Value Opportunistic Investment-Grade

Investment Objective

The Value Opportunistic Investment-Grade strategy seeks to maximize total return over a three-year investment horizon.


The strategy uses a value-driven approach and seeks to generate return by investing in a portfolio of investment grade, fixed income securities. It seeks to add value by capitalizing on imbalances in the relationships among sectors and individual bonds. We believe that investing in undervalued sectors and bonds and selling expensive ones using a relative value assessment is the ideal process to capture value.

The strategy typically invests in US dollar-denominated fixed income securities including governments, corporate bonds, securitized bonds, sovereign and supranational entities, as well as municipal bonds. The interest rate risk for the strategy is derived using a methodology based on a three-year time horizon, where the main objective is to offset any principal loss over that period. There is no exposure to currency risk, high yield bonds or emerging market debt.