Guiding Principles

  • Active Multi-Sector Approach

    We are active, multi-sector asset allocators. Depending on where we are in the economic cycle, the interest rate climate, and other market factors, we seek out the best relative value among investment grade and high yield corporate bonds, securitized bonds (agency and commercial mortgage-backed securities), government bonds, and Treasuries.

  • Comprehensive Research

    Our active approach combines top down macroeconomic analysis and rigorous bottom-up credit research. We evaluate the business cycle, valuation trends, and market technicals to guide our market and sector allocation decisions. Our security selection process combines fundamental, valuation, and technical analysis to identify companies with solid business models and sustainable cash flows.

  • Risk Sensitive

    A key tenet of our active approach to managing fixed income portfolios is to mitigate risk through diversification, in-depth research, and a distinct bias for quality.

The Taxable Bond Team’s research and security selection process

Explore Strategies

Separate Accounts Mutual Fund
Short-Term Taxable Bond
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Intermediate Taxable Bond
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Core Bond
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Core Bond ESG
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Enhanced Core Bond
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Enhanced Core Bond ESG
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Total Return Bond
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Corporate Bond Opportunities
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Short-Term Focused High Income
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At GW&K, we have a very unique investment culture that really allows us to form lasting partnerships with our clients. We listen to our clients and then we construct customized portfolios to meet their goals, objectives, and risk control metrics. Taken together, this differentiates us from our competitors.
Mary Kane Taxable Bond Portfolio Manager
Our approach focuses on relative value. We're constantly trying to optimize the reward that we're getting for the risks that we're taking. We do this at the sector level as well as at the individual security level. We believe one of the best ways of managing risk is by buying quality assets at attractive prices.
Steve Repoff Portfolio Manager, Taxable Bond
We really believe that our clients win with steady, incremental income over time. Thus, on a day-to-day basis we go out and build our clients diversified yield advantaged portfolios.
Mary Kane Taxable Bond Portfolio Manager
Teamwork and collaboration permeate the culture at GW&K. They are central to the investment process on the taxable team. Every member of our team is engaged in researching, analyzing, and selecting a new credit for the portfolio.
Steve Repoff Portfolio Manager, Taxable Bond
The success of the taxable bond department is rooted in our active management style. We use multiple sectors of the bond market to add value over time. We aim to take advantage of the relative value opportunities that occur in the marketplace – at the sector, issue, and security level, right down to how we position ourselves along the yield curve.
Mary Kane Taxable Bond Portfolio Manager

Commentary

perspectives image
GW&K Taxable Bond Strategies Investment Commentary – 4Q 2020
Taxable Bond | Commentary

The fourth quarter represented a major inflection point for fixed income markets, as the most dominant trading narratives of 2020 were either resolved or significantly advanced.

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perspectives image
GW&K Taxable Bond Monthly Commentary – December 2020
Taxable Bond | Commentary

Mary F. Kane, CFA, Partner, Taxable Bond Portfolio Manager and Stephen J. Repoff, CFA, Principal, Taxable Bond Portfolio Manager

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GW&K's CIO and Portfolio Managers share their insights and opinions on the economy and market each quarter.

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