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 (as of December 31, 2019) 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.