Stable Value | Voya Investment Management
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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)

Performance

Performance

As of 10/31/24 1 Month 3 Month YTD 1yr 3yr 5yr 10yr Since Inception (4/01/91)
Gross -2.03 0.34 2.87 8.79 0.15 0.70 1.53 4.74
Net -2.05 0.29 2.68 8.55 -0.07 0.48 1.30 4.36
Index* -2.03 0.06 1.93 8.24 -0.23 0.19 1.07 4.41

* Custom Index (3.5 YR)

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 Multi-Sector

Years of Experience: 25

Years with Voya: 25

Sean Banai is head of multi-sector 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.
Paul Buren

Paul Buren, CFA

Senior Vice President, Portfolio Manager

Years of Experience: 20

Years with Voya: 18

Paul Buren is a fixed income portfolio manager at Voya Investment Management, responsible for the portfolio construction of the multi-sector fixed income strategies. Previously at Voya, Paul was the head of the DIG Analytics team for external client fixed income. Prior to joining Voya, he was a senior client representative with Wilshire Associates. Paul earned an MBA in finance from Emory University and a BA in computer science from Rutgers University. He is a CFA® Charterholder.

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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