Voya High Yield SMA

Summary

The High Yield strategy seeks to maximize total return over a full market cycle via a broadly diversified and well-balanced approach to discovering risk-adjusted opportunities throughout the below investment grade corporate bond sector.

Objective*

Seeks to generate total return through a combination of current income and capital appreciation.

Investment Process

Our process emphasizes rigorous fundamental research and bottom-up security selection, while seeking to provide multiple sources of alpha and  consistent outperformance across market cycles. The strategy is positioned in the higher quality tier of the high yield market with security selection serving as the primary driver of returns.

  • Security Selection: Specific issuer and issue positions based on fundamental research and relative value analysis  ̶  biggest alpha opportunity is to avoid the worst return outcomes
  • Market Themes: Broad investment themes help shape our portfolio positioning both within and across industry sectors
  • Voya IM Fixed Income Team: Macroeconomic and market views from across the Voya IM Fixed Income Team help shape investment themes and guide overall risk appetite

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

Past performance does not guarantee future results. There is no guarantee that any forecasts or opinions in this material will be realized. Manager commentary is for informational purposes only and does not constitute investment advice and is not a recommendation to purchase or sell any of the securities referenced.