The Intermediate Core strategy is a fixed income investment management strategy that seeks to provide a total return in excess of the Barclays Intermediate Government/Credit Index. Excess return is achieved primarily through sector rotation and security selection. The strategy manages risk through issue diversification. Portfolio duration is managed in line with the benchmark. Portfolios — when permitted by client guidelines — will invest in non-benchmark sectors opportunistically.
- Typical Corporate holding represents 1% or less of the Total Market Value
- Duration generally limited to ±10% of index
- Weekly stress testing
- Pricing – portfolio marked daily
- Performance monitored daily