Voya Target Retirement Income Fund Class I is a target-date mutual fund designed to help individuals manage their transition from accumulation to income in retirement. The fund adopts a diversified, multi-asset approach by allocating approximately 35% of its portfolio to equity securities and 65% to debt securities, striking a balance between growth potential and capital preservation. Its asset allocation reflects a conservative posture tailored for retirees or those already in retirement, aiming to provide a combination of total return and stability of principal. This fund invests primarily in a blend of underlying actively and passively managed funds, including both affiliated and unaffiliated investment vehicles. The Class I share class is typically intended for institutional investors, offering a lower expense ratio compared to other classes. Voya Target Retirement Income Fund Class I plays a critical role in the retirement market, seeking to generate sustainable income while managing risk for individuals who have reached or are nearing their target retirement date. Managed by an experienced team, the fund follows a defined glide path that systematically reduces volatility as investors age, helping preserve accumulated assets over the long term.
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