Multi-Sector Global Core
The investment objective of the Global Core Strategy is to outperform Bloomberg Barclays Global Aggregate Index (the "Index") or similar index by +100 bps over a full market cycle.1,2 The Global Core Fixed Income Strategy seeks alpha from across the global fixed income sectors. The majority of issues are included in its benchmark, the Bloomberg Barclays Global Aggregate Index. The Strategy invests in debt securities of developed and emerging foreign corporations and governments (including supranational organizations, semi-governmental entities, or government agencies); in investment-grade developed market mortgages and mortgage-related securities; and in developed and emerging short-term and long-term bank debt securities or bank deposits. We look mostly for investment-grade securities denominated in U.S. dollars or foreign currencies but may opportunistically invest a portion of assets in non-investment grade, high yield bonds, if permitted by client guidelines. The Strategy may invest in derivatives to generate alpha and hedge risk exposures.
1 There is no guarantee that these objectives will be met.
2 On average, over a full market cycle defined as three to five years.