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BOND’s portfolio includes 18.4% U.S. government related, 51% mortgage, 21.0% investment-grade credit, 5.1% high yield credit, 0.5% non U.S. developed, 2.9% emerging markets and 6.3% other.
“We don’t feel tethered to a benchmark. We have a more comprehensive toolkit than the assets that are in the benchmark. We’re trying to build a more diversified portfolio than the benchmark that out yields it – it currently out yielding by 100 basis points, and that we think is of similar quality and provide the same diversification benefits should there be a downturn in the market,”
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