Exchange Traded Funds Eligible for Reporting as a Schedule D Bond

Size: px
Start display at page:

Download "Exchange Traded Funds Eligible for Reporting as a Schedule D Bond"

Transcription

1 Exchange Traded Funds Eligible for Reporting as a Schedule D Bond ETF NAME db X-trackers Municipal Infrastructure Revenue Bond Fund Franklin Short Duration U.S. Government ETF ishares Global High Yield Corporate Bond ETF ishares Global ex USD High Yield Corporate Bond ETF ishares Emerging Markets Corporate Bond ETF ishares Emerging Markets High Yield Bond ETF ishares Emerging Markets Local Currency Bond ETF ishares TIPS Bond ETF ishares Core U.S. Aggregate Bond ETF ishares iboxx $ Investment Grade Corporate Bond ETF ishares 20+ Year Treasury Bond ETF ishares 7-10 Year Treasury Bond ETF ishares 1-3 Year Treasury Bond ETF ishares International Treasury Bond ETF ishares 1-3 Year International Treasury Bond ETF ishares Short-Term National AMT-Free Muni Bond ETF ishares Agency Bond ETF ishares J.P. Morgan USD Emerging Markets Bond ETF ishares New York AMT-Free Muni Bond ETF ishares California AMT-Free Muni Bond ETF ishares National AMT-Free Muni Bond ETF ishares iboxx $ High Yield Corporate Bond ETF ishares MBS ETF ishares Government/Credit Bond ETF ishares Intermediate Government/Credit Bond ETF ishares Core U.S. Credit Bond ETF ishares Intermediate Credit Bond ETF ishares 1-3 Year Credit Bond ETF ishares Year Treasury Bond ETF Page 1 of 5

2 ishares 3-7 Year Treasury Bond ETF ishares Short Treasury Bond ETF ishares ibonds Sep 2017 AMT-Free Muni Bond ETF ishares ibonds Sep 2016 AMT-Free Muni Bond ETF ishares Core Long-Term USD Bond ETF ishares 10+ Year Credit Bond ETF ishares Utilities Bond ETF ishares Industrials Bond ETF ishares Financials Bond ETF ishares Core U.S. Treasury Bond ETF ishares Aaa - A Rated Corporate Bond ETF ishares Core GNMA Bond ETF ishares CMBS ETF ishares ibonds Sep 2019 AMT-Free Muni Bond ETF ishares ibonds Sep 2018 AMT-Free Muni Bond ETF ishares Floating Rate Bond ETF ishares 0-5 Year TIPS Bond ETF ishares International Inflation-Linked Bond ETF ishares Global Inflation-Linked Bond ETF ishares Short Maturity Bond ETF (Active Fund) ishares Baa - Ba Rated Corporate Bond ETF ishares B - Ca Rated Corporate Bond ETF ishares Core Short-Term USD Bond ETF ishares ibonds Mar 2018 Corporate ex-financials ETF ishares ibonds Mar 2020 Corporate ex-financials ETF ishares ibonds Mar 2023 Corporate ex-financials ETF ishares ibonds Mar 2018 Corporate ETF ishares ibonds Mar 2023 Corporate ETF ishares ibonds Mar 2020 Corporate ETF ishares 0-5 Year Investment Grade Corporate Bond ETF ishares 0-5 Year High Yield Corporate Bond ETF 46429B B B B B B B B B B B B B W F F F FAG FAK FAN FAW FAZ FBC V V407 Page 2 of 5

3 ishares ibonds Sep 2020 AMT-Free Muni Bond ETF ishares Core Total USD Bond Market ETF ishares Yield Optimized Bond ETF ishares Treasury Floating Rate Bond ETF ishares Liquidity Income ETF (Active Fund) ishares ibonds Dec 2018 Corporate ETF ishares ibonds Dec 2016 Corporate ETF ishares ibonds Dec 2020 Corporate ETF ishares ibonds Dec 2017 Corporate ETF ishares ibonds Dec 2019 Corporate ETF ishares ibonds Dec 2023 Corporate ETF ishares ibonds Dec 2022 Corporate ETF ishares ibonds Dec 2025 Corporate ETF ishares ibonds Dec 2024 Corporate ETF ishares ibonds Dec 2021 Corporate ETF ishares ibonds Dec 2022 AMT-Free Muni Bond ETF ishares ibonds Dec 2021 AMT-Free Muni Bond ETF Market Vectors Investment Grade Floating Rate ETF Market Vectors Emerging Markets Local Currency Bond ETF Market Vectors Intermediate Municipal Index ETF Market Vectors High Yield Municipal Index ETF Market Vectors International High Yield Bond ETF Market Vectors Emerging Markets High Yield Bond ETF PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund PowerShares Senior Loan Portfolio PowerShares International Corporate Bond Portfolio PowerShares Fundamental High Yield Corporate Bond Portfolio PowerShares Emerging Markets Sovereign Debt Portfolio PowerShares Build America Bond Portfolio SPDR Barclays Issuer Scored Corporate Bond ETF SPDR Barclays Capital International Corporate Bond ETF 46434V V V V V VAA VAJ VAQ VAR VAU VAX VBA VBD VBG VBK G G U U U U R R R Q Q T T B A A151 Page 3 of 5

