- 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
- Dodge & Cox
- Fidelity Investments
- Goldman Sachs Asset Management
- Jennison Associates
- Legal & General Investment Management America
- NISA Investment Advisors
- PIMCO
- Prudential Investments
- Wellington
- Western Asset Management
Past Surveys
Industry Trends
Percentage of Portfolio in LDI
Hedge Ratio
Glide Path in Place
| All | <$5B | >$5B | ||
| Yes, written into IPS as a ‘contract’ | 21% | 26% | 17% | |
| Yes, written into IPS as an ‘intent’ | 29% | 28% | 30% | |
| Yes, but not written into IPS | 19% | 19% | 18% | |
| No, but plan to | 8% | 12% | 4% | |
| No, and no plans to | 23% | 16% | 31% |
Are Your Triggers…
| All | <$5B | >$5B | ||
| Automatic | 31% | 31% | 30% | |
| Within a range | 69% | 69% | 70% |
Are your triggers based on:
| All | <$5B | >$5B | ||
| Funded ratio | 88% | 88% | 87% | |
| Interest rates | 24% | 18% | 31% | |
| Market outlook | 14% | 12% | 16% | |
| Time factor | 8% | 8% | 9% | |
| Other | 7% | 4% | 11% |
Number of LDI Providers Used
| All | <$5B | >$5B | |
| Average | 3.1 | 1.9 | 4.4 |
| Median | 2.0 | 1.0 | 4.0 |
Inhibitors to LDI
