affect the Sub-Adviser’s decision to invest in a company, if at all, will depend on the operation of the Sub-Adviser’s quantitative processes and the judgment of the Sub-Adviser.
The Portfolio may lend portfolio securities on a short-term or long-term basis, up
to 33 1∕3% of its total assets.
Principal Risks
You could lose money on an investment in the Portfolio. Any of the following risks, among others, could affect Portfolio performance or cause the Portfolio to lose money or to underperform market averages of other funds.
The principal risks are presented in alphabetical order to facilitate readability, and their order does not imply that
the realization of one risk is more likely to occur or have a greater adverse impact than another risk.
Summary Prospectus
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Voya International High Dividend Low Volatility Portfolio
Company: The price of a company’s stock could decline or underperform for many reasons, including, among others, poor management, financial problems, reduced demand for the company’s goods or services, regulatory fines and judgments, or business challenges. If a company is unable to meet its financial obligations, declares
bankruptcy, or becomes insolvent, its stock could become worthless.
Currency: To the extent that the Portfolio invests directly or indirectly in foreign (non-U.S.)
currencies or in securities denominated in, or that trade in, foreign (non-U.S.) currencies, it is subject to the risk that
those foreign (non-U.S.) currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the
U.S. dollar will decline in value relative to the currency being hedged by the Portfolio through foreign currency exchange transactions.
Derivative Instruments: Derivative instruments are subject to a number of risks, including the risk of changes
in the market price of the underlying asset, reference rate, or index credit risk with respect to
the counterparty, risk of loss due to changes in market interest rates, liquidity risk, valuation risk, and volatility risk. The
amounts required to purchase certain derivatives may be small relative to the magnitude of exposure assumed by the Portfolio. Therefore,
the purchase of certain derivatives may have an economic leveraging effect on the Portfolio and exaggerate any increase
or decrease in the net asset value. Derivatives may not perform as expected, so the Portfolio may not realize the intended
benefits. When used for hedging purposes, the change in value of a derivative may not correlate as expected with the
asset, reference rate, or index being hedged. When used as an alternative or substitute for direct cash investment, the
return provided by the derivative may not provide the same return as direct cash investment.
Dividend: Companies that issue dividend yielding equity securities are not required to continue
to pay dividends on such securities. Therefore, there is a possibility that such companies could reduce or eliminate the
payment of dividends in the future. As a result, the Portfolio’s ability to execute its investment strategy may be limited.
Environmental, Social, and Governance (Quantitative): The Sub-Adviser’s consideration of ESG factors in selecting investments for the Portfolio depends on the operation of quantitative methods and models whose
design reflects qualitative and subjective judgments of the Sub-Adviser, including reliance on, or incorporation of, data in
respect of ESG factors that may rely on third-party data that might be incorrect or based on incomplete or inaccurate information. There is no minimum percentage of the Portfolio’s assets that will be invested in companies that the Sub-Adviser views favorably in
light of ESG factors, and the Sub-Adviser may not invest in companies that compare favorably to other companies on the basis
of ESG factors. It is possible that the Portfolio will have less exposure to certain companies due to the Sub-Adviser’s assessment of ESG factors than other comparable mutual funds. There can be no assurance that an investment selected by the Sub-Adviser,
which includes its consideration of ESG factors, will provide more favorable investment performance than another potential
investment, and such an investment may, in fact, underperform other potential investments.
Foreign (Non-U.S.) Investments: Investing in foreign (non-U.S.) securities may result in the Portfolio experiencing
more rapid and extreme changes in value than a fund that invests exclusively in securities of
U.S. companies due, in part, to: smaller markets; differing reporting, accounting, auditing and financial reporting standards
and practices; nationalization, expropriation, or confiscatory taxation; foreign currency fluctuations, currency blockage, or replacement;
potential for default on sovereign debt; and political changes or diplomatic developments, which may include the imposition
of economic sanctions (or the threat of new or modified sanctions) or other measures by the U.S. or other governments
and supranational organizations. Markets and economies throughout the world are becoming increasingly interconnected,
and conditions or events in one market, country or region may adversely impact investments or issuers in another market,
country or region.
