Fixed Income
Stability. Income. Strategic Diversification.
At Craft Capital Management LLC, we view fixed income as more than just portfolio ballast. Our approach combines rigorous credit analysis with yield optimization to construct bond portfolios that deliver consistent income while preserving capital across market cycles.
Our Fixed Income Approach
1
Credit Quality First
We prioritize fundamental credit analysis over yield chasing. Every bond undergoes thorough evaluation of issuer financial health, industry dynamics, and structural protections.
2
Duration Management
Interest rate sensitivity is actively managed through strategic duration positioning, allowing us to capitalize on rate movements while protecting against yield curve shifts.
3
Diversified Income Streams
We construct portfolios across multiple sectors, credit qualities, and maturities to provide stable income generation while effectively mitigating portfolio concentration risk.
Fixed Income Offerings
Our fixed income approach integrates comprehensive credit analysis with strategic risk management to optimize client portfolios. We conduct thorough evaluation of issuer fundamentals and bond structures while actively managing duration and liquidity risks across market cycles.
Our institutional trading network provides access to extensive dealer relationships and electronic platforms, ensuring competitive execution across all fixed income sectors. We participate in primary market offerings and maintain active secondary market capabilities, allowing for opportunistic positioning based on market dislocations.
This combination of rigorous analysis and superior market access enables us to construct diversified portfolios across the full spectrum of fixed income opportunities:
Government Securities
U.S. Treasury Bills, Notes & Bonds
The gold standard of credit quality, backed by the full faith and credit of the U.S. government. Treasury bills offer short-term liquidity, while notes (2-10 years) and bonds (10+ years) provide longer-term income streams with federal tax advantages.
Agency Securities
Government-sponsored enterprise bonds from entities like Fannie Mae and Freddie Mac, offering slightly higher yields than Treasuries with implicit government backing.
Municipal Bonds
​Tax-Free Income Generation
State and local government bonds providing federally tax-exempt income, with potential state tax exemptions for in-state residents. Particularly attractive for high-income investors seeking after-tax yield optimization.
Revenue vs. General Obligation
We evaluate both revenue bonds (backed by specific project cash flows) and general obligation bonds (backed by issuer's taxing power) to optimize risk-adjusted returns.
Corporate Bonds
​​Investment Grade Corporate
High-quality corporate debt from established companies with strong balance sheets and predictable cash flows. Offers yield premiums over government securities with manageable credit risk.
High Yield Opportunities
Selective exposure to below-investment-grade bonds where fundamental analysis suggests adequate compensation for increased credit risk and potential for capital appreciation.
Specialized Fixed Income
Convertible Securities
Hybrid instruments combining bond-like income with equity upside participation, providing asymmetric risk-return profiles in volatile markets.
Asset-Backed Securities
Diversified exposure to consumer and commercial credit through securitized structures, offering attractive yields with varying risk profiles.
Commercial Paper & CDs
Short-term instruments for liquidity management and capital preservation, providing flexibility while maintaining income generation.
Fixed-Income Mutual Funds
Professionally managed diversified bond portfolios offering instant diversification and professional management across various fixed income sectors.