Core Fixed Income

Approach

The Core Fixed Income strategy employs a multi-sector total return approach, investing exclusively in investment grade securities. We believe that intensive security level research paired with a broadly informed awareness of the economic and credit cycle is critical to identifying superior investment opportunities and managing downside risk.

Key Benefits

  • Top-down macro themes shape overall strategy and provide context for our bottom-up security selection
  • Balanced emphasis on quantitative and qualitative inputs foster strong checks and balances and validation for our investment themes
  • Proprietary risk budgeting and management tools guide portfolio construction
  • Historically competitive absolute and risk-adjusted performance over time

Performance

Performance

As of 10/31/181 Month3 MonthYTD1yr3yr5yr10yrSince Inception (2/01/98)
Composite Gross-0.67-0.60-1.89-1.531.612.254.224.78
Composite Net-0.69-0.67-2.10-1.781.341.963.904.44
Index*-0.79-0.79-2.38-2.051.041.833.944.62
Gross Excess Return0.120.190.480.520.570.410.280.17

* Bloomberg Barclays U.S. Aggregate 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

Fixed Income Capabilities Guide

Voya exploits alpha opportunities across the fixed income spectrum, with differentiated capabilities beyond traditional sectors.

Approved For: Financial Professional or Qualified Institutional Investor Use Only

Investment Team

Matt Toms

Matt Toms, CFA

Chief Investment Officer, Fixed Income

Years of Experience: 9

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Matt Toms is chief investment officer of fixed income at Voya Investment Management. In this role, he leads a team of more than 100 investment professionals. Before becoming CIO, Matt was head of public fixed income at Voya Investment Management, overseeing the investment teams responsible for investment grade corporate, high yield corporate, structured products, mortgage-backed securities, emerging market debt and money market strategies for Voya’s general account and third-party business. In this capacity, Matt led the fixed income investment strategy and portfolio management process in close partnership with Christine Hurtsellers, former CIO of fixed income and now chief executive officer of Voya Investment Management; he also served as a lead portfolio manager on many of Voya's multi-sector fixed income strategies. Prior to joining the firm, Matt worked with Calamos Investments, where he established and grew their fixed income business. He also has prior experience with Northern Trust and Lincoln National within both public and private corporate markets as well as across multi-sector and global bond portfolio management. Matt received a BBA from the University of Michigan and holds the Chartered Financial Analyst® designation

Sean Banai

Sean Banai, CFA

Head of Portfolio Management

Years of Experience: 19

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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.

Bob Kase

Bob Kase, CFA

Senior Portfolio Manager

Years of Experience: 11

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Bob Kase is a senior portfolio manager at Voya Investment Management. Previously, he was the co-lead portfolio manager for proprietary investments investment grade credit. Before joining the firm, he managed corporate, ABS and CMBS for SunTrust Bank. He began his career as a senior portfolio manager at CL Capital Management, followed by a stint as a senior portfolio manager for American General. Bob received a BS from Georgia Tech and an MBA from Georgia State University. He holds the Chartered Financial Analyst® designation.

Dave Goodson

Dave S Goodson

Head of Securitized

Years of Experience: 16

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Dave Goodson is head of securitized fixed income and a senior portfolio manager for Voya Investment Management’s non-agency and agency mortgage-backed securities, commercial mortgage-backed securities and asset-backed securities strategies. Prior to joining the firm, he was a principal at an independent investment bank focused on asset-backed commercial paper transactions. Dave began his career as a vice president in Wachovia Securities’ asset-backed finance group, marketing and executing securitizations for the bank’s corporate clients. He received a BS in management from the Georgia Institute of Technology.

Randy Parrish

Randy Parrish, CFA

Head of Credit

Years of Experience: 17

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Randy Parrish is head of credit and a senior high yield portfolio manager at Voya Investment Management. As head of credit, Randy oversees the high yield, investment grade and emerging market teams. Previously, Randy was head of high yield and served as a portfolio manager and analyst on the high yield team since joining Voya in 2001. Prior to joining the firm, he was a corporate banker in leveraged finance with SunTrust Bank and predecessors to Bank of America. Randy received a BBA in business administration from the University of Georgia and holds the Chartered Financial Analyst® designation.

Principal Risks

The principal risks are generally those attributable to bond investments. Holdings are subject to market, issuer, credit, prepayment, extension 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 paid off 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.