Andrzej Rostek/iStock via Getty Images Fund Strategy Strives to outperform the Bloomberg U.S. 1-3 Year Government/Credit Bond Index by investing in corporate bonds and structured products while maintaining a duration target of approximately one to two years Seeks to typically hold large exposures in spread sectors, including allocations to short-term corporate debt, residential and commercial mort...
Andrzej Rostek/iStock via Getty Images Fund Strategy Strives to outperform the Bloomberg U.S. 1-3 Year Government/Credit Bond Index by investing in corporate bonds and structured products while maintaining a duration target of approximately one to two years Seeks to typically hold large exposures in spread sectors, including allocations to short-term corporate debt, residential and commercial mortgage-backed debt, and asset-backed securities Uses a relative-value approach based on extensive credit analysis that seeks opportunities from changing market trends and pricing inefficiencies to generate excess returns Market review Despite a government shutdown that created short-term uncertainty and volatility in economic data reporting, available indicators suggest the U.S. economy remained resilient in the fourth quarter of 2025 and grew at roughly its historical trend pace. Growth was driven by solid consumer spending, supported by real income gains, healthy household balance sheets, and limited layoffs. Business investment also remained an important tailwind, with continued strength in artificial intelligence and data center-related capital expenditure helping to offset softness in more rate-sensitive areas of the economy. At the same time, the expansion remained uneven, with a K-shaped dynamic evident across both households and industries. Higher-income consumers and technology-intensive sectors continued to benefit from asset-price gains, productivity-enhancing investment, and relatively loose financial conditions, while interest and trade-sensitive industries, along with lower-income households, faced various headwinds, including still-elevated interest rates, tariffs, and the elevated price level. Inflation continued to moderate in the fourth quarter, led by ongoing services disinflation and easing shelter costs, while core goods inflation rose at a gradual pace. Most inflation measures ended the year lower, even as labor market and growth conditions remained heal...
The Federal Reserve's interest-rate decision dominates this week's calendar. Investors will also closely monitor February’s producer-price index for inflation signals, alongside a corporate earnings slate featuring Micron, Lululemon and FedEx.
The Federal Reserve's interest-rate decision dominates this week's calendar. Investors will also closely monitor February’s producer-price index for inflation signals, alongside a corporate earnings slate featuring Micron, Lululemon and FedEx.