Intermediate Government/Credit

Strategy Description

The Intermediate Government/Credit strategy seeks to provide stable income and deliver competitive risk-adjusted returns versus the benchmark.

The strategy typically invests in investment-grade corporate bonds, mortgage-backed securities, AAA-rated asset-backed securities, and U.S. Treasury bonds.

Assets Under Management

$1,215M

Inception

12/31/1994

Benchmark

Bloomberg U.S. Government/ Credit Index

Team

Bryant Jeffrey head shot
Jeffrey Bryant, CFA

Head of Credit Trading
Portfolio Manager

Rhoderick Sean head shot
Sean T. Rhoderick, CFA

Chief Investment Officer

DuRousseau Jessica head shot
Jessica DuRousseau, CFA

Assistant Portfolio Manager, Credit Trader & Analyst

Composite Investment Results

Intermediate Government/Credit
Gross of Fees Return (%)
QTD 4.28
YTD 5.02
1 Year 9.92
3 Year* 0.50
5 Year* 1.70
Since Inception* 4.57
Intermediate Government/Credit
Net of Fees Return (%)
QTD 4.18
YTD 4.75
1 Year 9.53
3 Year* 0.15
5 Year* 1.34
Since Inception* 4.19
Bloomberg U.S. Government/ Credit Index
Benchmark Return (%)
QTD 4.17
YTD 4.68
1 Year 9.45
3 Year* 0.17
5 Year* 1.26
Since Inception* 4.39

As of 9/30/2024. Source: Advent Portfolio Exchange® (APX). Performance returns are presented gross and net of fees and include the reinvestment of all income. Gross of fee performance returns do not reflect the payment of investment advisory fees and other expenses related to your account. Actual returns will be reduced by the advisory fee specific to your account and other expenses that may be incurred in the management of the account. Please refer to our GIPS® report, which includes additional disclosures. Past performance is no guarantee of future results.

Intermediate Government/Credit
Gross of Fees Return (%)
2023 5.63%
2022 -8.01%
2021 -1.35%
2020 7.54%
2019 7.12%
2018 0.80%
2017 2.45%
2016 2.09%
2015 0.78%
2014 2.96%
Intermediate Government/Credit
Net of Fees Return (%)
2023 5.27%
2022 -8.33%
2021 -1.70%
2020 7.17%
2019 6.74%
2018 0.45%
2017 2.10%
2016 1.74%
2015 0.43%
2014 2.60%
Bloomberg U.S. Government/ Credit Index
Benchmark Return (%)
2023 5.24%
2022 -8.23%
2021 -1.44%
2020 6.43%
2019 6.80%
2018 0.88%
2017 2.14%
2016 2.08%
2015 1.07%
2014 3.13%

As of 9/30/2024. Source: Advent Portfolio Exchange® (APX). Performance returns are presented gross and net of fees and include the reinvestment of all income. Gross of fee performance returns do not reflect the payment of investment advisory fees and other expenses related to your account. Actual returns will be reduced by the advisory fee specific to your account and other expenses that may be incurred in the management of the account. Please refer to our GIPS® report, which includes additional disclosures. Past performance is no guarantee of future results.

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