An actively managed portfolio that is tactically weighted among investment grade, high yield, and global dollar denominated bonds. (Tactical weights will range between 0% - 100% investment grade and 0% - 15% non-benchmark securities).
Benchmark
Lehman Brothers Aggregate
Vehicles
Separate account only.
Targets
Duration exposure +/- 25% benchmark.
25-30 issues for retail / 45-50 issues for institutional.
5% maximum credit exposure per issue.
