Short Government Credit Strategy
The Short Government Credit Strategy is an investment grade, short duration bond portfolio that seeks to maximize both liquidity and risk-adjusted return while preserving capital.
The shortest of Breckinridge’s Government Credit product offerings, this strategy is appropriate for investors for whom liquidity and principal protection are paramount. Eligible investments include Treasury, government-related and corporate bonds. Managed in a separate account, the strategy employs active management, bottom-up credit research, opportunistic trading and proactive portfolio structuring. In certain cases, this strategy can be customized by benchmark, sector, maturity, duration and credit quality.
Maximize liquidity and risk-adjusted return while preserving capital
Inception Date: January 2011
Strategy AUM: $484 Million
Benchmark: BBG Barc 1-3 Yr Gov/Credit
Average Maturity 1.96 Years
Average Duration 1.89 Years
Average Credit Rating AA
Average Yield to Maturity 2.51%
Average Coupon 2.46%
Average Annual Turnover 45-65%
*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 3/31/19. 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.