The strategy, managed by a team with deep experience investing together, utilizes the full breadth of the firm’s fundamental research capabilities to identify companies across the market cap spectrum in order to exploit inefficiencies resulting in a differentiated portfolio.
Seeks to outperform the Bloomberg U.S. TIPS Index over a full market cycle.
We believe an inflation-hedged portfolio should be actively managed to exploit market inefficiencies. Our three step approach includes a comparison of current breakeven rates to long-term average inflation rates, an assessment of the new-issue calendar which impacts the maturity distribution, and a quantitative review that calculates the yield of every issue relative to a fitted yield curve for the TIPS market allowing us to take advantage of inefficiencies.
* Most recent quarter returns are not annualized. Past performance does not guarantee future results and there is no assurance that the Strategy will achieve its investment objective.