Short Duration Corporate Bonds
Strategy Overview
Account Minimum: $250,000 | Launch of Strategy: June 1, 2004
The strategy is designed for investors interested in a shorter maturity profile which targets an allocation of 50% Investment Grade and 50% High Yield securities in one portfolio. A bottom-up approach identifies investment opportunities that represent the most attractive value with strong prospects for consistent income and growth. The overall average credit rating objective is Baa3 with a duration target of 3.
We access over 30 institutional broker/dealers seeking competitive bids and offerings. This trading network provides all of our clients with best pricing. A strict sell discipline is employed within the strategy.
Portfolio Statistics
(as of 3/31/2025)
| wdt_ID | Name | Value |
|---|---|---|
| 1 | Average Maturity | 2.90 |
| 2 | Duration | 2.40 |
| 3 | Coupon | 4.60% |
| 4 | Yield to Maturity | 5.56% |
| 5 | Current Yield | 4.68% |
| 6 | Target Diversification | 25-30 Issues |
| 7 | Average Credit Target | BAA3 |
Resources
Short Duration Brochure
Short Duration Profile
Short Duration Client Agreement
CAM Strategy Guide
Diversified Approach
The objective is to provide a diversified approach to the corporate bond market that can perform in various environments within the context of a duration target of 3.
Enhanced liquidity & safety
By investing only in bonds with an initial issue size generally in excess of $100,000,000.
Shorter Maturity
A shorter maturity profile which blends an allocation of 50% Investment Grade and 50% High Yield in one portfolio..
Diversified Portfolio
The portfolio is diversified across 20 – 30 equal weighted issues and generally limited to a maximum of 15% per industry group.
Established Companies & Industries
Emphasis on established industries leads us to avoid sectors that have precarious operating profiles.
Bottom Up Approach
A bottom-up approach identifies investment opportunities that represent the most attractive value with strong prospects for consistent income and growth.
Strategy Data
Calendar Year Returns (Gross)
Annualized Returns
(period ended 3/31/2025)
Risk Statistics
(period ended 3/31/2025)
Annualized Returns
(period ended 3/31/2025)
| wdt_ID | Period | CAM Gross | CAM Net | Weighted Bloomberg Index |
|---|---|---|---|---|
| 1 | YTD | 1.32 | 1.26 | 1.48 |
| 2 | 1 Year | 6.09 | 5.83 | 7.06 |
| 3 | 3 Years | 3.89 | 3.63 | 4.41 |
| 4 | 5 Years | 4.30 | 4.03 | 4.99 |
| 5 | 10 Years | 2.65 | 2.34 | 3.71 |
| 6 | Inception | 3.98 | 3.64 | 4.98 |
Risk Statistics
(period ended 3/31/2025)
| wdt_ID | Period | Standard Deviation CAM SD | Standard Deviation Weighted Bloomberg Index | Sharpe Ratio CAM SD | Sharpe Ratio Weighted Bloomberg Index |
|---|---|---|---|---|---|
| 1 | 3 Yrs. | 4.54 | 5.57 | -0.11 | 0.02 |
| 2 | 5 Yrs. | 5.06 | 5.85 | 0.34 | 0.42 |
| 3 | 10 Yrs. | 4.76 | 5.49 | 0.16 | 0.33 |
| 4 | Inception | 5.25 | 6.26 | 0.42 | 0.51 |
Maturity Distribution
Duration Distribution
Industry Distribution
Credit Quality Distribution
| wdt_ID | Type | Value |
|---|---|---|
| 1 | AAA | 0.00 |
| 2 | AA | 4.40 |
| 3 | A | 29.00 |
| 4 | BAA | 19.50 |
| 5 | BA | 29.80 |
| 6 | B | 15.60 |
| 7 | CAA | 1.70 |
| 8 | CA | 0.00 |
| 9 | < C | 0.00 |
| 10 | NR | 0.00 |
*Bloomberg Index Ratings