- 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
Dodge & Cox
https://www.dodgeandcox.com
Summary of Offering
Dodge & Cox has been partnering with plan sponsors and their advisers on hedging pension liabilities since 1986. Recognizing clients’ unique and evolving objectives, risk constraints, and cash flow needs, the firm’s dedicated LDI team manages a broad range of market mandates and custom portfolios along all stages of the pension journey. Using in-house fundamental credit research and incorporating non-corporate and structured product expertise, Dodge & Cox constructs and manages diversified and transparent portfolios with the goal of generating recurring alpha while mitigating portfolio volatility and tracking error over rolling three- to five-year time periods.
Client Restrictions: Yes – minimums may apply; contact provider for details.
Business Summary (as of 06/30/2021)
| LDI clients as of 06/30/2021: | 46 |
| LDI mandates as of 06/30/2021: | 58 |
| LDI assets under management ($USD) as of 06/30/2021: | $37.2B |
Regions With Active Mandates
| US | |
| Canada | |
| UK | |
| Continental Europe and Republic of Ireland | |
| Asia | |
| Australia | |
| All other locations |
Client Satisfaction
| # of ratings/responses received | 13 |
Satisfaction With Overall Offering
| Very Satisfied (9s and 10s) | 54% |
| Mostly Satisfied (7s and 8s) | 46% |
| Somewhat Satisfied (5s and 6s) | 0% |
| Only a Little Satisfied (3s and 4s) | 0% |
| Dissatisfied ( < 2) | 0% |
Average Satisfaction Scores by Category
| Is responsive to general inquiries | 8.77 |
| Meets objectives related to risk and return | 9.08 |
| Proactively provides new ideas/solutions and shares knowledge | 8.08 |
| Estimates daily liability | 6.50 |
| Has accessible investment team | 8.67 |
| Provides timely and detailed funded status attribution | 7.00 |
| Provides timely performance reporting | 8.77 |
| Offers daily interest rate hedge ratio estimation | 6.67 |
| Customizes portfolio to specific client needs | 8.91 |
NR = “Not Reported”