US Long Duration Full Discretion

Investment Style

Construct a portfolio predominantly using governments and corporates with duration targets in excess of eight years. This strategy allows for opportunistic investments in high-yield, structured securities, emerging markets and non-dollar securities. Derivatives may be used to enhance portfolio strategy and control risk. Value can be added through sector rotation, yield curve positioning, issue selection and duration management.

Investment Vehicles

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

Performance as of June 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

US Long Duration Full Discretion | Portfolio Characteristics as of June 30, 2018

Snapshot

Strategy AUM: Total US Long Duration Full Discretion Assets:
US$13.5 billion (as of June 30, 2018)
Benchmark: Bloomberg Barclays U.S. Long Govt/ Credit Bond Index
Inception Date: 01 Jan 94

Sector Allocation as of June 30, 2018

US Long Duration Full Discretion | 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.
¹ Notional market value represents derivatives notional market value excluding interbank derivatives.
** Represented by the US Long Duration Government/Credit Full Discretion Composite.