The strategy seeks to generate high total return from both current income and capital appreciation by investing primarily in agency and/or non-agency residential mortgage-backed securities, agency and/or non-agency commercial mortgage-backed securities, and asset-backed securities across the rating spectrum, though the strategy generally maintains a single-A or higher portfolio average credit rating. The strategy utilizes active sector rotation, a disciplined credit process, and quantitative techniques to manage risk and extract excess return. We have been managing securitized debt securities as part of broader mandates since 1993 and launched a standalone strategy in 2007.
Portfolio Attributes
Inception Date | 4/1/2007 |
Benchmark | Bloomberg Global Aggregate Securitized 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