- Introduction & Methodology
- Industry Trends
- Respondent Profile
- Defined Benefit Plans
- Portfolio Characteristics
- LDI Usage
- Vendor Ratings
- Service Satisfaction
- Top 5 Listings
- Vendor Details
- BlackRock, Inc.
- Capital Group
- Conning
- Dodge & Cox
- Fidelity Investments
- Goldman Sachs Asset Management
- Insight Investment
- LGIM America1
- NISA Investment Advisors, LLC
- PIMCO
- PGIM Fixed Income
- Russell Investments
- Wellington Management Company, LLP
- Western Asset Management Company, LLC
Past Surveys
Vendor Details
Capital Group
https://www.capitalgroup.com/institutional/client-solutions/corporate-pensions/liability-driven-investing.html
Summary of Offering
Capital Group works closely with clients and their partners to determine the investment solution that aligns with plan sponsors’ unique investment objectives. Capital Group’s investment team strives to achieve 60% to 70% of excess returns relative to the client’s benchmark through bottom-up security selection. The belief is that good bottom-up security selection provides clients with consistent risk-adjusted returns that tend to be uncorrelated to the major market factors that influence changes in plan funded status.
Client Restrictions: Yes – minimums may apply; contact provider for details.
Business Summary (as of 06/30/2021)
| LDI clients as of 06/30/2021: | 19 |
| LDI mandates as of 06/30/2021: | 25 |
| LDI assets under management ($USD) as of 06/30/2021: | $13.1B |
Regions With Active Mandates
| US | |
| Canada | |
| UK | |
| Continental Europe and Republic of Ireland | |
| Asia | |
| Australia | |
| All other locations |
Client Satisfaction
| # of ratings/responses received | 7 |
Satisfaction With Overall Offering
| Very Satisfied (9s and 10s) | NA |
| Mostly Satisfied (7s and 8s) | NA |
| Somewhat Satisfied (5s and 6s) | |
| Only a Little Satisfied (3s and 4s) | NA |
| Dissatisfied ( < 2) | NA |
Average Satisfaction Scores by Category
| Is responsive to general inquiries | NA |
| Meets objectives related to risk and return | NA |
| Proactively provides new ideas/solutions and shares knowledge | NA |
| Estimates daily liability | NA |
| Has accessible investment team | NA |
| Provides timely and detailed funded status attribution | NA |
| Provides timely performance reporting | NA |
| Offers daily interest rate hedge ratio estimation | NA |
| Customizes portfolio to specific client needs | NA |
NR = “Not Reported”
NA = “Not Applicable”
NA = “Not Applicable”