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Corporate Credit

Summary

Summary

KEY FACTS as of 06/28/2019


Strategy Inception Date
Dec 2007
Strategy AUM
$2.4 B
Benchmark
Bloomberg Barclays U.S. Credit Bond Index
eVestment Universe
US Corporate Fixed Income

Vehicles


  • This strategy is available as a:
  • Separate Account
  • Mutual Fund
  • UCITS

PORTFOLIO MANAGERS

Andrew H. O'Brien
Andrew H. O'Brien, CFA

Partner & Portfolio Manager

21 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

25 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Supported By 66 Investment Professionals with 15 Years Avg. Industry Experience

Portfolio

Portfolio

Portfolio Breakdownas of 06/28/2019

Type Portfolio
Type Portfolio
Investment Grade Corporate
High Yield Corporate
ABS
U.S. Government Related
CMBS
Bank Loans
Sovereign
MBS
Other
Cash

Credit Quality Distributionas of 06/28/2019

Type Portfolio Index
U.S. Treasury 3.6% -
Agency 0.5% -
AAA 3.5% 8.1%
AA 3.8% 9.7%
A 7.5% 35.9%
BBB 66.2% 46.4%
<BBB 14.9% -
Not Rated 0.1% -

CHARACTERISTICS as of 06/28/2019

Portfolio Index
Portfolio Index
Average Coupon 5.02% 3.98%
Average Life 8.28 Years 10.67 Years
Average Effective Duration 6.11 Years 7.39 Years
Average Yield to Worst 4.13% 3.09%

Performance

Performance

Corporate Credit Institutional Composite

Average Annual Returns as of 05/31/2019

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
Gross of Fees 7.03% 6.63% 5.48% 4.10% 7.66% 6.94%
Net of Fees 6.69% 5.79% 4.66% 3.28% 6.87% 6.20%
Bloomberg Barclays U.S. Credit Bond Index 6.94% 7.40% 3.75% 3.47% 5.78% 5.15%

Calendar Year Returnsas of 05/31/2019

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Gross of Fees -1.92% 7.77% 9.61% -2.33% 8.07% 1.07% 13.39% 7.52% 11.86% 31.54%
Net of Fees -2.70% 6.93% 8.75% -3.09% 7.23% 0.28% 12.52% 6.54% 11.42% 31.03%
Bloomberg Barclays U.S. Credit Bond Index -2.11% 6.18% 5.63% -0.77% 7.53% -2.01% 9.37% 8.35% 8.47% 16.04%

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