Michael V. Salm Co-Head of Fixed Income

Funds managed

Fact sheet Annual Semi-annual
Absolute Return 100 Fund
Absolute Return 300 Fund
American Government Income Fund
overall Morningstar rating among 243 funds in the Intermediate Government category.
10-year Morningstar rating among 171 funds in the Intermediate Government category.
Diversified Income Trust
5-year Morningstar rating among 159 funds in the Nontraditional Bond category.
Global Income Trust
overall Morningstar rating among 308 funds in the World Bond category.
10-year Morningstar rating among 126 funds in the World Bond category.
Income Fund
overall Morningstar rating among 434 funds in the Intermediate-Term Bond category.
10-year Morningstar rating among 539 funds in the Intermediate-Term Bond category.
5-year Morningstar rating among 428 funds in the Intermediate-Term Bond category.
Short Duration Income Fund
U.S. Government Income Trust
overall Morningstar rating among 243 funds in the Intermediate Government category.
10-year Morningstar rating among 171 funds in the Intermediate Government category.
5-year Morningstar rating among 230 funds in the Intermediate Government category.

Whitepapers

Fixed-Income Outlook

17-Jan

Analysis of global bond market sectors from the Co-Heads of Fixed Income.


Blog posts

A surprising shortage in housing

September 01, 2015

Home construction is falling behind the pace of new household formation, creating an imbalance between housing supply and demand.


Headwinds buffet emerging-market debt

August 25, 2015

Higher interest rates can challenge any fixed-income market, but rate increases in advanced economies can cause particular difficulty for emerging markets.


What may unlock consumer spending

May 07, 2015

While retail sales have been rather weak, key elements of consumer spending on services, including housing, are growing.