Government Credit Sustainable Strategies
Sustainable investing requires a more comprehensive and forward looking assessment of risk.
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 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, these strategies selectively invest in corporate, taxable municipal, supranational and government agency issuers with above-average ESG profiles and/or bonds that fund essential environmental, social or economic development projects. Allocations to MBS, CMBS and ABS securities may also be included at the direction of the client. Employing a separate account structure, these strategies can accommodate values-based customizations.
Maximize risk-adjusted return, preserve capital and emphasize ESG performance
Taxable Municipal Bonds
Government Agency Bonds
MBS, CMBS & ABS Securities*
Inception Date: July 2011
Strategy AUM: $900 Million
Benchmark: BBG Barc Intermediate US Gov/Credit
Average Maturity 4.25 Years
Average Duration 3.92 Years
Average Credit Rating AA
Average Yield to Worst 2.14%
Average Coupon 2.44%
Average Annual Turnover 10-20%
Sample Rating Distribution
Sample Asset Allocation
Taxable Municipals 30.0%
Agency & Treasury 20.0%
*Eligible investments include bonds with above average ESG profiles and bonds that fund sustainable or essential public purpose projects. Allocations to MBS, CMBS and ABS securities may also be included at the direction of the client.
The information above is current as of 3/31/17. Sample portfolio characteristics provided above are intended to illustrate general information for our Intermediate Government Credit Sustainable Strategy and are subject to change given market conditions and client objectives. Actual portfolios may vary.