SEC Form DEF 14A filed by Voya Infrastructure Industrials and Materials Fund

online. Please see the “How do I attend the virtual Annual Meeting?” section below for more details regarding the logistics of the virtual format of the Annual Meeting.

To be certain your vote will be counted, a properly executed Proxy Ballot must be received no later than 5:00 p.m. MST on August 3, 2026.

How do I attend the virtual Annual Meeting?

There is no physical location for the Annual Meeting. In order to attend the virtual Annual Meeting, please visit http://www.meetnow.global/MF69NNF and follow the instructions as outlined on the website.

The virtual meeting platform is fully supported across browsers (Internet Explorer, Firefox, Chrome, and Safari) and devices (desktops, laptops, tablets, and cell phones) running the most updated version of applicable software and plugins. Shareholders should ensure that they have a strong Wi-Fi connection wherever they intend to participate in the Annual Meeting. Shareholders should also give themselves plenty of time to log in and ensure that they can hear audio prior to the start of the Annual Meeting.

Access to the Audio Webcast of the Annual Meeting. The live audio webcast of the meeting will begin promptly at 1:00 p.m. MST on August 4, 2026. Online access to the audio webcast will open approximately thirty minutes prior to the start of the meeting to allow time for you to log in and test the computer audio system. We encourage shareholders to access the meeting prior to the start time.

Log in Instructions. To attend the Annual Meeting, log in at http://www.meetnow.global/MF69NNF. Shareholders will need their unique control number, which appears on the Proxy Ballot sent to them. The control number can be found in the shaded box.

Beneficial Owners. If you hold your shares through an intermediary, such as a bank or broker, you must register in advance to attend the Annual Meeting. To register, you must submit proof of your proxy power (legal proxy) reflecting your Fund holdings along with your name and email address to Computershare Fund Services (“Computershare”), the Fund's tabulator. You may forward an email from your intermediary or attach an image of your legal proxy to shareholdermeetings@computershare.com. Requests for registration must be

received no later than 5:00 p.m., Eastern Time, three business days prior to the meeting date. You will receive a confirmation email from Computershare of your registration and a control number that will allow you to vote at the Annual Meeting.

Submitting Questions at the Virtual Annual Meeting. As part of the Annual Meeting, we will hold a live question and answer session, during which we intend to answer questions submitted during the meeting that are pertinent to the Funds and the meeting matters, as time permits. Questions and answers will be grouped by topic and substantially similar questions will be grouped and answered once.

Technical Assistance. Beginning 30 minutes prior to the start of and during the meeting, we will have our support team ready to assist shareholders with any technical difficulties they may have accessing or hearing the meeting. If you encounter any difficulties accessing the virtual Annual Meeting during the check-in or meeting time, visit the support link provided on the meeting website.

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Please read the section entitled “Further Information about the Trustees and Officers” before voting on the Proposal.

Who are the 2026 Nominees and what are their qualifications?

Set forth below is pertinent information about the 2026 Nominees.

Independent Trustees

Jody T. Foster has been a Trustee of each Fund and a board member of other investment companies in the Voya family of funds since September 2025. Ms. Foster currently serves as the Chairperson of each Fund’s Nominating and Governance Committee since January 1, 2026. She was an independent consultant to the Board from November 2023 until her appointment to the Board in September 2025. She is the Founder and Chief Executive Officer of Symphony Consulting since 2010 where she has overseen the development and launch of a variety of public and private investment product offerings. Previously, she served as Director of Risk Management and Strategy at JPMorgan in Chicago and London (2003-2007); International Research Manager for Driehaus Capital Management (2001-2003) and a Partner, Equity Analysis at Burridge Growth Partners (1999-2001) and Equity Analyst at Clover Capital Management (1996- 1999). She served as an Independent Trustee and Audit Committee Chair for the Hussman Funds (2016-2025) and as a director for the Diamond Hill Funds, part of the First Eagle Family of Funds as of April 2026 (2022-2026), and currently serves as Trustee Emeritus for First Eagle Funds (2026-present). Ms. Foster holds a B.A. in Political Science from Pace University, a Masters in Public Policy from Georgetown University and an M.B.A. from the University of Chicago Booth School of Business.

Joseph E. Obermeyer has been a Trustee of each Fund since May 21, 2013, and a board member of other investment companies in the Voya family of funds since 2003. He currently serves as the Chairperson of the Boards of Directors/Trustees of the Voya family of funds since January 1, 2025, and prior to that, he served as the Chairperson of each Fund’s Investment Review Committee (“IRC”) E in 2024 and as the Chairperson of each Fund’s Nominating and Governance Committee from 2018 to 2023. Prior to that, he served as the Chairperson of each Fund’s former Joint IRC from 2014 through 2017. Mr. Obermeyer was the founder and President of Obermeyer & Associates, Inc., a provider of financial and economic consulting services, for which he served as President from 1999 through 2024. Prior to founding Obermeyer & Associates, Mr. Obermeyer had more than 15 years of experience in accounting, including serving as a Senior Manager at Arthur Andersen LLP from 1995 until 1999.

Previously, Mr. Obermeyer served as a Senior Manager at Coopers & Lybrand LLP from 1993 until 1995, as a Manager at Price Waterhouse from 1988 until 1993, Second Vice President from 1985 until 1988 at Smith Barney, and as a consultant with Arthur Andersen & Co. from 1984 until 1985. Mr. Obermeyer holds a B.A. in Business Administration from the University of Cincinnati, an M.B.A. from Indiana University, and post graduate certificates from the University of Tilburg and INSEAD.

Interested Trustee

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Christian G. Wilson has been a Trustee of each Fund and a board member of other investment companies in the Voya family of funds since September 2025. He is also President and Chief/Principal Executive Officer of the Funds (2024- present), Director, President, and Chief Executive Officer of Voya Funds Services, LLC, Voya Capital, LLC, and Voya Investments, LLC (2024-present), and Head of IM Product and Strategy at Voya Investment Management (2024-present). Mr. Wilson previously served as Head of Global Client Portfolio Management at Voya Investment Management (2023-2024), Head of Fixed Income Client Portfolio Management at Voya Investment Management (2017-2023), and several other senior management positions in various aspects of the financial services business. These positions and experiences have provided Mr. Wilson with extensive investment management, distribution, and oversight experience.

