Teams
Mid-Year Insights: Risk and OpportunitiesGlobal Fixed Income Team | September 5, 2018September 5, 2018 | Global Fixed Income Team
Opportunities & Challenges, Expensive RiskGlobal Fixed Income Team | February 16, 2018February 16, 2018 | Global Fixed Income Team
Global Fixed Income Team
Bank Loans
Objective
Bank Loans seeks to outperform the benchmark by eliminating uncompensated risk from investments in bank loans, sometimes referred to as leveraged loans or bank debt. The strategy strives to achieve an information ratio of greater than 1.
Investment Universe
Typically invests in bank loans of below investment grade issuers.
Core
Objective
Core seeks to outperform the benchmark by eliminating or reducing uncompensated risk while allocating across Core sectors. The strategy strives to achieve an information ratio greater than 1.
Investment Universe
Securities are typically found in the Barclays U.S. Aggregate Index, although additional high grade off-benchmark investments may be permitted, including but not limited to Rule 144A securities without registration rights, mortgage dollar roles, TIPS, and floating rate notes.
Core Plus
Objective
Core Plus seeks to outperform the benchmark by eliminating or reducing uncompensated risk while opportunistically allocating investments across a range of core and off-benchmark sectors. The strategy strives to achieve an information ratio of greater than 1.
Investment Universe
Typically invests in the same sectors represented by the Barclays U.S. Aggregate Bond Index, as well as high yield (20%), emerging market debt (10%) and non-US Dollar exposure (10%).
Core Plus Opportunities
Objective
Core Plus Opportunities seeks to outperform the benchmark by eliminating or reducing uncompensated risk while opportunistically allocating investments across a range of core and off-benchmark sectors. The strategy strives to achieve an information ratio of greater than 1.
Investment Universe
Typically invests in the same sectors represented by the Barclays U.S. Aggregate Bond Index, as well as high yield including bank loans (30%), emerging market sovereigns and corporates (10%) and non-US Dollar exposure (10%).
Global High Yield Active Core
Objective
Global High Yield seeks to outperform the benchmark by eliminating uncompensated risk from investments in below investment grade securities. The strategy strives to achieve an information ratio of greater than 1.
Investment Universe
Typically invests in below investment grade securities using an integrated top down and bottom up approach to management.
Global Multi-Asset
Objective
Global Multi-Asset seeks current income consistent with reasonable opportunity for future growth of capital and income.
Investment Universe
The strategy utilizes a top down and bottom up approach that allocates between 30-70 percent each to equities and fixed-income based on best opportunities in the markets.
High Yield Active Core
Objective
High Yield Active Core seeks to outperform the benchmark by eliminating uncompensated risk from investments in below investment grade securities. The strategy strives to achieve an information ratio of greater than 1.
Investment Universe
Typically invests in below investment grade securities using an integrated top down and bottom up approach to management.
Investment Grade Credit
Objective
Investment Grade Credit seeks to outperform the benchmark by eliminating or reducing uncompensated risk from investments in corporate credit securities. The strategy strives to achieve an information ratio of greater than 1.
Investment Universe
Typically invests in the universe of securities represented by the Barclays Credit Index.
Short Duration High Yield
Objective
Short Duration High Yield seeks to provide an attractive risk adjusted return through eliminating uncompensated risk with investments in below investment grade
securities. The strategy strives to achieve an information ratio of greater than 1.
Investment Universe
Typically invests in below investment grade securities and can also use cash and derivatives to lower the duration of the portfolio, pursuant to client guidelines.
Unconstrained Bond
Objective
Unconstrained Bond seeks to exploit opportunities in the global fixed income markets through a process of multi-sector asset allocation to achieve the highest absolute and risk adjusted return.
Investment Universe
Typically invests in a diversified portfolio of debt or debt-related securities in sovereign, and securitized and credit assets to mitigate risk.
