Unconstrained Fixed Income

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: Zac Q. Smith

  • Yield to Maturity: 4.68

  • Number of Holdings: 78

  • Average Credit Quality: B

  • Firm Assets: $410 million

  • Benchmarks: Morningstar US Core Bd TR USD, Morningstar US HY Bd TR USD

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