For additional information on the 2026 Nominees, please see Appendix A.

No 2026 Nominee is a party adverse to a Fund or any of its affiliates in any material pending legal proceeding, nor does any 2026 Nominee have an interest materially adverse to a Fund.

If any or all of the 2026 Nominees become unavailable to serve as Trustee for a Fund due to events not now known or anticipated, the persons named as proxies will vote for such other nominee or nominees as the current Trustees may recommend or the Board may reduce the number of Trustees as provided for in each Fund’s charter documents.

Who are the Trustees?

In addition to the 2026 Nominees, there are five other Trustees who currently serve on the Board.

For information on the Trustees, please see Appendix B.

How long will the Trustees serve on the Board?

If elected, each 2026 Nominee would serve as a Trustee for a three-year term and will hold office until a successor is duly elected and qualified, or if sooner, until their death, resignation, removal, bankruptcy, retirement pursuant to the Board’s retirement policy, adjudication of incompetence or other incapacity to perform the duties of the office. The tenure of each Independent Trustee is subject to the Board’s retirement policy, which states that each duly elected or appointed Independent Trustee shall retire from and cease to be a member of the Board at the close of business on December 31 of the calendar year in which the Independent Trustee attains the age of 75. A majority vote of the Board’s other Independent Trustees may extend the retirement date of an Independent Trustee if the retirement would trigger a requirement to hold a meeting of shareholders of each Fund under applicable law, whether for the purposes of appointing a successor to the retiring Independent Trustee or otherwise complying with applicable law, in which case the extension would apply until such time as the shareholder meeting can be held or is no longer required (as determined by a vote of a majority of the other Independent Trustees). Such policy is subject to change based on a vote of a majority of the Board’s Independent Trustees.

What is the required vote?

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Shareholders of each Fund will vote collectively as a single class on the election of each 2026 Nominee. There is no cumulative voting for the election of Trustees. For IDE, the election of each 2026 Nominee must be approved by a majority of the shares voted at the Annual Meeting at which a quorum is present. For each of IGA and IGD, the election of each 2026 Nominee must be approved by a majority at the Annual Meeting at which a quorum is present. Unless instructions to the contrary are marked on the Proxy Ballot, the shares will be voted FOR the election of each 2026 Nominee. Shareholders do not have appraisal rights in connection with the Proposal.

What is the Board’s recommendation?

The Board has unanimously approved the nomination of each of the 2026 Nominees and is unanimously recommending that the shareholders of each Fund vote “FOR” each of the 2026 Nominees.

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and Governance Committee, the Board analyzes whether there are potential means to enhance the efficiency and effectiveness of the Board’s operations.

 

For the fiscal year ended February 28, 2026, no Trustee attended fewer than 75% of the aggregate of: (1) the total number of meetings held by the Board and (2) the total number of meetings held by all Committees of which they are a member. No Fund has a formal policy regarding attendance by Trustees at annual meetings of shareholders.

Board Committees

Audit Committee. The Board has established an Audit Committee whose functions include, among other things: (i) meeting with the independent registered public accounting firm of each Fund to review the scope of each Fund’s audit, each Fund’s financial statements and accounting controls; (ii) meeting with management concerning these matters, internal audit activities, reports under each Fund’s whistleblower procedures, the services rendered by various service providers, and other matters; and (iii) overseeing the implementation of the Voya funds’ valuation procedures and the fair value determinations made with respect to securities held by the Voya funds for which market value quotations are not readily available. The Audit Committee currently consists of four (4) Independent Trustees. The following Trustees currently serve as members of the Audit Committee: Mses. Baldwin and Foster and Messrs. Sullivan and Wetzel. Mr. Wetzel currently serves as the Chairperson of the Audit Committee. All Committee members have been designated as Audit Committee Financial Experts under the Sarbanes-Oxley Act of 2002. The Audit Committee typically meets five (5) times per year, and may hold special meetings by telephone or in person to discuss specific matters that may require action prior to the next regular meeting. The charter for the Audit Committee was attached as Appendix I to the 2025 Proxy Statement for the Funds. The Audit Committee held five (5) meetings during the fiscal year ended February 28, 2026.

Compliance Committee. The Board has established a Compliance Committee for the purpose of, among other things: (i) providing oversight with respect to compliance by the funds in the Voya family of funds and their service providers with applicable laws, regulations, and internal policies and procedures affecting the operations of the funds; (ii) receiving reports of evidence of possible material violations of applicable U.S. federal or state securities laws and breaches of fiduciary duty arising under U.S. federal or state laws; (iii) coordinating activities between the Board and the Chief Compliance Officer (“CCO”) of the funds; (iv) facilitating information flow among Board members and the CCO between Board meetings; (v) working with the CCO and management to identify the types of reports to be submitted by the CCO to the Compliance Committee and the Board; (vi)making recommendations regarding the role, performance, compensation, and oversight of the CCO; (vii) overseeing the cybersecurity practices of the funds and their key service providers; (viii) overseeing management’s administration of proxy voting; (ix) overseeing the effectiveness of brokerage usage by each Fund’s advisers or sub-advisers, as applicable, and compliance with regulations regarding the allocation of brokerage for services; and (x) overseeing the implementation of the funds’ liquidity risk management program.

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The Compliance Committee currently consists of three (3) Independent Trustees: Messrs. Boyer, Johnson, and Obermeyer. Mr. Johnson currently serves as the Chairperson of the Compliance Committee. The Compliance Committee typically meets four (4) times per year, and may hold special meetings by telephone or in person to discuss specific matters that may require action prior to the next regular meeting. The Compliance Committee held five (5) meetings during the fiscal year ended February 28, 2026.