Investment Model: The Sub-Adviser’s proprietary investment model may not adequately take into account existing or unforeseen market factors or the interaction among such factors, including changes in how such
factors interact, and there is no guarantee that the use of a proprietary investment model will result in effective investment
decisions for the Portfolio. Volatility management techniques may not always be successful in reducing volatility, may not protect against
market declines, and may limit the Portfolio’s participation in market gains, negatively impacting performance even during periods when the market is rising. During sudden or significant market rallies, such underperformance may be significant.
Moreover, volatility management strategies may increase portfolio transaction costs, which may increase losses or reduce gains. The Portfolio’s volatility may not be lower than that of the Portfolio’s Index during all market cycles due to market factors. Portfolios that are actively managed, in whole or in part, according to a quantitative investment model (including models
that utilize forms of artificial intelligence, such as machine learning) can perform differently from the market, based on the investment
model and the factors used in the analysis, the weight placed on each factor, and changes from the factors’ historical trends. Mistakes in the construction and implementation of the investment models (including, for example, data problems
and/or software issues) may create errors or limitations that might go undetected or are discovered only after the errors
or limitations have negatively impacted performance.
Summary Prospectus
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Voya International High Dividend Low Volatility Portfolio
Liquidity: If a security is illiquid, the Portfolio might be unable to sell the security at a time when the Portfolio’s manager might wish to sell, or at all. Further, the lack of an established secondary market may
make it more difficult to value illiquid securities, exposing the Portfolio to the risk that the prices at which it sells illiquid securities
will be less than the prices at which they were valued when held by the Portfolio, which could cause the Portfolio to lose money.
The prices of illiquid securities may be more volatile than more liquid securities, and the risks associated with illiquid
securities may be greater in times of financial stress. Certain securities that are liquid when purchased may later become illiquid,
particularly in times of overall economic distress or due to geopolitical events such as sanctions, trading halts, or wars.
In addition, markets or securities may become illiquid quickly.
Market: The market values of securities will fluctuate, sometimes sharply and unpredictably,
based on overall economic conditions, governmental actions or intervention, market disruptions caused by trade disputes
or other factors, political developments, and other factors. Prices of equity securities tend to rise and fall more dramatically
than those of debt instruments. Additionally, legislative, regulatory or tax policies or developments may adversely impact the investment
techniques available to a manager, add to costs, and impair the ability of the Portfolio to achieve its investment objectives.
Market Capitalization: Stocks fall into three broad market capitalization categories: large, mid, and small.
Investing primarily in one category carries the risk that, due to current market conditions, that category
may be out of favor with investors. If valuations of large-capitalization companies appear to be greatly out of proportion
to the valuations of mid- or small-capitalization companies, investors may migrate to the stocks of mid- and small-capitalization companies
causing a fund that invests in these companies to increase in value more rapidly than a fund that invests in large-capitalization
companies. Investing in mid- and small-capitalization companies may be subject to special risks associated with
narrower product lines, more limited financial resources, smaller management groups, more limited publicly available information,
and a more limited trading market for their stocks as compared with large-capitalization companies. As a result, stocks
of mid- and small-capitalization companies may be more volatile and may decline significantly in market downturns.
