Voya Global Bond Portfolio - Class I

Class ADV: IOSAX
Class I: IOSIX
Class S: IOSSX
For more information call 1 (800) 334-3444
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Voya Global Bond Portfolio

The Portfolio seeks to maximize total return through a combination of current income and capital appreciation.

Daily Prices

as of April 25, 2018

Net Asset Value (NAV)$11.14
% Change-0.27
$ Change-0.03
YTD Return0.91%

Fund Facts

Ticker SymbolIOSIX
CUSIP92914K800
Inception DateNovember 8, 2004
Dividends PaidMonthly

About this Product

  • Diversified investment process derives alpha from three distinct sources — sector allocation, currencies and curve positioning — opportunistically adjusting exposures as market conditions change
  • Comprehensive risk management is an integral part of portfolio construction, ensuring that currency exposure, duration, credit quality and security selection are appropriate for each client’s goals
  • Covers the full range of underlying asset classes: U.S. and foreign investment-grade bonds, emerging markets bonds, and foreign currencies
  • May invest in bonds and currencies of more than 20 different countries in seeking to exploit inefficiencies in bond markets around the world

Investment Objective

The Portfolio seeks to maximize total return through a combination of current income and capital appreciation.

Management Team

View Portfolio Advisor/Sub Advisor

Portfolio Management Team

Voya Investment Management Co. LLC

Investment Sub-Adviser

Voya Investment Management Co. LLC (“Voya IM” or “Sub-Adviser”), a Delaware limited liability company, was founded in 1972 and is registered with the SEC as an investment adviser. Voya IM is an indirect, wholly-owned subsidiary of Voya Financial, Inc. and is an affiliate of the Adviser. Voya IM has acted as adviser or sub-adviser to mutual funds since 1994 and has managed institutional accounts since 1972. The principal office of Voya IM is located at 230 Park Avenue, New York, New York 10169. As of December 31, 2016, Voya IM managed approximately $86.4 billion in assets.

Directed Services LLC

Investment Adviser

Directed Services LLC, Asset Management Arm is a privately owned investment manager. The firm primarily provides its services to investment companies.
Mustafa Chowdhury

Mustafa Chowdhury, PhD

Portfolio Manager

Managed Portfolio since 2015

More Info
Mustafa Chowdhury is head of rates for Voya Investment Management, responsible for directing the investment strategy for the rates group, including global rates, sectors and currencies, and equity/convexity hedging. Mustafa brings 20 years of experience working in the fixed income industry, equally divided between the buy side and sell side, and a deep expertise in mortgage-backed securities and G7 interest rates. Prior to joining the firm, Mustafa was a portfolio manager at AVM, where he served as a strategist working across fixed income assets, with a specialization in rates and mortgages. He began his investment career with Freddie Mac, where he was co-head of asset liability management and managed all hedging of the interest rate risk of the balance sheet. He also served as the head of the U.S. rates and agency MBS strategy at Deutsche Bank. Before Deutsche Bank, Mustafa worked for the Blue Crest hedge fund, focused on macro strategy, G3 rates and MBS. Mustafa holds a PhD in economics from the University of California, San Diego.
Brian Timberlake

Brian Timberlake, CFA, PhD

Portfolio Manager

Managed Portfolio since 2013

More Info
Brian Timberlake is the head of fixed income research at Voya Investment Management and is responsible for managing the organization’s global fixed income research analysts as well as the coordination of macroeconomic data across the fixed income platform. His team is responsible for macro and quantitative fixed income research and provides additional assistance to individual sector groups and the risk management team. In addition, Brian is a named portfolio manager on several global and opportunistic fixed income products. Previously, he was the head of quantitative research where he helped develop an integrated, automated tool for interest rate hedging, created multifactor risk models, and was integral to the design and monitoring of customized client portfolios. Prior to that he was a senior quantitative analyst at Voya. Brian received a BS in chemical engineering from the University of Maryland, an MS in quantitative and computational finance from the Georgia Institute of Technology and a PhD in chemical engineering from the Georgia Institute of Technology. He holds the Chartered Financial Analyst® designation.

