Fixed Income Portfolio
Investment-grade fixed income for portfolio stability and consistent cash flow.
Capital Preservation with Stable Income
Pendleton's fixed income platform emphasizes downside protection, consistent income, and disciplined duration management. We allocate across government, corporate, and municipal instruments, plus selected CDs and ETFs, to deliver portfolio stability while remaining opportunistic when spreads widen.
Government Bonds
Issued by national governments, government bonds are considered among the lowest-risk fixed income instruments available. Pendleton's government bond holdings include U.S. Treasuries and other sovereign debt, providing a stable foundation for portfolio income and capital preservation. These instruments serve as a core defensive allocation during periods of market volatility.
Corporate Bonds
Corporate bonds are debt instruments issued by companies seeking to raise capital. They typically offer higher yields than government bonds in exchange for taking on additional credit risk. Pendleton focuses on investment-grade corporate issuers with strong balance sheets, proven cash flow generation, and favorable industry positioning to balance yield enhancement with prudent risk management.
Municipal Bonds
Municipal bonds are issued by state and local governments, often providing interest income that is exempt from federal taxes and, in many cases, state and local taxes as well. Pendleton strategically allocates to municipal bonds to enhance after-tax returns for investors, focusing on general obligation and revenue bonds from municipalities with strong fiscal profiles and essential-service backing.
Certificates of Deposit (CDs)
Certificates of Deposit are bank-issued, FDIC-insured time deposits that offer a fixed interest rate over a specified term. CDs provide one of the safest fixed income options available, with principal protection up to FDIC insurance limits. Pendleton utilizes CD laddering strategies to maintain liquidity while capturing competitive yields across various maturities and banking institutions.
Fixed Income Funds / ETFs
Fixed Income Funds and Exchange-Traded Funds provide managed portfolio exposure to diversified baskets of bonds and other debt instruments. These vehicles offer professional management, broad diversification, and daily liquidity. Pendleton selects funds with strong track records, low expense ratios, and strategies that complement our direct bond holdings to optimize overall portfolio risk-adjusted returns.
Fixed Income Portfolio Highlights
Portfolio Allocation
Fixed income portion of total assets under management
Avg Rating
Average credit rating across holdings
Yield
Portfolio yield to maturity
Total Value
Fixed income portfolio market value