Fixed income

U.S. Short Duration Fixed Income Strategy

The strategy aims to outperform the Bloomberg 1–3 Year U.S. Government Index by investing the majority of its assets in high-quality securities issued or guaranteed by U.S. government agencies or government-sponsored enterprises.

Consistent performance

Consistent performance across all types of market environments targets a superior information ratio.

Comprehensive risk controls

The team is committed to an intense focus on risk discipline.

Bottom-up portfolio construction

Bottom-up, active relative-value management seeks to generate outperformance from security selection, not interest rate or sector positioning.

Investment approach

Seeks consistent, replicable outperformance across market environments

The team conducts careful evaluations of opportunity sets within the context of portfolio strategy.

Bottom-up security selection from a focused universe of high-quality, liquid bonds offers the opportunity for consistent and replicable outperformance.

Dedicated sector specialists conduct in-depth fundamental and industry research.

Company reviews within an industry context help frame risk profiles and lay groundwork for relative-value analysis.

Active relative-value management creates opportunities for alpha.

Analysts integrate fundamental research with market intelligence to formulate relative-value views and support active relative-value trading.

A focus on risk and relative value allows security selection to be a driver of returns.

The team’s proprietary risk management system, RiskSum™, creates the foundation for a highly disciplined decision-making process.

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Composite performance

Average annual returns

(as of 6/30/2024)

1/1/1993

	1M	3M	YTD	1Y	3Y	5Y	10Y	Inception
Composite (Gross)	0.71	1.11	1.89	5.64	0.40	1.24	1.46	4.01
Composite (Net)	0.68	1.04	1.76	5.37	0.14	0.96	1.09	3.52
Benchmark	0.58	0.91	1.20	4.53	0.34	1.03	1.13	3.19

Performance is historical and does not guarantee future results. For more information, please refer to the GIPS composite report found in the documents section.

Calendar year

	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Composite	4.57	-4.89	-1.21	3.80	3.54	0.99	0.73	1.15	0.42	1.00
Benchmark	4.32	-3.81	-0.60	3.14	3.59	1.58	0.45	0.87	0.57	0.64

Performance is historical and does not guarantee future results. For more information, please refer to the GIPS composite report found in the documents section.

Our team

Meet the investment team

To deliver risk-adjusted excess returns for clients, the team focuses on price inefficiencies and actively employs relative-value management or rotation at the security level.

View Team

Maulik Bhansali

Co-Head of Core Fixed Income

Jarad Vasquez