Fixed Income Models

High Income & High Income ETF Focus

Designed to be a foundational component of a portfolio’s bond allocation, it attempts to generate yield and total return above investment grade bonds, limit draw-down risk below shorter-dated treasuries and provide low correlation to equities. The strategy seeks to accomplish this objective through strategic rules-based allocations between High Yield Bonds, Corporate Bonds, Short Term Treasuries, and cash instruments. High Yield Bonds may provide a greater yield than these other bond asset classes, while the latter provides greater price stability. By systematically moving between these asset classes, we attempt to capture a greater yield while maintaining price stability.

How to use High Income:

• • Foundational component of a portfolio’s bond allocation and in distribution planning
  • Complement core equity to potentially lower overall portfolio risk
  • Flexibility to manage duration exposure during periods of decreasing bond prices

Tactical High Yield Bond

Seeks to capture coupons in high yield bond markets while attempting to reduce credit, inflation and interest rate risk through rules-based tactical exits to cash/cash equivalents.

Tactical Aggregate Bond

Seeks to capture coupons in investment grade bond markets while attempting to reduce credit, inflation and interest rate risk through rules-based tactical moves between 5-7 Yr investment grade bonds, 1-3 Yr investment grade bonds and treasury inflation protected securities.