Enhanced Long Duration Government/Credit

Approach

The Voya Enhanced Long Duration Government/Credit strategy seeks total return approach, investing across full spectrum of investment grade-rated public and private corporate credit, government bonds, and securitized assets.

Key Benefits

  • Expanded investment universe mitigates issuer concentrations found in long duration indices and may add additional diversification benefits
  • Stronger potential to mitigate downside due to structural enhancements of private credit that may lead to lower credit losses
  • Potential yield pick-up from private credit through upfront spread advantage and non-coupon income; prepayment and/or amendment fees

Performance

Performance

As of 5/31/211 Month3 MonthYTD1yr3yr5yr10yrSince Inception (4/01/18)
Composite Gross0.79-0.48-7.52-2.609.45--8.74
Composite Net0.77-0.55-7.62-2.859.17--8.45
Index*0.81-0.94-7.91-3.768.43--7.68
Gross Excess Return-0.020.460.391.161.02--1.05

* Bloomberg Barclays U.S. Long Government/Credit 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.

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

Investment Team

Sean Banai

Sean Banai, CFA

Head of Portfolio Management

Years of Experience: 22

Years with Voya: 22

Sean Banai is head of portfolio management for the fixed income platform at Voya Investment Management. Previously, Sean was a senior portfolio manager and before that head of quantitative research for proprietary fixed income. Prior to joining the firm in 1999, he was a partner in a private sector company. Sean received a BA and an MS in actuarial science from Georgia State University. He holds the Chartered Financial Analyst® designation.
Randy Parrish

Randy Parrish, CFA

Head of Public Credit

Years of Experience: 31

Years with Voya: 20

Randy Parrish is a managing director and head of public credit at Voya Investment Management, overseeing the investment grade and emerging market teams. Previously at Voya, Randy was head of high yield and served as a portfolio manager and analyst on the high yield team. Prior to joining Voya, he was a corporate banker in leveraged finance with SunTrust Bank and predecessors to Bank of America. Randy earned a BBA in business administration from the University of Georgia and is a CFA® Charterholder.
Bob Kase

Bob Kase, CFA

Senior Portfolio Manager

Years of Experience: 37

Years with Voya: 14

Bob Kase is a senior portfolio manager at Voya Investment Management. Previously at Voya, he was the co-lead portfolio manager for proprietary investments investment grade credit. Prior to joining Voya, Bob managed corporate, ABS and CMBS for SunTrust Bank. Prior to that, Bob was a senior portfolio manager for American General. Bob earned an MBA from Georgia State University and a BS from Georgia Tech. He is a CFA® Charterholder.
Anil Katarya

Anil Katarya, CFA

Global Head of Investment Grade Credit

Years of Experience: 23

Years with Voya: 21

Anil Katarya is global head of investment grade credit and senior portfolio manager at Voya Investment Management. Previously at Voya, Anil was the head of credit portfolio management and served as a portfolio manager and credit analyst on the investment grade team. Prior to joining Voya, Anil was a financial analyst for Mirant Inc. He earned an MBA from Georgia State University and a BS in mechanical engineering from Kurukshetra University, India. He is a CFA® Charterholder.
Travis King

Travis King, CFA

Head of U.S. Investment Grade Corporates

Years of Experience: 23

Years with Voya: 16

Travis King is head of U.S. investment grade corporates at Voya Investment Management. Prior to joining Voya, he was a senior fixed income analyst with Reams Asset Management. Travis earned an MBA from Memorial University, Canada and a BBA from James Madison University. He is a CFA® Charterholder.
Virginia O'Kelley

Virginia L O'Kelley, CFA

Senior Vice President, Portfolio Manager, Private Credit

Years of Experience: 20

Years with Voya: 16

Virginia O'Kelley is the portfolio manager for the private credit team at Voya Investment Management, responsible for underwriting and managing the private investments on behalf of Voya’s third party clients. She is a direct investor in the asset class and has experience reviewing transactions across multiple sectors and geographies. Prior to joining Voya, Virginia was with Wells Fargo Corporation holding various analyst positions. Virginia earned an MBA with honors from the Goizueta Business School at Emory University and a BS with honors from the University of North Carolina - Chapel Hill. She is a CFA® Charterholder.

Disclosures

Principal Risks

The principal risks 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, counterparty 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 strategy may invest in mortgage-related securities, which can be repaid 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.