2025 Year-End Letters

EQUITIES

Quality Year-End Letter

Tom Hancock, Ty Cobb, Anthony Hene | Focused Equity Team

Related Strategies:

Quality
U.S. Quality

International Quality Year-End Letter

Tom Hancock, Ty Cobb, Anthony Hene | Focused Equity Team

Related Strategies:

International Quality

Opportunistic Value Year-End Letter

George Sakoulis, Warren Chiang | Systematic Equity Team
John Thorndike | Asset Allocation Team

Related Strategies:

U.S. Opportunistic Value
International Opportunistic Value

Deep Value Year-End Letter

George Sakoulis, Warren Chiang | Systematic Equity Team
John Thorndike | Asset Allocation Team

Related ETFs:

U.S. Value ETF
International Value ETF

Systematic Equity Year-End Letter

George Sakoulis, Warren Chiang | Systematic Equity Team

Related Strategies:

U.S. Equity
U.S. Small Cap Value
Emerging Markets

International Equity Year-End Letter

George Sakoulis, Warren Chiang | Systematic Equity Team

Related Strategies:

International Equity

Climate Change Year-End Letter

Lucas White | Focused Equity Team

Related Strategies:

Resources Year-End Letter

Lucas White | Focused Equity Team

Related Strategies:

Resources
Resource Transition

FIXED INCOME

Emerging Country Debt Year-End Letter

Tina Vandersteel | Emerging Country Debt Team

Related Strategies:

Emerging Country Debt
Emerging Country Local Debt

Multi-Asset Credit Year-End Letter

Joe Auth, Kevin Breaux | Emerging Country Debt Team

Related Strategies:

Multi-Asset Credit

High Yield Year-End Letter

Joe Auth, Rachna Ramachandran | Developed Fixed Income Team

Related Strategies:

High Yield

Opportunistic Income Year-End Letter

Joe Auth, Ben Nabet | Structured Products Team

Related Strategies:

Opportunistic Income

Systematic Investment Grade Credit Year-End Letter

James Donaldson, Rachna Ramachandran | Developed Rates & FX Team

Related Strategies:

ALTERNATIVES

Equity Dislocation Year-End Letter

Ben Inker | Asset Allocation Team
George Sakoulis | Systematic Equity Team

Related Strategies:

Equity Dislocation

Quality Spectrum Year-End Letter

Tom Hancock, Lucas White | Focused Equity Team

Related Strategies:

Quality Spectrum

Systematic Global Macro Year-End Letter

Systematic Global Macro Team

Related Strategies:

Systematic Global Macro

Alternative Allocation Year-End Letter

B.J. Brannan, Ben Inker, John Thorndike | Asset Allocation Team

Related Strategies:

Event-Driven Year-End Letter

Doug Francis, Cole Weppner | Event-Driven Team

Related Strategies:

Event-Driven

MULTI-ASSET CLASS

Asset Allocation Year-End Letter

Ben Inker, John Thorndike | Asset Allocation Team

Related Strategies:

Benchmark-Free Allocation
Dyanmic Allocation
Global Allocation Absolute Return
Global Asset Allocation
Real Return Global Balanced Asset Allocation
Global All Country Equity Allocation
Global Developed Equity Allocation
International All Country Equity Allocation
International Developed Equity Allocation