Taxable Strategy
Haverford’s taxable fixed-income portfolio mixes high-quality intermediate corporate, agency, mortgage and Treasury instruments with the goal of delivering attractive risk-adjusted returns across the market cycle. Our Quality Investing approach is based on analysis of individual securities to evaluate their specific risks today and in the future.
Investment Philosophy
Investment Strategy
Portfolio Characteristics*
Haverford |
BIGC |
|
|---|---|---|
| Yield to Worst | 4.3% | 3.9% |
| Coupon | 3.8% | 3.3% |
| Current Yield | 3.7% | 3.3% |
| Quality | A | AA |
| Maturity | 5.6 | 4.3 |
| Effective Duration | 3.4 | 3.8 |
Sector Allocation*
Haverford |
BIGC |
|
|---|---|---|
| Treasury | 18.8 | 63.8 |
| Agency | 2.4 | 2.5 |
| MBS – Passthroughs | 11.7 | 0.0 |
| Corporates | 62.6 | 29.8 |
| Industrial | 31.4 | 15.3 |
| Utilities | 10.7 | 2.2 |
| Financial | 20.5 | 12.2 |
| Other | 4.5 | 3.9 |
Notes
“BIGC” refers to the Bloomberg Intermediate Government/Credit Index. The Bloomberg Intermediate Government/Credit Index, illustrated for comparative purposes only, includes only securities in the intermediate maturity range of the Government/ Credit Index (e.g. must have a maturity from 1 up to, but not including, 10 years. The Government/Credit Index includes Treasuries, Agencies, and publicly issued corporate debentures. It is not possible to invest directly in an index.
*Based on recommended portfolio weights. Portfolio Characteristics, Sector Allocation and Quality Distribution are subject to change at any time based on market or other conditions.
Disclosure
All Data as of September 30, 2024. The information presented should not be construed as investment advice or recommendations with respect to specific securities presented and may not represent the holdings or weighting of any particular portfolio.
