Global Total Return

Investment Style

Construct a portfolio that employs an actively, team-managed investment approach around a long-term, value-oriented investment philosophy. The strategy utilizes an opportunistic fixed-income approach, independent of any traditional bond index benchmark, which seeks to maximize total return through active macro strategies and tactical asset allocation across the global fixed-income opportunity set. It does this primarily by identifying relative value among securities and sectors in the investment-grade global fixed-income and currency markets. Strategies employed include duration and yield curve positioning, currency allocation / hedging, relative-value trading as well as sector rotation and issuer selection; while emphasizing macro strategies.

Investment Vehicles

Separate Account: Contact your Client Service Executive or call 1-626-844-9400
Commingled Vehicle Available

Performance as of September 30, 2018

Returns for periods greater than one year are annualized. Please see the Performance and Risk Disclosures for more detail.

Portfolio Characteristics as of June 30, 2018

Global Total Return | Portfolio Characteristics as of June 30, 2018


Strategy AUM: Total Global Total Return Assets:
US$1.6 billion (as of June 30, 2018)
Benchmark: No Benchmark*
Inception Date: 01 Jan 06

Sector Allocation as of June 30, 2018

Global Total Return | Sector Allocation as of June 30, 2018
Note: Sector allocation includes look-through to any underlying commingled vehicles if held. All weightings are a percentage of total market value. A negative cash position may be reported, which is primarily due to the portfolio's unsettled trade activity. Data may not sum to 100% due to rounding.
IMPORTANT INFORMATION: All investments involve risk including loss of principal. Past performance is not indicative of future investment results. This information is only for use by professional clients, eligible counterparties or qualified investors. It is not aimed at, or for use by, retail clients.
* The Global Total Return Composite is not measured against a benchmark. There is no benchmark available which appropriately reflects the strategy.