Market Disruption and Geopolitical: The Portfolio is subject to the risk that geopolitical events will disrupt securities
markets and adversely affect global economies and markets. Due to the increasing interdependence
among global economies and markets, conditions in one country, market, or region might adversely impact markets,
issuers and/or foreign exchange rates in other countries, including the United States. Wars, terrorism, global health crises
and pandemics, tariffs and other restrictions on trade or economic sanctions, rapid technological developments (such as artificial
intelligence technologies), and other geopolitical events that have led, and may continue to lead, to increased market volatility
and may have adverse short- or long-term effects on U.S. and global economies and markets, generally. For example,
the COVID-19 pandemic resulted in significant market volatility, exchange suspensions and closures, declines in global
financial markets, higher default rates, supply chain disruptions, and a substantial economic downturn in economies throughout
the world. The economic impacts of COVID-19 have created a unique challenge for real estate markets. Many businesses
have either partially or fully transitioned to a remote-working environment and this transition may negatively impact the occupancy
rates of commercial real estate over time. Natural and environmental disasters and systemic market dislocations are
also highly disruptive to economies and markets. In addition, military action by Russia in Ukraine has, and may continue to,
adversely affect global energy and financial markets and therefore could affect the value of the Portfolio’s investments, including beyond the Portfolio’s direct exposure to Russian issuers or nearby geographic regions. Furthermore, the prolonged conflict
between Hamas and Israel, and the potential expansion of the conflict in the surrounding areas and the involvement of
other nations in such conflict, such as the Houthi movement's attacks on marine vessels in the Red Sea, could further destabilize
the Middle East region and introduce new uncertainties in global markets, including the oil and natural gas markets. The
extent and duration of the military action, sanctions, and resulting market disruptions are impossible to predict and could be
substantial. A number of U.S. domestic banks and foreign (non-U.S.) banks have experienced financial difficulties and, in
some cases, failures. There can be no certainty that the actions taken by regulators to limit the effect of those financial
difficulties and failures on other banks or other financial institutions or on the U.S. or foreign (non-U.S.) economies generally
will be successful. It is possible that more banks or other financial institutions will experience financial difficulties or fail,
which may affect adversely other U.S. or foreign (non-U.S.) financial institutions and economies. These events as well as other changes
in foreign (non-U.S.) and domestic economic, social, and political conditions also could adversely affect individual
issuers or related groups of issuers, securities markets, interest rates, credit ratings, inflation, investor sentiment, and other factors affecting the value of the Portfolio’s investments. Any of these occurrences could disrupt the operations of the Portfolio and of the Portfolio’s service providers.
Other Investment Companies: The main risk of investing in other investment companies, including ETFs, is the risk
that the value of an investment company’s underlying investments might decrease. Shares of investment companies that are listed on an exchange may trade at a discount or premium from their net asset value. You
will pay a proportionate share of the expenses of those other investment companies (including management fees, administration
fees, and custodial fees) in addition to the Portfolio’s expenses. The investment policies of the other investment companies may not be the same as those of the Portfolio; as a result, an investment in the other investment companies may be
subject to additional or different risks
Summary Prospectus
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Voya International High Dividend Low Volatility Portfolio
than those to which the Portfolio is typically subject. In addition, shares of ETFs
may trade at a premium or discount to net asset value and are subject to secondary market trading risks. Secondary markets may
be subject to irregular trading activity, wide bid/ask spreads, and extended trade settlement periods in times of market stress
because market makers and authorized participants may step away from making a market in an ETF’s shares, which could cause a material decline in the ETF’s net asset value.
Real Estate Companies and Real Estate Investment Trusts: Investing in real estate companies and REITs may subject the Portfolio to risks similar to those associated with the direct ownership of real estate, including
losses from casualty or condemnation, changes in local and general economic conditions, supply and demand, market interest
rates, zoning laws, regulatory limitations on rents, property taxes, overbuilding, high foreclosure rates, and operating expenses
in addition to terrorist attacks, wars, or other acts that destroy real property. In addition, REITs may also be affected
by tax and regulatory requirements in that a REIT may not qualify for favorable tax treatment or regulatory exemptions. Investments
in REITs are affected by the management skill of the REIT’s sponsor. The Portfolio will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests.
Securities Lending: Securities lending involves two primary risks: “investment risk” and “borrower default risk.” When lending securities, the Portfolio will receive cash or U.S. government securities as collateral.
Investment risk is the risk that the Portfolio will lose money from the investment of the cash collateral received from the borrower.
Borrower default risk is the risk that the Portfolio will lose money due to the failure of a borrower to return a borrowed
security. Securities lending may result in leverage. The use of leverage may exaggerate any increase or decrease in the net asset
value, causing the Portfolio to be more volatile. The use of leverage may increase expenses and increase the impact of the Portfolio’s other risks.
An investment in the Portfolio is not a bank deposit and is not insured or guaranteed
by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.