My Representatives

Broker/Dealer Services

1-800-334-3444

Contact Us

Performance

Average Annual Total Returns %

As of March 31, 2018

As of March 31, 2018

Most Recent Month EndMost Recent Quarter EndMost Recent Month EndMost Recent Quarter End
Most Recent Month EndYTD1 YR3 YR5 YR10 YRExpense Ratios
GrossNet
Net Asset Value+1.80+9.21+4.53+2.22+3.650.69%0.63%
Net Asset Value+1.80+9.21+4.53+2.22+3.650.69%0.63%
Bloomberg Barclays Global Aggregate Index+1.36+6.97+3.14+1.49+2.57
Bloomberg Barclays Global Aggregate Index+1.36+6.97+3.14+1.49+2.57

Inception Date - Class I:November 8, 2004

The performance quoted represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance information shown. The investment return and principal value of an investment in the Portfolio will fluctuate, so that your shares, when redeemed, may be worth more or less than their original cost. See above "Average Annual Total Returns %" for performance information current to the most recent month-end.

Yields

As of March 31, 2018

SEC 30-Day Yield (Unsubsidized)
SEC 30-Day Yield (Unsubsidized):

A standardized yield calculation created by the SEC, it reflects the income earned during a 30-day period, after the deduction of the fund's gross expenses. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days.

3.71
SEC 30-Day Yield (Subsidized)
SEC 30-Day Yield (Subsidized):

A standardized yield calculation created by the SEC, it reflects the income earned during a 30-day period, after the deduction of the fund's net expenses (net of any expense waivers or reimbursements).

3.77
Distribution Yield @ NAV
Distribution Yield @ NAV:

Current annualized distribution rate based upon NAV is the latest dividend shown as an annualized percentage of net asset value.

2.88
Distribution Yield @ MOP
Distribution Yield @ MOP:

Current annualized distribution rate, based upon maximum offering price which is adjusted for sales changes (MOP), where applicable, is the latest dividend shown as an annualized percentage of maximum offering price.

2.88

Returns Based Statistics

As of March 31, 2018

3 Year5 Year10 Year
Standard Deviation
Standard Deviation:

A measure of the degree to which an individual probability value varies from the distribution mean. The higher the number, the greater the risk.

4.745.378.14
Beta
Beta:

The sensitivity of a portfolio's returns to changes in the return of the market as measured by the index or benchmark that represents the market. A portfolio with a beta of 1.0 behaves exactly like the index. A beta less than 1.0 suggests lower risk than the index, while a beta greater than 1.0 indicates a risk level higher than the index.

0.871.021.08
R2
R2:

The proportion of the variation in a portfolio's returns that can be explained by the variability of the returns of an index. High R-squared (close to 1.0) is usually consistent with broad diversification.

80.0779.6157.82
Alpha
Alpha:

A measure of risk-adjusted performance; alpha reflects the difference between a portfolio's actual return and the return that could be expected give its risk as measured by beta.

1.690.721.05
Sharpe Ratio
Sharpe Ratio:

A risk-adjusted measure calculated using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance.

0.850.380.45
Tracking Error
Tracking Error:

A measure of how closely the returns of a portfolio tend to follow the returns of the index to which it is benchmarked; specifically, the variability of excess returns around the average.

2.212.425.32
Information Ratio
Information Ratio:

The ratio of portfolio returns in excess of a market index to the variability of those excess returns; in effect, information ratio describes the value added by active management in relation to the risk taken to achieve those returns.

0.630.300.20

Calendar Year Returns %

Past performance is no guarantee of future results. Returns are shown in %. These figures are for the year ended December 31 of each year. They do not reflect sales charges and would be lower if they did. The bar chart above shows the Fund's annual returns and long-term performance, and illustrates the variability of the Fund’s returns.

Growth of a $10,000 Investment

For the period 04/30/2008 through 03/31/2018

Ending Value: $14,310.00

The performance quoted in the "Growth of a $10,000 Investment" chart represents past performance. Performance shown is without sales charges; had sales charges been deducted, performance would have been less. Ending value includes reinvestment of distributions.

Portfolio

Portfolio Statistics

As of March 31, 2018

Net Assets millions
Net Assets:

The per-share dollar amount of the fund, calculated by dividing the total value of all the securities in its portfolio, less any liabilities, by the number of fund shares outstanding.

$228.4
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

566
Duration years6.58
Weighted Average Life years
Weighted Average Life:

The length of time until the average security in a fund will mature or be redeemed by its issuer. It indicates a fund's sensitivity to interest rate changes: longer average weighted maturity implies greater volatility in response to interest rate changes.

