40|86 Advisors, Inc., a wholly-owned subsidiary of CNO Financial Group, is a fixed income investment advisor with its roots in the Midwest. The firm manages over $26 billion in public corporate debt securities, taxable municipal bonds, emerging market securities, high yield bonds, government bonds, mortgage related securities, privately placed debt securities, commercial mortgages, and bank loans.

40|86's investment strategy enables the firm to consistently achieve solid performance in its fixed income portfolios by employing a disciplined portfolio structuring process; an intensive bottom-up security analysis that focuses on individual sectors and security structure; a focus on relative value which allows it to discover undervalued opportunities in the marketplace; and a clearly defined, rigorously implemented buy, review and sell discipline.