Investment Objective
To achieve attractive risk-adjusted returns, while minimizing risk and seeking price stability during periods of interest rate volatility.
The strategy seeks to provide price stability during periods of interest rate or credit spread volatility in order to deliver attractive risk-adjusted returns.
Key Tenets of Our Approach
Integration of quantitative and fundamental analysis at the sector, issuer and individual security levels
Focus on diversification, liquidity, credit quality, and minimizing potential risk
Universe
- Domestic investment grade market from two years out to fifteen years maturity
- Typically U.S. Treasury, TIPS, Agency, Corporates, and Mortgages securities with maturities ranging from two year maturities out to 15 years maturities
Benchmark
- Bloomberg Intermediate Government/ Credit Index
Operating Target
- Typically 40-80 holdings
- Initial target corporate weightings up to 2-3%
- All main sectors of benchmark represented
Limiting Exposure
- Single A Rated securities and above at time of purchase.
- No more than 10 percent of outstanding corporate issuer
- Focus on larger, liquid benchmark securities
- Duration: +/- one year of benchmark duration
The Bloomberg Intermediate Govt/Credit Index is the intermediate component of the Bloomberg US Government/Corporate Bond Index. Total return comprises price appreciation/depreciation and income as a percentage of the original investment. The Index is unmanaged.
One cannot invest directly in an index.
This website is for informational purposes only. GIM products are actively managed and their characteristics will vary. All investment has risk, including the risk of loss of principal. There can be no assurance that efforts to manage risk or to achieve any articulated investment objective will be successful. An investor should consider investment objectives, risks, charges and expenses carefully before investing. For additional information regarding risks and about the firm, please refer to Related Literature and Disclosures.