Investment Performance

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PERFORMANCE UPDATE  
 
MISSISSIPPI ORP  
 
Average Annual Total Returns as of 03/31/2018    (shown in percentages)  

 Variable annuities and mutual funds offered through a retirement plan are intended as long-term investments designed for retirement purposes. Money distributed from a 403(b) plan, 401(a)/(k) plan, or a 457 plan will be taxed as ordinary income in the year the money is distributed. Early withdrawals from a 403(b) plan and a 401(a)/(k) plan, if taken prior to age 59 1/2, will be subject to the IRS 10% premature distribution penalty tax, unless an exception applies. This IRS premature distribution penalty tax does not apply to 457 plans. Account values fluctuate with market conditions, and when surrendered the principal may be worth more or less than the original amount invested. 

 The performance data quoted represents past performance.  Past performance does not guarantee future results.  For month-end performance which may be lower or higher than the performance data shown please call 800-584-6001.  Investment return and principal value of an investment will fluctuate so that, when sold, an investment may be worth more or less than the original cost.  

 The returns assume reinvestment of all dividends (ordinary income and capital gains) and are net of management fees and other fund operating expenses. An annual based administrative expense is deducted by Voya from your account quarterly at an annual rate of 0.60% for all T. Rowe Price Funds and 0.65% for Metropolitan West Total Return Bond Fund (T. Rowe Price reimburses Voya 15 basis points and Metropolitan West reimburses Voya 10 basis points for expenses associated in the management of assets held in separate account), and 0.75% for all other mutual funds, so the total administrative expense received by Voya is 0.75%.  The performance data shown below does not reflect the administrative expense. If such fees had been reflected, the performance data shown for each option would have been lower. 

 You should consider the investment objectives, risks and charges, and expenses of the funds carefully before investing.  The prospectus contains this and other information.  Anyone who wishes to obtain a free copy of the fund prospectuses may call their Voya representative or the number above.  Please read the prospectus carefully before investing. 

 Returns less than one year are not annualized.  Fund Inception Date is the date of inception for the underlying fund, and is the date used in calculating the periodic returns.  This date may also precede the portfolio's inclusion in the product. 


