1 Securities Industry and Financial Markets Association.
2 “Triple A Quality Fades as Companies Embrace Debt.” The Financial Times; May 24, 2016
3 “The Corporate Bond Market is Getting Junkier.” Danielle DiMartino-Booth, Bloomberg; July 10, 2018
4 “Market Insight: The Storm Surrounding BBB-Rated Corporate Debt.” Tortoise Advisors, September 2018
5 “The Changing Nature of Market Liquidity- Understanding Banks’ Corporate Bond Inventory.” Richard Woolnough, Bond Vigilantes; April 4, 2019
Swan Global Investments, LLC is a SEC registered Investment Advisor that specializes in managing money using the proprietary Defined Risk Strategy (“DRS”). SEC registration does not denote any special training or qualification conferred by the SEC. Swan offers and manages the DRS for investors including individuals, institutions and other investment advisor firms. Any historical numbers, awards and recognitions presented are based on the performance of a (GIPS®) composite, Swan’s DRS Select Composite, which includes non-qualified discretionary accounts invested in since inception, July 1997, and are net of fees and expenses. Swan claims compliance with the Global Investment Performance Standards (GIPS®).
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