Multi-Sector Global Total Return
The Global Total Return Strategy seeks to add +200 bps of annualized gross excess return over the Bloomberg Barclays Global Aggregate Index over a full market cycle.1,2 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 also invest a portion of assets in non-investment grade, high yield bonds. 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.