Voya Investment Management Expands Access to its Retail Target Date Funds

NEW YORK, April 5, 2016 /PRNewswire/ -- Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced it has expanded access to its target date mutual fund series, the Target Retirement Funds.   The Funds, which celebrated their three year anniversary this past December, have been added to several leading defined contribution platforms including Paychex, ADP and Ascensus.  Voya has also launched two new share classes, A and R6, due to high demand from retirement plans.

"As a pioneer in target date solutions, with over a decade of experience and over $11 billion in target date assets, we are proud to fulfill an industry need and enhance our offerings in the DCIO space," said Jake Tuzza, head of Intermediary Distribution.  "In our most recent 'Participant Preferences' survey, we found that target date investors value a multi-manager structure, allowing for a more diverse array of asset classes and investment managers, as well as a reduction in single manager risk. This is a unique feature of our target date strategy."

More information about Voya's latest target date survey can be found here.

Voya's Target Retirement Funds provide investors with a number of features including:

• An intelligent blend of both active and passive strategies;
• A participant centric "to" glide path that emphasizes an aggressive investment approach early in a participant's career and a more conservative approach closer to retirement, relative to peers;
• Broad diversification of traditional and non-traditional asset classes.

"We are very pleased to offer Voya's target date funds as part of our offerings," said Mike Narkoff, executive vice president, sales, at Ascensus. "These products fit very nicely with our goal to help our clients save for their retirement."

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing.  The "target date" is the approximate date when an investor plans to start withdrawing their money. There is no guarantee that any investment option will achieve its stated objective. Principal value fluctuates and there is no guarantee of value at any time, including the target date.

Stocks are more volatile than bonds, and portfolios with a higher concentration of stocks are more likely to experience greater fluctuations in value than portfolios with a higher concentration in bonds.

Foreign stocks and small- and mid-cap stocks may be more volatile than large-cap stocks. Investing in bonds also entails credit risk and interest rate risk. Generally investors with longer timeframes can consider assuming more risk in their investment portfolio.

An investor should consider the investment objectives, risks, charges and expenses of the Fund(s) carefully before investing. For a free copy of the Fund's prospectus, or summary prospectus, which contains this and other information, visit us at www.voyainvestments.com or call (800) 992-0180. Please read all materials carefully before investing.

Media Contact: 
Kristopher Kagel 
(212) 309-6568                                                               
[email protected]    

About Voya Investment Management

A leading, active asset management firm, Voya Investment Management manages, as of December 31, 2015, more than $201 billion for affiliated and external institutions as well as individual investors. With 40 years of history in asset management, Voya Investment Management has the experience and resources to provide clients with investment solutions with an emphasis on equities, fixed income, and multi-asset strategies and solutions. Voya Investment Management was named in 2015 as a "Best Places to Work" by Pensions and Investments magazine. For more information, visit voyainvestments.com. Follow Voya Investment Management on Twitter @VoyaInvestments.

About Voya Financial^®

Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings — to get ready to retire better. Serving the financial needs of approximately 13 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $11 billion in revenue in 2015. The company had $452 billion in total assets under management and administration as of Dec. 31, 2015. With a clear mission to make a secure financial future possible — one person, one family, one institution at a time — Voya's vision is to be America's Retirement Company™. The company is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible — Voya has been recognized as one of the 2016 World's Most Ethical Companies^® by the Ethisphere Institute, and as one of the Top Green Companies in the U.S., by Newsweek magazine. For more information, visit voya.com or view the company's 2014 annual report. Follow Voya Financial on Facebook and Twitter @Voya.

SOURCE Voya Investment Management