- Introduction & Methodology
- Industry Trends
- Respondent Profile
- Defined Benefit Plans
- Portfolio Characteristics
- LDI Usage
- League Tables
- Vendor Ratings
- Number of Responses and Scores
- Average Scores by Categories
- Vendor Details
- BlackRock
- Goldman Sachs Asset Management
- Jennison Associates
- Legal & General Investment Management America
- NISA Investment Advisors
- PIMCO
- Prudential
- Wellington Management
- Western Asset
Industry Trends
Asset Allocation
| All | <$1B | >$1B | ||
| Domestic equity | 19% | 28% | 18% | |
| International equity | 19% | 15% | 19% | |
| Alternatives | 16% | 10% | 17% | |
| Fixed Income | 44% | 45% | 44% | |
| Cash | 2% | 2% | 2% |
Use of Derivatives
| All | <$1B | >$1B | ||
| Currently use derivatives | 71% | 25% | 78% | |
| Don’t use currently, but plan to | 3% | 11% | 2% | |
| Don’t use currently, and no plans to use derivatives | 25% | 64% | 20% |
Average Duration, In Years
| All | <$1B | >$1B | |
| Average duration of liabilities | 13.1 | 15.1 | 12.8 |
| Average duration of fixed income portfolio | 13.0 | 14.3 | 12.8 |