Objective

High current income, preservation of capital and total return over a five-year time horizon.

Investment Strategy

  • Our primary focus is on evaluating the underlying business fundamentals and credit risk of corporate securities.
  • Securities are purchased when we believe the yield and total return potential are attractive relative to asset and interest coverage and relative to other securities with comparable risk.
  • We are prepared to hold securities to maturity or until they are called. However, securities may be sold when price reaches our estimate of value, to raise proceeds for a more attractive opportunity or if the underlying fundamentals deteriorate.

Portfolio Management

As of February 28, 2016, the Strategic Income Composite was renamed the Corporate Credit Composite.