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Wasmer Schroeder

Intermediate IG Credit

ITTX+

Objective

Diversified, limited duration strategy with a focus on higher yielding sectors and securities

 

Highlights

  • Focus: Spread product and sector management
  • Composite Inception Date: 9/30/2010
  • Benchmark: Bloomberg Barclays Intermediate U.S. Government/Credit Index
  • Credit Quality: Investment grade portfolio with a focus on higher yielding sectors; ‘BBB’ exposure limited to 30%
  • Duration: Limited duration portfolio consisting of bonds maturing between 1-10 years
  • Sector Allocation: Core portfolio is taxable municipal bonds and corporate bonds; does not employ any below investment grade bonds

Characteristics

 

Top Sectors

Source for Index information: Bloomberg Barclays

Credit Quality Details

For periods prior to 10/1/2011, WS reports credit quality for individual issues based on the highest of the available credit ratings from the three primary rating agencies: Standard & Poor’s, Moody’s and Fitch. For periods 10/1/2011 and going forward, the rating shown is the middle rating ranked lowest to highest by the three primary rating agencies, if three ratings are available. If only two ratings are available, WS shows the lower of the two ratings. More information about the ratings assigned to the securities in the Portfolio by each ratings agency is available upon request. The ratings shown may not reflect the ratings as of the report date; ratings are updated periodically and are subject to change without notice. During periods of market volatility, ratings may change dramatically.