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Fixed Income Fund

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Fixed Income Fund © Indiana Public Retirement System FIXED INCOME FUND INVESTMENT OBJECTIVE Benchmark: Bloomberg Barclays US Aggregate Bond Index The Investment Objective of the Fixed Income Fund Expense ratio: 0.12% / $1.20 per $1,000 is to seek income and capital appreciation through active and passive management of fixed income. HISTORICAL INVESTMENT PERFORMANCE RISK PROFILE as of 6/30/21: TOTAL RETURN AVERAGE TOTAL ANNUAL RETURN Quarter Year to Past 1 Past 3 Past 5 Past 10 to Date Date Year Years Years Years LOW MODERATE HIGH For illustrative purposes only. For further information regarding risk, Fixed Income read our Risk Disclosure at www.in.gov/inprs/files/RiskDisclosure.pdf 2.06% (1.28)% 0.82% 5.73% 3.53% 3.80% Fund Bloomberg COMPOSITION Barclays US 1.83% (1.60)% (0.33)% 5.34% 3.03% 3.39% Aggregate Northern Trust Aggregate Bond Index Fund Bond Index Loomis Sayles Core Plus 25% PIMCO Total Return Fund 6.00 % 5.00 % 50% 4.00 % 25% 3.00 % 2.00 % 1.00 % RETURNS 0 % INVESTMENT MANAGERS (1.00)% The Fixed Income Fund is currently managed by (2.00)% Northern Trust, PIMCO and Loomis Sayles. Northern Quarter to Date Year to date Past Year Past 3 Years Past 5 Years Past 10 Years Trust is a passive manager that attempts to match the characteristics and performance of the Bloomberg Fixed Income Fund Bloomberg Barclays US Aggregate Bond Index Barclays US Aggregate Bond Index. Loomis Sayles is an active manager that combines macroeconomic top-down positioning and sector rotation with bottom-up security selection. PIMCO is an active DISCLOSURES: manager that uses top-down macroeconomic and Past performance is not a guarantee or a reliable indicator of future results. Bond values fluctuate in response to bottom-up security level inputs to seek consistent changes in interest rates, the financial condition of individual issuers, general market and economic conditions. In general, outperformance over a full market cycle by rotating when interest rates rise, bond values fall and investors may lose principal value. The use of derivatives may reduce returns and/or increase volatility. Active trading results in increased turnover and trading expenses, and may generate higher short- between fixed income sectors. Overall, the Fund term capital gains. Certain investment strategies tend to increase the total risk of an investment (relative to the broader creates a diversified bond portfolio. market). This Fund is exposed to foreign investment risk and mortgage- and asset-backed securities risk. Fund performance is net of fees, except for the underlying PIMCO Total Return Fund component which is gross of fees prior to 4/1/2013 and net of fees after 4/1/2013. All data presented is calculated from manager composite performance prior to UNDERLYING MANAGERS’ LINKS 4/1/2013. Underlying managers, strategies, and target weights can change over time. The Fixed Income Fund’s historical Northern Trust Aggregate Bond Index: underlying construction includes: https://bit.ly/ntfixedAugust21 • 50% Northern Trust Aggregate Bond Index, 25% Loomis Sayles Core Plus, and 25% PIMCO Total Return since 4/16/2021. INPRS Manager Inception Date: August 2010 • 60% Northern Trust Aggregate Bond Index, 20% Loomis Sayles Core Plus, and 20% PIMCO Total Return from Loomis Sayles Core Plus: bit.ly/loomisfi 4/15/2021 and prior. INPRS Manager Inception Date: August 2010 Portfolio turnover of 20% from 4/1/2020 to 3/31/2021. PIMCO Total Return Fund: bit.ly/pimcofi INPRS Manager Inception Date: August 2010 Updated on: 9/14/2021.
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