Core Fixed Income

Pugh Capital's Core Fixed Income strategy is managed against the Barclays Capital U.S. Aggregate Bond Index. Pugh Capital seeks to add value relative to the benchmark and peers by minimizing downside risk through diversification across all investment-grade sectors of the fixed income market, while adding incremental return through sector rotation and issue selection. The average credit rating of the portfolios is generally 'AA'. Portfolio effective durations are managed within a range of +/- 10% of the benchmark, which is usually between 4 and 5. The Core Fixed Income strategy invests in securities with a rating of 'BBB-' or higher.

Long Duration Strategy

Pugh Capital's Long Duration Strategy is managed against the Barclays Capital U.S. Long Government/Credit Bond Index. Portfolios are invested in investment-grade securities including corporates and taxable municipals and emphasize maturities between 10 and 30 years. The average credit rating of the portfolios is generally AA. The average effective duration of this strategy is managed within a range of +/- 10% of the benchmark duration which typically ranges from 10 to 13. The Long Duration Strategy invests in securities with a rating of 'BBB-' or higher.

Long Credit Strategy

Pugh Capital's Long Credit Strategy is managed against a custom index of "weighted average of the Barclays Capital U.S. Long Credit Index (75%) and the Barclays Capital U.S. Long Government Index (25%)." Portfolios are invested in investment-grade securities including corporates and taxable municipals and emphasize maturities between 10 and 30 years. The average credit rating of the portfolios is generally A. The average effective duration of this strategy is managed within a range of +/- 10% of the benchmark duration which typically ranges from 10 to 13. The Long Credit Strategy invests in securities with a rating of 'BBB-' or higher.

Intermediate Term Fixed Income

Pugh Capital's Intermediate-Term Fixed Income strategy is managed against the Barclays Capital U.S. Intermediate Government Bond Index. These portfolios invest in 'A' rated or better securities with maturities of 1-10 years. Portfolios generally maintain an average effective duration between 3 and 4.

Mortgage Strategy

Pugh Capital's Mortgage Strategy is managed against the Barclays Capital U.S. MBS Index. The strategy primarily holds agency mortgage securities and also invests in governments, commercial mortgage-backed, non-agency mortgage-backed and asset-backed securities. Portfolios in this product usually have an average 'AA+' rating and an average effective duration between 2 and 5.

Core Plus Fixed Income

Pugh Capital's Core Plus Fixed Income strategy is managed against the Barclays Capital U.S. Aggregate Bond Index. Pugh Capital seeks to add value by minimizing downside risk through diversification across all sectors of the fixed income market, while adding incremental return through sector rotation and issue selection. In addition the product opportunistically invests in high yield bonds. Portfolios will have average credit quality of 'A' or better and usually have an average effective duration between 4 and 5.

The investment services offered on this website are intended for U.S. investors only. Investing in securities always carries the risk of potential loss of investment principal. Past results should not be taken as any guarantee of future results.