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Core Intermediate Government Credit Strategy

The Core Intermediate Government Credit Strategy is an investment grade, intermediate duration bond portfolio that seeks to maximize risk-adjusted return and preserve capital.

EXPLORE OUR INVESTMENT STRATEGIES
Tax-Efficient
Government Credit
Core Government Credit

Maturity Based

Sustainable

Eligible investments include corporate, municipal, Treasury, government agency, supranational, asset-backed and mortgage-related securities. Managed in a separate account, the strategy employs active management, bottom-up credit research, opportunistic trading and proactive portfolio structuring. Customizations are available by benchmark, sector, maturity, duration and credit quality.

Investment Objective

Maximize risk-adjusted return and preserve capital

Eligible Investments

Corporate Bonds

Municipal Bonds

Asset-Backed Securities

Mortgage-Related Securities

U.S. Treasury Notes

U.S. Agency Debt

Supranational Bonds

Strategy Information

Inception Date: September 2017

Strategy AUM: $203 million

Typical Benchmark: BBG Barc Intermediate US Gov/Credit

Portfolio Characteristics

Average Maturity 4.90 Years

Average Duration 3.96 Years

Average Credit Rating AA

Average Yield to Worst 3.22%

Average Coupon 2.73%

Average Annual Turnover 20-40%

Rating Distribution

AAA 46.9%

AA 15.3%

A 25.8%

BBB 10.5%

Unrated 0.0%

Cash 1.5%

Asset Allocation

Corporates 38.6%

Treasuries 31.0%

Taxable Municipals 15.2%

ABS 7.0%

MBS 6.6%

Agencies 0.1%

Supranational 0.0%

Other 0.0%

Cash 1.5%

The information above is current as of 9/30/18. Characteristics provided are representative of fully invested portfolios managed to this strategy and are intended to illustrate general strategy information. These characteristics are subject to change given market conditions and client objectives. Actual portfolios may vary.