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Multi-Sector

Summary

Summary

KEY FACTS as of 10/31/2019


Strategy Inception Date
Apr 1971
Strategy AUM
$16.7 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

18 Years of Industry Experience

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

Robert Clark
Robert S. Clark, CFA

Portfolio Manager

22 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Managing Director & Portfolio Manager

11 Years of Industry Experience

Supported By 62 Investment Professionals with 15 Years Avg. Industry Experience

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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 10/31/2019

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

Credit Quality Distributionas of 10/31/2019

Type Portfolio
U.S. Treasury 4.5%
Agency 11.1%
AAA 2.7%
AA 7.2%
A 12.9%
BBB 25.9%
BB 18.0%
B 14.7%
<B 2.8%
Not Rated 0.3%

CHARACTERISTICS as of 10/31/2019

Portfolio
Portfolio
Average Coupon 4.78%
Average Maturity 10.38 Years
Average Effective Duration 4.51 Years
Average Yield to Worst 4.10%

Performance

Performance

Multi-Sector Fixed Income Institutional Composite

Average Annual Returns as of 10/31/2019

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
Gross of Fees 12.48% 10.09% 6.90% 6.05% 8.21% 7.51%
Net of Fees 12.11% 9.65% 6.48% 5.63% 7.78% 7.08%
Custom Multi-Sector Fixed Income Blended Index 13.86% 12.20% 6.64% 5.48% 7.57% -

Calendar Year Returnsas of 10/31/2019

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Gross of Fees -3.02% 10.13% 13.23% -0.97% 5.41% 8.94% 14.18% 4.89% 14.00% 36.92%
Net of Fees -3.40% 9.69% 12.78% -1.36% 4.99% 8.51% 13.73% 4.47% 13.55% 36.39%
Custom Multi-Sector Fixed Income Blended Index -1.63% 7.69% 11.60% -1.89% 4.58% 8.74% 13.12% 3.17% 13.76% 44.58%

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