US Intermediate Credit
Overview

Objective

The strategy seeks total return, consisting of income and capital appreciation

Benchmark

Bloomberg US Intermediate Credit Index

Universe

Primarily focused on corporate bonds, mortgage-related securities, asset-backed securities, US government and agency securities, sovereign or agencies in both developed and emerging foreign markets, supranational entities, and debt obligations issued by state, provincial, county, or city governments or other municipalities

Inception Date

October 1, 2018

Vehicles & Minimums
  • Separate account minimum: $75 million
  • Collective investment trust minimum: $1 million

 

Strategy availability may be limited to certain investment vehicles. Not all investment vehicles are available or suitable for all investors, and this information should not be considered an offer of products or services to any investor in any jurisdiction. CITs are available for investment only by qualified tax-exempt employee benefit plans.  Please contact your Aegon AM representative for additional information.

Literature
All Documents
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Performance & Characteristics
 
As of March 31, 2025. Past performance is not indicative of future results. Returns are gross and net of management fees and include the reinvestment of all income. Returns for period longer than 12 months have been annualized. Click here for a definition of the index.
 
 
 
 

Source: Aegon AM. Percentages based on market value as of March 31, 2025. Numbers may not add due to rounding. The above information represents the top 10 largest long positions in the representative account based on the aggregate dollar value. The specific securities identified and described do not represent all of the securities purchased, sold, or recommended for the account and the reader should not assume that investments in the securities identified and discussed were or will be profitable. All information is provided for informational purposes only and should not be deemed as a recommendation to buy the securities mentioned. Top 10 holdings excludes cash and cash equivalent positions. Top 10 holdings excludes cash and cash equivalent positions. Click here for term definitions.


**Effective June 1, 2022, credit quality calculations are sourced to Aegon AM and reflect a proprietary methodology. Credit quality calculations prior to June 1, 2022, may be different. Credit ratings for the portfolio reflect the Bloomberg Indices credit quality methodology which is the middle rating of the three agencies, if only rated by two agencies it uses the lower rating and if only rated by one entity it uses that rating. Ratings are calculated by applying the methodology to available ratings from rating agencies. If the rating is NR on a structured security, the methodology will look to both DBRS and Kroll and use the lower rating; if rated by one, use that rating; else it will remain NR. Average Quality excludes cash and securities that are not rated. The credit quality of a security or group of securities does not ensure the stability or safety of the overall portfolio. NR includes securities that are not rated by S&P®, Moody’s®, or Fitch and may contain bonds, equities and/or bank loans.

 

***Yield-to-worst should not be interpreted as performance. Please see the composite trailing return data herein.

Portfolio managers
Brad Doyle, CFA
Co-Head of Investment Grade Credit

Brad Doyle, CFA, is co-head of investment grade credit and a senior portfolio manager responsible for the portfolio management of investment grade credit strategies.

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Norbert King
Co-Head of Investment Grade Credit

Norbert King is co-head of investment grade credit and a senior portfolio manager responsible for the portfolio management of investment grade credit strategies. He is also a portfolio manager for multi-sector portfolios and LDI and CDI mandates.

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Sivakumar Rajan
Senior Portfolio Manager

Siva Rajan is a senior portfolio manager for the investment grade credit portfolios, multi-sector strategies and government securities.

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Important Disclosures

Offered by Aegon Asset Management US

Past performance is not indicative of future results. The net of fees performance is time weighted and includes the reinvestment of dividends, interest, and other earnings, and is calculated net of model fees and expenses. The gross of fees performance figures do not reflect the deduction of investment advisory fees (as described in the firm's ADV, Part 2), and other expenses. Cash is included in the calculation of performance. The client's return will be reduced by the management fees and any other expenses it may incur in the management of its investment advisory account. The volatility of the performance shown may be materially different from the individual performance attained by any specific investor. In addition, client holdings may differ significantly from the securities that comprise the index. It is not possible to invest directly in an index, which also does not take into account trading commissions and costs. In addition, the actual investment advisory fees incurred by the client will vary according to the asset classes in the account and the size of the account.  An individual client's actual returns may differ from the results shown for reasons such as the timing of investments and withdrawals. 

 

The US dollar is the currency used to express performance.

 

Aegon AM US claims compliance with the Global Investment Performance Standards (GIPS®). Please contact Aegon AM US at 877-234-6862 to obtain a GIPS Composite Report for the strategy presented in this advertisement.

 

GIPS® is a registered trademark owned by CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.