Defined Contribution
Helping Participants Meet Their Retirement Goals
Overview
Voya Investment Management is a leading provider of DC investment capabilities
One of the 20 largest asset managers |
$45 billion2 under management on |
30,000+ plans use our |
DC offerings built around the requirements of retirement plan investors
DC plan participants have particular needs, expectations and preferences that differ from those of traditional investors. As such, we approach the design and management of our DC product line with a fiduciary’s eye toward suitability, prudence and conservatism. We believe DC investment options should exhibit the following characteristics:
- Robust and time-tested investment process
- A stable and talented investment team with a tenure of three years or more
- Attractive performance evidenced by strong risk-adjusted returns, asymmetric upside/downside capture and modest yet stable alpha
- Low tracking error and style purity to allow for the design of asset allocation around core building blocks and avoid large negative surprises
- Transparency of process and results
The Voya Investment Platforms
Voya Investment Management offers a comprehensive line-up of investment structures and asset classes to help you construct retirement portfolios for your clients. Our disciplined portfolios seek to promote successful outcomes for defined contribution plan participants.
Voya Equity: Carefully built to help meet the long-term needs and goals of our clients, our equity capabilities use a range of investment approaches, including fundamental, quantitative, thematic and machine intelligence, aiming to deliver best-in-class equity solutions through all phases of the market cycle.
Voya Fixed Income: Aligned to discover opportunities across the fixed income spectrum, our 300+ member team’s proven capabilities across traditional fixed income and beyond are how we have been able to preserve principal and tap into differentiated sources of risk-adjusted performance during all phases of the market cycle.
Voya Multi-Asset Strategies and Solutions: Multi-Asset Strategies and Solutions is a multi-disciplinary team with expert capabilities united by a single purpose: delivering holistic solutions that are objective and innovative and are designed to help clients achieve their long-term goals. The team invests across a wide range of asset classes and investment managers and uses sophisticated quantitative techniques and disciplined risk management seeking to achieve consistent, risk-adjusted returns over different market environments. This dedicated team of over 30 professionals has deep expertise in asset allocation, manager selection and research, quantitative research, portfolio implementation, portfolio construction, risk management and actuarial sciences.
Target Date
Voya’s Target Date Blend Series are designed to specifically balance the evolving risk-return profiles of participants as they age to maximize the probability of a successful retirement.
Voya’s Target Date Blend Series are designed to specifically balance the evolving risk-return profiles of participants as they age to maximize the probability of a successful retirement. Our time-tested blend approach to target date design is centered around three key differentiators.
|
Participant Focused Glide Path4 Seeks to maximize wealth in early years and protect wealth in later years A conservative 35% target equity allocation at retirement relative to peers |
|
Multi-Manager5 Voya is a pioneer of the multi-manager target date approach, with 15+ years of experience Access to Voya and other well-known managers to help enhance diversification and reduce risk |
|
Intelligent Blend of Active & Passive Management 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 |
Insights & Resources
4 Components for Plan Sponsors to Consider When Evaluating Your DC Plan’s Target Date Funds
Plan sponsors often find the target date fund (TDF) selection process understandably daunting.
The case for active management in your DC plan menu
Passive investing has become popular with defined contribution plans due to its low costs and ease of use.
How can plan sponsors help participants feel retirement-ready?
Retirement readiness is a major challenge for many plan participants.
Sustainable Income for the Retirement Voyage
A new income strategy from Voya Investment Management gives employers a tool to help plan participants meet their retirement spending needs and reduce their chances of runn
Voya’s Holistic Approach to Target Date Design
It is critical for plan fiduciaries to understand the differences in target date design in order to select the fund that best matches the needs and charac
1 Pensions & Investments, “The Largest Money Managers,” 2023 Survey, based on assets as of 12/31/22.
2 As of 09/30/23. The DC assets excludes approximately $32 billion in assets under administration.
3 As of 09/30/23.
4 Between 50-40 years out from the fund’s “target date” the Voya Target Date Blend Series allocate 95% to equities compared to the industry average of 89%. At the “target date” the Voya Target Date Blend Series allocate 35% to equities compared to the industry average of 42%. Source: Morningstar. Average includes all mutual fund and VP target date suites in Morningstar. Equity allocations based on Years to Target (YTT) Stock glide path data in Morningstar® Direct.
5 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.
The Voya Retirement Income Fund (Voya RIF) is a preliminary portfolio that may be available as a collective trust fund or a mutual fund. More information is available by obtaining the strategy’s offering document or the Fund prospectus, which should be read carefully before investing. Consider the investment objectives, risks and charges and expenses carefully before investing.
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 their target date is reached, they 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. Stocks are more volatile than bonds, and portfolios with a higher concentration of stocks are more likely to experience greater fluctuations in value than portfolios with a higher concentration in bonds. Foreign stocks and small- and mid-cap stocks may be more volatile than large-cap stocks. Investing in bonds also, entails credit risk and interest rate risk. Generally investors with longer timeframes can consider assuming more risk in their investment portfolio.