US Core Full Discretion

Investment Objective

Exceed the benchmark return by 150 basis points annually over the course of a market cycle while approximating benchmark risk.

Investment Style

Construct a portfolio using all major fixed income sectors with a bias towards non-Treasuries. This strategy allows for opportunistic investments in high-yield, emerging markets and non-dollar securities. Value can be added through sector rotation, yield curve positioning, issue selection and duration management.

Investment Vehicles

Separate Account: Contact your CSE or call 1-626-844-9400
Commingled Vehicle Available

Performance as of December 31, 2016

Returns for periods greater than one year are annualized. Please see the Performance Disclosure for more information.

Historical Performance: By Calendar Year

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Snapshot

Strategy AUM: Total US Core Full Discretion Assets:
US$59.0 billion (as of September 30, 2016)
Benchmark: Bloomberg Barclays U.S. Aggregate Bond Index
Inception Date: 01 Feb 93
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Sector Allocation

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Portfolio Characteristics

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Product Commentary

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Past performance is not indicative of future investment results, the value of any investment can fall as well as rise.
¹ Notional market value represents derivatives notional market value excluding interbank derivatives.