Core Plus Fixed Income Strategy

The strategy seeks to outperform the Bloomberg US Aggregate over a full market cycle by covering the global fixed income universe while tactically adjusting risk exposure within a relative value framework.

10+ year track record with a focus on consistent returns and downside protection
Disciplined and repeatable process that balances risk allocation, sector allocation, and security selection
Supported by a team of more than 30 investment professionals
Active management of risk through the use of propriety risk and portfolio management metrics

Core Plus Fixed Income Commentary (PDF)

Core Plus Fixed Income Fact Sheet (PDF)

Core Plus Fixed Income
STYLE

Bloomberg US Aggregate
BENCHMARK

Oct. 1, 2007
INCEPTION

Philosophy

We believe that in order to consistently generate attractive risk-adjusted long-term outperformance, we need to:

Adjust risk through the cycle
Efficiently allocate risk on a relative value basis with an emphasis on downside protection
Drive security selection decisions down to analyst level – “Sector PMs”
Avoid outsized positions in rates

Portfolio Construction

Investment universe includes U.S. Government, agencies, asset-backed securities, mortgage-backed securities, investment grade credit, high yield credit, emerging markets debt, non-USD, and preferred stock
Maximum of 5% in any one issuer (excluding US government issued securities)
Maximum of 30% in non-investment grade security exposure
Maximum of 20% in emerging markets exposure

Strategy Facts

As of 3/31/2024
Assets Under Management	$1.9 billion
eVestment Universe	U.S. Core Plus Fixed Income
Investment Vehicles	Separate Account Mutual Fund Collective Investment Trust Commingled Fund