Given the volatility of markets, long-only portfolios may not be appropriate for investors who cannot stomach market gyrations. Randy Swan, Lead Portfolio Manager of the Swan Defined Risk Fund, stays true to his always invested, always hedged strategy, with the objective of delivering consistent returns over a full market cycle.

Over the last three decades, the high yield bond market has become significantly deeper as securities in this space of the fixed-income universe have become more acceptable as a way to diversify portfolios. With sharp declines in interest rates and increased liquidity, the scale of investment opportunity has also narrowed.

Most high yield bond funds focus on selecting from a pool of thousands of non-investment grade bonds. Unlike the majority of its peers, the USAA High Income Fund seeks attractive high income investment opportunities in investment and non-investment grade fixed-income securities. Portfolio manager Julianne Bass explains how her team is

Although investors often perceive it as a homogenous asset class, the fixed income market provides access to a broad range of debt instruments with different exposures and maturities. Joanna Bewick, portfolio manager of the Fidelity Advisor Strategic Income Fund, seeks investment opportunities across categories and around the globe relying on

Investors are increasingly looking to see that their investments have a positive effect on the world in addition to generating sound returns. However, many funds with a social agenda fail to deliver financial results or simply go out of business. Portfolio manager Rolf Kelly and his team of analysts search

Companies with a track record of dividend payment are attractive to investors for their fiscal discipline and shareholder friendliness. Generally, a rising dividend indicates a healthier business and projects expanding cash flows. Henry W. Sanders III and Thomas S. Forsha, portfolio managers of the AMG River Road Dividend All Cap

Companies with structural and competitive advantages can sustain higher earnings and free cash flows for longer periods of time, generating superior returns for patient investors. Julian Pick, portfolio manager of the Polen Global Growth Fund, and his team of researchers look for such companies around the world, applying a

Investing in corporate bonds is research intensive, and managing a relatively smaller strategy can effectively work to an asset manager’s advantage. Robert Vanden Assem of PineBridge Investments, portfolio manager of the SunAmerica Strategic Bond Fund, employs a flexible approach that combines macro views with deep credit research and security selection

Developing markets have offered an expanded opportunity set in the last decade, as the implementation of prudent financial discipline by many emerging economies coincides with bond yields dropping to near zero in their developed counterparts. Steve Huber, portfolio manager of the T. Rowe Price Global Multi-Sector Bond Fund, employs a

One of the core challenges of achieving fixed-income diversification is the complexity of research required to invest in the vast universe of multiple bond markets. John Lovito, portfolio manager of the American Century Global Bond Fund, relies on a global team of analysts to combine macro views and security selection