Core

Strategy Description

The Core Bond strategy seeks to provide stable income and deliver competitive risk-adjusted returns versus the benchmark.

The strategy typically invests in investment-grade corporate bonds, mortgage-backed securities, AAA-rated asset-backed securities, and U.S. Treasury bonds.

Assets Under Management

$751M

Inception

12/31/1992

Benchmark

Bloomberg U.S. Aggregate Bond Index

Team

Graziani John head shot
John Graziani, CFA

Senior Portfolio Manager

Rhoderick Sean head shot
Sean T. Rhoderick, CFA

Chief Investment Officer

Weber Jason head shot
Jason Weber, CFA

Head of Structured Trading
Portfolio Manager

Composite Investment Results

PCA Taxable Core
Gross of Fees Return (%)
QTD 0.24
YTD -0.38
1 Year 3.05
3 Year* -2.42
5 Year* 0.41
Since Inception* 4.74
PCA Taxable Core
Net of Fees Return (%)
QTD 0.15
YTD -0.55
1 Year 2.69
3 Year* -2.77
5 Year* 0.06
Since Inception* 4.26
Bloomberg U.S. Aggregate Bond Index
Benchmark Return (%)
QTD 0.07
YTD -0.71
1 Year 2.63
3 Year* -3.02
5 Year* -0.23
Since Inception* 4.46

As of 6/30/2024. Source: Advent Portfolio Exchange® (APX). Performance returns are presented gross and net of fees and include the reinvestment of all income. Gross of fee performance returns do not reflect the payment of investment advisory fees and other expenses related to your account. Actual returns will be reduced by the advisory fee specific to your account and other expenses that may be incurred in the management of the account. Please refer to our GIPS® report, which includes additional disclosures. Past performance is no guarantee of future results.

PCA Taxable Core
Gross of Fees Return (%)
2023 6.30%
2022 -12.33%
2021 -1.29%
2020 8.62%
2019 9.19%
2018 -0.12%
2017 3.87%
2016 2.63%
2015 -0.05%
2014 5.76%
PCA Taxable Core
Net of Fees Return (%)
2023 5.92%
2022 -12.64%
2021 -1.63%
2020 8.24%
2019 8.81%
2018 -0.47%
2017 3.51%
2016 2.27%
2015 -0.40%
2014 5.39%
Bloomberg U.S. Aggregate Bond Index
Benchmark Return (%)
2023 5.53%
2022 -13.01%
2021 -1.54%
2020 7.51%
2019 8.72%
2018 0.01%
2017 3.54%
2016 2.65%
2015 0.55%
2014 5.97%

As of 6/30/23. Source: Advent Portfolio Exchange® (APX). Performance returns are presented gross and net of fees and include the reinvestment of all income. Gross of fee performance returns do not reflect the payment of investment advisory fees and other expenses related to your account. Actual returns will be reduced by the advisory fee specific to your account and other expenses that may be incurred in the management of the account. Please refer to our GIPS® report, which includes additional disclosures. Past performance is no guarantee of future results.

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