Short Duration Corporate Bonds
Strategy Overview
Account Minimum: $250,000 | Launch of Strategy: June 1, 2004
The strategy is designed for investors interested in a shorter maturity profile which targets an allocation of 50% Investment Grade and 50% High Yield securities in one portfolio. A bottom-up approach identifies investment opportunities that represent the most attractive value with strong prospects for consistent income and growth. The overall average credit rating objective is Baa3 with a duration target of 3.
We access over 30 institutional broker/dealers seeking competitive bids and offerings. This trading network provides all of our clients with best pricing. A strict sell discipline is employed within the strategy.
Portfolio Statistics
(as of 6/30/2025)
| wdt_ID | Name | Value |
|---|---|---|
| 1 | Average Maturity | 2.70 |
| 2 | Duration | 2.00 |
| 3 | Coupon | 4.64% |
| 4 | Yield to Maturity | 5.29% |
| 5 | Current Yield | 4.67% |
| 6 | Target Diversification | 25-30 Issues |
| 7 | Average Credit Target | BAA3 |
Resources
Short Duration Brochure
Short Duration Profile
Short Duration Client Agreement
CAM Strategy Guide
Diversified Approach
The objective is to provide a diversified approach to the corporate bond market that can perform in various environments within the context of a duration target of 3.
Enhanced liquidity & safety
By investing only in bonds with an initial issue size generally in excess of $100,000,000.
Shorter Maturity
A shorter maturity profile which blends an allocation of 50% Investment Grade and 50% High Yield in one portfolio..
Diversified Portfolio
The portfolio is diversified across 20 – 30 equal weighted issues and generally limited to a maximum of 15% per industry group.
Established Companies & Industries
Emphasis on established industries leads us to avoid sectors that have precarious operating profiles.
Bottom Up Approach
A bottom-up approach identifies investment opportunities that represent the most attractive value with strong prospects for consistent income and growth.
Strategy Data
Calendar Year Returns (Gross)
Annualized Returns
(period ended 6/30/2025)
Risk Statistics
(period ended 6/30/2025)
Annualized Returns
(period ended 6/30/2025)
| wdt_ID | Period | CAM Gross | CAM Net | Weighted Bloomberg Index |
|---|---|---|---|---|
| 1 | YTD | 3.29 | 3.17 | 4.19 |
| 2 | 1 Year | 7.03 | 6.77 | 8.76 |
| 3 | 3 Years | 6.40 | 6.13 | 7.45 |
| 4 | 5 Years | 3.34 | 3.08 | 4.04 |
| 5 | 10 Years | 2.99 | 2.69 | 3.99 |
| 6 | Inception | 4.03 | 3.68 | 5.05 |
Risk Statistics
(period ended 6/30/2025)
| wdt_ID | Period | Standard Deviation CAM SD | Standard Deviation Weighted Bloomberg Index | Sharpe Ratio CAM SD | Sharpe Ratio Weighted Bloomberg Index |
|---|---|---|---|---|---|
| 1 | 3 Yrs. | 2.67 | 3.72 | 0.70 | 0.80 |
| 2 | 5 Yrs. | 4.37 | 5.16 | 0.13 | 0.26 |
| 3 | 10 Yrs. | 4.73 | 5.51 | 0.21 | 0.37 |
| 4 | Inception | 5.23 | 6.23 | 0.43 | 0.52 |
Maturity Distribution
Duration Distribution
Industry Distribution
Credit Quality Distribution
| wdt_ID | Type | Value |
|---|---|---|
| 1 | AAA | 0.00 |
| 2 | AA | 4.90 |
| 3 | A | 28.10 |
| 4 | BAA | 22.40 |
| 5 | BA | 30.30 |
| 6 | B | 14.30 |
| 7 | CAA | 0.00 |
| 8 | CA | 0.00 |
| 9 | < C | 0.00 |
| 10 | NR | 0.00 |
*Bloomberg Index Ratings