Target Retirement Trust Series
Approach
The Voya Target Retirement Trust Series is a suite of Target Date Collective Trusts. This suite utilizes a sophisticated design that seeks the best practices of the defined benefit and defined contribution world to help participants reach their retirement goals. The Target Retirement Trust Series invests in a combination of underlying trusts that cover multiple asset classes and asset managers to create diversified allocations for participants based on their retirement date. Through sophisticated portfolio construction techniques, the trusts offer diversification of alpha sources and investment styles to help generate consistent long-term returns while seeking to reduce risk.
Key Benefits
- Open Architecture. Voya is one of only a few target date providers to employ a multi-manager¹ approach and has over 10 years of experience working within an open architecture framework. This approach offers diversity of thought and process from world class asset managers.
- Intelligent Blend of Active & Passive. Active managers may offer the potential for excess returns in less efficient asset classes. Passive managers may offer cost effective exposure to highly efficient asset classes within a competitive fee structure.
- Broad Diversification². This suite invests in a broad range of traditional and non-traditional asset classes to help manage risks through all phases of the market cycle.
- Participant-Centric Glide Path. The glide path is designed to maximize wealth accumulation early in a participant’s career and reduce equity in the years immediately before retirement when participants are the most vulnerable to a market downturn.
1 Multi-Manager refers to the use of investment managers including Voya Investment Management and outside managers, which may be offered through affiliated sub-advised funds.
2 Diversification does not guarantee against a loss, and there is no guarantee that a diversified portfolio will outperform a non-diversified portfolio.
Approach
The Voya Target Retirement Trust Series is a suite of Target Date Collective Trusts. This suite utilizes a sophisticated design that seeks the best practices of the defined benefit and defined contribution world to help participants reach their retirement goals. The Target Retirement Trust Series invests in a combination of underlying trusts that cover multiple asset classes and asset managers to create diversified allocations for participants based on their retirement date. Through sophisticated portfolio construction techniques, the trusts offer diversification of alpha sources and investment styles to help generate consistent long-term returns while seeking to reduce risk.
Key Benefits
- Open Architecture. Voya is one of only a few target date providers to employ a multi-manager¹ approach and has over 10 years of experience working within an open architecture framework. This approach offers diversity of thought and process from world class asset managers.
- Intelligent Blend of Active & Passive. Active managers may offer the potential for excess returns in less efficient asset classes. Passive managers may offer cost effective exposure to highly efficient asset classes within a competitive fee structure.
- Broad Diversification². This suite invests in a broad range of traditional and non-traditional asset classes to help manage risks through all phases of the market cycle.
- Participant-Centric Glide Path. The glide path is designed to maximize wealth accumulation early in a participant’s career and reduce equity in the years immediately before retirement when participants are the most vulnerable to a market downturn.
1 Multi-Manager refers to the use of investment managers including Voya Investment Management and outside managers, which may be offered through affiliated sub-advised funds.
2 Diversification does not guarantee against a loss, and there is no guarantee that a diversified portfolio will outperform a non-diversified portfolio.
Performance
Performance
| As of 7/31/25 | 1 Mo | 3 Mo | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception (1/01/13) |
|---|---|---|---|---|---|---|---|---|
| Gross | 0.37 | 5.12 | 6.80 | 8.51 | 8.26 | 6.76 | 6.81 | 7.55 |
| Net | 0.35 | 5.07 | 6.68 | 8.30 | 8.06 | 6.56 | 6.61 | 7.35 |
| Index* | 0.51 | 5.69 | 7.35 | 8.78 | 8.39 | 6.85 | 6.57 | 7.23 |
* S&P Target Date 2025 Index
Literature
Date: December 31, 2025
Approved For: Financial Professional or Qualified Institutional Investor Use Only
Investment Team
Barbara Reinhard , CFA
CIO, Multi-Asset Strategies and Solutions
Years of Experience: 33
Years with Voya: 10
Biography
Lanyon Blair , CFA, CAIA
Head of Manager Research and Selection
Years of Experience: 18
Years with Voya: 11
BiographyDisclosures
Principal Risk
The Target Retirement Trust principal risks are generally those attributable to investing in stocks, bonds and related derivative instruments. Target Retirement Trust holdings are subject to market, issuer and other risks, and their values may fluctuate. Market risk is the risk that securities or other instruments 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 or instrument may decline for reasons specific to the issuer, such as changes in its financial condition. Additionally, the concentration of Target Retirement Trust holdings may lead to high volatility and tracking error relative to the benchmark. Furthermore, there is the risk that needed hedges may not always be available in the derivatives markets or available at attractive prices. In addition, because each Target Retirement Trust is exposed to underlying collective funds, the performance of these investment vehicles will have a substantial impact on the Target Retirement Trust’s overall performance, and such investment vehicles may have unique risks based on their strategy and operations. Certain underlying investment vehicles may not offer daily liquidity. The Target Retirement Trust may also incur fees attributable to such underlying pooled investment vehicles. In some situations, fees paid from these investment vehicles to affiliates of the Trustee may be offset or rebated vis-à-vis the Trust or its investors.
There is no guarantee that any investment option will achieve its stated objective. Principal value fluctuates and there is no guarantee of value at any time, including the target date. The "target date" is the approximate date when an investor plans to start withdrawing their money. When the target date is reached, the investor may have more or less than the original amount invested. For each target-date portfolio, until the day prior to its target date, the portfolio will seek to provide total returns consistent with an asset allocation targeted for an investor who is retiring in approximately each portfolio’s designated target year. On the target date, the portfolio will seek to provide a combination of total return and stability of principal.