A Custom Core® Fixed Income SMA allows investors to track market exposure, manage credit risk, and apply active tax management while delivering the consistent performance and diversification of index-based vehicles.
Our approach
We combine two key elements to manage systematic risk and deliver cost-effective fixed income solutions for every investor’s unique needs.
Our objectives
Client exposure
- Provide exposure to single or blended fixed income benchmark
- Incorporate customization features
Tracking error
- Maintain less than 0.25% tracking error while efficiently capturing market returns
Active tax management
- Harvest losses throughout the year
- Defer the realization of capital gains
- Seek to enhance after-tax excess returns by 0.2% to 0.3% on average
How it works
Make it your own
We combine two key elements to manage systematic risk and deliver cost-effective fixed income solutions for every investor’s unique needs.
Characteristics
- Maturity
- Quality
- Sector
- Industry
Tax management
- Systematic tax management
- Transition analysis
- Tax-efficient cash withdrawals
- Client-directed gain/risk budgets
Responsible investing
- Screens
- Fundamental research using Calvert ESG expertise
Address a variety of client needs with highly customizable solutions.
Expertise by the numbers
As of 12/31/2020
Discover calculation tools to explore your performance in changing investment environments
Latest insights and research
Roll with the Punches of Rising Interest Rates
by Thomas Luster, Managing Director, Taxable SMA Strategies; Jim Evans, Chief Investment Officer, Fixed Income ; +1
June 11, 2021
Rising interest rates can cause performance drag. Adopting an equally weighted laddered bond portfolio structure may help investors roll with the punches without feeling the lasting effects.
