Advisory Solutions

Investment Strategy

• Seeks to generate excess return versus the MSCI ACWI IMI Index
• Constructs a global portfolio of investment managers
• Utilizes Sterling Capital Management’s asset allocation framework

Process

Asset Allocation

• One-year asset class return expectations determined primarily by forecast models built through in-depth historical analysis
• Asset class weights determined through consideration of asset class return expectations and multiple measures of asset class and portfolio risk

Manager Selection

• Initial Screening Requirements
• Manager Search & Selection Process
• Ongoing Monitoring

Portfolio Construction

• Investment strategies are combined to produce a favorable risk and return profile
• All portfolios are rebalanced systematically to ensure the allocations remain true to the target asset allocation strategy

Investment Strategy

• Seeks to generate excess return versus the 60% MSCI ACWI IMI/40% Bloomberg U.S. Aggregate Blended Benchmark
• Constructs a global portfolio of investment managers
• Utilizes Sterling Capital Management’s asset allocation framework

Process

Asset Allocation

• One-year asset class return expectations determined primarily by forecast models built through in-depth historical analysis
• Asset class weights determined through consideration of asset class return expectations and multiple measures of asset class and portfolio risk

Manager Selection

• Initial Screening Requirements
• Manager Search & Selection Process
• Ongoing Monitoring

Portfolio Construction

• Investment strategies are combined to produce a favorable risk and return profile
• All portfolios are rebalanced systematically to ensure the allocations remain true to the target asset allocation strategy

Investment Strategy

• Seeks to generate excess return versus the Bloomberg U.S. Aggregate Index by implementing a top-down, relative value process with top money managers
• Analysts create a portfolio that is optimally-positioned to take advantage of short term market dislocations and long term relative values
• Portfolio strives to generate consistent risk-adjusted returns while providing liquidity and capital preservation

Process

Macroeconomic Analysis

• Domestic and global economic conditions
• Monetary policy
• Fiscal policy

Market Outlook

• Inflation expectations
• Interest rates
• Yield curve shape
• Volatility

Portfolio Structure

• Duration positioning
• Yield curve segmentation
• Sector allocation

Manager Selection

• Initial screening requirements
• Manager search and selection process
• Ongoing monitoring

Investment Strategy

• Seeks income and capital appreciation by investing in a broad range of income-generating asset classes and strategies while maintaining a moderate long-term risk and return profile

Process

• We employ the manager selection and asset allocation expertise of the Sterling Capital Advisory Solutions Team when constructing the portfolio. We also leverage the portfolio management capabilities and asset class-specific insights of Sterling's equity and fixed income portfolio management teams.
• The opportunity set currently includes, but is not limited to high yield corporates, IG corporates, MBS, EM debt, leveraged loans, preferred securities, Treasuries, high yield municipals, REITs, MLPs, insurance-linked securities, covered call writing strategies and dividend-focused equity.
• The portfolio combines active and passive management to achieve its objectives.

Investment Strategy

• Seeks to generate excess return versus the 75% MSCI ACWI IMI/25% Bloomberg U.S. Aggregate Blended Benchmark
• Constructs a global portfolio of investment managers
• Utilizes Sterling Capital Management’s asset allocation framework

Process

Asset Allocation

• One-year asset class return expectations determined primarily by forecast models built through in-depth historical analysis
• Asset class weights determined through consideration of asset class return expectations and multiple measures of asset class and portfolio risk

Manager Selection

• Initial Screening Requirements
• Manager Search & Selection Process
• Ongoing Monitoring

Portfolio Construction

• Investment strategies are combined to produce a favorable risk and return profile
• All portfolios are rebalanced systematically to ensure the allocations remain true to the target asset allocation strategy

Investment Strategy

• Seeks to generate excess return versus the 25% MSCI ACWI IMI/75% Bloomberg U.S. Aggregate Blended Benchmark
• Constructs a global portfolio of investment managers
• Utilizes Sterling Capital Management’s asset allocation framework

Process

Asset Allocation

• One-year asset class return expectations determined primarily by forecast models built through in-depth historical analysis
• Asset class weights determined through consideration of asset class return expectations and multiple measures of asset class and portfolio risk

