Approach
The Global Bond strategy Invests in broad global bond sectors including a wide range of debt and currency instruments. 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
- A blended and diversified investment process driven by fundamental analysis for duration, yield curve and macro-economic factors and quantitative analysis for currency management and sector relative value analysis
- May invest in bonds and currencies of more than 20 different countries in seeking to exploit inefficiencies in markets around the world
- Proprietary risk budgeting and management tools guide portfolio construction
Performance
Performance
| As of 8/31/20 | 1 Month | 3 Month | YTD | 1yr | 3yr | 5yr | 10yr | Since Inception (8/01/06) |
|---|---|---|---|---|---|---|---|---|
| Composite Gross | 0.46 | 6.04 | 4.97 | 5.40 | 4.15 | 5.42 | 3.39 | 5.70 |
| Composite Net | 0.43 | 5.97 | 4.76 | 5.09 | 3.82 | 5.08 | 3.03 | 5.31 |
| Index* | -0.15 | 3.95 | 6.11 | 5.54 | 3.91 | 4.10 | 2.63 | 3.91 |
| Gross Excess Return | 0.61 | 2.10 | -1.13 | -0.13 | 0.25 | 1.32 | 0.76 | 1.79 |
* Bloomberg Barclays Global 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
Voya IM Fixed Income Profile
Approved For: Financial Professional or Qualified Institutional Investor Use Only
Voya Global Bond Strategy Brief
Q2 2020
Includes Investment Commentary
Approved For: Financial Professional or Qualified Institutional Investor Use Only
Investment Team
Matt Toms, CFA
Chief Investment Officer, Fixed Income
Years of Experience: 26
Years with Voya: 11
Matt Toms is the chief investment officer of fixed income at Voya Investment Management. In this role, he leads a team of more than 100 investment professionals, with broad oversight of Voya’s fixed income platform as well as business management responsibilities. As CIO, Matt serves as the chair of the Fixed Income Asset Allocation Committee, a group that formulates the fixed income platform’s strategic investment themes that in turn informs strategy and risk budgeting across public fixed income portfolios. Matt is also a member of the Investment Committee that is represented by the CIOs from across Voya Investment Management. 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. Prior to joining the firm, Matt worked at Calamos Investments, where he built their fixed income business. He also has prior portfolio management experience at Northern Trust and Lincoln National. Matt received a BBA from the University of Michigan and holds the Chartered Financial Analyst® designation.
Brian Timberlake, PhD, CFA
Head of Fixed Income Research
Years of Experience: 17
Years with Voya: 17
Brian Timberlake is the head of fixed income research at Voya Investment Management and is responsible for managing the organization’s global fixed income research analysts as well as the coordination of macroeconomic data across the fixed income platform. His team is responsible for macro and quantitative fixed income research and provides additional assistance to individual sector groups and the risk management team. In addition, Brian is a named portfolio manager on several global and opportunistic fixed income products. Previously, he was the head of quantitative research where he helped develop an integrated, automated tool for interest rate hedging, created multifactor risk models, and was integral to the design and monitoring of customized client portfolios. Prior to that he was a senior quantitative analyst at Voya. Brian received a BS in chemical engineering from the University of Maryland, an MS in quantitative and computational finance from the Georgia Institute of Technology and a PhD in chemical engineering from the Georgia Institute of Technology. He holds the Chartered Financial Analyst® designation.
Sean Banai, CFA
Head of Portfolio Management
Years of Experience: 21
Years with Voya: 21
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.
Disclosures
Principal Risks
Foreign investing poses special risks, including currency fluctuation, and economic and political risks not found in solely domestic investments. Emerging market securities may be especially volatile. The strategy may use derivatives such as options and futures, which can be illiquid and may disproportionately increase losses and have a potentially large impact on performance. The strategy is subject to both credit and interest rate risk. The share price and yield will be affected by interest rate movements, with bond prices generally moving in the opposite direction from interest rates. High yield, below-investment-grade debt securities may include issues that are highly speculative and more volatile. To the extent that the strategy invests in mortgage-related securities, its exposure to prepayment and extension risks may be greater than investments in other fixed income securities. Other risks include but are not limited to borrowing/leverage risks, debt securities risks, non-diversification risks, risks associated with other investment companies, price volatility risks, inability to sell securities risks and portfolio turnover risks.