4 SPDR Nuveen Barclays Capital Build America Bond ETF SPDR Nuveen S&P High Yield Municipal Bond ETF SPDR Barclays Capital Short Term International Treasury Bond ETF SPDR Barclays Capital Long Term Corporate Bond ETF SPDR Barclays Capital Intermediate Term Corporate Bond ETF SPDR Barclays Capital Mortgage Backed Bond ETF SPDR Barclays Capital Emerging Markets Local Bond ETF SPDR Barclays Capital High Yield Bond ETF SPDR Nuveen Barclays Capital Short Term Municipal Bond ETF SPDR Nuveen Barclays Capital New York Municipal Bond ETF SPDR Nuveen Barclays Capital California Municipal Bond ETF SPDR Nuveen Barclays Capital Municipal Bond ETF SPDR Barclays Capital Short Term Corporate Bond ETF SPDR DB International Government Inflation-Protected Bond ETF SPDR Barclays Capital International Treasury Bond ETF SPDR Barclays Capital Aggregate Bond ETF SPDR Barclays Capital TIPS ETF SPDR Barclays Capital 1-3 Month T-Bill ETF SPDR Barclays Capital Intermediate Term Treasury ETF SPDR Barclays Capital Long Term Treasury ETF SPDR Blackstone / GSO Senior Loan ETF SPDR SsGA Ultra Short Term Bond ETF SPDR Barclays Capital Short Term Treasury ETF SPDR Barclays Capital Investment Grade Floating Rate ETF SPDR Barclays Capital Short Term High Yield Bond ETF SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF SPDR BofA Merrill Lynch Crossover Corporate Bond ETF SPDR Barclays International High Yield Bond ETF 78464A A A A A A A A A A A A A A A A A A A A V V R R R R R R846 Vanguard Extended Duration Treasury ETF Vanguard Long-Term Bond Index Fund Vanguard Intermediate-Term Bond Index Fund Page 4 of 5

5 Vanguard Short-Term Bond Index Fund Vanguard Total Bond Market Index Fund Vanguard Emerging Markets Government Bond ETF Vanguard Short-Term Inflation-Protected Securities ETF Vanguard Total International Bond ETF Vanguard Short-Term Government Bond ETF Vanguard Short-Term Corporate Bond ETF Vanguard Intermediate-Term Government Bond ETF Vanguard Mortgage-Backed Securities Index Fund Vanguard Long-Term Corporate Bond ETF Vanguard Long-Term Government Bond ETF Vanguard Intermediate-Term Corporate Bond ETF Wisdomtree Barclays US Aggregate Bond Enhanced Yield Fund WisdomTree Strategic Corporate Bond ETF WisdomTree Emerging Markets Corporate Bond ETF WisdomTree Asia Local Debt Fund ETF WisdomTree Emerging Markets Local Debt Fund ETF 92203J C C C C C C C X X X X X867 Page 5 of 5

Ultimate ETF Income Guide: Bond ETFs

Ultimate ETF Income Guide: Bond ETFs Ultimate ETF Income Guide: Bond ETFs > By David and Michael Fabian At FMD Capital Management, our goal is to provide you with tools to enhance your income investing returns. With that goal in mind, we

More information

ishares Fixed Income Product Overview (as of 5/13/16)

ishares Fixed Income Product Overview (as of 5/13/16) Ticker Weighted Average Maturity (yrs) Maturity & Risk Yields (%) Fund Information Effective Duration Option Adjusted Spread (OAS) (%) 30-Day SEC Unsubsidized 30-Day SEC 30-Day Tax Equiv # of Fund Holdings

More information

Fixed Income: Liquidity Risks & Unique Opportunities. Spencer Bogart ETF Specialist

Fixed Income: Liquidity Risks & Unique Opportunities. Spencer Bogart ETF Specialist Fixed Income: Liquidity Risks & Unique Opportunities Spencer Bogart ETF Specialist ETF.com Agenda & Takeaways Bond ETFs: Exposing Fixed Income Opportunities Takeaway: ETF opportunities to tailor your client

More information

PORTFOLIO HOLDINGS FOR ALLIANZGI RETIREMENT INCOME FUND (As of December 31, 2015)

PORTFOLIO HOLDINGS FOR ALLIANZGI RETIREMENT INCOME FUND (As of December 31, 2015) (As of December 31, 2015) valuation, extension and liquidity risks and the risk that payments on the underlying assets are delayed, prepaid, subordinated or defaulted on. Foreign markets may be more volatile,

More information

Bond Market Perspectives

Bond Market Perspectives LPL FINANCIAL RESEARCH Bond Market Perspectives August 6, 2013 It s a Grind Anthony Valeri, CFA Market Strategist LPL Financial Highlights Bond market performance is still attempting to stabilize. This

More information

Hillswick Asset Management, LLC Core Fixed Income Composite

Hillswick Asset Management, LLC Core Fixed Income Composite Year End (Millions) USD (Millions) Assets Number of Accounts Hillswick Asset Management, LLC Core Fixed Income Gross Aggregate Gov't/Credit Dispersion Barclays Capital Aggregate Gov't/Credit 2014 1,372

More information

Bond Market Perspectives

Bond Market Perspectives LPL FINANCIAL RESEARCH Bond Market Perspectives October 1, 2013 Many Happy Returns Anthony Valeri, CFA Market Strategist LPL Financial Highlights September bond market performance saw gains across all

More information

J.J. Schenkelberg, CFA, Senior Portfolio Manager Case Eichenberger, Client Portfolio Manager

J.J. Schenkelberg, CFA, Senior Portfolio Manager Case Eichenberger, Client Portfolio Manager BEYOND THE AGG: 3 SOLUTIONS TO PUMP UP YIELD ON A TRADITIONAL BOND ETF PORTFOLIO J.J. Schenkelberg, CFA, Senior Portfolio Manager Case Eichenberger, Client Portfolio Manager For Professional Use Only.

