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Core Government Credit Sustainable

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

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

Maturity Based

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 core 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, the strategy selectively invests in corporate, municipal, Treasury, government agency, supranational, asset-backed and mortgage-related securities with above-average ESG profiles and/or bonds that fund essential environmental, social or economic development projects. Values-based customizations are also available.

Investment Objective

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

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: $199 million

Typical Benchmark: BBG Barc Intermediate US Gov/Credit

Portfolio Characteristics

Average Maturity 4.89 Years

Average Duration 3.94 Years

Average Credit Rating AA

Average Yield to Worst 3.22%

Average Coupon 2.66%

Average Annual Turnover 20-40%

Rating Distribution

AAA 46.2%

AA 15.9%

A 23.6%

BBB 12.8%

Unrated 0.0%

Cash 1.5%

Top 5 Sustainability Sectors

Best in Class ESG Corporate* 36.6%

General Federal 28.7%

Economic Development 9.5%

Education 8.4%

Housing 6.7%

*The CFA Institute defines best-in-class selection as preferring issuers with better or improving ESG performance relative to sector peers.

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.