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Multi-Sector

Summary

Summary

KEY FACTS as of 12/31/2019


Strategy Inception Date
Apr 1971
Strategy AUM
$17.6 B
Benchmark
Custom Multi-Sector Fixed Income Blended Index
eVestment Universe
US Unconstrained Fixed Income

Vehicles


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

PORTFOLIO MANAGERS

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

19 Years of Industry Experience

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

Partner & Portfolio Manager

22 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

Robert Clark
Robert S. Clark, CFA

Portfolio Manager

23 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Managing Director & Portfolio Manager

12 Years of Industry Experience

Supported By 61 Investment Professionals with 16 Years Avg. Industry Experience

Related Content

The Case for Adding Credit to a Core Bond Portfolio
January 21, 2020

In our view, 2020 remains a year when taking some exposure to risk assets, including credit-sensitive bonds, could potentially be rewarding for fixed-income investors.

Why Credit? Why Now?
November 18, 2019

Our experts review the case for allocating to credit-sensitive assets such as U.S. high yield and short-duration credit in today’s market.

Portfolio

Portfolio

Portfolio Breakdownas of 12/31/2019

Type Portfolio
Type Portfolio
U.S. Investment Grade Corporate
U.S. High Yield Corporate
MBS
Non-U.S. Investment Grade Corporate
Bank Loans
Non-U.S. High Yield Corporate
Equity
Sovereign
U.S. Government Related
CMBS
Municipals
ABS
Convertibles
Cash

Credit Quality Distributionas of 12/31/2019

Type Portfolio
U.S. Treasury 4.0%
Agency 10.8%
AAA 3.1%
AA 7.6%
A 10.8%
BBB 26.7%
BB 18.7%
B 15.5%
<B 2.4%
Not Rated 0.3%

CHARACTERISTICS as of 12/31/2019

Portfolio
Portfolio
Average Coupon 4.77%
Average Maturity 10.25 Years
Average Effective Duration 4.04 Years
Average Yield to Worst 3.96%

Performance

Performance

Multi-Sector Fixed Income Institutional Composite

Average Annual Returns as of 12/31/2019

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
Gross of Fees 14.34% 14.34% 6.89% 6.49% 7.94% 7.53%
Net of Fees 13.89% 13.89% 6.46% 6.07% 7.51% 7.10%
Custom Multi-Sector Fixed Income Blended Index 13.73% 13.73% 6.41% 5.70% 7.13% -

Calendar Year Returnsas of 12/31/2019

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Gross of Fees 14.34% -3.02% 10.13% 13.23% -0.97% 5.41% 8.94% 14.18% 4.89% 14.00%
Net of Fees 13.89% -3.40% 9.69% 12.78% -1.36% 4.99% 8.51% 13.73% 4.47% 13.55%
Custom Multi-Sector Fixed Income Blended Index 13.73% -1.63% 7.69% 11.60% -1.89% 4.58% 8.74% 13.12% 3.17% 13.76%

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