For Institutional Investors in the US

Core Plus

A flexible core plus fixed income portfolio that leverages a research-driven investment process in seeking to identify the best opportunities across fixed income sectors

View Related Mutual Fund

Overview

ABOUT THIS STRATEGY

Using our broad global research capabilities, we strive to exploit fixed income market inefficiencies by building a structural foundation that we believe serves as a better starting point than traditional benchmarks. We aim to generate additional alpha through sector rotation and security selection and by seeking to take the right amount of risk at each point in the cycle.

INVESTMENT APPROACH

Our Team: A culture of collaboration, global integration and a research-first mentality is the cornerstone to our team’s process.

Disciplined Risk Budgeting: We target repeatable performance by building a structural foundation of more optimal allocations designed to serve as a better starting point than traditional benchmarks.

High Conviction: We dynamically allocate risk across market cycles and invest with conviction, with bottom-up research expected to drive excess returns.

Featured Insight

Fixed Income Perspectives

Quarterly insight from our fixed income teams to help clients navigate the risks and opportunities ahead.

Read More

PORTFOLIO MANAGEMENT

Greg Wilensky, CFA

Greg Wilensky, CFA

Head of U.S. Fixed Income | Portfolio Manager

Industry since 1993. Joined Firm in 2020.

Michael Keough

Michael Keough

Portfolio Manager

Industry since 2006. Joined Firm in 2007.

Performance

RETURNS (%) (As of 08/31/2023)
Composite Gross Composite Net Bloomberg U.S. Aggregate Bond Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(01/01/1993)
Composite Gross -0.98 1.55 -1.43 -3.53 1.54 2.23 5.94
Composite Net -1.08 1.27 -1.85 -3.93 1.13 1.87 5.44
Bloomberg U.S. Aggregate Bond Index -1.06 1.37 -1.19 -4.41 0.49 1.48 4.50
Past performance cannot guarantee future results. Investing involves risk, including the possible loss of principal and fluctuation of value. Returns greater than one year are annualized. Returns are expressed in U.S. dollars unless otherwise stated. Composite returns are net of transaction costs and gross of non-reclaimable withholding taxes (if any and unless otherwise noted), and reflect the reinvestment of dividends and other earnings.
The gross performance results presented do not reflect the deduction of investment advisory fees. Returns will be reduced by such advisory fees and other expenses as described in the individual contract and, where applicable, Form ADV Part 2A.
Net performance results do not reflect the deduction of investment advisory fees actually charged to the accounts in the composite but do reflect the deduction of model investment advisory fees based on the maximum fee rate in effect for the respective time period, adjusted for performance-based fees where applicable. Actual advisory fees may vary among clients invested in the strategy and may be higher or lower than model fees. Returns for each client will be reduced by such fees and expenses as described in the individual contract and, where applicable, in Form ADV Part 2A.
For a complete list of holdings as of the most recently available disclosure period, contact us.
RETURNS (%) (As of 06/30/2023)
Composite Gross Composite Net Bloomberg U.S. Aggregate Bond Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(01/01/1993)
Composite Gross -1.07 1.97 -0.93 -2.87 1.78 2.27 5.99
Composite Net -1.17 1.76 -1.35 -3.27 1.38 1.90 5.49
Bloomberg U.S. Aggregate Bond Index -0.84 2.09 -0.94 -3.97 0.77 1.52 4.55
Past performance cannot guarantee future results. Investing involves risk, including the possible loss of principal and fluctuation of value. Returns greater than one year are annualized. Returns are expressed in U.S. dollars unless otherwise stated. Composite returns are net of transaction costs and gross of non-reclaimable withholding taxes (if any and unless otherwise noted), and reflect the reinvestment of dividends and other earnings.
The gross performance results presented do not reflect the deduction of investment advisory fees. Returns will be reduced by such advisory fees and other expenses as described in the individual contract and, where applicable, Form ADV Part 2A.
Net performance results do not reflect the deduction of investment advisory fees actually charged to the accounts in the composite but do reflect the deduction of model investment advisory fees based on the maximum fee rate in effect for the respective time period, adjusted for performance-based fees where applicable. Actual advisory fees may vary among clients invested in the strategy and may be higher or lower than model fees. Returns for each client will be reduced by such fees and expenses as described in the individual contract and, where applicable, in Form ADV Part 2A.
For a complete list of holdings as of the most recently available disclosure period, contact us.
Calendar Year Returns (%)
Composite Gross Composite Net Bloomberg U.S. Aggregate Bond Index
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Composite Gross -13.18 -0.32 11.25 10.33 -0.59 4.19 3.06 0.77 5.44 0.48
Composite Net -13.55 -0.74 10.79 9.94 -0.93 3.83 2.76 0.46 5.12 0.18
Bloomberg U.S. Aggregate Bond Index -13.01 -1.54 7.51 8.72 0.01 3.54 2.65 0.55 5.96 -2.02

Documents

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
Related Insights
Global Perspectives: Opportunities in equities, fixed income, and multi-asset investing
Sep 18, 2023
Features & Outlooks

Global Perspectives: Opportunities in equities, fixed income, and multi-asset investing

A discussion of current opportunities in equities and fixed income, and why we see a more attractive environment for multi-asset portfolios ahead.

30 min read

Fitch U.S. credit rating downgrade: What does it mean for fixed income investors?
Aug 2, 2023
Timely & Topical

Fitch U.S. credit rating downgrade: What does it mean for fixed income investors?

The potential impact for fixed income investors of Fitch’s downgrade of the U.S. long-term credit rating.

5 min read

Janus Henderson Corporate Debt Index
Jul 25, 2023
Analysis & Studies

Janus Henderson Corporate Debt Index

The Corporate Debt Index is a long-term study into trends in company indebtedness around the world, the investment opportunities this provides and the risks it presents.

2 min read