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Philosophy and Process
Total Return Fixed Income

Real Estate Securities

Tailored fixed income

Tailored fixed income

Our Fundamental, Bottom-up Investment Process

Advantus builds portfolios one security at a time using a fundamental, bottom-up approach that identifies relative value through research and analysis.

We select securities one bond at a time by:

  • Finding "sweet spots" in the market
  • Looking for bonds with a yield advantage
  • Looking for bonds with opportunities for superior total returns

Our fundamental research and analysis is underscored by:

  • Analysis of financial ratios, trends, products and management quality
  • Utilizing relative industry comparisons
  • Performing simulation and stress testing of individual portfolio holdings

We seek relative value by:

  • Looking for the best bonds in the market based on value
  • Asking if the price is right when compared to the risks
  • Comparing to investments currently in the portfolio

Our objectives include:

  • Focusing on investment grade securities across all sectors with enhanced returns
  • Successfully managing assets under a multiple constraint system
  • Seeking excess yield through structure, liquidity or credit trade-offs, rather than interest rate risk
  • Building quality portfolios with cash consistency
  • Actively managing and focusing on risk that can be underwritten

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