The surprise victory of President-elect Donald Trump will usher in new pro-growth, pro-business policies and that will be a boon for Devon Energy (DVN) - Get Report , Diamond Offshore (DO) - Get Report and Wells Fargo (WFC) - Get Report bonds, says Jim Brilliant, portfolio manager for the CM Advisors Fixed Income Fund (CMFIX) - Get Report .

"We believe the change from status quo is significant because, until now, the Fed has had the only seat at the table supporting the economy. However, over the next four years, fiscal policy will be elbowing its way in," says Brilliant. "So, the Fed will have to contend with the potential effects of changes in fiscal policy along with the continued prospects of rising inflation."

The CM Advisors Fixed Income Fund is up 35 basis points thus far in 2017, according to Morningstar. The $66 million fund has returned an average of 1.9% annually over the past five years, outpacing 75% of its rivals in Morningstar's short-term bond category. The fund sports a trailing twelve month yield of 3.2%, according to Morningstar.

One corporate issue Brilliant is bullish on is Devon Energy's 6.3% bond, due January 2019. Throughout 2016, Devon improved its balance sheet through the sale of non-core assets. It also built a sizable liquidity position of more than $5 billion, which is net of $2.2 billion spent on debt repurchases.

"We believe Devon has some of the best acreage in the key oil producing basins," says Brilliant. "With an improved cost structure, a commitment to live within their cash flow, and with no significant debt maturities until 2021, Devon is prepared to aggressively ramp up production as oil prices rise."

Staying in the energy sector, Brilliant also likes the Diamond Offshore Drilling 5.875% bond, due May 2019.

"Diamond has the best balance sheet among its peers, is positioned to survive the downturn, and will therefore benefit as the industry recovers," says Brilliant, adding that the bond sells at yield to maturity of 3.875%, about 260 basis points more than the 2-year Treasury.

In the financial sector, Brilliant is a fan of the Wells Fargo 1.65%, due January 2018. He calls it one of the "best run banks in the nation, having the highest ROE among its peers." He also believes the financial impact from the bank's recent account scandal will be minimal.

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"They certainly have work to do to repair their reputation, but we are confident they will. In the meantime, on 1-year paper we are getting 1.6% yield to maturity, about twice the yield of the one-year T-bill and about 40 basis points better than a two-year Treasury," said Brilliant.