US TIPS Full Discretion

Investment Objective

Exceed the benchmark return by an average of 100 basis points annually over the course of a market cycle while approximating benchmark risk.

Investment Style

Construct a well-diversified, higher-yielding inflation-protected portfolio with a bias towards Treasury Inflation-Protected Securities (TIPS). Exposure to the diversifying sectors (which include credit, global inflation-linked securities and mortgage-backed securities) may be derived through derivative and forward transactions. This strategy allows for opportunistic investments in high-yield, emerging markets, non-dollar securities, commodities and bank loans.

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 US TIPS Full Discretion Assets:
US$3.0 billion (as of June 30, 2017)
Benchmark: Bloomberg Barclays U.S. TIPS Index (Series L)
Inception Date: 01 Aug 03

Sector Allocation as of June 30, 2017

US TIPS 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

US TIPS 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.