45%
Treasuries
Primary ballast for liquidity, duration control, and portfolio resilience.
Fixed Income Strategy
Core Bond Plus.
Investment-grade core exposure with opportunistic credit allocation, active duration management, and risk-aware income discipline.
All Strategies Strategy Architecture
Income architecture without reaching for risk.
Core Bond Plus combines the ballast of high-quality fixed income with measured flexibility across credit sectors when the compensation for risk is attractive.
5.8%
5-Year CAGR
1.20
Sharpe Ratio
$2M
Minimum
2005
Inception
Investment Discipline
The mandate, in plain terms.
Core Bond Plus combines the stability of investment-grade fixed income with tactical allocations to higher-yielding sectors. The approach emphasizes capital preservation while seeking excess return through active duration management and credit selection.
The strategy maintains a core allocation to investment-grade securities with the flexibility to allocate to high-yield bonds, emerging market debt, and structured credit when risk/reward is attractive.
Sector Allocation
A measured fixed income mix.
30%
IG Corporate
High-quality corporate credit selected through issuer-level research.
15%
High Yield
Selective exposure where spreads compensate for credit and liquidity risk.
10%
EM Debt
Measured access to sovereign and corporate opportunities outside developed markets.
Performance Record
Performance History
Compared with the Bloomberg Aggregate benchmark.
| Period | Strategy | Benchmark | Alpha |
|---|---|---|---|
| YTD 2025 | +5.1% | +4.2% | +0.9% |
| 1 Year | +5.8% | +4.6% | +1.2% |
| 3 Years Ann. | +4.8% | +3.1% | +1.7% |
| 5 Years Ann. | +5.8% | +4.1% | +1.7% |
| Since Inception | +5.4% | +4.4% | +1.0% |
Operating Standard
Fixed income oversight anchored in preservation.
Duration, credit quality, and liquidity are reviewed as part of a single risk budget, with allocations adjusted only when spread, structure, and balance-sheet strength support the decision.
- Issuer-level credit diligence and covenant review
- Active duration ranges tied to rate-cycle assessment
- Liquidity review across market stress scenarios
IMPORTANT DISCLOSURES: Past performance is not indicative of future results. Fixed income securities are subject to interest rate, inflation, credit, and default risk. The bond market is volatile. As interest rates rise, bond prices usually fall. The return of principal is not guaranteed.