The Flexible Government Bond strategy is a portfolio of U.S. dollar-denominated fixed income securities which seeks to produce interest income, to preserve capital, to offset the erosion in purchasing power due to price inflation, and to exceed the total return of the Barclays Capital U.S. Government Bond Index.
Only investment-grade government and agency issues as rated by Duff & Phelps, Moody’s, and Standard & Poor’s at the time of purchase are eligible for inclusion in the portfolio.
The strategy team uses active interest rate anticipation and the analysis of quality spreads to determine the composition of issues held in a portfolio.
The portfolio duration is set within a range of 3 to 8 years. Flexible Government Bond has been an active fixed income strategy for SKBA since June 1, 1998.
STRATEGY TEAM MEMBERS
Andrew W. Bischel, MBA, CFA
Shelley H. Mann
Josh J. Rothé, MBA