Contracts Committee. The Board has established a Contracts Committee for the purpose of overseeing the annual renewal process relating to investment advisory and sub-advisory agreements, distribution agreements, and Rule 12b-1 Plans and, at the discretion of the Board, other service agreements or plans involving the Voya funds (including each Fund). The responsibilities of the Contracts Committee include, among other things: (i) identifying the scope and format of information to be provided by service providers in connection with applicable contract approvals or renewals; (ii) providing guidance to independent legal counsel regarding specific information requests to be made by such counsel on behalf of the Trustees; (iii) evaluating regulatory and other developments that might have an impact on applicable approval and renewal processes; (iv) reporting to the Trustees its recommendations and decisions regarding the foregoing matters; (v) assisting in the preparation of a written record of the factors considered by Trustees relating to the approval and renewal of advisory and sub-advisory agreements; (vi) recommending to the Board specific steps to be taken by it regarding the contracts approval and renewal process, including, for example, proposed schedules of certain actions to be taken; and (vii) otherwise providing assistance in connection with Board decisions to renew, reject, or modify agreements or plans.

The Contracts Committee is comprised of all of the Independent Trustees. Mr. Boyer currently serves as the Chairperson of the Contracts Committee. The Contracts Committee typically meets five (5) times per year and may hold special meetings by telephone or in person to discuss specific matters that may require action prior to the next regular meeting. The Contracts Committee held five (5) meetings during the fiscal year ended February 28, 2026.

The Compliance Committee and Contracts Committee sometimes meet jointly to consider matters that are reviewed by both Committees. The Committees held one

(1) such additional joint meeting during the fiscal year ended February 28, 2026.

Investment Review Committees. The Board has established, for all of the funds under its direction, the following two Investment Review Committees (each an “IRC” and together the “IRCs”): (i) the Investment Review Committee E (“IRC E”) and (ii) the Investment Review Committee F (“IRC F”). The funds are allocated among IRCs periodically by the Board as the Board deems appropriate to balance the workloads of the IRCs and to have similar types of funds or funds with the same investment sub-adviser or the same portfolio management team assigned to the same IRC. Each IRC performs the following functions, among other things: (i) monitoring the investment performance of the funds in the Voya family of funds that are assigned to that Committee; (ii) making recommendations to the Board with respect to investment management activities performed by the investment advisers and/or sub-advisers on behalf of such Voya funds, and reviewing and making recommendations regarding proposals by management to retain new or

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additional sub-advisers for these Voya funds; and (iii) making recommendations to the Board regarding the role, performance, compensation, and oversight of the Chief Investment Risk Officer. Each Fund is monitored by the IRC F. Each IRC is described below.

The IRC E currently consists of three (3) Independent Trustees. The following Trustees serve as members of the IRC E: Mses. Baldwin and Foster and Mr. Obermeyer. Ms. Baldwin currently serves as the Chairperson of the IRC E. The IRC E typically meets five (5) times per year and on an as-needed basis. The IRC E held five (5) meetings during the fiscal year ended February 28, 2026.

The IRC F currently consists of four (4) Independent Trustees. The following Trustees serve as members of the IRC F: Messrs. Boyer, Johnson, Sullivan, and Wetzel. Mr. Sullivan currently serves as the Chairperson of the IRC F. The IRC F typically meets five (5) times per year and on an as-needed basis. The IRC F held five (5) meetings during the fiscal year ended February 28, 2026.

The IRC E and IRC F sometimes meet jointly to consider matters that are reviewed by both Committees. The Committees held five (5) such additional joint meetings during the fiscal year ended February 28, 2026.

 

Nominating and Governance Committee. The Board has established a Nominating and Governance Committee for the purpose of, among other things: (i) identifying and recommending to the Board candidates it proposes for nomination to fill Independent Trustee vacancies on the Board; (ii) reviewing workload and capabilities of Independent Trustees and recommending changes to the size or composition of the Board, as necessary; (iii) monitoring regulatory developments and recommending modifications to the Committee’s responsibilities; (iv) considering and, if appropriate, recommending the creation of additional committees or changes to Trustee policies and procedures based on rule changes and “best practices” in corporate governance; (v) conducting an annual review of the membership and chairpersons of all Board committees and of practices relating to such membership and chairpersons; (vi) undertaking a periodic study of compensation paid to independent board members of investment companies and making recommendations for any compensation changes for the Independent Trustees; (vii) overseeing the Board’s annual self-evaluation process; (viii) developing (with assistance from management) an annual meeting calendar for the Board and its committees; (ix) overseeing actions to facilitate attendance by Independent Trustees at relevant educational seminars and similar programs; and (x) overseeing insurance arrangements for the Funds.

In evaluating potential candidates to fill Independent Trustee vacancies on the Board, the Nominating and Governance Committee will consider a variety of factors. Specific qualifications of candidates for Board membership will be based on the needs of the Board at the time of nomination. The Nominating and Governance Committee will consider nominations received from shareholders and shall assess shareholder nominees in the same manner as it reviews nominees that it identifies as potential candidates. A shareholder nominee for Trustee should be submitted in writing to the Fund’s Secretary at 7337 East Doubletree Ranch Road, Suite 100, Scottsdale, Arizona 85258-2034. Any such shareholder nomination should include at least the following information as to each individual proposed for nomination as Trustee: such person’s written consent to be named in a proxy statement as a nominee (if nominated) and to serve as a Trustee (if

12

elected), and all information relating to such individual that is required to be disclosed in the solicitation of proxies for election of Trustees, or is otherwise required, in each case under applicable federal securities laws, rules, and regulations, including such information as the Board may reasonably deem necessary to satisfy its oversight and due diligence duties. The charter for the Nominating and Governance Committee was attached as Appendix J to the 2025 Proxy Statement for the Funds.

The Secretary shall submit all nominations received in a timely manner to the Nominating and Governance Committee. To be timely in connection with a shareholder meeting to elect Trustees, any such submission must be delivered to the Fund’s Secretary not earlier than the 90th day prior to such meeting and not later than the close of business on the later of the 60th day prior to such meeting or the 10th day following the day on which public announcement of the date of the meeting is first made, by either the disclosure in a press release or in a document publicly filed by the Fund with the SEC.

The Nominating and Governance Committee is comprised of all of the Independent Trustees. Ms. Foster currently serves as the Chairperson of the Nominating and Governance Committee. The Nominating and Governance Committee conducts meetings as needed or appropriate. The Nominating and Governance Committee held five (5) meetings during the fiscal year ended February 28, 2026.

