The strategy, managed by a team with deep experience investing together through multiple market cycles, utilizes maturity distribution and a trading strategy to capture inefficiencies and opportunities in U.S. inflation protected securities.
Seeks to outperform the Bloomberg Barclays US 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.