Overview

Performance
Performance
Growth of Hypothetical $10,000
Distributions
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Returns
The Fund’s returns prior to September 17, 2018 are the returns of a predecessor fund that reorganized into the Fund on September 17, 2018. The predecessor fund had the same investment objectives, strategies and policies, portfolio management team and contractual arrangements, including the same contractual fees and expenses, as the Fund as of the date of the reorganization. As a result, the performance of the Fund would have been substantially similar to that of the predecessor fund.
Key Facts
Key Facts
Portfolio Characteristics
Portfolio Characteristics
ESG Integration
ESG Integration
ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.
The Fund manager includes ESG considerations in the investment research, portfolio construction, and investment monitoring phases of the investment process. The Fund manager maintains internal ESG scorecards for new primary issuers under consideration for investment and existing issuers of publicly traded securities. These scorecards analyze and track internal and external research views across a range of environmental, social, and governance factors sourced from primary and third party ESG information and research. Portfolio management teams consider the sector and issuer ESG views and scores when selecting individual investments during portfolio construction. ESG factors are debated and considered in investment decisions. The Fund manager also considers ESG criteria during post-investment monitoring and conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks.
Ratings
Ratings
Holdings
Holdings
Name | Fund Weight (%) |
---|---|
AMERICAN AIRLINES PASS THROUGH TRUSTS | 4.46 |
ADVANCED MICRO DEVICES INC | 4.02 |
ITRAXX.EUR.34.V1 | 3.76 |
DEUTSCHE TELEKOM AG | 2.83 |
BROADCOM INC | 2.01 |
Name | Fund Weight (%) |
---|---|
VODAFONEZIGGO GROUP HOLDING BV | 1.91 |
DUN & BRADSTREET HOLDINGS INC | 1.85 |
TELECOM ITALIA SPA | 1.64 |
LIBERTY GLOBAL PLC | 1.64 |
HCA INC | 1.60 |
Name | Weight (%) |
---|---|
AMERICAN AIRLINES PASS THROUGH TRUSTS | 4.46 |
ADVANCED MICRO DEVICES INC | 4.02 |
ITRAXX.EUR.34.V1 | 3.76 |
DEUTSCHE TELEKOM AG | 2.83 |
BROADCOM INC | 2.01 |
Name | Weight (%) |
---|---|
VODAFONEZIGGO GROUP HOLDING BV | 1.91 |
DUN & BRADSTREET HOLDINGS INC | 1.85 |
TELECOM ITALIA SPA | 1.64 |
LIBERTY GLOBAL PLC | 1.64 |
HCA INC | 1.60 |
Name | Fund Weight (%) |
---|---|
ITRAXX.FINSUB.34.V1 | -8.60 |
ITRAXX.XO.34.V1 | -5.54 |
CDX.NA.HY.35.V1 | -4.18 |
CATERPILLAR INC | -1.78 |
REPSOL SA | -1.60 |
Name | Fund Weight (%) |
---|---|
SOUTHWEST AIRLINES CO | -1.55 |
CITIGROUP INC | -1.39 |
NEXT PLC | -1.26 |
ITRAXX.FINSR.34.V1 | -1.23 |
ARD HOLDINGS SA | -1.11 |
Exposure Breakdowns
Exposure Breakdowns
% of Market Value
% of Market Value
% of Market Value
% of Market Value
These sectors may contain hedge positions intended to bring the portfolio to a neutral duration and/or currency positioning and are not deemed active credit positions.
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management.
Allocations are subject to change.
Portfolio Managers
Portfolio Managers



