Government Credit Sustainable Strategies

Sustainable investing requires a more comprehensive and forward looking assessment of risk.

EXPLORE OUR INVESTMENT STRATEGIES
Tax-Efficient
Government Credit
Sustainable

It is supported by research that goes beyond financial statements to analyze material environmental, social and governance (ESG) factors that can impact present and future performance. At Breckinridge, we believe sustainability is a natural match for investment grade fixed income strategies. We have developed formal frameworks for analyzing issuer sustainability using rigorous processes, a seasoned investment team and proprietary technology.

Breckinridge’s sustainable government credit strategies are designed for investors seeking to maximize risk-adjusted return and preserve capital while emphasizing environmental, social and governance (ESG) performance. Guided by proprietary ESG research, these strategies selectively invest in corporate, taxable municipal, supranational and government agency issuers with above-average ESG profiles and/or bonds that fund essential environmental, social or economic development projects. Employing a separate account structure, these strategies can accommodate values-based customizations.

Investment Objective

Maximize risk-adjusted return, preserve capital and emphasize ESG performance

Eligible Investments*

Corporate Bonds

Taxable Municipal Bonds

Government Agency Bonds

Supranational Bonds

Strategy Information

Inception Date: July 2011

Strategy AUM: $839 Million

Benchmark: BBG Barc Intermediate US Gov/Credit

Portfolio Characteristics

Average Maturity 4.21 Years

Average Duration 3.89 Years

Average Credit Rating AA

Average Yield to Worst 2.15%

Average Coupon 2.40%

Average Annual Turnover 10-20%

Sample Rating Distribution

AAA 34.3%

AA 35.5%

A 23.1%

BBB 6.1%

Cash 1.0%

Sample Asset Allocation

Corporates 45.0%

Taxable Municipals 30.0%

Agency & Treasury 20.0%

Supranational 5.0%

*Eligible investments include bonds with above average ESG profiles and bonds that fund sustainable or essential public purpose projects. The information above is current as of 12/31/16. Sample portfolio characteristics provided above are intended to illustrate general information for our Intermediate Government Credit Sustainable Strategy and are subject to change given market conditions and client objectives. Actual portfolios may vary.