More information

Quarterly Asset Class Report Institutional Fixed Income

Quarterly Asset Class Report Institutional Fixed Income Quarterly Asset Class Report Institutional Presentation To: Presented By: canterburyconsulting.com September 30, 015 Role in the Canterbury Consulting recommends and communicates asset-class strategy with

More information

HSBC World Selection Funds April 30, 2016. Monthly Factsheets Class A and C Shares. Investment products: ARE NOT A BANK ARE NOT DEPOSIT OR

HSBC World Selection Funds April 30, 2016. Monthly Factsheets Class A and C Shares. Investment products: ARE NOT A BANK ARE NOT DEPOSIT OR HSBC World Selection Funds April 30, 2016 Monthly Factsheets Class A and C Shares Aggressive Strategy Fund Balanced Strategy Fund Moderate Strategy Fund Conservative Strategy Fund Income Strategy Fund

More information

Model Bucket Portfolios for Retirement. Christine Benz March 21, 2015

Model Bucket Portfolios for Retirement. Christine Benz March 21, 2015 Model Bucket Portfolios for Retirement Christine Benz March 21, 2015 Why is bucketing necessary? The old three-legged stool for retirement is wobbly for many retirees and soon-to-be retirees. Social Security

More information

After The Dust Settles: Fixed Income in a Rising Rate Environment

After The Dust Settles: Fixed Income in a Rising Rate Environment After The Dust Settles: Fixed Income in a Rising Rate Environment BY DAVID B. MAZZA, HEAD OF ETF INVESTMENT STRATEGY, AMERICAS, STATE STREET GLOBAL ADVISORS With abnormally low yields over the last few

More information

TOP TEN ETF QUESTIONS

TOP TEN ETF QUESTIONS TOP TEN ETF QUESTIONS FROM INSURERS FREQUENTLY ASKED QUESTIONS 1. How are ishares ETFs being utilized by insurers in general account portfolios? According to a 2014 report by Greenwich Associates, insurers

More information

Investment Performance Summary

Investment Performance Summary Investment Performance Summary As of 3/31/2015 Individual Investment Options YTD 1 Month 3 Month 1 Blended Equity Benchmark S&P 500 TR USD MSCI ACWI Ex USA NR USD Intermediate-Term Fixed Income TR Intermediate-Term

More information

ETF Investment Solutions How to Target the Bond Market s Sweet Spot with Crossover Bonds

ETF Investment Solutions How to Target the Bond Market s Sweet Spot with Crossover Bonds ETF Investment Solutions How to Target the Bond Market s Sweet Spot with Crossover Bonds CONTENTS I. ASSET CLASS BACKGROUND What Are Crossover Bonds? II. CHARACTERISTICS OF CROSSOVER BONDS What Are the

More information

The Case for Senior Loans

The Case for Senior Loans The Case for 1.877.622.5552 www.firsttrust.ca : A Potential Opportunity for Investors With interest rates at historically low levels, these are challenging times to invest for income. At the same time,

More information

Evolving your fixed income strategy

Evolving your fixed income strategy Evolving your fixed income strategy 3Q 2015 INVESTMENT INSIGHTS NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE PLEASE VISIT jpmorganfunds.com for access to all of our Insights publications. Opportunities

More information

Asset Allocation Model Portfolios

Asset Allocation Model Portfolios February 2014 Asset Allocation Model Portfolios Christopher Eckert Portfolio Management Director Senior Vice President/Financial Advisor 320 Post Road West Westport, CT 06880 PHONE: 203-222-4057 TOLL-FREE:

More information

Dimensional vs. ETF After-Tax Comparison

Dimensional vs. ETF After-Tax Comparison Dimensional vs. ETF After-Tax Comparison Data as of March 31, 2014 This information is provided for institutional investors and registered investment advisors, and is not intended for public use. Dimensional

More information

Fixed Income ETFs and the Corporate Bond Liquidity Challenge Greg Walker, CFA Managing Director, Head of ishares Business Development

Fixed Income ETFs and the Corporate Bond Liquidity Challenge Greg Walker, CFA Managing Director, Head of ishares Business Development Fixed Income ETFs and the Corporate Bond Liquidity Challenge Greg Walker, CFA Managing Director, Head of ishares Business Development March 3, 2015 For professional clients / qualified investors only Agenda

More information

VIP Benchmark Glossary

VIP Benchmark Glossary VIP Benchmark Glossary Benchmark descriptions in this document are effective as of December 12, 2014. A benchmark is an industry-standard method to measure the overall performance of specific types of

More information

Case study: Making the move into investment grade corporates

Case study: Making the move into investment grade corporates National Asset-Liability Management Europe Case study: Making the move into investment grade corporates Tomas Garbaravičius 3 March 2016 London Outline The reasoning behind the decision to corporate bonds

More information

Is it time to hire a professional to manage your bonds?

Is it time to hire a professional to manage your bonds? Is it time to hire a professional to manage your bonds? Today s bond markets are more complex Finding the right bonds can be difficult. The bond markets are large and complex, and it takes a lot of homework

More information

WHAT ROLE DO BONDS PLAY IN YOUR PORTFOLIO? Guard Against Interest Rate Risk and Credit Events

WHAT ROLE DO BONDS PLAY IN YOUR PORTFOLIO? Guard Against Interest Rate Risk and Credit Events RETHINK YOUR BONDS Building Better Bond Portfolios Interest rates may inch up this year, but expect them to be low for some time to come. You can continue to achieve your fixed income goals in this environment

More information

High-Yield Spread U.S. 10-Year Treasury Yield Investment Grade Spread

High-Yield Spread U.S. 10-Year Treasury Yield Investment Grade Spread WisdomTree ETFs BOFA MERRILL LYNCH HIGH YIELD BOND ZERO DURATION FUND HYZD The U.S. high-yield bond market has been one of the best-performing subsets of the fixed income investable universe over the past

