RECONSTRUCTING FIXED INCOME

In today’s evolving markets, traditional approaches to fixed income may fall short.
Our forward-thinking framework, developed by our Portfolio Construction and Strategy Team, is designed to help you meet your return and income goals without unintended risks.

RECONSTRUCTING
FIXED INCOME

In today’s evolving markets, traditional approaches to fixed income may fall short. Our forward-thinking framework, developed by our Portfolio Construction and Strategy Team, is designed to help you meet your return and income goals without unintended risks.

Fixed_Income_Blocks_FINAL_101821-min

NEW ERA, NEW ROADMAP

Traditional lines in fixed income investing have been blurred by low rates, large price swings, high duration risks and a proliferation of new strategies. As a result, what was once a fairly straightforward asset class aimed at providing capital preservation and income, is now disorienting for many investors.

In this new era, our Portfolio Construction and Strategy Team thinks it's more important than ever to focus on an investor's individual goals rather than attempt to find a one-size-fits-all solution. Learn more in Shifting Gears: Activating a Goals-Based Fixed Income Strategy.

Download Shifting Gears PDF

DEFEND - DIG DEEPER

Goal

Seeks to provide lower volatility equity diversification in an equity market downturn.

New Roadmap

Dig deeper into the defensive tool kit; understand new opportunities and trade-offs within securitized, investment-grade corporates, and both short and intermediate duration.

Download Shifting Gears PDF

INCREASE INCOME - EXPERTISE AND GRIT

Goal

Increased return and income potential via exposure to higher risk fixed income.

New Roadmap

High yields don’t guarantee positive prospective returns, but investors need to pay heed to opportunities when presented. Sector- and security-selection expertise tied to appropriate timing and a strong stomach are the necessary ingredients in order to navigate dislocations in these markets.

Download Shifting Gears PDF

DIVERSIFY - A BRAVE NEW WORLD

Goal

Dynamically combine some elements of equity diversification with higher income potential.

New Roadmap

Diversifying strategies are dynamic tools that can “re-risk” core fixed income overweights and/or “de-risk” overly aggressive fixed income allocations. However, we believe investors need to focus on managers who streamline their approach and limit exposure to complex approaches that can generate unintended risk.

Download Shifting Gears PDF

Connect with one of our experts

Our dedicated portfolio strategists can analyze your fixed income lineup and examine how its behavior in past rising-rate and risk-off markets might prepare you for the current environment.

For Financial Professionals – for a complimentary assessment, please complete this form and we will be in touch.

Coverage Across the
Fixed Income Spectrum

As of 3/31/22, Developed World Bond Fund Class I Shares Morningstar RatingsTM in the World Bond USD Hedged category: 4 stars out of 112 funds, 5 stars out of 84 funds, 5 stars out of 53 funds and 5 stars out of 112 funds, for the 3-, 5-, 10-year and Overall periods, respectively.

As of 3/31/22, Multi-Sector Income Fund Class I Shares Morningstar RatingsTM in the Multi-sector Bond category: 3 stars out of 282 funds, 4 stars out of 241 funds, and 4 stars out of 282 funds for the 3- and 5 year and Overall periods, respectively.

As of 3/31/22, JMBS Mortgage-Backed Securities ETF Morningstar RatingsTM in the Intermediate Government category: 5 stars out of 227 funds, and 5 stars out of 227 funds for the 3- year and Overall periods, respectively.