Portfolio Characteristics:
The portfolio is mostly comprised of US and foreign equities and corporate bonds while also utilizing government bonds and inflation-protected securities as diversifiers. Portfolio allocations are adjusted to reflect favorable or unfavorable conditions relative to global equity markets. This is accomplished by modest shifts away from equities in certain environments thereby increasing exposure to bonds or other asset classes in an attempt to protect against downside volatility.
Objectives:
The Growth Plus strategy seeks long-term capital appreciation. The strategy uses the traditional 80% stocks / 20% bonds as a soft benchmark and seeks to outperform on a risk-adjusted basis over longer holding periods.
