A Pragmatic Approach to Fixed Income Investment



Reviewing Our Q3 Investor Letter

What If Rates Return to Yield Curve Averages?

  Relative Positioning  
schedule

Duration

Underweight
 

stopremovestop

Yield Curve

Slightly Bulleted
 

credit_card

Corporate Credit

Underweight
 

maps_home_work

Securitized

Overweight MBS
 

shield

Conviction

15% 0-5 IS TIPS
& 5% USD Bullish

Characteristics


See the current portfolio breakdown



Current Update


A Look at the most recent index positioning



Total Return


Understand how factors can lead to total return outperformance