Approach
The High Yield strategy employs a total return approach, investing in below investment grade corporate securities. We believe that rigorous credit research, a keen awareness of economic and credit cycles, and security selection are critical to identifying superior investment opportunities and managing downside risk.
Key Benefits
- Skill of Team and Strength of Platform: Dedicated team with experience through multiple economic and market cycles and deep knowledge of industry sectors and issuers, leveraging the resources of the broader fixed income platform
- Balance of Risk and Return: The team employs multiple return drivers to help maximize both alpha and consistency of alpha
- Nimbleness of Approach: We have an asset base large enough to support needed resources, but are not capacity constrained, and we are flexible and have the ability to take impactful positions in smaller issues that may be less efficiently priced
Performance
Performance
| As of 10/31/24 | 1 Month | 3 Month | YTD | 1yr | 3yr | 5yr | 10yr | Since Inception (1/01/99) |
|---|---|---|---|---|---|---|---|---|
| Gross | -0.43 | 2.48 | 7.18 | 15.72 | 2.50 | 4.14 | 4.90 | 6.59 |
| Net | -0.48 | 2.33 | 6.67 | 15.05 | 1.91 | 3.55 | 4.34 | 6.04 |
| Index* | -0.54 | 2.72 | 7.42 | 16.47 | 2.97 | 4.53 | 4.86 | 6.45 |
* Bloomberg U.S. High Yield 2% Issuer Cap 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.
Literature
Voya High Yield Bond SMA Representative Account
Date: October 15, 2024
Approved For: Financial Professional Use Only
Voya High Yield Bond Fund - Enhance Your Portfolio Diversification in Uncertain Markets
Date: September 30, 2024
Approved For: Public Use Material
Voya High Yield Bond Fund Quarterly Commentary
Date: September 30, 2024
Approved For: Public Use Material
Voya High Yield SMA Strategy Quarterly Commentary
Date: September 30, 2024
Approved For: Public Use Material
Investment Team
Randy Parrish, CFA
Head of Public Credit
Years of Experience: 34
Years with Voya: 23
Mohamed N Basma, CFA
Managing Director, Head of Leveraged Credit
Years of Experience: 27
Years with Voya: 24
Disclosures
Principal Risk
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 include but are not limited to: Credit Risks; Other Investment Companies' Risks; Price Volatility Risks; Inability to Sell Securities Risks; and Securities Lending Risks.