Our Team
"We all have a shared love for what we do."
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Investment Philosophy
"The essence of our philosophy is that the market is not efficient — we want to exploit these inefficiencies."
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Investment Process
"We're always looking for relative value and opportunities in the marketplace, and it's all based on bottom-up security selection."
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Unlocking Potential: Securitized Assets
"One of the things we like about the securitized market is the credit enhancements — the things that protect investors that are put in place that you don't get with credit."
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Building Lasting
Client Partnerships
"We're not looking for clients, we're looking for strategic partners."
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Past performance is not a guarantee of future results. Composite results reflect the reinvestment of dividends, capital gains and other earnings when appropriate. Net returns are calculated by reducing the gross returns by the highest stated fee in the composite fee schedule. Only transaction costs are deducted from gross of fees returns. To view a GIPS Report for all composites, click here.
Statistics
Portfolio Characteristics1
As of
30 Jun 2025
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Portfolio
Portfolio Guidelines
The portfolio generally invests at least 80% of its assets in a diversified portfolio of fixed income securities and may invest a significant portion or all of its assets in securitized bond investments. The portfolio may invest up to 35% of its assets in below-investment grade securities at the time of purchase. The portfolio will typically maintain an average portfolio duration within 20% of the duration of the Bloomberg US Aggregate Bond Index.
Sector Allocation2 (%) As of
30 Jun 2025
Bloomberg US Aggregate Bond Index
Duration Breakdown (%)As of
30 Jun 2025
|
Core Plus Bond Composite |
Bloomberg US Aggregate Bond Index |
| Less than one |
11.1 |
1.4 |
| 1-3 |
20.2 |
25.4 |
| 3-5 |
23.7 |
24.1 |
| 5-7 |
13.7 |
18.9 |
| 7-10 |
15.8 |
14.1 |
| 10-20 |
15.4 |
16.0 |
| 20+ |
0.0 |
0.0 |
Credit Quality Rating3 (%) As of
30 Jun 2025
| AAA |
6.5 |
| AA |
55.6 |
| A |
13.4 |
| BBB |
13.9 |
| BB |
5.2 |
| B |
3.9 |
| CCC & Below |
0.1 |
| Not Rated |
1.5 |
Key Rate Duration (%) As of
30 Jun 2025
|
Core Plus Bond Composite |
Bloomberg US Aggregate Bond Index |
| 1Y |
0.10 |
0.11 |
| 2Y |
0.18 |
0.25 |
| 3Y |
0.33 |
0.48 |
| 5Y |
1.07 |
1.16 |
| 10Y |
1.92 |
1.34 |
| 20Y |
1.68 |
1.59 |
| 30Y |
0.39 |
1.03 |
Disclosure
1 Data, where applicable, is shown gross of fees and should be viewed in conjunction with the net of fee returns included in this document.
2 Cash & Other may include cash and money market funds. RMBS: Residential Mortgage-Backed Securities, CMBS: Commercial Mortgage-Backed Securities.
3 Security quality ratings are derived from underlying portfolio securities by using the middle rating of Standard & Poor’s, Moody’s, and Fitch. If only two of Standard & Poor’s, Moody’s, and Fitch rates a security the higher of the two is selected. If only one of Standard & Poor’s, Moody’s, and Fitch rates a security the available rating is used. For securities that are not rated by Standard & Poor’s, Moody’s, or Fitch a rating from a secondary Nationally Recognized Statistical Rating Organization (“NRSRO”) may be used. Ratings by any agency represent an opinion only, not a recommendation to buy or sell. Securities that are not rated by any agencies are reflected as Not Rated “NR.”
Index data source: Bloomberg Index Services Limited. See www.silvercrestjefferson.com/disclosures for a full copy of the disclaimer.