Voya: Help your clients reinforce their portfolios with GNMAs

You are receiving this email as a registered member of Morningstar.com and have asked to receive features, products and services from third party companies. This is a paid advertisement from the sponsor. View this email as a web page [here](%%view_email_url%%?utm_source=eloqua&utm_medium=email&utm_campaign=advertising&utm_content=48542&elqTrack=true). [Voya Investment Management]( GNMA bonds have historically mitigated risk during times of equity and short-term bond market volatility, including the dotcom collapse, 9/11, the global financial crisis and early in the Covid pandemic, while offering the same credit quality as U.S. Treasuries. How do GNMA bonds compare with various "low risk" alternatives? Short term bond funds Short term bond funds carry credit card risk (while GNMA bonds have none) and tend to positively correlate with equities. Cash/money market funds While cash and money market funds do not carry credit risk, they do not offer as much of a diversification benefit relative to equities that GNMA bonds do (e.g., GNMAs typically rally when equities selloff). U.S. Treasuries Like GNMA bonds, they have no credit risk. However, GNMA bond investors receive additional compensation above U.S. Treasury rates for taking on prepayment risk, which is currently very low. To learn more about how GMNAs can be an anchor for your clients' portfolios during difficult times, read our recent paper, [GNMA Bonds: A Diversification Tool for Uncertain Times](. [Read the paper]( Voya Investment Management [Instagram]( [Linked In]( For financial professional use only. Not for inspection by, distribution to or quotation to the general public. This commentary 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. An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. For a free copy of the Fund’s prospectus or summary prospectus, which contain this and other information, visit us at [www.voyainvestments.com]( or call 1-800-992-0180. Please read the prospectus carefully before investing. 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 that of 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. 3065809 [This email was sent by: Voya Investment Management 230 Park Ave. New York, NY, 10169, US (800) 334-3444](%%=RedirectTo(@URL)=%%?utm_source=eloqua&utm_medium=email&utm_campaign=advertising&utm_content=48542)VoyaInvestmentManagement@Voya.com [View online]( | [Unsubscribe]( from future Advertising Products and Features email | [Update]( your email preferences If you have questions about Morningstar.com or your membership, please send a note to joe@morningstar.com. [Click here]( to learn about Morningstar's privacy policy. © 2023 Morningstar, Inc. All Rights Reserved. 22 W. Washington St. Chicago, IL 60602