Structured Product Levered

Investment Objective

Maximize total return consistent with prudent investment management.

Investment Style

Construct a diversified portfolio that can opportunistically invest across all sectors of the structured product market including residential and commercial mortgage-backed securities, asset-backed securities, residual, defaulted and unrated securities, collateralized debt and whole loans. These portfolios can also use leverage.

Investment Vehicles

Commingled Vehicle Available

Performance as of September 30, 2017

The Structured Product Levered Composite is not measured against a benchmark. There is no benchmark available which appropriately reflects the strategy of this Composite.

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

Snapshot

Strategy AUM: Total Structured Product Levered Assets:
US$272.5 million (as of June 30, 2017)
Benchmark: No Benchmark*
Inception Date: 01 Mar 10

Sector Allocation as of June 30, 2017

Structured Product Levered | 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

Structured Product Levered | 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.
* The Structured Product Levered Composite is not measured against a benchmark.There is no benchmark available which appropriately reflects the strategy.