More information

Reframing Expectations

Reframing Expectations Reframing Expectations Recognizing the Challenges and Opportunities in Fixed Income By Baird s Asset Manager Research HIGHLIGHTS: Even if facing headwinds, bonds still serve important roles in a portfolio,

More information

WORLD BANK GROUP SENIOR MANAGEMENT TEAM AND VICE PRESIDENTS. FINANCIAL DISCLOSURE FOR CALENDAR YEAR 2011 Summary for Public Disclosure

WORLD BANK GROUP SENIOR MANAGEMENT TEAM AND VICE PRESIDENTS. FINANCIAL DISCLOSURE FOR CALENDAR YEAR 2011 Summary for Public Disclosure WORLD BANK GROUP SENIOR MANAGEMENT TEAM AND VICE PRESIDENTS FINANCIAL DISCLOSURE FOR CALENDAR YEAR 2011 Summary for Public Disclosure Name: Position/Title: WBG Organization: Robert Irving Kopech Vice President

More information

I-2 Fixed Income Portfolio Review

I-2 Fixed Income Portfolio Review I-2 Fixed Income Portfolio Review Committee on Investments/ Investment Advisory Group May 6, 2009 4Q 2008 Market Environment Lehman bankruptcy in September 2008 triggered the period of maximum stress for

More information

Spectrum of Investment Options

Spectrum of Investment Options Kentucky Deferred Comp Spectrum of Investment Options Your guide to available investment options. Tier 1 Target Date Funds, Balanced Fund Target Date Funds Vanguard Target Retirement Funds (in five-year

More information

POPULAR BOND INDEXES MAY CONTAIN SIGNIFICANT EXPOSURE TO NON-U.S. ISSUERS. Non-U.S. Exposure in the Most Popular Corporate Bond Indexes

POPULAR BOND INDEXES MAY CONTAIN SIGNIFICANT EXPOSURE TO NON-U.S. ISSUERS. Non-U.S. Exposure in the Most Popular Corporate Bond Indexes WisdomTree ETFs STRATEGIC CORPORATE BOND FUND CRDT In the current market environment, investors have increasingly targeted corporate bonds 1 as one approach to enhance income in their portfolios. Through

More information

Exchange-Traded Funds

Exchange-Traded Funds Exchange-Traded Funds NORTH AMERICA MICHAEL JABARA Morgan Stanley Wealth Management Michael.Jabara@morganstanley.com +1 212 296-5101 DAVID PERLMAN Morgan Stanley Wealth Management David.Perlman@morganstanley.com

More information

Exchange-Traded Funds

Exchange-Traded Funds Exchange-Traded Funds NORTH AMERICA MICHAEL JABARA Morgan Stanley Wealth Management Michael.Jabara@morganstanley.com +1 212 296-2626 JOHN DUGGAN Morgan Stanley Wealth Management John.Duggan@morganstanley.com

More information

Vanguard UK Short-Term Investment Grade Bond Index Fund

Vanguard UK Short-Term Investment Grade Bond Index Fund Vanguard UK Short-Term Investment Grade Bond Index Fund May 2013 LAUNCH BRIEFING Fund summary The Vanguard UK Short-Term Investment Grade Bond Index Fund expands the low-cost asset allocation building

More information

Our verdict is in: Offshore high yield exchange-traded funds don t deliver

Our verdict is in: Offshore high yield exchange-traded funds don t deliver For investment professionals only - not for use by retail investors Our verdict is in: Offshore high yield exchange-traded funds don t deliver November 2014 The explosive growth witnessed by ETFs in the

More information

DFA INVESTMENT DIMENSIONS GROUP INC.

DFA INVESTMENT DIMENSIONS GROUP INC. PROSPECTUS February 28, 2015 Please carefully read the important information it contains before investing. DFA INVESTMENT DIMENSIONS GROUP INC. DFA ONE-YEAR FIXED INCOME PORTFOLIO Ticker: DFIHX DFA TWO-YEAR

More information

Exchange-Traded Funds

Exchange-Traded Funds Exchange-Traded Funds NORTH AMERICA MICHAEL JABARA Morgan Stanley Wealth Management Michael.Jabara@morganstanley.com +1 212 296-5101 JOHN DUGGAN Morgan Stanley Wealth Management John.Duggan@morganstanley.com

More information

Key Ingredients for Successful Retirement Portfolios

Key Ingredients for Successful Retirement Portfolios Key Ingredients for Successful Retirement Portfolios University of Wisconsin-Madison Retirement Association Christine Benz Director of Personal Finance, Morningstar, Inc. September 18, 2012 The Changing

More information

Fixed Income Markets Then and Now

Fixed Income Markets Then and Now Fixed Income Markets Then and Now Jason B. Stewart, CIMA Regional Director, Managed Accounts December 4, 2015 Pacific Region Investment Conference Bond Types and Considerations Municipal Government Corporate

More information

DUTCH COMMISSION ON BONDS A Standing Committee of Dutch Society of Financial Analysts, VBA

DUTCH COMMISSION ON BONDS A Standing Committee of Dutch Society of Financial Analysts, VBA DUTCH COMMISSION ON BONDS A Standing Committee of Dutch Society of Financial Analysts, VBA October 16th, 2003 London High Yield Bond Indices Introduction Objectives Features of High Yield Market Benchmark

More information

The Risk of Fixed Income Indexing vs. Active Multi-Sector Management

The Risk of Fixed Income Indexing vs. Active Multi-Sector Management Pioneer Perspectives TM May 2012 The Risk of Fixed Income Indexing vs. Active Multi-Sector Management A Different Future for Fixed Income Investors? Tepid economic growth coupled with volatile equity markets

More information

9/30/81: 15.84% Real yield average: 2.46% Real 10-year Treasury yield 12/31/15: 0.25% -5% 58 63 68 73 78 83 88 93 98 03 08 13

9/30/81: 15.84% Real yield average: 2.46% Real 10-year Treasury yield 12/31/15: 0.25% -5% 58 63 68 73 78 83 88 93 98 03 08 13 NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE INVESTMENT INSIGHTS Building better fixed income portfolios 1Q 2016 PLEASE VISIT jpmorganfunds.com for access to all of our Insights publications. Get

More information

Time to Invest in Short-Term Bonds?

