Insights

The social doctrine of the Catholic Church guides its investment policy.

We believe payout ratio is a critical metric in evaluating dividend-paying securities and avoiding the potential pitfalls associated with targeting solely high dividend yield.

We believe that investors may place too much emphasis on high absolute dividend yield when seeking defensive and high income-generating equity exposure.

Uncertainty around fiscal deficits and trade policy dampened demand for Treasury bonds in May.

There are important limitations to relying solely on total return—primarily that not all returns are created equal.

Volatile investment markets throughout April reacted to shifting trade policy messaging, mixed economic readings, and President Trump’s expression of frustration with the Federal Reserve.

Breckinridge believes a less rigid approach to municipal bond management can pursue objectives similar to ladder strategies while providing flexibility to opportunistically take advantage of changing market conditions.

IG corporate new issuance surprised to the upside and registered a record first quarter with about $585 billion of bonds issued.