As defined contribution plans continue to evolve, plan sponsors and participants are asking more sophisticated questions about how private markets can enhance diversification and improve long-term outcomes. V-ALT strategies bring Voya’s disciplined multi-manager approach to private markets—combining rigorous governance, institutional manager selection, and a DC-focused design. The result is diversified access to private equity and credit within a structure built for retirement plans—expanding the opportunity set beyond public markets while thoughtfully balancing long-term goals with liquidity and fiduciary considerations.

*The CIT is not intended to be a trading vehicle. To meet daily liquidity needs, the CIT maintains a 15% liquidity buffer allocation to liquid public securities (e.g., high yield, investment-grade and public equity instruments). This serves as the primary source for daily pricing needs, participant flows and rebalancing.

Why V-ALT Multi-Manager CITs?

Multi-Manager refers to the use of investment managers including Voya Investment Management and outside managers, which may be offered through affiliated funds.​

*The CIT is not intended to be a trading vehicle. To meet daily liquidity needs, the CIT maintains a 15% liquidity buffer allocation to liquid public securities (e.g., high yield, investment-grade and public equity instruments). This serves as the primary source for daily pricing needs, participant flows and rebalancing.

Portfolio design

The strategies extend the opportunity set beyond public markets in a practical, measured way—resulting in a professionally governed solution that balances long‑term objectives with real‑world implementation considerations.

This is a bank-sponsored collective investment fund and not a mutual fund. Global Trust Company, a Maine Chartered Non-depository Trust Bank, is the Trustee and maintains and manages the Voya Collective Investment Trust. Portfolio construction above is for illustration purposes only and subject to change. There can be no assurance that the Fund will achieve the targeted or desired diversification or asset allocations described herein. Investment and allocation guidelines and restrictions are described in the offering memorandum and the fund governing documents and allow for different portfolio allocations than the illustrative construction depicted above.​

Experienced Investment Advisory Committee

The Voya IM V-ALT Investment Advisory Committee brings together senior portfolio managers and researchers from across Voya IM, combining manager research, asset allocation and private markets expertise. The Investment Advisory Committee provides research-based insights and investment and allocation recommendations to GTC, which retains full authority over all investment decisions and implementation.

Voya Multi-Asset Strategies & Solutions Team

The Multi-Asset Strategies and Solutions (MASS) team manages Defined Contribution multi-asset class solutions for Voya Investment Management, approaching design and management with a fiduciary commitment to suitability, prudence and conservatism.

¹ As of June 2025, P&I ranked Voya 20 out of 155 firms surveyed based on total US institutional DC AUM. Participation in the P&I ranking is voluntary and open to firms that manage assets for U.S. institutional tax-exempt clients. Managers self-report their data via a survey. P&I sends the survey to previously identified managers and to any new managers asking to participate in the survey/ranking. No fee was paid for consideration.  
² AUM as of 12/31/25; the DC Assets excludes approximately $33 billion in assets under administration. ³ As of 12/31/25.

How Voya is strategically incorporating private assets into a target date glide path

Using extensive experience and proprietary data, Voya’s Multi-Asset Strategies & Solutions team calculated a target date glide path for a hypothetical plan sponsor, modeling potential private market returns alongside typical public market allocations. This glide path depicts the allocations leading to the participant outcomes.

*The CIT is not intended to be a trading vehicle. To meet daily liquidity needs, the CIT maintains a 15% liquidity buffer allocation to liquid public securities (e.g., high yield, investment-grade and public equity instruments). This serves as the primary source for daily pricing needs, participant flows and rebalancing.

Featured Insights

This is a bank-sponsored collective investment fund and not a mutual fund. Global Trust Company, a Maine Chartered Non-depository Trust Bank, is the Trustee and maintains and manages the Voya Collective Investment Trust. The Fund is designed to seek its investment objectives by investing in one or more underlying funds. An investor’s decision to invest in the Fund is an authorization and direction to the Trustee to invest in the underlying Fund(s). The Fund is not FDIC insured or registered as a mutual fund with the Securities and Exchange Commission. Interests in the Trust are offered by the Trustee only to certain qualified employee benefit plans and governmental plans pursuant to a confidential offering memorandum. The Trustee has no obligation to update this summary. This summary has not been approved by the Securities and Exchange Commission or any other federal or state regulatory agency or foreign securities commission. For further information, qualified plan participants should consult their plan sponsors. As with any portfolio, you could lose money on an investment in a collective investment trust. 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. Stocks are more volatile than bonds, and trusts 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. Refer to the Declaration of Trust for more information about the specific risks of investing in the particular assets classes included in the Voya collective investment trusts.

