Voya Large Cap Core Value SMA

Approach

The Large Cap Core-Value strategy seeks to outperform its benchmark over a full market cycle via an actively managed approach relying on fundamental research to capture the benefits of high excess capital yield and sustainable dividends.

Investment Objective

To outperform the S&P 500 Index over full market cycles

Investment Philosophy

We believe:

• An investment strategy that captures the benefits of both high-dividend yield and dividend growth is the best way to outperform over various market cycles
  
• An experienced and specialized research team is critical to generating alpha from stock selection
  
• Portfolios built with active risk substantially focused on stock picking deliver a superior performance profile

Investment Process

Our disciplined, bottom-up investment process focuses on high-conviction stock selection. The process begins by identifying companies with strong capital returns prospects through the triangulation of excess capital yield, relative valuation and qualitative insights from our well-tenured analysts. Excess capital yield is a dynamic measure that isolates the "dry powder" available to management to facilitate value creation. Our sector specific analysts focus on the decomposition of excess capital yield and relative multiple deviation in conjunction with our proprietary multi-factor sector models. This allows our analysts to concentrate their efforts on the highest ranked stocks within their respective sectors while finding their highest conviction ideas through in-depth fundamental research and analysis. Portfolio construction is based on the attractiveness each stock, analyst/portfolio manager conviction, and active weights impact on relative risk exposure and relative factor exposures. Gross yield of the portfolio seeks to be at or above the yield of the S&P 500 Index.