The Board’s Risk Oversight Role

The day-to-day management of various risks relating to the administration and operation of each Fund is the responsibility of management and other service providers retained by the Board or by management, most of whom employ professional personnel who have risk management responsibilities. The Board oversees this risk management function consistent with and as part of its oversight duties. The Board performs this risk management oversight function directly and, with respect to various matters, through its committees. The following description provides an overview of many, but not all, aspects of the Board’s oversight of risk management for each Fund. In this connection, the Board has been advised that it is not practicable to identify all of the risks that may impact each Fund or to develop procedures or controls that are designed to eliminate all such risk exposures, and that applicable securities law regulations do not contemplate that all such risks be identified and addressed.

The Board, working with management personnel and other service providers, has endeavored to identify the primary risks that confront each Fund. In general, these risks include, among others: (i) investment risks; (ii) credit risks; (iii) liquidity risks; (iv)valuation risks; (v) operational risks; (vi) reputational risks; (vii) regulatory risks; (viii)risks related to potential legislative changes; (ix) the risk of conflicts of interest affecting Voya affiliates in managing each Fund; and (x) cybersecurity risks. The Board has adopted and periodically reviews various policies and procedures that are designed to address these and other risks confronting each Fund. In addition, many service providers to each Fund have adopted their own policies, procedures, and controls designed to address particular risks to each Fund. The Board and persons retained to render advice and service to the Board periodically review and/or monitor changes to, and developments relating to, the effectiveness of these policies and procedures.

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The Board oversees risk management activities in part through receipt and review by the Board or its committees of regular and special reports, presentations and other information from Officers of each Fund, including the CCOs for each Fund and the Investment Adviser and each Fund’s Chief Investment Risk Officer (“CIRO”), and from other service providers. For example, management personnel and the other persons make regular reports and presentations to: (i) the Compliance Committee regarding compliance with regulatory requirements and oversight of cybersecurity practices by each Fund and key service providers; (ii) the IRCs regarding investment activities and strategies that may pose particular risks; (iii) the Audit Committee with respect to financial reporting controls and internal audit activities; (iv) the Nominating and Governance Committee regarding corporate governance and best practice developments; and (v) the Contracts Committee regarding regulatory and related developments that might impact the retention of service providers to each Fund. The CIRO oversees an Investment Risk Department (“IRD”) that provides an additional source of analysis and research for Board members in connection with their oversight of the investment process and performance of portfolio managers. Among its other duties, the IRD seeks to identify and, where practicable, measure the investment risks being taken by each Fund’s portfolio managers. Although the IRD works closely with management of each Fund in performing its duties, the CIRO is directly accountable to, and maintains an ongoing dialogue with, the Independent Trustees.

 

 Trustee Compensation

Each Trustee is reimbursed for reasonable expenses incurred in connection with each meeting of the Board or any of its Committee meetings attended. Each Independent Trustee is compensated for his or her services, on a quarterly basis, according to a fee schedule adopted by the Board. The Board may from time to time designate other meetings as subject to compensation.

Effective January 1, 2026, each Fund pays each Trustee who is not an interested person of the Fund his or her pro rata share, as described below, of: (i) an annual retainer of $360,000; (ii) Mr. Obermeyer, as the Chairperson of the Board, receives an additional annual retainer of $115,000; (iii) Mses. Baldwin and Foster and Messrs. Boyer, Johnson, Sullivan, and Wetzel, as the Chairpersons of Committees of the Board, each receives an additional annual retainer of $40,000, $40,000, $52,500, $40,000, $40,000 and $40,000, respectively; and (iv) out-of-pocket expenses. The Board at its discretion may from time to time designate other special meetings as subject to compensation in such amounts as the Board may reasonably determine on a case-by-case basis.

The pro rata share paid by each Fund is based on each Fund’s average net assets as a percentage of the average net assets of all the funds managed by the Investment Adviser or its affiliate for which the Trustees serve in common as Trustees.

Appendix C details the compensation paid to the Trustees by each Fund and by all the Voya funds in the family of funds.

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person’s position with each Fund and principal occupation for the last five years, are listed in Appendix E.

Officer Compensation

The officers, who are also officers or employees of Voya Investments or its affiliates, are compensated by Voya Investments or its affiliates. The officers are not paid by any Fund.

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Adviser, and any entity controlling, controlled by, or under common control with the Investment Adviser that provides ongoing services to each Fund for the fiscal years ended February 28, 2025 and February 28, 2026, are described in Appendix H. All of the services provided by the independent public accountants were approved by the Audit Committee pursuant to pre-approval policies and procedures adopted by the Audit Committee. Pursuant to such policies and procedures, the Audit Committee approves: (i) all audit and non-audit services to be rendered to each Fund by E&Y; and (ii) all non-audit services impacting the operations and financial reporting of each Fund provided by E&Y to the Investment Adviser or any affiliate thereof that provides ongoing services to each Fund (collectively, “Covered Services”). The Audit Committee has adopted pre-approval procedures authorizing one or more members of the Audit Committee to approve from time to time, on behalf of the Audit Committee, all Covered Services to be provided by E&Y which are not otherwise approved at a meeting of the Audit Committee, provided that such delegate reports to the full Audit Committee at its next regularly scheduled meeting. The pre-approval procedures do not include delegation of the Audit Committee’s responsibilities to management. Pre-approval has not been waived with respect to any of the services described above since the date on which the Audit Committee adopted its current pre-approval procedures.

The Audit Committee of the Board has considered and will periodically consider whether E&Y’s provision of non-audit services to the Investment Adviser and all entities controlling, controlled by, or under common control with the Investment Adviser that provide ongoing services to each Fund that were not required to be pre-approved is compatible with maintaining the independence of E&Y.

Representatives of E&Y are not expected to be at the Annual Meeting but have been given the opportunity to make a statement if they wish.

Why did my household only receive one copy of this Proxy Statement?

Only one copy of this Proxy Statement may be mailed to each household, even if more than one person in the household is a Fund shareholder of record, unless your Fund has received contrary instructions from one or more of the household’s shareholders. If a shareholder needs an additional copy of this Proxy Statement, please contact Shareholder Services at 1-800-992-0180. If in the future, any shareholder does not wish to combine or wishes to recombine the mailing of a proxy statement with household members, please inform your Fund in writing at 7337 East Doubletree Ranch Road, Suite 100, Scottsdale, Arizona 85258-2034 or via telephone at 1-800-992-0180.

