The TSW Core Plus Bond Fund is managed by Bill Bellamy, who is a 21-year veteran of the firm and has been responsible for managing the strategy since 2005.  The fund aims to outperform the benchmark and generate strong risk-adjusted returns over market cycles.  Security selection and sector allocation have been the main drivers of return while duration and yield curve positioning are considered secondary contributors.  As a nimble manager, the team feels that strong in-house fundamental analysis can lead to opportunities in the credit market often overlooked by larger investment managers.  The “plus” portion of the fund is an allocation to high yield credit of up to 20% and this decision is mainly driven by relative value analysis versus investment grade bonds.  The high yield allocation serves as income and return enhancer to an otherwise traditional core bond portfolio. 

Investment Objective

The investment objective of the TSW Core Plus Bond Fund (the “Fund”) is to seek strong, risk-adjusted total return over a market cycle.