OUR STRATEGIES | WILLIAM BLAIR CORE FIXED INCOME STRATEGY

U.S. FIXED INCOME

William Blair Core Fixed Income Strategy

KEY FEATURES AND POTENTIAL BENEFITS

Differentiated Opportunities

Diversified, core fixed-income portfolio that applies a highly selective approach to identify our best ideas in the corporate and mortgage-backed securities sectors. Actively managed by a tenured dedicated fixed-income team with a disciplined repeatable investment process.

Potential Benefits

Provides the opportunity for higher income and returns than the Bloomberg Barclays Aggregate Bond Index.

Disciplined Investment Approach

Disciplined approach that combines fundamental research with macro-economic impacts to help identify relative value and desirable characteristics while employing active risk management. The strategy retains flexibility to invest up to 5% of the portfolio in below investment grade holdings, bonds typically rated BB or B.

View All Our Strategies

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Featured Blog Posts

February 9, 2021

U.S. Fixed Income

The Green Wave in Fixed Income

Todd Kurisu, CFA

Since sustainable (“green”) bonds were first introduced, the fixed-income market has seen the confluence of three events: increased...

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October 20, 2020

U.S. Fixed Income

Low Duration for Enhanced Cash Management

Ruta Ziverte, Partner

Rates are zero-bound, and today, everyone seems to be looking for yield. But as prime money market funds...

READ POST

April 27, 2020

U.S. Fixed Income

The Short and Long of the Fed Buying Corporate Bonds

Ruta Ziverte, Partner

By enhancing liquidity and improving functionality in the corporate bond markets, new U.S. Federal Reserve (Fed) programs have...

READ POST

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Glossary

INDICES
The Bloomberg Barclays U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, mortgage-backed securities (agency fixed-rate and hybrid ARM pass-throughs), asset-backed securities, and commercial mortgage backed securities.

The MSCI ACWI IMI Index is a free float-adjusted, market capitalization-weighted index that captures large, mid, and small cap representation across developed and emerging markets.

The MSCI ACWI ex-US IMI Index is a free float-adjusted, market capitalization-weighted index that captures large, mid, and small cap representation across developed and emerging markets, excluding the U.S. The Value and Growth Indices are a subset of the Index that adopt a framework for style segmentation in which value and growth securities are characterized using different attributes. Multiple factors are used to identify value and growth characteristics.

The MSCI ACWI Small Cap Index is a free float-adjusted, market capitalization-weighted index that captures small cap representation across developed and emerging markets.

The MSCI Emerging Markets Index is a free float-adjusted, market capitalization-weighted index that is designed to measure the equity market performance of emerging markets.

The MSCI World Index is a free float-adjusted, market capitalization-weighted index that is designed to measure the equity market performance of developed markets.

The Russell 2000 Index is a market capitalization-weighted index designed to represent the small cap segment of the U.S. equity universe.

Index performance is for illustrative purposes only. The indices are unmanaged, do not incur fees or expenses, and cannot be invested in directly.

TERMS
Alpha is a measure of an investment's return in excess of the market's return, after both have been adjusted for risk.

Beta is a measure of the volatility of an investment relative to the overall market, represented by a comparable benchmark.

Half-life is a statistical measure of the time required for the discrepancy between price and value to contract by half of its starting value. Fundamental value estimates are based on the Dynamic Allocation Strategies team's proprietary research.

P/E Ratio is a measure of valuation which compares share price to earnings per share, calculated using estimates for the next twelve months.

Standard deviation is a statistical measurement of variations from the average.

QUANTITATIVE MODELS – FACTOR DEFINITIONS
The William Blair Earnings Trend Model captures information about short- and medium-term changes in analyst estimates in an attempt to anticipate future estimate changes and stock performance. The score combines measurements of earnings revisions, momentum, and earnings surprise.

The William Blair Valuation Model combines varying metrics used to characterize the relationship between the stock’s trading price and its intrinsic value. By going beyond using only one or two measures, the model attempts to build a more holistic version of a stock’s worth vis-a-vis the market. The score combines measurements of earnings/cash flow based, asset-based, and model-based factors.

FEATURED TOPICS

U.S. EQUITY

GLOBAL EQUITY

EMERGING MARKETS DEBT

U.S. FIXED INCOME

GLOBAL MACRO

William Blair Core Fixed Income Strategy

Differentiated Opportunities

Potential Benefits

Disciplined Investment Approach

View All Our Strategies

Featured Blog Posts

The Green Wave in Fixed Income

Low Duration for Enhanced Cash Management

The Short and Long of the Fed Buying Corporate Bonds

Looking For More Insights?

Create an
Enduring Partnership

FEATURED TOPICS

U.S. EQUITY

GLOBAL EQUITY

EMERGING MARKETS DEBT

U.S. FIXED INCOME

GLOBAL MACRO

William Blair Core Fixed Income Strategy

Differentiated Opportunities

Potential Benefits

Disciplined Investment Approach

View All Our Strategies

Featured Blog Posts

The Green Wave in Fixed Income

Low Duration for Enhanced Cash Management

The Short and Long of the Fed Buying Corporate Bonds

Looking For More Insights?

Create an Enduring Partnership

Privacy & Security

Cookie Policy

Our use of cookies

Additional Resources

Social Media Disclaimer

Glossary

Create an
Enduring Partnership