Who pays for this proxy solicitation?

Each Fund will pay the expenses incurred in connection with the Notice of Annual Meeting of Shareholders, Proxy Statement, and the Annual Meeting, including printing, mailing, vote tabulation, legal, and out of pocket expenses. In order that the presence of a quorum at the Annual Meeting may be assured, prompt execution and return of the enclosed Proxy Ballot is requested. Even if you expect to virtually attend the Annual Meeting, you are requested to complete, sign and return the enclosed Proxy Ballot. A self-addressed postage paid envelope is

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enclosed for your convenience. You also may vote via telephone or via the Internet. Please follow the voting instructions as outlined on your Proxy Ballot.

June 5, 2026

7337 East Doubletree Ranch Road, Suite 100 Scottsdale, Arizona 85258-2034

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					Number of
					Funds in
					the Fund	Other Board
					Complex
		Position(s)				Positions
			Term of Office and		Overseen by
	Name and	Held with		Principal Occupation(s)		Held by
			Length of Time Served1		Trustees2
	Year of Birth	each Fund		During the Past 5 Years		Trustees
	Joseph E.	Chairperson	01/2025 – Present	Retired. Formerly, President,	124	None.
	Obermeyer	Trustee	All Funds:	Obermeyer & Associates, Inc.,
	(1957)		05/2013 – Present	a provider of financial and
				economic consulting services
				(November 1999 – December
				2024).

23

					Number of
					Funds in
					the Fund	Other Board
					Complex
		Position(s)				Positions
			Term of Office and		Overseen by
	Name and	Held with		Principal Occupation(s)		Held by
			Length of Time Served1		Trustees2
	Year of Birth	each Fund		During the Past 5 Years		Trustees
	Interested Trustee
	Christian G.	Trustee	September 2025 – Present	President and Chief Executive	124	Director,
	Wilson			Officer, Voya Funds Services,		President, and
(1968)				LLC, Voya Capital, LLC, and		Chief Executive
				Voya Investments, LLC		Officer, Voya
				(September 2024 – Present);		Funds Services,
				Head of Product and Strategy,		LLC, Voya
				Voya Investment Management		Capital, LLC and
				(June 2024 – Present).		Voya
				Formerly, Head of Global Client		Investments,
				Portfolio Management, Voya		LLC (September
				Investment Management		2024 –
				(March 2023 – June 2024);		Present).
				Head of Fixed Income Client

Portfolio Management, Voya

Investment Management (July

2017 – March 2023).

1.The Board of each Fund is divided into three classes, with the term of one class expiring at each annual meeting of each Fund. Trustees serve until their successors are duly elected and qualified. The tenure of each Independent Trustee is subject to the Board’s retirement policy, which states that each duly elected or appointed Independent Trustee shall retire from and cease to be a member of the Board of Trustees at the close of business on December 31 of the calendar year in which the Independent Trustee attains the age of 75. A majority vote of a Board’s other Independent Trustees may extend the retirement date of an Independent Trustee if the retirement would trigger a requirement to hold a meeting of shareholders of each Fund under applicable law, whether for the purposes of appointing a successor to the Independent Trustee or otherwise complying under applicable law, in which case the extension would apply until such time as the shareholder meeting can be held or is no longer required (as determined by a vote of a majority of the other Independent Trustees).

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2.For the purposes of this table, “Fund Complex” includes the following investment companies: Voya Asia Pacific High Dividend Equity Income Fund; Voya Credit Income Fund; Voya Emerging Markets High Dividend Equity Fund; Voya Equity Trust; Voya Funds Trust; Voya Global Advantage and Premium Opportunity Fund; Voya Global Equity Dividend and Premium Opportunity Fund; Voya Government Money Market Portfolio; Voya Infrastructure, Industrials and Materials Fund; Voya Intermediate Bond Portfolio; Voya Investors Trust; Voya Mutual Funds; Voya Partners, Inc.; Voya Separate Portfolios Trust; Voya Variable Funds; Voya Variable Insurance Trust; Voya Variable Portfolios, Inc.; and Voya Variable Products Trust. The number of funds in the Fund Complex is as of February 28, 2026.

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					Number of
					Funds in
					the Fund	Other Board
					Complex
		Position(s)				Positions
			Term of Office and		Overseen by
	Name and	Held with		Principal Occupation(s)		Held by
			Length of Time Served1		Trustees2
	Year of Birth	each Fund		During the Past 5 Years		Trustees
	Mark R.	Trustee	All Funds:	Retired. Formerly, President,	124	None.
	Wetzel		07/2025 – Present	Fiducient Advisors, an
	(1961)			investment adviser (April 2006
				– May 2024).

1.The Board of each Fund is divided into three classes, with the term of one class expiring at each annual meeting of each Fund. Trustees serve until their successors are duly elected and qualified. The tenure of each Independent Trustee is subject to the Board’s retirement policy, which states that each duly elected or appointed Independent Trustee shall retire from and cease to be a member of the Board of Trustees at the close of business on December 31 of the calendar year in which the Independent Trustee attains the age of 75. A majority vote of a Board’s other Independent Trustees may extend the retirement date of an Independent Trustee if the retirement would trigger a requirement to hold a meeting of shareholders of each Fund under applicable law, whether for the purposes of appointing a successor to the Independent Trustee or otherwise complying under applicable law, in which case the extension would apply until such time as the shareholder meeting can be held or is no longer required (as determined by a vote of a majority of the other Independent Trustees).

2.For the purposes of this table, “Fund Complex” includes the following investment companies: Voya Asia Pacific High Dividend Equity Income Fund; Voya Credit Income Fund; Voya Emerging Markets High Dividend Equity Fund; Voya Equity Trust; Voya Funds Trust; Voya Global Advantage and Premium Opportunity Fund; Voya Global Equity Dividend and Premium Opportunity Fund; Voya Government Money Market Portfolio; Voya Infrastructure, Industrials and Materials Fund; Voya Intermediate Bond Portfolio; Voya Investors Trust; Voya Mutual Funds; Voya Partners, Inc.; Voya Separate Portfolios Trust; Voya Variable Funds; Voya Variable Insurance Trust; Voya Variable Portfolios, Inc.; and Voya Variable Products Trust. The number of funds in the Fund Complex is as of February 28, 2026.

