Performance data quoted represents past performance which is not a guarantee or a reliable indicator of future results.
Gross performance returns are presented before management and all other fees, where applicable, but after trading expenses. Net of fees performance reflects the deduction of the highest applicable management fee that would be charged based on the fee schedule contained within this material, without the benefit of breakpoints. Gross and net performance returns reflect the reinvestment of dividends and are net of all non-reclaimable withholding taxes on dividends, interest income, and capital gains.
Strategy
Investment Approach
- Aims to provide a risk-efficient core bond portfolio that is designed to generate durable, active return through income and capital appreciation
- A broad and deep global research platform to seek to provide multiple avenues for producing active return without relying on any single sector or market regime
- A research-driven approach seeks to help the portfolio to:
- Exploit abundant inefficiencies in fixed income markets structural via portfolio construction
- Identify the phase of the macroeconomic cycle and align the portfolio’s risk allocation, sector exposures, and duration/curve positioning accordingly
- Emphasize analysts’ highest-conviction security selection ideas across all stages of the cycle
- Focuses primarily on investment-grade, U.S. fixed income securities, with the ability to integrate non-index sectors and securities for additional diversification and yield
- Integrates proprietary credit, macroeconomic, and quantitative analysis to identify market inefficiencies and relative value opportunities across three major sources of return: sector allocation, security selection, and interest rate management
Risks
Typical Investor