Time to Invest in Short-Term Bonds? First Quarter 2010 Time to Invest in Short-Term Bonds? Executive Summary This paper outlines why now may be an opportune time to invest in short-term bonds. We believe short-term bonds offer: Less downside

More information

Global Markets Insights

Global Markets Insights Global Markets Insights Inefficiencies and opportunities in today s fixed-income markets Agenda Today s fixed-income asset-allocation challenge 1 Volatility expectations 2 Correlation expectations 3 Return

More information

Fresno County Employees Retirement System Core Plus & MSFD

Fresno County Employees Retirement System Core Plus & MSFD Fresno County Employees Retirement System Core Plus & MSFD November 2, 2011 PRESENTED BY Stephanie S. Lord, CFA, CIC Vice President, Client Portfolio Manager One Financial Center Boston, Massachusetts

More information

7IM CAUTIOUS FUND AS AT 31 JULY 2016

7IM CAUTIOUS FUND AS AT 31 JULY 2016 7IM CAUTIOUS FUND EQUITY TOTAL 22.6% UK EQUITY 5.1% uk equity value strategy* 2.1% Jupiter uk Growth FuNd 1.4% Ftse 100 index Future 1.0% Ftse 100 equal weight index Future 0.7% NORTH AMERICAN EQUITY 9.2%

More information

New York s 529 Advisor-Guided College Savings Program

New York s 529 Advisor-Guided College Savings Program NOT FDIC INSURED NO BANK, STATE OR FEDERAL GUARANTEE MAY LOSE VALUE Program manager Ascensus Broker Dealer Services, Inc. Investment manager J.P. Morgan Investment Management Inc. August 2014 New York

More information

COMMONWEALTH OF VIRGINIA DEPARTMENT OF THE TREASURY. GENERAL ACCOUNT INVESTMENT GUIDELINES Statement of Investment Policies and Goals

COMMONWEALTH OF VIRGINIA DEPARTMENT OF THE TREASURY. GENERAL ACCOUNT INVESTMENT GUIDELINES Statement of Investment Policies and Goals COMMONWEALTH OF VIRGINIA DEPARTMENT OF THE TREASURY Statement of Investment Policies and Goals Adopted by the Treasury Board April 16, 2014 Effective April 16, 2014 TABLE OF CONTENTS OVERVIEW State Treasury

More information

Insurance Dedicated Funds: Variable Insurance Trusts

Insurance Dedicated Funds: Variable Insurance Trusts At a Glance September 2015 Insurance Dedicated Funds: Variable Insurance Trusts Our goal at GSAM is to meet the financial goals of investors worldwide, now and in the future, with innovative investment

More information

Exchange-Traded Funds

Exchange-Traded Funds Exchange-Traded Funds US ETF Weekly Update - Weekly Flows: $6.8 Billion Net Inflows -11 th Consecutive Week of Net Inflows - ETF Assets Stand at $1.4 Trillion, up 6% YTD - Two ETF Launches Last Week -

More information

Exchange-Traded Funds

Exchange-Traded Funds Exchange-Traded Funds NORTH AMERICA MICHAEL JABARA Morgan Stanley Wealth Management Michael.Jabara@morganstanley.com +1 212 296-5101 DAVID PERLMAN Morgan Stanley Wealth Management David.Perlman@morganstanley.com

More information

INCOME IN ALL MARKETS COLUMBIA STRATEGIC INCOME FUND Class A COSIX Class C CLSCX Class R CSNRX Class R4 CMNRX Class R5 CTIVX Class Z LSIZX

INCOME IN ALL MARKETS COLUMBIA STRATEGIC INCOME FUND Class A COSIX Class C CLSCX Class R CSNRX Class R4 CMNRX Class R5 CTIVX Class Z LSIZX INCOME IN ALL MARKETS COLUMBIA STRATEGIC INCOME FUND Class A COSIX Class C CLSCX Class R CSNRX Class R4 CMNRX Class R5 CTIVX Class Z LSIZX NAVIGATING A CHANGING INTEREST RATE ENVIRONMENT Rise to the challenge

More information

Seeking a More Efficient Fixed Income Portfolio with Asia Bonds

Seeking a More Efficient Fixed Income Portfolio with Asia Bonds Seeking a More Efficient Fixed Income Portfolio with Asia s Seeking a More Efficient Fixed Income Portfolio with Asia s Drawing upon different drivers for performance, Asia fixed income may improve risk-return

More information

July U.S. ETP Monthly Flash

July U.S. ETP Monthly Flash July 2014 U.S. ETP Monthly Flash NYSE Arca U.S. Exchange Traded Products (ETP) Highlights from July 2014 In July, 10 new ETPs listed on NYSE Arca At the end of July, 1,471 ETPs were listed on NYSE Arca

