Voya Investors Trust

06/04/2025 | Press release | Distributed by Public on 06/04/2025 06:47

Prospectus by Investment Company (Form 497)

VOYA INVESTORS TRUST

VY® T. Rowe Price Capital Appreciation Portfolio

(the "Portfolio")

Supplement dated June 4, 2025

to the Portfolio's Adviser Class, Institutional Class, Class R6, Service Class, and Service 2 Class Shares'

Summary Prospectus and Prospectus, each dated May 1, 2025

(together the "Prospectuses")

Effective June 30, 2025, Vivek Rajeswaran, Mike Signore, and Brian Solomon, CFA will be added as portfolio managers for the Portfolio.

Effective June 30, 2025, the Prospectuses are revised as follows:

1.The sub-section of the Prospectuses entitled "Portfolio Management - Portfolio Manager" in the Portfolio's Summary Section is deleted in its entirety and replaced with the following:

Portfolio Managers

David R. Giroux, CFA

Vivek Rajeswaran

Portfolio Manager (since 07/06)

Portfolio Manager (since 06/25)

Mike Signore

Brian Solomon, CFA

Portfolio Manager (since 06/25)

Portfolio Manager (since 06/25)

2.The table in the sub-section of the Prospectus entitled "Management of the Portfolios - Portfolio Management" is amended to include the following:

Portfolio

Investment Adviser or

Portfolio

Professional Experience

Manager

Sub-Adviser

Vivek

T. Rowe Price IM

VY® T. Rowe Price

Mr. Rajeswaran, Portfolio

Rajeswaran

Capital Appreciation

Manager, joined T. Rowe

Portfolio

Price IM in 2012, and his

investment experience

dates from that time. During

the past five years, he has

served as an analyst in the

U.S. Equity Division, an

associate portfolio manager

(beginning in 2023), and a

portfolio manager

(beginning in March 2025).

Mike Signore

T. Rowe Price IM

VY® T. Rowe Price

Mr. Signore, Portfolio

Capital Appreciation

Manager, worked for T.

Portfolio

Rowe Price IM from 2015 to

2018 and returned in 2020,

and his investment

experience dates from

2010. During the past five

years, he has served as an

analyst in the U.S. Equity

Division, an associate

portfolio manager

(beginning in 2023), and a

portfolio manager

(beginning in March 2025).

1

Brian Solomon,

T. Rowe Price IM

VY® T. Rowe Price

Mr. Solomon, Portfolio

CFA

Capital Appreciation

Manager, joined T. Rowe

Portfolio

Price IM in 2015 and his

investment experiences

dates from that time. During

the past five years, he has

served as an analyst in the

U.S. Equity Division, an

associate portfolio manager

(beginning in 2023), and a

portfolio manager

(beginning in March 2025).

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

2


VOYA INVESTORS TRUST

VY® T. Rowe Price Capital Appreciation Portfolio

(the "Portfolio")

Supplement dated June 4, 2025

to the Portfolio's Adviser Class, Institutional Class, Class R6, Service Class, and Service 2 Class Shares'

Statement of Additional Information, dated May 1, 2025

(the "SAI")

Effective June 30, 2025, Vivek Rajeswaran, Mike Signore, and Brian Solomon, CFA will be added as portfolio managers for the Portfolio.

Effective June 30, 2025, the SAI is revised as follows:

1.The table in the sub-section of the SAI entitled "Portfolio Management - Other Accounts Managed" is amended to include the following:

T.Rowe Price

Registered Investment

Other Pooled

Other Accounts

Portfolio

Companies

Investment Vehicles

Number of

Total

Number of

Total

Number of

Total

Manager

Portfolio(s)

Accounts

Assets

Accounts

Assets

Accounts

Assets

Vivek

VY® T.

0

$0

0

$0

0

$0

Rajeswaran1

Rowe Price

Capital

Appreciation

Portfolio

Mike Signore1

VY® T.

0

$0

0

$0

0

$0

Rowe Price

Capital

Appreciation

Portfolio

Brian Solomon,

VY® T.

0

$0

0

$0

0

$0

CFA1

Rowe Price

Capital

Appreciation

Portfolio

1Added as a Portfolio Manager as of June 30, 2025.

2.The table in the sub-section of the SAI entitled "Portfolio Management - Ownership of Securities" is amended to include the following:

Dollar

Portfolio

Investment Adviser or Sub-

Portfolio(s) Managed by

Range of

Shares

Manager

Adviser

the Portfolio Manager

Owned

Vivek

T. Rowe Price Investment

VY® T. Rowe Price Capital

None

Rajeswaran3

Management, Inc.

Appreciation Portfolio

Mike Signore3

T. Rowe Price Investment

VY® T. Rowe Price Capital

None

Management, Inc.

Appreciation Portfolio

Brian Solomon,

T. Rowe Price Investment

VY® T. Rowe Price Capital

None

CFA3

Management, Inc.

Appreciation Portfolio

3Added as a Portfolio Manager as of June 30, 2025.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

1


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