7.44
Total

Top Holdings

% of Total Investments as of March 31, 2018

ITALY (REPUBLIC OF) 4.5 03/20263.28
ITALY (REPUBLIC OF) 2.2 06/20272.76
FHLMC_4194 4 04/20430.84
FNMA_07-116 4.0685 01/20380.65
FHLMC_3502 4.2234 01/20390.60
GERMANY (FEDERAL REPUBLIC OF) 0.55
PETROBRAS GLOBAL FINANCE BV 8.75 05/20260.52
CVS CAREMARK CORP 2.8 07/20200.52
GOLDMAN SACHS GROUP INC 2.876 10/20220.51
INDIANA MICHIGAN POWER 7 03/20190.48
Total#,###.2

Portfolio Composition

as of March 31, 2018

Agency Mortgages8.12
Bank Loans0.00
Developed Markets Sovereign8.79
Emerging Markets Corporate5.54
Emerging Markets Sovereign - Hard Currency6.49
Emerging Markets Sovereign - Local Currency9.98
HY Corporates7.99
IG Corporates18.46
Other0.00
Securitized19.99
US Treasury & Cash14.63
Total#,###.2

Top Ten Loan Issuers

as of March 31, 2018

ITALY (REPUBLIC OF)6.04
INDONESIA TREASURY BOND1.39
RUSSIA GOVT BOND - OFZ1.35
GERMANY (FEDERAL REPUBLIC OF)1.21
FANNIE MAE CONNECTICUT AVENUE 0.86
FHLMC_41940.84
COLOMBIAN TES0.81
GOVERNMENT NATIONAL MORTGAGE A0.78
PETROBRAS GLOBAL FINANCE BV0.76
CVS HEALTH CORP0.75
Total#,###.2

Credit Quality

% of Total Investments as of November 30, 2014

AAA30.04
AA1.83
A9.49
BBB28.29
BB12.02
B12.59
CCC4.41
CC0.25
D0.25
Not Rated0.84
Total#,###.2

Top Country Weightings

% of Total Investments as of March 31, 2018

United States61.42
Italy6.87
Brazil2.94
Russia2.42
Indonesia2.08
Mexico1.62
Japan1.61
Germany1.43
Colombia1.39
Turkey1.23
Total#,###.2

Maturity Details

% of Total Investments as of March 31, 2018

Cash7.05
<1 Year3.53
1-3 Years11.53
3-5 Years13.85
5-7 Years19.43
7-10 Years30.28
10-20 Years6.53
>20 Years7.80
Total#,###.2

Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to daily change.

Distributions

Distributions: Last 12 Months

Payment Frequency: Monthly

Ex-Date
Ex-Date:

Date on which a stock begins trading without the benefit of the dividend. Typically, a stock’s price moves up by the dollar amount of the dividend as the ex-dividend date approaches, then falls by the amount of the dividend after that date.

Payable Date
Payable Date:

Date on which a declared stock dividend or a bond interest payment is scheduled to be paid.

Record Date
Record Date:

Date on which a shareholder must officially own shares in order to be entitled to a dividend. After the date of record, the stock is said to be ex-dividend.

Amount
Income Dividend03/31/2018$0.027500
Income Dividend02/28/2018$0.025200
Income Dividend01/31/2018$0.027300
Income Dividend12/31/2017$0.027300
Income Dividend11/30/2017$0.026200
Income Dividend10/31/2017$0.027200
Income Dividend09/30/2017$0.026700
Income Dividend08/31/2017$0.022600
Income Dividend07/31/2017$0.022200
Income Dividend06/30/2017$0.021400
Income Dividend05/31/2017$0.021800
Income Dividend04/30/2017$0.020800
Totals: $0.296200

Ratings

Morningstar™ Ratings

As of March 31, 2018

Overall3 Year5 Year10 Year
264 Funds264 Funds236 Funds133 Funds

Category: Fund World Bond

Disclosures

Principal Risks

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Emerging Market securities may be especially volatile. The Portfolio may use Derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on Portfolio performance. The Portfolio is subject to both Credit and Interest Rate Risk. The Portfolio’s share price and yield will be affected by interest rate movements, with bond prices generally moving in the opposite direction from interest rates. Credit Risk refers to the bond issuers and senior loan issuers ability to make timely payments of principal and interest. 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. To the extent that the Portfolio invests in Mortgage-Related Securities, its exposure to prepayment and extension risks may be greater than investments in other fixed-income securities. Other risks of the Portfolio include but are not limited to: Borrowing/Leverage Risks; Debt Securities Risk; Non-Diversification Risks; Other Investment Companies Risks; Price Volatility Risks; Inability to Sell Securities Risks; Securities Lending Risks; and Portfolio Turnover Risks. Investors should consult the Portfolio’s Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Portfolio’s risks.