Intermediate Core Fixed Income Strategy
Our philosophy in managing intermediate core fixed income accounts is to add value above a benchmark index utilizing U.S. governments/agencies, corporate credit issues, foreign government and agency bonds, mortgage-backed securities (MBS), and asset-backed securities (ABS) within a narrow duration band to the benchmark index.
Through yield curve and yield spread strategies, we identify attractive sector and issue opportunities. In addition, we seek relative value opportunities across various structures within these sectors, such as Floating Rate Notes (FRNs) and Treasury Inflation-Protected Securities (TIPS).
This strategy is similar to our core account philosophy but is most appropriate if you seek broad fixed income exposure but want to mitigate interest rate risk.
Intermediate Credit Fixed Income Strategy
Our philosophy in managing your intermediate credit fixed income account is to capture the historic performance advantage of corporate credit issues and to add value above our benchmark index within a narrow duration band. This approach minimizes market timing and emphasizes attractive sector and issue spread opportunities within the credit universe. Consequently, we believe this approach will capture the historic sector outperformance that credit has enjoyed over mortgages and government and agency issues.
This strategy is similar to our credit account philosophy but is most appropriate if you seek to mitigate interest rate risk.