Yield Advantage Products

The Yield Advantage products feature both actively managed and low volatility portfolios. Emphasis is placed on generating excess returns by achieving a yield advantage versus the benchmark. Customized portfolios are constructed and monitored using a top-down, whole market framework.

Yield Advantage Aggregate

The Yield Advantage Aggregate product is a core fixed income vehicle with accounts with increased credit exposure and mortgage-backed and asset-backed securities, and is measured against the Barclays’ U.S. Aggregate Bond Index.  The product typically has 50-75 holdings with duration ranging from 88 to 112% of the prospective index.

Characteristics

Yield Advantage Intermediate Gov’t/Credit

The Yield Advantage Intermediate Gov’t/ Credit product is a core fixed income vehicle with a one to ten year maturity horizon, and is measured against the Barclays Intermediate Government/Credit Index. The product typically has 40-70 holdings with duration ranging from 90 to 110% of the prospective index.

Characteristics

Yield Advantage Limited Duration

The Yield Advantage Limited Duration product is a core fixed income vehicle with accounts with a one to five year maturity horizon, and is measured against the Bank of America Merrill Lynch 1-3 Year U.S. Corporate/ Government Bond Index.   The product typically has 80-100 holdings with duration ranging from 90 to 110% of the prospective index.

Characteristics

Performance

          Yield Advantage Products Performance - Annual Disclosure Presentations