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STRATEGIES

FIXED INCOME
STRATEGIES

Winthrop Capital Management offers multiple fixed income strategies built to maximize income and generate strong risk-adjusted returns. We manage taxable and tax-exempt strategies as well as portfolios customized to meet specific client liabilities or unique circumstances. We build these portfolios from the bottom up, starting at the security level. The portfolios are managed to maximize income and generate strong risk-adjusted returns within the context of our proprietary macroeconomic and interest rate outlook.

We build our portfolios using propriety and independent credit research. We do not rely on the credit rating agencies as these ratings tend to be a lagging indicator of the health of an issuer. We delve deep into the financials, sources of payment, and risks to independently determine the strength of a creditor.

CUSTOMIZED SEPARATELY MANAGED ACCOUNT

These strategies are great options for institutions and high net worth individuals because they may be customized through separately managed accounts (SMA). Each SMA holds individual securities, giving the client the benefit of direct ownership. The portfolio can be structured to meet a client’s unique needs and tailored to accommodate a particular constraint.

READ MORE ABOUT OUR INVESTMENT PHILOSOPHY

CORE FIXED INCOME

BENCHMARK

Bloomberg Barclays U.S. Aggregate Bond Index

INCEPTION DATE

6/30/2010

The Core Fixed Income strategy seeks to outperform the index by focusing on investments in high-quality securities, managing portfolio risk and maintaining a controlled duration discipline. In pursuing this strategy, WCM invests in all major investment-grade sectors of the bond market, including U.S. government securities, corporate bonds, municipal bonds, mortgage-backed securities and other structured securities. Individual selection is based on our proprietary fundamental research.

INTERMEDIATE 1-3 YEAR FIXED INCOME

BENCHMARK

Bloomberg Barclays 1-3 Yr U.S. Gov/Credit Index

INCEPTION DATE

3/31/2014

The Intermediate 1-3 Year Fixed Income strategy seeks to outperform the index by focusing on investments in high-quality securities, managing portfolio risk and maintaining a controlled duration discipline. In pursuing this strategy, WCM invests in all major investment-grade sectors of the bond market including U.S. government securities, corporate bonds, municipal bonds, mortgage-backed securities and other securities. Individual security selection is based on our proprietary fundamental research.

INTERMEDIATE AGGREGATE FIXED INCOME

BENCHMARK

Bloomberg Barclays Intermediate U.S. Aggregate Bond Index

INCEPTION DATE

6/30/2017

The Intermediate 1-3 Year Fixed Income strategy seeks to outperform the index by focusing on investments in high-quality securities, managing portfolio risk and maintaining a controlled duration discipline. In pursuing this strategy, WCM invests in all major investment-grade sectors of the bond market including U.S. government securities, corporate bonds, municipal bonds, mortgage-backed securities and other securities. Individual security selection is based on our proprietary fundamental research.

INTERMEDIATE FIXED INCOME

BENCHMARK

Bloomberg Barclays 1-5 Year U.S. Gov/Credit Index

INCEPTION DATE

6/30/2008

The Intermediate Fixed Income strategy seeks to outperform the index by focusing on investments in high-quality securities, managing portfolio risk and maintaining a controlled duration discipline. In pursuing this strategy, WCM invests in all major investment-grade sectors of the bond market including U.S. government securities, corporate bonds, municipal bonds, mortgage-backed securities and other securities. Individual security selection is based on our proprietary fundamental research.

INTERMEDIATE TERM MUNICIPAL FIXED INCOME

BENCHMARK

Bloomberg Barclays Municipal 5 Year Bond Index

INCEPTION DATE

3/31/2018

The Municipal 5-Year Fixed Income strategy seeks to consistently outperform the index while managing the portfolio risk level and maintaining a controlled duration discipline. The strategy invests in all major investment-grade sectors of the municipal bond market including general obligation, revenue, special purpose bonds, and tax increment financing bonds. Portfolio risk is managed through individual security selection, sector allocation and overall portfolio duration strategy relative to the benchmark.

MUNICIPAL FIXED INCOME

BENCHMARK

Bloomberg Barclays Municipal Bond Index

INCEPTION DATE

8/31/2014

The Municipal Fixed Income strategy seeks to consistently outperform the index while managing the portfolio risk level and maintaining a controlled duration discipline. The strategy invests in all major investment-grade sectors of the municipal bond market including general obligation, revenue, special purpose bonds, and tax increment financing bonds. Portfolio risk is managed through individual security selection, sector allocation and overall portfolio duration strategy relative to the benchmark.

SHORT DURATION HIGH YIELD FIXED INCOME

BENCHMARK

Bloomberg Barclays U.S. High Yield 1-5 Year Cash Pay 2% Index

INCEPTION DATE

3/31/2012

The Short Duration High Yield Fixed Income strategy seeks to outperform the index by focusing on investing in high-yield securities with maturity dates or call dates shorter than five years. In pursuing this strategy, WCM invests primarily in high-yield corporate bonds, but may also invest in investment-grade corporate bonds and municipal bonds. Individual security selection is based on our proprietary fundamental research.

TACTICAL INCOME

BENCHMARK

Merrill Lynch U.S. 3-month Treasury Bill Index

INCEPTION DATE

3/31/2008

The Tactical Income strategy implements a holistic approach to fixed income portfolio management. By tactically allocating across a broad range of fixed income sectors, this strategy attempts to earn a high income-oriented return with a moderate level of risk. Individual security selection is based on proprietary fundamental research. In a WCM-managed portfolio, every security must have a performance objective that has strict horizon return criteria.

ULTRA-SHORT FIXED INCOME

BENCHMARK

Bloomberg Barclays Short-term Government/Corporate Index

INCEPTION DATE

12/31/2009

The Ultra-Short Fixed Income strategy offers a higher current yield alternative to short-term investments such as traditional money market funds. The strategy is designed to provide liquidity and principal preservation, but with more of an emphasis on seeking returns that are superior to traditional money market offerings. In pursuing this strategy, WCM invests in investment-grade corporate bonds, municipal bonds, asset-backed securities, mortgage-backed securities, and high-yield bonds. Individual security selection is based on our proprietary fundamental research.

A HISTORY OF SUPERIOR
PERFORMANCE

Many of our investment strategies and models have earned industry recognition and high rankings.

VIEW OUR AWARDS HISTORY
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