More information

Exchange-Traded Funds

Exchange-Traded Funds Exchange-Traded Funds NORTH AMERICA MICHAEL JABARA Morgan Stanley Wealth Management Michael.Jabara@morganstanley.com +1 212 296-5101 JOHN DUGGAN Morgan Stanley Wealth Management John.Duggan@morganstanley.com

More information

Introducing a whole new way to help your clients invest for retirement

Introducing a whole new way to help your clients invest for retirement Introducing a whole new way to help your clients invest for retirement It s time to reframe the retirement problem. To help solve it in a whole new way. With today s longer retirements, the nest egg is

More information

3 Years Annualized. Annualized 11.68 11.97 9.06 9.77. 3 Years. 5 Years Annualized. Annualized 14.78 14.74 4.76 4.72-6.80-6.30

3 Years Annualized. Annualized 11.68 11.97 9.06 9.77. 3 Years. 5 Years Annualized. Annualized 14.78 14.74 4.76 4.72-6.80-6.30 Equity Pool As of 12/31/2015 Equity Pool & Blended Benchmark YTD Equity Pool TR Blended Equity Benchmark -0.62 5.50-0.62-0.70 5.68-0.70 Equity Pool Holdings & Benchmarks YTD Vanguard Instl Ttl Stk Mkt

More information

Important information about benchmarks

Important information about benchmarks Important information about benchmarks Legal name definition Source 3-month USD LIBOR Alerian MLP BarclayHedge Currency Traders BarclayHedge Equity Market Neutral BarclayHedge Fixed Income Arbitrage BarclayHedge

More information

Why high-yield municipal bonds may be attractive in today s market environment

Why high-yield municipal bonds may be attractive in today s market environment Spread Why high-yield municipal bonds may be attractive in today s market environment February 2014 High-yield municipal bonds may be attractive given their: Historically wide spreads Attractive prices

More information

Markit iboxx Bond Indices

Markit iboxx Bond Indices Markit iboxx Bond Indices Content. Valuations. Processing. Distribution. www.markit.com. Introduction Markit is the leading independent fixed income index provider committed to open and transparent markets.

More information

Investment Case: Fallen Angel High-Yield Corporate Bonds

Investment Case: Fallen Angel High-Yield Corporate Bonds Investment Case: Fallen Angel High-Yield Corporate Bonds 1 ETF Disclosure This material does not constitute an offer to sell or solicitation to buy any security, including shares of any Fund. An offer

More information

New York's 529 Advisor-Guided College Savings Program

New York's 529 Advisor-Guided College Savings Program New York's 529 Advisor-Guided College Savings Program yr AVERAGE TOTAL Expense ratio AGE-BASED PORTFOLIOS JPMorgan 529 Aggressive Age-Based Portfolio (Age 0-5) 2,3,4,5,6,7,8,9,37 Class A - 5/4/202, 5705,

More information

Schwab Diversified Growth Allocation Trust Fund

Schwab Diversified Growth Allocation Trust Fund Fund Facts Trustee Fund Type Charles Schwab Bank Collective Trust Fund Category Global Asset Allocation Benchmark Global Growth Custom Index 1 Unit Class Inception Date 3/7/2012 Fund Inception Date 3/7/2012

More information

Arizona State Retirement System Investment Committee Fixed Income Asset Class Review

Arizona State Retirement System Investment Committee Fixed Income Asset Class Review Arizona State Retirement System Investment Committee Fixed Income Asset Class Review June 22, 2015 EXECUTIVE SUMMARY U.S. Equity Arizona Asset State Class Retirement Overview System Fixed Income Asset

More information

Fixed Income Liquidity in a Rising Rate Environment

Fixed Income Liquidity in a Rising Rate Environment Fixed Income Liquidity in a Rising Rate Environment 2 Executive Summary Ò Fixed income market liquidity has declined, causing greater concern about prospective liquidity in a potential broad market sell-off

More information

Designing The Ideal Investment Policy Presented To The Actuaries Club of the Southwest & the Southeastern Actuarial Conference

Designing The Ideal Investment Policy Presented To The Actuaries Club of the Southwest & the Southeastern Actuarial Conference Designing The Ideal Investment Policy Presented To The Actuaries Club of the Southwest & the Southeastern Actuarial Conference Presented by: Greg Curran, CFA & Michael Kelch, CFA AAM - Insurance Investment

More information

III to I Equity Fund QP

III to I Equity Fund QP III to I Equity Fund QP The fund s investment objective is long-term capital appreciation. It may invest the majority of its net assets in common stocks of companies of any size. The selected investment

More information

Prospectus Baird Funds

Prospectus Baird Funds Prospectus Baird Funds May 1, 2014 Baird Ultra Short Bond Fund (Institutional Class: BUBIX) (Investor Class: BUBSX) Baird Short-Term Bond Fund (Institutional Class: BSBIX) (Investor Class: BSBSX) Baird

More information

Secure Your Paycheck in Retirement

Secure Your Paycheck in Retirement Secure Your Paycheck in Retirement A Presentation for Morningstar.com Premium Members Christine Benz Director of Personal Finance, Morningstar January 21, 2012 2012 Morningstar, Inc. All rights reserved.

