Voya Strategic Income SMA

Approach

The Voya Strategic Income strategy employs an unconstrained, multi-sector fixed income strategy focused on maximizing total return by seeking risk-adjusted opportunities across the globe.

Portfolio Details

Invests across the global fixed income universe via individual securities and completion vehicles. Sectors include investment grade corporates, U.S. Treasuries and agencies, senior bank loans, high yield bonds, securitized credit, and emerging market debt.

Maximum 50% total allocation to completion vehicle; typically used to gain diversified exposure to less accessible sectors, including senior loans, emerging markets debt, and securitized credit
Maximum 50% total allocation to below investment grade corporates; helps limit the strategy's credit risk and correlation to equity
Portfolio's duration will range between 2 to 4 years

Investment Process

Supported by a seasoned team of fixed income professionals, our three-step process leverages the collective insights from across Voya’s Fixed Income platform, incorporating both top-down and bottom-up research insights. First, the Investment Committee establishes the macro view and assesses the current risk regime. This assessment includes an estimate of "achievable alpha", which in turn influences the team’s recommended risk posture. Next, the Multi-Sector Portfolio Management team discusses the investment themes and target risk profile to construct a model portfolio incorporating the strategy’s guidelines and objectives. Finally, individual sector teams are then responsible for identifying and trading specific bonds.

Investment Philosophy

We believe an unconstrained fixed income strategy should provide a more stable and resilient long-term investor's experience.

Focused on maximizing risk-adjusted returns by using flexibility to avoid prevailing market risks
Unconstrained approach to portfolio construction, not unconstrained risk
Security selection and sector allocation are primary drivers of return; limited use of duration and currency positioning to mitigate volatility
Aim to maintain low correlations to global interest rates/traditional fixed income and volatile equity markets
Leverages robust and collaborative macro process coupled with industry leading security selection by each individual sector team

Performance

As of 9/30/25	1 Month	3 Month	YTD	1yr	3yr	5yr	10yr	Since Inception (3/01/18)
Gross	0.46	1.60	5.29	5.09	6.08	2.51	-	3.04
Net	0.34	1.22	4.13	3.55	4.52	0.93	-	1.30
Index*	0.51	1.80	5.83	5.53	7.19	2.91	-	3.63

* Strategic Income SMA Custom Index

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.