 Investment Options 1-Mo 3-Mo YTD 1-Yr 3-Yr 5-Yr10-Yr InceptFund Inception Date Gross Fund Exp %* Net Fund Exp %* 
Stability of Principal   
   Money Market 
BlackRock Liquidity Federal Trust Fund - Inst Shares - 2574 (2)(3)0.110.310.310.930.420.250.3012/03/19900.28 0.17  
The 7-day annualized yield as of 03/31/2018 is 1.45%, which more closely reflects current earnings.  (8) 
   Stability of Principal 
Voya Fixed Plus Account III - 4060 (1)(7)0.250.730.733.003.003.003.06   
Bonds   
   Inflation-Protected Bond 
PIMCO Real Return Fund - Institutional Class - 2695 (4)0.85-1.01-1.010.971.14-0.253.2001/29/19970.64 0.45  
   Intermediate-Term Bond 
Metropolitan West Total Return Bond Fund - Class I Shares - 2287 (5)0.70-1.30-1.301.171.142.035.3403/31/20000.44 0.44  
Asset Allocation   
   Lifecycle 
T. Rowe Price Retirement 2015 Fund - 1685 (6)-0.33-0.27-0.278.455.726.916.3602/27/20040.59 0.59  
T. Rowe Price Retirement 2020 Fund - 1686 (6)-0.44-0.09-0.0910.136.507.926.8709/30/20020.63 0.63  
T. Rowe Price Retirement 2025 Fund - 1687 (6)-0.560.060.0611.497.128.807.2702/27/20040.67 0.67  
T. Rowe Price Retirement 2030 Fund - 1688 (6)-0.760.150.1512.777.719.557.6409/30/20020.69 0.69  
T. Rowe Price Retirement 2035 Fund - 1689 (6)-0.830.260.2613.728.1210.117.8902/27/20040.72 0.72  
T. Rowe Price Retirement 2040 Fund - 1690 (6)-0.910.370.3714.578.4710.518.1209/30/20020.74 0.74  
T. Rowe Price Retirement 2045 Fund - 1691 (6)-1.010.430.4314.858.6210.618.1705/31/20050.74 0.74  
T. Rowe Price Retirement 2050 Fund - 1692 (6)-0.950.450.4514.978.6510.638.1712/29/20060.74 0.74  
T. Rowe Price Retirement 2055 Fund - 1693 (6)-1.010.390.3914.788.6110.608.1512/29/20060.74 0.74  
T. Rowe Price Retirement 2060 Fund - 6980 (6)-1.060.410.4114.878.607.8306/23/20140.74 0.74  
Balanced   
   Allocation--30% to 50% Equity 
T. Rowe Price Retirement Balanced Fund - 1694 -0.11-0.22-0.226.504.685.025.2609/30/20020.56 0.56  
   Allocation--50% to 70% Equity 
Vanguard® Wellington™ Fund - Admiral™ Shares - 8759 -1.11-1.88-1.888.907.519.037.8201/01/19860.16 0.16  
Large Cap Value   
   Large Blend 
American Funds Fundamental Investors® - Class R-6 - 2323 -2.14-0.45-0.4515.4512.3513.839.1708/01/19780.31 0.31  
Vanguard® Total Stock Market Index Fund - Institutional - 2208 -1.98-0.60-0.6013.8510.2013.029.7407/07/19970.04 0.04  
   Large Value 
Vanguard® Equity Income Fund - Admiral™ Shares - 7926 -1.59-2.55-2.5510.4310.1911.759.4008/13/20010.17 0.17  
Large Cap Growth   
   Large Growth 
American Funds The New Economy Fund® - Class R-6 - 1965 -1.115.355.3528.4413.5315.6116.9905/01/20090.47 0.47  
Small/Mid/Specialty   
   Mid-Cap Blend 
Vanguard® Mid-Cap Index Fund - Institutional Shares - 1197 -0.120.000.0012.347.8812.2710.1605/21/19980.05 0.05  
   Small Blend 
Vanguard® Small-Cap Index Fund - Institutional Shares - 1198 1.14-0.21-0.2111.838.0711.6710.7407/07/19970.05 0.05  
   Specialty - Real Estate 
Vanguard® Real Estate Index Fund - Admiral Shares - 802 3.81-8.11-8.11-4.500.765.766.5111/12/20010.12 0.12  
Global / International   
   Diversified Emerging Mkts 
DFA Emerging Markets Core Equity Portfolio - Inst Class - 1913 -0.511.681.6822.149.225.274.3304/05/20050.53 0.53  
   Foreign Large Growth 
Vanguard® International Growth Fund - Admiral™ Shares - 2190 -1.103.423.4231.4112.4411.096.0908/13/20010.32 0.32  
   World Large Stock 
First Eagle Global Fund - Class I - 1156 -0.56-1.08-1.086.706.627.116.9207/31/19980.84 0.84  
 The risks of investing in small company stocks may include relatively low trading volumes, a greater degree of change in earnings and greater short-term volatility. 
 Foreign investing involves special risks such as currency fluctuation and public disclosure, as well as economic and political risks. 
 Some of the Funds invest in securities guaranteed by the U.S. Government as to the timely payment of principal and interest; however, shares of the Funds are not insured nor guaranteed. 
 High yielding fixed-income securities generally are subject to greater market fluctuations and risks of loss of income and principal than are investments in lower yielding fixed-income securities. 
 Sector funds may involve greater-than average risk and are often more volatile than funds holding a diversified portfolio of stocks in many industries. Examples include: banking, biotechnology, chemicals, energy, environmental services, natural resources, precious metals, technology, telecommunications, and utilities. 
 *The Gross Expense Ratios shown do not reflect any temporary fee or expense waivers that may be in effect for a fund. The performance of a fund with a temporary fee or expense waiver would have been lower if the gross fund fees / expenses listed had been reflected. 


ADDITIONAL NOTES 
(1) The current rate for the Voya Fixed Plus Account III MC 901, Fund 4060 is 3.00%, expressed as an annual effective yield. The current rate may change and be higher or lower than the previously identified rate but is guaranteed not to be less than 3.00%. VRIAC will not apply a decrease to the current rate following a rate change initiated solely by us prior to the last day of the three-month period measured from the first day of the month in which such change was effective. Note: The current rate for an initial investment in the fixed account previously identified may be in effect for less than a full three-month period. 

