Emerging Markets Debt is a total return fund that incorporates emerging markets debt with a global currency overlay. The team can invest at least 80% of the portfolio in fixed income and floating rate securities that are economically tied to emerging markets.
Strategic Income is an income fund that institutes tactical sector management. The investment team uses an income-focused investment process that offers clients broad securities. The fund has a 50% maximum single sector, and the duration will be within two years of the fund’s benchmark.
Short Duration Strategic Income is an income fund that uses a similar approach by initiating an income-focused investment process capable of providing clients with broad exposure. The fund has a 50% maximum single sector exposure limit, though the shorter duration may help mitigate interest rate risk. The duration for this fund will be within two years of the fund’s benchmark, and abides by the Barclays U.S. Government/Credit 1 – 3 Year Index.
All three funds are available in various share classes, including investor, institutional, A, C, R and R6. As a result, they are available to defined benefit (DB) plan investors as well as defined contribution (DC) plans.