Launched in 2021*, the investment-grade bond mandate’s objective is to preserve capital and provide a high rate of cash coupon income. Goodwood uses a disciplined, fundamental, bottom-up approach to constructing investment-grade bond portfolios that they believe will reward investors with capital gains due to credit improvements and credit rating upgrades.
The mandate invests in approximately 25 investment-grade fixed-income securities, targeting 200-300 basis point returns over 5-year Canadas. The Goodwood investment-grade bond mandate is typically invested in a portfolio of issues generating a yield-to-maturity greater than 4% with an average term-to-maturity of 3-5 years.
Institutional accounts are customized to meet compliance requirements.