Emerging Markets Debt Hard Currency

Overview
Performance
Literature
Team

Approach

The Voya Emerging Markets Debt Hard Currency Strategy offers a total return approach, investing in the full spectrum of the emerging markets (EM) hard currency universe with a focus on sovereign, quasi-sovereign and more liquid EM corporate issuers. We believe actively blending country and security selection against top-line portfolio risks is key to delivering superior, risk-adjusted returns over an investment cycle.

Key Benefits

Active blend of hard currency sovereigns, quasi-sovereigns and EM corporates broadens the credit investment universe and sources of opportunity while enhancing yield and returns
Pure EMD hard currency-only strategy that excludes EM local currency assets minimizes portfolio volatility and may enhance risk-adjusted return profile
Balanced top-down macro and rigorous bottom-up credit analysis with a focus on diversification and avoidance of issuer concentration
Risk management integrated through each step of investment process

Performance

As of 5/31/23	1 Month	3 Month	YTD	1yr	3yr	5yr	10yr	Since Inception (9/01/12)
Composite Gross	-0.48	1.55	2.51	0.78	-1.30	0.77	2.71	2.80
Composite Net	-0.52	1.43	2.31	0.30	-1.77	0.27	2.10	2.18
Index*	-0.57	0.92	1.82	-1.48	-2.70	-0.13	2.08	2.06
Gross Excess Return	0.09	0.63	0.69	2.27	1.40	0.90	0.63	0.74

* JPM EMBI Global Diversified Composite 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

Date: March 31, 2023

Approved For: Financial Professional or Qualified Institutional Investor Use Only

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Investment Team

Anil Katarya, CFA

Global Head of Investment Grade Credit

Years of Experience: 25

Years with Voya: 23

Anil Katarya is global head of investment grade credit and senior portfolio manager at Voya Investment Management. Previously at Voya, Anil was the head of credit portfolio management and served as a portfolio manager and credit analyst on the investment grade team. Prior to joining Voya, Anil was a financial analyst for Mirant Inc. He earned an MBA from Georgia State University and a BS in mechanical engineering from Kurukshetra University, India. He is a CFA® Charterholder.

Anthony Routh

Portfolio Manager, Emerging Markets Debt

Years of Experience: 17

Years with Voya: 17

Anthony Routh is a portfolio manager on the emerging markets debt team at Voya Investment Management. Previously at Voya, he was a portfolio manager on the structured finance team, covering non-agency mortgages and asset-backed securities. Prior to that, Anthony was an analyst for the non-agency MBS trading desk at Voya. He earned a BBA in finance from the University of Georgia.

Disclosures

Principal Risk

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. All security transactions involve substantial risk of loss. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Emerging Market securities may be especially volatile.