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Core Fixed Income
Product Description
An actively-managed portfolio of investment grade fixed income securities, with exposure to the major sectors of the U.S. fixed income market including Treasuries, Agencies, investment grade corporates, asset-backeds, mortgages, and inflation-indexed securities. Portfolio duration is typically in line with the benchmark.
Objective
Seeks to outperform the Barclays Capital Aggregate Bond Index, Citigroup Broad Investment-Grade Bond Index, or equivalent index by approximately 50 basis points over full market cycles, with a tracking error of approximately 100 basis points.
| Target Return: |
Exceed the benchmark by 50 basis points, measured
over a 3 year period |
Projected Tracking
Error: |
100 basis points |
Benchmark: |
Citigroup Broad Investment-Grade Bond Index |
Average Credit Qualtiy: |
AA+ |
Duration: |
4.47 years |
Risk Management
Portfolio risk is systematically measured and budgeted across all portfolio decisions (credit, yield curve, duration, liquidity, etc.) based on our forecast confidence, return and risk expectations and experience. No single decision dominates the contribution to risk or return.
Factsheet
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Copyright ©2008 Brown Brothers Harriman & Co.
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