Michael V. Salm Co-Head of Fixed Income

Funds managed

Fact sheet Annual Semi-annual
Absolute Return 100 Fund
Absolute Return 300 Fund
Diversified Income Trust
Global Income Trust
Income Fund
Mortgage Securities Fund
Short Duration Income Fund

Closed End Funds

Master Intermediate Income Trust
Premier Income Trust

Blog posts

A surprising shortage in housing


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

Headwinds buffet emerging-market debt


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


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