Voya Core Plus Fixed Income SMA

Approach

The Core Plus Fixed Income strategy employs a total return approach, investing across the full spectrum of the fixed income market, including up to 20% in below investment grade securities.

Investment Philosophy

We believe market complexity, investor segmentation and the inefficiencies of fixed income markets create a rich opportunity set to invest across a broad fixed income universe to generate outperformance.

The following key beliefs underpin our investment philosophy:

Security selection is a significant driver of risk and returns
Nimble sector and sub-sector allocations capture relative value
Risk management is critical throughout the entire investment process

Investment Process

The strategy invests across primarily U.S. fixed income universe via individual securities and completion vehicles. Sectors include investment grade corporates, U.S. Treasuries and agencies, senior bank loans, securitized credit, agency mortgages, and emerging market debt.

Typical number of bonds: 10-40
Individual bonds: BBB- at time of purchase
Maximum 50% total allocation to completion vehicles; typically used to gain diversified exposure to less accessible sectors, including senior loans, emerging markets debt, and securitized assets
Maximum 20% total allocation to below investment grade corporates

Portfolio Details

Typical number of bonds: 10-40
Individual bonds: BBB- at time of purchase
Maximum 50% total allocation to completion vehicles; typically used to gain diversified exposure to less accessible sectors, including senior loans, emerging markets debt, and securitized assets
Maximum 20% total allocation to below investment grade corporates

Performance

Performance data for this strategy is not available at this time.

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.

"Gross Returns" are presented before the deduction of transaction costs and should be used as Supplemental Information only. "Net Returns" are calculated by subtracting a hypothetical maximum total wrap fee (estimated at 1.50% per annum) from the monthly "pure" gross-of-fee returns. For periods from January 2007 to June 2021 the hypothetical maximum fee was 2.00% per annum. The total wrap fee includes transaction costs, portfolio management, investment advisory, custodial and other administrative costs. Wrap fees vary amongst brokerage firms and may be negotiated based on account size and other factors. The hypothetical maximum total wrap fee used is deemed to be the maximum fee charged to any composite account but we cannot guarantee accuracy. More information about fees can be found in the Form ADV Part II of Voya Investment Management Co.