Unconstrained Fixed Income

Strategy Inception: January 1, 2003
Portfolio Manager: Zac Q. Smith
Yield to Maturity: 8.23
Number of Holdings: 73
Average Credit Quality: B
Firm Assets: $436 million
Benchmarks: iShares Core US Aggregate Bond ETF, iShares iBoxx $ High Yield Corp Bd ETF

*Available through TD Ameritrade and Schwab separate account managed programs.

  • 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.