Investment Management

Core

Portfolio Managers

Christine Hurtsellers, CFA Photo

Christine Hurtsellers, CFA

Chief Executive Officer, Voya Investment Management

Matt Toms, CFA Photo

Matt Toms, CFA

Chief Investment Officer, Fixed Income

Sean Banai, CFA Photo

Sean Banai, CFA

Head of Portfolio Management

Bob Kase, CFA Photo

Bob Kase, CFA

Senior Portfolio Manager

Summary

Multi-sector total return approach, investing only in investment-grade securities.

Objective

To outperform the Bloomberg Barclays U.S. Aggregate Index by 0.75% over a full credit cycle with annualized tracking error of 1.00%.

Process

Our investment process involves a focus on macro themes, which are incorporated as the top-down element of the decision-making process. Quantitative and fundamental analysis are combined in the disciplined, bottom-up security selection approach. Feedback loops across all teams ensure that all elements are continuously connected. Strong risk budgeting, risk management and compliance capabilities ensure quality checks and balances. Ultimately, we seek consistently competitive returns appropriate to each client's mandate and risk tolerance.

Competitive Advantage

  • Top-down macro themes shape overall strategy and provide context for our bottom-up security selection
  • Balanced emphasis on quantitative and qualitative inputs foster strong checks and balances and validation for our investment themes
  • Proprietary risk budgeting and management tools guide portfolio construction
  • Competitive performance over time and within each component of the portfolio

Principal Risks

The principal risks are generally those attributable to bond investments. Holdings are subject to market, issuer, credit, prepayment, extension and other risks, and their values may fluctuate. Market risk is the risk that securities may decline in value due to factors affecting the securities markets or particular industries. Issuer risk is the risk that the value of a security may decline for reasons specific to the issuer, such as changes in its financial condition. The strategy may invest in mortgage-related securities, which can be paid off early if the borrowers on the underlying mortgages pay off their mortgages sooner than scheduled. If interest rates are falling, the strategy will be forced to reinvest this money at lower yields. Conversely, if interest rates are rising, the expected principal payments will slow, thereby locking in the coupon rate at below-market levels and extending the security’s life and duration while reducing its market value.

*There is no guarantee that this objective will be achieved.

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