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Fixed Income

ABLS oversees fixed income programs for both public and commercial entities, as well as high-net-worth individuals. Our fixed income strategy may be summarized in one sentence: we purchase durable credits* when attractive yields are available. We provide taxable, tax-exempt, and inflation-indexed strategies based on our patented investment philosophy and valuation approach, all of which are intended to generate positive long-term returns.

The following essential insights underpin our investment philosophy:

  • Credit values have typically provided compensation in excess of default-related losses across fixed income sectors.
  • Credit spreads are more volatile than their underlying fundamentals would suggest, creating an ideal setting for active management.
  • To produce peer-leading total returns, we believe a patient, long-term approach is required.

Our strategy targets debt issuers in key market sectors, such as:

  • Corporate debt
  • Asset-backed securities
  • Commercial mortgage-backed securities
  • Municipal bonds
  • Inflation-indexed securities
  • Federal agencies
  • Agency mortgage-backed securities
  • U.S. Treasuries

Learn how our bottom-up investment model incorporates environmental, social, and governance (ESG) factors.

Taxable Fixed Income Strategies

Independent credit research designed to uncover exceptional value across fixed income sectors

Tax-Exempt Fixed Income Strategy

Bottom-up credit research designed to uncover strong value in major subsectors of the U.S. municipal bond market

U.S. TIPS Strategy

“Pure Play,” actively managed strategy employed within the inflation-indexed market

*Obligations such as bonds, notes, loans, leases, and other types of indebtedness issued by obligors other than the United States Government and its agencies, excluding Cash and Cash Equivalents, tallied at the level of the ultimate obligor or guarantor of the Obligation.

NOT FDIC INSURED   NO BANK GUARANTEE   MAY LOSE VALUE