- Deal Sourcing and Selectivity: Our robust deal flow allows us to avoid stretching to fill production demand or to achieve sector/name level diversification
- Integrated Deal Team: Our unique integration of legal staff within the investment team facilitates partnership with deal analysts at the onset of a deal and the incorporation of our specialized Private Credit High Yield team at early points of credit distress provides significantly lower losses
- Deal Structure First: Our disciplined investment underwriting and monitoring process does not change with market demands
|As of 9/30/21||1 Month||3 Month||YTD||1yr||3yr||5yr||10yr||Since Inception (1/01/04)|
|Gross Excess Return||0.14||1.03||3.71||2.76||2.09||1.19||0.96||1.28|
* Bloomberg Corporate Duration-Adjusted Index
Past performance does not guarantee future results.
Periods greater than one year are annualized. 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. The returns presented are not subject to the input, calculation, presentation, and disclosure requirements of Global Investment Performance Standards (GIPS). Information is subject to change at any time.
Date: March 31, 2021
Not all private credit is the same—in this Market Overview & Analysis we explore the nuances of the investment grade private credit market.
Approved For: Qualified Institutional Investor Use Only
Chris Lyons, CFA
Managing Director and Group Head, Private Credit
Years of Experience: 32
Years with Voya: 28
Virginia L O'Kelley, CFA
Senior Vice President, Portfolio Manager, Private Credit
Years of Experience: 20
Years with Voya: 16
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. High-Yield Securities, or "junk bonds", are rated lower than investment-grade bonds because there is a greater possibility that the issuer may be unable to make interest and principal payments on those securities. The strategy may use Derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on performance. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Risks of foreign investing are generally intensified in Emerging Markets. As Interest Rates rise, bond prices may fall, reducing the value of the share price. Debt Securities with longer durations tend to be more sensitive to interest rate changes. Other risks of the Fund include but are not limited to: Credit Risks; Other Investment Companies’ Risks; Price Volatility Risks; Inability to Sell Securities Risks; and Securities Lending Risks.