Global Bond - WGBI
The Global Bond - WGBI strategy seeks to outperform the Citigroup World Government Bond Index
Primary Benchmark:
Citigroup World Government Bond Index
Strategy Highlights
- Max. <BBB-: 20%
- Emerging market debt: 5-20%
- Max. non-US dollar: 100%
- Max. position size per investment grade corporate issuers: typically 1-1.5%
- Max. position size for below investment grade issuers: typically 0.5%
- Duration typically within +/- 3 years relative to index
The Global Bond Composite-WGBI, includes all discretionary accounts with market values greater than $5 million managed in the Global Bond fixed income investment style. The Composite, which is a sub-composite of the Global Bond Composite, was created in 2008 and includes those accounts within the Global Bond Composite that are benchmarked against the Citigroup World Government Bond Index.
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Primary Benchmark: Citigroup World Government Bond Index
|
Month-End Performance as of 3/31/2013 | Cumulative | Gross | Net | Index |
|---|
| 3 month | -1.76% | -1.82% | -2.77% | | Year-to-date | -1.76% | -1.82% | -2.77% |
Quarter-End Performance as of 3/31/2013 | Cumulative | Gross | Net | Index |
|---|
| 3 month | -1.76% | -1.82% | -2.77% | | Year-to-date | -1.76% | -1.82% | -2.77% |
| Average Annual Total Return | Gross | Net | Index |
|---|
| 1 year | 2.86% | 2.62% | -0.67% | | 3 years | 6.11% | 5.85% | 3.86% | | 5 years | 5.10% | 4.84% | 2.77% | | 10 years | 7.01% | 6.72% | 5.42% |
|
Calendar Year Performance | Year | Gross | Net | Index |
|---|
| 2012 | 6.53% | 6.28% | 1.65% | | 2011 | 5.30% | 5.04% | 6.35% | | 2010 | 8.56% | 8.29% | 5.17% | | 2009 | 17.01% | 16.70% | 2.55% | | 2008 | -2.53% | -2.79% | 10.89% | | 2007 | 9.80% | 9.50% | 10.95% | | 2006 | 8.66% | 8.35% | 6.12% | | 2005 | -6.10% | -6.36% | -6.88% | | 2004 | 11.35% | 11.04% | 10.35% | | 2003 | 21.49% | 21.14% | 14.91% |
|
Past performance does not guarantee future results. Gross returns are net of trading costs. Net returns are gross returns less effective management fees. Returns for multi-year periods are annualized.
Monthly as of 3/31/2013
| Characteristics | |
|---|
| Number of Issues | | | Average Maturity | | | Weighted Average Duration | @ERROR | | Annual Turnover (-1/-1/-1) | % |
| Currency Distribution | |
|---|
| @ERROR% |
| Duration Distribution | |
|---|
| @ERROR% |
Top Ten Holdings
as of 3/31/2013 | % Assets |
|---|
| @ERROR% | |
| Sector Distribution | |
|---|
| 0.00% | | 0.00% |
| Country Distribution | |
|---|
| @ERROR% |
| Maturity Distribution | |
|---|
| @ERROR% |
|
Credit Quality reflects the highest credit rating assigned to individual holdings of the fund among Moody's, S&P or Fitch ratings are subject to change. The Fund's shares are not rated by any rating agency and no credit rating for Fund shares is implied.
Cash & Equivalents reflects unsettled trades, fees and derivatives. Negative Cash & Equivalents reflect the market value of future trade commitments for the fund. In the Sector, Duration and Maturity distributions, the calculations are based on the specific traits of each security related to that distribution, which can result in variations of the Cash & Equivalents weightings.
Due to rounding, quality, maturity, sector, currency, country and duration totals may not equal 100.00%.
Quarterly as of 3/31/2013
| Characteristics | Fund | Index |
|---|
| Number of Issues | | | | Average Maturity | | | | Weighted Average Duration | | | | Annual Turnover (-1/-1/-1) | % | |
| Currency Distribution | Fund | Index |
|---|
| @ERROR% | 0.00% |
| Duration Distribution | Fund | Index |
|---|
| @ERROR% | @ERROR% |
Top Ten Holdings
as of 3/31/2013 | % Assets |
|---|
| @ERROR% | |
| Sector Distribution | Fund | Index |
|---|
| 0.00% | 0.00% | | 0.00% | 0.00% |
| Country Distribution | Fund | Index |
|---|
| @ERROR% | 0.00% |
| Maturity Distribution | Fund | Index |
|---|
| @ERROR% | @ERROR% |
| Credit Quality | Fund | Index |
|---|
| @ERROR% | @ERROR% |
|
Credit Quality reflects the highest credit rating assigned to individual holdings of the fund among Moody's, S&P or Fitch ratings are subject to change. The Fund's shares are not rated by any rating agency and no credit rating for Fund shares is implied.
Cash & Equivalents reflects unsettled trades, fees and derivatives. Negative Cash & Equivalents reflect the market value of future trade commitments for the fund. In the Sector, Duration and Maturity distributions, the calculations are based on the specific traits of each security related to that distribution, which can result in variations of the Cash & Equivalents weightings.
Due to rounding, quality, maturity, sector, currency, country and duration totals may not equal 100.00%.