INCOME RESEARCH + MANAGEMENT

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Adviser Profile
As of Date 08/28/2024
Adviser Type - Large advisory firm
- An investment adviser (or subadviser) to an investment company
Number of Employees 201 -4.29%
of those in investment advisory functions 63 5.00%
Registration SEC, Approved, 05/01/1987
AUM* 96,989,577,589 8.98%
of that, discretionary 95,397,349,542 9.73%
Private Fund GAV* 9,517,566,940 10.80%
Avg Account Size 105,194,770 7.92%
% High Net Worth 46.44% -8.61%
SMA’s Yes
Private Funds 15
Contact Info 617 xxxxxxx
Websites

Client Types

- High net worth individuals
- Banking or thrift institutions
- Investment companies
- Pooled investment vehicles
- Pension and profit sharing plans
- Charitable organizations
- State or municipal government entities
- Insurance companies
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management

Recent News

Reported AUM

Discretionary
Non-discretionary
93B 80B 67B 53B 40B 27B 13B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeOther Private Fund Count15 GAV$9,517,566,940

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker92277GAZ0 Stock NameVENTAS RLTY LTD PARTNERSHIP $ Position$13,591,200 % Position7.00% $ Change16.00% # Change0.00%
Stck Ticker69352PAS2 Stock NamePPL CAP FDG INC $ Position$12,590,200 % Position6.00% $ Change11.00% # Change0.00%
Stck Ticker844741BG2 Stock NameSOUTHWEST AIRLS CO $ Position$12,035,745 % Position6.00% $ Change1.00% # Change0.00%
Stck Ticker018802AC2 Stock NameALLIANT ENERGY CORP $ Position$12,920,465 % Position6.00% $ Change6.00% # Change0.00%
Stck Ticker125896BX7 Stock NameCMS ENERGY CORP $ Position$11,888,100 % Position6.00% $ Change9.00% # Change0.00%
Stck Ticker26441CBY0 Stock NameDUKE ENERGY CORP NEW $ Position$12,490,300 % Position6.00% $ Change6.00% # Change0.00%
Stck Ticker298736AL3 Stock NameEURONET WORLDWIDE INC $ Position$11,869,760 % Position6.00% $ Change1.00% # Change0.00%
Stck Ticker30212PBE4 Stock NameEXPEDIA GROUP INC $ Position$13,153,010 % Position6.00% $ Change4.00% # Change0.00%
Stck Ticker09857LAN8 Stock NameBOOKING HOLDINGS INC $ Position$12,638,096 % Position6.00% $ Change6.00% # Change0.00%
Stck Ticker647551AE0 Stock NameNEW MTN FIN CORP $ Position$12,132,315 % Position6.00% $ Change0.00% # Change0.00%

Brochure Summary

Overview

Founded in 1987 and organized as a Delaware corporation, IR+M specializes in managing U.S. fixed income portfolios for institutional and private clients, several U.S. fixed income private investment funds, registered investment companies, and collective investment trusts for qualified investors. IR+M is privately owned largely by our employees and independent, having no subsidiaries, affiliates, or divisions. All business is conducted at our sole location in Boston, Massachusetts. Jack Sommers, our Executive Chairperson, is the only person who owns 25% or more of IR+M. We focus our investment advisory business on the U.S. fixed income universe offering clients advice and services on broad and focused fixed income strategies. Please refer to Item 8 below for a more detailed description of Methods of Analysis, Investment Strategies, and Risk of Loss associated with our investment strategies. We work closely with
our clients to identify and understand their investment needs, and, based on their investment objectives coupled with our investment processes, provide discretionary or non-discretionary investment management services subject to agreed upon investment guidelines and restrictions. Such investment guidelines and restrictions may include, but are not limited to, the type or amount of securities to be bought or sold, maximum concentration in a sector or industry, minimum quality standards for rated securities, socially responsible criteria, maximum maturities, or, if desired by the client, certain environmental, social, and governance (“ESG”) factors which may include customized restrictions or minimum ESG ratings requirements. We do not participate in any wrap fee programs. As of December 31, 2023, we managed $95,397,349,543 on a discretionary basis and $1,592,228,047 on a non-discretionary basis.