The Approach
The Fixed Income Portfolio seeks to generate current income by investing in a diversified set of debt securities with exposures to various currencies, term structures, issuers, collateralization structures and economic sectors. The portfolio is also diversified globally among both developed and emerging market countries.
The Features
The investment objective of the portfolio is current income with a secondary goal of capital appreciation. The portfolio has a flexible mandate, with no constraints on credit quality, duration, geographic region or issuers.
Credit Quality
Key Facts
Allocation
Top 5 Holdings (% weight)
* Blended Bond Index: 65% Barclays US Agg; 20% Barclays US High Yield; 7.5% JP Morgan EM Debt USD; 7.5% JP Morgan EM Debt Local
Sources: Addepar as of June 2023; Bloomberg as of June 2023; Morningstar as of June 2023
Morningstar Portfolio Dates: 03/31/2023 - GSNIX, RCTIX, PELBX, VEGBX, RCIRX, FDBIX; 05/31/2023 - DBLTX; 07/12/2023 - JCPB; 07/13/2023 - JPST, STIP, GOVT
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