(2) YOU COULD LOSE MONEY BY INVESTING IN THE FUND. ALTHOUGH THE FUND SEEKS TO PRESERVE THE VALUE OF YOUR INVESTMENT AT $1.00 PER SHARE, IT CANNOT GUARANTEE IT WILL DO SO. AN INVESTMENT IN THE FUND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY. THE FUND'S SPONSOR HAS NO LEGAL OBLIGATION TO PROVIDE FINANCIAL SUPPORT TO THE FUND, AND YOU SHOULD NOT EXPECT THAT THE SPONSOR WILL PROVIDE FINANCIAL SUPPORT TO THE FUND AT ANY TIME. 
(3) BlackRock Liquidity Federal Trust Fund - Institutional Shares: BlackRock Advisors, LLC ("BlackRock"), the Fund's investment manager, has contractually agreed to waive fees and/or reimburse ordinary operating expenses in order to keep combined Management Fees and Miscellaneous/Other Expenses (excluding Dividend Expense, Interest Expense, Acquired Fund Fees and Expenses and certain other Fund expenses) from exceeding 0.17% of average daily net assets through February 28, 2019. The agreement may be terminated upon 90 days' notice by a majority of the non-interested trustees of the Trust or by a vote of a majority of the outstanding voting securities of the Fund. 

(4) PIMCO Real Return Fund - Institutional Class: Other Expenses shown in the fund's prospectus include interest expense of 0.19%. Interest expense is borne by the Fund separately from the management fees paid to Pacific Investment Management Company LLC (PIMCO). Excluding interest expense, Total Annual Fund Operating Expenses are 0.45%. 

(5) Metropolitan West Total Return Bond Fund - Class I Shares: Metropolitan West Asset Management, LLC (the "Adviser") has contractually agreed to reduce advisory fees and/or reimburse expenses, including distribution expenses, to limit the Fund's total annual operating expenses (excluding interest, taxes, brokerage commissions, short sale dividend expenses, acquired fund fees and expenses, and any expenses incurred in connection with any merger or reorganization or extraordinary expenses such as litigation) to 0.49%. The Adviser may recoup reduced fees and expenses within three years, subject to any applicable expense limit at the time of recoupment. This contract will remain in place until July 31, 2016. Although it does not expect to do so, the Board of Trustees is permitted to terminate that contract sooner in its discretion with written notice to the Adviser. The expense information in the table has been updated to reflect the amended operating expense limit (effective July 29, 2014) as if it had been in effect during the full fiscal year ending March 31, 2015. 

(6) T.Rowe Price Funds: This fund provides a simplified option for retirement investing including professional management, broad-based diversification, and low-cost management fees. The principal value of the Retirement Funds is not guaranteed at any time, including at or after the target date, which is the approximate date when investors turn age 65. The funds invest in a broad range of underlying mutual funds that include stocks, bonds, and short-term investments and are subject to the risks of different areas of the market. The funds emphasize potential capital appreciation during the early phases of retirement asset accumulation, balance the need for appreciation with the need for income as retirement approaches, and focus more on income and principal stability during retirement. The funds maintain a substantial allocation to equities both prior to and after the target date, which can result in greater volatility. In general, the stock portion of the portfolio is subject to market risk, or falling share prices. The bond portion will be affected by interest rate and credit risk. 

(7) The Investment Option is neither a mutual fund nor part of a Separate Account.  The returns listed do not include the impact of contract charges.  Please refer to the contract or disclosure book to determine which Fixed Interest Options are available for your specific plan.  The Investment Option is offered through Voya Retirement Insurance and Annuity Company. 

(8) The current yield reflects the deduction of all charges that are deducted from the total return quotations shown.   
 Insurance products, annuities and funding agreements issued by Voya Retirement Insurance and Annuity Company, One Orange Way Windsor, CT 06095, (VRIAC), which is solely responsible for meeting its obligations. Plan administrative services provided by VRIAC or Voya Institutional Plan Services, LLC. All companies are members of the Voya family of companies. Securities are distributed by or offered through Voya Financial Partners, LLC (member SIPC) or other broker-dealers with which it has a selling agreement. 




Creation Date: Friday, April 27, 2018

 

Not FDIC/NCUA/NCUSIF Insured I Not a Deposit of a Bank/Credit Union I May Lose Value I Not Bank/Credit Union Guaranteed I Not Insured by Any Federal Government Agency

Insurance products, annuities and retirement plan funding issued by (third party administrative services may also be provided by) Voya Retirement Insurance and Annuity Company ("VRIAC"), Windsor, CT. VRIAC is solely responsible for its own financial condition and contractual obligations. Plan administrative services provided by VRIAC or Voya Institutional Plan Services LLC ("VIPS"). VIPS does not engage in the sale or solicitation of securities. All companies are members of the Voya ® family of companies. Securities distributed by Voya Financial Partners LLC (member SIPC) or third parties with which it has a selling agreement. Custodial account agreements or trust agreements are provided by Voya Institutional Trust Company. All products and services may not be available in all states.