Core Fixed Income

Our Core Fixed Income strategy seeks to produce risk adjusted long-term total returns above the broad bond market by investing in a core of high quality U.S. fixed income securities across the government, corporate and structured markets. In seeking to exploit inefficiencies in fixed income securities exposed to credit, prepayment and liquidity risks, the Investment team focuses on: optimal security selection; targeting duration-neutral portfolios; and constructing portfolios with attractive risk/reward characteristics.

Assets Under Management:
$1,376.3 million1
Portfolio Managers:

Andrew Kronschnabel, CFA
Alfio Leone, IV, CFA
Benchmark:
Bloomberg Barclays U.S. Aggregate Bond Index2
Inception Date:
October 1, 2000
Available Vehicles:

Separately Managed Accounts

1 Represents total assets included in the Core Fixed Income (“Core FI”) strategy. Based on unaudited estimates and subject to change.

The performance benchmark for the Core Fixed Income (“Core FI”) composite is the Bloomberg Barclays U.S. Aggregate Bond Index, which is a broad based index that measures the investment grade, U.S. dollar denominated, fixed rate, taxable bond market. The benchmark does not reflect holdings in all sectors targeted by the Core strategy. Please see additional Performance Disclosures in the Performance section.

Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). BARCLAYS® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, “Barclays”), used under license. Bloomberg or Bloomberg’s licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

SECTOR WEIGHTS (Range)

Government

Credit
Agency
MBS

CMBS

ABS
Non-Index
Structures

10%–70%

10%–40%

25%–50%

0%–10%

0%–10%

0%–10%

Non-Index Structures include:

  • Capital Securities (Hybrids, Preferreds, Tier 1, Convertibles)
  • Non-Agency MBS
  • U.S. Government and Government Agencies excluded

Investors should carefully consider their investment objectives, risks, fees, charges and expenses before investing any money. To obtain this and other information, please email icg@metlife.com to request more information. Please review the Terms of Use of this site for additional details.