Approach
Key Benefits
- Experience: Over 30 years of continuously managing and wrapping stable value portfolios
- Specialized Portfolio Management: We partner with clients and wrap providers to optimize guidelines, with the ability to use non-traditional fixed income sectors (i.e., Privates, Mortgage Loans, Bank Loans) to diversify exposures and enhance crediting rates
- Full Transparency: We provide transparency beyond crediting rates and market-to-book value ratios, including portfolio positioning, holdings, and performance (both absolute & relative to benchmark)
Performance
Performance
| As of 3/31/24 | 1 Month | 3 Month | YTD | 1yr | 3yr | 5yr | 10yr | Since Inception (4/01/91) |
|---|---|---|---|---|---|---|---|---|
| Composite Gross | 0.68 | -0.30 | -0.30 | 2.95 | -1.02 | 0.82 | 1.46 | 4.73 |
| Composite Net | 0.66 | -0.35 | -0.35 | 2.73 | -1.24 | 0.60 | 1.22 | 4.35 |
| Index* | 0.85 | -0.60 | -0.60 | 2.69 | -1.37 | 0.38 | 1.07 | 4.41 |
* Custom Index (3.5 YR)
Past performance does not guarantee future results.
Periods greater than one year are annualized. Performance data is considered final unless indicated as preliminary. Monthly performance is based on full GIPS Composite returns. Access the GIPS page for full composite details.
The Composite performance information represents the investment results of a group of fully discretionary accounts managed with the investment objective of outperforming the benchmark. Information is subject to change at any time. Gross returns are presented after all transaction costs, but before management fees. Returns include the reinvestment of income. Net performance is shown after the deduction of a model management fee equal to the highest fee charged.
Literature
Voya Stable Value Strategy Brief
Date: March 31, 2024
Includes Investment Commentary
Approved For: Financial Professional or Qualified Institutional Investor Use Only
Voya IM Fixed Income Profile
Date: December 31, 2023
Approved For: Financial Professional or Qualified Institutional Investor Use Only
Investment Team
Matt Toms, CFA
Chief Executive Officer
Years of Experience: 30
Years with Voya: 15
Sean Banai, CFA
Head of Portfolio Management
Years of Experience: 25
Years with Voya: 25
Paul Buren, CFA
Senior Vice President, Portfolio Manager
Years of Experience: 20
Years with Voya: 18
Disclosures
Principal Risk
The principal risks of the underlying strategies are generally those attributable to investing in stocks, bonds and related derivative instruments, and short selling. 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 underlying strategies 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. High yield bonds carry particular market risks and may experience greater volatility in market value than investment grade bonds. Foreign investments could be riskier than U.S. investments because of exchange rate, political, economics, liquidity, and regulatory risks. Additionally, investments in emerging market countries are riskier than other foreign investments because the political and economic systems in emerging market countries are less stable.