Global-Plus Fixed Income is an actively managed global bond strategy with a research-driven investment approach. This service invests in the sovereign debt of developed countries, investment-grade credits, agencies, mortgages, commercial mortgage-backed securities and asset-backed securities, and takes opportunistic positions in high-yield and emerging-market debt, where permitted by client guidelines. Our goal is to outperform the Barclays Global Aggregate Index by 100–200 basis points annually, before fees, over full market cycles.