As filed with the U.S. Securities and Exchange Commission on October 23, 2026

Securities Act File No. 333-297370

U.S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-14

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

Pre-Effective Amendment No.

Post-Effective Amendment No. 2

VOYA MUTUAL FUNDS

(Exact Name of Registrant as Specified in Charter)

7337 East Doubletree Ranch Road, Suite 100

Scottsdale, Arizona 85258-2034

(Address of Principal Executive Offices)

1-800-992-0180

(Registrant’s Telephone Number, Including Area Code)

Joanne F. Osberg, Esq.

Voya Investments, LLC

7337 East Doubletree Ranch Road, Suite 100

Scottsdale, Arizona 85258-2034

(Name and Address of Agent for Service)

With copies to:

Elizabeth J. Reza, Esq.

Ropes & Gray LLP

Prudential Tower

800 Boylston Street

Boston, Massachusetts 02199-3600

It is proposed that this filing will become effective immediately, pursuant to Rule 462(d)

under the Securities Act of 1933, as amended.

No filing fee is required because an indefinite number of shares have previously been registered pursuant to Rule 24f-2 under the

Investment Company Act of 1940, as amended.

Title of Securities Being Registered: Class W shares of beneficial interest in the series of the registrant designated as Voya Multi-

Manager Emerging Markets Equity Fund.


EXPLANATORY NOTE

The purpose of this filing is to file as an exhibit to the Registrant’s Registration Statement on Form N-14 the opinion of counsel supporting the tax matters and consequences to shareholders in connection with the reorganization of each of Voya Asia Pacific High Dividend Equity Income Fund and Voya Emerging Markets High Dividend Equity Fund, each a closed-end management investment company, with and into Voya Multi-Manager Emerging Markets Equity Fund, a series of Voya Mutual Funds (the “Registrant”), as required by Item 16(12) of Form N-14. Accordingly, this Post Effective Amendment (the “Amendment”) consists only of a facing page, this explanatory note, and Part C of the Registration Statement setting forth the exhibits to the Registration Statement. The Registrant hereby incorporates by reference the Proxy Statement/Prospectus and Statement of Additional Information filed as Parts A and B, respectively, to Registrant’s Form N-14 (File No. 333-297370) filed with the U.S. Securities and Exchange Commission on August 19, 2026. This Amendment does not modify any other part of the Registration Statement.


PART C.
OTHER INFORMATION
Item 15. Indemnification
Article 5, Section 5.02 of the Amended and Restated Declaration of Trust provides for the indemnification of Registrant’s Trustees, officers, employees, and agents against liabilities incurred by them in connection with the defense or disposition of any action or proceeding in which they may be involved or with which they may be threatened, while in office or thereafter, by reason of being or having been in such office, except with respect to matters as to which it has been determined that they acted with willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties involved in the conduct of their office (“disabling conduct”).
Section 9 of Registrant’s Amended and Restated Investment Management Agreement provides for the indemnification of Registrant’s Investment Manager and any Sub-Adviser against all liabilities incurred by it in performing its obligations under the agreement, except with respect to matters involving its disabling conduct.
Section 9 of Registrant’s Distribution Agreement provides for the indemnification of Registrant’s Distributor against all liabilities incurred by it in performing its obligations under the Agreement, except with respect to matters involving its disabling conduct.
Section 4 of the Shareholder Service Agreement provides for the indemnification of Registrant’s Distributor against all liabilities incurred by it in performing its obligations under the Agreement, except with respect to matters involving its disabling conduct.
Registrant has obtained from a major insurance carrier a trustees’ and officers’ liability policy covering certain types of errors and omissions.
Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended (“1933 Act”) may be permitted to trustees, officers, and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the U.S. Securities and Exchange Commission such indemnification is against public policy as expressed in the 1933 Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a trustee, officer, or controlling person of the registrant in the successful defense of any action, suit, or proceeding) is asserted by such trustee, officer, or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it, is against public policy as expressed in the 1933 Act and will be governed by the final adjudication of such issue.
Item 16. Exhibits 
(1)(a)
(1)(b)
(1)(c)
(1)(d)
(1)(e)
C-1

(1)(f)
(1)(g)
(1)(h)
(1)(i)
(1)(j)
(1)(k)
(1)(l)
(1)(m)
(1)(n)
(1)(o)
(1)(p)
(1)(q)
(1)(r)
(1)(s)
C-2

(1)(t)
(1)(u)
(1)(v)
(1)(w)
(1)(x)
(1)(y)
(1)(z)
(1)(aa)
(1)(bb)
(1)(cc)
(1)(dd)
(1)(ee)
(1)(ff)
C-3

(1)(gg)
(1)(hh)
(1)(ii)
(1)(jj)
(1)(kk)
(1)(ll)
(1)(mm)
(1)(nn)
(1)(oo)
(1)(pp)
(1)(qq)
(1)(rr)
(1)(ss)
(1)(tt)
C-4

(1)(uu)
(1)(vv)
(1)(ww)
(1)(xx)
(1)(yy)
(1)(zz)
(1)(aaa)
(1)(bbb)
(1)(ccc)
(1)(ddd)
(1)(eee)
(1)(fff)
(1)(ggg)
(1)(hhh)
C-5

(1)(iii)
(1)(jjj)
(1)(kkk)
(1)(lll)
(1)(mmm)
(1)(nnn)
(1)(ooo)
(1)(ppp)
(1)(qqq)
(1)(rrr)
(1)(sss)
(1)(ttt)
C-6

(1)(uuu)
(1)(vvv)
(1)(www)
(1)(xxx)
(1)(yyy)
(1)(zzz)
(1)(aaaa)
(1)(bbbb)
(1)(cccc)
(1)(dddd)
(1)(eeee)
(1)(ffff)
(1)(gggg)
(1)(hhhh)
C-7

