Portfolios are constructed with U.S. dollar-denominated securities. Primary consideration is given to out-of-favor sectors of the bond market. Dislocations between buyers and sellers often develop in the fixed income markets, resulting in large inefficiencies. We are able to exploit these inefficiencies for your benefit by purchasing securities at a significant discount to their intrinsic value. Portfolio construction is based on a buy-and-hold strategy in which excess returns are generated by acting as the providers of liquidity.
| Inception Date | February 1, 2013 |
| Assets Under Management (in millions) | $268.60 |
| Investment Style | Core - Specialized |
| Decision Making | Opportunistic |
| Benchmark | Barclays Capital U.S. Aggregate Bond Index |
| Strategic Enhanced | Barclays Capital U.S. Aggregate Bond Index | |
|---|---|---|
| Average Credit Quality | Aa1 | Aa1 |
| Duration | 8.0 yrs | 6.1 yrs |
| Current Yield | 2.5% | 2.6% |
| Number of Holdings | 91 | 11912 |
| Strategic Enhanced | Barclays Capital U.S. Aggregate Bond Index | |
|---|---|---|
| Government | 50.50 | 39.00 |
| Asset Backed | 9.10 | 0.40 |
| Mortgage Backed | 27.00 | 29.10 |
| Corporate | 8.90 | 30.70 |
| Taxable Municipal | 0.20 | 0.90 |
| Cash | 4.30 | 0.00 |