Core Plus Fixed Income

Our Core Plus Fixed Income strategy seeks to outperform the broad fixed income market by investing in a core of high quality U.S. fixed income securities across the government, corporate and structured markets, supplemented with U.S. high yield bonds and international bonds in both established and emerging 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:
$1,512.9 million1
Portfolio Managers:

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

Commingled Vehicles
Mutual Fund
Separately Managed Accounts

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

2 The performance benchmark for the Core Plus Fixed Income composite ("Core Plus") 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. 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

Plus Sectors

5%–40%

15%–50%

15%–50%

0%–10%

0%–10%

0%–20%

Plus sectors are defined as:

  • High Yield / Bank Loans
  • Non-Agency Mortgage Backed Securities
  • U.S. dollar & Local Currency Emerging Markets
  • Capital securities (Tier 1, Preferreds, Hybrids, Convertibles)
  • Non-U.S. dollar denominated debt

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.