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Intermediate Fixed Income
Our U.S. Intermediate Fixed Income strategy is for investors seeking an actively managed portfolio with alpha potential over longer time periods, as well as liquidity, inflation protection, and low correlation to equities. Investors use the strategy as a standalone mandate and as a complement to other strategies.
Our active investment approach
We offer our strategies via separate accounts. Investment guidelines can be tailored to meet most individual client circumstances and investment objectives.
Meet the Investment Committee
We believe investors benefit from our team-based approach to managing investments. Through close collaboration and debate, we bring our best ideas forward. The primary responsibilities of the U.S. Fixed Income Investment Committee, whose members’ average tenure at Dodge & Cox is 23 years, are to:
- Set broad portfolio strategy including individual issuer targets, sector weightings, duration, and other portfolio characteristics.
- Diversify the portfolio prudently across issuers, sectors, geographies, and economic exposures.
- Carefully monitor and evaluate portfolio exposures and risks through regular scenario analyses, stress testing, and risk modelling, making changes when appropriate.
- Oversee the strategy’s implementation through close collaboration with our trading team.
Our Committee members are Dodge & Cox shareholders.
1 As of 12/31/2021.
Dodge & Cox does not guarantee the future performance of any account or any specific level of performance, the success of any investment decision or strategy that Dodge & Cox may use, or the success of Dodge & Cox’s overall management of an account. Investment decisions made for a client’s account by Dodge & Cox are subject to various market, currency, economic, political, and business risks (foreign investing has special risks such as currency and market volatility and political and social instability), and those investment decisions will not always be profitable. Investments in debt securities are subject to interest rate risk, credit risk, prepayment risk and other risks.
The Bloomberg U.S. Intermediate Aggregate Bond Index includes securities in the intermediate maturity range of the Bloomberg Aggregate Index which represents securities that are U.S. domestic, taxable, and dollar denominated.
The Bloomberg U.S. Intermediate Government/Credit index is the Intermediate component of the U.S. Government/Credit index. The Government Index represents treasuries and agencies. The Credit Index includes publicly issued U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity, and quality requirements.
The primary benchmark is the Bloomberg Intermediate Aggregate Bond Index. The Bloomberg Intermediate U.S. Government/Credit Bond Index is shown as additional information.
BLOOMBERG is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). Bloomberg or Bloomberg's licensors own all proprietary rights in the Bloomberg Indices. Bloomberg does not approve or endorse this material, or guarantee the accuracy or completeness of any information herein, or make any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, shall not have any liability or responsibility for injury or damages arising in connection therewith.