Manager Selection

• Initial Screening Requirements
• Manager Search & Selection Process
• Ongoing Monitoring

Portfolio Construction

• Investment strategies are combined to produce a favorable risk and return profile
• All portfolios are rebalanced systematically to ensure the allocations remain true to the target asset allocation strategy

Investment Strategy

• Seeks to generate excess return versus the 50% MSCI ACWI IMI/50% Bloomberg U.S. Aggregate Blended Benchmark
• Constructs a global portfolio of investment managers
• Utilizes Sterling Capital Management’s asset allocation framework

Process

Asset Allocation

• One-year asset class return expectations determined primarily by forecast models built through in-depth historical analysis
• Asset class weights determined through consideration of asset class return expectations and multiple measures of asset class and portfolio risk

Manager Selection

• Initial Screening Requirements
• Manager Search & Selection Process
• Ongoing Monitoring

Portfolio Construction

• Investment strategies are combined to produce a favorable risk and return profile
• All portfolios are rebalanced systematically to ensure the allocations remain true to the target asset allocation strategy

Investment Strategy

• Seeks to generate excess return versus the 40% MSCI ACWI IMI/60% Bloomberg U.S. Aggregate Blended Benchmark
• Constructs a global portfolio of investment managers
• Utilizes Sterling Capital Management’s asset allocation framework

Process

Asset Allocation

• One-year asset class return expectations determined primarily by forecast models built through in-depth historical analysis
• Asset class weights determined through consideration of asset class return expectations and multiple measures of asset class and portfolio risk

Manager Selection

• Initial Screening Requirements
• Manager Search & Selection Process
• Ongoing Monitoring

Portfolio Construction

• Investment strategies are combined to produce a favorable risk and return profile
• All portfolios are rebalanced systematically to ensure the allocations remain true to the target asset allocation strategy

Investment Strategy

• Seeks to generate excess return versus the Bloomberg U.S. Government/Credit Bond Index by implementing a top-down, relative value process with top money managers
• Analysts create a portfolio that is optimally-positioned to take advantage of short term market dislocations and long term relative values
• Portfolio strives to generate consistent risk-adjusted returns while providing liquidity and capital preservation

Process

Macroeconomic Analysis

• Domestic and global economic conditions
• Monetary policy
• Fiscal policy

Market Outlook

• Inflation expectations
• Interest rates
• Yield curve shape
• Volatility

Portfolio Structure

• Duration positioning
• Yield curve segmentation
• Sector allocation

Manager Selection

• Initial screening requirements
• Manager search and selection process
• Ongoing monitoring

Investment Strategy

• Seeks to generate excess return versus the Bloomberg 1-3 Year U.S. Government/Credit Index by implementing a top-down, relative value process with top money managers
• Analysts create a portfolio that is optimally-positioned to take advantage of short term market dislocations and long term relative values
• Portfolio strives to generate consistent risk-adjusted returns while providing liquidity and capital preservation

Process

Macroeconomic Analysis

• Domestic and global economic conditions
• Monetary policy
• Fiscal policy

Market Outlook

• Inflation expectations
• Interest rates
• Yield curve shape
• Volatility

Portfolio Structure

• Duration positioning
• Yield curve segmentation
• Sector allocation

Manager Selection

• Initial screening requirements
• Manager search and selection process
• Ongoing monitoring

Investment Strategy

• Seeks to generate excess return versus the BofA ML Municipals 2-17 Year Index by implementing a top-down, relative value process with top money managers
• Analysts create a portfolio that is optimally-positioned to take advantage of short term market dislocations and long term relative values
• Portfolio strives to generate consistent risk-adjusted returns while providing liquidity and capital preservation

Process

Macroeconomic Analysis

• Domestic and global economic conditions
• Monetary policy
• Fiscal policy

Market Outlook

• Inflation expectations
• Interest rates
• Yield curve shape
• Volatility

Portfolio Structure

• Duration positioning
• Yield curve segmentation
• Sector allocation

Manager Selection

• Initial screening requirements
• Manager search and selection process
• Ongoing monitoring