Performance Information
The following information is intended to help you understand the risks of investing
in the Portfolio. The following bar chart shows the changes in the Portfolio's performance from year to year, and the table
compares the Portfolio's performance to the performance of a broad-based securities market index and an additional index with
investment characteristics similar to those of the Portfolio for the same period. The Portfolio's performance information reflects applicable fee waivers and/or expense limitations in effect during the period presented. Absent such fee waivers/expense
limitations, if any, performance would have been lower. The bar chart shows the performance of the Portfolio's Class ADV shares. Performance for other share classes would differ to the extent they have differences in their fees and expenses.
Performance shown in the bar chart and in the Average Annual Total Returns table does
not include insurance-related charges imposed under a Variable Contract or expenses related to a Qualified Plan. If these
charges or expenses were included, performance would be lower. Thus, you should not compare the Portfolio's performance directly
with the performance information of other investment products without taking into account all insurance-related charges and
expenses payable under your Variable Contract or Qualified Plan. The Portfolio's past performance is no guarantee of future results.
The Portfolio’s performance prior to December 31, 2020 reflects returns achieved pursuant to different principal investment strategies. The Portfolio’s performance prior to May 1, 2019 reflects returns achieved by a different sub-adviser and pursuant to a different investment objective and different principal investment strategies. If the Portfolio’s current sub-adviser, investment objective, and principal investment strategies had been in place for the prior periods,
the performance information shown would have been different.
Calendar Year Total Returns Class ADV
(as of December 31 of each year)
(as of December 31 of each year)
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Best quarter:
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4th Quarter 2022
|
17.92%
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|
Worst quarter:
|
1st Quarter 2020
|
-22.54%
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Summary Prospectus
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Voya International High Dividend Low Volatility Portfolio
Average Annual Total Returns %
(for the periods ended December 31, 2024)
(for the periods ended December 31, 2024)
|
|
|
1 Yr
|
5 Yrs
|
10 Yrs
|
Since
Inception
|
Inception
Date
|
|
Class ADV
|
%
|
6.82
|
4.04
|
3.58
|
N/A
|
12/20/2006
|
|
MSCI ACW IndexSM Ex-U.S.(1)(2)
|
%
|
5.53
|
4.10
|
4.80
|
N/A
|
|
|
MSCI EAFE® Value IndexSM(1)(2)
|
%
|
5.68
|
5.09
|
4.31
|
N/A
|
|
|
Class I
|
%
|
7.23
|
4.54
|
4.09
|
N/A
|
1/3/2006
|
|
MSCI ACW IndexSM Ex-U.S.(1)(2)
|
%
|
5.53
|
4.10
|
4.80
|
N/A
|
|
|
MSCI EAFE® Value IndexSM(1)(2)
|
%
|
5.68
|
5.09
|
4.31
|
N/A
|
|
|
Class S
|
%
|
7.09
|
4.31
|
3.84
|
N/A
|
1/12/2006
|
|
MSCI ACW IndexSM Ex-U.S.(1)(2)
|
%
|
5.53
|
4.10
|
4.80
|
N/A
|
|
|
MSCI EAFE® Value IndexSM(1)(2)
|
%
|
5.68
|
5.09
|
4.31
|
N/A
|
|
|
Class S2
|
%
|
6.95
|
4.12
|
3.68
|
N/A
|
2/27/2009
|
|
MSCI ACW IndexSM Ex-U.S.(1)(2)
|
%
|
5.53
|
4.10
|
4.80
|
N/A
|
|
|
MSCI EAFE® Value IndexSM(1)(2)
|
%
|
5.68
|
5.09
|
4.31
|
N/A
|
|
(1)
Effective commencing with shareholder reports filed and transmitted to shareholders
after July 24, 2024, the Investment Adviser changed the primary benchmark from the MSCI EAFE® Value IndexSM to the MSCI ACW IndexSM Ex-U.S. in accordance with changes to regulatory disclosure requirements. The Portfolio continues to use the MSCI EAFE® Value IndexSM as an additional benchmark that the Investment Adviser believes more closely reflects
the Portfolio’s principal investment strategies.
