Approach
Key Benefits
- Highly diversified portfolios with transparency to underlying assets
- Ultra-short duration, secured corporate credit
- Appropriate liquidity options
- Large, experienced, cycle proven investment team
- Disciplined, consistent investment process
Performance
Performance
| As of 3/31/24 | 1 Month | 3 Month | YTD | 1yr | 3yr | 5yr | 10yr | Since Inception (4/01/01) |
|---|---|---|---|---|---|---|---|---|
| Composite Gross | 1.05 | 2.46 | 2.46 | 11.48 | 5.21 | 4.54 | 4.22 | 5.40 |
| Composite Net | 1.01 | 2.33 | 2.33 | 10.93 | 4.68 | 4.02 | 3.71 | 4.83 |
| Index* | 0.85 | 2.46 | 2.46 | 12.47 | 5.99 | 5.48 | 4.55 | 4.91 |
* Morningstar LSTA US Leveraged Loan 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.
*Jeffrey Bakalar will be retiring in April 2023.
Literature
Voya Senior Loan Strategy Brief
Date: March 31, 2024
Includes Investment Commentary
Approved For: Financial Professional or Qualified Institutional Investor Use Only
Voya IM Fixed Income Profile
Date: December 31, 2023
Approved For: Financial Professional or Qualified Institutional Investor Use Only
Voya Senior Loan Trust Fund Strategy Brief - GAV
Date: December 31, 2023
Approved For: Financial Professional or Qualified Institutional Investor Use Only
Investment Team
Mohamed N Basma, CFA
Managing Director, Head of Leveraged Credit
Years of Experience: 27
Years with Voya: 24
Disclosures
Principal Risk
Risk is inherent in all investing. The following are the principal risks associated with investing in senior loans. Credit risk: Senior loans are below investment grade instruments that carry a higher than normal risk that borrowers may not make timely payments of principal and interest. Failure by borrowers to make such payments may cause the yield and/or the value of your investment to decline. Interest rate risk: The yield on senior loans is directly affected by changes in market interest rates. If such rates fall, the yield may fall. Also, if overall interest rates on loans decline, the yield may fall and the value of the assets may decrease. When market interest rates rise, there may be a delay in the rise in the yield due to a lag between changes in such rates and the resetting of the floating rates on the loans. Limited secondary market for loans: Loans do not trade on an established exchange. There is a limited secondary market for loans. Demand for loans: An increase in demand for loans may adversely affect the rate of interest payable on new loans, and it may also increase the price of loans in the secondary market. A decrease in the demand for loans may adversely affect the price of loans, which could cause the value of loans to decline. Use of leverage: The strategy may engage in leverage for some portfolios. The use of leverage in a portfolio may have a magnifying effect on the returns for a portfolio, both positively and negatively. Foreign currency: The strategy may invest in loans denominated in currencies other than the U.S. dollar. While the strategy seeks to hedge foreign currency risk to the greatest extent practicable, such hedging may not be effective.
This is not, and is not intended to be, a description of all risks of investing in senior loans. The applicable offering documents should be read carefully before investing.