Nov. 18, 2025 1: 15 AM ET Voya Investment Management 39 Follower s Comments Summary In 3Q25, signs of strain in the labor market prompted the U. S. Fed to resume rate cuts at its September meeting, and signal two additional cuts by year end. Financial markets responded constructively to the evolving macro backdrop, leading most fixed income sectors to deliver positive total and excess returns. For the quarter, the SMA underperformed its benchmark, the Bloomberg US Aggregate Bond Index, on both a gross- and net-of-fees basis. With spreads at multi-year tights, further spread tightening appears unlikely, despite supportive fundamental factors across most fixed income sectors. As a result, portfolios will look to drive outperformance through higher carry and active management. Strategy overview Total return approach, investing across full spectrum of the fixed income market through a combination of individual investment-grade cash bonds and zero management fee completion vehicles representing core and core plus sectors. This article was written by 39 Follower s Voya Investment Management helps investors push what’s possible through differentiated solutions across its fixed income, equity and multi-asset platforms, including private markets and alternatives. For inquiries or communication, please use Voya Investment Management’s official channels. Comments Recommended For You.
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Voya Core Plus Fixed Income SMA Q3 2025 Commentary
