Quality Taxable Approach

Haverford’s taxable fixed income strategy leverages our core competencies and investment process to focus on the primary needs of taxable fixed income investors. We recognize that the compounding effect of coupon income over time has historically been the largest contributor to fixed income performance. Other relevant attributes are:

• A bias is to overweight “spread” products (mortgages, corporate, and agency debt) and underweight treasuries.
• Management of interest rate risk by limiting duration targets within a 20% range of the appropriate benchmark.
• Active management of sector and security selection, rotating out of sectors once they are fully valued by the market.
• Striving for low volatility and consistent returns by de-emphasizing market timing and placing increased value on carry and spread opportunity

For specific products, visit our Quality Taxable Products page.