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. High-Yield Securities, or “junk bonds”, are rated lower than investment-grade bonds because there is a greater possibility that the issuer may be unable to make interest and principal payments on those securities. The strategy may use Derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on performance. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Risks of foreign investing are generally intensified in Emerging Markets. As Interest Rates rise, bond prices may fall, reducing the value of the share price. Debt Securities with longer durations tend to be more sensitive to interest rate changes. Other risks of the Fund include but are not limited to: Credit Risks; Other Investment Companies’ Risks; Price Volatility Risks; Inability to Sell Securities Risks; and Securities Lending Risks. Liquidity Risk. The CIT is not intended to be a trading vehicle. To meet daily liquidity needs, the CIT maintains a 15% liquidity buffer allocation to liquid public securities (e.g., high yield, investment-grade and public equity instruments). This serves as the primary source for daily pricing needs, participant flows and rebalancing.

Participation in a Collective Trust Fund is limited to eligible trusts that are accepted by the Trustee as Participating Trusts. Eligible trusts generally include (i) certain employee benefit trusts exempt from federal income taxation under Code Section 501(a); (ii) certain governmental plans or units described in Code Section 414(d), Code Section 457(b), and Code Section 818 (a) (6); (iii) certain commingled trust funds exempt from federal income taxation under Code Section 501(a); and (iv) certain insurance company separate accounts as defined in the Investment Company Act section 2(a) (17). Neither the fund nor units of beneficial interest in the Fund are registered under the Investment Company Act of 1940 nor the Securities Act of 1933, in reliance upon an exemption under these acts applicable to collective trust funds maintained by a bank for certain types of employee benefit trusts.

Voya Investment Management Co. LLC (“VIMCO”) serves as the non discretionary investment adviser to the Affiliated Underlying Funds. Voya IM and/or its affiliates may also receive revenue sharing, platform fees, placement fees, servicing fees, or other forms of compensation from third-party managers of other investment funds (“Other Underlying Funds”) in which the Fund invests. When providing non-discretionary investment advisory services (“Covered Advisory Services”) relating to the Fund’s investment in any Affiliated Underlying Fund or Other Underlying Funds where the Voya IM or an affiliate would receive additional compensation as a result of the Fund’s purchase or holding of any such investment, Voya IM will comply with the “best interest” fiduciary standard and other applicable conditions under U.S. Department of Labor Prohibited Transaction Exemption 2020-02 (“PTE 2020-02”) as necessary or another applicable exemption. These compensation arrangements create conflicts of interest because Voya IM may have a financial incentive to recommend the purchase or holding of interests in investment funds that provide higher compensation to Voya IM or its affiliates, including Affiliated Underlying Funds or Other Underlying Funds, rather than alternative investments that may be available to the Fund.

In addition, VIMCO or its affiliates serve as the investment manager or adviser to certain Underlying Funds in which the Fund invests. VIMCO is an investment adviser registered with the U.S. Securities and Exchange Commission under the Investment Advisers Act of 1940, as amended, and is the asset management business of Voya Financial, Inc., a leading U.S.-based financial services firm. Voya IM delivers actively managed public and private market solutions that drive differentiated outcomes for clients worldwide. We excel at partnering with clients to understand their needs and address challenges in innovative ways, drawing on extensive expertise across fixed income, equity, multi-asset, and alternative strategies. To maintain the tax qualified status of the Funds, the Funds are being offered only to certain Eligible Plans, including: (a) 401(a) qualified plans, such as pension, profit-sharing, and 401(k) plans, certain 403(b)(9) church plans, Section 414(d) government plans that are exempt from U.S. federal taxation, and Section 457(b) deferred compensation plans maintained by a government employer that are exempt from U.S. federal taxation.

Global Trust Company (“Trustee”) is a wholly owned subsidiary of Northeast Retirement Services, of Woburn, Massachusetts. The Trustee is organized as a Maine state-chartered non-depository trust company. The Trust, the Fund and the Trustee will operate in conformity with the rules and regulations of the State of Maine Bureau of Financial Institutions as they apply to collective investment of fiduciary funds.

Third-party awards and/or rankings about entities within the Voya family of companies are given based upon various criteria and methodologies. Awards and/or rankings are not representative of actual client experiences or considered but are not indicative of any future performance. For certain awards/rankings, Voya pays a fee to be considered. For material facts regarding an award, including but not limited to whether a fee was paid to be eligible for the award, please see below.

This information is proprietary and cannot be reproduced or distributed. Certain information may be received from sources Voya Investment Management (“Voya IM”) considers reliable; Voya IM does not represent that such information is accurate or complete. Certain statements contained herein may constitute “projections,” “forecasts” and other “forward-looking statements” which do not reflect actual results are based primarily upon applying retroactively a hypothetical set of assumptions to certain historical financial data. Actual results, performance or events may different materially from those in such statements. Any opinions, projections, forecasts and forward-looking statements presented herein are valid only as of the date of this document and are subject to change. Nothing contained herein should be construed as (i) an offer to buy any security or (ii) a recommendation as to the advisability of investing in, purchasing or selling any security. Voya IM assumes no obligation to update any forward-looking information. 

Past performance is no guarantee of future results.

For financial professional or qualified institutional investor use only. Not for inspection by, distribution or quotation to, the general public.