Voya Financial Announces MyCompass Target Date Investment Solutions Reach $10 Billion AUM Milestone

Key Terms

collective investment trust financial

A collective investment trust is a pooled investment vehicle run by a bank or trust company that gathers money from multiple retirement plans and invests it as a single fund, similar to a neighborhood carpool combining individual trips into one vehicle to save cost. Investors care because pooling lowers fees and simplifies access to diversified strategies for retirement accounts, but these trusts are regulated differently and may have less disclosure than mutual funds.

target date funds financial

A target date fund is an investment fund that automatically shifts its mix of stocks, bonds and cash to become more conservative as it nears a specified year, often the year an investor plans to retire. It matters to investors because it offers a single, hands-off way to align risk with a time-based goal—like a thermostat that gradually lowers risk as the target date approaches—reducing the need for active portfolio management.

glidepath financial

A glidepath is a planned, gradual shift in an investment portfolio’s mix of assets—typically moving from higher-risk stocks to lower-risk bonds or cash as a target date or goal approaches. It matters to investors because it controls how much risk and potential return they take over time, like a cruise control that slowly reduces speed as you near your destination to help avoid sudden stops and protect the value accumulated.

stable value product financial

A stable value product is an investment designed to protect your original money while delivering steady, modest returns over time, often used in retirement accounts. Think of it like a managed savings plan that aims to smooth out the ups and downs of the market so your balance grows predictably; investors care because it reduces volatility in a portfolio, preserves capital, and provides reliable income when avoiding risk is a priority.

guaranteed investment annuity contract financial

A guaranteed investment annuity contract is a promise from an insurance company to pay a specified stream of income or a fixed return in exchange for a lump-sum deposit, similar to handing your savings to a professional who guarantees regular payments. It matters to investors because it offers predictable, low-risk income for retirement or long-term needs, but that safety depends on the insurer’s financial strength and the contract often limits access to the principal and carries fees or penalties for early withdrawal.

WINDSOR, Conn.--(BUSINESS WIRE)-- Voya Financial, Inc. (NYSE: VOYA), announced today that the suite of MyCompass Investment Solutions offered on its recordkeeping platform has reached $10 billion in assets under management (AUM). Launched in the fall of 2019 by Great Gray Trust Company (Great Gray) as trustee, the suite of MyCompass target date funds is available to many of Voya’s Retirement clients. Created to address the unique retirement needs of individual plan participants, MyCompass achieved $2 billion in AUM approximately two years after launch demonstrating the demand for target date products.

“According to Morningstar, over $4.3 trillion in assets are invested in target dates and collective investment trusts as of 2025—showing that these retirement options continue to be popular with employees and investors across America,” said Allison Dirksen, head, Retirement Distribution, Voya Financial. “That said, when MyCompass was designed in collaboration with Great Gray, we knew that a one size fits all approach wouldn’t work to meet the unique goals and needs for plan participants. Therefore, MyCompass provides a number of investment options which underscores our commitment to provide holistic financial wellness solutions that can help all Americans reach a secure financial future.”

Currently, the MyCompass suite consists of three collective investment trust (CIT) target date series, all of which are trusteed by Great Gray and allocate their assets among investment funds managed by industry leaders and include a guaranteed investment annuity contract or stable value product issued by Voya. These suites include:

• MyCompass Target Date Blend Series: A sophisticated multi-manager target-date solution based on Voya Investment Management’s (Voya IM) glidepath that combines multiple asset classes, institutional-quality managers, and both active and passive strategies to deliver diversified allocations aligned with participants' retirement dates.

• MyCompass Index Fund Series: Combines Great Gray’s retirement planning capabilities along with glidepath services from BlackRock, including Voya IM’s own industry leading stable-value capabilities. In addition to a competitive expense structure and integrated enrollment experience, the solution also offers participants added protection against market volatility and uncertainty.

• MyCompass American Funds Series: A collaboration among Great Gray, Voya IM’s and Capital Group to deliver a target date investment approach that draws upon the American Funds Target Date Retirement Series distinctive glidepath approach. The series features a "glide path within a glide path" that adjusts the mix of fixed income and equities exposures over time to generate returns and manage risk. The building blocks are American Funds actively managed equity and fixed income, along with an allocation to Voya IM's industry leading stable-value capabilities.

As an industry leader focused on the delivery of benefits, savings, and investment solutions to and through the workplace, Voya Financial is committed to its purpose of, together, fighting for everyone’s opportunity for a better financial future.

About Voya Financial^®
Voya Financial, Inc. (NYSE: VOYA) is a leading retirement, employee benefits and investment management company. Voya’s services and solutions help clear the path to financial confidence and a more fulfilling life for approximately 15.7 million individual, workplace and institutional clients. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya fosters a culture that values customer centricity, integrity, accountability, agility and inclusivity. Together with customers and partners, Voya employees fight for everyone's opportunity for a better financial future. For more information visit voya.com and follow Voya Financial on LinkedIn, Facebook and Instagram.

About Great Gray^®
Great Gray Trust Company, LLC serves as Trustee for its bank collective investment funds (“Funds”) and maintains ultimate fiduciary authority over the management of, and investments made in, the Funds. The Funds are not mutual funds as the Funds and their units are exempt from registration under the Investment Company Act of 1940 and the Securities Act of 1933, respectively.

Investments in the Funds are not bank deposits or obligations of and are not insured or guaranteed by Great Gray Trust Company, LLC, any bank, the FDIC, the Federal Reserve, or any other governmental agency. The Funds are commingled investment vehicles, and as such, the values of the underlying investments will rise and fall according to market activity; it is possible to lose money by investing in the Funds.

Participation in Collective Investment Trust Funds is limited primarily to qualified retirement plans and certain state or local government plans and is not available to IRAs, non-governmental health and welfare plans and, in certain cases, Keogh (H.R. 10) plans. Collective Investment Trust Funds may be suitable investments for plan fiduciaries seeking to construct a well-diversified retirement savings program. Investors should consider the investment objectives, risks, charges, and expenses of any pooled investment fund carefully before investing.

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Media Contact:

Kris Kagel

Voya Financial

Cell: (201) 221-6534

Kristopher.kagel@voya.com

Source: Voya Financial, Inc.