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 11/30/181 Month3 MonthYTD1yr3yr5yr10yrSince Inception (4/01/91)
Composite Gross0.57-0.01-0.210.001.041.603.245.40
Composite Net0.55-0.07-0.41-0.220.821.342.924.98
Index*0.54-0.20-0.39-0.230.721.302.825.10
Gross Excess Return0.030.180.190.240.330.300.420.30

* 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

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.

Paul Buren

Paul Buren, CFA

Portfolio Manager

Years of Experience: 12

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Paul Buren is a fixed income portfolio manager for Voya Investment Management, responsible for the portfolio construction of the multi-sector fixed income strategies. Previously, Paul was the head of the DIG Analytics team for external client fixed income. Prior to joining the firm in 2006, he was a senior client representative with Wilshire Associates. Paul received a BA in computer science from Rutgers University and an MBA in finance from Emory University. He holds the Chartered Financial Analyst® designation.

Principal Risks

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.