Public Fixed Income

2019 YE — All values in USD billionsDefinitions

Third-Party General Account Firm-Wide
Total
Public FI
Cash,
Gov’ts,
Agencies
Corps Munis RMBS,
Other
Securitize
Converts High
Yield
Bank
Loans,
CLOs
EMD Other Total
Public FI
Total Reported 1,505.820 261.059 570.539 107.980 186.719 1.046 44.604 43.460 60.538 232.937 10,691.770
1 BlackRock 318.525 66.268 163.152 25.384 36.734 10.417 1.387 6.205 8.978
2 J.P. Morgan Asset Management 150.046 29.390 66.130 9.361 27.800 1.284 2.101 13.940 .040 1,397.825
3 DWS 148.531 6.910 26.945 4.336 3.901 6.175 3.239 .909 98.876 447.297
4 Wellington Management Company 122.167 31.419 39.037 16.608 24.161 .005 3.320 5.972 1.645 530.629
5 Aberdeen Standard Investments 120.000 15.000 105.000 526.397
6 Pacific Investment Management Company 97.017 15.084 49.195 2.694 16.830 5.621 1.906 5.688 .000 1,842.270
7 Conning 71.471 9.466 33.274 6.592 14.768 .210 .657 4.155 1.557 .792 163.465
8 New England Asset Management, Inc. 62.791 9.817 19.725 17.862 14.787 .033 .193 .048 .326 80.361
9 Western Asset Management Company 55.755 13.409 26.926 2.970 4.553 .767 5.174 1.956 404.782
10 Guggenheim Investments 46.888 11.509 18.763 3.492 5.792 .731 4.902 .202 1.497 184.982
11 Macquarie Asset Management 46.360 16.224 23.284 2.267 1.415 .461 .916 .395 1.457 144.849
12 AAM Insurance Investment Management 27.798 2.103 12.562 3.505 9.534 .336 28.041
13 Insight Investment 24.433 10.277 13.843 .272 .022 .000 .019 863.843
14 Invesco 23.392 8.090 7.310 1.321 .864 5.423 .104 374.886
15 Barings 22.946 .038 13.729 2.028 5.869 .334 .948 193.681
16 Neuberger Berman 21.779 1.145 15.361 .025 1.216 .651 1.156 1.988 .091 160.807
17 Payden & Rygel 19.224 7.980 5.352 1.244 2.167 .135 .113 2.163 .074 117.071
18 AXA Investment Managers 15.977 4.157 4.892 2.206 .258 1.874 1.575 1.015 608.321
19 MetLife Investment Management, LLC 15.088 .662 5.525 1.042 .707 1.603 5.549 354.157
20 Loomis, Sayles & Company, L.P. 13.059 2.229 5.634 2.410 1.697 .003 .563 .042 .234 .046 222.674
21 Income Research & Management (“IR+M”) 10.195 2.631 4.205 .459 2.570 .330 .016 75.105
22 Sun Life Capital Management (SLC) 9.578 1.432 1.279 3.958 2.907 .051 69.688
23 Robeco 8.490 .627 5.090 1.833 .940
24 Voya Investment Management 7.692 .439 3.557 2.416 .125 .404 .268 .482 131.722
25 T. Rowe Price Associates 7.572 1.431 .574 1.221 .872 2.601 1.303 .050 242.300
26 Allianz Global Investors 7.471 1.485 3.654 .202 .976 2.333 220.335
27 AllianceBernstein 6.880 3.716 4.349 .008 .938 .986 306.722
28 Principal Global Investors 5.798 .066 1.515 .502 1.845 1.037 .200 .632 233.560
29 Brown Brothers Harriman 5.666 1.777 .423 1.277 2.189 41.533
30 Northern Trust Asset Management 4.000 425.000
31 Ares Management Corporation 3.312 .932 1.914 .465 32.152
32 Madison Scottsdale 2.956 .548 .474 1.076 .809 .017 .001 .001 9.318
33 Stone Harbor Investment Partners LP .976 .026 .004 .931 .015 20.423
34 Fort Washington Investment Advisors, Inc. .830 .702 .192 .128 47.649
35 Victory Capital Management Inc. .607 .602 .005 51.175
36 MFS Investment Management .376 66.743
37 Securian Asset Management, Inc. .173 .064 .066 .043 24.832
38 Vontobel Asset Management 47.174