Stable Value | Voya Investment Management
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Strategy Brief

Stable Value

Approach

A suite of products that employ a total return approach, investing primarily in investment grade corporate bonds, U.S. government bonds, and/or AAA-rated securitized assets. 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

  • Experience: Over 30 years of continuously managing and wrapping stable value portfolios
  • Specialized Portfolio Management: We partner with clients and wrap providers to optimize guidelines, with the ability to use non-traditional fixed income sectors (i.e., Privates, Mortgage Loans, Bank Loans) to diversify exposures and enhance crediting rates
  • Full Transparency: We provide transparency beyond crediting rates and market-to-book value ratios, including portfolio positioning, holdings, and performance (both absolute & relative to benchmark)

Related Resources

Approach

A suite of products that employ a total return approach, investing primarily in investment grade corporate bonds, U.S. government bonds, and/or AAA-rated securitized assets. 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

  • Experience: Over 30 years of continuously managing and wrapping stable value portfolios
  • Specialized Portfolio Management: We partner with clients and wrap providers to optimize guidelines, with the ability to use non-traditional fixed income sectors (i.e., Privates, Mortgage Loans, Bank Loans) to diversify exposures and enhance crediting rates
  • Full Transparency: We provide transparency beyond crediting rates and market-to-book value ratios, including portfolio positioning, holdings, and performance (both absolute & relative to benchmark)

Performance

Performance

As of 12/31/25 1 Mo 3 Mo YTD 1Yr 3Yr 5Yr 10Yr Since Inception (4/01/91)
Gross 0.15 1.46 7.63 7.63 5.26 1.39 2.12 4.81
Net 0.13 1.40 7.40 7.40 5.03 1.16 1.89 4.44
Index* 0.37 1.66 7.69 7.69 4.88 1.00 1.72 4.49

* Custom Index (3.5 YR)

Literature

Investment Team

Paul Buren

Paul Buren , CFA

Senior Vice President, Portfolio Manager

Years of Experience: 22

Years with Voya: 20

Biography

Disclosures

Principal Risk

The principal risks of the underlying strategies 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, 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 underlying strategies 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. High yield bonds carry particular market risks and may experience greater volatility in market value than investment grade bonds. Foreign investments could be riskier than U.S. investments because of exchange rate, political, economics, liquidity, and regulatory risks. Additionally, investments in emerging market countries are riskier than other foreign investments because the political and economic systems in emerging market countries are less stable.

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