The strategy seeks to generate high total return from both current income and capital appreciation by investing primarily in asset-backed securities, agency residential mortgage-backed securities and collateralized mortgage obligations, non-agency residential mortgage-backed securities, “to-be-announced” securities, commercial mortgage-backed securities, and U.S. government debt and U.S. Agency debentures that are rated "AAA" or the equivalent at the time of purchase. The strategy utilizes active sector rotation, a disciplined credit process, and quantitative techniques to manage risk and extract excess return. We have been managing agency and triple-A mortgage debt securities as part of broader mandates since 1993 and launched a standalone strategy in 2009.
Portfolio Attributes
Inception Date | 10/1/2009 |
Benchmark | Bloomberg U.S. MBS Index |
Portfolio Managers Industry Start Date
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Roger Lavan, CFA
Portfolio Manager—Multi-Asset Credit Strategies, Securitized Products Sector Manager1985
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Nicodemus Rinaldi
Senior Managing Director and Portfolio Manager, Securitized Products1990
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Andrew Szabo, CFA
Senior Managing Director and Portfolio Manager, Securitized Products1986