Burgundy’s investment team approaches fixed-income investing the same as investing in equities. The team focuses on companies instead of the economy, interest rates or macroeconomic conditions. Understanding a company’s ability to pay interest and principal is part of understanding the overall strength and potential of the company.

Corporate bonds yield more than risk-free government securities. To manage overall Fund volatility, Burgundy also includes bonds and debentures issued by Canadian borrowers such as federal, provincial and municipal governments.