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				Term of Office and		Principal Occupation(s)
Name, Address and	Position(s) Held with			Length of		During the
Year of Birth	each Fund			Time Served1		Past 5 Years
Steven Hartstein	Chief Compliance			All Funds:		Senior Vice President, Voya Investment Management
(1963)	Officer			12/2022 – Present		(December 2022 – Present). Formerly, Head of Funds
200 Park Avenue						Compliance, Brighthouse Financial, Inc.; and Chief
New York, New York						Compliance Officer, Brighthouse Funds and Brighthouse
10166						Investment Advisers, LLC (March 2017 – December
					2022).
Todd Modic	Senior Vice			IDE:		Director and Senior Vice President, Voya Capital, LLC
(1967)	President, Chief/			11/2007 – Present		and Voya Funds Services, LLC (September 2022 –
	Principal Financial			IGA:		Present); Director, Voya Investments, LLC (September
	Officer and Assistant			07/2005 – Present		2022 – Present); Senior Vice President, Voya
	Secretary			IGD:		Investments, LLC (April 2005 – Present). Formerly,
						President, Voya Funds Services, LLC (March 2018 –
				05/2005 – Present
						September 2022).

32

		Term of Office and	Principal Occupation(s)
Name, Address and	Position(s) Held with	Length of	During the
Year of Birth	each Fund	Time Served1	Past 5 Years
Kimberly A.	Senior Vice President	IDE:	Senior Vice President, Voya Investments, LLC
Anderson		11/2007 – Present	(September 2003 – Present).
(1964)		IGA:
		07/2005 – Present
		IGD:
		01/2005 – Present

Jason Kadavy		Senior Vice President		All Funds:		Senior Vice President, Voya Investments, LLC and
(1976)				09/2023 – Present		Voya Funds Services, LLC (September 2023 – Present).

Formerly, Vice President, Voya Investments, LLC (October 2015 – September 2023); Vice President, Voya Funds Services, LLC (July 2007 – September 2023).

33

					Term of Office and		Principal Occupation(s)
	Name, Address and		Position(s) Held with		Length of		During the
	Year of Birth		each Fund		Time Served1		Past 5 Years
	Erica McKenna		Senior Vice President		All Funds:		Senior Vice President, Head of Mutual Fund Compliance,
(1972)					April 2026 – Present		and Chief Compliance Officer, Voya Investments, LLC
							(April 2026 – Present). Formerly, Vice President, Head of
							Mutual Fund Compliance, and Chief Compliance Officer,
							Voya Investments, LLC (May 2022 – April 2026); Vice
							President, Fund Compliance Manager, Voya Investments,
							LLC (March 2021 – May 2022); Assistant Vice President,
							Fund Compliance Manager, Voya Investments, LLC
							(December 2016 – March 2021).
	Joanne F. Osberg				All Funds:		Senior Vice President and Chief Counsel, Voya
	(1982)		Senior Vice President		03/2023 – Present		Investment Management – Mutual Fund Legal
			Secretary		09/2020 – Present		Department, and Senior Vice President and Secretary,

Voya Investments, LLC, Voya Capital, LLC, and

Voya Funds Services, LLC (March 2023-Present).

Formerly, Secretary, Voya Capital, LLC (August 2022 –

March 2023); Vice President and Secretary, Voya

Investments, LLC and Voya Funds Services, LLC and

Vice President and Senior Counsel, Voya Investment

Management – Mutual Fund Legal Department

(September 2020 – March 2023).

34

			Term of Office and	Principal Occupation(s)
Name, Address and	Position(s) Held with		Length of	During the
Year of Birth	each Fund		Time Served1	Past 5 Years
Andrew K. Schlueter	Senior Vice President		All Funds:	Senior Vice President, Head of Client Operations, Voya
(1976)			06/2022 – Present	Investment Management (January 2026 – Present); Vice
				President, Voya Investments Distributor, LLC (April 2018
				– Present); Vice President, Voya Investments, LLC and
				Voya Funds Services, LLC (March 2018 – Present).
				Formerly, Senior Vice President, Head of Distribution
				Operations and Business Implementation, Voya
				Investment Management (March 2024 –December 2025);
				Senior Vice President, Head of Investment Operations
				Support, Voya Investment Management (April 2023 –
				March 2024); Senior Vice President, Head of Mutual Fund
				Operations, Voya Investment Management (March 2022
				– March 2023); Vice President, Head of Mutual Fund
				Operations, Voya Investment Management (February
				2018 – February 2022).
Fred Bedoya	Vice President,		All Funds:	Vice President, Voya Investments, LLC (October 2015 –
(1973)	Principal Accounting		09/2012 – Present	Present); Vice President, Voya Funds Services, LLC (July
	Officer and Treasurer			2012 – Present).

35

		Term of Office and	Principal Occupation(s)
Name, Address and	Position(s) Held with	Length of	During the
Year of Birth	each Fund	Time Served1	Past 5 Years
Robyn L. Ichilov	Vice President	IDE:	Vice President, Voya Investments, LLC (August 1997 –
(1967)		11/2007 – Present	Present); Vice President, Voya Funds Services, LLC
		IGA:	(November 1995 – Present).
		07/2005 – Present
		IGD:
		01/2005 – Present

Caitlin Robinson	Vice President and		All Funds:	Vice President and Counsel, Voya Investment
(1983)	Assistant Secretary		09/2025 – Present	Management – Mutual Fund Legal Department (August
				2024 – Present). Formerly, Senior Counsel, Putnam
				Investments (January 2015 – July 2024).
Chelsea Shumway	Vice President		All Funds:	Vice President, Head of Active Ownership, Voya
(1984)			April 2026 – Present	Investment Management (April 2026 – Present).
				Formerly, Vice President – Active Ownership, Voya
				Investment Management (November 2025 – April 2026);
				Associate Director – Head of Governance, Research, and
				Voting Products, Institutional Shareholder Services Inc.
				(March 2022 – October 2025); Vice President, BlackRock
				Investment Stewardship (July 2021- March 2022).
Craig Wheeler	Vice President		All Funds:	Vice President – Director of Tax, Voya Investments, LLC
(1969)			05/2013 – Present	(October 2015 – Present).