(1)(iiii)
(1)(jjjj)
(1)(kkkk)
(1)(llll)
(1)(mmmm)
(1)(nnnn)
(1)(oooo)
(1)(pppp)
(1)(qqqq)
(1)(rrrr)
(1)(ssss)
(1)(tttt)
(1)(uuuu)
C-8

(1)(vvvv)
(2)
(3)
Not applicable.
(4)
Form of Agreement and Plan of Reorganization by and between Voya Asia Pacific High Dividend Equity Income
Fund and Voya Emerging Markets High Dividend Equity Fund, and Voya Mutual Funds, on behalf of its series,
Voya Multi-Manager Emerging Markets Equity Fund – Attached as Appendix A to the Combined Proxy
Statement/Prospectus.
(5)
Not applicable.
(6)(a)
(6)(a)(i)
(6)(a)(ii)
(6)(b)
(6)(b)(i)
(6)(b)(ii)
(6)(b)(iii)
(6)(c)
(6)(d)
C-9

(6)(d)(i)
(6)(e)
(6)(e)(i)
(6)(f)
(6)(g)
(6)(h)
(6)(i)
(6)(j)
(6)(j)(i)
(6)(k)
(6)(k)(i)
(7)(a)
(7)(a)(i)
(8)
C-10

(9)(a)
(9)(a)(i)
(9)(a)(ii)
(9)(a)(iii)
(9)(a)(iv)
(9)(a)(v)
(9)(a)(vi)
(9)(a)(vii)
(9)(a)(viii)
(9)(a)(ix)
(9)(a)(x)
(9)(a)(xi)
(9)(a)(xii)
(9)(a)(xiii)
(9)(a)(xiv)
C-11

(9)(b)
(9)(b)(i)
(9)(b)(ii)
(9)(b)(iii)
(9)(b)(iv)
(9)(c)
(9)(c)(i)
(9)(c)(ii)
(9)(d)
(9)(d)(i)
(10)(a)
(10)(a)(i)
(10)(b)
(10)(b)(i)
(10)(c)
C-12

(10)(c)(i)
(10)(d)
(10)(d)(i)
(11)
(12)(a)
(12)(b)
(13)(a)
(13)(a)(i)
(13)(a)(ii)
(13)(a)(iii)
(13)(a)(iv)
(13)(a)(v)
(13)(a)(vi)
(13)(a)(vii)
C-13

(13)(a)(viii)
(13)(a)(ix)
(13)(a)(x)
(13)(b)
(13)(b)(i)
(13)(b)(ii)
(13)(b)(iii)
(13)(b)(iv)
(13)(b)(v)
(13)(c)
(14)
(15)
Not applicable.
(16)
(17)
Not applicable.
Item 17. Undertakings
1.
The Registrant agrees that prior to any public reoffering of the securities registered through the use of a prospectus which is a part of this registration statement by any person or party who is deemed to be an underwriter within the meaning of Rule 145(c) under the Securities Act (17 CFR 230.145(c)), the reoffering prospectus will contain the information called for
C-14

by the applicable registration form for the reofferings by persons who may be deemed underwriters, in addition to the information called for by the other items of the applicable form.
2.
The Registrant agrees that every prospectus that is filed under paragraph (1) above will be filed as a part of an amendment to the registration statement and will not be used until the amendment is effective, and that, in determining any liability under the 1933 Act, each post-effective amendment shall be deemed to be a new registration statement for the securities offered therein, and the offering of the securities at that time shall be deemed to be the initial bona fide offering of them.
3.
The Registrant agrees to file an executed copy of the opinion of counsel supporting the tax consequences of the proposed reorganization as an amendment to this Registration Statement within a reasonable time after receipt of such opinion.
C-15


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended (the “1933 Act”), the Registrant certifies that it meets all the requirements for effectiveness of this Registration Statement pursuant to Rule 462(d) under the 1933 Act and has duly caused this Registration Statement on Form N-14 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Scottsdale and the State of Arizona on the 23rd day of October 2026.

VOYA MUTUAL FUNDS

By:

/s/ Joanne F. Osberg

 

Joanne F. Osberg

 

Secretary

Pursuant to the requirements of the 1933 Act, this Registration Statement has been signed below by the following persons in the capacities and on the date indicated.

Signature

Title

Date

Christian G. Wilson*

President, Chief/Principal Executive Officer, and Interested Trustee

October 23, 2026

Todd Modic*

Senior Vice President, Chief/Principal Financial Officer, and

October 23, 2026

 

Assistant Secretary

 

Fred Bedoya*

Vice President, Principal Accounting Officer, and Treasurer

October 23, 2026

Colleen D. Baldwin*

Trustee

October 23, 2026

John V. Boyer*

Trustee

October 23, 2026

Jody T. Foster*

Trustee

October 23, 2026

Dennis A. Johnson*

Trustee

October 23, 2026

Joseph E. Obermeyer*

Trustee

October 23, 2026

Christopher P. Sullivan*

Trustee

October 23, 2026

 

 

Mark R. Wetzel*

Trustee

October 23, 2026

*By: /s/ Joanne F. Osberg Joanne F. Osberg Attorney-in-Fact**

**Powers of Attorney for Christian G. Wilson, Todd Modic, Fred Bedoya, and each Trustee – Filed as an Exhibit to the Registrant’s Form N-14 Registration Statement 333-297370 on July 10, 2026 and incorporated herein by reference.



ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

EXHIBIT (12)(A) IAE TAX OPINION

EXHIBIT (12)(B) IHD TAX OPINION