More information

TABELLA DELLE VARIAZIONI DI PORTAFOGLIO I 20 MAGGIORI ACQUISTI E VENDITE PER COMPARTO (NON SOTTOPOSTI A REVISIONE CONTABILE) (valori espressi in EUR)

TABELLA DELLE VARIAZIONI DI PORTAFOGLIO I 20 MAGGIORI ACQUISTI E VENDITE PER COMPARTO (NON SOTTOPOSTI A REVISIONE CONTABILE) (valori espressi in EUR) US COLLECTION 03-ott-14 Health Care Select Sector SPDR Fund 4.986.027 27-mar-14 Legg Mason Global Funds PLC - ClearBridge U.S. Aggressive Growth Fund 4.831.202 27-mar-14 Legg Mason Global Funds PLC - Royce

More information

Fund Overview. Global Fixed Income Opportunities Fund

Fund Overview. Global Fixed Income Opportunities Fund CELEBRATING 40 YEARS Fund Overview SEPTEMBER 30, 2015 Global Fixed Income Opportunities Fund Overall Morningstar Rating for Class I Shares 316 World Bond Funds Based on risk-adjusted return Morningstar

More information

Chapter 3. Fixed Income Securities

Chapter 3. Fixed Income Securities IE 5441 1 Chapter 3. Fixed Income Securities IE 5441 2 Financial instruments: bills, notes, bonds, annuities, futures contracts, mortgages, options,...; assortments that are not real goods but they carry

More information

Leader Short-Term Bond Fund. Leader Total Return Fund

Leader Short-Term Bond Fund. Leader Total Return Fund Leader Short-Term Bond Fund Institutional Shares: Investor Shares: Class A Shares: Class C Shares: LCCIX LCCMX LCAMX LCMCX Leader Total Return Fund Institutional Shares: Investor Shares: Class A Shares:

More information

Ausländische kollektive Kapitalanlagen Mutationen - Juli 2014

Ausländische kollektive Kapitalanlagen Mutationen - Juli 2014 Ausländische kollektive Kapitalanlagen Mutationen - Juli 2014 Zum Vertrieb in oder von der Schweiz aus genehmigt: ABN AMRO Multi-Manager Funds Aristotle US Equities (F01036687) Pzena European Equities

More information

XTF Sector Research High Yield Debt

XTF Sector Research High Yield Debt High Yield Debt ETF Sector Report and Analysis XTF Research 110 Wall Street 18th Floor New York, New York 10005 Telephone (646)218-8600 Igor Zilberman, CFA izilberman@xtf.com John Hughes, Managing Director

More information

High-Yield Municipal Bonds

High-Yield Municipal Bonds High-Yield Municipal Bonds 1 ETF Disclosure This material does not constitute an offer to sell or solicitation to buy any security, including shares of any Fund. An offer or solicitation will be made only

More information

STATEMENT OF INVESTMENT GUIDELINES FOR PHILADELPHIA GAS WORKS PENSION PLAN

STATEMENT OF INVESTMENT GUIDELINES FOR PHILADELPHIA GAS WORKS PENSION PLAN STATEMENT OF INVESTMENT GUIDELINES FOR PHILADELPHIA GAS WORKS PENSION PLAN Prepared by: GALLAGHER FIDUCIARY ADVISORS, LLC 310 Grant Street, Suite 3000 Pittsburgh, Pennsylvania 15219-2302 412-232-1000 PHILADELPHIA

More information

BENCHMARK DEFINITIONS

BENCHMARK DEFINITIONS Alerian MLP Barclay Hedge Global Macro Barclays 1 Year Municipal Bond Barclays 10-Year Municipal Bond Barclays 1-3 Month Treasury-Bill Barclays 1-3 Year Global Treasury Barclays 1-3 Year Government Bond

More information

Internet Resources for Bond, Bond Mutual Fund & Exchange-Traded Fund (ETF) Investors

Internet Resources for Bond, Bond Mutual Fund & Exchange-Traded Fund (ETF) Investors Internet Resources for Bond, Bond Mutual Fund & Exchange-Traded Fund (ETF) Investors Acknowledgement This publication was made possible by a grant from the FINRA Investor Education Foundation. The FINRA

More information

Stable Value Option. New York Life Insurance Company Anchor Account III As of 9/30/2011 INVESTMENT OBJECTIVE SECTOR DIVERSIFICATION. Cash --- 5.

Stable Value Option. New York Life Insurance Company Anchor Account III As of 9/30/2011 INVESTMENT OBJECTIVE SECTOR DIVERSIFICATION. Cash --- 5. Stable Value Option The Stable Value Option seeks to provide a low-risk stable investment, offering competitive yields and limited volatility, with guarantee of principal and accumulated interest. Until

More information

Finding income and managing risk in a near-zero interest-rate environment

Finding income and managing risk in a near-zero interest-rate environment Aging Workforce Series Finding income and managing risk in a near-zero interest-rate environment William Martin, Head of Fixed-Income Portfolio Management TIAA-CREF Executive Summary Yields in traditional

More information

Impact of rising interest rates on preferred securities

Impact of rising interest rates on preferred securities Impact of rising interest rates on preferred securities This report looks at the risks preferred investors may face in a rising-interest-rate environment. We are currently in a period of historically low

More information

Risks and Rewards in High Yield Bonds

Risks and Rewards in High Yield Bonds Risks and Rewards in High Yield Bonds Peter R. Duffy, CFA, Partner, Senior Portfolio Manager Navy Yard Corporate Center, Three Crescent Drive, Suite 400, Philadelphia, PA 19112 www.penncapital.com 1 What

More information

Chapter 10. Fixed Income Markets. Fixed-Income Securities

Chapter 10. Fixed Income Markets. Fixed-Income Securities Chapter 10 Fixed-Income Securities Bond: Tradable security that promises to make a pre-specified series of payments over time. Straight bond makes fixed coupon and principal payment. Bonds are traded mainly

More information

City of Los Angeles Deferred Compensation Plan

City of Los Angeles Deferred Compensation Plan Past performance is not a guarantee or a reliable indicator of future results. Shares distributed by Allianz Global Investors Distributors LLC. Strategy Review City of Los Angeles Deferred Compensation

More information

Extended Strategy Descriptions for The Boeing Company Voluntary Investment Plan (VIP)

Extended Strategy Descriptions for The Boeing Company Voluntary Investment Plan (VIP) Extended Strategy Descriptions for The Boeing Company Voluntary Investment Plan (VIP) Strategy descriptions are effective December 12, 2014, unless otherwise noted. U.S. Large Companies Fund The fund invests

More information

HYS. PIMCO 0 5 Year High Yield Corporate Bond Index ETF (HYS) Aims to Achieve Higher Income, Lower Sensitivity to Treasury Rates.

