Core Global Fixed Income

Inception date Benchmark Total strategy assets Product literature
August 31, 1993 BBG Barclays Global Aggregate Bond Index $3.8B (As of September 2017) Strategy profile (PDF)
  • Highlights
  • Performance

Objective**

The strategy seeks to outperform the benchmark over a full market cycle. Active risk will be managed commensurate to the strategy's performance goal with a target Information Ratio (measure of excess return divided by risk) from 0.5 to 1.0.

Product highlights

  • The team's approach to global fixed-income investing seeks to efficiently track primary benchmark risks, while retaining the flexibility to emphasize what we believe are the most attractive strategies from a risk/return perspective across all countries and sectors of the global fixed-income universe
  • May hold securities from a broad range of sectors, including sovereign (developed and emerging), credit (investment grade, high yield, bank loans, convertible bonds), and securitized debt (MBS, ABS, CMBS, CMO)
  • The emphasis in portfolio construction is on making security selection the primary driver of returns with sub-sector allocations and macro strategies (such as country, currency, and global term structure decisions) also serving as potential alpha generators

Investment team

Assets may include accounts that are not reflected in the composite.

**No assurance can be given that the investment objective will be achieved or that an investor will receive a return of all or part of his or her initial investment. Actual results could be materially different from the stated goals. Investors should carefully consider the risks involved before deciding to invest. See the product profile for a summary of risk considerations. As with any investment, there is a potential for profit as well as the possibility of loss.

Information ratio targets are based on a number of assumptions and are subject to revision and may change materially with changes in underlying observations.