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FIAM Core Plus
- Emphasis on sector valuation and security selection across fixed income sectors for strong, long-term performance potential
- Independent, broad-based fundamental and proprietary quantitative research that support portfolio construction
- Sophisticated risk management technology
- Disciplined team approach that facilitates multidimensional investment perspectives
Investment Process
For illustrative purposes only.
Key Facts
| Inception date | Nov. 30, 2000 |
|---|---|
| Style focus | Core Plus |
| Duration emphasis | Neutral |
| Benchmark | Bloomberg U.S. Aggregate Bond |
Objective
Seeks to outperform the Bloomberg U.S. Aggregate Bond Index by investing in a full spectrum of investment-grade and non-investment-grade securities.
Investment philosophy and approach
The investment team aims to provide consistent, competitive, risk-adjusted returns and mitigate unexpected downside risk.
- Seeks to generate repeatable sources of return, through sector allocation, security selection, and yield-curve positioning
- Leverages global research capabilities that provide insight to support idea generation for the portfolio
- Utilizes proprietary modeling to inform portfolio construction and risk management
Portfolio Managers
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- This strategy’s performance will change daily based on changes in interest rates and market conditions and in response to other economic, political, or financial developments. Debt securities are sensitive to changes in interest rates depending on their maturity, and may involve the risk that their prices may decline if interest rates rise or, conversely, if interest rates decline, their prices may increase. Debt securities carry the risk of default, prepayment risk, and inflation risk. Changes specific to an issuer, which may involve its financial condition or economic environment, can affect the credit quality or value of an issuer’s securities. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high-yield debt securities) and certain types of other securities are more volatile and are often considered to be speculative and involve greater risk due to increased sensitivity to adverse issuer, political, regulatory, and market developments, especially in periods of general economic difficulty. The value of mortgage securities may change due to shifts in the market’s perception of issuers and changes in interest rates, regulatory or tax changes.
- Derivatives may be volatile and involve significant risk, such as credit risk, currency risk, leverage risk, counterparty risk, and liquidity risk. Using derivatives can disproportionately increase losses and reduce opportunities for gains in certain circumstances. Investments in derivatives may have limited liquidity and may be harder to value, especially in declining markets. Derivatives involve leverage because they can provide investment exposure in an amount exceeding the initial investment. Leverage can magnify investment risks and cause losses to be realized more quickly. A small change in the underlying asset, instrument, or index can lead to a significant loss. Assets segregated to cover these transactions may decline in value and are not available to meet redemptions. Government legislation or regulation could affect the use of these transactions and could limit the ability to pursue such investment strategies.
- The Chartered Financial Analyst (CFA) designation is offered by the CFA Institute. To obtain the CFA charter, candidates must pass three exams demonstrating their competence, integrity, and extensive knowledge in accounting, ethical and professional standards, economics, portfolio management, and security analysis, and must also have at least four years of qualifying work experience, among other requirements.