U.S. Medium Quality Credit

The U.S. Medium Quality Credit strategy is designed to deliver excess return relative to the taxable fixed-income universe as measured by the Barclays U.S. Credit Baa: 3% Issuer Capped Index. The team uses in-depth fundamental credit research combined with a relative-value framework to perform security selection and determine sector weightings. The team also seeks to add alpha by actively managing the portfolio's duration and yield-curve exposures within defined risk management parameters. Portfolios typically hold between 60% and 80% BBB-rated corporate bonds. The balance of the portfolio is invested in higher-rated investment-grade bonds or BB-rated (high yield) corporate bonds.

Strategy details

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