Voya Financial, Inc. (NYSE: VOYA), announced today the launch of
a new Stable Value solution, the Voya Capital Preservation Fund
(the “Fund”), a bank collective investment trust with Great Gray
Trust Company, LLC, as trustee and fiduciary authority.*
As the latest addition to Voya’s suite of Stable Value
investment solutions, the Fund is now available to Voya’s defined
contribution plan participants in qualified 401(a), 401(k) and
governmental 457(b) plans who are currently eligible to use Stable
Value as an investment option. The Fund is a bank Collective
Investment Trust (CIT) with a focus on providing participants in
these eligible plans with protection for their principal
investment. In addition, the Fund seeks to offer those participants
a competitive yield, low return volatility (in comparison to its
benchmarks) and daily liquidity.
In addition, the Fund offers a short duration to help protect
such participants from market declines and to allow most full plan
withdrawals with a 12-month put as the termination provision.**
This is aligned to Voya’s overall Stable Value philosophy, offering
employees the ability to access their funds at book value where,
when and how they need it.
“Stable Value funds continue to play a critical role in defined
contribution plans and have remained a priority for many
individuals in recent years given increasing interest rates,” said
Doug Murray, senior vice president, Wealth Solutions Distribution
and Client Engagement, Voya Financial. “At Voya, we’ve long
recognized this priority and have leveraged our scale and expertise
to provide flexible solutions that support our clients’ evolving
needs. The introduction of the Voya Capital Preservation Fund does
just that by providing greater support for individuals looking for
a more stable opportunity to generate competitively positive
returns as they navigate potential market stress.”
Stable Value investments have historically been designed to
protect individuals from financial losses that can occur during a
rising interest rate environment, resulting in continued interest
and the growth of these solutions. As a result, according to
industry data, total Stable Value investments reached approximately
$882 billion in 2023.1
“The launch of the Voya Capital Preservation Fund comes at the
right time to take advantage of the current higher interest rate
environment,” added Chris Solimine, senior vice president and head
of Investment Solutions at Voya Financial. “Our focus at Voya has
remained on providing a multi-product Stable Value portfolio that
offers stability and flexibility to meet the unique needs of
participants across several unique institutional plan sizes. We’re
excited to introduce the solution to meet a demand from plan
sponsors and intermediaries — and to also offer more choice during
a time when many individuals need it most.”
The Fund is currently invested in a group annuity contract
issued by Voya Retirement Insurance and Annuity Company (VRIAC).
The group annuity contract, also called the Stabilizer℠ contract,
is a separate, actively managed account that invests in a range of
fixed income instruments through an active management philosophy.
The underlying fixed income portfolio adds unique sectors, such as
private placements, to help increase yield, while not decreasing
credit quality or increasing duration for participants. Voya’s own
asset manager, Voya Investment Management, has been hired by VRIAC
to manage the assets of the separate account.
For more than 40 years in the market, Voya’s Stable Value
solutions have offered a low-risk investment that focuses on
capital preservation and liquidity, while seeking to provide
steady, positive returns for individuals. Voya remains a leader2 in
these solutions with approximately $40 billion in total Stable
Value separate account and synthetic account assets under
management and administration.3 For more information, visit
voyastablevalue.com.
As an industry leader focused on the delivery of benefits,
savings and investment solutions to and through the workplace, Voya
is committed to delivering on its mission to make a secure
financial future possible for all — one person, one family, one
institution at a time.
* The Voya Capital Preservation Fund (“Fund”) is a bank
collective investment fund; it is not a mutual fund. Great Gray
Trust Company, LLC, serves as the Trustee of the Fund and maintains
ultimate fiduciary authority over the management of, and
investments made in, the Fund. The Fund and its units are exempt
from registration under the Investment Company Act of 1940 and the
Securities Act of 1933, respectively.
** Provided the full plan withdrawal is less than 20% of the
Fund’s value, it can be fulfilled at book value upon 12 months’
notice; otherwise, an 18-month notice is required. The plan should
read the participation agreement for a complete description of
terms, restrictions and conditions on Fund investments and
withdrawals.
1. “Stable Value at a Glance,” Stable Value Investment
Association (June 18, 2024). 2. Valerian Capital Group Synthetic
GIC/BVW Market Landscape Report as of Dec. 31, 2023. 3. Internal
Voya statistics as of March 31, 2024.
Investments in the Fund are not bank deposits or obligations
of and are not insured or guaranteed by Great Gray Trust Company,
LLC, any bank, the FDIC, the Federal Reserve, or any other
governmental agency. The Fund is a commingled investment vehicle,
and as such, the values of the underlying investments will rise and
fall according to market activity; it is possible to lose money by
investing in the Fund. Past performance is not predictive of future
performance.
Collective Investment Trust Funds may be suitable investments
for plan fiduciaries seeking to construct a well-diversified
retirement savings program. Investors should consider the
investment objectives, risks, charges, and expenses of any pooled
investment fund carefully before investing. The Additional Fund
Information and Principal Risk Definitions (PRD) contains this and
other information about a Collective Investment Trust Fund and is
available at greatgray.com/principalriskdefinitions or ask for a
free copy by contacting Great Gray Trust Company, LLC, at (866)
427-6885.
About Voya Financial® Voya Financial, Inc. (NYSE: VOYA),
is a leading health, wealth and investment company with
approximately 9,000 employees who are focused on achieving Voya’s
aspirational vision: “Clearing your path to financial confidence
and a more fulfilling life.” Through products, solutions and
technologies, Voya helps its 15.2 million individual, workplace and
institutional clients become well planned, well invested and well
protected. Benefitfocus, a Voya company and a leading benefits
administration provider, extends the reach of Voya’s workplace
benefits and savings offerings by engaging directly with over 12
million employees in the U.S. Certified as a “Great Place to Work”
by the Great Place to Work® Institute, Voya is purpose-driven and
committed to conducting business in a way that is economically,
ethically, socially and environmentally responsible. Voya has
earned recognition as: one of the World’s Most Ethical Companies®
by Ethisphere; a member of the Bloomberg Gender-Equality Index; and
a “Best Place to Work for Disability Inclusion” on the Disability
Equality Index. For more information, visit voya.com. Follow Voya
Financial on Facebook, LinkedIn and Instagram.
VOYA-RET
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version on businesswire.com: https://www.businesswire.com/news/home/20240731093407/en/
Media: Kris Kagel Voya Financial (201) 221-6534
Kristopher.Kagel@voya.com
Voya Financial (NYSE:VOYA)
過去 株価チャート
から 7 2024 まで 8 2024
Voya Financial (NYSE:VOYA)
過去 株価チャート
から 8 2023 まで 8 2024
