Quality, stability, and predictability are the hallmarks of Reinhart Partners’ fixed income management philosophy. We believe that successful fixed income management is a product of maintaining a conservative discipline that does not take undue risks in pursuit of yield, but rather selectively takes on moderate risk exposures when the risk/reward tradeoff for that exposure is favorable. Click on the bars below for further explanation of our conservative risk management discipline and how we adjust risk exposures based on risk/reward favorability.
(Click graphs to view risk details)
Our conservative approach to credit risk results in our Corporate Only portfolios being of higher overall credit quality than investment-grade US corporate bond indexes. This will lead to tracking error relative to these benchmarks and a lower yield for our portfolios. We do manage duration versus corporate only indexes in order to mirror the corporate bond market’s interest rate risk.
Experienced Portfolio Management Team
Portfolio managers average 17 years of investment management experience
Performance Incentive Plan
Aligns managers’ and clients’ interests to reward long-term performance