Income Research + Management (IR+M) specializes in managing US fixed income portfolios for various clients, including institutions and high net worth individuals. IR+M works with clients to understand their investment needs and provides investment management services based on agreed-upon guidelines. IR+M focuses on the US fixed income market, offering advice on broad and focused strategies.
Fee Structure
IR+M charges a management fee based on a percentage of the assets they manage. The fee varies depending on the client type, portfolio type, investment strategy, portfolio size, client service needs, and any pre-existing relationships. All fees are negotiable. Here are some examples of their annual rates:
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Core, Core Plus, Intermediate, Long, Corporate-Only, Mortgage Back Security-Only Portfolios (minimum $50 million investment)
- Accounts $50 million to $100 million: 0.30% on the first $50 million, 0.25% on the next $50 million
- Accounts over $100 million: 0.25% on the first $100 million, 0.20% on the next $100 million, 0.15% on amounts over $200 million
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Short Duration Portfolios (minimum $50 million investment)
- 0.25% on the first $50 million, 0.15% on the next $50 million, 0.10% on amounts over $100 million
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Short Diversified Income Portfolios (minimum $50 million investment)
- 0.35% on the first $100 million, 0.30% on the next $100 million, 0.20% on amounts over $200 million
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Government Opportunity, Agency Portfolios (minimum $50 million investment)
- 0.15% on the first $50 million, 0.10% on amounts over $50 million
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Treasury Only, TIPS Portfolios (minimum $50 million investment)
- 0.10% on the first $50 million, 0.05% on amounts over $50 million
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Crossover Portfolios (minimum $50 million investment)
- 0.35% on the first $100 million, 0.30% on the next $100 million, 0.20% on amounts over $200 million
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Extended Cash Portfolios (minimum $50 million investment)
- 0.20% on the first $50 million, 0.15% on the next $50 million, 0.10% on amounts over $100 million
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Convertible Bond Portfolios (minimum $75 million investment)
- 0.35% on the first $100 million, 0.25% on the next $100 million, 0.20% on amounts over $200 million
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Liability Driven Investment (“LDI”) Portfolios (minimum $75 million investment)
- 0.35% on the first $100 million, 0.30% on the next $100 million, 0.20% on amounts over $200 million
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Municipal Bond Portfolios (minimum $10 million investment)
- 0.25% on the first $25 million, 0.20% on the next $75 million, 0.15% on amounts over $100 million