Traditional core bond portfolios alone are unlikely to provide the diversification a fixed income investor needs in our current macro climate. A global scope and scale is essential to deliver risk management that covers a wide range of necessary concerns, including duration, credit quality, governmental, and default risk.

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The commentary is the opinion of the subadviser. This material has been prepared using sources of information generally believed to be reliable; however, its accuracy is not guaranteed. Opinions represented are subject to change and should not be considered investment advice or an offer of securities.

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