Roger McEniry, a seasoned manager of U.S. corporate bond portfolios, shares his insights into a successful fixed income investment strategy. He explains the firm’s identity as a fixed income value investor, focused on identifying bonds that are both “cheap and safe.” Unlike high-risk, high-reward plays or ultra-safe but underperforming options, the strategy emphasizes a balance, targeting bonds in the crossover space between lower investment grade and higher-rated high yield. This approach allows the team to uncover strong value opportunities while managing downside risk. With a clear philosophy grounded in disciplined credit analysis and value investing principles, the firm consistently seeks to outperform benchmarks and deliver competitive returns in the often volatile corporate bond market.