Primarily invests in a broad range of fixed income securities, including investment grade and below investment grade corporate debt, bank loans, emerging markets hard and local currency sovereign and corporate debt, and derivatives. Duration is constrained with an effective duration of less than one year. The portfolios may be customized in terms of target return, permitted asset classes, and major base currency. The strategy aims to achieve total return through broad credit exposure while seeking to provide downside protection. Though the strategy is not managed against a benchmark, performance is measured against a cash target return.
|Benchmark||ICE BofAML 3 Month LIBOR|
Portfolio Managers Industry Start Date
Managing Director, Senior Portfolio Manager—Multi Asset Credit Strategies, Investment Grade Corporates Sector Manager
Portfolio Manager—Multi-Asset Credit Strategies, Securitized Products Sector Manager
Portfolio Manager—Multi-Asset Credit Strategies, Developed Markets Sector Manager