Industry Recognized for Our Risk-Focused Approach

Amid changing and oftentimes volatile market conditions, we believe the three pillars of our investment process — Fundamentals, Valuations and Technicals — help us both avoid investment pitfalls and identify opportunities. Our focus on the balance between risk and return, or what we refer to as return symmetry, is a natural extension of our investment process. We believe the PSN awards are a direct reflection of our risk-focused approach.

2024
Core Plus
2023
Short Duration 1-3 Year	Core & Core Plus	Core & Core Plus	Core & Core Plus	Core Plus
2022
Core & Core Plus

PSN Rankings: The PSN universes were created using the information collected through the PSN investment manager questionnaire and use only gross of fee returns. PCA pays a subscription fee for access to Informa data, but no fee is paid to participate in a PSN ranking universe. Mutual fund and commingled fund products are not included in the universe. PSN Top Guns investment managers must claim that they are GIPS compliant.

PSN Manager of the Decade Criteria: Participant products must have (i) an r-squared of 0.80 or greater relative to the style benchmark for the ten-year period ending December 31, 2023; (ii) returns greater than the style benchmark for the ten-year period ending December 31, 2023 and (iii) standard deviation less than the style benchmark for the ten-year period ending December 31, 2023. The top ten performers for the latest ten-year period ending December 31, 2023 are designated the PSN Top Guns Manager of the Decade. The PSN Short Maturity Universe is composed of 139 firms and 247 products.

PSN Six Star Top Guns Criteria: Participant products must have (i) an r-squared of 0.80 or greater relative to the style benchmark for the respective five-year period; (ii) returns greater than the style benchmark for the three latest three-year rolling periods and (iii) a standard deviation for the five-year period equal to or less than the median standard deviation for the peer group. Participants with the top ten information ratios for the latest five-year period become the 6 STAR TOP GUNS. As of 3/31/24, the PSN Core Plus Maturity Universe was composed of 99 firms and 136 products. The content of PSN Top Guns is intended for use by qualified investment professionals. Please consult with an investment professional before making any investment decisions using content or implied content from PSN Top Guns.

All Rights Reserved. PSN Top Guns is powered by PSN. PSN is an investment manager database and is a division of Informa Financial Intelligence. No part of PSN Top Guns may be reproduced in any form or by any means, electronic, mechanical, photocopying, or otherwise without the prior written permission of Informa Financial Intelligence. Because of the possibility of human or mechanical error by Informa Financial Intelligence (IFI) sources or others, IFI does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. THERE ARE NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall IFI be liable for any indirect, special or consequential damages in connection with use of any information or derived using information based on PSN Top Guns results.