Unconstrained Fixed Income
- Top-down strategy focus on yield curve positioning, sector rotation, duration management and credit risk management.
- Bottom-up selection process derived from our proprietary fundamental analysis of income statement and cash flow generation seeking issues with above average income potential.
- Invests primarily in U.S. dollar-denominated investment grade and high yield corporate issues.
- Risk Premium Management -pursues an attractive yield spread relative to a five year treasury within acceptable levels of portfolio risk.
Strategy Inception: January 1, 2003
Portfolio Manager: James M. Russo
Yield to Maturity: 6.12
Number of Holdings: 165
Average Credit Quality: B+
Firm Assets: $306 million
Benchmarks: BBgBarc US Agg Bond, ICE BofAML US High Yield and US Fund Nontraditional Bond
*Available through TD Ameritrade, Schwab and Lockwood/Pershing Managed Account Solutions.