The SNW Team
We deliver high-quality, tax-efficient fixed income solutions through separately managed accounts.
Our Approach Is Based On Exceptional Client Service
Broad Investment Capabilities
Within OFIGlobal1, the SNW investment team offers a full investment-grade fixed income solution. We actively manage approximately $2.7 billion in assets in more than 1,800 separately managed accounts.
A Focus on Quality
We manage portfolios with a focus on delivering consistency, low relative volatility, and risk-adjusted outperformance through after-tax total returns.
Tailored Portfolio Management
Our strategies can be personalized at inception to meet tax, volatility, liquidity, and impact objectives. We have a unique ability to account for an individual investor’s state of residence and tax bracket.
Impact investment options allow clients to align their mission with their portfolios and are available for each strategy.
Exceptional Client Support
Our collaborative investment culture relies on constant communication between team members. This focus on communication extends to the partnerships we create with advisors.
We Adapt Your Investment To Suit Your Personal Needs
Select an investment strategy and add a portfolio duration to have control over your investment. You can further customize your solution by adjusting for your situation and impact strategy.
Core Investment Capabilities
Our risk-managed strategies are rooted in fundamental and quantitative research and offer exposure across investment-grade bond markets. Market opportunities drive sector and security selection.
The SNW Municipal Strategy provides broad exposure to the investment-grade municipal bond market. It is appropriate for investors in a high tax bracket.
The SNW Blend Strategy provides broad exposure to the investment-grade bond market. It is appropriate for investors in a mid-level federal tax bracket or for investors who reside in a state with no income tax. Represented sectors include tax-free and taxable municipals, corporates, Treasuries, government agencies, and government mortgage-backed securities. The strategy seeks out opportunities for after-tax yield and relative value among sectors.
The SNW Taxable Strategy provides broad exposure to the investment-grade taxable market. The strategy is appropriate for tax-advantaged accounts or investors in a low tax bracket. Represented sectors include Treasuries, government agencies, corporates, government mortgage-backed securities, and taxable municipals.
The SNW Credit Strategy provides exposure to certain credit sectors of the investment-grade taxable bond market. The strategy is appropriate for investors willing to take credit risk and includes corporates and taxable municipal bonds.
Research demonstrates the difficulty in consistently predicting the direction and level of interest rates. We tailor portfolio duration to client objectives and manage it within tight bands of the benchmark.
The Ultra Short Duration Strategy exhibits minimal sensitivity to changes in interest rates. It has a weighted average portfolio duration of .5 years to 1.5 years, and maximum individual bond maturities of 3 years.
The Short Duration Strategy exhibits limited sensitivity to changes in interest rates. It has a weighted average portfolio duration of 2 years to 3 years, and maximum individual bond maturities of 7 years.
The Intermediate Duration Strategy exhibits moderate sensitivity to changes in interest rate. It has a weighted average portfolio duration of 3.5 years to 4.5 years, and maximum individual bond maturities of 12 years.
The Long Duration Strategy exhibits extensive sensitivity to changes in interest rates. It has a weighted average portfolio duration of 5 years to 8 years, and no limitation on individual bond maturities.
Impact strategies include only securities that have passed a rigorous credit screening and are highly rated within our proprietary impact methodology.
The General Impact Strategy takes a broad spectrum approach to impact investing, where assets are allocated to any available investment opportunity with impact potential. This includes impact opportunities related to the environment, education, housing, healthcare, social improvement, energy efficiency, and infrastructure improvements.
The Educational Focus invests in opportunities that both expand access to education and contribute to the improvement of educational achievement. Primary and secondary education programs, adult education, continuing education, skills training, and other similar opportunities will be included. This approach will not invest in for-profit education providers.
Environmental Issues Focus
The Environmental Issues Focus identifies investment opportunities with high potential positive impact in areas such as land, water, and energy conservation, and seeks opportunities with good climate change profiles and low overall environmental impact. This approach will emphasize low carbon investment opportunities and is, by design, free of fossil fuel reserve owners.
Gender Equity Focus
The Gender Equity Focus identifies investment opportunities using governance criteria such as women's representation in leadership and senior management roles, including an evaluation of the number of board seats held by women and whether the board chair is female. Investment opportunities providing dedicated capital access programs, healthcare services, and educational opportunities for women will be preferred. The Gender Equity Focus may periodically emphasize particular industries, sectors, or regions as a way to leverage assets for increased impact.
An Experienced Team
SNW’s veteran team of portfolio managers, analysts, and traders averages 16 years of investment experience and operates within a collaborative environment that encourages all team members to contribute ideas. Two senior portfolio managers oversee all aspects of the investment process, including credit analysis, trading, and risk management.