36

				Term of Office and	Principal Occupation(s)
	Name, Address and	Position(s) Held with		Length of	During the
	Year of Birth	each Fund		Time Served1	Past 5 Years
	Gizachew Wubishet			All Funds:	Vice President and Counsel, Voya Investment
(1976)		Vice President		03/2024 – Present	Management – Mutual Fund Legal Department (March
		Assistant Secretary		06/2022 – Present	2024 – Present). Formerly, Assistant Vice President and
					Counsel, Voya Investment Management – Mutual Fund
					Legal Department (May 2019 – February 2024).
	Christopher J.	Assistant Vice		All Funds:	Assistant Vice President and Counsel, Voya Investment
	Geissler	President and		April 2026 – Present	Management – Mutual Fund Legal Department
	(1989)	Assistant Secretary			(September 2025 – Present). Formerly, Attorney, Dechert
					LLP (August 2016 – September 2025).
	Freddee McGough	Assistant Vice		All Funds:	Assistant Vice President, Voya Investment Management
(1965)		President		11/2019 – Present	(September 2001 – Present).
	Monia Piacenti	Anti-Money		All Funds:	Compliance Manager, Voya Financial, Inc. (March 2023 –
	(1976)	Laundering Officer		06/2018 – Present	Present); Anti-Money Laundering Officer,
	One Orange Way				Voya Investments Distributor, LLC, Voya Investment
	Windsor, Connecticut				Management, and Voya Investment Management Trust
	06095				Co. (June 2018 – Present). Formerly, Compliance
					Consultant, Voya Financial, Inc. (January 2019 –
					February 2023).

1.The officers hold office until the next annual meeting of the Trustees and until their successors have been elected and qualified.

37

 

		Aggregate Non-Audit Fees
Registrant/Investment Adviser	2026	2025
IGA	$9,323	$8,580
IGD	$8,580	$8,580
IDE	$19,529	$24,912
Voya Investments, LLC1	$10,841,531	$15,145,346

1.Includes fees paid by the Investment Adviser and any affiliates of the Investment Adviser that are subsidiaries of Voya Financial, Inc.

41

	Please detach at perforation before mailing.
PROXY	VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND
	ANNUAL MEETING OF SHAREHOLDERS
	TO BE HELD ON AUGUST 4, 2026

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES. The undersigned hereby appoints Joanne F. Osberg, Todd Modic, Christopher J. Geissler, Caitlin E. Robinson, or Gizachew Wubishet, in any capacity, with full power of substitution as proxy or proxies of the undersigned, to vote all shares of Voya Global Advantage and Premium Opportunity Fund (the “Fund”) which the undersigned is entitled to vote at the Annual Meeting of Shareholders of the Fund to be held virtually at the following Website: www.meetnow.global/MF69NNF on August 4, 2026 at 1:00 p.m. MST, and any adjournment(s) or postponement(s) thereof. To participate in the Virtual Meeting enter the 14-digit control number from the shaded box on this card. The undersigned hereby acknowledges receipt of the Notice of the Annual Meeting and the accompanying Proxy Statement, the terms of each of which are incorporated by reference, and revokes any proxy heretofore given with respect to such Annual Meeting. Please refer to the Proxy Statement for a discussion of these matters.

If this Proxy is executed but no instructions are given, the votes entitled to be cast by the undersigned will be cast “FOR” each of the nominees for Trustee (Proposal 1).

VOTE VIA THE INTERNET: www.proxy-direct.com

VOTE VIA THE TELEPHONE: 1-800-337-3503

IGA_35048_051326

PLEASE SIGN AND DATE ON THE REVERSE SIDE

xxxxxxxxxxxxxx code

EVERY SHAREHOLDER’S VOTE IS IMPORTANT

Important Notice Regarding the Availability of Proxy Materials for the

Shareholders Meeting to be held virtually on August 4, 2026.

The Proxy Statement and Notice of Annual Meeting are available at:

 www.proxyvote.com/voya 

IF YOU VOTE ON THE INTERNET OR BY TELEPHONE,

YOU NEED NOT RETURN THIS PROXY CARD

Please detach at perforation before mailing.

In their discretion, the proxy holders are authorized to vote upon the matters set forth in the Notice of Meeting and Proxy Statement dated June 5, 2026 and upon all other matters as may properly come before the Annual Meeting or any adjournments or postponements thereof.

TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE: x

AProposal THE BOARD OF TRUSTEES RECOMMENDS THAT YOU VOTE “FOR” THE PROPOSAL.

1.To elect three Class III Nominees to the Board of Trustees:

		FOR AGAINST ABSTAIN
01.	Jody T. Foster	¨	¨	¨
02.	Joseph E. Obermeyer	¨	¨	¨
03.	Christian G. Wilson	¨	¨	¨

2.To transact such other business, not currently contemplated, that may properly come before the Annual Meeting, or any adjournments or postponements thereof, in the discretion of the proxies or their substitutes.

BAuthorized Signatures ─ This section must be completed for your vote to be counted. ─ Sign and Date Below

Note: Please sign exactly as your name(s) appear(s) on this Proxy Card, and date it. When shares are held jointly, each holder should sign. When signing as attorney, executor, guardian, administrator, trustee, officer of a corporation or other entity or in another representative capacity, please give the full title under the signature.

Date (mm/dd/yyyy) ─ Please print date below

Signature 1 ─ Please keep signature within the box

Signature 2 ─ Please keep signature within the box

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IGA 35048

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PROXY	VOYA GLOBAL EQUITY DIVIDEND AND PREMIUM OPPORTUNITY FUND
	ANNUAL MEETING OF SHAREHOLDERS
	TO BE HELD ON AUGUST 4, 2026

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES. The undersigned hereby appoints Joanne F. Osberg, Todd Modic, Christohper J. Geissler, Caitlin E. Robinson, or Gizachew Wubishet, in any capacity, with full power of substitution as proxy or proxies of the undersigned, to vote all shares of Voya Global Equity Dividend and Premium Opportunity Fund (the “Fund”) which the undersigned is entitled to vote at the Annual Meeting of Shareholders of the Fund to be held virtually at the following Website: www.meetnow.global/MF69NNF on August 4, 2026 at 1:00 p.m. MST, and any adjournment(s) or postponement(s) thereof. To participate in the Virtual Meeting enter the 14-digit control number from the shaded box on this card. The undersigned hereby acknowledges receipt of the Notice of the Annual Meeting and the accompanying Proxy Statement, the terms of each of which are incorporated by reference, and revokes any proxy heretofore given with respect to such Annual Meeting. Please refer to the Proxy Statement for a discussion of these matters.

