INFORMATION ON THE TCM SMALL CAP GROWTH FUND

On November 23, 2021, Voya Investment Management ("Voya IM"), the asset management business of Voya Financial, Inc., announced that it had signed a definitive agreement to acquire the investment advisory business and certain other assets of small-cap growth specialist Tygh Capital Management ("TCM"), the investment advisor to the TCM Small Cap Growth Fund (the "TCM Fund” or "Predecessor Fund").  On the same date, the TCM Fund filed a supplement to its prospectus disclosing that the Board of the TCM Fund (the "Board") had approved Voya IM as the interim advisor to the TCM Fund effective simultaneously with the closing of the acquisition of TCM, which occurred on January 1, 2022.  The Board also approved a proposed reorganization of the TCM Fund with and into the Voya Small Cap Growth Fund (the “Voya Fund” or “Successor Fund”).  The reorganization of the TCM Fund with and into the Voya Fund was approved by TCM Fund shareholders at a March 15, 2022 shareholder meeting.  The newly-formed Voya Fund launched on April 4th, 2022 and on that date all shareholders of the TCM Fund became shareholders of the Voya Fund, holding shares of the Voya Fund having an aggregate net asset value equal to aggregate net asset value of the shares of the TCM Fund owned on the prior business day.  For more information about this reorganization, the TCM Fund as of March 31, 2022 and the new Voya Fund, please visit