(2)
The index returns include the reinvestment of dividends and distributions net of withholding
taxes, but do not reflect fees, brokerage commissions, or other expenses.
Portfolio Management
|
Investment Adviser
|
|
Voya Investments, LLC
|
|
Sub-Adviser
|
|
Voya Investment Management Co. LLC
|
|
Portfolio Managers
|
|
|
Steve Gao, PhD, CFA, FRM
Portfolio Manager (since 10/25)
|
Russell Shtern, CFA
Portfolio Manager (since 10/25)
|
|
Kai Yee Wong
Portfolio Manager (since 05/19)
|
|
Purchase and Sale of Portfolio Shares
Shares of the Portfolio are not offered directly to the public. Purchase and sale
of shares may be made only by separate accounts of insurance companies serving as investment options under Variable Contracts
or by Qualified Plans, custodian accounts, and certain investment advisers and their affiliates, other investment companies,
or permitted investors. Please refer to the prospectus for the appropriate insurance company separate account, investment
company, or your plan documents for information on how to direct investments in, or sale from, an investment option
corresponding to the Portfolio and any fees that may apply. Participating insurance companies and certain other designated
organizations are authorized to receive purchase orders on the Portfolio's behalf.
Tax Information
Distributions made by the Portfolio to a Variable Contract or Qualified Plan, and
exchanges and redemptions of Portfolio shares made by a Variable Contract or Qualified Plan, ordinarily do not cause the corresponding
contract holder or plan participant to recognize income or gain for U.S. federal income tax purposes. See the Variable
Contract prospectus or the governing documents of your Qualified Plan for information regarding the U.S. federal income
tax treatment of the distributions to your Variable Contract or Qualified Plan and the holders of the contracts or plan participants.
Summary Prospectus
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Voya International High Dividend Low Volatility Portfolio
Payments to Broker-Dealers and Other Financial Intermediaries
If you invest in the Portfolio through a Variable Contract issued by an insurance
company or through a Qualified Plan that, in turn, was purchased or serviced through an insurance company, broker-dealer or other
financial intermediary, the Portfolio and its Investment Adviser or distributor or their affiliates may: (1) make payments
to the insurance company issuer of the Variable Contract or to the company servicing the Qualified Plan and (2) make payments
to the insurance company, broker-dealer, or other financial intermediary. These payments may create a conflict of interest
by: (1) influencing the insurance company or the company servicing the Qualified Plan to make the Portfolio available as an
investment option for the Variable Contract or the Qualified Plan or (2) by influencing the broker-dealer or other intermediary
and your salesperson to recommend the Variable Contract or the pension servicing agent and/or the Portfolio over other options.
Ask your salesperson or Qualified Plan administrator or visit your financial intermediary's website for more information.
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Voya International High Dividend Low Volatility Portfolio
Certain information contained herein (the “Information”) is sourced from/copyright of MSCI Inc., MSCI ESG Research LLC, or their affiliates
(“MSCI”), or information providers (together the “MSCI Parties”) and may have been used to calculate scores, signals, or other indicators. The Information
is for internal use only and may not be reproduced or disseminated in whole or part without prior
written permission. The Information may not be used for, nor does it constitute, an offer to buy or sell, or a promotion or recommendation of, any security,
financial instrument or product, trading strategy, or index, nor should it be taken as an indication or guarantee of any future performance. Some funds may
be based on or linked to MSCI indexes, and MSCI may be compensated based on the fund’s assets under management or other measures. MSCI has established an information barrier between index research and certain Information. None of the Information in and of itself can be used to determine which securities
to buy or sell or when to buy or sell them. The Information is provided “as is” and the user assumes the entire risk of any use it may make or permit to be made
of the Information. No MSCI Party warrants or guarantees the originality, accuracy and/or completeness of the Information and each expressly disclaims
all express or implied warranties. No MSCI Party shall have any liability for any errors or omissions in connection with any Information herein, or
any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such
damages.
Summary Prospectus
SPRO-464200 (1125-110525)
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