Intermediate-duration fixed income strategies, actively managed with discipline, designed to preserve capital and provide attractive risk-adjusted returns.
It’s a core allocation built to stabilize portfolios through changing market cycles. Our bond strategies are carefully constructed to deliver income while minimizing interest rate risk and avoiding unnecessary complexity.
Every bond we buy is evaluated on fundamentals: balance sheet strength, free cash flow, covenant protections, and liquidity.
Portfolios maintain duration within ±1 year of the benchmark, limiting interest rate risk while preserving yield opportunities.
Typically 35–50 CUSIP-level holdings. We never use leverage, structured products, or derivatives. Your portfolio is designed to be clear, understandable, and resilient.
We invest our own capital alongside yours.
Transparent, client-first reporting and communication.
A philosophy tested across multiple market cycles since 1998.
Never chasing fads, never relying on leverage, always focused on long-term results.
Our goal is to deliver consistent total returns while minimizing interest rate risk. We construct focused, value-centric portfolios of high-quality bonds with an intermediate duration profile.
Corporate Fixed Income focuses solely on corporate debt. While Enhanced Core includes a mix of corporate and government securities. Both aim to provide stability, income, and capital preservation through rigorous bottom-up research.
We avoid derivatives, leverage, and overly complex instruments. Our portfolios are built security-by-security through a disciplined, research-driven process that emphasizes relative value, credit quality, and liquidity.
Risk is managed through diversification (35–50 holdings), sector exposure limits, issuer caps, laddered maturities, and a rigorous sell discipline. We also avoid sectors like tobacco, offensive weapons, and distilled spirits.
Our portfolios typically hold 35–50 securities, maintain less than 5% cash, and have average credit quality in the A-to-BBB range. Duration is generally kept within +/- 1 year of the benchmark.
Corporate Fixed Income is benchmarked against the Bloomberg Intermediate Corporate Index, while Enhanced Core Fixed Income uses the Bloomberg Intermediate Government/Credit Index.
While we employ a buy-and-hold bias, we are not hesitant to sell a position if its risk/reward profile deteriorates. This disciplined approach helps avoid credit deterioration and enhances total return potential.
Our strategies tend to outperform in periods of stable or tightening credit spreads and a steepening yield curve. They are designed to maintain resilience across interest rate cycles.
Our fixed income strategies are well-suited for institutions, foundations, endowments, and high-net-worth individuals seeking stable income with managed interest rate and credit risk.
These strategies are available as an SMA vehicle through various platforms. Contact us to discuss access and customization options.
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