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: James M. Russo

  • Yield to Maturity: 6.15

  • Number of Holdings: 145

  • Average Credit Quality: B+

  • Firm Assets: $304 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.