US Long Investment Grade Credit Full Discretion

Investment Objective

Exceed the benchmark by 75-100 basis points annually over the course of a market cycle while targeting a tracking error of 100-150 basis points.

Investment Style

Construct and maintain a diversified portfolio of primarily long-dated investment grade credit bonds. This strategy can allow for opportunistic investments in high yield. Value can be added through sector rotation, rating allocation, and issuer/issue selection.

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.

Snapshot

Strategy AUM: Total US Long Investment Grade Credit Full Discretion Assets:
US$2.8 billion (as of June 30, 2017)
Benchmark: Bloomberg Barclays US Long Credit Bond index
Inception Date: 01 Dec 07

Sector Allocation as of June 30, 2017

US Long Investment Grade Credit 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 Long Investment Grade Credit 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.