Voya U.S. Bond Index Portfolio Adviser (ILUAX)

Overview

The fund is a financial instrument designed to offer investors a method to gain exposure to investment-grade debt instruments. It primarily targets securities that are rated at least A by major credit rating agencies, such as Moody's Investors Service, Inc., and S&P Global Ratings. This focus ensures the fund's investments are in debt instruments considered to be of high quality and lower risk compared to securities with lower ratings. The fund's strategy includes investing a minimum of 80% of its net assets, along with any borrowings for investment purposes, in these qualified instruments. Additionally, it may involve derivatives and exchange-traded funds (ETFs) that closely track the performance of a specified index, maintaining the fund's alignment with its investment goals.

Products and Services

Below are the key products and services offered by the fund:

• Investment-Grade Debt Instruments: The core of the fund's portfolio comprises debt securities that are rated at least A by reputable credit rating agencies. This product is designed for investors seeking stable and relatively safe investment returns from high-quality bonds and other debt instruments.
• Derivatives: To enhance portfolio returns and manage risk, the fund incorporates derivatives whose economic outcomes are intended to mirror the returns of the fund's targeted index or its components. This approach allows for more diversified investment strategies and potential hedging against market volatility.
• Exchange-Traded Funds (ETFs): The fund may invest in ETFs that track the performance of its benchmark index. This enables investors to gain broad market exposure or access specific sectors of the market efficiently, providing diversification and potentially reducing the risk associated with individual securities.