Voya Target Solution Trust Series Reaches Five-Year Milestone, Exceeds $1.4 Billion in Assets


Voya Investment Management Now Manages $14 Billion in Target Date Assets

Voya Investment Management (Voya IM), the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today that its collective trust target date (TD) offering, the Voya Target Solution Trust series, attained its five-year anniversary on January 1, 2015. Along the path to this milestone, the Voya Target Solution Trust suite has garnered over $1.4 billion in assets and has delivered consistent, competitive results to clients over the 1,- 3- and - 5 year time periods*.

“Since forming in 2006, Voya’s Multi-Asset Strategies and Solutions (MASS) team has grown to 26 investment professionals who manage $30 billion of assets, including $14 billion in both off-the-shelf and custom target date assets,” said Paul Zemsky, chief investment officer of Voya’s MASS team.  “Voya’s progress in achieving client goals corresponds with the depth and experience of the team and their continuous commitment to innovation and science within our investment process.”

The Voya Target Solution Trust series was launched at the beginning of 2010 to bring the firm’s innovative portfolio design and TD offering to the large defined contribution market segment.

Voya’s MASS team offers deep expertise in glide path modeling, asset allocation, macroeconomic forecasting, optimization techniques, actuarial science, portfolio implementation and manager selection and research. Utilizing this multi-disciplined approach, the Target Solution Trust suite was designed to encompass the following differentiating advantages for plan sponsors and their participants: 

  • Open architecture – Allows for allocations to proprietary and non-proprietary underlying managers.
  • Blending active and passive – Use of a mix of active and passive strategies allows the portfolios to draw on the skills of proven institutional asset managers, so that we can add alpha in a cost- effective manner.
  • Broad diversification – Provides access to a broad range of traditional and alternative asset classes offering exposure to a broad range of styles, asset classes and regions.
  • Participant-centric glide path – Innovative approach that directly aligns investment portfolio risk with the retirement objectives of plan participants.

Voya IM’s MASS team is committed to continuous research and has a history of innovation within its product offerings and investment capabilities.

Frank van Etten, managing director and deputy CIO of the MASS team, states, “Voya prides itself on being a reliable partner with its clients, and we believe the Voya Target Solution Trusts have delivered on this promise. Our objective is to ensure that our investment strategy aligns with the retirement goals of investors. Therefore, we have developed a holistic, proprietary approach to glide path design, asset allocation, risk management and manager research and selection. Our retirement-oriented investment thinking and experience is in line with the culture of our firm and we believe supports plan participants reaching their retirement goals with confidence.” 

Media Contact:
Christopher Breslin
(212) 309-8941      
[email protected]  

About Voya Investment Management
A leading, active asset management firm, Voya Investment Management manages, as of September 30, 2014, more than $200 billion for affiliated and external institutions as well as individual investors. With 40 years of history in asset management, Voya Investment Management has the experience and resources to provide clients with investment solutions with an emphasis on equities, fixed income, and multi-asset strategies and solutions. For more information, visit voyainvestments.com. Follow Voya Investment Management on Twitter @VoyaInvestments.

About Voya Financial
Voya Financial, Inc. (NYSE: VOYA), is composed of premier retirement, investment and insurance companies serving the financial needs of approximately 13 million individual and institutional customers in the United States. The company’s vision is to be America’s Retirement CompanyTM and its guiding principle is centered on solving the most daunting financial challenge facing Americans today — retirement readiness. Working directly with clients and through a broad group of financial intermediaries, independent producers, affiliated advisors and dedicated sales specialists, Voya provides a comprehensive portfolio of asset accumulation, asset protection and asset distribution products and services. With a dedicated workforce of approximately 7,000 employees, Voya is grounded in a clear mission to make a secure financial future possible — one person, one family, one institution at a time. For more information, visit voya.com or view our Voya Financial Interactive Company Profile. Follow Voya Financial on Facebook and Twitter @Voya.

*Asset figures in this press release are as of September 30, 2014.

Important Information
The Voya Target Solution Trust is a collective investment trust fund managed and distributed by Voya Investment Trust Company, to eligible qualified retirement plan clients. Designed exclusively for qualified retirement plans and their participants, the funds are not available to individual retail investors. This information has been prepared by Voya Investment Management for informational purposes. Nothing contained herein should be construed as (i) an offer to sell or solicitation of an offer to buy any security or (ii) a recommendation as to the advisability of investing in, purchasing or selling any security. Any opinions expressed herein reflect our judgment and are subject to change. Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation, (1) general economic conditions, (2) performance of financial markets, (3) interest rate levels (4) increasing levels of loan defaults, (5) changes in laws and regulations, and (6) changes in the policies of governments and/or regulatory authorities.

Participation in a Collective Trust Fund is limited to eligible trusts that are accepted by the Trustee as Participating Trusts. Eligible trusts generally include (i) certain employee benefit trusts exempt from federal income taxation under Code Section 501(a); (ii) certain governmental plans or units described in Code Section 414(d), Code Section 457(b), and Code Section 818 (a) (6); (iii) certain commingled trust funds exempt from federal income taxation under Code Section 501(a); and (iv) certain insurance company separate accounts as defined in the Investment Company Act section 2(a)(17). Neither the fund nor units of beneficial interest in the Fund are registered under the Investment Company Act of 1940 or the Securities Act of 1933 in reliance on an exemption, under these acts applicable to collective trust funds maintained by a bank for certain types of employee benefit trusts. A collective fund is not a mutual fund; the collective investment trust fund is managed and distributed by Voya Investment Trust Company. There is no guarantee the fund will achieve its objective.

Principal Risks
As with any portfolio, you could lose money on your investment in the Voya Target Solution Trust. Although asset allocation seeks to optimize returns given various levels of risk tolerance, you still may lose money and experience volatility. Market and asset class performance and the assumptions used form the asset allocations for the Voya Target Solution Trust. There is risk that you could achieve better returns in an underlying portfolio or other portfolios representing a single asset class than in the Voya Target Solution Trust. Important factors to consider when planning for retirement include your expected expenses, sources of income, and available assets. Before investing in the Voya Target Solutions Trust, weigh your objectives, time horizon, and risk tolerance. The Voya Target Solutions Trust invests in many underlying portfolios which are exposed to the risks of different areas of the market. The higher a portfolio’s allocation to stocks, the greater the risk. Diversification cannot assure a profit or protect against loss in a declining market. CID11370