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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

This strategy invests across Treasury, government-related, corporate and securitized sectors. 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

Treasury Bonds

Government-Related Bonds

Corporate Bonds

Securitized Products

Strategy Information

Inception Date: September 2017

Strategy AUM: $202 million

Typical Benchmark: BBG Barc Intermediate US Gov/Credit

Portfolio Characteristics

Average Maturity 5.15 Years

Average Duration 3.90 Years

Average Credit Rating AA+

Average Yield to Maturity 3.07%

Average Coupon 2.75%

Average Annual Turnover 20-40%

Ratings Profile*

AAA 50.5%

AA 15.9%

A 21.5%

BBB 12.0%

Sector Profile

Treasuries 33.0%

Government-Related 13.3%

Corporates 38.0%

Securitized 14.1%

Cash 1.6%

*Methodology uses lowest of S&P and Moody’s, but Prerefunded and Treasury bonds default to AAA category.

The information above is current as of 12/31/18. 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.