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 12/31/2024)
| wdt_ID | Name | Value |
|---|---|---|
| 1 | Average Maturity | 2.70 |
| 2 | Duration | 2.10 |
| 3 | Coupon | 4.43% |
| 4 | Yield to Maturity | 5.49% |
| 5 | Current Yield | 4.51% |
| 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 12/31/2024)
Risk Statistics
(period ended 12/31/2024)
Annualized Returns
(period ended 12/31/2024)
| wdt_ID | Period | CAM Gross | CAM Net | Weighted Bloomberg Index |
|---|---|---|---|---|
| 1 | YTD | 6.11 | 5.84 | 6.58 |
| 2 | 1 Year | 6.11 | 5.84 | 6.58 |
| 3 | 3 Years | 2.00 | 1.74 | 2.47 |
| 4 | 5 Years | 2.93 | 2.67 | 3.07 |
| 5 | 10 Years | 2.62 | 2.31 | 3.74 |
| 6 | Inception | 3.97 | 3.62 | 4.97 |
Risk Statistics
(period ended 12/31/2024)
| wdt_ID | Period | Standard Deviation CAM SD | Standard Deviation Weighted Bloomberg Index | Sharpe Ratio CAM SD | Sharpe Ratio Weighted Bloomberg Index |
|---|---|---|---|---|---|
| 1 | 3 Yrs. | 5.33 | 6.25 | -0.43 | -0.27 |
| 2 | 5 Yrs. | 5.74 | 6.97 | 0.08 | 0.08 |
| 3 | 10 Yrs. | 4.76 | 5.50 | 0.18 | 0.36 |
| 4 | Inception | 5.28 | 6.30 | 0.42 | 0.51 |
Maturity Distribution
Duration Distribution
Industry Distribution
Credit Quality Distribution
| wdt_ID | Type | Value |
|---|---|---|
| 1 | AAA | 0.00 |
| 2 | AA | 4.00 |
| 3 | A | 28.70 |
| 4 | BAA | 19.30 |
| 5 | BA | 30.70 |
| 6 | B | 15.20 |
| 7 | CAA | 2.10 |
| 8 | CA | 0.00 |
| 9 | < C | 0.00 |
| 10 | NR | 0.00 |
*Bloomberg Index Ratings