NEW YORK, March 23, 2016 /PRNewswire/ -- Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today that the Voya GNMA Income Fund has won a 2016 Thomson Reuters Lipper Fund Award for its class I shares (LEINX) in Lipper's GNMA Funds Five Year category. The Voya GNMA Income Fund has more than $1 billion in assets under management as of January 1, 2016 and seeks a high level of current income, consistent with liquidity and safety of principal, by investing primarily in Government National Mortgage Association (GNMA) mortgage-backed securities. These securities are guaranteed as to the timely payment of principal and interest by the U.S. government.
The Lipper Awards honor those funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers. Performance is evaluated through November 30, 2015. More information about the fund can be found here.
Managed by Jeff Dutra, CFA, Justin McWhorter, CFA, CPA, and Peter Guan, PhD., the GNMA Income Fund is one of the oldest mortgage-backed securities funds in the market. Led by a stable and experienced management team, the fund invests in GNMA securities with maturities in excess of one year and that have the same credit quality as U.S. Treasury securities, but with higher yields to compensate for prepayment uncertainty.
"With an investment history that stretches back to 1973, this was one of the first pure play GNMA funds in the industry," said Christine Hurtsellers, chief investment officer for Fixed Income at Voya Investment Management. "That track record, the expertise of the team and the resources of over 100 fixed income professionals makes a very powerful combination for investors."
In making their evaluations, Lipper reviews funds based on the following criteria:
- Funds registered for sale in the respective country as of the end of the calendar year of the respective evaluation year.
- At least 36 months of performance history as of the end of the calendar year of the respective evaluation year.
- Lipper Global classifications with at least 10 distinct portfolios based on the primary share class definition, excluding residual classifications, institutional and other non-retail funds, private, closed-end, exchange-traded, insurance, and linked funds.
- Asset classes: equity, bond, mixed-asset, commodity, and alternatives. Absolute Return funds screen over all asset types except real estate.
Thomson Reuters Lipper's renowned fund data and proprietary methodology is the foundation of the award qualification. Individual classification of the three-, five-, and 10-year periods, as well as eight fund families with high average scores for the three-year period are recognized for their superior firm-wide performance. More information about the specific methodology can be found here.
Media Contact:
Kristopher Kagel
(212) 309-6568
[email protected]
About Voya Investment Management
A leading, active asset management firm, Voya Investment Management manages, as of December 31, 2015, more than $201 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.
Voya Investment Management was named in 2015 as a "Best Places to Work" by Pensions and Investments magazine. For more information, visit voyainvestments.com. Follow Voya Investment Management on Twitter @VoyaInvestments.
About Voya Financial®
Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings — to get ready to retire better. Serving the financial needs of approximately 13 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $11 billion in revenue in 2015. The company had $452 billion in total assets under management and administration as of Dec. 31, 2015. With a clear mission to make a secure financial future possible — one person, one family, one institution at a time — Voya's vision is to be America's Retirement Company™. The company is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible — Voya has been recognized as one of the 2016 World's Most Ethical Companies® by the Ethisphere Institute, and as one of the Top Green Companies in the U.S., by Newsweek magazine. For more information, visit voya.com or view the company's 2014 annual report. Follow Voya Financial on Facebook and Twitter @Voya.
Disclosures
Past performance is no guarantee of future results.
Investment Risks: All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. As Interest Rates rise, bond prices fall, reducing the value of the Fund's share price. To the extent that the Fund invests in asset-backed, Mortgage-Backed or Mortgage-Related Securities, its exposure to prepayment and extension risks may be greater than investments in other fixed-income securities. While the Fund invests in securities guaranteed by the U.S. Government as to timely payments of interest and principal, the Fund shares are Not Insured or Guaranteed. Other risks of the Fund include but are not limited to: Credit Risks; Extension Risks; Other Investment Companies Risks; Prepayment Risks; U.S. Government Securities and Obligations Risks; and Securities Lending Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.
An investor should consider the investment objectives, risks, charges and expenses of the Fund(s) carefully before investing. For a free copy of the Fund's prospectus, or summary prospectus, which contains this and other information, visit us at www.voyainvestments.com or call (800) 992-0180.
Please read the prospectus carefully before investing.
©2016 Voya Investments Distributor, LLC, 230 Park Ave, New York, NY 10169. All rights reserved.
Individual Investors (800) 992-0180
IM1231-20718-1216
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SOURCE Voya Investment Management
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