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
Systematic Tax-Loss Harvesting in Laddered Bond Portfolios
by Dan Codreanu, Director, Fixed Income Portfolio Management and Quantitative Research; Issac Kuo, Managing Director, Portfolio Management and Head of Quantitative Research
June 23, 2022
Systematic TLH helps laddered bond investors improve their portfolios’ after-tax performance, especially in today’s rapidly changing market.
