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Fixed Income

For 15 years, Philos Investment Management has managed fixed income strategies for public and private institutions, as well as high-net-worth families. Our fixed income strategy can be summarised in one sentence: when attractive returns are available, we buy durable credits*. Based on our proprietary investment philosophy and valuation process, we offer taxable, tax-exempt, and inflation-indexed strategies, all of which are designed to provide good long-term returns.

Our investment philosophy is founded on the following key insights: 

  • Across fixed income sectors, credit values have typically provided compensation in excess of default-related losses.
  • Credit spreads are more volatile than their underlying fundamentals would suggest, allowing for active management.
  • We believe that a patient, long-term approach is required to produce peer-leading total returns.

Our strategy focuses on debt issuers in key market segments 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 takes into account  environmental, social, and governance (ESG) factors.

Taxable Fixed Income Strategies

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

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