US Taxable Municipal

Investment Objective

Seeks to exceed the benchmark return by 50 basis points annually over the course of a market cycle.

Investment Style

Construct a portfolio using US taxable municipal bonds that are investment grade at the time of purchase and seek to add value through yield curve management, sector allocation and security selection.

Investment Vehicles

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

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 Taxable Municipal Assets:
US$107.6 million (as of June 30, 2017)
Benchmark: Bloomberg BarclaysTaxable Municipal US Aggregate Eligible Index
Inception Date: 01 Jan 14

Sector Allocation as of June 30, 2017

US Taxable Municipal | 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 Taxable Municipal | 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.