Euro Core Full Discretion

Investment Objective

Exceed the benchmark return by 100 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 euro-denominated securities. This strategy allows for opportunistic investments in high-yield, emerging markets and non-euro securities. Value can be added through sector rotation, issue selection, yield curve positioning, duration management and non-benchmark exposure. Market risk is controlled by constraining duration exposure.

Investment Vehicles

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

Performance as of September 30, 2017

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


Strategy AUM: Total Euro Core Full Discretion Assets:
€356.8 million (as of June 30, 2017)
Benchmark: Citi Euro Broad Investment-Grade Index*
Inception Date: 01 Mar 02

Sector Allocation as of June 30, 2017

Euro Core Full Discretion | Sector Allocation as of June 30, 2017
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.

Portfolio Characteristics as of June 30, 2017

Euro Core Full Discretion | Portfolio Characteristics as of June 30, 2017
Past performance is not indicative of future investment results, the value of any investment can fall as well as rise.
* Represented by Euro Core Full Discretion Below Investment Grade Composite.