If this Proxy is executed but no instructions are given, the votes entitled to be cast by the undersigned will be cast “FOR” each of the nominees for Trustee (Proposal 1).

VOTE VIA THE INTERNET: www.proxy-direct.com

VOTE VIA THE TELEPHONE: 1-800-337-3503

IGD_35048_051326

PLEASE SIGN AND DATE ON THE REVERSE SIDE

xxxxxxxxxxxxxx code

EVERY SHAREHOLDER’S VOTE IS IMPORTANT

Important Notice Regarding the Availability of Proxy Materials for the

Shareholders Meeting to be held virtually on August 4, 2026.

The Proxy Statement and Notice of Annual Meeting are available at:

 www.proxyvote.com/voya 

IF YOU VOTE ON THE INTERNET OR BY TELEPHONE,

YOU NEED NOT RETURN THIS PROXY CARD

Please detach at perforation before mailing.

In their discretion, the proxy holders are authorized to vote upon the matters set forth in the Notice of Meeting and Proxy Statement dated June 5, 2026 and upon all other matters as may properly come before the Annual Meeting or any adjournments or postponements thereof.

TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE: x

AProposal THE BOARD OF TRUSTEES RECOMMENDS THAT YOU VOTE “FOR” THE PROPOSAL.

1.To elect three Class III Nominees to the Board of Trustees:

		FOR AGAINST ABSTAIN
01.	Jody T. Foster	¨	¨	¨
02.	Joseph E. Obermeyer	¨	¨	¨
03.	Christian G. Wilson	¨	¨	¨

2.To transact such other business, not currently contemplated, that may properly come before the Annual Meeting, or any adjournments or postponements thereof, in the discretion of the proxies or their substitutes.

BAuthorized Signatures ─ This section must be completed for your vote to be counted. ─ Sign and Date Below

Note: Please sign exactly as your name(s) appear(s) on this Proxy Card, and date it. When shares are held jointly, each holder should sign. When signing as attorney, executor, guardian, administrator, trustee, officer of a corporation or other entity or in another representative capacity, please give the full title under the signature.

Date (mm/dd/yyyy) ─ Please print date below

Signature 1 ─ Please keep signature within the box

Signature 2 ─ Please keep signature within the box

/ /

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IGD 35048

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PROXY	VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND
	ANNUAL MEETING OF SHAREHOLDERS
	TO BE HELD ON AUGUST 4, 2026

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES. The undersigned hereby appoints Joanne F. Osberg, Todd Modic, Christopher J. Geissler, Caitlin E. Robinson, or Gizachew Wubishet, in any capacity, with full power of substitution as proxy or proxies of the undersigned, to vote all shares of Voya Infrastructure, Industrials and Materials Fund (the “Fund”) which the undersigned is entitled to vote at the Annual Meeting of Shareholders of the Fund to be held virtually at the following Website: www.meetnow.global/MF69NNF on August 4, 2026 at 1:00 p.m. MST, and any adjournment(s) or postponement(s) thereof. To participate in the Virtual Meeting enter the 14-digit control number from the shaded box on this card. The undersigned hereby acknowledges receipt of the Notice of the Annual Meeting and the accompanying Proxy Statement, the terms of each of which are incorporated by reference, and revokes any proxy heretofore given with respect to such Annual Meeting. Please refer to the Proxy Statement for a discussion of these matters.

If this Proxy is executed but no instructions are given, the votes entitled to be cast by the undersigned will be cast “FOR” each of the nominees for Trustee (Proposal 1).

VOTE VIA THE INTERNET: www.proxy-direct.com

VOTE VIA THE TELEPHONE: 1-800-337-3503

IDE_35048_051326

PLEASE SIGN AND DATE ON THE REVERSE SIDE

xxxxxxxxxxxxxx code

EVERY SHAREHOLDER’S VOTE IS IMPORTANT

Important Notice Regarding the Availability of Proxy Materials for the

Shareholders Meeting to be held virtually on August 4, 2026.

The Proxy Statement and Notice of Annual Meeting are available at:

 www.proxyvote.com/voya 

IF YOU VOTE ON THE INTERNET OR BY TELEPHONE,

YOU NEED NOT RETURN THIS PROXY CARD

Please detach at perforation before mailing.

In their discretion, the proxy holders are authorized to vote upon the matters set forth in the Notice of Meeting and Proxy Statement dated June 5, 2026 and upon all other matters as may properly come before the Annual Meeting or any adjournments or postponements thereof.

TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE: x

AProposal THE BOARD OF TRUSTEES RECOMMENDS THAT YOU VOTE “FOR” THE PROPOSAL.

1.To elect three Class II Nominees to the Board of Trustees:

		FOR AGAINST ABSTAIN
01.	Jody T. Foster	¨	¨	¨
02.	Joseph E. Obermeyer	¨	¨	¨
03.	Christian G. Wilson	¨	¨	¨

2.To transact such other business, not currently contemplated, that may properly come before the Annual Meeting, or any adjournments or postponements thereof, in the discretion of the proxies or their substitutes.

BAuthorized Signatures ─ This section must be completed for your vote to be counted. ─ Sign and Date Below

Note: Please sign exactly as your name(s) appear(s) on this Proxy Card, and date it. When shares are held jointly, each holder should sign. When signing as attorney, executor, guardian, administrator, trustee, officer of a corporation or other entity or in another representative capacity, please give the full title under the signature.

Date (mm/dd/yyyy) ─ Please print date below

Signature 1 ─ Please keep signature within the box

Signature 2 ─ Please keep signature within the box

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IDE 35048

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