HYS. PIMCO 0 5 Year High Yield Corporate Bond Index ETF (HYS) Aims to Achieve Higher Income, Lower Sensitivity to Treasury Rates. Your Global Investment Authority Q&A April 2014 HYS PIMCO ETFs PIMCO 0 5 Year High Yield Corporate Bond Index ETF (HYS) Aims to Achieve Higher Income, Lower Sensitivity to Treasury Rates Vineer Bhansali

More information

2015 MUTUAL FUND DISTRIBUTIONS CALENDAR

2015 MUTUAL FUND DISTRIBUTIONS CALENDAR 2015 MUTUAL FUND DISTRIBUTIONS CALENDAR Columbia Absolute Return Currency and Income Fund 19763P689 Monthly 01/23/15 02/25/15 03/25/15 04/24/15 05/26/15 06/25/15 07/24/15 08/25/15 09/25/15 10/23/15 11/23/15

More information

Fixed Income in a Rising Rate Environment

Fixed Income in a Rising Rate Environment Fixed Income in a Rising Rate Environment Market Commentary May 2016 SINCE THE FIRST FEDERAL FUNDS RATE INCREASE IN DECEMBER 2015, interest rates have generally declined. This counterintuitive result underscores

More information

interest-rate environment

interest-rate environment inter 14 TIAA-CREF Asset Management Documeent title on one or two Lifecycle lines in Funds Gustan in Book a rising 24pt interest-rate environment Elina Steinberg Director, Client Portfolio Management TIAA-CREF

More information

Exchange-Traded Funds

Exchange-Traded Funds Exchange-Traded Funds NORTH AMERICA MICHAEL JABARA Morgan Stanley Wealth Management Michael.Jabara@morganstanley.com +1 212 296-5101 JOHN DUGGAN Morgan Stanley Wealth Management John.Duggan@morganstanley.com

More information

Investment Funds Description

Investment Funds Description Investment Funds Description As of January 1, 2016 (Containing performance and other information as of December 31, 2015 unless otherwise noted) Short Term Investment Fund Stable Value Fund Inflation Protection

More information

Chapter 3 Fixed Income Securities

Chapter 3 Fixed Income Securities Chapter 3 Fixed Income Securities Road Map Part A Introduction to finance. Part B Valuation of assets, given discount rates. Fixed-income securities. Stocks. Real assets (capital budgeting). Part C Determination

More information

Federal Register / Vol. 81, No. 17 / Wednesday, January 27, 2016 / Notices

Federal Register / Vol. 81, No. 17 / Wednesday, January 27, 2016 / Notices Federal Register / Vol. 81, No. 17 / Wednesday, January 27, 2016 / Notices 4695 Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments

More information

FIXED INCOME STRATEGIES FOR A RISING INTEREST RATE ENVIRONMENT

FIXED INCOME STRATEGIES FOR A RISING INTEREST RATE ENVIRONMENT FIXED INCOME STRATEGIES FOR A RISING INTEREST RATE ENVIRONMENT John Donovan, Head of Fixed Income and Trading As the Federal Reserve and other central banks wind down their fiscal stimulus programs, we

More information

SHARES NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE. BKLN PowerShares Senior Loan Portfolio

SHARES NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE. BKLN PowerShares Senior Loan Portfolio SHARES NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE PowerShares Senior Loan Portfolio PowerShares Senior Loan Portfolio is the first senior loan exchange-traded fund (ETF) and seeks investment results

More information

for professional clients/qualified investors/sophisticated investors only Fixed Income Index Guide 2015

for professional clients/qualified investors/sophisticated investors only Fixed Income Index Guide 2015 for professional clients/qualified investors/sophisticated investors only Fixed Income Index Guide 2015 Contents page Chapter 1: Introduction 3 Benchmark coverage overview 4 Chapter 2: Index methodologies

More information

Annual Treasury And Investment Portfolio Update for 2015

Annual Treasury And Investment Portfolio Update for 2015 Item No.: 7d_Supp Meeting Date: March 8, 2016 Annual Treasury And Investment Portfolio Update for 2015 Commission Briefing Presented by Diane Campbell March 8, 2016 Treasury Management Update Background

More information

Impact of QE on Fixed Income

Impact of QE on Fixed Income Impact of QE on Fixed Income David Greene, Client Portfolio Manager Pioneer Investments Unconstrained Approaches Potential returns mean investors have to be more opportunistic 5 0 Expected return based

More information

TOMORROW S SCHOLAR. Wisconsin s 529 Plan. ... connecting to the future. Program Description and Participation Agreement.

TOMORROW S SCHOLAR. Wisconsin s 529 Plan. ... connecting to the future. Program Description and Participation Agreement. TOMORROW S SCHOLAR Wisconsin s 529 Plan... connecting to the future Program Description and Participation Agreement May 1, 2014 Administrator: The Wisconsin College Savings Program Board Tomorrow s Scholar

More information

Fixed Income Investing

Fixed Income Investing Fixed Income Investing Why Invest in Fixed Income Fixed income securities (bonds) are a fundamental part of an investing plan for most investors. There are many types of bonds along with varied approaches

More information