Emerging Markets Debt Hard Currency

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 9/30/25	1 Month	3 Month	YTD	1yr	3yr	5yr	10yr	Since Inception (9/01/12)
Gross	2.06	5.21	11.03	9.17	13.80	3.57	5.17	4.51
Net	2.02	5.09	10.64	8.66	13.26	3.08	4.59	3.90
Index*	1.78	4.75	10.66	8.52	12.29	2.27	4.19	3.67

* J.P. Morgan 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.